Sell Solana for Naira on Nigeria's #1 SEC-compliant crypto platform. 500,000+ users trust Monica for instant, automatic SOL to NGN conversion with zero deposit fees.
| Solana (SOL) | Naira (NGN) |
|---|---|
| 1 SOL | Loading... |
| 5 SOL | Loading... |
| 10 SOL | Loading... |
| 50 SOL | Loading... |
| 100 SOL | Loading... |
| 500 SOL | Loading... |
| 1,000 SOL | Loading... |
These rates are fetched live from the CoinGecko API and reflect the current global Solana price multiplied by the prevailing USD/NGN exchange rate. Monica uses these same rates for automatic conversion when you deposit SOL to your wallet. For exact calculations, use the Monica crypto calculator.
Download the Monica app on iOS or Android and sign up with your email. Verification takes under 2 minutes. You get a permanent Solana deposit address immediately.
Navigate to the Solana deposit section in the Monica app. Your unique SOL mainnet address is displayed. Tap to copy it. This address is yours permanently and never changes.
Open Phantom, Solflare, Backpack, or any wallet and send SOL to your Monica address. Solana confirms in under 1 minute. Deposits are 100% free with no minimum amount.
Monica automatically converts your SOL to Naira at the live market rate. Withdraw to any Nigerian bank account for free, or use your balance for airtime, bills, and virtual cards.
The entire process from sending Solana to receiving Naira in your bank takes approximately 5 minutes. There is no peer-to-peer vendor involved, no manual approval, and no waiting. Monica's automated system handles everything. This is why over 500,000 Nigerians choose Monica for crypto to Naira conversions, with more than 400 billion Naira processed to date.
Solana is one of the fastest blockchains available today, capable of processing over 65,000 transactions per second with extremely minimal fees. Founded by Anatoly Yakovenko in 2020, Solana introduced a groundbreaking consensus mechanism that combines Proof of History (PoH) with Proof of Stake (PoS). This dual-mechanism approach allows Solana to achieve sub-second finality while maintaining robust decentralization and security across its validator network.
The Solana ecosystem has grown into one of the most vibrant in all of crypto. It powers a massive DeFi landscape featuring protocols like Jupiter, Raydium, Orca, and Marinade Finance, where billions of dollars in liquidity flow daily. Beyond DeFi, Solana has become the leading blockchain for NFT trading, with marketplaces like Magic Eden and Tensor handling millions of transactions. The network is also home to a thriving meme coin economy and an expanding real-world payment infrastructure.
SOL is the native token of the Solana blockchain, used for paying transaction fees, staking to secure the network, and participating in governance decisions. SOL holders can delegate their tokens to validators and earn staking rewards, currently averaging 6-8% annually. The token has consistently ranked among the top ten cryptocurrencies by market capitalization, reflecting strong institutional and retail demand.
In Nigeria, Solana has become particularly popular among traders and NFT enthusiasts who value its speed and low transaction costs. A typical Solana transaction costs less than $0.001, making it ideal for frequent small transfers that would be impractical on networks like Ethereum where gas fees can reach $10-50 during peak congestion. Nigerian freelancers receiving international payments, DeFi yield farmers cashing out profits, and NFT creators selling digital art all benefit from Solana's efficiency. Monica accepts Solana deposits on the native SOL mainnet and automatically converts them to Naira within minutes, providing the fastest path from SOL to a Nigerian bank account.
SOL deposits on Monica are completely free. No percentage fees, no hidden charges. You only pay the tiny Solana network fee (under $0.001) to validators.
Solana confirms in under 1 minute, then Monica auto-converts to Naira. Total time: about 5 minutes from deposit to spendable Naira in your balance.
Transfer Naira to any Nigerian bank free of charge. GTBank, Access, First Bank, Kuda, OPay, Moniepoint, Wema — all supported, all free.
Real-time SOL prices from CoinGecko updated every 60 seconds. No hidden markups or inflated P2P vendor spreads. Fair global market rates.
Monica operates in full compliance with Nigerian SEC regulations. Over 500,000 verified users and more than 400 billion Naira processed securely.
