Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy

DEFX to NGN Converter and calculator

DEFX/NGN: 1 DEFX = 41.65 NGN. The price of converting 1 DeFinity (DEFX) to Nigerian Naira (NGN) is 41.65 NGN today.
DEFX
DEFX
NGN
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
Want to display this on your website?
Bitget converter provides DEFX to NGN real-time exchange rates, making it easy to convert DeFinity (DEFX) to Nigerian Naira (NGN). The conversion result is based on real-time data. The conversion result shows that 1 DEFX is currently valued at 41.65 NGN. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 DEFX is currently valued at 41.65 NGN, which means buying 5 DEFX would cost 208.27 NGN. Similarly, ₦1 NGN can be converted to 0.02401 DEFX, and ₦50 NGN can be converted to 0.1200 DEFX, excluding any platform or gas fees.

Convert DEFX to NGN

Convert NGN to DEFX

DeFinity
Nigerian Naira
50 DEFX
2,082.67  NGN
100 DEFX
4,165.34  NGN
200 DEFX
8,330.67  NGN
500 DEFX
20,826.69  NGN
1000 DEFX
41,653.37  NGN
5000 DEFX
208,266.86  NGN
10000 DEFX
416,533.72  NGN
In the table above, you'll find a comprehensive DEFX to NGN converter that shows the value of DeFinity in Nigerian Naira across commonly used conversion amounts. The list covers conversions from 1 DEFX to NGN, all the way up to 10000 DEFX, providing a clear view of their respective values.
Nigerian Naira
DeFinity
50000 NGN
1,200.38 DEFX
100000 NGN
2,400.77 DEFX
In the table above, you'll find a comprehensive NGN to DEFX converter that shows the value of Nigerian Naira in DeFinity across commonly used conversion amounts. The list covers conversions from 1 NGN to DEFX, all the way up to 100000 NGN, providing a clear view of their respective values.

DEFX to NGN chart

DEFX/NGN: 1 DEFX = 41.65 NGN; 2025/05/05 14:32:46
In the past 1D, DeFinity has changed -0.27% to NGN. Based on the trend and price charts, DeFinity(DEFX) has changed -0.27% to NGN while Nigerian Naira(NGN) has changed % to DEFX in the last 24 hours.
1D7D1M3M1YAll

DEFX to NGN conversion data: Volatility and price changes of DeFinity in NGN

The highest DeFinity price in NGN over the past 7 days was 43.77 NGN while the lowest DeFinity price in NGN over the past 7 days was 38.26 NGN. The relative change between the highs and lows in DeFinity price in NGN over the last 7 days indicates a volatility of %. You can view additional volatility data and DEFX to NGN prices for the past 24 hours, 30 days, and 90 days in the table above.
Last 24 hoursLast 7 daysLast 30 daysLast 90 days
High
42.14 NGN
43.77 NGN
46.55 NGN
50.86 NGN
Low
40.86 NGN
38.26 NGN
24.23 NGN
21.81 NGN
Average
0 NGN
0 NGN
0 NGN
0 NGN
Volatility
%
%
%
%
Change
-0.27%
+0.64%
+45.07%
-19.52%

DeFinity information

DEFX to NGN market statistics

DEFX/NGN:
₦41.65
DEFX 24h volume:
₦14,884.09
DEFX market cap:
--
DEFX circulating supply:
0 DEFX

Current DEFX to NGN exchange rate

DeFinity to Nigerian Naira is rising this week.
DeFinity's current market price is ₦41.65 per DEFX, with a total market cap of ₦0 NGN based on a circulating supply of -- DEFX. The trading volume of DeFinity has changed by -99.43% (₦-2,616,674.08 NGN) in the last 24 hours. Last trading day, DEFX's trading volume was ₦2,631,558.17.

More info about DeFinity on Bitget

Nigerian Naira 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.

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

Popular conversions

popular info bitcoin
BTC to USD
1 BTC to 94466.55 USD
popular info ethereum
ETH to USD
1 ETH to 1804.79 USD
popular info ripple
XRP to USD
1 XRP to 2.15 USD
popular info solana
SOL to USD
1 SOL to 143.33 USD
popular info bitcoin
BTC to EUR
1 BTC to 83215.59 EUR
popular info bitcoin
BTC to GBP
1 BTC to 70916.04 GBP
popular info bitcoin
BTC to CAD
1 BTC to 130382.74 CAD
popular info bitcoin
BTC to BRL
1 BTC to 541794.03 BRL
popular info bitcoin
BTC to INR
1 BTC to 7963133.83 INR
popular info pi-network
PI to INR
1 PI to 49.79 INR

Hot promotions

How to convert DEFX to NGN

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
Convert DEFX to NGN
Choose from cryptocurrencies to trade on Bitget.

Buy

Sell

Buy DEFX (or USDT) for NGN (Nigerian Naira) offers
Bitget P2P trading does not currently support direct buying of DEFX with NGN. However, you can buy USDT in Bitget P2P trading first, and then buy DEFX with USDT via Bitget spot market.
Merchants (trades/completion rate)PriceAmount/limit
Low to high
Payment methods
Zero fees
Action
No matching ads found.

