Quidax.com Review: These Nigerian Scammers will Steal your Money

 
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Quidax.com is not and cannot be a legitimate platform for buying and selling Crypto. The website is just a clever scam. The anonymous owner has also launched a token called QDX which he uses as another cashcow to enrich himself.

The website looks professionally designed but inside the admin area lies a can of worms. The company refuses to disclose details of who owns or runs it. Their about us page is made up of a few generic sentences that don’t introduce the company in a transparent way.

Quidax.com has also refused to disclose its location but we already know that this scam is operating out of Nigeria but putting up the face of an entity that is operated from a European country.

All in all, if you have lost money in this scam, you can file for chargeback as this is the only way to get back your lost funds. The scammers won’t respond to your emails or live chat messages.

Quidax.com Review: A Shocking revelation of a scam that pretends to be a legit Crypto exchange

Just like Dacxi ponzi scheme (with an integrated exchange), Quidax is pretending to offer some form of investing opportunity using their bogus QDX token.

QDX token is a meaningless coin that costs the company nothing to create. It runs on the BNB Smart Chain protocol and its value is currently dropping at an alarming rate.

At the time of writing this review, 1 QDX was worth $0.005545. We’re talking of a coin with no verified market cap or circulating supply, thanks to the owners not wanting anything to do with transparency. More details of this bogus coin can be found on the CoinMarketCap website.

The Quidax.com website is equipped with a platform that is ready to receive your money (of any amount). When you put your money here, there’s no getting it out.

They pretend that the website allows trading of Cryptocurrencies, thanks to an OTC desk, Orderbook and an API feature (for connecting your account with an external exchange),

The scam also lures investors using a 10% daily returns for ‘saving’ USD in the Quidax platform. This essentially means that the entity wants to give you 300% returns monthly.

This is not possible in any kind of investment. It should be an automatic red flag.

Quidax review: Platform not licensed

Avoid an unlicensed platform such as this shady Crypto platform. Its activities are not authorized by any regulatory authority. This is quite different from a P2P Crypto trading site such as Localbitcoin where it is impossible to lose your money.

Quidax is run from Nigeria which is a country known for fraud. How can you wire your funds to an anonymous person in this country without doing your due dilligence?

We even wonder if there are any financial regulators in this country.

Crypto exchange has fake positive reviews

Suspicious reviews can be found all over the internet concerning this company. They are obviously fake as some websites have flagged them.

It appears that the owner is responsible for writing and publishing those reviews with the intention of promoting the scam.

Whatever the case, this is a shady company that is stealing thousands of dollars in Crypto. The scammer cannot be traced because the site is not yet very popular and no one has reported just yet.

If you are a victim, you can recover your lost funds here. It simply involves filling the form, getting free consultation and deciding whether or not you want to file a chargeback against the scammers.

The Conclusion of this Quidax review

If you have read this review, spread word out there. This is not a legit Crypto exchange and neither will they have mercy on you if you happen to transfer your retirement money to them.

They thrive on the ignorance of the victim. The site is cleverly designed to deceive and make you hand over your wallet. They are thieves.

If you’ve lost your money in this Crypto fraud, file for chargeback here.

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