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Bitcoin to Bulgarian Lev Converter and calculator

Convert 1Bitcoin (BTC) to Bulgarian Lev (BGN) equals лв 112,253.17 | Bitget

BGN information

About the Bulgarian Lev (BGN)

What Is the Bulgarian Lev (BGN)?

The Bulgarian Lev, abbreviated as BGN and often denoted by the currency sign" лв", is the official currency of Bulgaria. BGN is a fiat currency, which is government-issued currency not backed by a physical commodity but rather by the government that issued it. The name 'lev' means 'lion' in old Bulgarian, symbolizing strength and valor. It is divided into 100 stotinki, reflecting the currency's precision and stability. The Bulgarian Lev is the sole legal tender in Bulgaria, and it is used for all transactions within the country.

The Bulgarian Lev is issued by the Bulgarian National Bank, which is the central bank of Bulgaria. The Bulgarian National Bank is responsible for the issuance and regulation of the nation's currency, as well as overseeing monetary policy and maintaining financial stability in Bulgaria.

What Is the History of BGN?

The lev was introduced in 1881, mirroring the value of the French franc. It underwent various transformations, including changes in its gold and silver backing and its pegging to other currencies like the German Reichsmark and the Soviet ruble. Post-World War II inflation led to the introduction of a new lev in 1952, pegged to the U.S. dollar. Subsequent redenominations in 1962 and 1999 aimed to stabilize the currency amidst fluctuating economic conditions, reflecting the country's efforts to maintain economic stability.

The most recent redenomination in 1999 pegged the lev to the Deutsche Mark, and later to the euro, at a fixed rate of 1.95583 BGN to 1 EUR. Bulgaria's accession to the EU in 2007 and its participation in the ERM II since 2020 are significant steps towards adopting the euro, expected in 2024.

Notes and Coins of BGN

The banknotes are available in denominations of 1, 2, 5, 10, 20, 50, and 100 leva, featuring prominent Bulgarian historical figures and landmarks, symbolizing the nation's pride and history. The coins, known as stotinki, come in smaller denominations of 1, 2, 5, 10, 20, and 50 stotinki, and 1 lev, showcasing intricate designs that often include the Madara Rider, a UNESCO World Heritage Site, and other national symbols.

Is BGN Pegged to EUR?

Yes, the Bulgarian Lev (BGN) is pegged to the Euro (EUR). The peg is set at a fixed exchange rate of 1.95583 BGN to 1 EUR. This fixed rate has been in place since the redenomination of the lev in 1999, when Bulgaria aligned its currency with the Deutsche Mark, which was subsequently replaced by the Euro.

Will Bulgaria Adopt the Euro as Its Currency?

As of January 2024, Bulgaria is on track to adopt the Euro as its official currency. Having joined the European Union in 2007, the country made a significant step by entering the Exchange Rate Mechanism II (ERM II) in July 2020. This is a crucial stage in the process of adopting the Euro, requiring Bulgaria to maintain economic stability and meet the European Union's convergence criteria. The Bulgarian Lev is currently pegged to the Euro, which is a part of aligning Bulgaria's monetary policy with that of the Eurozone. The exact date when Bulgaria will fully adopt the Euro depends on meeting all the necessary economic requirements and obtaining approval from the European Union's institutions.

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Bitget crypto-to-fiat exchange data shows that the most popular Bitcoin currency pair is the BTC to BGN, with for Bitcoin's currency code being BTC. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for BGN.

BTC to BGN conversion rate trend

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In the past 1D, Bitcoin has changed -0.98% to BGN. Based on the trend and price charts, Bitcoin(BTC) has changed -0.98% to BGN while Bulgarian Lev(BGN) has changed % to BTC in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
лв112,136.17
0.0001% / 0.0004%vip-iconVIP
Binance
лв112,152.68
0.1000% / 0.1000%
Yes
Coinbase Exchange
лв112,142.03
0.1000% / 0.1000%
Yes
Kraken
лв112,145.35
0.1000% / 0.1000%
Yes
OKX
лв112,145.53
0.080% / 0.100%
Yes
Huobi
лв112,144.45
0.1000% / 0.1000%
Yes
Gate.io
лв112,158.38
0.1000% / 0.1000%
Yes
Bybit
лв112,121.49
0.1000% / 0.1000%
Yes
KuCoin
лв112,130.11
0.1000% / 0.1000%
Yes
Bitfinex
лв112,000.32
0.1000% / 0.1000%
Yes
Last updated 2024/04/19 02:00:35(UTC+0)

What factors influence the conversion rate of Bitcoin to Bulgarian Lev?

