Fund your Monica naira balance from any Nigerian bank, convert to ADA at live rate, withdraw to any external wallet on Cardano Mainnet.
Per 1 ADA • Updates every 60 seconds
Most Nigerian crypto apps quote a buy price 2–3% above the live market and call it a "spread." Monica doesn't. The ADA/NGN rate you see is the rate you pay. Combined with 0% transaction fees and instant delivery, the total cost difference on a ₦1,000,000 buy can be ₦20,000–₦30,000 vs typical exchanges.
Funding ADA from naira on Monica works in three quick steps.
Add naira via instant bank transfer from any Nigerian account. Most deposits clear within 30 seconds via NIBSS.
Open the buy screen, choose ADA, type the naira amount, confirm. Live market rate, no spread.
Send ADA to an external wallet on Cardano Mainnet, or hold inside Monica for instant cashout later.
Cardano runs on the following networks supported by Monica:
| Network | Confirmation Time | Fee Profile | Best Use Case |
|---|---|---|---|
| Cardano Mainnet | ~30 seconds | Negligible fees | Ideal for high-frequency moves |
Always match your sending network to the receiving address. Sending ADA on the wrong network can result in lost funds — Monica's app shows the correct network beside every deposit address.
"Verification took a few minutes and that was it. Smooth since — BTC to Opay, done."
"Honestly the most stress-free way to turn USDT to naira in this country right now."
"Good app overall. I wish they added even more coins, but the payout speed makes up for it."
"No drama. Deposit BNB, get naira. This is how it should have been all along."
Top up your Monica naira balance via bank transfer (instant via NIBSS), open the Buy screen, choose ADA, type the naira amount. The ADA appears in your Monica balance instantly.
Monica is operated by Monica Technologies Limited, a Nigerian-registered entity aligned with SEC VASP framework and NDPA compliance. Custody is partnered with audited cold storage providers.
Minimum buy is ₦1,000. There is no maximum for verified accounts up to standard daily limits.
Monica charges 0% on the buy. The conversion uses live mid-market rate without spread.
Yes. Monica supports outbound transfers on Cardano Mainnet. Network fees apply per chain — Monica does not add a fee on top.
Typically under 10 seconds. The ADA balance updates the moment your buy order processes — there is no order book or matching wait.
Bank transfer from any Nigerian bank (NIBSS instant). Card and direct debit options are rolling out — check the Buy screen for current methods.
Yes — the Monica app lets you set alerts on any supported coin including ADA. Push notifications fire when price thresholds are hit.
Same flow, same speed, same zero fees. Tap any coin to view its dedicated page.