The crypto market continues to attract people who are enthusiastic about the potential of cryptocurrencies for moonshot in the long run. This is already evident in popular crypto assets like Bitcoin and Ethereum, which have shown resilience in the bearish market and had bullish runs that yielded maximum gains for investors. Therefore, as people seek to explore crypto trading as one of the best ways to make money online, you may want to know the value of $100 Bitcoin in Nigeria.
Since its launch in 2009 as the premier cryptocurrency, Bitcoin has continued to dominate the crypto space in terms of its value as the most expensive crypto asset. This is owed to its widespread adoption as a payment method and for trade and investment. Hence, increasing the demand for Bitcoin, which in turn makes its price skyrocket.
At the time of writing this article, the price of Bitcoin is about $43,000, with a market cap of over $850 billion. This gives the crypto asset leverage for positive market optimism as it is currently more valuable than gold, which trades at about $2,000 per ounce.
Therefore, Bitcoin trading is a viable and lucrative venture to delve into. But, it starts with understanding the exchange value of BTC in Nigeria – which is having an idea of its equivalent in naira.
How Much Is $100 Bitcoin In Nigeria
The value of $100 Bitcoin in naira currently ranges between N40,000 and N45,000. Bitcoin’s value is not fixed due to its volatility feature – it depends on market forces like the demand for Bitcoin and the global crypto market outlook.
Therefore, it is important to stay informed about the performance of Bitcoin in the market to know its price. Alternatively, there is a Bitcoin rate calculator on Prestmit to give you the real-time value of your BTC in naira equivalent in Nigeria.
Where To Trade Bitcoin In Nigeria
Nigeria is home to many Bitcoin traders, which has led to the proliferation of crypto exchanges in the country. But, one trading platform that has distinguished itself as one of the best to sell Bitcoin in Nigeria is Prestmit. This is an over-the-counter (OTC) digital trading platform that has earned the trust and confidence of Bitcoin traders in Nigeria and Ghana. As such, selling your BTC is made easy on Prestmit!
This platform provides a range of innovative features to give you an excellent trading experience. Some of these include a sleek, user-friendly interface that is quick and easy to navigate and an advanced security system. Others are low transaction fees and fast payment confirmation to make your Bitcoin profitable trading.
How To Sell Bitcoin On Prestmit
Here is the quick step to sell your BTC on Prestmit:
- Visit the official website of Prestmit or download the Prestmit app on the Google Play Store or Apple Store.
- Create a Prestmit account and log in.
- Click “Buy & Sell cryptocurrency” and choose “Sell Cryptocurrency.“
- Choose “Sell Bitcoin” and generate your Prestmit BTC wallet.
- Follow the prompts to sell your Bitcoin.
- You will receive payment immediately after three (3) successive transaction confirmations.
Frequently Asked Questions (FAQs)
Can I Trade My Bitcoin In Nigeria?
Yes, you can trade your Bitcoin in Nigeria. There are many platforms to trade BTC, but you just need to choose the platform that best meets your trading needs. You can trade your Bitcoin on peer-to-peer (P2P) platforms or other exchanges.
Where Can I Sell My Bitcoin For Naira?
I recommend Prestmit as the best place to sell your Bitcoin for naira in Nigeria. The platform provides you with the necessary tools to make your trading seamless. Prestmit offers one of the best BTC rates in Nigeria, including low transaction fees and sophisticated security features to protect your transactions and funds.
How Much Is $1 BTC In Naira Now?
At the time of writing this article, $1 BTC is between N400 and N450. But this rate is subject to change at any time as it is controlled by market forces like demand for Bitcoin and the global crypto market. You can use the Bitcoin rate calculator on Prestmit to know the real-time value of your BTC – guiding you on the rate to sell your BTC.
Conclusion
Bitcoin has a broad spectrum of users that trade or use the crypto asset as a payment method, hence increasing its popularity and market value. This continues to be the point of attracting people to the crypto space, thereby buying Bitcoin and hoping to sell it for profit.
However, it is important to stay atop the price flexibility of Bitcoin to help you decide on when and where to sell your BTC. In this instance, Prestmit is the best platform to sell your Bitcoin as it also provides you with an automated rate calculator to know the value of your Bitcoin in Nigeria.
