Many Nigerian traders use Binance for order-book trading and Monica for naira cashout. The transfer flow is straightforward with one critical point: network match.
This guide covers withdrawing USDT, BTC, ETH, and other coins from Binance to Monica.
What's in this guide
1. In Binance
Wallet → Spot → Withdraw. Choose coin (e.g., USDT). Choose network (TRC20 cheapest).
2. Paste Monica address
From Monica app, copy your USDT TRC20 address. Paste into Binance.
3. Confirm
Binance withdrawal SMS/2FA. Submit.
4. Wait for confirmation
TRC20 typically <30 seconds. Monica credits naira.
5. Withdraw to bank
Standard Monica flow.
FAQ
Network for USDT?
TRC20 cheapest and fastest.
Timing?
TRC20 deposits typically confirm in under a minute; Monica's conversion and bank payout take under 60 seconds after on-chain confirmation.
Fees?
Binance charges its published network withdrawal fee when you send crypto out; Monica charges 0% on conversion and bank payout.