Bitcoin and other cryptocurrencies are fast becoming the go-to solution to the financial challenges many African businesses and investors face. According to a recent Chainanalysis report, blockchain transactions in sub-Saharan Africa were worth about $117 billion between July 2022 and June 2023. Market analysts are convinced that many Africans, especially Nigerians, are turning to crypto to combat the high inflation and currency devaluation rates prevalent in their countries. Moreover, cryptocurrencies are becoming alternative payment options for faster and cheaper digital transactions.
At a time of economic challenges and downturns, Bitcoin and altcoins have become alternative sources of income for many people around the world. Individuals and businesses also turn to them as a store of value. In Nigeria for example, inflation has gone up to 33.2% and the naira’s value has not been stable against the dollar. However, many people are turning to digital currencies like USDT to protect the value of their earnings and also make money from trading activities.
Despite the impressive growth of crypto adoption and usage on the continent, the common pain point for Africans trading crypto is poor service delivery from crypto exchanges, especially those with restrictive regulations because they are built by foreign entities. To help solve this problem and leverage the potential of cryptocurrencies for financial freedom, Quidax has made an easy-to-use exchange for Nigerians and Africans at large.
Quidax is an African-founded cryptocurrency exchange and the only local crypto exchange that offers spot trading through the Quidax order book. Launched in 2018 by co-founders Buchi Okoro (CEO), Uzo Awili (CTO), and Morris Ebieroma (CIO), the idea for Quidax was borne from one of the co-founder’s experience getting scammed on an unsafe exchange platform. Today, Quidax is more than just a place to trade digital currencies. It has become a community of people who think crypto trading should be simple. The platform offers a straightforward trading application and its own trading token, Quidax exchange token (QDX). QDX was created to tie together all the features in the Quidax ecosystem, from the exchange to decentralised finance (DeFi), and more.
What sets Quidax apart from other exchanges are its unique features tailored toward creating a seamless user experience. Quidax offers a user-friendly interface that makes buying, selling, and trading cryptocurrencies effortless, whether you’re a seasoned trader or a curious beginner. The intuitive platform helps users initiate quick trades and make informed investment decisions.
Other great features of the platform are;
- Support for local currencies. This allows users to buy and sell crypto with their local currency, eliminating the need for complex conversions and saving them money on fees. Customers can also save in USD on the platform with interest rates of up to 10% per year.
- 60+ cryptocurrencies to buy and sell, including BTC, QDX, and USDT, which allow users to explore a wide range of assets for investment opportunities.
- The Quidax order book offers transparent buy and sell prices of each coin to allow users set preferred prices and make smart trading choices.
- The Quidax Academy for beginners to learn about how cryptocurrencies and blockchain technology work and arm themselves with adequate information before delving into the market.
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Quidax is on a campaign to open the doors to crypto trading and wealth creation to Nigerians. The platform is rewarding new sign-ups on its platform with $60,000 worth of QDX tokens in the next few months. This allows newcomers to earn valuable trading coins to kickstart their crypto trading journey on Quidax. Users of Quidax can also refer people to the platform and get 25% of their referral’s trading fees for a whole year!
If you’re interested in learning how to attain financial freedom with crypto, Quidax is your perfect launchpad.
No need for complex conversions or complicated processes, it’s just seamless trading with Quidax.
Sign up here today and discover a new world of possibilities with Africa’s leading crypto exchange.
