VALR vs Quidax
For spending abroad FX markup matters, and VALR does better (0% vs 0.1%). In short: VALR if your usage matches its strength, Quidax otherwise — the numbers above beat any slogan.
| VALR | Quidax | |
|---|---|---|
| Tier | B | B |
| Rating | ★ 3.8 | ★ 3.7 |
| Estimated net annual cost | €0 | €0 |
| Account fee | Free | Free |
| IBAN | condiviso | condiviso |
| Multi-currency | Yes · 3 currencies | No (single currency) |
| Outbound transfers to third-party IBANs | Yes | No |
| Utility direct billing | No | No |
| SEPA direct debit (SDD) | No | No |
| On-chain crypto withdrawal | Yes | — |
| ATM withdrawal | not declared | not declared |
| Fund custody | Custodial (platform holds funds) | Custodial (platform holds funds) |
| KYC | Full | Full |
| Supported countries | AFRICA · 1+ countries | AFRICA · 3+ countries |
| Regulator | FSCA / PASA | SEC Nigeria |
| OAM Italy registration | No | No |
| Interest on balance | — | 10% |
| Segment | — | B2C, B2B |
| Regions | Africa | Africa |
| Licences & safety | VASP + CASP | SEC Nigeria ARIP |
Frequently asked questions
VALR vs Quidax: which is better?
For spending abroad FX markup matters, and VALR does better (0% vs 0.1%). In short: VALR if your usage matches its strength, Quidax otherwise — the numbers above beat any slogan.
Which is cheaper, VALR or Quidax?
On the standard spending profile VALR has the lowest net annual cost: €0 versus €0 for Quidax.
Is VALR custodial or self-custody?
VALR is custodial: funds are held by the platform, while Quidax is custodial.
Which is better for spending abroad?
For foreign-currency spending VALR wins, with the lowest FX markup: 0%.