Best Prestmit Alternative in 2026: More Coins, Better Rates, Faster Payouts

Why Crypto Users Are Switching from Prestmit to Monica

Prestmit has built a solid reputation in Nigeria, particularly in the gift card trading space. For selling iTunes cards, Amazon gift cards, Google Play vouchers, and similar digital assets, Prestmit is a well-known option. However, when it comes to cryptocurrency-to-Naira conversion specifically, Prestmit falls short in several critical areas compared to dedicated crypto platforms like Monica.

The crypto landscape in Nigeria has evolved dramatically. Users no longer just sell Bitcoin — they hold diverse portfolios including USDT on multiple networks, Ethereum, Solana, BNB, and numerous other altcoins. A platform that treats crypto as an add-on to its gift card business cannot match the depth, breadth, and optimization of a platform built from the ground up for cryptocurrency conversion. This is the fundamental reason why serious crypto users are switching from Prestmit to Monica in 2026.

It is worth noting that this comparison is specifically about crypto-to-Naira conversion. Prestmit may still be the right choice for gift card trading. But for crypto, Monica provides a categorically superior experience across every dimension that matters: coin support, network coverage, fees, speed, user base, and regulatory compliance.

The Coin and Network Limitation

The most immediately apparent difference between Monica and Prestmit is the breadth of cryptocurrency support. Monica supports 13 cryptocurrencies: BTC, USDT, USDC, ETH, SOL, BNB, TRX, LTC, DOGE, XRP, TON, BCH, and AVAX. For USDT alone, Monica supports four networks: TRC20, ERC20, BEP20, and Solana. This comprehensive coverage means virtually any crypto you receive — from freelance work, trading, DeFi, airdrops, or any other source — can be converted to Naira on Monica without needing to swap coins or use multiple platforms.

Prestmit supports fewer coins and fewer network options. This limitation creates real problems for modern crypto users. If you receive USDT on the Solana network from a client, or DOGE from a trading profit, or TON from a Telegram-based payment, Prestmit may not support that specific coin or network. You would then need to swap to a supported coin on an exchange — paying swap fees, gas fees, and dealing with the complexity and time of additional transactions — before you can convert to Naira. With Monica, you simply send your crypto directly and receive Naira. No swaps, no extra steps, no wasted money on unnecessary conversions.

The Rate and Fee Advantage

When a platform's primary business is gift card trading, its crypto pricing may not receive the same level of optimization, monitoring, and competitiveness as a platform where crypto is the sole focus. Monica processes over ₦400 billion in crypto transactions, which gives it the volume, liquidity, and market data to offer consistently competitive rates.

Monica's fee structure is transparently simple: flat $2 for Bitcoin and Ethereum, free deposits for USDT and USDC, and free bank withdrawals on every transaction. There are no percentage-based fees that scale with transaction size, no hidden costs, and no variable pricing that changes based on time of day or market conditions. You know exactly what you will pay before you send a single coin. For regular sellers converting $500-5,000+ weekly, this transparent flat-fee model translates to significant savings compared to percentage-based or variable fee structures.

The Scale and Trust Factor

Monica has over 500,000 active users and has processed more than ₦400 billion in crypto transactions with zero security incidents. This scale is not just a number — it represents proven infrastructure, tested systems, and demonstrated reliability at the highest levels of the Nigerian crypto market. When you send your crypto to Monica, you are using a platform that has successfully handled millions of similar transactions without failure.

Monica is also fully compliant with Nigeria's Securities and Exchange Commission, providing regulatory oversight and accountability that protects users. This combination of massive scale, proven security, and regulatory compliance creates a trust foundation that is unmatched in the Nigerian crypto-to-Naira space.

Monica vs Prestmit: Detailed Comparison

Why Prestmit Users Switch to Monica for Crypto

When crypto conversion is your need, a dedicated platform with 13 coins and 500,000+ users makes all the difference.

1. Dramatically More Coin and Network Support

This is the primary driver of switching from Prestmit to Monica for crypto. The modern Nigerian crypto user receives crypto from many different sources: USDT from freelance platforms like Upwork or Fiverr, ETH from DeFi protocols, SOL from Solana-based applications, BNB from Binance Smart Chain activities, and DOGE, XRP, LTC, or TON from various trading activities and airdrops. Monica supports all of these natively.

