Quidax; cryptocurrency exchange app in Nigeria you can save in dollars.
Cryptocurrency has taken the world by storm in recent years, and many people are looking to invest in this digital currency. However, buying and selling cryptocurrency can be a very difficult task, especially for beginners. I remember my early days in crypto, I had to pass through a lot of difficulty while trying to exchange my crypto, those difficulties weren’t really because there’s no exchange website, no , far from it, there are a lot of them, but the problem is knowledge of how to use these websites for cryptocurrency exchange, with that in mind, That’s where cryptocurrency exchanges like Quidax come in. In this article, we’ll guide you through the process of using Quidax to buy and sell cryptocurrency, in a way that’s easy to understand even for those who are new to the world of cryptocurrency.
What is Quidax?
Quidax is a cryptocurrency exchange that allows you to buy, sell and store digital currency. The platform supports different cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and Ripple, etc. Quidax’s major aim is to make the buying and selling of cryptocurrencies easy for everyone, regardless of their level of experience. With this in mind, we’ll walk you through on how to create an account with Quidax, just pay attention.
Creating an Account
The first step to using Quidax is to create an account. To do this, simply go to the Quidax website and click on the “Sign up” button. You will be prompted to enter your email address and create a password. Once you’ve done that, you’ll need to verify your email address and complete your profile.
Verifying Your Account
Before you can start buying and selling cryptocurrency on Quidax, you’ll need to verify your account. To do this, you’ll need to provide some personal information, such as your full name, date of birth, and address. You’ll also need to upload a government-issued ID, such as a passport or driver’s license. Once you’ve done this, Quidax will review your application and verify your account.
Adding Funds to Your Account
Now that your account is verified, you can add funds to your Quidax wallet. Quidax supports several payment methods, including bank transfer, credit/debit card, and cryptocurrency deposit. To add funds, simply select the payment method of your choice and follow the instructions provided. Once your funds have been added to your Quidax wallet, you can start buying and selling cryptocurrency.
Buying and Selling Cryptocurrency
To buy or sell cryptocurrency on Quidax, simply navigate to the “Buy/Sell” page on the platform. Here, you can select the cryptocurrency you want to buy or sell, enter the amount you wish to trade, and confirm the transaction. Quidax will then execute the trade on your behalf.
Trading Fees
Like most cryptocurrency exchanges, Quidax charges trading fees for each transaction. The fee structure varies depending on the cryptocurrency being traded and the payment method used. Quidax provides a fee schedule on its website, so be sure to check this before making any trades.
Storing Your Cryptocurrency
Once you’ve bought cryptocurrency on Quidax, you’ll need to store it somewhere safe. Quidax provides a built-in wallet for each cryptocurrency supported on the platform. You can store your cryptocurrency in this wallet or transfer it to an external wallet of your choice.
Security
Security is a major concern when it comes to cryptocurrency exchanges, and Quidax takes this seriously. The platform uses two-factor authentication (2FA) to secure user accounts, and stores the majority of funds in cold storage to prevent hacking. Quidax also is regulated by the Central Bank of Nigeria and the Financial Conduct Authority in the UK, providing extra security for users, so you don’t need to worry much about security
Features of Quidax:
1.User-Friendly Interface
Quidax has a simple and user-friendly interface that allows you to navigate through the platform easily. The platform is well-organized, making it easy to buy and sell cryptocurrencies. You can access all the features with just a few clicks, making it an ideal platform for beginners.
2.Multiple Payment Options
Quidax supports a range of payment options, including bank transfer, credit/debit card, and mobile money. This makes it easy for you to buy and sell cryptocurrencies, regardless of their location.
3.Multiple Cryptocurrencies
Quidax supports a wide range of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and Ripple. This allows users to diversify their investments and trade multiple cryptocurrencies on a single platform.
4.24/7 Customer Support
Quidax offers 24/7 customer support to its users, ensuring that any issues are resolved promptly. You can contact the support team via email, phone, or live chat.
Conclusion
Quidax is a user-friendly cryptocurrency exchange that makes buying and selling digital currency easy for everyone. By following the steps I discussed in this article, you should now have a better understanding of how to use Quidax to buy and sell cryptocurrency. Remember to always be mindful of trading fees and to keep your cryptocurrency stored safely.