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BTC/NGN - Bitcoin Nigerian NairaInformation about the BTC to NGN price today (1 Bitcoin to Nigerian Naira) is available on this page. Assess the value over time and get today's BTC to NGN data and analysis right here.
Stay informed with real-time data for BTC to NGN price exchanges (using the Luno rate), live and breaking crypto news, expert opinions, in-depth analyses, and key economic events surrounding the live BTC/NGN cross. Engage with our crypto community today to discuss and share sentiments on our BTC to NGN forum.
Harness these invaluable (free) resources to navigate the dynamic world of Bitcoin Nigerian Naira exchange rates. Empower your decisions by selecting your desired time frame on the Bitcoin Nigerian Naira UK price graph to view (live) minute-by-minute or monthly data.
Stay informed with real-time data for BTC to NGN price exchanges (using the Luno rate), live and breaking crypto news, expert opinions, in-depth analyses, and key economic events surrounding the live BTC/NGN cross. Engage with our crypto community today to discuss and share sentiments on our BTC to NGN forum.
Harness these invaluable (free) resources to navigate the dynamic world of Bitcoin Nigerian Naira exchange rates. Empower your decisions by selecting your desired time frame on the Bitcoin Nigerian Naira UK price graph to view (live) minute-by-minute or monthly data.
Luno
Currency in
NGN
| BTC/NGN | Nigerian Naira | ||
| BTC/PLN | Polish Zloty | ||
| BTC/EUR | Euro | ||
| BTC/UAH | Ukrainian Hryvnia | ||
| BTC/TRY | Turkish Lira | ||
| BTC/SEK | Swedish Krona | ||
| BTC/GBP | British Pound Sterling | ||
| BTC/CHF | Swiss Franc | ||
| BTC/RUB | Russian Ruble | ||
| BTC/BRL | Brazil Real | ||
| BTC/SAR | Saudi Riyal | ||
| BTC/ILS | Israeli Shekel | ||
| BTC/KRW | Korean Won | ||
| BTC/IDR | Indonesian Rupiah | ||
| BTC/JPY | Japanese Yen | ||
| BTC/INR | Indian Rupee | ||
| BTC/MYR | Malaysian Ringgit | ||
| BTC/VND | Vietnamese Dong | ||
| BTC/THB | Thai Baht | ||
| BTC/HKD | Hong Kong Dollar | ||
| BTC/SGD | Singapore Dollar | ||
| BTC/PHP | Philippine Peso | ||
| BTC/AUD | Australian Dollar | ||
| BTC/NZD | New Zealand Dollar | ||
| BTC/USD | US Dollar | ||
| BTC/CAD | Canadian Dollar | ||
| BTC/MXN | Mexican Peso | ||
| BTC/ZAR | South African Rand | ||
| BTC/UGX | Ugandan Shilling |
152,769,949
-2,230,051(-1.44%)
Real-time Data
Day's Range
152,769,949
152,769,949
52 wk Range
48,601,024
172,904,880
Day's Range
152,769,949152,769,949
52 wk Range
48,601,024172,904,880
- Bid/Ask
- 152,769,983.00 / 153,067,581.00
- Vol (24H)
- 144.40B
- Market Cap
- 1.91T
- Day's Range
- 152,769,949-152,769,949
- 52 wk Range
- 48,601,024-172,904,880
- Max Supply
- BTC21.00M
- Circulating Supply
- BTC19.79M
- Rank
- 1
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orFAQ
What Is Bitcoin?
Bitcoin is a decentralised digital currency, created in 2009, that allows peer-to-peer transactions without the need for intermediaries like banks. It operates on blockchain technology, a secure and transparent ledger that records all transactions. Bitcoin is limited in supply, with only 21 million coins ever being available. It is known for its price volatility, which can offer high returns but also carries significant risk. Investors can buy, sell, or hold Bitcoin through online exchanges. Bitcoin's appeal lies in its potential as both a store of value and a medium for global transactions.
Discover what crypto is and how it works within our Investing Academy.
