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Quidax is a crypto exchange platform in Nigeria where users can buy and sell crypto with Naira. In this article, we’ll be doing a review on Quidax.
What is Quidax?
Launched in 2018 after a period of alpha testing, Quidax is a peer-to-peer crypto trading platform where users can buy and sell cryptocurrencies in Naira.
After the ban on cryptocurrency in Nigeria, Quidax created a peer-to-peer exchange. Quidax P2P, allows users to easily fund their accounts with Naira.
Although it is fairly new, Quidax has risen to be known as one of the most popular crypto trading platforms in Nigeria by trade volume.
Major Features of Quidax
- Instant buy/sell
- Mobile app
- Crypto wallet
- Trade Chart
- QDX Token
- QDX Vault
How To Buy Crypto on Quidax
- Sign in to your Quidax account.
- Fund your local currency account (only Naira available at the time of writing this article).
- Click on the Instant Buy/Sell at the top of the website
- Select the currency you want to buy and the currency you would like to buy with.
- Then, enter the amount you want to buy. You can switch to either “Amount to Buy” or “Amount to Spend”.
- Then, click on ‘Buy’. Value for the currency you selected will reflect in your wallet instantly.
How To Sell Crypto on Quidax
- Sign in to your Quidax account.
- Fund your local currency account (only Naira available at the time of writing this article).
- Click on the Instant Buy/Sell at the top on website.
- On the Buy/Sell page, click on “Sell”.
- Select the currency you would like to sell and the currency you would like to sell for.
- Then, enter the amount you would like to sell. You could switch to either “Amount to Receive” or “Amount to Sell”.
- Then, click on Sell
Supported Cryptocurrencies on Quidax
The following are cryptocurrencies supported on Quidax
- Bitcoin (BTC)
- Ethereum Ether (ETH)
- Ripple (XRP)
- Litecoin (LTC)
- Dogecoin (DOGE)
- Binance (BNB)
- Polygon (MATIC)
- Pancake (CAKE)
- Stellar (XLM)
- Axie Infinity (AXS)
- Bitcoin Cash (BCH)
- Tezos Coin (XTZ)
- Wakanda Inu (WKD)
- Dash (DASH)
- Tether (USDT- BEP-20)
- Tron (TRX)
- Quidax Coin (QDX)
- Aave (AAVE)
- Shiba Inu (SHIB)
- Chainlink (LINK))
- Filecoin (FIL)
- BabyDoge Coin (BABYDOGE)
- Harmony (ONE)
- Solana (SOL)
- Floki Inu (FLOKI)
Transaction Fees on Quidax
1. Deposit Fee:
0.00 NGN – 100.000.00NGN = 250 NGN
100.001.00 NGN – 500.000.00NGN = 500 NGN
500,001.00 NGN – 2,000,000.00NGN = 1000 NGN
2,000,001.00 NGN – 5,000,000.00NGN = 1500 NGN
5,000,001.00 NGN – 20,000,000.00NGN = 2250 NGN
20.000.001.00 NGN – 50.000.001.00NGN =2500 NGN
50,000.001.00 NGN – 1,000,000,000.00NGN = 2500 NGN
2. Withdrawal Fee:
0.00 NGN – 100,000.00 NGN = 500 NGN
100.001.00 NGN -500.000.00 NGN = 1000 NGN
500.001.00 NGN – 2.000.000.00NGN = 2000 NGN
2,000,001.00NGN – 5,000,000.00 NGN = 3000 NGN
5,000.001.00 NGN – 20.000.000.00 NGN = 4500 NGN
20.000.001.00 NGN – 50.000.001.00 NGN =5000 NGN
50.000.001.00 NGN – 1.000.000.000.00 NGN = 5000 NGN
3. Send Fee:
| BTC – 0.0004 | XRP – 0.12 |
| TRX – 1 | BCH – 0.001 |
| DASH – 0.02 | BNB – 0.00075 |
| DOGE – 5 | SHIB – 50,000 |
| XTZ – 0.4 | FLOKI – 13,000 |
| AXS – 0.44 | XLM – 3 |
| LINK – 2 | AAVE – 0.2 |
| FIL – 0.05 | ONE – 4 |
| BabyDoge – 1 million | SOL – 0.01 |
4. Trade Fee:
Makers- 0%
Takers- 0.3%
Is Quidax Legit?
As mentioned earlier, although it was just launched in 2018, and is still regarded as fairly new, Quidax has risen to be among one of the best crypto exchange platforms in Nigeria.
Many users have left reviews online and mentioned it to be safe, secure, reliable, and trusted.
Its platform is easy to use with a user-centric interface. With 24/7 available customer support, you can reach out to a representative through any of Quidax social media accounts
