$100 Bitcoin in Naira: Bitcoin is a decentralized digital currency created in 2009 by an anonymous person or group under Satoshi Nakamoto’s pseudonym. It is based on a technology called blockchain, a distributed ledger that records transactions across a network of computers. Unlike traditional currencies, a government or a central authority does not back Bitcoin, which can be used to buy goods and services and store value like gold.
$100 Bitcoin in Naira
The price of Bitcoin has been subject to extreme volatility since its inception, with significant price swings occurring regularly. Initially, Bitcoin was worth very little, and tech enthusiasts and early adopters mostly used it. However, over time, the currency gained popularity and began to attract mainstream attention, leading to a price surge.
Despite its volatility, Bitcoin has experienced significant price growth over the past decade. In early 2011, the currency was worth less than $1, but by 2021, it had reached an all-time high of nearly $70,000. Since then, the price has fluctuated; as of April 2023, it is trading at around $25,000. While Bitcoin’s price trend is difficult to predict, its decentralized nature, limited supply, and growing popularity suggest that it may continue to play a significant role in the future of digital currencies.
As a Bitcoin trader in Nigeria, you must know that the rate is significant. For example, one may ask, “How much is $100 Bitcoin in Naira?”
The purpose of this article is to provide a comprehensive guide on determining the rate of Bitcoin for any amount you possess, allowing you to understand this digital currency better.
Where To Buy Bitcoin In Nigeria
If you’re looking to buy Bitcoin in Nigeria, there are several reputable exchanges and platforms that you can use. Here are some options to consider:
- Binance: Binance is one of the world’s largest and most popular cryptocurrency exchanges, with a wide range of trading pairs and low fees. You can buy Bitcoin on Binance using Nigerian naira (NGN) via bank transfer or credit/debit card.
- Luno: Luno is a popular cryptocurrency exchange that allows you to buy Bitcoin and other cryptocurrencies with Nigerian naira. They offer low fees, a simple user interface, and a mobile app for easy access.
- Quidax: Quidax is a Nigerian-based cryptocurrency exchange that allows you to buy and sell Bitcoin and other cryptocurrencies like Ethereum and Litecoin. They offer a simple user interface and multiple payment options, including bank transfer and card payments.
- BuyCoins: BuyCoins is another Nigerian-based cryptocurrency exchange that allows you to buy and sell Bitcoin, Ethereum, and other cryptocurrencies. They offer a variety of payment methods, including bank transfers and card payments.
- Paxful: Paxful is a peer-to-peer Bitcoin marketplace that allows you to buy Bitcoin from other users in Nigeria. They offer a variety of payment methods, including bank transfers, online wallets, and gift cards.
It’s essential to do your research and choose a reputable exchange or platform before buying Bitcoin. Ensure also to follow basic security practices, such as using strong passwords and enabling two-factor authentication, to protect your Bitcoin and other cryptocurrencies.
How Much Is My $100 Bitcoin Worth In Naira At The Moment?
The first concept you need to understand is that the value of Bitcoin is subject to constant change. The value of a particular dollar amount of Bitcoin tends to change with time.
However, you must position yourself where you get the best value at any given time. To attain this, you need to sell your Bitcoin on a platform that always offers the best rate. One of those platforms is Astro Africa.
Currently, $100 Bitcoin is NGN 135,000 on the Prestmit app at the rate of NGN 725/$, which is the best rate you can get anywhere. This value is from Astro Africa’s rate calculator.
Where To Sell Your Bitcoin In Nigeria?
The Answer to this question is pretty straightforward – Astro Africa!!!
As stated earlier, Astro Africa is one of the platforms that offer the best exchange rate for gift card sales in the market. The exchange rate dictates the value you will get for your Bitcoin. The higher the exchange rate, the higher the value of your Bitcoin; this is why selling on a platform that offers a reasonable exchange rate is essential.
A Bitcoin trading platform that is reliable and efficient should possess certain features such as a fast transaction processing speed, high level of security, competitive exchange rates, user-friendly interface, and availability of customer support agents who are readily accessible, amongst others. All these characteristics can be found in Astro Africa.
Astro Africa is every Bitcoin trader’s ideal platform for cryptocurrency trade in Nigeria. Our Interface is designed with excellent User Experience design practice, allowing our customers to sell their Bitcoin with few clicks on both the website and mobile app.
You can easily download Astro Africa’s mobile app on the Google Play Store.
How To Sell Bitcoin On Astro Africa
- Visit the Astro Africa website or download the Mobile App
- Click on check rates.
- Since you are here to check the prices of your Bitcoin, click on the top right of your screen to open the crypto calculator page.
- Select payout wallet, which is Nigerian in this case.
- Select coin, Bitcoin.
- Input the amount of Bitcoin.
- Enter the value of Bitcoin in USD. The least value you can enter here is $20. This also means you can only trade Bitcoin worth $20 and above on Astro Africa.
- Immediately after you input the value of your Bitcoin in dollars, the equivalent in naira will be displayed in the box underneath.
- After calculating the price of your Bitcoin, you can proceed to trade the Bitcoin for naira on Astro Africa at the best rates and get paid immediately.
