Fund your Monica naira balance from any Nigerian bank, convert to ETH at live rate, withdraw to any external wallet on ERC20, Arbitrum.
Per 1 ETH • 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 ETH/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 ETH 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 ETH, type the naira amount, confirm. Live market rate, no spread.
Send ETH to an external wallet on ERC20, Arbitrum, or hold inside Monica for instant cashout later.
ETH transactions on Layer 1 (Ethereum mainnet) confirm in 1–3 minutes. If you're sending from a Layer 2 like Arbitrum or Optimism, please bridge first Monica accepts L1 mainnet ETH only:
| Network | Confirmation Time | Fee Profile | Best Use Case |
|---|---|---|---|
| ERC20 | 1–3 minutes | Higher gas (varies) | Standard for ETH-based wallets |
| Arbitrum | Varies | Network-dependent | Confirm fees in your wallet |
| Optimism | Varies | Network-dependent | Confirm fees in your wallet |
Always match your sending network to the receiving address. Sending ETH on the wrong network can result in lost funds; Monica's app shows the correct network beside every deposit address.
"The rate is the rate. After years of P2P arguments, that peace of mind is everything."
"No vendor, no haggling, no 'I have sent it' lies. I send ETH, naira lands in Access Bank. Simple."
"Small gripe it logged me out once and I had to sign in again. But payouts are genuinely instant."
"I run a small business and move money through here weekly. Zero failed payouts so far."
Top up your Monica naira balance via bank transfer (instant via NIBSS), open the Buy screen, choose ETH, type the naira amount. The ETH 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 institutional-grade operations 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 ERC20, Arbitrum, Optimism. Network fees apply per chain Monica does not add a fee on top.
Typically under 10 seconds. The ETH 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 ETH. Push notifications fire when price thresholds are hit.
Same flow, same speed, same zero fees. Tap any coin to view its dedicated page.