Recently relocated Nigerians (UK, Canada, US, Europe) supporting family from their first salaries abroad — the route that fits how this money actually moves.
New-country banking is thin — no credit history, remitter limits on new accounts, and every app wants weeks of history before raising caps. Meanwhile family support can't wait for your KYC tier to mature.
One exchange account where you live plus the family's Monica address covers unlimited monthly support from day one. No corridor caps, no account-age tiers, ~$1 per transfer, and the rate is the real market rate.
Your family member (or you, on the Nigeria side) downloads Monica from Google Play or the App Store and completes KYC — BVN or NIN plus a selfie, about 4 minutes.
Inside the app, choose USDT and pick a network — TRC-20 is the popular choice for remittance because the network fee is about $1 and confirmation takes seconds to a couple of minutes.
From any exchange or wallet abroad — Coinbase, Kraken, Binance, Bybit, or a self-custody wallet — send USDT to the Monica address. The blockchain doesn't care about borders, weekends, or banking hours.
Once the deposit confirms on-chain, naira credits the Monica balance at the live rate. Bank withdrawal completes in under 60 seconds — Opay, Kuda, GTBank, Zenith, all Nigerian banks.
"My brother receives it on Monica and withdraws straight to Zenith Bank. Under a minute after the USDT confirms. Every single time."
"School fees deadline was the next morning. USDT from Italy to naira in my account the same night. That saved my semester."
"Rent for my family house in Surulere goes through this route now. Landlord gets a bank transfer, I pay no remittance fee at all."
"The dollar I send is the dollar they receive. After years of watching Ria shave both ends, that still feels strange — in a good way."
Recently relocated Nigerians (UK, Canada, US, Europe) supporting family from their first salaries abroad.
New-country banking is thin — no credit history, remitter limits on new accounts, and every app wants weeks of history before raising caps. Meanwhile family support can't wait for your KYC tier to mature.
One exchange account where you live plus the family's Monica address covers unlimited monthly support from day one. No corridor caps, no account-age tiers, ~$1 per transfer, and the rate is the real market rate.
A verified Monica account — BVN or NIN plus a selfie, about 4 minutes — and any Nigerian bank account.
About $1 in network fees per transfer, any size. 0% platform, conversion, and withdrawal fees on the Nigeria side.
Yes. Following the CBN's December 2023 reversal of the 2021 banking restriction and the SEC's Virtual Asset Service Provider (VASP) framework — with provisional licences issued to Nigerian exchanges from August 2024 — receiving and converting stablecoins is legal in Nigeria.
The setup is the slow part — 4 minutes, once. Every transfer after that takes two.
Download Monica