Convert Bitcoin to Naira
Check your Bitcoin value in USD and estimate your Naira payout.
Estimated conversion value. Check the final selling quote in MasaMasa before confirming your transaction.
Convert BTC to NGN
Check estimated Bitcoin-to-Naira conversions for common amounts using the current BTC market price.
NGN to BTC
How much Bitcoin your naira is worth
| Amount (NGN) | Bitcoin (BTC) |
|---|---|
| ₦1,000 | 0.00001120 BTC |
| ₦5,000 | 0.00005602 BTC |
| ₦10,000 | 0.00011204 BTC |
| ₦25,000 | 0.00028010 BTC |
| ₦50,000 | 0.00056020 BTC |
| ₦100,000 | 0.00112039 BTC |
| ₦500,000 | 0.00560197 BTC |
| ₦1,000,000 | 0.01120395 BTC |
BTC to NGN
Estimated naira value of Bitcoin
| Amount (BTC) | Value (NGN) |
|---|---|
| 0.001 BTC | ₦89,254.26 |
| 0.01 BTC | ₦892,542.60 |
| 0.1 BTC | ₦8,925,426.00 |
| 0.5 BTC | ₦44,627,130.00 |
| 1 BTC | ₦89,254,260.00 |
| 5 BTC | ₦446,271,300.00 |
| 10 BTC | ₦892,542,600.00 |
| 100 BTC | ₦8,925,426,000.00 |
Market price last updated 3 minutes ago. Estimates use the BTC/USD market price and the configured USD/NGN rate. They are not guaranteed MasaMasa selling quotes.
How Much is Bitcoin in Naira?
The value of Bitcoin in Nigerian Naira (NGN) changes constantly as the global price of Bitcoin and the naira’s exchange rate against the US dollar fluctuate. To estimate how much Bitcoin is worth in Nigeria, you need to consider both the BTC/USD market price and the applicable USD/NGN exchange rate.
However, the rate you see on the Central Bank of Nigeria (CBN) market data may differ from the black-market rate used by informal currency traders. This difference can affect how much Nigerians pay for dollars and, indirectly, the naira value of Bitcoin.
Bitcoin is traded globally in US dollars. Its value in naira depends on the BTC/USD price and the USD/NGN exchange rate being used.
Why Does the CBN Rate Differ from the Black-Market Rate?
The CBN’s Nigerian Foreign Exchange Market (NFEM) rate reflects transactions in the official foreign-exchange market. The black-market rate, also called the parallel-market rate, is formed through transactions outside that official market.
The two rates can differ because they reflect different sources of supply, demand and transaction costs. When access to foreign currency is limited in one market, buyers may be willing to pay more in another.
HISTORICAL MARKET VALUE
Bitcoin to Naira Chart
Estimated BTC/NGN value using historical Bitcoin prices and CBN USD/NGN rates.
Loading historical BTC and CBN exchange-rate data…
What Drives the Bitcoin Black-Market Dollar Rate in Nigeria?
The black-market dollar rate in Nigeria is influenced by the demand for and availability of US dollars outside the official foreign-exchange market. It can differ from the official rate because the two markets reflect different sources of supply, demand and transaction costs.
- Demand for US dollars: Businesses and individuals need dollars for imports, international payments, travel, education and other expenses. When demand rises faster than available supply, the parallel-market rate may increase.
- Availability of foreign currency: The amount of dollars supplied through banks, exporters, remittances and other channels affects market conditions. When buyers struggle to obtain dollars through their preferred channels, some may turn to the parallel market, adding pressure to its rate.
- Inflation and confidence in the naira: When people expect the naira to lose purchasing power, some may seek to hold dollars as a store of value. Changes in confidence can influence demand for foreign currency.
- Foreign-exchange policies and liquidity: Policies affecting access to foreign currency and the amount of dollars available in the market can influence exchange-rate movements.
- Transaction costs and market risk: Informal currency transactions can involve different fees, availability constraints and counterparty risks. These factors can contribute to differences between quoted rates across locations and dealers.
