How much is $200 Bitcoin in Naira?

Most people are aware that Bitcoin is the most erratic cryptocurrency. A single bitcoin’s value increased significantly from a mere fraction of a penny to $0.09 in 2010, marking the cryptocurrency’s first significant price gain.

The price of bitcoin recently peaked at $63,000 on April 12, 2021, and as of May 18, 2022, it is currently $29,164 (down 4% from the previous day’s price). As a result of this price volatility, cryptocurrency traders have given themselves the knowledge necessary to make decisions about when to buy and sell bitcoin.

The Dart Africa rate calculator can be used to determine the current value of your Bitcoin since prices may have changed from the time this article was written and the time you are reading it. You will always receive the accurate estimate from the rate calculator because it is a fully automated system that gets periodic updates when the price of Bitcoin changes.

Dart Africa; Best Platform to Sell Crypto Currencies For Naira — Bitcoin in Naira

You can effortlessly trade your Bitcoin and other cryptocurrencies for cash on the automated cryptocurrency exchange platform Dart Africa. For Bitcoin trading, we give our customers a fantastic rate. We are well known for having a high cryptocurrency exchange rate. To ensure that our clients are always generating more money, our system automatically adjusts the exchange rate to the best one available on the market. With our exchange rate calculator, you can find out how much your cryptocurrencies are worth.

Our Dart Africa payment process is computerized. Within minutes of validating the cryptocurrency transaction, traders receive paid for their cryptocurrencies in their accounts. It takes only a few minutes for you to collect your money once you manually enter the address or scan the bar code to transmit the cryptocurrency to the designated address.

You benefit from trading with Dart Africa;

At all times, instant payment.Sells for the most money.24/7 helpful client assistance.Logical and user-friendly platform.

How to sell on Dart Africa;

You must have an account with us in order to sell on Dart Africa. Register an account using the proper login information, or sign in if you already have one. An email asking you to confirm your account will be sent to the email address you provided when you register an account.The system will ask you to generate a PIN when you first log in to your account; be sure to select a PIN you can remember. You can withdraw money from your account with this PIN.Click on Sell Coin and enter the information for the cryptocurrency coin. You will see a navigation menu on the left side of your screen.After you click “start trade,” the system will automatically generate a wallet address with a bar code. Send cryptocurrency to this address, and after two block confirmations, money will be deposited into your account. Keep in mind that you can send any amount to the specified wallet address, and the system will credit you for that amount.After payment has been made to your Dart Africa account, click on Withdraw and enter your account information to transfer the money to your mobile money. If you want to verify that the money has been transferred to your Mobile Money account, check your transaction history.

What gives Bitcoin value

Scarcity & Trust

The interplay between demand and supply is the primary source of value for a bitcoin (its limited supply and rising demand). The total number of bitcoins that may be mined is 21, and its supply is designed to be limited. Bitcoins aren’t printed like conventional currency is. They are extracted from the system by mining. For the purpose of approving consensus-based transactions, Bitcoin depends on a decentralized network of independent nodes (Blockchain).

A scarce good or asset may fetch a high price, while one with an endless supply will cost less. Since Bitcoin’s creation, its supply has been declining. 21 million Bitcoins can be created at a fixed rate, and this rate is intended to decrease over time. The supply of Bitcoin will decrease over time since the mining rate decreases by 50% every four years, or every 210,000 blocks.

What occurs after all 21 million Bitcoins are mined, as there will only be that many available? The last Bitcoin is anticipated to be released in 2140 because these tokens are released every block at a declining pace roughly every four years.