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BIT to GBP Converter and calculator

BIT/GBP: 1 BIT = 0.{5}5991 GBP. The price of converting 1 Biconomy Exchange Token (BIT) to Pound Sterling (GBP) is 0.{5}5991 GBP today.
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BIT
GBP
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides BIT to GBP real-time exchange rates, making it easy to convert Biconomy Exchange Token (BIT) to Pound Sterling (GBP). The conversion result is based on real-time data. The conversion result shows that 1 BIT is currently valued at 0.00 GBP. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 BIT is currently valued at 0.00 GBP, which means buying 5 BIT would cost 0.00 GBP. Similarly, £1 GBP can be converted to 166,914.27 BIT, and £50 GBP can be converted to 834,571.34 BIT, excluding any platform or gas fees.

Convert BIT to GBP

Convert GBP to BIT

Biconomy Exchange Token
Pound Sterling
10 BIT
0.{4}5991  GBP
20 BIT
0.0001198  GBP
50 BIT
0.0002996  GBP
100 BIT
0.0005991  GBP
200 BIT
0.001198  GBP
500 BIT
0.002996  GBP
1000 BIT
0.005991  GBP
5000 BIT
0.02996  GBP
10000 BIT
0.05991  GBP
In the table above, you'll find a comprehensive BIT to GBP converter that shows the value of Biconomy Exchange Token in Pound Sterling across commonly used conversion amounts. The list covers conversions from 1 BIT to GBP, all the way up to 10000 BIT, providing a clear view of their respective values.
Pound Sterling
Biconomy Exchange Token
10 GBP
1,669,142.68 BIT
100 GBP
16,691,426.79 BIT
200 GBP
33,382,853.58 BIT
500 GBP
83,457,133.96 BIT
1000 GBP
166,914,267.92 BIT
2000 GBP
333,828,535.84 BIT
5000 GBP
834,571,339.6 BIT
10000 GBP
1,669,142,679.2 BIT
50000 GBP
8,345,713,396.02 BIT
100000 GBP
16,691,426,792.04 BIT
In the table above, you'll find a comprehensive GBP to BIT converter that shows the value of Pound Sterling in Biconomy Exchange Token across commonly used conversion amounts. The list covers conversions from 1 GBP to BIT, all the way up to 100000 GBP, providing a clear view of their respective values.

BIT to GBP chart

BIT/GBP: 1 BIT = 0.{5}5991 GBP; 2025/04/27 14:31:31
In the past 1D, Biconomy Exchange Token has changed -4.72% to GBP. Based on the trend and price charts, Biconomy Exchange Token(BIT) has changed -4.72% to GBP while Pound Sterling(GBP) has changed % to BIT in the last 24 hours.
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BIT to GBP conversion data: Volatility and price changes of Biconomy Exchange Token in GBP

The highest Biconomy Exchange Token price in GBP over the past 7 days was 0.{5}6297 GBP while the lowest Biconomy Exchange Token price in GBP over the past 7 days was 0.{5}5398 GBP. The relative change between the highs and lows in Biconomy Exchange Token price in GBP over the last 7 days indicates a volatility of %. You can view additional volatility data and BIT to GBP 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
0.{5}6297 GBP
0.{5}6297 GBP
0.{5}6297 GBP
0.{5}6907 GBP
Low
0.{5}5973 GBP
0.{5}5398 GBP
0.{5}3750 GBP
0.{5}3455 GBP
Average
0 GBP
0 GBP
0 GBP
0 GBP
Volatility
%
%
%
%
Change
-4.72%
+6.61%
+58.35%
+12.63%

Biconomy Exchange Token information

BIT to GBP market statistics

BIT/GBP:
£0.{5}5991
BIT 24h volume:
£1,377,462.93
BIT market cap:
--
BIT circulating supply:
0 BIT

Current BIT to GBP exchange rate

Biconomy Exchange Token to Pound Sterling is rising this week.
Biconomy Exchange Token's current market price is £0.{5}5991 per BIT, with a total market cap of £0 GBP based on a circulating supply of -- BIT. The trading volume of Biconomy Exchange Token has changed by +0.04% (£543.88 GBP) in the last 24 hours. Last trading day, BIT's trading volume was £1,376,919.05.

More info about Biconomy Exchange Token on Bitget

Pound Sterling information

About the Pound Sterling (GBP)

What Is the Pound Sterling (GBP)?

The Pound Sterling, commonly known as the sterling or pound and abbreviated as GBP, is the national currency of the United Kingdom (including England, Scotland, Wales, and Northern Ireland), the Isle of Man, South Sandwich Islands, Gibraltar, South Georgia, and the British Antarctic Territory. It holds the distinction of being the oldest currency still in continuous use today. The symbol for the pound is £, and it is divided into 100 smaller units called pence.

GBP is the fourth most traded currency in the foreign exchange market, following the US dollar, the euro, and the Japanese yen. It is also part of the basket of currencies used by the International Monetary Fund (IMF) to calculate its special drawing rights. The Bank of England, the central bank of the UK, is responsible for issuing and regulating the pound. While banknotes are issued in England and Wales by the Bank of England, Scotland and Northern Ireland have their own banknotes, which are not governed by the Bank of England but are accepted throughout the UK.

