Quidax Crypto Exchange Review 2023 : Pros & Cons

What Is Crypto Exchange ?

A cryptocurrency exchange is an online marketplace where cryptocurrencies can be purchased, sold, and traded. It functions as a market area where users can swap cryptocurrencies or trade cryptocurrencies for fiat money like the US dollar or euro.

These exchanges are essential to the overall cryptocurrency ecosystem because they offer users transaction security, price discovery, and liquidity.

They can take many different forms, such as centralized exchanges (CEXs), which are run by a central authority and provide high liquidity but may require users to trust the exchange with their funds, and decentralized exchanges (DEXs), which operate without a central authority and permit users to maintain control over their assets but may have lower liquidity.

Exchanges for cryptocurrencies have become quite popular because they make it possible for institutions and individuals to trade digital assets, participate in the cryptocurrency market, and diversify their investment portfolios.

What Is Quidax Crypto Exchange ?

Quidax There is a critical need for easily accessible and dependable exchange platforms in the quickly developing world of cryptocurrencies. AfriCrypto, a cutting-edge global cryptocurrency exchange with an emphasis on Africa, has distinguished itself as a shining example of financial inclusion by allowing users all over the continent to easily trade cryptocurrencies with their home currencies, such as the South African Rand (ZAR), Ghanaian Cedi (GHS), and Nigerian Naira (NGN). By providing consumers with a safe and straightforward spot exchange experience, AfriCrypto is dedicated to bridging the divide between Africa’s developing digital economy and the larger cryptocurrency market.

Quidax Crypto Exchange Quick Facts

How To Register At Quidax Exchange?

To register on Quidax , click Register Now button at the top of the page. You can also start creating an account directly through the form on the main page.

You only need to enter your e-mail and come up with a password. If there is a referral code, it is also entered at this stage. Password requirements: at least 8 characters, numbers, upper and lower case.

Click ” Create Account ” then go to your email to verify it. Enter the code you received and registration is complete. You can start replenishing your account.

Quidax Exchange Supported Countries

Quidax Exchange is a cryptocurrency exchange that supports users from various countries around the world. However, the availability of services may vary depending on the location of the user.

Exceptions are the US, China, Japan and countries in the Middle East. Syria and North Korea are also countries whose nationals cannot trade on Quidax .

How To Verify Your Quidax Cryptocurrency Account ?

There is no mandatory verification at Quidax , but you can pass it if you wish. At the moment, the only restriction imposed on unverified users is the withdrawal limit of Free. In the future, depending on the actions of regulatory authorities, conditions may change.

For verification, you can use one of four documents to choose from: passport, driver’s license, identity card or residence permit. Artificial intelligence is used to evaluate the authenticity of documents. This service is provided by the Onfido online identification service, already used by the Quidax , Revolut platforms.

How To Buy Crypto Or Deposit Crypto At Quidax Crypto Exchange?

There are two main options for topping up your balance on Quidax . Firstly, you can buy cryptocurrency with a bank card – it’s fast and convenient. Go to the ” Buy crypto ” -> ” Buy crypto with a credit card ” section.

Choose a cryptocurrency (currently there are 13 coins available for purchase in this way). Enter the amount and select the fiat currency to be used for payment.

After that, you will need to select a payment channel: each of them has conditions. You can choose between Simplex, Mercuryo, Banxa and Moonpay. Click ” Buy ” next to the appropriate option.

Agree to the terms and confirm the transition to the site of the payment provider. Enter information about the card and its owner, confirm the transaction. Cryptocurrency will be credited to the exchange account within a few minutes.

Second Method

You can transfer digital assets to the balance of the exchange from any external crypto wallet. For this:

• Go to the “Deposit” section from the “Assets” menu.

• From the drop-down list, you can select the cryptocurrency you want to deposit into your account.
• The wallet address will appear. You need to copy it and send funds to it from another wallet or exchange. Please note that only bitcoin can be sent to bitcoin addresses, similarly with other coins.
• You can also click “Show QR code” – for transfers from a mobile wallet, this is a more convenient option.

How To Withdraw Crypto Asset From Quidax Exchange ?

