Cost components for Bitcoin cashout: (1) Network fee paid to miners, $1–$8 typical. Unavoidable on any platform. (2) Conversion fee what the platform charges. Monica: 0%. Most exchanges: 0.5–1.5%. (3) Spread hidden markup between displayed and executed rate. Monica: 0%. P2P platforms: 1–3% typical. (4) Withdrawal fee naira-to-bank charge. Monica: 0%. Some platforms: ₦100–₦500. Total Monica cost: just network. Total typical alternative: network + 1–4%. On a ₦5M cashout, the difference is ₦50,000–₦200,000.
Direct conversion via Monica.cash at 0% transaction fee plus 0% bank withdrawal fee. The only cost is the onchain network fee, which goes to Bitcoin miners (not Monica).
In the Monica.cash app download from Google Play or App Store, complete KYC, get started.
0% on Monica for all conversions and bank withdrawals. Only onchain network fees apply, paid to validators (not Monica).
Sub-60 seconds typical for the Monica side (conversion + bank withdrawal). Onchain confirmation timing varies by coin and network.
0% fees. Under 60s payouts. 500K+ users. Built for Nigerian crypto reality.
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