Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
base info Gaimin

Gaimin to Nigerian Naira Converter and calculator

Convert 1Gaimin (GMRX) to Nigerian Naira (NGN) equals ₦ 3.38 | Bitget
GMRX
GMRX
swap
NGN
Last updated 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
Want to display this on your website?
Bitget converter offers real-time exchange rates, allowing for easy conversion of Gaimin(GMRX) to Nigerian Naira(NGN). This is the real-time data. The current conversion shows 1 GMRX at a value of 1 GMRX for 3.38 NGN . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.

NGN information

About the Nigerian Naira (NGN)

What Is the Nigerian Naira (NGN)?

The Nigerian Naira is the official currency of Nigeria, a country in West Africa. The Naira is symbolized by ₦ and has the currency code NGN. One Naira is divided into 100 Kobo. As Africa's largest economy, Nigerian Naira plays a crucial role both domestically and in the African financial landscape. The Nigerian Naira is the sole legal tender in Nigeria, and it is used for all transactions within the country.

The Nigerian Naira is issued by the Central Bank of Nigeria (CBN), which is the sole issuer of legal tender money throughout the Federal Republic of Nigeria. The CBN is responsible for the design, production, and distribution of the currency, as well as for implementing monetary policy and maintaining the value of the Naira.

What Is the History of NGN?

The Nigerian Naira, introduced on January 1, 1973, marked a significant milestone in Nigeria's economic history, replacing the Nigerian pound at a rate of 2 Naira for 1 pound. This transition signified Nigeria's shift from the British pound sterling to a distinct and independent decimal currency system. The name 'Naira' was derived from 'Nigeria', symbolizing the nation's sovereignty in monetary matters. The initial series of banknotes and coins were the first to be issued by an independent Nigeria, with the coins being the last to feature Queen Elizabeth II, reflecting the country's colonial history.

Notes and Coins of NGN

The Nigerian Naira (NGN) comprises a variety of coins and banknotes, each with distinct values and designs. Coins in circulation include denominations of 50 Kobo, 1 Naira, and 2 Naira. Banknotes are issued in denominations of ₦5, ₦10, ₦20, ₦50, ₦100, ₦200, ₦500, and ₦1000.

What Is eNaira?

The eNaira is the first African central bank digital currency (CBDC). Launched on October 25, 2021, by President Muhammadu Buhari, the eNaira is issued and regulated by the Central Bank of Nigeria (CBN). It operates as a legal tender, just like physical Naira, but in a digital form, maintaining a one-to-one value with the traditional Naira. The eNaira aims to enhance financial inclusion, improve payment efficiency, and facilitate seamless cross-border transactions. It operates on a blockchain network, allowing peer-to-peer transactions without intermediaries, distinguishing itself from decentralized cryptocurrencies like Bitcoin by running on a private blockchain controlled by the CBN. Users access the eNaira through digital wallets, with transactions promising speed, reduced costs, and increased convenience.

Is NGN Pegged to GBP?

No, the Nigerian Naira (NGN) is not pegged to the British Pound Sterling (GBP). The Naira operates on a floating exchange rate system, where its value is determined by market forces based on supply and demand in the foreign exchange market.

Historically, Nigeria used the British Pound Sterling during its time as a British colony and for some years after gaining independence. However, in 1973, Nigeria introduced the Naira to replace the Pound Sterling and established its own monetary system. Since then, the Naira has not been pegged to the Pound Sterling or any other foreign currency but has been subject to fluctuations in the international currency markets.

Is NGN a Stable Currency?

The Nigerian Naira (NGN) has historically faced challenges regarding stability. The Naira had been experiencing significant fluctuations, largely due to factors such as political instability, economic challenges, and fluctuations in oil prices, which is a major revenue source for Nigeria. For instance, in 2021, the official exchange rate of the Naira to the US Dollar was around 380 NGN to 1 USD, while the parallel market rate was much higher, around 475 NGN to 1 USD. In June 2023, the Naira fell 23% in a day to a rate of ₦600 to US$1. This discrepancy indicates ongoing challenges in achieving currency stability.

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

GMRX to NGN conversion rate trend

1D7D1M3M1YAll
In the past 1D, Gaimin has changed -4.87% to NGN. Based on the trend and price charts, Gaimin(GMRX) has changed -4.87% to NGN while Nigerian Naira(NGN) has changed % to GMRX in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
₦3.33
0.0200% / 0.0320%vip-iconVIP 7
Gate.io
₦3.38
0.1000% / 0.1000%
Yes
Bybit
₦3.36
0.1000% / 0.1000%
Yes
KuCoin
₦3.37
0.1000% / 0.1000%
Yes
Last updated 2024/06/25 03:00:20(UTC+0)

How to buy Gaimin

buy-coin-step-0-img
Create Your Free Bitget Account
Sign up on Bitget with your email address/mobile phone number and create a strong password to secure your account.
buy-coin-step-1-img
Verify Your Account
Verify your identity by entering your personal information and uploading a valid photo ID.
buy-coin-step-2-img
Buy Gaimin (GMRX)
Use a variety of payment options to buy Gaimin on Bitget. We'll show you how.