With Prestmit's limited coin selection, users frequently need to swap unsupported coins to a supported one before selling — a process that involves exchange fees, network gas fees, and additional time. On a $500 transaction, swapping coins before selling can cost $5-15 in unnecessary fees. With Monica's 13-coin support, you skip this entirely. Send whatever crypto you have directly to Monica and receive Naira. No intermediary steps, no extra costs, no wasted time.

2. Better Rates and Lower, Transparent Fees

Monica's entire business is crypto-to-Naira conversion. Every algorithm, every pricing model, and every market connection is optimized for one thing: giving you the best possible rate when converting crypto to Naira. With ₦400B+ in processed volume, Monica has the scale and liquidity to offer consistently competitive rates that a platform where crypto is a secondary feature cannot match.

The fee structure reinforces this advantage: flat $2 for Bitcoin and Ethereum transactions, completely free deposits for USDT and USDC, and free bank withdrawals on every single transaction. There are no percentage-based fees, no variable pricing, and no hidden costs. On a $2,000 Bitcoin sale, you pay exactly $2. This transparent, flat pricing means you always know exactly what you will receive before initiating a transaction. For regular sellers, this predictability is as valuable as the savings themselves.

3. Faster, Fully Automatic Conversion

Monica's automatic conversion system processes every transaction in 5-40 minutes. You send crypto to your Monica wallet address, and Naira arrives in your bank account automatically. There is no manual review, no waiting for processing queues, and no variability based on time of day or transaction volume. The system is purpose-built for high-throughput crypto conversion and has been proven at scale across ₦400B+ in transactions.

This speed and consistency is especially important for users who convert crypto regularly. Whether you are a freelancer converting weekly payments, a trader moving funds between exchanges, or a business processing crypto payments, knowing that your conversion will complete within 5-40 minutes every single time allows you to plan and manage your finances with confidence.

4. Larger Crypto-Focused User Base

Monica has over 500,000 active users specifically focused on crypto-to-Naira conversion. This is not a mixed user base of gift card traders and occasional crypto sellers — these are 500,000+ users who depend on Monica for their cryptocurrency conversion needs. This large, dedicated user base means better liquidity, more consistent service, and infrastructure that has been tested and proven at massive scale.

The ₦400B+ in processed transactions further demonstrates Monica's scale advantage. This volume ensures that Monica has the operational capacity, financial reserves, and system reliability to handle any transaction size — from small freelancer payments to large trading volumes — without delays or issues. When your money is on the line, the scale and reliability of your platform matters enormously.

5. Full SEC Regulatory Compliance

Monica operates under the oversight of Nigeria's Securities and Exchange Commission. This regulatory compliance means Monica is subject to strict standards for user protection, financial transparency, operational integrity, and dispute resolution. SEC compliance is not just a label — it means regulatory audits, reporting requirements, and enforcement mechanisms that protect your interests as a user.

For Nigerian crypto sellers dealing with significant sums of money, SEC compliance provides meaningful peace of mind. If anything were to go wrong — which Monica's track record of zero security incidents across ₦400B+ makes unlikely — there is a regulatory framework in place to protect your interests. This level of regulatory accountability is a decisive advantage for users who take their financial security seriously.

6. Four USDT Networks for Maximum Flexibility

USDT is the most commonly received cryptocurrency for Nigerian freelancers and remote workers. However, USDT exists on many different blockchain networks, and sending USDT on the wrong network results in lost funds or the need to pay additional swap fees. Monica supports USDT on four networks: TRC20 (Tron — the most popular for low fees), ERC20 (Ethereum), BEP20 (Binance Smart Chain), and Solana.

This four-network support means you can receive USDT from virtually any source — exchanges, wallets, DeFi protocols, or direct payments — and convert it to Naira on Monica without worrying about network compatibility. Whether your client pays in USDT on Tron, your exchange uses BEP20, or your DeFi earnings are on Solana, Monica accepts it with free deposits on all four networks. Prestmit's more limited USDT network support means users sometimes face the frustration of having USDT on an unsupported network.