2020 Bitcoin Exchange Rate – Bitcoin to Naira Exchange Rate

2020 Bitcoin exchange rate

2020 Bitcoin exchange rate – Bitcoin to Naira Exchange Rate tells you the exchange rate of Bitcoin which is the major Cryptocurrency and the  Naira which is the Nigerian currency. You will also learn more about the factors that influence Bitcoin to Naira exchange rate.

2020 Bitcoin exchange rate – Bitcoin to Naira Exchange Rate

After reading this article, you will learn  about current Bitcoin (BTC) to Nigerian Naira (NGN). You will know the official and Black Market Exchange Rate as it stands today.

Do you wanna know answers to the following questions.

  • How much is Bitcoin worth in Naira?
  • What is the official exchange rate of Bitcoin?
  • What is the black-market exchange rate of Bitcoin?

Since the Bitcoin to Naira exchange rate is not regulated or fixed by the Central Bank of Nigeria, there is high level of fluctuations even on daily basis.

Presently, the Bitcoin (BTC) to Naira (NGN) Exchange Rate is shown below;

1 BTC = ₦5,736,765.86

Learn More About Nigerian Naira (NGN)

Every country in the world has their specific currency which is the mode of trading and as well determinant of economic development. Nigeria in specific has adopted the Naira as her currency and basic mode of transaction. It is further divided into 100 kobo.

Country: Nigeria
Region: Africa
Sub-Unit: 1 Naira = 100 kobo
Symbol: ₦

Though out Nigeria, the only agency with legal backup and ability to tender money is the Central Bank of Nigeria. It is also the sole issuer of legal tender of Naira.


Bitcoin was introduced on 31 October 2008 to a cryptography mailing list and released as open-source software in 2009.

Bitcoin is both a cryptocurrency and an electronic payment system invented by an unidentified programmer, or group of programmers, under the name of Satoshi Nakamoto.

About Bitcoin (BTC)
Country: Worldwide

Code BTC
Symbol: ฿

Check the Main Factors Influencing the Bitcoin Price – Factors Affecting Bitcoin to Naira Exchange Rate

The following are the major factors determining the value of Bitcoin in Nigeria;

  • Influence from Media
  • Government policy regulation
  • Level of Stability of Bitcoin Network
  • Level of Demand and Supply of Bitcoin
  • Changes and innovations in technology
  • Level of  acceptance
  • Market manipulations by brookers
  • Large Businesses Dumping to Fiat Currency

Bear in mind that the factors that influence the Bitcoin to Naira exchange rate are so numerous. Even though we know Bitcoin is high at the moment, it can either fall or continue to rise with time.  Learn more about Bitcoin HERE.

If you wanna invest in Bitcoin, click HERE and learn how to open account and begin to enjoy marketing benefits.

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