Quidax makes it easy to buy, sell, trade and store cryptocurrencies. The fees we charge are transparent and easy for you to check at any time.
We also charge one of the lowest fees in Nigeria. And have zero hidden fees.
Here's a list of fees we charge:
Naira Deposit Fees
| Amount (Naira) | Qdirect fee | Pocket fee | Voucher fee |
| 500 - 10,000 | 100 | 100 | 100 |
| 10,001-20,000 | 100 | 100 | 200 |
| 20,001-50,000 | 100 | 100 | 700 |
| 50,001-100,000 | 100 | 100 | 1500 |
| 100,001-500,000 | 250 | 100 | 2000 |
| 500,001-2,000,000 | 500 | 100 | 2000 |
| 2,000,001-5,000,000 | 750 | N/A | 2000 |
| 5,000,001-20,000,000 | 1,125 | N/A | 2000 |
| 20,000,001-50,000,000 | 1,250 | N/A | N/A |
N/A means you cannot deposit that amount via the channel.
Maximum deposit and withdrawal via Pocket (Abeg) at a time is NGN2,000,000
Maximum deposit and withdrawal via Voucher at a time is NGN10,000,000
Naira Withdrawal Fees
500.00 - 10,000.00 = NGN 100
10,001.00 - 100,000.00 = NGN 200
100,001.00 - 500,000.00 = NGN 500
500,001.00 - 2,000,000.00 = NGN 1000
2,000,001.00 - 5,000,000.00 = NGN 1500
5,000,001.00 - 20,000,000.00 = NGN 2250
20,000,001.00 - 50,000,001.00 = NGN 2500
Pocket (Abeg) and Voucher withdrawal fee is a flat rate of NGN100
Fee for receiving Cryptocurrency
It is free to receive cryptocurrencies on Quidax.
Cryptocurrency Send fees
Send fees are regularly adjusted to blockchain conditions. However, to serve our customers, we have enabled a feature that allows our users to send free[a] to other Quidax customers by using their email address or phone number.
|
Coin Name |
Coin/Token Symbol |
Send Fees |
Minimum Send Amount |
|
Bitcoin |
BTC |
*Dynamic (Please see the note below) |
0.0006 |
|
Litecoin |
LTC |
0.002 |
0.003 |
|
Ethereum |
ETH |
0.005 |
0.006 |
|
USDT |
USDT |
1 |
5 |
|
XRP |
XRP |
0.12 |
2 |
|
Tron |
TRX |
1 |
1 |
|
Bitcoin Cash |
BCH |
0.001 |
0.002 |
|
DASH |
DASH |
0.002 |
0.03 |
|
Binance Coin |
BNB |
0.0035 |
0.005 |
| Dogecoin |
DOGE |
5 |
10 |
| Shiba Inu |
SHIB |
100,000 |
150,000 |
| Axie Infinity |
AXS |
0.06 |
0.09 |
| Stellar |
XLM |
3 |
5 |
| Chainlink |
LINK |
0.15 |
0.2 |
| AAVE |
AAVE |
0.025 |
0.03 |
|
Filecoin |
FIL |
0.05 |
0.01 |
|
Harmony |
ONE |
4 |
5 |
| Cake |
Cake |
0.075 |
0.09 |
| Cardano (ADA) |
Cardano (ADA) |
1.5 |
2 |
| Tezos |
XTZ |
0.4 |
1 |
| Solana |
SOL |
0.01 |
0.05 |
| Floki Inu |
FLOKI |
70,000 |
80,000 |
NB: BTC withdrawal fees vary depending on the blockchain network congestion. This is Industry Best practice to allow for faster transactions as we do not have control over the blockchain traffic.
Trade fees
We apply a maker-taker fee model on Quidax. The fees we apply are uniform across all pairs.
A Maker fee is when you create an order on the order book (this could be a buy or a sell) and someone else completes it, in this case, you'll pay 0.1% of the amount.
The taker fee is paid when you remove liquidity from our order book by placing any order that is executed against an order on the order book. If you buy or sell using a market order, you will pay a taker fee of 0.3% because a market order immediately removes liquidity (other traders' offers) from the order book.
|
Maker fees |
Taker fees |
|
0.1% |
0.3% |
Instant Buy/Sell fees
To make it easier for our customers to buy/sell cryptocurrency, we created an instant buy/sell feature. This feature allows you to instantly buy Bitcoin, Litecoin, Ethereum, XRP and USDT at the current exchange rate.
The fee for using this service is 1%.