Plain explanations of stablecoins, supported assets, Nigerian crypto regulation and what any of it means for your money.
Monica Cash, Daya Coins and Vent pay naira straight into a Nigerian bank. Breet charges 1.5% falling to 0.5%, Quidax 0.1% as a taker. Every fee checked on 7 October 2026.
Buying, holding and selling crypto is legal for individuals in Nigeria. What the CBN actually restricted, who regulates it now, what you owe in tax since January 2026, and how to check an app.
A fake token can copy the name, ticker and logo exactly, so the address is the only part that identifies it. The five checks to run first, and the two routes that take a pasted address in Nigeria.
Luno still works in Nigeria, but charges 2% on an instant buy. What Quidax, Daya Coins, Busha, Breet and Roqqu charge instead, checked 24 September 2026.
Nigerian bank accounts get restricted after a crypto sale because of where the naira came from. What a Post No Debit is, how the chain actually works, and how to sell so a company pays you.
Binance's naira pairs went in 2024 and Quidax's P2P went in January 2026. For a merchant who needs naira liquidity, the order book is what's left, and two venues print a fee before you trade.
Some memecoins are listed on Nigerian apps and most are not. What each route costs, how to buy a token straight from its contract address, and how to get the naira back out.
Obiex advertises zero fees on every trade, so the cost sits in the rate it quotes you. Here's what Daya Pro, Quidax and the OTC desks publish instead, and what that means on a large USDT sale.
Monica Cash sells crypto for naira in under 60 seconds but won't let you buy. Here's how Daya Coins, Breet and Quidax compare on what they charge, what they take and how they pay out.
Breet charges 1.5% to sell under $1,000, dropping to 0.5% above $5,000. Here's what Daya Coins, Quidax, Monica Cash and Spenda charge to turn crypto into naira in your Nigerian bank account.
Spenda does two jobs: naira in your bank, and a USD virtual card. Here's who does each one, and what Daya Coins, Breet, Monica Cash and Quidax charge, checked 25 September 2026.
Quidax OTC starts above $100,000. Where a P2P merchant can trade USDT for naira below that, with minimums, opening hours and pricing side by side.
Occasional email when we publish something new on payments, FX and stablecoins.
