quidax review

A market order pays a taker fee of 0.1%, and a limit order pays a maker fee of 0.07% to 0.1%. That taker fee is under the site median of 0.2%, so trading costs sit below what the median brand on the site charges. Quidax runs as a custodial exchange, so that fee is the main ongoing cost to weigh.

Quidax is registered with Securities and Exchange Commission of Nigeria (SEC Nigeria) in Nigeria, and the company behind the platform is Quidax Technologies Limited. That is a local licence, which is the part that matters for account safety and for dispute handling, and it means the terms read differently for anyone trading from outside Nigeria.

Deposits run through bank transfer, which is the most common funding route among the exchanges compared here. Since Quidax is based in Nigeria, naira is the natural currency for the account, and card deposits are not part of the listed methods.

Withdrawals are charged separately from trading: a flat fee applies on direct bank transfer, and duty is added on larger amounts. Because the account is funded through bank transfer, cashing out follows the same rail, so plan for a fixed charge plus duty on bigger withdrawals rather than a percentage of the amount.

The exchange lists 81 coins, which puts it above the site median of 62 and below the 344.5 upper end of the range. That covers mainstream pairs; the long tail of small-cap tokens is not what the platform is built for.

Quidax is a cex, so the platform holds the coins for you rather than handing over keys. custodial and staking means staking is available on the balance, which suits holders who want idle coins doing something without moving them to another wallet.

Support runs through help centre and community, which means self service articles plus a community space. There is no phone line or live chat listed, so a time sensitive problem with a transfer or a trade is harder to push along than on an exchange with direct contact options.