Bitcoin to Bulgarian Lev is falling this week.
Bitcoin's current market price is лв 112,253.17 per BTC, with a total market cap of лв 2,209,883,992,382.21 BGN based on a circulating supply of 19,686,606 BTC. The trading volume of Bitcoin has changed by -9.68% (лв -7,477,084,617.82 BGN) in the last 24 hours. Last trading day, BTC's trading volume was лв 77,219,475,754.36.
Market cap
$1.20T
24h volume
$37.99B
Circulating supply
19.69M BTC

Conversion tables

The exchange rate of Bitcoin is decreasing.
1 BTC is currently valued at лв 112,253.17 BGN , which means buying 5 BTC will cost лв 561,265.87 BGN . Similarly, лв1 BGN can be traded for 0.{5}8908 BTC, and лв50 BGN can be converted to 0.0004454 BTC, excluding any platform or gas fees.
The exchange rate of 1 BTC to Bulgarian Lev has changed by -13.00% in the last 7 days. In the last 24 hours, the rate has fluctuated by -0.98%, reaching a high of 117,721.94 BGN and a low of 111,482.78 BGN . One month ago, the value of 1 BTC was лв 114,675.53 BGN , which represents a -2.11% change from its current value. Over the last year, Bitcoin has changed by
+лв
4,057.04BGN
, resulting in a change of +111.26% in its value.

BTC to BGN

Amount
02:07 am today
0.5 BTC
лв56,126.59
1 BTC
лв112,253.17
5 BTC
лв561,265.87
10 BTC
лв1,122,531.74
50 BTC
лв5,612,658.71
100 BTC
лв11,225,317.43
500 BTC
лв56,126,587.14
1000 BTC
лв112,253,174.28

BGN to BTC

Amount02:07 am today
0.5BGN0.{5}4454  BTC
1BGN0.{5}8908  BTC
5BGN0.{4}4454  BTC
10BGN0.{4}8908  BTC
50BGN0.0004454  BTC
100BGN0.0008908  BTC
500BGN0.004454  BTC
1000BGN0.008908  BTC
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Today vs. 24 hours ago

Amount02:07 am today24 hours ago24h change
0.5 BTC$30,573.37$30,876.91
-0.98%
1 BTC$61,146.73$61,753.82
-0.98%
5 BTC$305,733.67$308,769.08
-0.98%
10 BTC$611,467.34$617,538.16
-0.98%
50 BTC$3,057,336.7$3,087,690.8
-0.98%
100 BTC$6,114,673.4$6,175,381.6
-0.98%
500 BTC$30,573,367$30,876,908
-0.98%
1000 BTC$61,146,734$61,753,816
-0.98%

Today vs. 1 month ago

Amount02:07 am today1 month ago1M change
0.5 BTC$30,573.37$31,233.12
-2.11%
1 BTC$61,146.73$62,466.24
-2.11%
5 BTC$305,733.67$312,331.21
-2.11%
10 BTC$611,467.34$624,662.42
-2.11%
50 BTC$3,057,336.7$3,123,312.1
-2.11%
100 BTC$6,114,673.4$6,246,624.2
-2.11%
500 BTC$30,573,367$31,233,121
-2.11%
1000 BTC$61,146,734$62,466,242
-2.11%

Today vs. 1 year ago

Amount02:07 am today1 year ago1Y change
0.5 BTC$30,573.37$14,468.39
+111.26%
1 BTC$61,146.73$28,936.78
+111.26%
5 BTC$305,733.67$144,683.9
+111.26%
10 BTC$611,467.34$289,367.8
+111.26%
50 BTC$3,057,336.7$1,446,839
+111.26%
100 BTC$6,114,673.4$2,893,678
+111.26%
500 BTC$30,573,367$14,468,390
+111.26%
1000 BTC$61,146,734$28,936,780
+111.26%

FAQ

This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.