How to Calculate BTC to Dollar And To Naira.

[Youngrebel]

It is very simple and all what you need to do is to know the current price of bitcoin times the unit of bitcoin you have and that will will give you di amount in dollar rate you have and you times the dollar you don get from the above to the current dollar and naira exchange rate and you go get the amount in Naira. Example.
I have 0.006 BTC.

The current price of bitcoin is 1 BTC = $116,480 so this my calculation.

$116,480 X 0.006 BTC = $698.88

$698.88 is amount in dollar I got from the 0.006 BTC. Now I want to calculate the $698.88 and know how much I got in Naira from the O.006 BTC which I have already gotten in dollar rate.

$698.88 X N1539 = N1,075,576.32

N1539 is the current exchange in naira to dollar so if you times it with the $698.88, you go get N1,075,576.32 as naira which is your money you get from the 0.006 BTC.

Any amount of bitcoin you get calculate it with the current amount of bitcoin you go get the total amount of dollar you get and you calculate the dollar you get to di current local exchange rate and you go see the amount you get in naira from the bitcoin you get.

If you don't understand ask here

[Zaguru12]

Although this varies depending on the exchange rate your using it the exchange rate for bitcoin but there are many aggregators that you can use to do this without calculating it manually. One of the most common aggregators for this which I use most often is the CoinGecko aggregator which can directly calculate your bitcoin value to its equivalent in Naira.

Go to CoinGecko app, click on bitcoin and scroll to where the first image below his, change the add the number of bitcoin and change currency to NGN both by clicking each option and you get your equivalent. Much easier but remember exchange rates varies.

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[Ambatman]

Don't get me wrong but I think this is basic math something majority should be able to tackle.
Especially ones that can surf the web and hold a conversation online.


How about adding the reversal too? Since we deal on naira
Converting it to dollar and the unit of Bitcoin (satoshi) you can get.
So like how much naira would give you an amount of Bitcoin. It could help elaborate more on your point.

[Callido]

Don't get me wrong but I think this is basic math something majority should be able to tackle.
Especially ones that can surf the web and hold a conversation online.

I received notification while on my mobile, i felt the same way that it doesn't require logic to convert BTC to USDT or USDT to NGN.

It's kind of a lonely part for anyone not understanding basic conversion once they know the rate trading at.

Nevertheless, we've seen wonders from newbies asking questions - let the thread stand to address those questions.

[Josefjix]

In addition to what OP is explaining, and in reversing the calculation from Naira to Bitcoin, here should be the simple calculation.

If I want to convert #50,000 to Bitcoin, how much quantity of Bitcoin will I have,

First divide the 50k by the current Nigeria rate to dollar, that's
50,000/1539 = $32.488

Then divide the dollar value again by the current market value of Bitcoin, that is
32.488/116,480 =0.0002789 BTC

So the amount of 50k to Bitcoin is 0.0002789BTC
Summary, when calculating from Bitcoin to Naira, use multiplication ✖️
When calculating from Naira to Bitcoin, use division ➗

[CryptoHeadlineNews]

Example.
I have 0.006 BTC.

The current price of bitcoin is 1 BTC = $116,480 so this my calculation.

$116,480 X 0.006 BTC = $698.88

$698.88 is amount in dollar I got from the 0.006 BTC. Now I want to calculate the $698.88 and know how much I got in Naira from the O.006 BTC which I have already gotten in dollar rate.

$698.88 X N1539 = N1,075,576.32

This is actually an old fashioned way of calculating the value of the amount of Bitcoin to our Nigerian Naira fiat currency. Of which I'm 100% sure nobody stress themselves to calculating this manually the way you just did at O.P, because Zaguru12 just gave reference to CoinGecko inbuilt Crypto calculator on its web page for checking this. Bitget also has this same feature which can be easily access on your browser for easy checking of crypto current price to Naira too. So this is literally an old fashioned way, which I'm pretty sure nobody has strength to stress themselves again to calculate this manually since the value of crypto fluctuates  .

