While crypto income is taxable in Nigeria, the payment of that tax is in naira through standard FIRS channels. The conversion step matters because crypto to naira at the moment of disposal also creates a taxable event itself (depending on whether it's income vs capital gains in your specific case). Consult a Nigerian tax practitioner for your situation.
FIRS doesn't currently accept crypto for direct tax payment. Nigerian taxpayers settle in naira. The route: convert crypto to naira via Monica, pay tax from naira balance.
In the Monica.cash app download from Google Play or App Store, complete KYC, get started.
0% on Monica for all conversions and bank withdrawals. Only onchain network fees apply, paid to validators (not Monica).
Sub-60 seconds typical for the Monica side (conversion + bank withdrawal). Onchain confirmation timing varies by coin and network.
0% fees. Under 60s payouts. 500K+ users. Built for Nigerian crypto reality.
Download Monica