What is the current exchange rate of Bitcoin to Nigerian Naira in the black market today?
H MDec 26, 2021 · 3 years ago3 answers
Can you provide me with the latest exchange rate between Bitcoin and Nigerian Naira in the black market today? I'm interested in knowing the current value of Bitcoin in Nigerian Naira and how it compares to the official exchange rate. Could you also explain why the black market rate differs from the official rate?
3 answers
- Dec 26, 2021 · 3 years agoSure, the current exchange rate of Bitcoin to Nigerian Naira in the black market today is around 1 BTC = 9,500,000 NGN. Please note that the black market rate may vary and it's always a good idea to check with reliable sources for the most accurate information. The black market rate is usually higher than the official rate due to various factors such as limited supply, high demand, and restrictions on foreign currency exchange. It's important to be cautious when dealing with the black market and consider the risks involved.
- Dec 26, 2021 · 3 years agoYo! The exchange rate of Bitcoin to Nigerian Naira in the black market today is lit! It's like 1 BTC = 9,500,000 NGN. But hey, keep in mind that the black market rate can be volatile and it's not always safe to trade there. The black market rate is higher than the official rate because of the demand for Bitcoin and the limited availability of foreign currency. So, if you're thinking of getting into the black market, be careful and do your research!
- Dec 26, 2021 · 3 years agoAccording to BYDFi, a popular cryptocurrency exchange, the current exchange rate of Bitcoin to Nigerian Naira in the black market today is approximately 1 BTC = 9,500,000 NGN. The black market rate is usually higher than the official rate due to factors such as limited supply and high demand. However, it's important to note that trading in the black market carries certain risks and may not be legal in some jurisdictions. It's always advisable to consult with a financial professional before engaging in any cryptocurrency transactions.
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