A factual look at Quidax for Nigerian users what works, what doesn't, and how it stacks up against direct alternatives.
| Founded | 2018 |
| Fees | 0.1–0.5% trading + spread |
| Typical Payout Speed | 15–45 minutes typical |
| Supported Coins | BTC, ETH, USDT, USDC, BNB, XRP, others |
| Banks | Most NIBSS banks |
| KYC | BVN + ID |
| Play Store Rating | 4.0★ (~5,000 reviews) |
| App Store Rating | 4.1★ |
| Trustpilot Snapshot | Mixed Trustpilot reviews |
Long market presence and brand recognition
Order book and pro trading features
Pan-African presence beyond Nigeria
0% all-in fee vs Quidax's trading + spread combo
500K+ Nigerian users vs Quidax's smaller Nigerian-only base
Under 60s payouts vs Quidax's 15–45 min
Cleaner direct-conversion UX for non-traders
Better Play Store rating distribution
Quidax is operated by a registered entity and offers crypto to naira conversion services. Whether it's right for your specific use case depends on your priorities.
Quidax charges 0.1–0.5% trading + spread. Compare to Monica.cash's 0% transaction fee.
Typical: 15–45 minutes typical. Compare to Monica.cash's sub-60-second typical clearing.
Quidax app rating: 4.0★ on Play Store, 4.1★ on App Store. Monica.cash sits at 4.7★ and 4.6★ respectively.
Monica.cash is the most-switched-to alternative based on volume and user base. See the dedicated comparison.
Mixed Trustpilot reviews Quidax is a solid order-book exchange. Monica wins for users who want direct conversion without managing trades.
For Nigerian users specifically, Monica.cash is the alternative most users have moved to. Read the side-by-side comparison or see why people switch.
0% fees, under 60s payouts, 7 coins, all banks. Test on a small amount first.
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