Sell USD Coin for Naira on Nigeria's #1 SEC-compliant crypto platform. 500,000+ users trust Monica for instant, automatic USDC to NGN conversion with zero deposit fees on all networks.
| USDC Amount | Naira (NGN) |
|---|---|
| 1 USDC | Loading... |
| 5 USDC | Loading... |
| 10 USDC | Loading... |
| 50 USDC | Loading... |
| 100 USDC | Loading... |
| 500 USDC | Loading... |
| 1,000 USDC | Loading... |
These rates are fetched live from the CoinGecko API. Since USDC maintains a stable $1.00 peg, the conversion rate is effectively the current USD to NGN exchange rate. Monica uses these same rates for automatic conversion when you deposit USDC. For calculations with other cryptocurrencies, use the Monica crypto calculator.
Download the Monica app on iOS or Android. Sign up with your email in under 2 minutes. You get USDC deposit addresses for multiple networks immediately.
Navigate to USDC deposit. Select your preferred network: Solana (fastest, cheapest), TRC20, BEP20, or ERC20. Copy your unique address for that network.
Open Coinbase, Binance, Trust Wallet, or any wallet. Send USDC to your Monica address on the correct network. All deposits are 100% free with no limits.
Monica automatically converts USDC to Naira at the live USD/NGN rate. Withdraw to any Nigerian bank free, or use your balance for airtime, bills, and virtual cards.
The entire process from sending USDC to receiving Naira takes approximately 5 minutes. Because USDC is a stablecoin pegged to $1.00, you always know exactly how much Naira you will receive — there is no crypto price volatility to worry about. This predictability makes USDC the preferred cryptocurrency for Nigerian freelancers, remote workers, and businesses that receive regular dollar-denominated payments. Monica's fully automated conversion eliminates P2P vendor delays, scam risks, and hidden fees. Over 500,000 Nigerians use Monica, which has processed more than 400 billion Naira in total conversions.
USDC (USD Coin) is a fully-backed stablecoin pegged 1:1 to the US Dollar, issued by Circle, a regulated American financial technology company. Unlike volatile cryptocurrencies such as Bitcoin or Ethereum, USDC maintains a constant value of $1.00 per token. This stability is achieved through full reserve backing — every USDC token in circulation is backed by an equivalent amount of US dollars held in regulated financial institutions and short-term US Treasury securities.
What sets USDC apart from other stablecoins is its transparency and regulatory compliance. Circle undergoes regular attestation reports by the independent accounting firm Grant Thornton, which verifies that the dollar reserves match the total USDC supply. This level of transparency has made USDC the stablecoin of choice for institutions, regulated businesses, and compliance-conscious individuals. In contrast, some competing stablecoins have faced scrutiny over their reserve backing and audit practices.
USDC is available on multiple blockchains including Ethereum (ERC20), Tron (TRC20), Binance Smart Chain (BEP20), Solana (SPL), Polygon, Avalanche, and more. This multi-chain availability means users can choose the network that best suits their needs in terms of speed and cost. Solana USDC transfers cost less than a penny and confirm in seconds, while Ethereum USDC provides the deepest liquidity and broadest exchange support, albeit with higher gas fees.
In Nigeria, USDC has become increasingly popular among remote workers, freelancers, and businesses that receive payments in US dollars. If you work for an international company or do freelance work on platforms like Upwork, Fiverr, Toptal, or Deel, receiving payment in USDC eliminates foreign exchange uncertainty entirely. Your $2,000 monthly salary in USDC will always be worth exactly $2,000 regardless of crypto market conditions, unlike receiving Bitcoin or Ethereum where the value could drop 10-20% before you convert. Monica accepts USDC deposits on all four major networks — ERC20, TRC20, BEP20, and Solana — all completely free, providing Nigerian users with the most flexible and cost-effective USDC to Naira conversion available.
USDC deposits are free on ERC20, TRC20, BEP20, and Solana. Choose the network with the lowest blockchain fee for your situation. Monica charges zero on all four.
USDC is pegged 1:1 to the US Dollar. Know exactly how much Naira you will receive before sending. No surprise price drops between sending and conversion.
After blockchain confirmation, Monica auto-converts USDC to Naira. Solana confirms in seconds, TRC20 in 3-5 seconds, BEP20 in 3-5 minutes, ERC20 in 1-5 minutes.
Transfer Naira to any Nigerian bank free of charge. GTBank, Access, First Bank, Zenith, UBA, Kuda, OPay, Moniepoint — all supported, all free.
Monica is fully SEC compliant with 500,000+ verified users and over 400 billion Naira processed. Your USDC conversions are safe, secure, and regulated.
