Fund your Monica naira balance from any Nigerian bank, convert to MATIC at live rate, withdraw to any external wallet on Polygon PoS, ERC-20.
Per 1 MATIC • 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 MATIC/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 MATIC 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 MATIC, type the naira amount, confirm. Live market rate, no spread.
Send MATIC to an external wallet on Polygon PoS, ERC-20, or hold inside Monica for instant cashout later.
Polygon runs on the following networks supported by Monica:
| Network | Confirmation Time | Fee Profile | Best Use Case |
|---|---|---|---|
| Polygon PoS | Varies | Network-dependent | Confirm fees in your wallet |
| ERC-20 | 1–3 minutes | Higher gas (varies) | Standard for ETH-based wallets |
Always match your sending network to the receiving address. Sending MATIC on the wrong network can result in lost funds — Monica's app shows the correct network beside every deposit address.
"No vendor, no haggling, no 'I have sent it' lies. I send BNB, naira lands in Palmpay. Simple."
"Money no dey delay. That is all I want from a crypto app, and Monica delivers."
"After the Binance naira ban I didn't know where to turn. Monica saved me — no more P2P stress."
"Cashed out the day naira was falling and locked a solid rate while P2P people were still queuing."
Top up your Monica naira balance via bank transfer (instant via NIBSS), open the Buy screen, choose MATIC, type the naira amount. The MATIC 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 Polygon PoS, ERC-20. Network fees apply per chain — Monica does not add a fee on top.
Typically under 10 seconds. The MATIC 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 MATIC. Push notifications fire when price thresholds are hit.
Same flow, same speed, same zero fees. Tap any coin to view its dedicated page.