More Nigerians are moving away from Binance P2P and other manual trading systems, turning instead to Monica Cash as concerns grow over delayed payments, failed confirmations, and disputes during Bitcoin-to-naira transactions.

Many crypto users say the stress of waiting for buyers to release payments or confirm transactions has become one of the biggest challenges with peer to peer trading, especially during periods of high transaction activity.

The situation has pushed more users toward automated crypto to naira platforms that allow direct withdrawals into local bank accounts without depending completely on manual coordination between buyers and sellers.

One platform increasingly gaining attention within that shift is Monica.cash, operated by Monica Technologies Limited, which has spent the last three years helping Nigerians process faster crypto to naira withdrawals and direct payouts.

The Monica.cash app supports conversion for BTC, USDT, ETH, BNB, TRX, SOL and USDC into naira through automated settlement systems designed to reduce delays linked to manual peer to peer trading.

Users within the Lagos crypto ecosystem say the platform is becoming more visible among freelancers, traders and remote workers looking for easier ways to sell bitcoin in Nigeria and receive payouts faster.

According to a crypto user based in Abuja, reliance on Binance P2P has reduced due to repeated transaction delays.

“Sometimes you wait too long before somebody confirms payment or releases crypto. I wanted something faster and less stressful. Monica Cash made the withdrawal process easier for me,” he said.

Another user involved in online freelance work said the platform had simplified how he handles stablecoin withdrawals from international clients.

“I receive payments in USDT, so I needed something reliable. Monica.cash helped me sell USDT in Nigeria without going through the usual delay problems linked to manual trading,” he said.

Nigeria remains one of Africa’s largest cryptocurrency markets despite uncertainty surrounding CBN crypto regulation and oversight of digital asset activities.

The increasing use of digital assets for remote work payments, online business transactions and cross border transfers has also contributed to rising demand for faster crypto cashout in Nigeria services and centralized crypto-to-fiat platform systems that reduce dependence on traditional P2P trading.

Some users also pointed to the Monica.cash app’s zero fee crypto in Nigeria model for selected transactions as one of the reasons the platform has continued gaining visibility among younger crypto users.