Quidax Review: What You Need to Know About This African Crypto Exchange

When you're looking to buy or trade crypto in Africa, Quidax, a cryptocurrency exchange built for African users with local payment options and low fees. Also known as a peer-to-peer crypto platform, it lets you trade Bitcoin, Ethereum, and other coins using bank transfers, mobile money, and USSD. Unlike global exchanges that make it hard for African users to deposit cash, Quidax works with local banks and payment apps like Opay and Paga. That’s why thousands of Nigerians, Ghanaians, and Kenyans use it daily—not because it’s the biggest, but because it actually works where they are.

But Quidax isn’t perfect. It’s not a full-service exchange like Binance or Bybit. You won’t find derivatives, margin trading, or advanced charting tools here. It’s built for simplicity: buy crypto, hold it, sell it. That’s fine if you’re new or just want to convert your naira to Bitcoin without jumping through hoops. But if you’re trading frequently or need deep liquidity, you’ll hit limits. The platform has had security issues in the past—smaller exchanges like this are often targets for phishing and SIM swap attacks. Users reported account takeovers in 2023 when support didn’t respond fast enough. That’s why you should always enable two-factor authentication and never store large amounts here long-term.

Quidax charges 0.1% per trade, which is competitive in Africa. Deposit fees are usually free if you use bank transfer, but mobile money deposits can cost up to 2%. Withdrawals to external wallets have a small network fee, but they’re processed quickly—often under 15 minutes. The app is clean, works offline in low-signal areas, and supports multiple African languages. It’s not flashy, but it gets the job done. What sets Quidax apart isn’t its tech—it’s its focus. While other exchanges chase global traders, Quidax stays rooted in local needs: instant cash-in, no KYC for small amounts, and customer service that actually answers calls.

So who is this for? If you’re in Nigeria, Ghana, Kenya, or South Africa and want to buy your first Bitcoin with your phone, Quidax is one of the safest, simplest options. If you’re already trading large sums or using leverage, look elsewhere. The platform doesn’t offer staking, yield farming, or NFT markets—so don’t expect DeFi features. But for straightforward, reliable crypto access in Africa, it’s still one of the few that delivers.

Below, you’ll find real user experiences, fee breakdowns, and security tips from people who’ve used Quidax for months—or got burned trying to. No fluff. Just what works, what doesn’t, and what you should watch out for in 2025.