Popular DeFinity Converter

popular info New Taiwan dollar
DEFX to TWD
1 DEFX to NT$0.7534 TWD
popular info Chinese Yuan
DEFX to CNY
1 DEFX to ¥0.1877 CNY
popular info United States Dollar
DEFX to USD
1 DEFX to $0.02593 USD
popular info Euro
DEFX to EUR
1 DEFX to €0.02284 EUR
popular info Canadian Dollar
DEFX to CAD
1 DEFX to C$0.03579 CAD
popular info Nigerian Naira
DEFX to NGN
1 DEFX to ₦41.65 NGN
popular info South Korean Won
DEFX to KRW
1 DEFX to ₩35.48 KRW
popular info Japanese Yen
DEFX to JPY
1 DEFX to ¥3.73 JPY
popular info Pound Sterling
DEFX to GBP
1 DEFX to £0.01947 GBP
popular info Brazilian Real
DEFX to BRL
1 DEFX to R$0.1487 BRL

Popular cryptocurrencies to NGN

other assets Bitcoin
BTC to NGN
1 BTC to ₦151,231,101.26 NGN
other assets Sui
SUI to NGN
1 SUI to ₦5,553.92 NGN
other assets Ethereum
ETH to NGN
1 ETH to ₦2,902,716.69 NGN
other assets Litecoin
LTC to NGN
1 LTC to ₦141,085.44 NGN
other assets Solana
SOL to NGN
1 SOL to ₦232,683.19 NGN
other assets XRP
XRP to NGN
1 XRP to ₦3,436.29 NGN
other assets New XAI gork
gork to NGN
1 gork to ₦92.73 NGN
other assets Virtuals Protocol
VIRTUAL to NGN
1 VIRTUAL to ₦2,731.67 NGN
other assets Dogecoin
DOGE to NGN
1 DOGE to ₦273.98 NGN
other assets aixbt
AIXBT to NGN
1 AIXBT to ₦295.36 NGN

DEFX to NGN Conversion tables

The exchange rate of DeFinity is increasing.
The exchange rate of 1 DEFX to Nigerian Naira has changed by +0.64% in the last 7 days. In the last 24 hours, the rate has fluctuated by -0.27%, reaching a high of 42.14 NGN and a low of 40.86 NGN . One month ago, the value of 1 DEFX was ₦28.72 NGN , which represents a +45.07% change from its current value. Over the last year, DeFinity has changed by
-
18.98NGN
, resulting in a change of -31.31% in its value.
24 hours ago1 month ago1 year ago
Amount14:32 today24 hours ago24h change
0.5 DEFX₦20.83₦20.88
-0.27%
1 DEFX₦41.65₦41.77
-0.27%
5 DEFX₦208.27₦208.84
-0.27%
10 DEFX₦416.53₦417.68
-0.27%
50 DEFX₦2,082.67₦2,088.39
-0.27%
100 DEFX₦4,165.34₦4,176.78
-0.27%
500 DEFX₦20,826.69₦20,883.89
-0.27%
1000 DEFX₦41,653.37₦41,767.78
-0.27%

DEFX to NGN FAQ

How much is 1 DeFinity in NGN?
Right now, the price of 1 DeFinity (DEFX) in Nigerian Naira (NGN) is ₦41.65.
How much DEFX can I buy for 1 NGN?
Based on the current exchange rate, you can get 0.02401 DEFX for 1 NGN.
How do I calculate or convert DEFX to NGN?
You can use our DEFX to NGN calculator at the top of this page to convert any amount of DEFX to NGN. We've also included quick-reference tables for the most popular conversions. For example, 5 NGN is equivalent to 0.1200 DEFX, while 5 DEFX will cost around 208.27NGN.
What is the highest price of DEFX/NGN in history?
The all-time high price of 1 DEFX in NGN is ₦2,879.04. It remains to be seen if the value of 1 DEFX/NGN will exceed the current all-time high.
What is the price trend of DeFinity in NGN?
Over the past 7 days, the exchange rate of DeFinity (DEFX) has gone up by 0.64%.   Over the last month, the exchange rate of DeFinity (DEFX) has gone up by 45.07% against Nigerian Naira (NGN).

What factors influence the conversion rate of DEFX to NGN?

There are many factors that affect the relationship between DeFinity and Nigerian Naira, spanning multiple dimensions such as macroeconomic trends, policy regulation, and technological innovation. Specifically, the following key factors play an important role:
Market sentiment:Investor sentiment and confidence have a significant impact on the dynamics of DEFX/NGN. When there is positive news in the market about the widespread adoption of DEFX or major technological breakthroughs, it tends to trigger market optimism and drive the rise of DEFX/NGN. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in DEFX/NGN.
Regulatory environment:Government policies and regulations surrounding cryptocurrencies have a direct impact on their acceptance, which in turn determines their value relative to traditional currencies such as the US dollar. Clear and supportive regulations can enhance investor confidence in cryptocurrencies and drive their value up. Conversely, vague or overly strict regulatory policies may hinder the development of cryptocurrencies and cause their value to fall.
Economic indicators:Macroeconomic factors in the country where the fiat currency is issued—such as inflation rates, interest rates, and key economic growth indicators—play a crucial role in determining the fiat currency's value and indirectly affect the exchange rate of DEFX/NGN. For example, high inflation rates may lead to a decrease in market trust in fiat currencies, thereby increasing investors' demand for cryptocurrencies such as Bitcoin as a hedge, driving up their prices.
Technological progress:The continuous development and innovation of blockchain technology, as well as various improvements in the cryptocurrency ecosystem—such as expansion solutions and security enhancements—have provided strong support for the value growth of cryptocurrencies like Bitcoin.
Investors must understand these dynamics to avoid making wrong decisions. After considering these factors, investors should also closely monitor future changes in the price of DeFinity and adjust their investment strategies accordingly in the evolving market.

Purchase other cryptocurrencies with similar market cap

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.