If you've outgrown Remitano too slow, too expensive, too unreliable Monica.cash is the most-switched-to alternative in Nigeria.
Remitano charges P2P spread + 1%. Monica.cash charges 0% on conversion and 0% on bank withdrawal. On a ₦1,000,000 cashout, that's a meaningful difference.
Remitano typical payout: P2P-mediated. Monica.cash typical payout: under 60 seconds. The difference is felt most on Sunday-night cashouts and large-amount withdrawals.
500,000+ active Nigerian users with ₦400B+ processed. The track record is independently verifiable through public coverage in Nairametrics and other Nigerian financial press.
| Feature | Monica.cash | Remitano |
|---|---|---|
| Transaction Fee | 0% | P2P spread + 1% |
| Typical Payout Speed | Under 60 seconds | P2P-mediated |
| Supported Coins | 7 (BTC, ETH, SOL, TRX, BNB, USDT, USDC) | BTC, USDT, ETH, BNB |
| Bank Coverage | All NIBSS-connected banks (40+) | Via P2P |
| App Store Rating | 4.6★ (App Store) / 4.7★ (Play) | 4.0★ / 3.9★ |
| KYC Requirement | BVN or NIN + selfie (4 min) | BVN + ID |
| Customer Support | 24/7 in app chat, ~2 min response | Standard ticket support |
| Founded | 2022 (Monica Technologies Limited) | 2014 |
| Active User Base (NG) | 500,000+ | ~10,000 |
| Lifetime NGN Volume | ₦400+ billion | Not publicly disclosed |
"Money no dey delay. That is all I want from a crypto app, and Monica delivers."
"After the Binance naira ban I didn't know where to turn. Monica saved me no more P2P stress."
"E dey work die. GTBank alert enters sharp sharp every single time."
"Switched from Busha and never looked back. Faster, and the 0% fee is real I checked the maths."
The most common reasons cited in user reviews: fees (P2P spread + 1%), speed (P2P-mediated), and reliability of bank withdrawals. Monica.cash addresses all three.
Free in the sense of 0% transaction fees, 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 Remitano to your Monica deposit address (same network on both ends), and the conversion runs automatically once the deposit confirms.
Both operate within Nigerian regulatory frameworks. Monica is a one-way off-ramp and does not custody user crypto. Monica's own treasury, KYC data handling, and operating standards are NDPA-aligned and SEC VASP-framework aligned. Mixed
Monica.cash supports 7 coins. Remitano supports BTC, USDT, ETH, BNB. Compare both lists for your specific assets.
0% fees. Under 60s payouts. 500K+ users can't all be wrong.
Download Monica