Buy GMRX (or USDT) for NGN (Nigerian Naira) offers

Bitget P2P trading does not currently support direct buying of GMRX with NGN. However, you can buy USDT in Bitget P2P trading first, and then buy GMRX with USDT via Bitget spot market.
Merchants (trades/completion rate)PriceAmount/limit
Low to high
Payment methods
Zero fees
Action
R
Rowell_08Verified Merchant
19 tradesCompletion rate 76.00%
1493 NGN
Amount53.07 USDT
Limit79230 - 79233.51 NGN
Bank Transfer
Buy
m
mdtechVerified Merchant
3159 tradesCompletion rate 99.00%
1493.5 NGN
Amount247.82 USDT
Limit10000 - 370119.17 NGN
Bank Transfer
Buy
A
A2S Exchange Verified Merchant
560 tradesCompletion rate 98.00%
1493.95 NGN
Amount282.49 USDT
Limit50000 - 622021.02 NGN
Bank Transfer
Buy
y
yakxharoonVerified Merchant
1771 tradesCompletion rate 100.00%
1494 NGN
Amount54.5 USDT
Limit1200 - 91417.86 NGN
Bank Transfer
Buy
D
Dibramovic9Verified Merchant
268 tradesCompletion rate 99.00%
1494 NGN
Amount30.4 USDT
Limit45415 - 45417.6 NGN
Bank Transfer
Buy

Sell GMRX (or USDT) for NGN (Nigerian Naira) offers

Bitget P2P trading currently does not support direct selling of GMRX to NGN. However, you can first exchange GMRX for USDT in the Bitget spot market, and then sell USDT to NGN in Bitget P2P trading.
Merchants (trades/completion rate)PriceAmount/limit
High to low
Payment methods
Zero fees
Action
S
Sylvic Worl111Verified Merchant
460 tradesCompletion rate 99.00%
1492.6 NGN
Amount5100 USDT
Limit700000 - 10448200 NGN
Bank Transfer
Sell
F
Faisee1Verified Merchant
16 tradesCompletion rate 94.00%
1492.1 NGN
Amount3000 USDT
Limit300000 - 4476300 NGN
Bank Transfer
Sell
M
M - S - NASRIVerified Merchant
374 tradesCompletion rate 98.00%
1492.1 NGN
Amount100000 USDT
Limit500000 - 75000000 NGN
Bank Transfer
Sell
D
DIGITAL _FOCUS Verified Merchant
792 tradesCompletion rate 98.00%
1492.08 NGN
Amount100000 USDT
Limit200000 - 75000000 NGN
Bank Transfer
Sell
M
M - S - NASRIVerified Merchant
374 tradesCompletion rate 98.00%
1492.06 NGN
Amount100000 USDT
Limit500000 - 75000000 NGN
Bank Transfer
Sell

What factors influence the conversion rate of Gaimin to Nigerian Naira?

Gaimin to Nigerian Naira is falling this week.
Gaimin's current market price is ₦ 3.38 per GMRX, with a total market cap of ₦ 22,443,440,459.32 NGN based on a circulating supply of 6,634,129,400 GMRX. The trading volume of Gaimin has changed by +176.17% (₦ 696,117,263.76 NGN) in the last 24 hours. Last trading day, GMRX's trading volume was ₦ 395,146,008.4.
Market cap
$14.81M
24h volume
$720.31K
Circulating supply
6.63B GMRX

Conversion tables

The exchange rate of Gaimin is decreasing.
1 GMRX is currently valued at ₦ 3.38 NGN , which means buying 5 GMRX will cost ₦ 16.92 NGN . Similarly, ₦1 NGN can be traded for 0.2956 GMRX, and ₦50 NGN can be converted to 14.78 GMRX, excluding any platform or gas fees.
The exchange rate of 1 GMRX to Nigerian Naira has changed by -16.92% in the last 7 days. In the last 24 hours, the rate has fluctuated by -4.87%, reaching a high of 3.44 NGN and a low of 3.26 NGN . One month ago, the value of 1 GMRX was ₦ 7.46 NGN , which represents a -55.57% change from its current value. Over the last year, Gaimin has changed by
+
3.25NGN
, resulting in a change of --% in its value.

