Nigerian engineers, PMs and designers in US tech supporting family and projects back home — the route that fits how this money actually moves.
Larger transfer sizes ($1,000–$10,000 for family, land, building projects) hit remitter caps and trigger reviews; percentage fees on these amounts are painful; wire transfers take days and land at poor rates.
USDC from Coinbase (often free to buy) or USDT from Kraken to a Monica address moves any size for ~$1 with no caps, converting at the live open-market rate — on a $5,000 transfer, escaping fees and payout-rate margins is routinely worth ₦100,000+.
Your family member (or you, on the Nigeria side) downloads Monica from Google Play or the App Store and completes KYC — BVN or NIN plus a selfie, about 4 minutes.
Inside the app, choose USDT and pick a network — TRC-20 is the popular choice for remittance because the network fee is about $1 and confirmation takes seconds to a couple of minutes.
From any exchange or wallet abroad — Coinbase, Kraken, Binance, Bybit, or a self-custody wallet — send USDT to the Monica address. The blockchain doesn't care about borders, weekends, or banking hours.
Once the deposit confirms on-chain, naira credits the Monica balance at the live rate. Bank withdrawal completes in under 60 seconds — Opay, Kuda, GTBank, Zenith, all Nigerian banks.
"Sent $500 from the US on a Sunday night. My brother confirmed the Kuda alert before we finished the phone call."
"I used to lose almost ₦40,000 in fees every month sending through Ria. Switched to USDT and my mum gets the full amount in her Zenith Bank."
"I japa'd two years ago. Every app I tried had limits or delays. USDT plus Monica is the only route that has never failed me."
"Rent for my family house in Surulere goes through this route now. Landlord gets a bank transfer, I pay no remittance fee at all."
Nigerian engineers, PMs and designers in US tech supporting family and projects back home.
Larger transfer sizes ($1,000–$10,000 for family, land, building projects) hit remitter caps and trigger reviews; percentage fees on these amounts are painful; wire transfers take days and land at poor rates.
USDC from Coinbase (often free to buy) or USDT from Kraken to a Monica address moves any size for ~$1 with no caps, converting at the live open-market rate — on a $5,000 transfer, escaping fees and payout-rate margins is routinely worth ₦100,000+.
A verified Monica account — BVN or NIN plus a selfie, about 4 minutes — and any Nigerian bank account.
About $1 in network fees per transfer, any size. 0% platform, conversion, and withdrawal fees on the Nigeria side.
Yes. Following the CBN's December 2023 reversal of the 2021 banking restriction and the SEC's Virtual Asset Service Provider (VASP) framework — with provisional licences issued to Nigerian exchanges from August 2024 — receiving and converting stablecoins is legal in Nigeria.
The setup is the slow part — 4 minutes, once. Every transfer after that takes two.
Download Monica