What Is the History of GBP?

The term "pound sterling" originates from the Latin word "libra," denoting balance and weight. The pound coin was first introduced in 1489 during the reign of Henry VII. The Bank of England, established in 1694, began issuing pound notes shortly thereafter. These notes were initially handwritten. The pound operated in a complex system of shillings and pennies until 1971 when the decimal system was adopted. The UK allowed the pound to float freely in the currency market in 1971, letting market forces determine its value. Despite the introduction of the euro in 2002, the UK chose to retain the pound as its currency.

Notes and Coins of GBP

The pound sterling is available in various denominations. Banknotes are issued in £5, £10, £20, and £50 denominations, with some being printed on polymer for durability. Coins are minted in 1p, 2p, 5p, 10p, 20p, 50p, £1, and £2 denominations.

What Is a Quid?

"Quid" is a slang term commonly used in the United Kingdom to refer to the British pound sterling (GBP), the currency of the United Kingdom. Its exact origin is unclear, but the most accepted theory is that it derives from the Latin phrase "quid pro quo," meaning "something for something," often used in financial and legal contexts. Another less substantiated theory links it to the Royal Mint in Quidhampton, Wiltshire. Over time, "quid" has become synonymous with "pound" in everyday British vernacular, used in the same informal manner as "bucks" is for dollars in the United States. Notably, the term remains singular regardless of the amount, so one would say "twenty quid" instead of "twenty quids."

Why Is GBP Worth More Than USD?

The British Pound (GBP) often holds a higher value than the US Dollar (USD) due to a combination of historical, economic, and market factors, rather than a direct reflection of the respective economies' strength. Historically, the GBP was the dominant currency in foreign exchange, with £1 fetching more than $5 before World War I. As of January 2024, the GBP continued to exhibit strength, maintaining a value of over 1.25 USD. This resilience is evident even after significant events like the 2007–2009 financial crisis, where the GBP peaked at just over 2.00 USD but later stabilized to 1.40–1.45. The impact of Brexit in 2016 further influenced this dynamic, causing a sharp fall in the GBP from the 1.40–1.45 range to 1.20–1.25, and reaching a 30-year low of about $1.05 in September 2022. This trend reflects the relative economic conditions of the UK and the US, with the UK facing challenges from Brexit and the US economy showing improvement. The total circulation of GBP is also much lower than that of USD, contributing to its higher nominal value.

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

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How to convert BIT to GBP

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BIT to GBP Conversion tables

The exchange rate of Biconomy Exchange Token is increasing.
The exchange rate of 1 BIT to Pound Sterling has changed by +6.61% in the last 7 days. In the last 24 hours, the rate has fluctuated by -4.72%, reaching a high of 0.{5}6297 GBP and a low of 0.{5}5973 GBP . One month ago, the value of 1 BIT was £0.{5}3783 GBP , which represents a +58.35% change from its current value. Over the last year, Biconomy Exchange Token has changed by
+£
0.{5}2044GBP
, resulting in a change of +51.79% in its value.
24 hours ago1 month ago1 year ago
Amount14:31 today24 hours ago24h change
0.5 BIT£0.{5}2996£0.{5}3144
-4.72%
1 BIT£0.{5}5991£0.{5}6288
-4.72%
5 BIT£0.{4}2996£0.{4}3144
-4.72%
10 BIT£0.{4}5991£0.{4}6288
-4.72%
50 BIT£0.0002996£0.0003144
-4.72%
100 BIT£0.0005991£0.0006288
-4.72%
500 BIT£0.002996£0.003144
-4.72%
1000 BIT£0.005991£0.006288
-4.72%

BIT to GBP FAQ

How much is 1 Biconomy Exchange Token in GBP?
Right now, the price of 1 Biconomy Exchange Token (BIT) in Pound Sterling (GBP) is £0.{5}5991.
How much BIT can I buy for 1 GBP?
Based on the current exchange rate, you can get 166,914.27 BIT for 1 GBP.
How do I calculate or convert BIT to GBP?
You can use our BIT to GBP calculator at the top of this page to convert any amount of BIT to GBP. We've also included quick-reference tables for the most popular conversions. For example, 5 GBP is equivalent to 834,571.34 BIT, while 5 BIT will cost around 0.{4}2996GBP.
What is the highest price of BIT/GBP in history?
The all-time high price of 1 BIT in GBP is £0.0002083. It remains to be seen if the value of 1 BIT/GBP will exceed the current all-time high.
What is the price trend of Biconomy Exchange Token in GBP?
Over the past 7 days, the exchange rate of Biconomy Exchange Token (BIT) has gone up by 6.61%.   Over the last month, the exchange rate of Biconomy Exchange Token (BIT) has gone up by 58.35% against Pound Sterling (GBP).

What factors influence the conversion rate of BIT to GBP?

There are many factors that affect the relationship between Biconomy Exchange Token and Pound Sterling, 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 BIT/GBP. When there is positive news in the market about the widespread adoption of BIT or major technological breakthroughs, it tends to trigger market optimism and drive the rise of BIT/GBP. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in BIT/GBP.
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 BIT/GBP. 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 Biconomy Exchange Token and adjust their investment strategies accordingly in the evolving market.

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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.