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Galaxis to Nigerian Naira Converter and calculator

Convert 1Galaxis (GALAXIS) to Nigerian Naira (NGN) equals ₦ 16.61 | Bitget
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Last updated 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of Galaxis(GALAXIS) to Nigerian Naira(NGN). This is the real-time data. The current conversion shows 1 GALAXIS at a value of 1 GALAXIS for 16.61 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.

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

GALAXIS to NGN conversion rate trend

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In the past 1D, Galaxis has changed +5.18% to NGN. Based on the trend and price charts, Galaxis(GALAXIS) has changed +5.18% to NGN while Nigerian Naira(NGN) has changed % to GALAXIS in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
₦16.61
0.0200% / 0.0320%vip-iconVIP 7
Bybit
₦16.62
0.1000% / 0.1000%
Yes
Last updated 2024/06/24 03:00:16(UTC+0)

How to buy Galaxis

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Verify your identity by entering your personal information and uploading a valid photo ID.
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Buy Galaxis (GALAXIS)
Use a variety of payment options to buy Galaxis on Bitget. We'll show you how.

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

Bitget P2P trading does not currently support direct buying of GALAXIS with NGN. However, you can buy USDT in Bitget P2P trading first, and then buy GALAXIS with USDT via Bitget spot market.
Merchants (trades/completion rate)PriceAmount/limit
Low to high
Payment methods
Zero fees
Action
A
AbdulxchangeVerified Merchant
1573 tradesCompletion rate 99.00%
1491.98 NGN
Amount1.99 USDT
Limit1200 - 66273.75 NGN
Bank Transfer
Buy
G
Gentlesoul_XchangeVerified Merchant
16 tradesCompletion rate 100.00%
1492 NGN
Amount39.55 USDT
Limit59008 - 59008.6 NGN
Bank Transfer
Buy
D
DIGITALSVerified Merchant
12 tradesCompletion rate 92.00%
1492 NGN
Amount1.46 USDT
Limit1200 - 168775.04 NGN
Bank Transfer
Buy
P
Phobia17Golden merchantVerified Merchant
2953 tradesCompletion rate 99.00%
1492 NGN
Amount45.61 USDT
Limit10000 - 139060 NGN
Bank Transfer
Buy
N
Nazy business centreGolden merchantVerified Merchant
2129 tradesCompletion rate 99.00%
1492 NGN
Amount1.33 USDT
Limit1200 - 50921.96 NGN
Bank Transfer
Buy

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

Bitget P2P trading currently does not support direct selling of GALAXIS to NGN. However, you can first exchange GALAXIS 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
2
2munites man Verified Merchant
446 tradesCompletion rate 98.00%
1491.31 NGN
Amount335.24 USDT
Limit300000 - 1237787.3 NGN
Bank Transfer
Sell
V
Value Desk Verified Merchant
48 tradesCompletion rate 98.00%
1491.05 NGN
Amount100000 USDT
Limit1000000 - 75000000 NGN
Bank Transfer
Sell
2
2munites man Verified Merchant
446 tradesCompletion rate 98.00%
1490.82 NGN
Amount830 USDT
Limit300000 - 1237380.6 NGN
Bank Transfer
Sell
D
Dan_Gatan_AnnabiVerified Merchant
138 tradesCompletion rate 99.00%
1490.32 NGN
Amount3751.13 USDT
Limit200000 - 5961280 NGN
Bank Transfer
Sell
A
AliyuPate Verified Merchant
325 tradesCompletion rate 94.00%
1490.3 NGN
Amount7500 USDT
Limit300000 - 11177250 NGN
Bank Transfer
Sell

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

Galaxis to Nigerian Naira is falling this week.
Galaxis's current market price is ₦ 16.61 per GALAXIS, with a total market cap of ₦ 5,374,972,293.88 NGN based on a circulating supply of 323,617,950 GALAXIS. The trading volume of Galaxis has changed by +3.15% (₦ 181,824,006.11 NGN) in the last 24 hours. Last trading day, GALAXIS's trading volume was ₦ 5,772,190,670.28.
Market cap
$3.55M
24h volume
$3.93M
Circulating supply
323.62M GALAXIS

