Monica review: what it does, and how Yesa differs

Converts crypto to naira on arrival and pays the naira to your bank, with bills and a virtual dollar card from the same balance, per its site. This review sets out what Monica says about itself, what we could and could not find, and where it differs from Yesa, so you can pick the one that fits how you cash out.

4.7smedian bank payout on Yesa, measured across 1,700 payouts
15K+active users

Monica at a glance

Facts as Monica publishes them, checked 24 September 2026.

Monica (per its site)Yesa
What it isConverts crypto to naira on arrival and pays the naira to your bank, with bills and a virtual dollar card from the same balance, per its siteSell or buy crypto and sell gift cards for naira, with bills and airtime from the same balance
Sell crypto for nairaYes: send BTC, USDT, ETH, SOL, TRX, BNB or USDC to your Monica address and it converts on arrival, paid to your bankYes, at the rate on screen before you send
Buy crypto with nairaNot published on its siteYes, ten coins, from a Yesa balance or by bank transfer
Swap between coinsNot published on its siteYes
Gift cardsGift cards can be bought from the balance, per its site; selling gift cards is not statedYes, sold for naira
Bills and airtimeAirtime, data, DStv, GOtv, electricity and betting wallets, per its siteAirtime, data, TV and electricity
Fee on a sale0% fees, advertised on its siteZero sell fees on crypto and gift cards
Rate shown before you commitConverts at the live rate when your deposit arrives; no figure to approve firstOn screen before you send or confirm
Payout to a Nigerian bankNaira in your bank within 60 seconds of on-chain confirmation, claimed on its site; not published measurementsMedian 4.7 seconds across 1,700 measured payouts; historical, not a guarantee
MarketsNigeria, per its siteNigeria
AppsiOS and AndroidAndroid and iPhone
Store listingGoogle Play 100K+ downloads, 4.5; its site says 500,000+ usersGoogle Play 4.7 from 64 reviews

Where Monica is different

What Monica offers, as it describes it, beside how Yesa handles the same thing.

Monica (per its site)Yesa
1Seven coins convert on arrival at the live rate and the naira goes to your bank; no figure to approve first.The naira figure is on screen before you send, and the sale settles at that figure.
2Advertises 0% fees and a payout within 60 seconds of confirmation, as marketing claims.Zero sell fees, and a measured payout median of 4.7 seconds across 1,700 payouts, slow tail disclosed.
3Bills, a virtual dollar card and naira transfers from the balance; buying crypto and selling gift cards not listed.Buying and selling crypto, gift cards sold for naira, and bills from one balance.

What to check before you use Monica

None of this makes Monica a bad choice. It means the answer depends on what you are cashing out and how you want to be paid.

How Yesa is different

The rate is on your screen first

You see the naira figure before you send crypto or upload a card, and the sale settles at that figure.

Zero sell fees

On crypto and on gift cards, the amount on your screen is the amount that lands in your naira balance.

Both directions

Sell crypto for naira, or buy ten coins with naira from your balance or by bank transfer, in one app.

One balance for everything

Gift cards, airtime, data, TV and electricity from the same naira balance, and withdrawals to any Nigerian bank, with a measured median payout of 4.7 seconds across 1,700 payouts.

Which one suits you

Monica suits you if you only ever sell, and want it paid to your bank with no steps.

Yesa suits you if you want the figure on screen before you send, want to buy as well as sell, or sell gift cards from the same app.

The full side-by-side is on Yesa vs Monica, and every platform we have reviewed is listed on Yesa compared.

Related guides

Monica: common questions

Is Monica legit?

Monica is an operating platform with a live app and website; our facts about it come from those. What we could not find on its site is marked as not published. Nigeria's Securities and Exchange Commission regulates digital asset services under the Investments and Securities Act 2025. Any platform's current standing is best checked on the SEC's own website, not on a competitor's page, including this one.

Does Monica charge a fee to sell?

0% fees, advertised on its site.

Can I buy crypto on Monica?

Monica's website does not state whether you can buy crypto with naira. On Yesa you can, from a Yesa balance or by bank transfer.

How fast does Monica pay out?

Naira in your bank within 60 seconds of on-chain confirmation, claimed on its site; not published measurements.

What is a good Monica alternative?

If you want the rate on screen before you send, zero sell fees and both buying and selling in one app, that is what Yesa is built for. Yesa vs Monica lays the two side by side.

The Yesa Team. Details checked 24 September 2026. Yesa publishes this page and benefits if you choose Yesa. Facts about other platforms come from their own websites and store listings on the date shown; we state what each one publishes and say what we could not find. If you spot an error, email support@yesaapp.ng and we will correct it.

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