How Much Is 1 Bitcoin in Naira?
Today, the current Bitcoin to Naira black market rate is loading.... This means 0.001 BTC is worth loading..., 0.005 BTC equals loading..., 0.01 BTC equals loading..., 0.05 BTC equals loading..., 0.1 BTC equals loading..., while 1 BTC is worth loading.... The value of 1 Bitcoin to Naira depends on the prevailing BTC to NGN exchange rate and where you exchange your Bitcoin.
At the current Bitcoin market price of loading... and a USD/NGN exchange rate of loading..., the estimated value of 1 BTC is loading.... This is calculated using the current BTC/USD price multiplied by the configured USD/NGN rate, before any platform spread or fees.
This is an illustrative calculation, not a live quote. The amount you receive when selling Bitcoin in Nigeria can vary depending on the exchange rate used by the platform, available liquidity and any applicable fees.
Sell Bitcoin in Nigeria
How to Sell Bitcoin for Naira on MasaMasa
Want to sell Bitcoin in Nigeria and receive Naira in your bank account? MasaMasa makes it easy to convert supported cryptocurrency into Naira without the hassle of finding a P2P buyer. Follow these simple steps to get started.
Download the MasaMasa app
Install MasaMasa from the Google Play Store or Apple App Store.
Create and verify your account
Register and complete any required account verification.
Check your Bitcoin-to-Naira quote
Enter your Bitcoin amount, review the current rate and confirm the Naira amount you are expected to receive.
Complete your Bitcoin sale
Follow the instructions in the app, complete the transaction and check your Naira payout.
Watch: How to Sell Bitcoin on MasaMasa
Watch the quick walkthrough to see how the process works before completing your first transaction.
Frequently Asked Questions About Bitcoin to Naira
Find answers to common questions about Bitcoin prices, converting BTC to Naira, buying Bitcoin and using MasaMasa in Nigeria.
How much is 1 Bitcoin in Naira today?
The value of 1 Bitcoin (BTC) in Nigerian Naira (NGN) changes with the Bitcoin market price and the exchange rate used by your platform. Check the live Bitcoin-to-Naira rate on MasaMasa to estimate your payout. The final amount may vary depending on the rate available when you trade.
Which is the best Bitcoin-to-Naira app in Nigeria?
A good Bitcoin-to-Naira app should offer competitive rates, reliable payouts, transparent transaction terms and accessible customer support. MasaMasa supports converting Bitcoin and other supported cryptocurrencies to Naira, with payouts to Nigerian bank accounts. Review the rate and transaction details before confirming a sale.
How do I open a Bitcoin account?
Download a reputable cryptocurrency app, register with your details and complete any required identity verification. Once your account is ready, follow the platform's instructions to access a Bitcoin wallet and receive, buy or sell BTC. If you want to convert Bitcoin to Naira, you can start by creating an account on MasaMasa.
How can I get free Bitcoin?
Legitimate ways to earn small amounts of Bitcoin may include promotional campaigns, learn-and-earn programmes and eligible referral rewards. Offers vary, so check their terms carefully. Avoid anyone promising guaranteed free Bitcoin in exchange for your recovery phrase, private keys or an upfront payment.
How much is 10 Bitcoin in Naira?
Multiply the current BTC-to-Naira rate by 10 to estimate the value of 10 Bitcoin. For example, if 1 BTC were worth ₦100,000,000, then 10 BTC would be worth ₦1,000,000,000. This is an illustration, not a live price. Check the current rate before making a transaction.
How do I buy Bitcoin in Nigeria?
Choose a reputable platform that supports Nigerian users, create an account and complete any required verification. Check the available payment methods, Bitcoin price and fees before purchasing. After buying, make sure you can securely access the wallet holding your Bitcoin.
How do I convert 1 Bitcoin to Naira?
Use a cryptocurrency conversion app such as MasaMasa. Create and verify your account, follow the instructions to access your BTC wallet, and review the available BTC-to-Naira rate and estimated payout. Follow the app's instructions to complete the conversion and receive your Naira payout according to the transaction terms.
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