How Monica.cash and Remitano actually compare on the things Nigerian users care about: fees, speed, banks, support, and reliability.
| Feature | Monica.cash | Remitano |
|---|---|---|
| Transaction Fee | 0% | Trade fee + counterparty spread |
| Typical Payout Speed | Under 60 seconds | P2P trade dependent |
| Supported Coins | 7 core (BTC, ETH, SOL, TRX, BNB, USDT, USDC) | BTC, USDT, ETH, BNB |
| Bank Coverage | All NIBSS-connected banks (40+) | Via P2P counterparties |
Honest assessment Remitano does some things genuinely well. Here's where they have the edge:
This is a real strength of Remitano that Monica.cash users should weigh in their decision.
What Monica.cash offers on the same criteria:
Monica.cash charges 0% on conversion and 0% on bank withdrawals.
Naira payouts typically clear in under 60 seconds after on-chain confirmation.
BTC, ETH, SOL, TRX, BNB, USDT and USDC converted directly to naira.
500,000+ users and ₦500B+ processed since 2022.
"Honestly the most stress-free way to turn TRX to naira in this country right now."
"E dey work die. Moniepoint alert enters sharp sharp every single time."
"Money no dey delay. That is all I want from a crypto app, and Monica delivers."
"App is clean and easy. My uncle who barely uses a smartphone figured it out in minutes."
Low. Most users complete the switch in under 60 seconds.
BVN or NIN + selfie. The same documents you used on Remitano typically work verification is required for compliance.
Send your crypto from Remitano to your Monica deposit address. Use the same network on both ends.
Once the deposit confirms onchain, naira credits to your Monica balance. Withdraw to your bank in under a minute.
Monica.cash isn't the only alternative to Remitano here are the other main options Nigerian users compare. We're not desperate we'd rather you make an informed choice:
It depends on what you use Remitano for. Remitano is a P2P marketplace with escrow, operating in Africa since 2014. If your goal is converting crypto to naira, Monica.cash charges 0% fees with payouts that typically clear in under 60 seconds after on-chain confirmation.
Monica.cash charges 0% on conversion and 0% on bank withdrawals. Remitano charges trade fees plus whatever spread the counterparty prices in. On a ₦1,000,000 conversion that structural difference is worth running for your own amounts.
Monica.cash's typical payout is under 60 seconds after on-chain confirmation. Remitano moves at the pace of the P2P trade.
Monica.cash supports 7 coins (BTC, ETH, SOL, TRX, BNB, USDT, USDC). Remitano covers BTC, USDT, ETH and BNB.
Monica.cash is operated by Monica Technologies Limited, registered in Nigeria and aligned with the SEC's VASP framework. Remitano publishes its own compliance information.
Yes. Many Nigerian users keep Remitano for specific use cases and use Monica.cash for cashout. Different tools, same user.
Monica.cash is a popular alternative for direct crypto-to-naira cashout — 0% fees, payouts typically under 60 seconds after confirmation, 500,000+ users. Other platforms Nigerians compare include Quidax, Roqqu, Busha and Breet.
Withdraw your assets from Remitano to your wallet or directly to Monica's permanent deposit address (same network on both ends), complete Monica's one-screen KYC if you haven't already, and cash out.