Fund your Monica naira balance from any Nigerian bank, convert to USDC at live rate, withdraw to any external wallet on ERC20, Solana.
Most Nigerian crypto apps quote a buy price 2–3% above the live market and call it a "spread." Monica doesn't. The USDC/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 USDC 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 USDC, type the naira amount, confirm. Live market rate, no spread.
Send USDC to an external wallet on ERC20, Solana, or hold inside Monica for instant cashout later.
USDC is multi-chain. Picking the right network saves you money and time:
| Network | Confirmation Time | Fee Profile | Best Use Case |
|---|---|---|---|
| ERC20 | 1–3 minutes | Higher gas (varies) | Standard for ETH-based wallets |
| Solana | ~30 seconds | Negligible fees | Ideal for high-frequency moves |
| BEP20 | ~5 seconds | Very low fees | Best if you're coming from Binance |
| Polygon | Varies | Network-dependent | Confirm fees in your wallet |
Always match your sending network to the receiving address. Sending USDC on the wrong network can result in lost funds; Monica's app shows the correct network beside every deposit address.
"Was sceptical at first sha. Did a small test, naira landed instant. I dey use am every week now."
"Support actually replied on WhatsApp and sorted my issue the same day. Rare these days."
"After all the P2P stress I didn't know where to turn. Monica saved me."
"Verification took a few minutes and that was it. Smooth since BTC to UBA, done."
Top up your Monica naira balance via bank transfer (instant via NIBSS), open the Buy screen, choose USDC, type the naira amount. The USDC 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 per-transaction maximum — conversions count toward the verified-account daily limit (₦50,000,000 by default, higher on request).
Monica charges 0% on the buy. The conversion uses live mid-market rate without spread.
Yes. Monica supports outbound transfers on ERC20, Solana, BEP20. Network fees apply per chain Monica does not add a fee on top.
Typically under 10 seconds. The USDC 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 USDC. Push notifications fire when price thresholds are hit.
Same flow, same speed, same zero fees. Tap any coin to view its dedicated page.