No manual approvals, no vendor negotiations, no waiting. Send SOL and it converts to Naira automatically. Hands-free, 24/7, even on weekends.
| Feature | Monica | P2P Platforms | Other Exchanges |
|---|---|---|---|
| SOL Deposit Fee | Free | 1-3% | 0.5-1% |
| Bank Withdrawal Fee | Free | Varies | NGN 50-500 |
| Conversion Speed | 5 min auto | 30 min - 24 hrs | 15-60 min |
| Manual Approval Needed | No | Yes | Sometimes |
| SEC Compliant | Yes | No | Varies |
| Scam Risk | Zero | High | Low |
| Rate Transparency | CoinGecko live | Vendor sets rate | Exchange rate + fee |
Monica accepts Solana deposits exclusively on the Solana mainnet. When sending SOL from any wallet or exchange, ensure you select the Solana network. Do not send SOL on wrapped versions via Ethereum (ERC20) or Binance Smart Chain (BEP20), as these are different tokens on different blockchains and will not arrive at your Monica address.
The Solana mainnet offers the fastest transaction speed of any supported cryptocurrency on Monica, with confirmations typically completing in under 1 minute. Network fees are negligible, usually less than $0.001 per transaction regardless of the amount being sent. This makes Solana ideal for both small and large conversions to Naira.
If you are receiving Solana from an exchange like Binance, Coinbase, Kraken, or Bybit, make sure to select the Solana (SOL) network when initiating your withdrawal. Similarly, if you are using Phantom, Solflare, Backpack, or any self-custody Solana wallet, the transaction will default to the Solana mainnet. For more details on converting other cryptocurrencies, see our guides on selling Bitcoin, converting USDT to Naira, and selling Ethereum.
Total time from sending Solana to having Naira in your bank account is about 5-10 minutes. The Solana blockchain confirms your transaction in under 1 minute, Monica automatically converts to Naira instantly, and bank withdrawals complete within minutes. This is one of the fastest crypto-to-fiat conversion speeds available in Nigeria.
Monica charges zero fees for Solana deposits. SOL deposits are completely free. Bank withdrawals to any Nigerian bank are also free. The only cost is the minimal Solana network fee (usually less than $0.001) paid to blockchain validators. Unlike Bitcoin which has a $2 flat fee, Solana and all stablecoins/altcoins are free to deposit.
The live Solana to Naira rate is displayed at the top of this page and in the conversion table above. It updates every 60 seconds using data from CoinGecko API. Monica uses this same real-time rate for automatic conversions. You can also check exact rates using the Monica crypto calculator.
Monica supports Solana on its native SOL mainnet only. Always send SOL using the Solana mainnet network. Do not send wrapped SOL on Ethereum or BSC. When withdrawing from exchanges, select "Solana" or "SOL" as the network. Phantom and Solflare wallets default to the correct network automatically.
Monica has no minimum conversion amount for Solana. Whether you send 0.01 SOL or 1,000 SOL, the automatic conversion works the same way with zero deposit fees. There is also no maximum limit. High-volume users converting large SOL amounts enjoy the same instant settlement.
Yes. You can send SOL from any Solana-compatible wallet including Phantom, Solflare, Backpack, Exodus, Trust Wallet, or any exchange that supports Solana withdrawals. Simply copy your Monica SOL deposit address, paste it in the recipient field, and send. Your SOL will arrive in under 1 minute and convert to Naira automatically.
Absolutely. Monica is fully SEC compliant and operates legally in Nigeria. The platform serves over 500,000 verified users and has processed more than 400 billion Naira in transactions. All conversions are automatic with bank-level security, two-factor authentication, and cold storage for crypto assets. There is zero scam risk compared to P2P vendor platforms.
Currently Monica specializes in crypto-to-Naira conversion (selling crypto for Naira). To buy Solana with Naira, use other exchanges, then send the purchased SOL to your Monica address whenever you want to convert back to Naira. Monica's strength is providing instant, fee-free conversion of crypto you already own into spendable Naira.
Solana rarely experiences congestion, but if it does, your transaction may take a few minutes longer to confirm instead of the usual sub-minute speed. Monica will still convert your SOL to Naira automatically once the transaction confirms on the blockchain. You can check Solana network status at status.solana.com before sending large amounts.
Monica uses real-time global Solana prices from CoinGecko API, giving you fair market rates without the 2-5% markups that P2P vendors typically charge. On a 100 SOL conversion, this can save you tens of thousands of Naira. Plus, with free deposits and free bank withdrawals, you keep more of your money. Check the BNB to Naira or USDC to Naira pages for similar benefits on other coins.
Free SOL deposits, 5-minute settlement, zero bank withdrawal fees. Join 500,000+ Nigerians on Monica.
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