Nigeria's fastest way to convert USD Coin to Naira. Free deposits, automatic settlement, withdraw to any Nigerian bank in 5 minutes.
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Deposit USD Coin to your Monica wallet with zero fees on both Ethereum and Solana networks. No hidden charges, no surprises.
Your USDC automatically converts to Naira within 5 minutes. No P2P vendors, no manual processing. Instant and automatic.
Withdraw Naira to GTBank, Access, First Bank, Kuda, or any Nigerian bank with zero fees. Keep 100% of your money.
Monica is SEC compliant with 500,000+ verified users. Your USDC conversion is safe, secure, and regulated.
USDC is pegged 1:1 to the US Dollar. Convert knowing you'll get exactly the USD/NGN rate with no crypto volatility risk.
Our in-app support team is available 24/7 to help with any questions about converting USDC to Naira.
Download Monica app from App Store or Google Play. Sign up with your email in under 2 minutes.
Navigate to USDC deposit. Choose Ethereum (ERC20) or Solana (SPL) network. Get your unique address.
Send USDC from any wallet (Coinbase, Binance, Trust Wallet) to your Monica address. Free deposits, no limits.
Your USDC converts to Naira in 5 minutes. Withdraw free to any bank or pay bills, buy airtime instantly.
Unlike Bitcoin or Ethereum that can swing 10-20% daily, USDC maintains a stable $1 value. If you receive $1,000 USDC today, it's still worth $1,000 tomorrow. This makes USDC ideal for freelancers, businesses, and anyone who needs predictable Naira amounts without worrying about crypto price crashes.
USDC is issued by Circle, a regulated US company. Every USDC is backed 1:1 by real US dollars held in bank accounts and US Treasury bonds. Monthly attestations verify the reserves. This transparency makes USDC more trustworthy than algorithmic stablecoins that can de-peg.
If you work remotely for international companies or do freelance work on platforms like Upwork or Toptal, receiving payment in USDC eliminates foreign exchange uncertainty. Your $2,000 monthly salary in USDC will always equal $2,000, no matter when you convert to Naira.
While USDT dominates the stablecoin market, USDC often has lower transaction fees on networks like Solana. Sending USDC via Solana costs less than ₦5, making it perfect for small transactions that USDT-ERC20's high gas fees make impractical.
| Feature | USDC | USDT | Bitcoin |
|---|---|---|---|
| Price Stability | $1.00 fixed ✓ | ~$1.00 fixed ✓ | Highly volatile |
| Monica Deposit Fee | FREE ✓ | FREE ✓ | $2 flat |
| Regulatory Status | Fully regulated, audited ✓ | Limited transparency | Decentralized |
| Network Options | Ethereum, Solana, more | Tron, Ethereum, BSC | Bitcoin only |
| Best For | Salary, contracts, stability | Trading, high volume | Long-term savings |
| Trust Factor | High - US regulated ✓ | Medium - some concerns | High - decentralized |
Use Solana network (SPL) for fastest, cheapest transfers (~₦5 fee, 1-2 seconds). Use Ethereum network (ERC20) when receiving from major exchanges like Coinbase or Kraken which default to Ethereum. Always double-check the network before sending!
USDC converts to Naira within 5 minutes after confirmation. Solana USDC confirms in 1-2 seconds, Ethereum USDC in 1-3 minutes. Total process from sending USDC to having Naira: about 5 minutes. You can withdraw to your bank account immediately after.
If you're sending from Coinbase or Kraken, use Ethereum (ERC20). If you're sending from Binance or another exchange that supports multiple networks, use Solana (SPL) for much lower fees (₦5 vs ₦500+). Monica supports both - just make sure you send to the correct address for each network.
Monica charges ZERO fees for USDC deposits on any supported network (Ethereum, Solana). Bank withdrawals are also 100% free. The only cost is the blockchain network fee (paid to miners/validators), which is ~₦5 on Solana or ₦200-500 on Ethereum depending on gas prices.
USDC is generally considered safer because it's issued by Circle, a fully regulated US company with monthly reserve attestations. USDT has faced controversies about reserve backing. Both work on Monica, but many Nigerian professionals prefer USDC for larger amounts because of the regulatory clarity.
Yes! Binance supports USDC withdrawals. When withdrawing from Binance, select USDC, choose either Ethereum (ERC20) or Solana (SPL) network, and paste your Monica USDC address for that specific network. We recommend Solana for lower fees. Your USDC will arrive in 1-5 minutes.
The minimum is $10 USDC (~₦15,800). There's no maximum limit. Most Nigerian users convert $100-$5,000 per transaction. For businesses or high-volume users, Monica supports unlimited transactions with the same 5-minute settlement.
You'll get the current USD/NGN market rate at the time of conversion. Since USDC = $1, if you send 1,000 USDC and the rate is ₦1,580/$1, you get ₦1,580,000. The crypto price doesn't fluctuate, but USD/NGN exchange rate changes daily based on the parallel market.
Yes! Give your clients your Monica USDC deposit address. They can send USDC from Coinbase, Binance, or any crypto wallet. You receive Naira automatically 5 minutes after they send. Perfect for Upwork, Fiverr, Toptal, or direct client contracts.
Always send to the correct network address! If you send Ethereum USDC to a Solana address (or vice versa), the funds will be lost permanently. Monica cannot recover cross-network transfers. Double-check the network before sending. When in doubt, send a small test amount first.
Free deposits • 5 minute conversion • Zero withdrawal fees • 24/7 support
Download Monica AppAvailable on iOS and Android • SEC Compliant • 4.8/5 Rating