Hey Newbie,

Welcome to the party 🥳. We’re happy to help out.

There are 4 levels and here's what you need to know about each of them and why you need to verify your account:

The Level with no name

As a new user, this is where you are.
This level indicates that you can send, receive, and store Bitcoin and other cryptocurrencies.

And there are no limits to the amount of cryptocurrency you can receive, send or store.

You can also trade your cryptocurrency for your local currency. Although you won't be able to withdraw or deposit to your bank account.

Level 1: Basic Information Verified

This is much like Level 0, you will be able to send, receive, store, and even trade cryptocurrency. Although you will also be unable to deposit or withdraw to your bank account.

Here's what you need to get on Level 1; Date of Birth, Address, City, Zip Code, and Country.

Level 2: BVN Verification

If Level 1 is not ideal for you based on the restrictions on local currency deposit and withdrawal, then Level 2 should do the trick.

Here's what Level 2 Account verification provides you access to:

• Daily Withdrawal Limit: NGN 200,000.00
• Weekly Withdrawal Limit: NGN 1,400,000.00
• Monthly Withdrawal Limit: NGN 5,000,000.00

Level 2 introduces you to limitless deposits on your local currency.

Upgrading to this level requires you to provide your Bank Verification Number (BVN) and the date of birth associated with your BVN.

Your BVN does not give us access to your bank account history. It only enables us to confirm the details you shared in Level 1.

Also, sharing your BVN with us is safe, as all information shared with us is securely encrypted and will not be shared with a 3rd party.

Level 3: ID Document Verified

Of course, we know that the limits in level 2 might not be enough for you, that's why Level 3 with more than double the limit was created:

• Daily Withdrawal Limit: NGN 2,000,000.00
• Weekly Withdrawal Limit: NGN 14,000,000.00
• Monthly Withdrawal Limit: NGN 50,000,000.00

Getting to Level 3 requires that you submit a Government-issued identity card as well as a picture of yourself holding a piece of paper with Quidax written on it as well as the current date.

Here’s a list of accepted Government-issued identity cards

• Driver’s License
• National Identity Card
• Permanent Voters Card
• International Passport
• Residence Permit

Level 4: Proof of Address Verified

Now Level 4 which is the last but definitely not the least level blows your limits through the roof;

• Daily Withdrawal Limit: NGN 10,000,000.00
• Weekly Withdrawal Limit: NGN 70,000,000.00
• Monthly Withdrawal Limit: NGN 200,000,000.00

For your account to be Level 4 verified you will need to provide proof of your address. Here’s a list of documents you can submit as proof of address.

• Bank statement 
• Utility bill (Electricity, Internet, Cable bill)
• Insurance Certificate
• Tenancy agreement
• Mortgage statement
• Tax bill or Pension statement

For the above please note that your address must be shown in full and that the name on the document must be similar to what was in the Government-issued identity card you submitted for Level 3. Also, the document must have been done within the last 3 months.

If you max out your limits under Level 4, kindly contact us. Although to qualify for this you need to have maxed out the limits under level 4 severally and provide some documents which we will request.