Busha describes itself as an SEC-licensed digital asset exchange and money app: you sell your crypto in the app, then withdraw the naira. Monica is a sell-only off-ramp: you send crypto and the naira goes to your bank. Here is how the two compare, checked against support.busha.io and the Busha Play listing in October 2026 (busha.io did not load from our location).
Checked October 2026
| What matters | Monica | Busha |
|---|---|---|
| How you sell | Copy your address, send, done. No sell button. | Deposit to your Busha wallet (Deposit, Receive Crypto, choose the asset and network) (support.busha.io), then "Trade", "Sell", choose the coin, enter the amount, "Confirm". "Sell transactions are completed instantly" (support.busha.io). |
| Payout to your bank | Within 60 seconds of on-chain confirmation | Separate withdrawal after the sell. Play listing: "quick payouts to your registered bank account" (Google Play). No processing time published on support.busha.io (checked October 2026). |
| Fees | 0% conversion, 0% withdrawal. Free deposits on USDT, USDC, ETH, SOL, TRX and BNB; flat $2 on Bitcoin. | No sell-fee figure published on support.busha.io (checked October 2026). "The rates displayed are exclusively the Busha rates" (rates article). Sending fees per coin are listed, for example "USD Tether (TRC20): 5 USDT" (sending fees). |
| Coins and networks | 7 coins: BTC, USDT, USDC, ETH, SOL, TRX, BNB | No full list published on support.busha.io. Its sending-fees page names BTC, ETH, TRX, XRP, BNB, LTC, NGNT and USDT on ERC20, BEP20, TRC20, Solana and Plasma (support.busha.io); the help centre says "a wide range of supported cryptocurrencies in Nigeria" (What is Busha). |
| Minimum deposit | No minimum deposit | Minimum sell: "as little as 250 Naira worth of that asset" (support.busha.io). Minimum crypto deposit not published (checked October 2026). |
| Counterparty | None. Monica pays from its own settlement account. | Busha itself: "you can sell your cryptocurrency directly to us" (support.busha.io). |
| Google Play reviews | 4.5★ · 13,000+ on Google Play | Not quoted here; see their Google Play listing |
| Nigerian SEC posture | VASP-framework aligned | SEC provisional DAX. Busha's help centre: "provisional license from the Nigerian Securities and Exchange Commission (SEC)" (support.busha.io). |
| Other products | Bills, virtual dollar card | Buy, Busha Grow (savings), Busha Spend (airtime, data, cashback), asset-backed loans, limit orders, recurring buys, Busha Business (Google Play). |
Checked against each company's own website and app store listing in October 2026. Competitor claims are their own. Monica is a direct crypto to naira off-ramp operated by Monica Technologies Limited, Lagos.
Monica charges a 0% conversion fee and a 0% bank withdrawal fee. Deposits are free on USDT, USDC, ETH, SOL, TRX and BNB, with a flat $2 fee on Bitcoin deposits (see our fees page). Busha does not publish a sell-fee figure on support.busha.io; its help centre says the rates displayed are exclusively the Busha rates, and lists a sending fee per coin for crypto you send out. Check the rate each app shows you for your own amount.
Monica pays naira into your bank within 60 seconds of on-chain confirmation. Busha's help centre says sell transactions are completed instantly and you receive your equivalent amount within minutes, with the bank withdrawal a separate step; its Not quoted here; see their Google Play listing says quick payouts to your registered bank account. Neither page gives a bank-arrival time.
Yes. Many sellers do. Your Monica address does not change, so you can send to it from any app or wallet.
If you want to buy crypto, hold it, earn on it or borrow against it, Busha offers all of that and Monica offers none of it. If you only ever sell, Monica removes the sell step and the withdrawal step.