For nigerian receiving usd from abroad via wise (formerly transferwise) — the cleanest crypto-to-naira route in Nigeria.
Wise charges 1-2% per transfer and locks funds for 1-3 days. Crypto direct + Monica clears in minutes at zero fee.
Wise has historically been the cleanest Western remittance option for Nigerians. Crypto rails now beat it on speed and cost.
Sender sends USDT to your Monica address; you receive naira in your Nigerian bank within minutes.
Download from Google Play or App Store. Complete one-screen KYC (BVN/NIN + selfie, ~4 minutes).
Choose USDT (most common for this use case). Copy the permanent address and save it.
Share your Monica address with the sender (client, employer, sponsor, family). Crypto deposits typically confirm in 30s to 3 minutes.
Once confirmed, naira credits to your Monica balance at live rate. Withdraw to your bank — Opay, Kuda, GTBank, Zenith, all banks supported.
"Support actually replied on WhatsApp and sorted my issue the same day. Rare these days."
"Small gripe — it logged me out once and I had to sign in again. But payouts are genuinely instant."
"E dey work die. First Bank alert enters sharp sharp every single time."
"The rate is the rate. After years of P2P arguments, that peace of mind is everything."
Sender sends USDT to your Monica address; you receive naira in your Nigerian bank within minutes. The same flow that works for any Monica user — deposit crypto to a permanent address, naira credits at the live rate, withdraw to your Nigerian bank in seconds.
USDT, USDC. All major networks supported. The most common choice for this persona is USDT.
$200–$10,000 per transfer. Monica handles all of these — verified accounts have ₦50M/24h default limits with higher available on request.
Sub-60 seconds typical. Digital banks (Opay, Kuda, Moniepoint) clear in 5–10 seconds; tier-1 commercial banks (GTBank, Zenith, Access) clear in 30–60 seconds via NIBSS.
No. 0% fees apply universally on Monica. Only on-chain network fees (paid to validators/miners) apply, and those exist on any platform.
Monica is Nigerian-focused — the conversion is to naira, the bank withdrawal is to Nigerian banks. The crypto deposit can come from anywhere globally.
Yes. Following the CBN's December 2023 reversal of the 2021 banking restriction and the SEC's VASP framework, crypto-to-naira conversion is legal across Nigeria.
In-app live support is 24/7 with average two-minute response. Common questions for this use case are well-handled.
0% fees, sub-60s payouts, all Nigerian banks. Built for the situations Nigerians actually face.
Download Monica