GMRX to NGN

Amount
04:41 am today
0.5 GMRX
1.69
1 GMRX
3.38
5 GMRX
16.92
10 GMRX
33.83
50 GMRX
169.15
100 GMRX
338.3
500 GMRX
1,691.51
1000 GMRX
3,383.03

NGN to GMRX

Amount04:41 am today
0.5NGN0.1478  GMRX
1NGN0.2956  GMRX
5NGN1.48  GMRX
10NGN2.96  GMRX
50NGN14.78  GMRX
100NGN29.56  GMRX
500NGN147.8  GMRX
1000NGN295.59  GMRX
Buy Gaimin for 1 NGN
A welcome pack worth 1000 USDT for new Bitgetters!
Buy Gaimin now

Today vs. 24 hours ago

Amount04:41 am today24 hours ago24h change
0.5 GMRX$0.001117$0.001172
-4.87%
1 GMRX$0.002233$0.002343
-4.87%
5 GMRX$0.01117$0.01172
-4.87%
10 GMRX$0.02233$0.02343
-4.87%
50 GMRX$0.1117$0.1172
-4.87%
100 GMRX$0.2233$0.2343
-4.87%
500 GMRX$1.12$1.17
-4.87%
1000 GMRX$2.23$2.34
-4.87%

Today vs. 1 month ago

Amount04:41 am today1 month ago1M change
0.5 GMRX$0.001117$0.002461
-55.57%
1 GMRX$0.002233$0.004921
-55.57%
5 GMRX$0.01117$0.02461
-55.57%
10 GMRX$0.02233$0.04921
-55.57%
50 GMRX$0.1117$0.2461
-55.57%
100 GMRX$0.2233$0.4921
-55.57%
500 GMRX$1.12$2.46
-55.57%
1000 GMRX$2.23$4.92
-55.57%
Buy Gaimin for 1 NGN
A welcome pack worth 1000 USDT for new Bitgetters!
Buy Gaimin now

Today vs. 1 year ago

Amount04:41 am today1 year ago1Y change
0.5 GMRX$0.001117$0.{4}4239
--
1 GMRX$0.002233$0.{4}8478
--
5 GMRX$0.01117$0.0004239
--
10 GMRX$0.02233$0.0008478
--
50 GMRX$0.1117$0.004239
--
100 GMRX$0.2233$0.008478
--
500 GMRX$1.12$0.04239
--
1000 GMRX$2.23$0.08478
--

Gaimin price prediction

What will the price of GMRX be in 2025?

Based on GMRX's historical price performance prediction model, the price of GMRX is projected to reach -- in 2025.

What will the price of GMRX be in 2030?

In 2030, the GMRX price is expected to rise by -3.00%. By the end of 2030, the GMRX price is projected to reach --, with a cumulative ROI of 0.00%.
Buy Gaimin for 1 NGN
A welcome pack worth 1000 USDT for new Bitgetters!
Buy Gaimin now

Bitget Earn

A safe, convenient, and professional platform to maximize your crypto asset profits.
Coin

APR

Action
Buy Gaimin for 1 NGN
A welcome pack worth 1000 USDT for new Bitgetters!
Buy Gaimin now
Buy Gaimin for 1 NGN
A welcome pack worth 1000 USDT for new Bitgetters!
Buy Gaimin now

Latest coin listings on Bitget

New listings

FAQ

What is a cryptocurrency calculator?
A cryptocurrency calculator enables users to convert various digital currencies into different world currencies according to the current exchange rate.
How does a cryptocurrency calculator work?
A cryptocurrency calculator fetches real-time values from digital currency exchange markets to convert between Gaimin and NGN.
How accurate is a cryptocurrency calculator?
Cryptocurrency calculators are generally highly accurate as they track real-time data from cryptocurrency markets, such as Gaimin and NGN. However, due to the high volatility of the cryptocurrency market, rates can fluctuate rapidly.
Can I trust the results of a cryptocurrency calculator?
While cryptocurrency calculators can provide a good starting point, remember that there might be slight differences in real-time trading due to factors such as time delay and trading platform discrepancies.
Can I use a cryptocurrency calculator for tax purposes?
Cryptocurrency calculators are useful for tax information, like coin values at given times. However, it's better to use tax-specific software or a professional for accurate reporting. Bitget Academy is a useful guide for cryptocurrency taxes, covering tax procedures, crypto transactions, effective planning, and different tax tools. Bitget prioritizes user experience, especially in optimizing tax management. With Advanced API and collaborations like Koinly, Bitget provides a smart, accessible platform for cryptocurrency trade and tax responsibilities.
Can a cryptocurrency calculator be used to convert one type of cryptocurrency to another?
If you want to know the value of Gaimin in NGN, cryptocurrency calculators can help you. But if you want to compare the worth of two different cryptocurrencies, you can use Bitget Convert. This tool simplifies the process of cryptocurrency conversion by allowing you to avoid multiple transactions or frequent transfers between wallets and exchanges. With Bitget Convert, you can seamlessly convert your cryptocurrencies in a user-friendly way.

Buy Gaimin for 1 NGN

A welcome pack worth 1000 USDT for new Bitgetters!

Buy Gaimin now
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.