Discover what crypto is and how it works within our Investing Academy.
How Does Bitcoin Work?
Bitcoin operates on a decentralised network using blockchain technology, which is a public ledger containing all transaction records. Each transaction is verified by digital signatures that confirm the sender's ownership of the Bitcoin, ensuring its authenticity. This process eliminates the need for third-party validation, like banks.
Users can also participate in "mining," where they use specialised hardware to solve complex mathematical problems. By doing so, they validate transactions on the network and are rewarded with new Bitcoins. Mining is integral to maintaining the network and releasing new Bitcoin into circulation.
Users can also participate in "mining," where they use specialised hardware to solve complex mathematical problems. By doing so, they validate transactions on the network and are rewarded with new Bitcoins. Mining is integral to maintaining the network and releasing new Bitcoin into circulation.
What Is Blockchain?
Blockchain is a digital ledger technology that records transactions in a decentralised and transparent way. It consists of blocks of data, each containing a list of transactions. Once a block is filled, it is linked to the previous block, forming a "chain." Each block is secured by cryptographic algorithms, making it nearly impossible to alter past records without changing all subsequent blocks.
This technology underpins cryptocurrencies like Bitcoin but is also used in various industries to ensure security, transparency, and efficiency in data management. Blockchain eliminates the need for intermediaries, reducing costs and processing times.
This technology underpins cryptocurrencies like Bitcoin but is also used in various industries to ensure security, transparency, and efficiency in data management. Blockchain eliminates the need for intermediaries, reducing costs and processing times.
What Is Bitcoin Mining?
Bitcoin mining is the process of validating transactions on the Bitcoin network and adding them to the blockchain. Miners use specialised computers to solve complex mathematical problems, which confirm the legitimacy of transactions. Once a problem is solved, a new "block" of transactions is added to the blockchain, and the miner is rewarded with newly minted Bitcoins.
This process is essential for maintaining the security and integrity of the Bitcoin network. However, mining requires significant computing power and energy, making it increasingly difficult, costly and increasing less eco-friendly as more miners participate and the Bitcoin supply decreases.
This process is essential for maintaining the security and integrity of the Bitcoin network. However, mining requires significant computing power and energy, making it increasingly difficult, costly and increasing less eco-friendly as more miners participate and the Bitcoin supply decreases.
How Can I Buy Bitcoin?
You can buy Bitcoin through cryptocurrency exchanges, which are online platforms that allow users to trade traditional currency (like USD or GBP) for Bitcoin. In many cases, users can also trade cross-crypto, by using a different cryptocurrency (such as Ethereum or Solana) in exchange for Bitcoin (or vice versa).
To get started, you need to create an account, verify your identity, and link a payment method such as a bank account or credit card. Once set up, you can place an order to buy Bitcoin at the current market price or set a custom price. After purchasing, your Bitcoin can be stored in a digital wallet for security. Popular exchanges include Coinbase, Binance, and Kraken. Always ensure the platform is reputable before buying.
To get started, you need to create an account, verify your identity, and link a payment method such as a bank account or credit card. Once set up, you can place an order to buy Bitcoin at the current market price or set a custom price. After purchasing, your Bitcoin can be stored in a digital wallet for security. Popular exchanges include Coinbase, Binance, and Kraken. Always ensure the platform is reputable before buying.
What Is Bitcoin Halving?
Bitcoin halving is an event that occurs roughly every four years, reducing the reward miners receive for validating transactions by 50%. This event limits the rate at which new Bitcoin enters circulation, aligning with Bitcoin's maximum supply cap of 21 million coins. Halving reduces the inflation rate of Bitcoin, making it scarcer over time.
Historically, this scarcity tends to increase demand, often leading to a rise in Bitcoin’s price following a halving event. However, the price impact can vary and is influenced by other factors like market sentiment and broader economic conditions.
Historically, this scarcity tends to increase demand, often leading to a rise in Bitcoin’s price following a halving event. However, the price impact can vary and is influenced by other factors like market sentiment and broader economic conditions.
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Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
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Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
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