If you've outgrown Apexpay too slow, too expensive, too unreliable Monica.cash is the most-switched-to alternative in Nigeria.
Apexpay charges Variable. Monica.cash charges 0% on conversion and 0% on bank withdrawal. On a ₦1,000,000 cashout, that's a meaningful difference.
Apexpay typical payout: Variable. Monica.cash typical payout: under 60 seconds. The difference is felt most on Sunday-night cashouts and large-amount withdrawals.
500,000+ active Nigerian users with ₦400B+ processed. The track record is independently verifiable through public coverage in Nairametrics and other Nigerian financial press.
| Feature | Monica.cash | Apexpay |
|---|---|---|
| Transaction Fee | 0% | Variable |
| Typical Payout Speed | Under 60 seconds | Variable |
| Supported Coins | 7 (BTC, ETH, SOL, TRX, BNB, USDT, USDC) | Limited |
| Bank Coverage | All NIBSS-connected banks (40+) | NIBSS banks |
| App Store Rating | 4.6★ (App Store) / 4.7★ (Play) | N/A★ / 3.9★ |
| KYC Requirement | BVN or NIN + selfie (4 min) | BVN |
| Customer Support | 24/7 in app chat, ~2 min response | Standard ticket support |
| Founded | 2022 (Monica Technologies Limited) | 2023 |
| Active User Base (NG) | 500,000+ | ~500 |
| Lifetime NGN Volume | ₦400+ billion | Not publicly disclosed |
"Was sceptical at first sha. Did a small test, naira landed instant. I dey use am every week now."
"Honestly the most stress-free way to turn BNB to naira in this country right now."
"Fast and legit. Sent TRX, the money entered my Kuda before I could lock my phone."
"E dey work die. UBA alert enters sharp sharp every single time."
The most common reasons cited in user reviews: fees (Variable), speed (Variable), and reliability of bank withdrawals. Monica.cash addresses all three.
Free in the sense of 0% transaction fees, yes. The app itself is free to download and use. Network fees on the underlying blockchain still apply (those go to miners, not Monica).
Yes. Withdraw from Apexpay to your Monica deposit address (same network on both ends), and the conversion runs automatically once the deposit confirms.
Both operate within Nigerian regulatory frameworks. Monica is a one-way off-ramp and does not custody user crypto. Monica's own treasury, KYC data handling, and operating standards are NDPA-aligned and SEC VASP-framework aligned. Limited
Monica.cash supports 7 coins. Apexpay supports Limited. Compare both lists for your specific assets.
0% fees. Under 60s payouts. 500K+ users can't all be wrong.
Download Monica