The verdict
6.0 / 10 · CONSIDER
Roqqu (Lagos, founded 2018) operates a Nigerian-licensed crypto-banking app + exchange. NGN fiat on-ramps, USDT/USDC stablecoin storage, debit card (in beta). Provisional SEC-NG VASP licence (2024). One of the few Nigerian crypto products surviving the 2024 FX/CBN crackdown.
◆ BUY IT IF
- Survived the 2024 CBN crypto-FX crackdown — operational resilience
- Survived the 2024 CBN crypto-FX crackdown — operational resilience
- Strong NGN ↔ USDT P2P matching
- Roqqu Card (when active) — rare USD-spend product in NG
◇ SKIP IT IF
- Nigerian regulatory environment volatile (CBN restrictions on crypto-bank flows)
- Smaller scale than Yellow Card / Quidax / Binance NG
- Card product in beta — availability inconsistent
- Customer support thin
§ 01 SCORE BREAKDOWN
Eight axes, weighted.
DIMENSION WEIGHT RATING SCORE
Regulatory safety
Operating under SEC-NG ARIP (Accelerated Regulatory Incubation Programme) framework as of 2026. Provisional VA
Card & IBAN
Debit card without native IBAN
Yield
Up to 6% APY
Coin selection
30 coins supported
App UX
Transparency
Proof of Reserves, public filings, incident history
Fees & spreads
Support
§ 02 THE FIELD TEST
How we tested Roqqu.
Drafted from public sources — regulatory licences verified against issuing-authority registers (NYDFS, FCA, MAS, VARA, FSCA, etc.); fees verified from current published rate cards. Not yet field-tested.
DATE STEP TIME NOTES
— Account opened — KYC completed end-to-end
— First deposit — Not yet field-tested — record drafted from public sources; first-hand testing scheduled for the next review cycle.
— First withdrawal — Not yet field-tested — record drafted from public sources; first-hand testing scheduled for the next review cycle.
— Card activated — Card not supported / not ordered
— Last hands-on check — Drafted from public sources — regulatory licences verified against issuing-authority registers (NYDFS, FCA, MAS, VARA, FSCA, etc.); fees verified from current published rate cards. Not yet field-tested.
§ 03 SPECIFICATIONS
Everything, in one table.
Regulation
- Regulatory status
- Operating under SEC-NG ARIP (Accelerated Regulatory Incubation Programme) framework as of 2026. Provisional VASP licences issued by SEC-NG in Sept 2024 went to Busha and Quidax; Roqqu's full VASP licence not publicly confirmed. Cooperates with CBN reporting under FX-control regime.
- FDIC insurance
- No
- MiCA compliant
- No
- Founded
- 2018
- HQ
- Lagos, Nigeria
Fees
- Monthly account fee
- Free
- Trading fee
- —
- Withdrawal fee
- Variable
Yield & products
- Earn yield
- 3–6% on USDT (when active)
- Max APY
- 6%
- Staking
- No
- Crypto-backed loans
- No
- Supported coins
- 30
Banking
- IBAN
- No
- Debit card
- Yes
- DeFi access
- No
- NFT support
- No
Regions
- Regions available
- Africa, Nigeria
- Markets served
- —
Support
- Trustpilot
- N/A
§ 04 FAQ
Frequently Asked Questions
Is Roqqu safe? +
Roqqu has a regulatory status of: Operating under SEC-NG ARIP (Accelerated Regulatory Incubation Programme) framework as of 2026. Provisional VASP licences issued by SEC-NG in Sept 2024 went to Busha and Quidax; Roqqu's full VASP licence not publicly confirmed. Cooperates with CBN reporting under FX-control regime.. Always verify current regulatory status directly with the platform before depositing.
What is the maximum APY on Roqqu? +
Roqqu currently offers up to 6% APY. Rate as of 2026-04-29. Rates change — always check the platform for current rates before depositing.
Where is Roqqu available? +
Roqqu is available in: Africa, Nigeria. Markets served: .
Does Roqqu have a debit card? +
Yes. Roqqu offers a debit card.