Fund your Monica naira balance from any Nigerian bank, convert to SOL at live rate, withdraw to any external wallet on Solana Mainnet.
Per 1 SOL • 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 SOL/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 SOL 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 SOL, type the naira amount, confirm. Live market rate, no spread.
Send SOL to an external wallet on Solana Mainnet, or hold inside Monica for instant cashout later.
Solana runs on the following networks supported by Monica:
| Network | Confirmation Time | Fee Profile | Best Use Case |
|---|---|---|---|
| Solana Mainnet | ~30 seconds | Negligible fees | Ideal for high-frequency moves |
Always match your sending network to the receiving address. Sending SOL on the wrong network can result in lost funds; Monica's app shows the correct network beside every deposit address.
"I run a small business and move money through here weekly. Zero failed payouts so far."
"The rate is the rate. After years of P2P arguments, that peace of mind is everything."
"Honestly the most stress-free way to turn SOL to naira in this country right now."
"Sold TRX around 1am on a Sunday and the Palmpay alert came in under two minutes. No wahala."
Top up your Monica naira balance via bank transfer (instant via NIBSS), open the Buy screen, choose SOL, type the naira amount. The SOL 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 Solana Mainnet. Network fees apply per chain Monica does not add a fee on top.
Typically under 10 seconds. The SOL 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 SOL. Push notifications fire when price thresholds are hit.
Same flow, same speed, same zero fees. Tap any coin to view its dedicated page.