Bitcoin (BTC) to Naira (NGN) daily exchange rate for August 2020

bitcoin - naira exchange rateBITCOIN TO NAIRA TODAYS EXCHANGE RATE August 2020

If you are an online investor or marketer or you are working with bitcoin, you might want to know the price of bitcoin daily to know when is the perfect time to buy or sell your bitcoin. This post is an update on the daily naira to bitcoin exchange rate. For those of us who don’t know,

What is Bitcoin?

Bitcoin is a form of E-coin or currency that was created in 2009 by an unknown person using the name Satoshi Nakamoto. Transactions are made with no middle men – meaning, no banks! There are no transaction fees and no need to give your real name. More merchants and online payment systems are beginning to accept them: you can use them to make online payments or buy things online. Bitcoins can be used to buy and sell goods anonymously. In addition, international payments are easy and cheap because bitcoins are not tied to any country or subject to regulation. Small businesses may like them because there are no credit card fees. Some people just buy bitcoins as an investment, hoping that they’ll go up in value. Check Wikipedia for more information on Bitcoin.


1BTC = NGN 967,240

1BTC = 2749 US Dollar

Remember that bitcoin exchange rate fluctuates on hourly or daily basis, do check back everyday to get the latest exchange rate on naira and bitcoin.


How to Get Started with Bitcoin

For you to start using bitcoin for transaction, you will need to create a bitcoin wallet which you can do using Bitx, Coinbase, coinmama and nairaex. Among these, bitx and nairaex supports buying of bitcoins while others and does not support buying of bitcoin yet. After creating bitcoing wallet you can then go ahead and fund your account, after which you can start buying/selling or investing on bitcoins.

Do check back daily to get the latest on Bitcoin to Naira exchange rate, subscribe to get it directly on your mail free of charge, comment if you have anything to add to the above post or that you have any question.

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