quidax review
Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Quidax is a Nigerian centralised exchange, so it suits traders in Nigeria who fund an account by bank transfer and hold a modest coin list, while UK and European readers are not the target market. Trading costs sit low, with a taker fee of 0.1% against a site median of 0.25%.
Key facts
- Best for
- Nigerian traders funding an account by bank transfer
- Taker fee
- 0.1%↗
- Coins listed
- 81↗
- Regulators
- Securities and Exchange Commission of Nigeria (SEC Nigeria)↗
- Fiat deposit methods
- Bank↗
- Maker fee
- 0.07% to 0.1%↗
- Withdrawal fee
- NGN 200 flat on direct bank transfer, plus NGN 50 stamp duty for amounts of NGN 10,000 and above↗
- Exchange type
- Cex↗
- Legal entity
- Quidax Technologies Limited↗
- Headquarters
- Nigeria↗
- Support channels
- Help-centre, Community↗
- Features
- Custodial, Staking
- Official website
- quidax.io
Apps and profiles
- Get the app
- Google Play
- Elsewhere
- Xfacebook.com
Pros and cons
Pros
- Taker fee of 0.1% sits below the site median of 0.25%
- Maker fees of 0.07% to 0.1% reward limit orders on 81 coins
- Staking is part of the custodial and staking set
Cons
- Headquarters sit in Nigeria, so availability outside Nigeria is not established
- Custody is custodial, so Quidax holds the coins rather than the customer
- Fiat deposits run through bank only, and support runs on help centre and community only
Who it suits
- Traders in Nigeria who can fund an account by bank
- Traders who want staking and are comfortable with custodial
- Traders after 81 coins rather than a long tail of assets
Who should look elsewhere
- Readers who want a provider in their own UK or European market
- Self-custody holders, who should weigh eToro or Vivid Plus instead
- Traders who need live chat or phone, since support runs on help centre and community only
Deposit protection
Quidax is regulated by the Securities and Exchange Commission of Nigeria (SEC Nigeria), which is the body that supervises exchanges in its home market. The listed licence covers a Nigerian operation, not a UK or European one, and no deposit protection scheme is stated alongside it. Coins are held under a custodial arrangement, so the exchange rather than the customer holds the balance. The legal entity behind the service is Quidax Technologies Limited.
How quidax compares
8.8 vs 9.5
8.8 vs 9.3
8.8 vs 9.4
8.8 vs 9.4
8.8 vs 8.5
8.8 vs 9.4
8.8 vs 8.7
8.8 vs 9.2A taker fee of 1% and a wider market reach suit readers outside Nigeria.
8.8 vs 9.4
8.8 vs 8.7
8.8 vs 9.3
8.8 vs 9.0
8.8 vs 9.0
8.8 vs 9.2
8.8 vs 9.0
8.8 vs 8.6
8.8 vs 8.3
8.8 vs 9.4
8.8 vs 9.4
8.8 vs 9.3
8.8 vs 9.3
8.8 vs 9.3
8.8 vs 9.3
8.8 vs 9.3
8.8 vs 9.2
8.8 vs 9.2
8.8 vs 9.2
8.8 vs 9.2
8.8 vs 9.1
8.8 vs 9.1
8.8 vs 9.0
8.8 vs 9.0
8.8 vs 9.0
8.8 vs 9.0
8.8 vs 8.9
8.8 vs 8.5
8.8 vs 8.4- 8.8 vs 8.0
Where quidax is available
- Available
- Nigeria
- Licence in Nigeria
- Securities and Exchange Commission of Nigeria (SEC Nigeria), checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What are Quidax trading fees?+
The taker fee is 0.1%, and maker fees of 0.07% to 0.1% apply to limit orders. The site median taker fee is 0.25%, so Quidax prices on the cheaper side of the market. The exchange lists 81 coins for trading.
How is Quidax regulated?+
Quidax is regulated by the Securities and Exchange Commission of Nigeria (SEC Nigeria), the supervisor named for its home market. The licence covers a Nigerian operation, and the legal entity is Quidax Technologies Limited. No protection scheme is stated alongside the licence.
Who holds the coins?+
Custody is custodial, so Quidax holds the balance on the customer's behalf rather than the customer holding the keys. Readers who want to hold assets themselves should weigh a self-custody provider instead. The custodial and staking set adds staking on top of the custodial setup.
How do I deposit and withdraw money?+
Fiat deposits run through bank, so funding depends on a bank transfer rather than a card. Withdrawals carry a flat fee on direct bank transfer plus a stamp duty charge on larger transfers. Support for either step runs on help centre and community only.
What platform does Quidax run on?+
Quidax runs a mobile app, and the exchange type is cex. Trading, staking and balances are all handled inside that app. The head office is in Nigeria, which shapes where the service is aimed.
Is Quidax suitable for UK and European readers?+
The licence and funding routes point to a Nigerian market, with deposits through bank only. Readers wanting a home market provider or a self-custody wallet have alternatives on the shortlist. Support runs on help centre and community only, which is worth weighing before opening an account.
How much do withdrawals cost?+
Direct bank transfers carry a flat charge, and a stamp duty charge applies on transfers from a set amount upward. The charge is separate from the 0.1% taker fee and the 0.07% to 0.1% maker fee, so trading and cashing out both carry a cost. Bank is the listed route for both directions.
Sources
- support.quidax.io/hc/en-us/articles/360016166012-What-fee... checked September 26, 2026
Backs: Coins listed, Fiat deposit methods, Maker fee, Taker fee, Withdrawal fee
“Here is a list of fees we charge: Coins / Network Supported / Activity Supported / Send Fee”
- quidax.com/c/terms-of-use checked September 26, 2026
Backs: Exchange type, Features, Legal entity
“govern your access to and use of the Quidax cryptocurrency exchange platform”
- quidax.io checked September 26, 2026
Backs: Headquarters, Regulators, Support channels, Licences
“Quidax is licensed by the Securities and Exchange Commission of Nigeria”
- quidax.io/c/terms-of-use checked September 26, 2026
Backs: Custody, Wallet type
“Quidax shall retain full ownership and control of the Private Keys associated with your Quidax Account”
Compiled from 4 source pages, checked September 26, 2026. We did not open an account.