Quidax Exchange

Quidax

3.5/5 · Data verified on

Before SEC Nigeria licensed; 70+ crypto; solida compliance. only Nigeria; 400K users (small). only Nigeria; dimensioni ridotte

46
Transparency: Low
46/100 · see methodology

Data & conditions

Maker / Taker fee 0.3% / 0.3%
Markets Spot
Supported assets 40+
Fiat on-ramp Yes
Fund custody Custodial (platform holds funds)
KYC Full
Supported countries AFRICA · 1+ countries
OAM Italy registration No
Segment B2C
MiCA / License status SEC Nigeria ARIP SEC Nigeria (prima licenza)

Strengths

  • Before SEC Nigeria licensed; 70+ crypto; solida compliance.

Weaknesses

  • Only Nigeria; 400K users (small).

Verdict

B ★ 3.5/5

Before SEC Nigeria licensed; 70+ crypto; solida compliance. only Nigeria; 400K users (small). only Nigeria; dimensioni ridotte

Promp's editorial rating based on real fees and net annual cost. Promp reviews third-party products independently.

FAQ

What are Quidax Exchange's fees?

On Quidax Exchange, spot fees are maker 0.3% / taker 0.3%. They drop with monthly volume and VIP tier.

Is Quidax Exchange regulated in Europe?

Regulatory status of Quidax Exchange: SEC Nigeria (prima licenza). Licence: SEC Nigeria ARIP (NG).

Does Quidax Exchange publish Proof of Reserves?

Proof of Reserves publication is not documented for Quidax Exchange. No third-party reserve audit is documented. Reserve transparency is a critical factor after the FTX collapse.

Can I send transfers to third-party IBANs from Quidax Exchange?

No, Quidax Exchange is an exchange and does not allow transfers to third-party IBANs: fiat withdrawals return to a bank account in your own name.

Does Quidax Exchange support derivatives and futures?

Quidax Exchange does not offer derivatives: it focuses on spot trading.

Sources

Update history

  1. Entry rebuilt from the v2 canonical dataset (manually verified record).

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