Quidax — review & details

In Crypto exchanges · By the Rateweb editorial team · How we rate · Details checked 18 Jul 2026

Nigeria's first SEC-licensed crypto exchange (home-grown) — the strongest local regulatory standing, with a direct naira rail.

SEC-licensed

Quidax

Nigeria's first SEC-licensed crypto exchange (home-grown) — the strongest local regulatory standing, with a direct naira rail.
★★★★☆
4.4/5 · How we rate
SEC-licensed (Nigeria)
Regulation
Direct (bank)
Naira Onramp
Local, regulated buying
Best For
Low local rates
Trading Fee
Pros
  • First SEC-licensed NG exchange — real local oversight + recourse
  • Direct naira deposits/withdrawals
  • Home-grown, built for the NG market
Cons
  • Fewer coins than the global giants
  • Crypto itself is volatile — you can lose money
  • Confirm current fees in the app
Fees, eligibility & documents
Fees
Trading feeApplies per trade - confirm in-app
Naira depositDirect naira on/off-ramp
WithdrawalNetwork fee (varies; TRC20 usually cheapest)
Eligibility
  • 18+ Nigerian resident
  • Active BVN
  • A Nigerian bank account for naira rails
Documents needed
  • BVN
  • Valid ID
  • Selfie / phone number for KYC
Visit Quidax
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Our in-depth, independent review of Quidax — how it works, the risks, and the fine print.
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How Quidax compares in crypto exchanges

Quidax scores 4.4/5 in our crypto exchanges rankings. It's our current top pick in this category. Always compare a few before you decide — see the full crypto exchanges comparison.

Quidax
4.4/5 · this page
 Busha
4.2/5
 Luno
4.1/5
Regulation SEC-licensed (Nigeria) SEC-licensed (Nigeria) SEC incubation (ARIP)
Naira Onramp Direct (bank) Direct (bank) Direct (bank)
Best For Local, regulated buying Simple naira buying First-time buyers
Trading Fee Low local rates Low local rates Low local rates
Visit Quidax → Visit Busha → Visit Luno →

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Details last checked: July 2026

Ratings are Rateweb's editorial opinion. Product details are checked periodically but can change — confirm current terms with the provider before acting. We may earn a commission from some links, at no cost to you.