Quidax Review 2026
Learn more about TU’s methodology
- $1
- Proprietary platform
- Native token QDX
Our Evaluation of Quidax
Learn more about TU’s methodology
Quidax is a cryptocurrency exchange with higher-than-average risk and the TU Overall Score of 3.04 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Quidax clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
Quidax is a regional exchange for residents of Nigeria and African countries with average market fee schedule that is promoting its native token QDX. According to analytical data, over 400,000 traders from 70 countries are clients of the exchange. However, the trading conditions still make this platform a regional one.
How we tested Quidax
Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
Brief Look at Quidax
Quidax is a small regional exchange launched in the middle of 2018 in Nigeria. The main focus of the exchange is a platform to buy/sell cryptocurrencies, although the launch of DeFi and NFTs is also in the plans. The exchange offers access to trading over 25 coins, but ВТС and BNB account for over 50% of the trading volume. The available currency pairs include cryptocurrencies combined with stablecoins and the national currency of Nigeria naira. The daily trading volume of the exchange is USD 8-10 million. Based on the summary of criteria, CoinMarketCap analytical portal assigned the exchange a rating of 3.4 out of 10.
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- High transaction processing speed;
- Order book that allows traders to quickly find the best prices;
- Technical solution that allows users to quickly exchange large amounts of cryptocurrencies. Proprietary app, which is a payment method for website owners.
- Withdrawal fee, and additional fees for faster withdrawal. High taker fee;
- No competitive advantages, unique products, instruments, etc.;
- It is impossible to work with USD and EUR.
TU Expert Verdict
Chief Analytics Officer
Quidax is a regional cryptocurrency exchange launched in Nigeria, offering access to trading more than 75 coins and supporting funding in naira and cryptocurrencies. The platform operates through its proprietary web and mobile apps, features an order book, and provides business accounts for legal entities. Security measures include mandatory KYC, two-factor authentication, and cold wallet storage for client assets. Quidax is government regulated in Nigeria, and its trading fees are competitive within the African market, with spot maker and taker fees at 0.1% and 0.15% respectively.
However, a notable drawback is that Quidax is not Tier-1 regulated, meaning trader protection is below what is available at better-known global platforms. Additional disadvantages include a modest selection of supported assets compared to major competitors, fees for withdrawals and quick transfers, and the inability to work with USD or EUR. As a result, Quidax may be suitable for users in Nigeria and nearby regions who prioritize local transfer options, but it may not be ideal for traders seeking the broadest asset coverage or the highest levels of regulatory protection.
Quidax Summary
Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
| 💻 Trading platform: | Proprietary platform |
|---|---|
| 📊 Accounts: | Client account |
| 💰 Account currency: | Nigerian naira (NGN) and cryptocurrencies |
| 💵 Deposit / Withdrawal: | N/a |
| 🚀 Minimum deposit: | 1$ |
| ⚖️ Leverage: | 1:1 |
| 💼 Copy Trading: | No |
| 📈️ Min Order: | N/A |
| 💱 Commission: | Spot: 0.1%-0.15% |
| 🔧 Instruments: | 75 supported coins, Fiat. |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | No |
| 📋 Order execution: | N/A |
| ⭐ Trading features: | Native token QDX |
| 🎁 Contests and bonuses: | No |
Quidax has a large fee schedule. The fees are divided into maker and taker fees, and there is also a transaction fee and withdrawal fee. The fees for any transfers of cryptocurrency beyond the platform are fixed in the withdrawal currency. There is also a 1% fee for quick money withdrawal (Instant Swap).
Quidax Key Parameters Evaluation
Regulation and Safety
With a 6.75/10 score, Quidax demonstrates a moderate level of security and regulation. While the platform meets basic safety standards, it may not offer the same level of protection as higher-rated exchanges.
- Cold wallet storage
- 2FA
- No successful hacks history
- Government-regulated
- Not U.S regulated
- No investor protection fund
- No facial recognition
Quidax Security Factors
We also compared Quidax against the top two competitors with the highest scores in our overall ranking based on the most critical security indicators.
| Quidax | Kraken | Coinbase | |
| Tier-1 regulation | No | Yes | Yes |
| Government-regulated | Yes | Yes | Yes |
| Investor protection fund | No | No | Yes |
| 2FA | Yes | Yes | Yes |
| Facial recognition | No | No | No |
| Cold wallet storage | Yes | Yes | Yes |
| Successful hacker attacks | No | No | Yes |
Is Quidax a regulated crypto exchange?
Quidax is regulated by a government authority, ensuring compliance with national and international standards. However, it does not hold Tier-1 regulation (e.g., in the U.S., UK, Germany, Spain, France, Australia, Singapore, or other jurisdictions with strict financial oversight). While this regulation provides an added layer of security and legitimacy, it may not offer the highest level of investor protection found in top-tier regulatory environments.
Quidax is authorized or licensed in accordance with local regulations in the following regions: Nigeria.
Is verification (KYC) mandatory at Quidax?
Yes, KYC verification is mandatory at Quidax. You will need to complete the verification process before you can open an account and access the platform's full range of services.
Is Quidax available in the USA?
Quidax is not available in the USA due to regulatory restrictions. In some cases, access might differ by state, so we recommend confirming details with the platform’s support or checking the official website for the latest updates.