[Youngrebel]

Nevertheless, we've seen wonders from newbies asking questions - let the thread stand to address those questions.

Not only newbies but also old members. Well what I calculated here is the best way without internet connection. But if those who said using app or sites to do the calculation is the best so be it. But I prefer using this method. And one thing I discovered, the matter how the thread is informative there must be an opposition.
But I still strongly believe this is the best method even though you are not online.

[Joy_learns_crypto]

You should note that the value of the dollar to Naira is constantly changing and also the value of dollar to Naira can be different from exchange as to what it is on let’s say Naira rate or other source you can get the dollar to Naira rate.
Although wallet like electrum and even exchange like bybite amongst others can show you the value of your bitcoin in US dollars and some other Fiat currencies.

[Asiska02]

This is not actually something hard to get as you can get it done using different methods. One of the methods you can access to give you fast result is searching it up on Google, it’ll immediately give you the equivalent of BTC to Naira in the market that day. I don’t know which exchange price they look up to get the exact figure they use, but that shouldn’t vary much with other exchanges since the price is always volatile. A simple search like this below on Google can give you the conversion rate from BTC to Naira, BTC to Dollar and vice versa.

[Samlucky O]

Surely you have tried to bring up this idea, expecialy for those newbie wey never understand how to calculate this thing, but as for those of us wey be old members, we know how the calculations dey be. But I believe this go go a long way for those wey no understand how this calculations dey be. Except say na old person too wey never still know am, if not e sopos don be ABC for everybody here.

[Youngrebel]

Surely you have tried to bring up this idea, expecialy for those newbie wey never understand how to calculate this thing, but as for those of us wey be old members, we know how the calculations dey be. But I believe this go go a long way for those wey no understand how this calculations dey be. Except say na old person too wey never still know am, if not e sopos don be ABC for everybody here.

Exactly, when I first came to the forum or let me say when I first know cryptocurrency I don't know how to calculate my bitcoin to naira value so it was a friend of mind who always show me how to do am and today I am and expert of that and since I don know am nai make I bring not the public for those who never know am before to know.
And people always bring other ways which we can use to calculate am but I like my method because I can do am with internet and once I know my bitcoin unit, I go straight to the calculator and start calculating to get my BTC value in dollar and from the dollar in calculate am to naira.

[GPVibes]

Example.
I have 0.006 BTC.

Another way is to knack that figure inside crypto calculator, it will reflect the value in usdt, eth or BNB depending on the crypto it has but you must see usdt, and you just simply multiply it with your dollar/naira rate at the time.

For example currently as I'm writing, 0.006 btc is $696 and (usdt) on the calculator. So you just calculate $696 x naira to dollar rate (1,500 depending on the rate), you get your btc value.

For me I prefer the crypto calculator because you also see the value of your btc in other cryptocurrency like BNB, eth

You can download the crypto calculator on play store.

[WhoYouCantKill]

This explanation is quite clear.
It shows the process as simply: Amount of Bitcoin × Bitcoin current price to equals the value in dollars,  afterwards it continues, dollars × exchange rate currently to equals the value in naira. So long you make use of the very current or latest BTC price and correct exchange rate, you are bound to be right in your calculations.

[Tonimez]

It is good to know how to calculate your bitcoin down to your local currency which is naira in this case. Also, I will like to advise that you don't get attached to your calculator always trying to establish how much you have daily, this could lead you into making some unwise decisions that may ruin your bitcoin stash by either making you sell off your bitcoin prematurely with the feeling that you've accumulated enough fiat in bitcoin already.

One important aspect of knowing how to calculate your bitcoin to dollar and to Naira is that it helps you to set your DCA allocation based on fiat money since I know that majority of people in Nigeria earns in naira. This calculator would allow you set your price down to Naira. Let's say you do a job where you earn #250,000 monthly which is about $167. You may choose to be investing #20,000 into bitcoin monthly DCA. By this calculator, you would know that you are investing about $13.37 into bitcoin monthly which is equivalent to 0.0001 Bitcoin monthly. It's a useful tool especially during the accumulation stage.

