Coinbase vs Monica.cash

Same as the Monica.cash vs Coinbase page, just with the names flipped. People search both ways.

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The Numbers

FeatureMonica.cashCoinbase
Transaction Fee 0% ~1.5% + spread
Typical Payout Speed Under 60 secondsHours to days for naira (no direct support)
Supported Coins16 (BTC, USDT, ETH, USDC, SOL, BNB, TRX, LTC, XRP, DOGE, ADA, MATIC, AVAX, BCH, SHIB, DOT)All majors
Bank CoverageAll NIBSS-connected banks (40+)No direct NGN bank withdrawal
App Store Rating4.6★ (App Store) / 4.7★ (Play)4.7★ / 4.6★
KYC RequirementBVN or NIN + selfie (4 min)US/EU compliance
Customer Support24/7 in-app chat, ~2 min responseStandard ticket support
Founded2022 (Kudiwave Technologies Ltd)2012 (US)
Active User Base (NG)500,000+Millions of reviews globally
Lifetime NGN Volume₦400+ billionNot publicly disclosed

What Users Say

★★★★★

"Honestly thought 0% fees was marketing nonsense until I checked the maths on three transactions."

TS
Tope Soyinka
Calabar
★★★★★

"Switched from Quidax after one too many delayed payouts. Monica converted 5000 USDT in 47 seconds — I timed it."

DA
Damilola Adeyemi
Lagos
★★★★★

"Used to dread P2P weekends. Now I deposit BTC, payout drops in First Bank same minute. No vendors, no haggling."

BO
Bisola Onifade
Benin City
★★★★★

"Got my GTBank debit card credited at 11:47pm on a public holiday. ETH payout in under a minute."

HT
Hassan Tijani
Uyo

Read the Full Comparison

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