You may also consider the top 3 exchanges that are available in the USA and rank highly based on our methodology: Kraken, Coinbase, OKX .
Quidax commissions and fees
Quidax received a 7.45/10 score for its trading fees. While Quidax is not the cheapest crypto exchange, the fees remain reasonable and competitive within the market.
- Spot fee below industry average
- No deposit fee
- Withdrawal fee may be applied
- P2P fee applied
What are Quidax trading fees?
We analyzed Quidax’s crypto fees and compared them to the top two competitors, both of which hold high average positions in our rankings. To establish a comprehensive benchmark, we also calculated the average fee score based on an evaluation of over 100 cryptocurrency exchanges.
Quidax trading fees vs competitors
| Quidax | Nexus Trade | CoinMetro | Industry average | |
| Spot, maker fee (%) | 0.1 | 0.22 | 0.1 | 0.15 |
| Spot, taker fee (%) | 0.15 | 0.22 | 0.2 | 0.194 |
What are Quidax deposit and withdrawal fees?
| Deposit fee, % | 0 |
| Withdrawal fee, % | 0.0005 BTC 0.005 ETH |
Does Quidax offer P2P trading?
Yes, Quidax offers a P2P trading platform. We have provided the fees for these transactions and compared them with competitors.Quidax P2P Fees
Deposit and Withdrawal
Quidax received a 5/10 rating for its deposit and withdrawal services. While Quidax covers basic payment options, the platform lacks some widely used methods that could improve user flexibility.
- No deposit fees
- Bank transfers for deposits and withdrawals
- Many cryptocurrencies for deposits and withdrawals
- P2P for flexible transfers
- No PayPal option
- Withdrawal fee applies
- No support for bank card payments
Deposit and withdrawal options
Quidax supports the following deposit and withdrawal options: Bank transfers, Crypto.
Quidax Deposit and withdrawal options vs competitors
| Quidax | Kraken | Coinbase | |
| Bank transfers | Yes | Yes | Yes |
| Bank card | No | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| PayPal | No | Yes | Yes |
What is Quidax minimum deposit?
The minimum deposit at Quidax is 10 USD/USDT or 1 BTC. The minimum trade size is 10 USD/USDT, which also serves as the minimum amount required to start trading on the platform.
Quidax minimum deposit vs competitors
| Quidax | Kraken | Coinbase | |
| Minimum deposit, USD or USDT | 10 | 10 | 10 |
| Minimum deposit, BTC | 1 | 1 | 1 |
| Minimum trade amount, USD/USDT | 10 | 1 | 2 |
Does Quidax support fiat money?
Quidax supports fiat currency trading and account funding. The following fiat currencies are accepted:
Supported coins & markets
Quidax received a score of 2.5/10 in this category, indicating a modest offering of assets and markets. While Quidax covers essential trading functions, the number of supported coins, fiat currencies, and investment tools may be insufficient for users seeking more comprehensive options.
- Fiat currencies supported
- Other supported products
- Copy trading not available
- Crypto options not available
Quidax supported coins and markets vs competitors
We compared Quidax with leading exchanges in terms of supported coins, NFT access, and derivatives like futures and options to help users assess the platform’s product range and trading flexibility.
| Quidax | Kraken | Coinbase | |
| Supported coins | 75 | 278 | 249 |
| Futures/Perpetual contracts | No | Yes | Yes |
| Options | No | No | No |
| NFTs | No | Yes | Yes |
Quidax passive income options vs competitors
We also compared Quidax with top competitors in terms of passive income opportunities such as staking, farming, and copy trading, to help users evaluate the platform’s earning potential beyond regular trading.
Trading apps & tools
Quidax received a score of 6.5/10 for offering a solid set of tools. The apps are intuitive and reliable, though certain advanced features remain limited or could benefit from further development.
- Advanced tools and automation with API
- Mobile indicators allowed
- Positive user feedback on the iOS app
- Android app score 4
- No Face ID
- No access to Copy Trading
- No trading bots for traders
Trading apps
Quidax provides web and mobile apps for both Android and iOS users, with an average rating of 4.5 on the App Store and 4 on Google Play. Our review focused on core features important to traders, particularly trading functionality and security tools, to evaluate how convenient and safe the Quidax platform is for mobile use.
| Quidax | Kraken | Coinbase | |
| 2FA | Yes | Yes | Yes |
| Face ID | No | No | No |
| Mob Indicators | Yes | Yes | Yes |
| Alerts | Yes | Yes | Yes |
| Advanced Orders | No | Yes | Yes |
| Trading with bots | No | No | No |
| API | Yes | Yes | Yes |
| Extra trading platforms | No | No | No |
Does Quidax offer a desktop app?
No, Quidax does not currently offer a desktop app. However, users can access the platform via its web version, which provides more comprehensive functionality compared to the mobile apps.
Does Quidax offer advanced charting with TradingView integration?
No, Quidax does not currently support TradingView integration. However, it provides its own built-in charting tools with basic indicators and timeframes.
Contacts
| Foundation date | 2018 |
|---|---|
| Registration address | San Gwann, NA - Malta, Malta |
| Official site | https://www.quidax.com/ |
| Contacts |
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