Monica vs Quidax
Quidax is a crypto exchange: an order book, an instant swap, Earn, an OTC desk and APIs for businesses. 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 quidax.io and support.quidax.io in October 2026.
Side by side
FAQ: Monica vs Quidax
Is Monica cheaper than Quidax?
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). Quidax's help centre lists a 0.1% maker and 0.1% taker fee on the order book, a flat ₦200 naira withdrawal fee plus ₦50 stamp duty on amounts of ₦10,000 and above, and free crypto receiving. Work out both for your own amount.
Which pays out faster, Monica or Quidax?
Monica pays naira into your bank within 60 seconds of the network confirming. Quidax's help centre says a market order on the order book fills immediately, and that you should allow 30 minutes to 1 hour for a naira withdrawal by Direct Bank Transfer; its Not quoted here; see their Google Play listing says you will get your funds in minutes. Both wait for the blockchain to confirm your deposit first.
Can I use both?
Yes. Many sellers do. Your Monica address does not change, so you can send to it from any app or wallet.
Where Quidax is the better choice
If you want to trade on an order book with limit orders, buy crypto with naira, earn on your holdings or move size through an OTC desk, Quidax is built for that and Monica is not. If you only ever sell, Monica removes the order, the fill and the withdrawal step.
Try it on a small amount first.
Send a few dollars of crypto, watch the naira land, then decide.