Obiex alternatives in Nigeria

Obiex (obiex.finance), the Nigerian crypto swap app run by Obiex Africa Ltd, advertises zero fees on every transaction. That means an Obiex trade costs you whatever is built into the rate it quotes. Quidax charges 0.1% maker and taker instead, and Daya Pro charges 0% on a taker order and 0.05% on a maker order — prices you can read before you trade.

Daya Pro runs a USDT/NGN order book with market and limit orders from $1, so the price you'd get sits on the screen next to the fee you'd pay. An Obiex swap gives you one quoted number and no published spread to measure it against. Both can work out fine on a small trade. Only one of them tells you in advance what it's charging.

Every figure below comes from each company's own pages and app listings, checked on 28 September 2026. For the groundwork, there's a fuller guide to buying and selling USDT and USDC in Nigeria.

What does Obiex charge for a trade?

Obiex charges nothing on the trade itself. Both its Google Play and App Store listings state zero fees on all transactions, across 20-plus coins and more than 100 pairs, and naira withdrawals to Nigerian and Ghanaian bank accounts are free as well. The one charge that stays yours is the blockchain network fee when you send crypto out to an outside wallet.

So an Obiex trade isn't free, it's priced differently. What Obiex earns comes out of the rate on the swap screen, and the only way to see it is to compare that quote against the same trade somewhere else at the same moment. On a ₦100,000 swap that's a small thing. On a ₦10 million one it's the whole decision.

Why does a swap quote differ from an order book price?

A swap gives you one price, take it or leave it, and the app sets that price. An order book shows you every price other people are currently willing to trade at, and you either take the best one on the screen or post your own and wait for someone to fill it. On a swap, the app's margin is inside the number you're shown. On an order book, it's the fee, printed next to it.

Size is where it starts to matter. Quidax says its OTC desk prices on a spread-based model and quotes tighter spreads on larger trades, which is how desks normally work. On an order book a bigger order behaves differently: it eats through the cheapest offers first and walks down the book, and you can watch that happen before you commit.

Which Nigerian apps publish what a crypto trade costs?

Quidax and Daya Pro both print a fee you can read before you trade: 0.1% maker and taker at Quidax, and 0% taker with 0.05% maker on Daya Pro. The swap apps and the desks price on a spread instead, which means their charge is folded into the quote and you can't see it separately. Here's what each one states.

The comparison above shows Daya Pro's last traded USDT/NGN price against other Nigerian exchanges, and it updates on its own. Read it as the market picture rather than as a quote — a last traded price is what someone else just paid, not what you'll be filled at. Where Daya Pro isn't ahead of the others, the comparison will show that too.

Each company publishes its own pricing in a different place, so here's where to look:

• Obiex's Google Play listing carries the zero-fee claim, the coin count and the Nigeria and Ghana coverage.
• Daya Pro carries the 0% taker and 0.05% maker fees and the $1 floor.
• Quidax's fee article was last updated on 15 June 2026 and lists every charge line by line.
• Obiex's OTC desk announcement carries the $50,000 baseline and the round-the-clock hours.

What if you're selling a large amount of USDT?

Above a few thousand dollars the fee stops being the main cost and the depth of the market takes over, because a big order clears the cheapest prices first and then keeps going. Nigeria's desks exist for exactly that, and each one sets a floor on how much you have to be moving before it will talk to you:

1. Obiex's OTC desk starts at $50,000, runs round the clock, handles crypto-to-crypto and fiat pairs, and offers post-trade settlement. It describes its pricing as competitive spreads without naming a figure.
2. Quidax's desk is described for trades above $100,000 and prices on a spread-based model, with tighter spreads as the size goes up.
3. Daya Pro takes the same trade from $1, at 0% taker and 0.05% maker, on a USDT/NGN order book where you can set your own price with a limit order.

For a merchant moving $8,000 of USDT a week, a $50,000 minimum rules a desk out completely, however good its spread might be. An order book with a $1 floor takes that trade on any day of the week.

Where does Daya Pro fit?

Daya Pro is the alternative to reach for if you want the price in front of you before you trade. It's a USDT/NGN order book with market and limit orders, 0% on a taker order and 0.05% on a maker order, and a $1 floor — so a ₦200,000 sale and a ₦20 million one go through the same book at the same published fee. Daya Pro also runs an intraday credit line for merchants.

Daya Pro is built for peer-to-peer merchants and OTC desks rather than for someone buying their first ₦20,000 of Bitcoin. If that's you, Daya Coins is the retail side: buy from your naira balance with no minimum, sell, and get the naira paid into your Nigerian bank account. It also buys any token by pasting its contract address, which is worth pairing with a check of that address before you paste it.

What if you just want naira in your bank account?

Then you don't need an order book at all, and a cash-out app is simpler. Obiex withdraws naira to Nigerian and Ghanaian bank accounts for free. Daya Coins sells crypto and pays the naira into a Nigerian bank account with no minimum. Breet covers Nigeria and Ghana from a $5 minimum, and Monica Cash pays within 60 seconds of the on-chain confirmation at 0% on its own fees.

All four are cash-out apps rather than trading venues, so what you get is the number on the screen and there's nothing else to read. We've gone through that group in more detail in the pieces on Breet alternatives in Nigeria and how to convert USDT to naira.

Which of these is registered with the SEC?

Not Obiex, and not most of its alternatives. The SEC's register of fintech operators names Busha Digital Limited and Quidax Technologies Limited as digital asset exchanges, both under an approval in principle rather than a finished licence. Obiex, Breet, Luno, Monica Cash and Roqqu are not on that register, checked on 28 September 2026.

What it means for you: an approval in principle is a stage in a licensing process, not the end of one, so no Nigerian crypto exchange holds a full SEC licence yet. The practical response is record-keeping. Save the amount, the rate you were given, the naira that landed and the date on every trade, because that's the evidence you'd need if you ever had to dispute one.

Which one should you use?

It depends on how big the trade is and whether you need to see the price first:

1. One quick swap between two coins, and you don't mind not seeing the margin: Obiex, at zero fees on the trade.
2. You want the fee printed and limit orders available: Quidax at 0.1% maker and taker, or Daya Pro at 0% taker and 0.05% maker.
3. Selling $50,000 or more in one go: a desk. Obiex's starts at $50,000 and Quidax's is described for trades above $100,000.
4. Trading a few thousand dollars at a time, which is most Nigerian merchants: Daya Pro, because a $1 floor and a published fee cover that size and a desk's minimum doesn't.
5. Just cashing out to a Nigerian bank: Breet if you also need Ghana, otherwise Daya Coins, with no minimum.