Conversion tables

The exchange rate of Galaxis is decreasing.
1 GALAXIS is currently valued at ₦ 16.61 NGN , which means buying 5 GALAXIS will cost ₦ 83.05 NGN . Similarly, ₦1 NGN can be traded for 0.06021 GALAXIS, and ₦50 NGN can be converted to 3.01 GALAXIS, excluding any platform or gas fees.
The exchange rate of 1 GALAXIS to Nigerian Naira has changed by -3.90% in the last 7 days. In the last 24 hours, the rate has fluctuated by +5.18%, reaching a high of 15.46 NGN and a low of 13.72 NGN . One month ago, the value of 1 GALAXIS was ₦ 24.87 NGN , which represents a -35.51% change from its current value. Over the last year, Galaxis has changed by
+
14.85NGN
, resulting in a change of --% in its value.

GALAXIS to NGN

Amount
03:01 am today
0.5 GALAXIS
8.3
1 GALAXIS
16.61
5 GALAXIS
83.05
10 GALAXIS
166.09
50 GALAXIS
830.45
100 GALAXIS
1,660.9
500 GALAXIS
8,304.5
1000 GALAXIS
16,609.01

NGN to GALAXIS

Amount03:01 am today
0.5NGN0.03010  GALAXIS
1NGN0.06021  GALAXIS
5NGN0.3010  GALAXIS
10NGN0.6021  GALAXIS
50NGN3.01  GALAXIS
100NGN6.02  GALAXIS
500NGN30.1  GALAXIS
1000NGN60.21  GALAXIS
Buy Galaxis for 1 NGN
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Today vs. 24 hours ago

Amount03:01 am today24 hours ago24h change
0.5 GALAXIS$0.005481$0.005237
+5.18%
1 GALAXIS$0.01096$0.01047
+5.18%
5 GALAXIS$0.05481$0.05237
+5.18%
10 GALAXIS$0.1096$0.1047
+5.18%
50 GALAXIS$0.5481$0.5237
+5.18%
100 GALAXIS$1.1$1.05
+5.18%
500 GALAXIS$5.48$5.24
+5.18%
1000 GALAXIS$10.96$10.47
+5.18%

Today vs. 1 month ago

Amount03:01 am today1 month ago1M change
0.5 GALAXIS$0.005481$0.008208
-35.51%
1 GALAXIS$0.01096$0.01642
-35.51%
5 GALAXIS$0.05481$0.08208
-35.51%
10 GALAXIS$0.1096$0.1642
-35.51%
50 GALAXIS$0.5481$0.8208
-35.51%
100 GALAXIS$1.1$1.64
-35.51%
500 GALAXIS$5.48$8.21
-35.51%
1000 GALAXIS$10.96$16.42
-35.51%
Buy Galaxis for 1 NGN
A welcome pack worth 1000 USDT for new Bitgetters!
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Today vs. 1 year ago

Amount03:01 am today1 year ago1Y change
0.5 GALAXIS$0.005481$0.0005794
--
1 GALAXIS$0.01096$0.001159
--
5 GALAXIS$0.05481$0.005794
--
10 GALAXIS$0.1096$0.01159
--
50 GALAXIS$0.5481$0.05794
--
100 GALAXIS$1.1$0.1159
--
500 GALAXIS$5.48$0.5794
--
1000 GALAXIS$10.96$1.16
--

Galaxis price prediction

What will the price of GALAXIS be in 2025?

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

What will the price of GALAXIS be in 2030?

In 2030, the GALAXIS price is expected to rise by -11.00%. By the end of 2030, the GALAXIS price is projected to reach --, with a cumulative ROI of 0.00%.
Buy Galaxis for 1 NGN
A welcome pack worth 1000 USDT for new Bitgetters!
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Buy Galaxis for 1 NGN
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Buy Galaxis for 1 NGN
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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 Galaxis 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 Galaxis 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 Galaxis 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 Galaxis for 1 NGN

A welcome pack worth 1000 USDT for new Bitgetters!

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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.