What is Quidax? Quidax is an African-focused cryptocurrency exchange that makes it easy for you to buy, sell and store Bitcoin, Ethereum, Ripple's XRP Litecoin & other cryptocurrencies. You also get credited instantly when you withdraw from your Quidax wallet to your local bank account. Quidax is simple, secure, safe and easy to navigate.
What is Peer to Peer?The simplest way to look at P2P is like a marketplace. Remember OLX back then, Jiji.ng of today, or even Aliexpress. These sites connect you with people selling products at different prices. For example, if you want to buy a phone on Aliexpress, you would see many people selling the same phone at different prices. You can choose who to buy from, and contact them. Aliexpress will hold the money and ship the phone to you. When you confirm that you have received the phone. Aliexpress will pay the seller.
Is P2P secure? So far, one of the biggest issues with P2P is the security threat of people not knowing who they are transacting with. This is why on Quidax, everyone is required to do level 3 verification before using the P2P platform. This way, you may not know who you’re transacting with but you can sleep easier knowing that your transaction is secure.
How Does Quidax P2P Work? You can buy Naira on Quidax to fund your Naira wallet, or sell Naira as a way to withdraw and it’s super easy:
How to Buy (Deposit) using Quidax P2PLog into your Quidax account and Click on P2P.
Click on Buy. You’ll see a list of people you can buy Naira from at different prices.
Click “Buy NGN” on an offer to see more details.
Enter the amount you want to buy and pay into the seller’s bank account.
After paying, confirm that you’ve paid. The seller will check that they received the money and confirm it. Then Quidax will release the money to you.
How to Sell (Withdraw) using Quidax P2P1)Log into your Quidax account and Click on P2P.
2)Click on Sell. You’ll see a list of people you can sell your Naira to at different prices.
3)Click “Sell NGN” on an offer to see more details.
4)Enter the amount you want to sell and then send your account details (Bank Name, Bank Account Number and Account Name) via the chat.
The person will then send the money to your account.
Once you have received the money and confirmed it, Quidax will then release the money to the seller.
Note: You need to complete your level 3 verification before you can use Quidax P2P.
For details, kindly visit Quidax blog :
https://blog.quidax.com/make-way-p2p-is-live-on-quidax/
