Convert Bitcoin to Nigerian Naira
Please provide values below to convert Bitcoin [BTC] to Nigerian Naira [NGN], or Convert Nigerian Naira to Bitcoin.
How to Convert Bitcoin to Nigerian Naira
1 BTC = 5.52028029122835e-09 NGN
Example: convert 15 BTC to NGN:
15 BTC = 15 × 5.52028029122835e-09 NGN = 8.28042043684253e-08 NGN
Bitcoin to Nigerian Naira Conversion Table
| Bitcoin | Nigerian Naira |
|---|
Bitcoin
Bitcoin (BTC) is a decentralized digital currency that enables peer-to-peer transactions without the need for a central authority or intermediary.
History/Origin
Bitcoin was created in 2009 by an anonymous person or group known as Satoshi Nakamoto, introducing blockchain technology to ensure secure and transparent transactions. It was the first cryptocurrency and sparked the development of numerous other digital currencies.
Current Use
Bitcoin is widely used for online purchases, investment, remittances, and as a store of value. It is also accepted by some merchants and businesses worldwide and is increasingly integrated into financial markets and services.
Nigerian Naira
The Nigerian Naira (NGN) is the official currency of Nigeria, used for all monetary transactions within the country.
History/Origin
Introduced in 1973, the Naira replaced the Nigerian pound at a rate of 2 Naira to 1 pound, and has undergone various redenominations and currency reforms since then.
Current Use
The Naira is widely used across Nigeria for everyday transactions, banking, and trade, with coins and banknotes issued by the Central Bank of Nigeria.