Having completed all the necessary trading operations, it’s time to withdraw the received assets to an external wallet. Go to ” Assets ” -> ” Withdraw “. Please note that the operation is only available after enabling two-factor authentication in the settings. This is for added security and requires less than a minute, so don’t neglect this measure.

Select a cryptocurrency and enter the withdrawal amount. Each coin has its own withdrawal fee, for example, for BTC it is 0.00057 BTC. Click ” Output “. By default, the exchange processes applications three times a day, however, hourly withdrawals are available for Premium users. Also, the time of receipt of the cryptocurrency is affected by the workload of the blockchain network.

How To Secure Your Quidax Account ?

There are several steps you can take to help secure your Quidax account and protect your funds:

1. Make Your Password Secure: Make an own, challenging password with a mix of letters, numbers, and unusual characters. Avoid using information that might be easily guessed, such as your name, birthdate, or everyday words.
2. Two-factor authentication (2FA) should be enabled: As an additional layer of security, Quidax provides 2FA. Use a Google Authenticator-compatible app to enable it, or opt to get SMS codes on your phone.
3. Update Your Password Frequently: To lessen the chance of unwanted access, change your password on a regular basis—at least once every few months.
4. Precautions for Phishing Scams: Any emails, texts, or links that request your Quidax login information should be avoided. Before you click any links or submit any personal information, double-check the source.
5. Consider Using a Secure Internet Connection: Using insecure computers or public Wi-Fi networks to access your Quidax account puts you at risk of security breaches.
6. Be Cautious of Phishing Scams: Be wary of emails, messages, or phone calls that ask for your personal information or account details. Quidax will never ask you for your password or 2FA code. Always double-check the URL of the website you are logging in to and make sure it is the official Quidax website.
7. By taking these steps, you can help protect your Quidax account and reduce the risk of unauthorized access to your funds.

Trade On Go Quidax Is 100% Mobile Friendly

A platform offered by Quidax, Trade On Go, touts being 100% mobile-friendly, making it a convenient and accessible choice for users on the go. Since the platform is mobile-friendly, traders may access and use it without difficulty on their smartphones or tablets, eliminating the requirement for a desktop computer.

This capability is very helpful in the quick-changing market conditions of the cryptocurrency trading industry. Because Trade On Go is mobile-friendly, traders can stay in touch with the markets, place trades, keep an eye on their portfolios, and access essential market data from any location with an internet connection.

This accessibility gives traders the ability to make knowledgeable decisions and respond quickly to market changes, giving them a competitive edge in the fast-paced world of trading digital assets. In conclusion, Trade On Go’s 100% mobile compatibility improves ease, accessibility, and flexibility for cryptocurrency traders, assisting them in remaining responsive and active in the constantly changing crypto market.

How To Contact Quidax Customer Support Team?

If you need help with your Quidax account or have any questions, you can contact Quidax customer support through the following methods:

Access the Quidax website here: Open a web browser and navigate to the official Quidax website to get started. To avoid scams, make sure you are on a trustworthy website.

Log in to Your Account (if Applicable): Enter your login information if you have a Quidax account. To access customer assistance options if you don’t already have one, you might need to register for an account.

Navigate to the Help or Support Center: On the Quidax website, look for a “Support,” “Help Center,” or “Contact Us” link or button. This is often located in the website’s bottom or main navigation.

Choose your favorite contact method: Some platforms may let you select an email or phone as your preferred means of communication. Choose the option that best suits your needs.

Await Response: You will normally receive an email confirmation after submitting your request. The support staff of Quidax will examine your request and reply to you. Reaction times can vary, so please be patient.

No matter which method you choose, be sure to provide as much detail as possible about your issue or question so that Quidax customer support can assist you efficiently.

Features Of Quidax Crypto Exchange

Fast Transactions

No long steps here, just straightforward ways to trade crypto.

Safe and Secure

You can rest easy knowing that your crypto is safe with us anytime!

Tons of Options

We list new cryptocurrencies regularly so that you can buy them easily.

24/7 Support

Even if the sky is falling or our favorite show is on, we’re always here to help.

Simplicity

As the sign of great understanding and empathy

Excellence

Doing things in a first-class way, going above and beyond.

Support for local fiat currency

We accept several African fiat currencies, including the ZAR (South African Rand), GHS (Ghanaian Cedi), and NGN (Nigerian Naira). This eliminates the need for expensive currency conversions by allowing customers to deposit and receive money directly in their own currency.

