Convert your USD Coin (USDC) to Naira in minutes. Free deposits for this fully regulated stablecoin. Automatic conversion with free bank withdrawals. The safest way to sell stablecoins in Nigeria.
Per 1 USDC • Updated in real-time via CoinGecko • Best rate guaranteed
Sign up on Monica in under 2 minutes. Verify with your BVN and bank details. Your account is activated instantly, and you are ready to start selling USDC right away. Over 500,000 Nigerians already trust Monica.
Copy your unique USDC deposit address from Monica. Send USDC from Coinbase, Binance, MetaMask, Trust Wallet, or any compatible wallet. All USDC deposits on Monica are completely free — no fees deducted.
Once your USDC deposit is confirmed on the blockchain, Monica automatically calculates the Naira equivalent at the live market rate and sends it to your linked bank account. Typically takes 5-40 minutes.
USDC (USD Coin) has emerged as the preferred stablecoin for users who prioritize regulatory compliance and transparency. Issued by Circle — a regulated financial technology company — USDC is backed 1:1 by US dollar reserves and short-term US treasury bonds, with regular third-party audits confirming the reserves. For Nigerian crypto users who value this level of institutional backing, USDC represents the safest stablecoin to hold and transact with.
When the time comes to convert your USDC to Naira, Monica provides the most efficient pathway available. With over 500,000 registered users, more than ₦400 billion in processed transactions, and full SEC compliance, Monica combines the institutional rigor of USDC with a platform that is purpose-built for the Nigerian market. The result is a stablecoin-to-Naira conversion experience that is fast, safe, and remarkably simple.
Monica offers completely free USDC deposits, meaning you pay nothing to move your USDC from your external wallet to Monica for conversion. This free deposit policy eliminates one of the common friction points in the crypto-to-fiat conversion process and ensures that you receive maximum value for your USDC holdings when converting to Naira.
Many Nigerian users receive USDC as payment for freelance work, remote employment, or international business transactions. For these users, the ability to deposit USDC for free on Monica and receive Naira in their bank account within minutes is a transformative capability. It replaces the expensive, slow, and unreliable traditional remittance channels with a direct, low-cost digital pathway.
While USDT (Tether) remains the most popular stablecoin globally, USDC has gained significant ground among users who prefer greater regulatory certainty. Circle, the issuer of USDC, operates under US financial regulations, publishes monthly reserve attestations from Grant Thornton LLP, and maintains full transparency about the composition of its reserves. For Nigerian users who hold USDC specifically because of these regulatory advantages, selling on Monica — an SEC-compliant platform — creates a doubly regulated transaction environment.
Monica supports both USDC and USDT, giving Nigerian users the flexibility to sell whichever stablecoin they hold. However, for users who specifically prefer USDC for its regulatory backing, Monica is the ideal selling platform because it mirrors USDC's commitment to compliance with its own SEC-compliant operations.
Nigeria has one of the largest freelancer populations in Africa, with hundreds of thousands of Nigerians working remotely for international companies and clients. Many of these freelancers receive payment in USDC through platforms like Coinbase Commerce, direct wallet transfers, or stablecoin-based payroll services. Monica provides these freelancers with a seamless way to convert their earnings to Naira without the delays and fees associated with traditional banking channels like wire transfers.
The process is straightforward: receive USDC from your client or employer, send it to your Monica wallet (free deposit), and receive Naira in your bank account within minutes. No intermediary banks charging fees, no multi-day processing times, no currency conversion markups from international wire transfer services. Just a clean, fast, affordable conversion from digital dollars to Naira.
Monica's deposit-and-convert model means you never have to interact with an order book, place a sell order, or find a buyer. You deposit USDC, and the system handles everything else automatically. The conversion rate is based on live market data, and the Naira is sent to your bank account immediately after conversion. This is particularly valuable for users who are not experienced traders and simply want to convert their USDC to Naira without complexity.
After conversion, Monica sends your Naira to your bank account at no charge. All Nigerian banks are supported, including GTBank, Access Bank, First Bank, UBA, Zenith Bank, Kuda, OPay, PalmPay, Stanbic IBTC, FCMB, and many more. The withdrawal is processed automatically as part of the conversion flow — no separate withdrawal step needed.
| Feature | Monica | P2P Platforms | Other Exchanges |
|---|---|---|---|
| Speed | 5-40 min automatic | 30 min - 24 hrs | 1-48 hours |
| USDC Deposit Fee | Free | Network fees | Varies |
| Withdrawal Fee | Free to any bank | Varies | ₦50-₦100 |
| Scam Risk | Zero — no P2P | High fraud risk | Moderate |
| SEC Compliance | Fully compliant | Unregulated | Varies |
| USDC Support | Full support | Limited availability | Usually supported |
| Ease of Use | Deposit & receive Naira | Find buyer, negotiate | Order books |
| Users | 500,000+ | Varies | Varies |
"I work as a remote software developer and my company pays me in USDC. Monica has become my go-to platform for converting to Naira. The free deposits and fast processing mean I get my salary in Naira within minutes of receiving USDC. So much better than wire transfers."
"I prefer USDC over USDT because of the regulation and transparency. Finding a platform in Nigeria that properly supports USDC was difficult until Monica. Now I can sell my USDC for Naira easily and quickly. The rate is always fair and the service is reliable."
"I do graphic design for international clients on Upwork and some pay in USDC. Monica makes the conversion to Naira so painless. I deposit USDC, get Naira in my UBA account within 15 minutes. No stress, no hassle. I recommend Monica to every freelancer I know."
To sell USDC on Monica: Create a free account, copy your USDC deposit address, send USDC from any wallet, and receive Naira in your bank account within 5-40 minutes. Deposits are free and conversion is automatic.
Yes, USDC deposits on Monica are completely free. Monica absorbs the network fees so you pay nothing to deposit your USDC.
Both are stablecoins pegged to the US Dollar. USDC is issued by Circle and is considered more regulated and transparent, with regular audits and full reserve backing. USDT is issued by Tether and has a larger market cap. Monica supports both.
Monica offers real-time USDC to Naira rates updated continuously from global market data. Since USDC is pegged to the US Dollar, the rate closely follows the USD/NGN exchange rate.
After your USDC deposit is confirmed on the blockchain, Monica automatically converts it to Naira and sends it to your bank account. The entire process typically takes 5-40 minutes.
Yes, USDC is one of the safest stablecoins available. It is issued by Circle, a regulated financial company, and is fully backed by US dollar reserves and short-term US treasuries. Regular audits confirm the reserves.
Yes, you can send USDC from Coinbase, Binance, MetaMask, Trust Wallet, or any wallet to Monica. Simply copy your Monica USDC deposit address, withdraw from your wallet, and the conversion happens automatically.
Monica offers free deposits, free bank withdrawals, automatic conversion (no P2P), SEC compliance, and 500,000+ users. The combination makes Monica the best choice for selling USDC in Nigeria.
Join 500,000+ Nigerians who trust Monica for instant USDC to Naira conversion. Free deposits. Free bank withdrawals. SEC compliant.
Sell USDC Now — Free Deposits