General FAQs

General FAQs

What Rate Do You Offer? 
We offer the best rates at zero fees. There are no hidden charges.


How Long Does Conversion Take? 

Cheda transactions are completed in an average of 3 minutes.  



What Countries Do You Support for Payout 

We currently support conversion to Nigerian Naira (NGN). More countries will be added soon.
Stay updated by checking the app regularly. 


What banks do you support? 

We support all Nigerian bank accounts for Naira payouts. (Bells Micro Finance)


Is There a Minimum or Maximum Withdrawal Limit? 

Yes, limits apply. You can check the current minimum and maximum transaction amounts in the app before confirming your conversion.  


Do I Need to Verify My Identity (KYC)? 

While you can access the app without completing KYC, you will only be able to perform transactions after your KYC is completed. 


Is my personal information safe? 

Yes. We use bank-level encryption to protect your data. We only request what is necessary and never share your information. 


What Should I Do if My Transaction Is Delayed? 

If you haven’t received your payout after 5-10 minutes, please contact our support team via support@cheda.io with your transaction hash for quick assistance. 


What Happens If I Send to the Wrong Network? 

Transactions from unsupported networks may be lost or delayed.  
Always double-check the supported network before initiating a transfer. 


Important Tips for New Users.

Double-check that you are sending crypto to the correct network and wallet address 
Always send at least the minimum transaction amount shown on the platform (2USDT).
Avoid copying wallet addresses from old transactions as they may change.
If your payment does not arrive after 30 minutes, contact support with your transaction hash and wallet address.