The Nigerian Naira (NGN) to Bitcoin (BTC) exchange rate is a key metric for individuals and businesses engaging in cross-border transactions between fiat and digital currencies. As of July 4, 2025, at 11:20 UTC, the conversion rate stands at 1 NGN = 0.000000006027 BTC. This guide provides a comprehensive overview of the NGN/BTC pair, including real-time data, historical trends, and practical conversion information.
Understanding the NGN to BTC Exchange Rate
The exchange rate between the Nigerian Naira and Bitcoin represents how much of the cryptocurrency one unit of the fiat currency can purchase. This rate fluctuates constantly due to market dynamics, including supply and demand, economic indicators, and global cryptocurrency trends.
Monitoring this rate is essential for anyone looking to buy Bitcoin using Naira, whether for investment, remittance, or commercial purposes. Utilizing a reliable currency converter ensures you receive accurate, up-to-date information for informed decision-making.
Real-Time Currency Converter
A real-time converter is an indispensable tool for instant conversions. For example:
- 1 NGN = 0.000000006027 BTC
- 1 BTC = 165,922,291 NGN
These values are updated frequently throughout trading hours to reflect the latest market conditions. For the most precise calculation for any amount, use a dedicated online tool.
Historical NGN to BTC Chart Analysis
Analyzing historical data helps understand long-term trends and volatility. The chart from July 4, 2024, to July 3, 2025, shows the average exchange rate was 1 NGN = 0.000000007831 BTC.
What Was the Highest NGN to BTC Rate in the Past Year?
The highest point was on July 5, 2024, when 1 NGN could be exchanged for 0.00000001164 BTC.
What Was the Lowest NGN to BTC Rate in the Past Year?
The rate hit its lowest point on May 22, 2025, at 1 NGN = 0.000000005602 BTC.
Has NGN Appreciated or Depreciated Against BTC Over the Past Year?
The NGN/BTC rate decreased by -46.87% over this period, meaning the Nigerian Naira depreciated significantly against Bitcoin.
Detailed NGN/BTC Exchange Rate Performance
A closer look at recent performance reveals short-term trends:
Past 30 Days:
- Highest Rate: ₿6.298564518492E-09
- Lowest Rate: ₿5.807096116522E-09
- Average Rate: ₿6.070565759516042E-09
- Overall Change: -0.66%
Past 90 Days:
- Highest Rate: ₿8.319504080856E-09
- Lowest Rate: ₿5.602272369899E-09
- Average Rate: ₿6.400338557354861E-09
- Overall Change: -22.44%
This data indicates a bearish trend for NGN against BTC over the quarter, with notable volatility.
Comprehensive Conversion Tables
Converting NGN to BTC
| Nigerian Naira (NGN) | Bitcoin (BTC) |
|---|---|
| 1,000 NGN | 0.000006027 BTC |
| 5,000 NGN | 0.00003013 BTC |
| 10,000 NGN | 0.00006027 BTC |
| 15,000 NGN | 0.00009040 BTC |
| 20,000 NGN | 0.0001205 BTC |
| 25,000 NGN | 0.0001507 BTC |
| 50,000 NGN | 0.0003013 BTC |
| 100,000 NGN | 0.0006027 BTC |
| 500,000 NGN | 0.003013 BTC |
| 1,000,000 NGN | 0.006027 BTC |
Converting BTC to NGN
| Bitcoin (BTC) | Nigerian Naira (NGN) |
|---|---|
| 1 BTC | 165,922,291 NGN |
| 5 BTC | 829,611,457 NGN |
| 10 BTC | 1,659,222,913 NGN |
| 15 BTC | 2,488,834,370 NGN |
| 20 BTC | 3,318,445,827 NGN |
| 25 BTC | 4,148,057,284 NGN |
| 50 BTC | 8,296,114,567 NGN |
| 100 BTC | 16,592,229,134 NGN |
How to Convert Nigerian Naira to Bitcoin
The process of converting NGN to BTC typically involves using a cryptocurrency exchange or a peer-to-peer platform. You will need to create an account, complete any necessary verification steps, deposit your Naira, and then place a buy order for Bitcoin at the current market rate. It's crucial to compare fees and security features across different platforms to find the best service for your needs. For a seamless experience, consider using a platform that offers real-time order books and advanced trading features. 👉 Explore secure trading platforms
Frequently Asked Questions
What factors influence the NGN to BTC exchange rate?
The rate is influenced by Bitcoin's market volatility, overall crypto market sentiment, regulatory news in Nigeria, the supply of USD/NGN (as many trades are routed through USD), and macroeconomic factors affecting the Nigerian economy, such as inflation and monetary policy.
Is it better to convert a large sum of NGN to BTC at once or use a dollar-cost averaging strategy?
This depends on your risk tolerance and market outlook. Converting a large sum at once exposes you to the risk of a sudden price drop immediately after purchase. Dollar-cost averaging—converting smaller amounts regularly over time—can help mitigate this risk by smoothing out the purchase price, though it may result in a higher average cost if the price trends upward consistently.
Can I use my Nigerian bank account to directly buy Bitcoin?
Many international and local cryptocurrency exchanges support direct deposits from Nigerian bank accounts. Some also offer integration with local payment processors. However, always confirm the supported deposit methods, potential transfer fees, and processing times on your chosen platform before initiating a transaction.
How are taxes handled on NGN to BTC conversions in Nigeria?
Tax regulations for cryptocurrency transactions are evolving in Nigeria. Generally, buying Bitcoin with Naira is not a taxable event itself. However, any capital gains realized when you later sell or trade that Bitcoin may be subject to taxation. It is highly recommended to consult with a local tax professional for the most current guidance.
What is the difference between the exchange rate I see online and the rate I get on a platform?
The rate you see on financial data websites is often a mid-market rate, which is the average between the global buy and sell prices. The actual rate you get on an exchange will include the platform's spread (the difference between the buy and sell price) and may also include trading fees, which can cause a slight difference from the quoted rate.
How can I safely store my Bitcoin after converting it from NGN?
For significant amounts, moving your Bitcoin off the exchange into a self-custody wallet is the safest option. This can be a hardware wallet (cold storage) or a reputable software wallet. For smaller amounts or if you plan to trade frequently, leaving them in a secure exchange account with strong security features (like 2FA) may be convenient. 👉 Learn about secure storage solutions
Conclusion
Staying informed about the NGN to BTC exchange rate is crucial for effective financial planning in the digital asset space. By understanding current rates, historical context, and conversion processes, you can make more strategic decisions when moving between the Nigerian Naira and Bitcoin. Always prioritize using secure and reputable platforms for your transactions to ensure the safety of your funds.