Considering a Luno alternative? Here is what Monica.cash offers Nigerian users.
Monica.cash charges 0% on conversion and 0% on bank withdrawal. Luno publishes its fee schedule: instant buy/sell pricing plus maker/taker exchange fees. Run both numbers for your amounts.
Monica.cash payouts typically clear in under 60 seconds after the network confirms. Luno pays out naira within bank processing windows.
700,000+ active Nigerian users with ₦1T+ processed. The track record is independently verifiable through public coverage in Nairametrics and other Nigerian financial press.
| Feature | Monica.cash | Luno |
|---|---|---|
| Transaction Fee | 0% | Published schedule: instant + maker/taker |
| Typical Payout Speed | Under 60 seconds | Bank processing windows |
| Supported Coins | 7 (BTC, ETH, SOL, TRX, BNB, USDT, USDC) | BTC, ETH, USDT, USDC, XRP, SOL+ |
| Bank Coverage | All banks on NIBSS | Nigerian banks |
"I run a small business and move money through here weekly. Zero failed payouts so far."
"No vendor, no haggling, no 'I have sent it' lies. I send TRX, naira lands in Zenith Bank. Simple."
"Tested with a tiny amount because I no dey trust crypto apps. It paid out before I finished doubting it."
"Verification took a few minutes and that was it. Smooth since TRX to UBA, done."
Reasons vary by user; the common considerations are fees, payout speed and supported assets. Luno publishes its fee schedule: instant buy/sell pricing plus maker/taker exchange fees, while Monica.cash charges 0% with payouts typically under 60 seconds after confirmation.
Free in the sense of 0% conversion fee and 0% bank withdrawal fee, yes. The app itself is free to download and use. Network fees on the underlying blockchain still apply (those go to miners, not Monica).
Yes. Withdraw from Luno to your Monica deposit address (same network on both ends), and the conversion runs automatically once the deposit confirms.
Monica is a one-way off ramp and does not custody user crypto. Monica's treasury, KYC data handling and operating standards follow Nigerian data protection law. Luno publishes its own security practices, compare both before moving size.
Monica.cash supports 7 coins (BTC, ETH, SOL, TRX, BNB, USDT, USDC). Luno lists BTC, ETH, USDT, USDC, XRP, SOL and more. Compare both lists for your specific assets.
0% conversion fee. Naira within 60s of confirmations. 700K+ users can't all be wrong.
Download Monica