Quidax converts USDC, USDT, and XRP to Nigerian Naira with direct bank transfer withdrawals to all major Nigerian banks.
Quidax is a Nigerian crypto exchange that provides crypto-to-NGN conversion with direct bank transfers. It offers an alternative to Luno for Nigeria-bound remittances.
Quidax accepts deposits on: Stellar, Solana, Tron, Polygon, Ethereum, XRP Ledger, Stellar (XLM), Solana (SOL). Senders choose the network based on fee, speed, and which on-ramp exchange they use.
Quidax publishes: NGN: 0.8% of withdrawal amount. These flat withdrawal fees are factored into RemitRoutes' all-in cost calculation for this exchange.
To receive money via Quidax: (1) create an account on Quidax; (2) ask your sender to use RemitRoutes to find the cheapest on-ramp and network for your corridor; (3) share your Quidax deposit address for the chosen network; (4) once the stablecoin arrives in your Quidax wallet, sell it for local currency; (5) withdraw to your bank account.
RemitRoutes compares the full on-ramp + chain + Quidax off-ramp path against all alternatives — traditional providers and other off-ramp exchanges — for every corridor where Quidax operates. The comparison is live, free, and requires no signup.
Compare USD → NGN — see Quidax vs all alternatives
Compare all providers → · Corridor cost league table · Provider fee leaderboard · Methodology
Luno charges a flat ₦200 fee regardless of amount, while Quidax charges 0.8% of the withdrawal. For transfers under ₦25,000 ($15 equivalent), Quidax's percentage fee is lower. For larger amounts, Luno's flat fee is cheaper. Both support the same blockchain networks.
Quidax processes NGN bank transfers within 1-24 hours, with most arriving the same business day. Transfer speed depends on the receiving bank and time of submission.
Quidax accepts deposits on Stellar, Solana, Tron, Polygon, Ethereum, and XRP Ledger. For lowest-cost deposits, send via Stellar ($0.000001) or Solana ($0.00025).
Compare live rates across 370+ corridors on RemitRoutes · methodology.