Georgia is, among all else, famous for its favorable crypto environment. It has progressive crypto regulations, including no capital gains tax for individuals and straightforward licensing for crypto businesses. So if you need to perform a trc20 to usd exchange, you won’t have any issues with that. In fact, if you turn to a licensed crypto exchange, you’ll change your trc20 to dollar safely within a single day.

Exchanging TRC20 to USD in Three Steps

Step #1: Find a Reliable Crypto Exchange

So the first and the most important step is to pick a reliable crypto exchange. It should hold a VASP license from the National Bank of Georgia and good customer ratings. It’s also wise to look for an exchange with a physical office in Tbilisi.

A good example in this regard is AllTrust.me. They’ve got an office in the city center, a VASP license displayed right on the home page, and lots of different currency pairs if you need anything beyond trc20 usd conversions.

Step #2: Check Rates and Create an Online Application

Then, you check the exchange rates. At the moment of writing, the aforementioned AllTrust.me offers 1.015 USDT = 1 USD rate. That’s a competitive rate and, what’s especially important, there aren’t any hidden fees or commissions. So what you do is

• Insert the target amount of TRC20 and click “exchange”

• You’ll be then offered to log in or complete a quick registration

• For the quick registration, provide your email and name

• Confirm your email and provide the passport data

• You submit your application and, in 5 minutes, you can exchange your trc 20 to usd in their office.

Step #3: Make an Exchange in the Office

After you make a reservation for your trc20 usd exchange, you’ll soon (in 5 minutes or so) get a notification that all is ready for you to come to the office. It’s important that you have the document that you provided in the online request with you. You’ll need it to exchange trc20 to usd in the office. The exchange itself will likewise take about 5 minutes.

So the key points are to

• Bring necessary identification for verification.

• Conduct the trc 20 to usd exchange in the office, receive USD in hand or have them transferred to your bank account.

2 More Alternatives

The provided above example with AllTrust is the most convenient way to change trc20 to dollar but it’s not the only one.

• Crypto ATM

Crypto ATMs are available in different towns in Georgia but most of them are located in Tbilisi. It’s, indeed, convenient for quick trc20 usd conversions, but transaction fees are high. 

• P2P Platforms

Then, there are also platforms where you negotiate rates for your trc20 to usd exchange directly with other users. However, the main drawback is that KYC processes are super lengthy. Besides, there’s always a risk that the transactions will be flagged or blocked by your bank.

Final Thoughts

All in all, if you are looking for a fast, cheap, and safe method to exchange trc 20 to usd, it really makes sense to use a licensed crypto exchange. As to the other two alternatives, P2P platforms don’t seem to be a good option (at least, in Georgia) because they take tons of time and are risky. A crypto ATM is a generally safe and fast alternative to crypto exchanges but it’s just more expensive to change trc20 to dollar there.