Quidax review (All you need to know)
Table of Contents
Quidax review (All you need to know)
Quidax is a cryptocurrency exchange that has begun operations in Nigeria.
Although registered in Malta, quidax opened operations to Nigeria in August 1st, 2018.
Quidax is one of the fastest growing exchanges and makes it very easy to buy or sell cryptocurrency.
In this quidax review, am going to be writing about everything you will need to know about quidax and if it is a legit platform to buy or sell cryptocurrency.
Let’s get into it then….
Table of contents
1. Quidax
2. Quidax supported cryptocurrencies
3. Quidax services
4. Quidax payment methods
5. Quidax transaction charges
6. Quidax supported countries
7. Quidax customer support
8. How to buy cryptocurrency on quidax
9. How to sell cryptocurrency on quidax
10. Is quidax legit?
11. Alternatives to quidax
12. Conclusion
Read my post on how to buy bitcoin in Nigeria
Quidax
Quidax is a cryptocurrency exchange that has begun operations in Nigeria.
Although registered in Malta, quidax opened operations to Nigeria in August 1st, 2018.
Quidax is one of the fastest growing exchanges and makes it very easy to buy or sell cryptocurrency.
Read my post on bitcoin ATM in Nigeria.
Quidax supported cryptocurrencies
Quidax supports the following cryptocurrencies
Bitcoin (BTC)
Ethereum ether (ETH)
Ripple (XRP)
Bitcoin cash (BCH)
Litecoin (LTC)
Dash (DASH)
Bitcoin Gold (BTG)
Tether (USDT)
Quidax services
Quidax services include:
Instant buy and sell
An exchange platform for real time trading
Wallets for 7 cryptocurrencies
One Fiat money
Instant buy and sell
This service entails buying or selling any of the 7 cryptocurrencies with the accepted Fiat currency (Nigerian naira).
Quidax exchange platform
This service is just like that of binance, here you use various indicators and charts to carry out analysis before trading crypto currency pairs.
Quidax wallet
Quidax provides a web wallet for all 7 available cryptocurrencies.
Quidax payment methods
Quidax supports the following payment methods:
Bank deposits
Card deposit
Ussd deposit
Quidax transaction charges
Deposit fee
Quidax does not charge for cryptocurrency deposit into it’s cryptocurrency wallets.
It does not also charge for Fiat (Naira) deposits. It however employs the services of RAVE by flutterwave to process payment.
RAVE has its own minor charges.
Withdrawal fees
A withdrawal charge of 200 naira applies on transactions.
Receive fees
It is free to receive cryptocurrency on quidax.
Send fees
The send fees doesn’t go to quidax but to the miners on the blockchain.
BTC …0.0002
LTC 0.002
ETH 0.002
XRP 0.12
BCH 0.001
BTG 0.001
DASH 0.02
Trade fees
Quidax applies the makers and takers fee model:
Makers fee : 0.2%
Takers fee : 0.2%
Quidax supported countries
Quidax supports all countries, but it only currently accepts one Fiat currency which is the Nigerian naira.
This means you will probably not find quidax very easy to use if you are not in Nigeria.
Quidax customer support
Quidax customer support can be reached by filling a query on the quidax official website.
You can also reach them on
Quidax does have a very good support base where you can get answers to any query you may have.
How to sell cryptocurrency on quidax
1. Go to the “instant buy/sell page, click on “sell”
2. Select the cryptocurrency you want to sell
3. Then, select the currency you want to sell for
4. In the amount to sell, enter the amount for the currency you are selling.
5. You can alternatively switch to “amount to receive” using the double arrows to the right of that field.
In this case, you input the amount of the asset you want to receive.
6. Confirm all the details
7. Click “sell”
How to buy cryptocurrency on quidax
1. Go to the “instant buy/sell page, click on “sell”
2. Select the cryptocurrency you want to buy
3. Then, select the currency you want to buy for
4. In the amount to buy, enter the amount for the currency you are buying with.
5. You can alternatively switch to “amount to buy” using the double arrows to the right of that field.
In this case, you input the amount of the asset you want to buy.
6. Confirm all the details
7. Click “buy”
Read my post on how to make money with bitcoin in Nigeria
Is quidax legit?
Quidax is still in it’s early phase. It only started operation in 2018.
My advice for anyone, is not to trade very high volumes with quidax, but it is definitely a good platform if you are just getting involved in the cryptocurrency business.
Alternatives to quidax
If you decide against using quidax, here are some good alternatives:
Naira2usd:
Naira2usd is an e-currency exchange in Nigeria, owned by simac c & s services and funds ( buy,sell and exchange).
You can buy perfect money, bitcoin, webmoney, ethereum, litecoin, dash, bitcoin cash e.t.c.
One advantage of the Naira2usd platform is that you can buy or sell e-currency without going through the usual rigorous verification process that other platforms put you through.
Naira4dollar:
Naira4dollar is a company of sunej global ventures limited, it is an e-currency exchange company that has been in operation since as far back as 2006.
Naira4dollar is registered with the CAC with registration code RC-1069456.
Instantgold Nigeria:
Instantgold Nigeria is a Nigerian e-currency exchange that was established in the year 2007, they specialize in the provision of fast and efficient e-currency exchange to their clients.
Nairaex:
Nairaex is a Bitcoin exchange platform that is based in abeokuta, ogun state, Nigeria.
Nairaex is into buying and selling of different types of e-currencies, unlike peer to peer exchange, that already have in stock whatever e-currency that you want to buy.
Luno
Luno is a cryptocurrency exchange were you can buy bitcoin, ethereum and Bitcoin cash.
Luno is a trusted exchange where you can buy cryptocurrency with naira. Luno’s interface is very simple and easy to understand.
Remitano
Remitano is owned by Babylon solutions limited, a Seychelles based company. It is a cryptocurrency exchange that was founded in 2014.
Remitano is not a direct exchange where you can buy e-currency from directly, but rather it is a peer to peer exchange.
Read my luno review
Conclusion
Thank you for reading my quidax review, I hope you now know everything about the cryptocurrency exchange called quidax.
If you have any questions, leave them below and I will tend to them as soon as possible.
Have you used quidax before? What was your experience like? leave your reviews below… Thank you for reading once again.
Read my post on how to start a bitcoin business in Nigeria
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One thought on “Quidax review (All you need to know)”
I just started using quidax last month and the platform is good and I just pray they last long and not to run with people s money