Numerous cryptocurrency pairings

Users can exchange one cryptocurrency for another, providing a wide range of trading pairs. A few common combinations are BTC/ETH, BTC/USDT, ETH/XRP, and many others.

Friendly User Interface

Our trading platform has an intuitive and user-friendly layout that is made to accommodate traders of all skill levels. You’ll find our platform simple to use whether you’re a novice or seasoned trader.

Desktop and mobile apps

With our mobile app, which is compatible with iOS and Android smartphones, you may access your bitcoin trading account on the road. We provide a web-based platform with real-time market data for desktop users.

Types of liquidity and orders

For popular trading pairs, we offer sufficient liquidity to ensure prompt order execution. Market orders, limit orders, and stop orders are just a few of the order types that traders can utilize to customize their trading strategy.

Quidax Good Or Bad Points

Quidax is a cryptocurrency exchange that allows users to buy and sell various cryptocurrencies. Here are some potential good and bad points of using Quidax :

Good points:

1. User-Friendly Platform: Quidax provides a user-friendly platform that is simple to use for both new and seasoned traders. It is simple to buy and sell bitcoins because to the user interface.
2. Multiple Cryptocurrencies: In addition to Bitcoin and Ethereum, Quidax offers access to a number of other cryptocurrencies. For users wishing to exchange a range of digital goods, this versatility may be intriguing.
3. Fiat Support: Quidax allows fiat-to-crypto trading, so you can buy cryptocurrencies with your home currency (for instance, the Nigerian Naira). Users who might not have access to international exchanges can now use it.
4. Customer assistance: When you run into problems or have queries, a helpful customer support crew might be crucial. To help users, Quidax provides customer service.
5. Security Measures: Reputable cryptocurrency exchanges prioritize security. Quidax has implemented security features such as two-factor authentication (2FA) and cold storage for digital assets to protect users’ funds.

Bad points:

1. Regulatory Compliance: Depending on the location, different legislation may apply to cryptocurrencies. As a result, certain exchanges may find it difficult to stay compliant with ever-changing rules. Make that Quidax is permitted to operate legally in your country.
2. Trading Fees: Quidax levies trading fees, much like many other cryptocurrency exchanges. These costs might pile up, particularly if you’re a frequent trader. Before utilizing the platform, be sure you are familiar with the cost schedule.
3. Lack of complex Features: While Quidax might be appropriate for novice traders, it might not provide the complex trading tools and features that more seasoned traders would prefer.
4. Limited Liquidity: The ease with which you can purchase or sell assets can vary depending on the liquidity on various markets. On Quidax, some cryptocurrencies that are less well-known can have less liquidity.

Is Quidax Is Safe Platform To Trade ?

Verify that Quidax is subject to the regulation of a competent financial regulator in your area. As exchanges are expected to abide by specific standards and safety measures, regulatory control can offer a certain amount of security.

Look into the encryption mechanisms, two-factor authentication (2FA), and cold storage for bitcoins that Quidax uses. Protecting your assets requires a firm commitment to security. To evaluate Quidax’s reputation, read user testimonials and experiences on reliable websites.

Customer complaints or a history of security breaches can be warning signs. Transparency is crucial, and it should apply to business practices, costs, and service agreements. Be careful you comprehend the costs involved with trading on Quidax and how they stack up against those of other exchanges.

If you run into any problems when trading, having good customer support is essential. By getting in touch and expressing any queries or worries, you may gauge their effectiveness and responsiveness.

Quidax Conclusion

In conclusion, the launch of an international cryptocurrency exchange with a focus on Africa that enables trading with national currencies like the NGN (Nigerian Naira), GHS (Ghanaian Cedi), and ZAR (South African Rand) is a significant advancement for the continent’s cryptocurrency ecosystem. This exchange contributes to the larger global cryptocurrency scene in addition to meeting the specific demands of African traders.

The primary emphasis on spot trading demonstrates a dedication to offering consumers a safe and effective platform to trade their cryptocurrency. Users from various African nations can easily engage in the cryptocurrency market without the hassles of currency conversions thanks to the availability of a variety of fiat currencies.

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