Prestmit vs Quidax: A Direct Comparison Overview

Crypto trading in Africa is booming, and Nigeria is at its center. Out of this growth, two home-grown platforms, Prestmit and Quidax, have become popular names for managing digital assets. Both started in Nigeria but now have users across Africa and outside it.

Each platform has its perks and strengths, but the real question is: which one is the better fit for you? Sometimes, picking a crypto platform is like picking a food vendor. Everyone hypes their own food, but only a few actually suit your taste. That’s why we’ve done the digging for you.

Whether you’re a beginner buying your first USDT or a pro looking for faster trades, this article breaks down both platforms, compares their key features, and gives you a clear picture of where each shines.

What is Prestmit?

Prestmit is a digital trading platform that makes it easy to trade crypto and gift cards all in one place. Instead of hopping between a P2P platform to sell gift cards and then opening another app to trade crypto, Prestmit brings everything together, making digital transactions simple and stress-free.

It started as a straightforward platform for crypto and gift card trading, but it has steadily evolved with users’ needs. Today, it has expanded to cover everyday payments, including airtime, electricity, and cable subscriptions, so users can handle multiple digital tasks under one roof.

Unlike most exchanges that stop at trading coins, Prestmit blends crypto with daily life, making it one of the top crypto exchanges in Nigeria. You can sell your USDT and, in the same breath, use the funds to settle bills or buy airtime right on the app.

What is Quidax?

Quidax is a cryptocurrency exchange that allows users to buy, sell, and trade crypto. Launched in 2018 in Nigeria, it was designed to help Africans get into and access crypto without all the confusing steps that usually come with it. Before then, buying Bitcoin or USDT often meant struggling with complicated international platforms, and Quidax set out to change that by giving people a local option they could actually understand.

Like Prestmit, it has grown beyond Nigeria, with a presence in dozens of countries worldwide. However, Quidax leans more towards being a traditional exchange, like an African-born cousin of Binance or KuCoin. The focus is on crypto trading itself: buying, selling, swapping tokens, and exploring order books, rather than handling everyday payments.

Prestmit vs Quidax: Features

At first glance, Prestmit and Quidax seem like twins; both give you a wallet, support crypto, and work with the Naira. But look a little closer, and you’ll see they’re built for different kinds of users. Let’s break down their core features.

1. Security

• Prestmit: Protects accounts with two-factor authentication (2FA) and encrypted wallets.
• Quidax: Also uses 2FA and secure wallets, has undergone external audits, and uses escrow protection for its P2P transactions.

2. Mobile App Interface

• Prestmit: Lightweight, beginner-friendly, and designed for quick payments or trades without stress.
• Quidax: Feels more like a traditional exchange, packed with charts, order books, and tools for active traders. 

3. Payment Options

• Prestmit: Supports wallet payments, bank transfers, and crypto payments, giving users simple ways to move money in and out.

• Quidax: Offers bank transfers, debit/credit cards (depending on region), and peer-to-peer (P2P) trades for flexibility.

4. Gift Card Tools

• Prestmit: Has an in-app gift card calculator so users can check real-time rates before trading.

• Quidax: Does not support gift card trading.

5. Customer Support

• Prestmit: Offers 24/7 live support via WhatsApp, phone, and in-app chat for instant help.
• Quidax: Customer support is ticket-based and email-driven, with varying response times.

6. P2P and OTC

• Prestmit: An OTC (Over the counter) platform only; transactions are direct and instant.

• Quidax: Offers P2P trading and an OTC desk for large transactions.

7. Extra Features

• Prestmit: Combines crypto, gift cards, and everyday payments (airtime, electricity, cable subscriptions) in one app.

• Quidax: Has its own token (QDX), a savings vault, and developer tools (APIs) for building on top of the platform.

Comparison Table for Prestmit and Quidax

Here’s a quick side-by-side look at how Prestmit and Quidax compare, so you can spot the key differences at a glance.

Frequently Asked Questions (FAQs) About Prestmit vs Quidax 

Can I use both Prestmit and Quidax at the same time?

Yes, you can use both platforms at the same time. Many users actually do. Some users use Prestmit for bill payments and everyday crypto transactions, and use Quidax for broader trading options.

Can I use these platforms outside Nigeria?

Yes, you can use both platforms outside Nigeria. Prestmit and Quidax have expanded beyond Nigeria, and both support users across multiple countries.

Which platform is better for beginners?

Prestmit is generally easier for beginners because it keeps things simple and doesn’t overload you with trading jargon. Quidax can feel a bit more technical, especially with order books and advanced trading pairs.

Are Prestmit and Quidax safe to use?

Yes, both platforms have strong security systems. Prestmit uses 2FA, encrypted wallets, and other protective measures, while Quidax also employs 2FA, audited wallets, and regular security checks. Just remember to follow basic security hygiene: strong passwords and never share your login details.

Is there a significant difference in transaction fees?

Yes. Prestmit’s fees are low and transparent with no hidden charges, making it ideal for frequent, everyday transactions. Quidax charges around 0.1%–0.2% per trade, and deposits via bank transfer may include additional fees.

Can I trade gift cards on Quidax?

No, you can’t trade gift cards on Quidax. It doesn’t support gift card trading. It’s strictly a crypto exchange.

Conclusion

Choosing between Prestmit and Quidax really comes down to what you want from a crypto platform. They both bring something unique to Nigeria’s crypto scene. If you want a full-service platform, Prestmit is the better pick. But if your focus is pure crypto trading with multiple pairs, Quidax has the edge.

Whether you’re a beginner or a seasoned trader, understanding the strengths of each platform will help you pick the one that fits your style, and maybe even make your digital finance life a little easier. In the end, it’s like picking your food vendor: both will feed you, but only one will truly match your taste.

Last updated on September 16, 2025