Is Quidax App Legit? This is a question that has been asked by many people who have heard about the Quidax App. The fact that it’s being promoted by some of the top influencers in Africa has also raised some eyebrows.
It’s important to note that this is not a scam. However, it has been found out that there are some issues with the Quidax app and its features.
In this article, we will be addressing all the questions that you might have regarding this app and whether it is legit or not.
Table of Contents
What’s Quidax App?
Quidax is a cryptocurrency exchange, which was started in 2018 in Nigeria. It has a very good interface and it is very easy to use. It provides support for both English and French languages.
Quidax App is available on Android and iOS devices.
The team behind Quidax are based in Nigeria, but they also have offices in Ghana, South Africa, Kenya, Uganda and Zimbabwe. They are also planning to expand their services to other countries in Africa.
Quidax App Functions
Quidax App has three main functions:
Currency Exchange: This allows users to buy and sell cryptocurrencies within their platform. The app allows users to purchase cryptocurrency using their credit cards as well as bank transfers.
Wallet: This allows users to store their digital assets safely on their mobile phone in an encrypted wallet.
Market Data: The market data function provides users with real-time information about different cryptocurrencies including prices, volume and market cap among others.
Quidax App Features
Quidax App has a lot of features that make it one of the best cryptocurrency exchanges in Africa:
1) Low Fees
Quidax charges only 0.25% trading fee which is one of the lowest fees charged by any cryptocurrency exchange in Africa today. The other cryptocurrency exchanges charge between 1% and 5% trading fees for their users.
2) High Security
Quidax uses multiple security protocols such as 2-factor authentication (2FA), cold storage wallets and multi-signature transactions (multisig). These security protocols ensure that your funds are safe from hackers or scammers who might try to steal your funds while trading or storing them on the platform.
3) User Friendly Interface:
The Quidax App is designed to be easy to use. You can easily navigate through the app and find what you are looking for. The app also has a very intuitive interface that makes it easy for new users to get started with cryptocurrency trading.
4) Fast and Secure Transactions:
One of the main problems with many cryptocurrency exchanges is that they take too long to process transactions. This is especially true when withdrawing money from your account or depositing cash into your account. However, this problem does not exist on Quidax App because transactions are processed very fast and securely at all times.
5) Real-Time Information:
Quidax App provides real-time information about the prices of cryptocurrencies on its platform so that users can make informed decisions about which coins they should buy or sell at any given time.
6) Multiple Options
You can select from multiple options when trading on this platform. You can either sell or buy cryptocurrencies, which makes your investment more flexible and profitable. You can also trade between different cryptocurrencies, which increases your profit margin.
Is Quidax App Legit?
Yes, it is. The Quidax app is a cryptocurrency trading app, which allows you to trade in your cryptocurrency for other cryptocurrencies or for fiat currency. It also provides you with an opportunity to earn money through their referral program and also gives you an opportunity to learn how to trade in crypto currency.