Give clients your Monica USDC address. They pay in USDC, you receive Naira automatically. Perfect for remote work, contracts, and recurring salary payments.
| Feature | Monica | P2P Platforms | Other Exchanges |
|---|---|---|---|
| USDC Deposit Fee | Free (all networks) | 1-3% | 0.5-1% |
| Bank Withdrawal Fee | Free | Varies | NGN 50-500 |
| Supported Networks | 4 (ERC20, TRC20, BEP20, SOL) | 1-2 | 1-3 |
| 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 |
Ethereum is the original USDC network and has the deepest liquidity. If you are receiving USDC from Coinbase, Kraken, or institutional sources, they often default to ERC20. Confirmation takes 1-5 minutes. The drawback is higher gas fees ($2-50 depending on network congestion), but Monica charges zero on its end. Best for large transfers where the gas fee is a small percentage of the total.
The Tron network offers very low fees for USDC transfers, typically under $1. Confirmation is near-instant at 3-5 seconds. This is a great option if you are sending USDC from exchanges that support TRC20 withdrawals, such as Binance, Bybit, or OKX. Many Nigerian users prefer TRC20 for its balance of speed and low cost.
If your USDC is on Binance Smart Chain, use BEP20 to send to Monica. Network fees are $0.10-0.50 and confirmation takes 3-5 minutes. This is the natural choice for users withdrawing USDC from Binance exchange or BSC DeFi protocols like PancakeSwap and Venus.
Solana offers the fastest and cheapest USDC transfers. Fees are under $0.01 and confirmation happens in 1-2 seconds. If you have the option to choose, Solana is the recommended network for USDC deposits on Monica. Supported by exchanges including Coinbase, Binance, and Phantom wallet. For more on Solana, see our Solana to Naira guide.
Important: Always send USDC to the correct network address. Each network has a separate deposit address on Monica. Sending Ethereum USDC to a Solana address (or any cross-network transfer) will result in permanent loss of funds. When in doubt, send a small test amount first. Also see our guides on USDT to Naira, selling Bitcoin, and Ethereum to Naira.
USDC converts to Naira within 5 minutes after blockchain confirmation. Solana USDC confirms in 1-2 seconds, TRC20 in 3-5 seconds, BEP20 in 3-5 minutes, and ERC20 in 1-5 minutes. The total process from sending USDC to having Naira in your Monica balance takes about 5 minutes. Bank withdrawals then process within minutes.
Monica charges zero fees for USDC deposits on all four supported networks: ERC20, TRC20, BEP20, and Solana. Bank withdrawals to any Nigerian bank are also 100% free. The only cost is the blockchain network fee (paid to validators), which varies by network — under $0.01 on Solana, under $1 on TRC20/BEP20, and $2-50 on Ethereum depending on gas prices.
Use Solana (SOL) for the fastest and cheapest transfers (under $0.01 fee, 1-2 second confirmation). Use TRC20 for very low fees from exchanges like Binance. Use BEP20 when your USDC is on BSC. Use ERC20 when sending from Coinbase or exchanges that only support Ethereum USDC. All four are free to deposit on Monica.
USDC is generally considered safer because it is issued by Circle, a fully regulated US company with monthly reserve attestation reports by Grant Thornton. USDT (Tether) has faced controversies about its reserve backing and audit transparency. Both stablecoins work on Monica and both have free deposits. Many Nigerian professionals prefer USDC for larger amounts due to its stronger regulatory compliance. For USDT conversions, see our USDT to Naira page.
The live USDC to Naira rate is displayed at the top of this page and in the conversion table above. Since USDC is pegged 1:1 to the US Dollar, the rate essentially reflects the current USD/NGN parallel market rate. It updates every 60 seconds using CoinGecko API data. Use the Monica calculator for precise amounts.
Yes, and this is one of the most popular use cases. Give your international clients your Monica USDC deposit address on any supported network. They can send USDC from Coinbase, Binance, or any crypto wallet, and you receive Naira automatically within 5 minutes. This works perfectly for Upwork, Fiverr, Toptal, Deel, Remote.com, or direct client contracts. The stable $1 peg means no volatility risk between payment and conversion.
Monica has no strict minimum for USDC deposits. Any amount that arrives after the blockchain network fee is deducted will be converted to Naira automatically. There is also no maximum limit. Whether you convert $10 or $50,000 in USDC, the process and fees (zero) remain the same.
Absolutely. Monica is SEC compliant, serving over 500,000 verified Nigerian users with more than 400 billion Naira processed to date. All conversions are fully automatic with bank-level security, two-factor authentication, and cold storage for crypto assets. There is zero counterparty risk since no P2P vendor is involved.
Sending USDC on a network to the wrong network's address (for example, sending Ethereum USDC to a Solana address) may result in permanent loss of funds. Monica cannot recover cross-network transfers. Always verify both the network and the address match before sending. When in doubt, send a small test amount (like $5 USDC) first to verify everything works correctly.
You receive the current USD/NGN market rate at the time of conversion. Since USDC equals $1.00, if you send 1,000 USDC and the rate is NGN 1,580 per dollar, you receive NGN 1,580,000. The USDC price itself does not fluctuate (it stays at $1), but the USD/NGN exchange rate changes daily based on parallel market conditions. You can monitor the live rate on this page before sending.
Free USDC deposits on 4 networks, 5-minute settlement, zero bank withdrawal fees. Join 500,000+ Nigerians on Monica.
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