[Man of peace]

I really appreciate you all for this thread,you people are doing a very wonderful thing here, you all are indeed helping us to grow in wisdom and understanding, honestly I didn't know how to do this before now,I  just come across this topic.i think I'm understanding it little by little,but please i have some questions to ask, what is unit all about? please someone should help me to explain more about the word unit in a Bitcoin and how i can identify the unit whenever I come across it.

[Hewlet]

please i have some questions to ask, what is unit all about? please someone should help me to explain more about the word unit in a Bitcoin and how i can identify the unit whenever I come across it.

There's nothing to be worried about and there's certainly nothing too confusing about the relationship between bitcoin, the USDT and the naira which you're asking.

In the basic term, bitcoin is the main asset in question with it value being compared to that of the USDT. That means that regardless of the volatility of bitcoin, it equivalence to the USDT is always given at every instance. In most if not all exchanges, as the value of bitcoin changes, if you have an asset in that exchange it equivalent in dollar displays on your Ballance. For the naira rate, you can always check it out via the P2P option in an exchange to know the current rate and multiply it by the value of your USDT which will give you the resultant equivalent of your BTC in naira.

If BTC is $120k  at the time you bought it and you bought like $300 worth of BTC, as the price of BTC goes up, it equivalent in USDT goes up and when it price comes down, it's equivalent in USDT comes down. The comparison of the exchange rate of BTC to USDT or naira is only relevant when you want to sell your asset and want to know what you're going to receive in naira.

[Callido]

I  just come across this topic.i think I'm understanding it little by little,but please i have some questions to ask, what is unit all about? please someone should help me to explain more about the word unit in a Bitcoin and how i can identify the unit whenever I come across it.

The smallest unit of bitcoin is in satoshi, 100 million satoshi makes up 1 bitcoin.

People don't write down bitcoin in satoshi, the common way is in BTC conversion, you convert btc to usd, example 0.01BTC to USD.

Other units of bitcoin includes SAT, mBTC, μBTCf and actual BTC.

[Youngrebel]

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Please can you indicate the website you used so we can also check am out. Thanks.

You should note that the value of the dollar to Naira is constantly changing and also the value of dollar to Naira can be different from exchange as to what it is on let’s say Naira rate or other source you can get the dollar to Naira rate.
Although wallet like electrum and even exchange like bybite amongst others can show you the value of your bitcoin in US dollars and some other Fiat currencies.

That is why it is good to check the price in the international market first before doing the calculation. You don't start to calculate when you have bitcoin. You can calculate your bitcoin to dollar and keep it total and go and check the current price of $/NGN them you calculate the dollar to naira to get your final answer. There is no big deal on this matter.

[Zaguru12]

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Please can you indicate the website you used so we can also check am out. Thanks.

This is from CoinGecko but I used the application most often except I am looking for some extra data on their API that I search using the url. The currency conversion is usually corresponding to the updated rate for naira, so no need looking for usd to naira conversion, it actually tells you the rate at that time but will have slight difference from other exchanges that you might be using because this platform actually aggregates all the data from other top exchanges and go for the average. But it is very close to the exact price or rate that the market is at then

[DiMarxist]

This is from CoinGecko but I used the application most often except I am looking for some extra data on their API that I search using the url. The currency conversion is usually corresponding to the updated rate for naira, so no need looking for usd to naira conversion, it actually tells you the rate at that time but will have slight difference from other exchanges that you might be using because this platform actually aggregates all the data from other top exchanges and go for the average. But it is very close to the exact price or rate that the market is at then

CoinGecko and coinbase weti dem dey do sef? I think say dem be decentralized exchanges but when I dey enter di di sites, I no dey understand dem. mostly di coingecko nothing come out, i dont know how dem dey use am. I think say I go fit buy and sell coins but nothing like dat. no p2p. you know say na p2p we dey find.