What is Monica and how does it work?

Monica is Nigeria's cryptocurrency exchange and financial platform that lets you convert crypto (Bitcoin, USDT, ETH, BNB, TRX, SOL, USDC) to Naira instantly with zero bank transfer fees. Beyond crypto trading, it's a complete financial app where you can pay bills, buy airtime and data, send money to other users, access over 1,000 gift cards, and manage your finances all in one place.

How much does Monica cost?

Monica charges zero fees for bank transfers and crypto conversions. You get a 5% discount on airtime purchases, and all transactions are processed with no hidden charges.

What countries does Monica operate in?

Monica operates exclusively in Nigeria, built specifically for the Nigerian market with integrations across all 24+ Nigerian commercial banks.

How do I sign up for Monica?

Users can sign up for Monica by downloading the app and completing registration via the Android or iOS stores using phone number and identity verification.

Does Monica have a mobile app?

Yes, Monica is available on iOS and Android. You can download Monica on the App Store for iPhone, or get it on Google Play for Android.

Who is Monica best suited for?

Monica is best suited for Nigerians who trade cryptocurrency, need fast bill payments, want to buy airtime and data, send money to friends, or shop internationally using gift cards. It's designed for both first-time app users and experienced crypto traders.

How do I contact Monica support?

Support is available through in-app live chat, the online help center, or by emailing support@monica.ng.

Does Monica have a plan for teams or businesses?

Monica offers a dedicated business plan for verified Nigerian businesses that includes higher limits and multi-user management.

Monica

🇳🇬 Nigeria

A Nigerian fintech app for individuals to convert crypto to Naira, transfer to 30+ banks, pay bills, buy airtime/data, and use virtual dollar cards.

Use it on:Web Android· 4.6 iOS· 4.6

Monica is a Nigerian fintech app for individuals who want to convert cryptocurrency to Naira, make everyday payments, and move money to Nigerian bank accounts quickly.

Key capabilities include:

Crypto-to-Naira conversion with support for major assets such as Bitcoin (BTC), Ethereum (ETH), USDT, SOL, BNB, TRON, and USDC, with bank payouts typically within 5 to 40 minutes and withdrawals to 30+ Nigerian banks.
Bank transfers that send money to Nigerian bank accounts in under 2 minutes, available 24/7, with 0% fees on transfers.
Bills and top-ups, including airtime, mobile data, and utility payments such as electricity, TV, and internet, plus access to 1,000+ gift cards.
Virtual dollar card creation and funding for online payments where Visa or Mastercard is accepted.

Available on Web, Android, and iOS.

Built for Nigerian consumers, including freelancers, remote workers, and everyday users who receive crypto, need fast NGN settlement, and want an alternative to P2P crypto trading.

Notable in Nigeria for its emphasis on SEC compliance, AML policy, and avoiding P2P counterparty risk, alongside reported traction such as ₦400B+ in payouts, $350M+ converted to Naira, and 500k+ users.

As of Jun 29, 2026, Monica is rated 4.6 on the App Store from 13.9K reviews and 4.6 on Google Play from 10.1K reviews with 100K+ installs.

Social Links:

Categories:

Crypto & Web3 Fintech

Features & Business Model:

b2c bill-payments virtual-cards

Frequently Asked Questions About Monica

Recent Reviews for Monica

Excellent · 2 reviews

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Lisa Melz

NG · 1 review

Jun 27, 2026

Monica is the #1 app for me. I was able to convert my USDT to Naira instantly with zero transfer fees and at the best rates. The app is fast, safe and reliable. Guess what? I also paid for my Netflix subscription by purchasing gift card on the app and it works perfectly. To top it all, the Monica referral bonus is a plus. Imagine getting N3,000 every time for each of my referrals. Nothing beats this at all. Monica is the best and stands out from other apps every time and everyday. If you haven’t joined the Gheng yet, do it right now!

Esther Suwari

FR · 1 review

Jun 27, 2026

Monica makes crypto conversion very seem less for me i wasn’t a crypto person but using monica has made crypto very easy it’s also a user friendly app good rates and active customer support.