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Author: Admin | 2025-04-27
Security precautions while using the application, as Quidax is a custodial platform.KYC RequirementsNew users must provide the required personal documents for the KYC process. KYC verification is compulsory to access any of Quidax’s products.Additional FeaturesAdditional features on Quidax include a virtual card facility, Quidax's ‘save in USD’ feature with a 10% interest, and the Quidax Vault. Quidax Vault is a portal for users to stake their crypto assets, which offers rewards in the Quidax token.Luno – Cryptocurrency Wallet and ExchangeLuno is a one-stop crypto trading platform available in over 40 countries including Nigeria, offering routine trading services via the integrated exchange. Over 20 crypto assets including Bitcoin, Ethereum, and stablecoins can be traded on the Luno exchange. Luno also offers fiat deposits, crypto purchases, and withdrawals for Nigerians as well as other supported locations. The Luno application is available for Android and iOS devices.Fiat Deposit MethodsLuno supports Naira deposits through bank transfers and debit/credit card deposits. It also offers Naira deposits through vouchers; registered users can purchase Naira vouchers and redeem them in their Luno accounts. Vouchers can also be used for withdrawals.Trading And Other FeesLuno charges a 2% fee on Naira deposits with a maximum charge of N2,000 per deposit. The 2% fee also applies to Naira withdrawals. Trading fees vary across trading pairs but range from 0-0.4% depending on the user’s tier, which is determined by their trade volume over the last 30 days. Fees also apply to crypto withdrawals and vary according to assets and the direction
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