# Bitnet

> If crypto - then Bitnet!

Bitnet is a licensed cryptocurrency exchange in Georgia that lets users buy, sell, and convert digital assets to and from local and foreign fiat currencies.

Bitnet is a cryptocurrency exchange licensed by the National Bank of Georgia, serving residents of Georgia and citizens of select countries. Users can buy, sell, and convert digital assets including Bitcoin, Ethereum, Solana, and USDT against Georgian Lari. The platform is available via a web interface and mobile app for iOS and Android, with a physical branch in Tbilisi for in-person transactions.

- Type: Company
- Sector: Finance
- Status: Active
- Founded: 2023-02-01
- Profile: https://thegrid.id/profiles/bitnet

## Products

- [Bitnet](https://thegrid.id/profiles/bitnet): Bitnet is a centralized exchange licensed by the National Bank of Georgia, enabling users to buy, sell, and convert cryptocurrencies against fiat currencies. Users fund accounts via Georgian bank transfers or in-person cash deposits at the Tbilisi office and trade digital assets through web and mobile interfaces. The platform provides custodial wallets with deposit and withdrawal support in GEL and USD. (Centralised Exchange, Live)

## Assets

- [B-Lari (B-LARI)](https://thegrid.id/profiles/bitnet): B-Lari is a GEL-pegged platform token issued by Bitnet, a cryptocurrency exchange licensed by the National Bank of Georgia. It is used as a Georgian Lari-denominated balance unit on the Bitnet platform for buying, selling, and converting cryptocurrencies. It represents users' GEL holdings within the Bitnet exchange environment. (Stablecoin)
- [B-Dollar (B-DOLLAR)](https://thegrid.id/profiles/bitnet): B-Dollar is a USD-pegged platform token issued by Bitnet, a cryptocurrency exchange licensed by the National Bank of Georgia. It is used as a US Dollar-denominated balance unit on the Bitnet platform for buying, selling, and converting cryptocurrencies. It represents users' USD holdings within the Bitnet exchange environment. (Stablecoin)

## Links

- [Main](https://bitnet.ge)
- [Blog](https://bitnet.ge/blog)
- [Documentation](https://support.bitnet.ge/hc/en-us)
- [Terms of Service](https://bitnet.ge/legal/terms-and-conditions)
- [Privacy policy](https://bitnet.ge/legal/privacy-policy)
- [Instagram](https://www.instagram.com/bitnet.ge)
- [YouTube](https://www.youtube.com/@Bitnet-)
- [Telegram](https://t.me/bitnetchat)
- [Facebook](https://www.facebook.com/Bitnet.ge1)
- [LinkedIn](https://www.linkedin.com/company/bitnet-exchange)

## Legal

This data is provided under two licensing models.

Model 1 - open data. The open data core is licensed under the Open Database License (ODbL) — a copyleft/share-alike license allowing free use, modification, and sharing for any purpose. Attribution is required: include "Powered by The Grid" linking to https://thegrid.id wherever the data is used. Derivative databases must be shared under ODbL terms. Trademarks, logos, and brand names (marked "Special TPIP") are not covered by the ODbL. For ML/AI use: training datasets that substantially extract ODbL data are Derivative Databases and must be shared under ODbL if publicly used; models must be attributed in documentation.

Model 2 - commercial licenses. The Grid Data Service (TGDS) is also available as a commercial license. See [Web Services Terms](https://about.thegrid.id/legal/web-services-terms) for commercial use that is not covered by the open data service.

The following applies to both licensing models.
- All data is provided AS IS with no guarantees of accuracy.
- The Grid does not provide investment, legal, or tax advice, and
- a project's presence in The Grid's data does not imply endorsement.


- [Data Licensing & Disclaimers](https://about.thegrid.id/legal/data-licensing-and-disclaimers): Licensing models and disclaimers
- [Open Data (ODbL)](https://about.thegrid.id/legal/open-data): Open Database License terms and scope for The Grid's open data service.
- [Attribution Guidelines](https://about.thegrid.id/legal/open-data-attribution-guidelines): How to attribute The Grid's data when using the open data service.
- [Web Services Terms](https://about.thegrid.id/legal/web-services-terms): commercial Terms for using data services.
- [All Legal Documents](https://about.thegrid.id/legal): Full index of terms, policies, and disclosures

## Optional

- [TGS Field Descriptions](https://github.com/The-Grid-Data/workspace-public/blob/main/references/tgs-field-descriptions.md): Schema field definitions for The Grid's data model
- [TGS JSON Structure](https://github.com/The-Grid-Data/workspace-public/blob/main/references/tgs-json-structure.md): Data model structure and relationships
- [Product Type Definitions](https://github.com/The-Grid-Data/workspace-public/blob/main/references/product-type-definitions.md): Definitions for each product type
- [Product Type Classification](https://github.com/The-Grid-Data/workspace-public/blob/main/references/product-type-classification.md): Guide for classifying products into types
- [Grid MCP Guide](https://github.com/The-Grid-Data/workspace-public/blob/main/grid-search/skills/grid-query/references/grid-mcp-guide.md): How to query The Grid programmatically via MCP