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Azbit Review

Last Updated on January 31, 2024

James Headshot
Written by
Adam Headshot
Edited by
Azbit logo
2.57
Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.
Visit Azbit

The Bottom Line Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Azbit aims to carve out a niche in the ever-expanding crypto exchange market. By offering a mixture of traditional finance mechanisms and modern crypto trading features, it presents itself as a versatile choice for digital asset enthusiasts.

As with any exchange, prospective users should conduct thorough research to ensure that it aligns with their trading needs and preferences.

Table of Contents
Disclaimer: This is not a validation of cryptocurrency or any particular provider, service, or product. It should not be taken as advice to engage in trading or use any services. Please check our terms and conditions.

Pros

  • Offers a wide variety of trading pairs
  • Supports multiple cryptocurrencies
  • Provides additional financial services like loans and investments
  • Features a user-friendly interface
  • Implements enhanced security measures

Cons

  • Relatively unknown compared to major exchanges
  • May have lower liquidity for certain trading pairs
  • Customer support might not be as responsive as larger platforms
  • Could have a limited user base affecting market dynamics
  • Regulatory uncertainty in some jurisdictions

Quick Summary

Headquarters Location Kingstown, Saint Vincent and the Grenadines
Total Supported Cryptocurrencies 50+
Trading Fees 0.10%
Deposit Methods Cryptocurrency
Support Facebook, Twitter, Support Ticket
Mobile App Has no mobile app.

Azbit Exchange represents a multifaceted platform aiming to bridge the gap between traditional finance and the burgeoning world of digital assets. In this review, we’ll explore the various aspects of Azbit, delving into its offerings, user experience, and overall standing within the crypto market.

Azbit homepage

Azbit Exchange, while a relatively recent entrant to the crypto exchange arena, has rapidly gained attention by offering a diversified range of trading services. This platform extends beyond the conventional functionalities of a crypto exchange, endeavouring to streamline the processes for its clients and foster a more inclusive financial environment.

The amalgamation of crypto exchange services with elements of traditional banking propels Azbit into a unique position, potentially influencing crypto adoption rates and financial inclusivity on a larger scale.

About Azbit

Azbit Exchange is a platform that seeks to integrate the convenience of traditional banking with the innovation of blockchain technology. It strives to offer an array of services, typically under the ambit of a centralized cryptocurrency exchange, including a variety of cryptocurrencies for trading.

With aspirations to incorporate a blockchain-based banking platform in its ecosystem, Azbit targets a unique position in the market.

Azbit features

The evolution of Azbit Exchange is closely interwoven with the dynamic narrative of cryptocurrency’s own development. Since its inception, Azbit has been riding the wave of rising demand for digital currencies, concurrently adapting to the ever-evolving landscape of regulatory frameworks that characterise this sector.

The vision of fusing the realms of blockchain technology with those of conventional banking systems has been pivotal in shaping the exchange’s trajectory. Azbit’s approach is a testament to the burgeoning need for platforms that can cater not only to the crypto-savvy but also to users from traditional financial backgrounds.

Azbit has a number of active social profiles including Facebook, Twitter, Instagram, LinkedIn, Reddit, Telegram and YouTube.

Azbit Supported Cryptocurrencies

Azbit supports trading on over 50 cryptocurrencies on their platform. This exchange currently supports 17 of the top 30 market cap cryptocurrencies.

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Tether USDt (USDT)
  • BNB (BNB)
  • Solana (SOL)
  • XRP (XRP)
  • USDC (USDC)
  • Cardano (ADA)
  • Dogecoin (DOGE)
  • Avalanche (AVAX)
  • Chainlink (LINK)
  • TRON (TRX)
  • Shiba Inu (SHIB)
  • Polkadot (DOT)
  • Polygon (MATIC)
  • Toncoin (TON)
  • Bitcoin Cash (BCH)
  • Uniswap (UNI)
  • Litecoin (LTC)
  • Internet Computer (ICP)
  • Dai (DAI)
  • Ethereum Classic (ETC)
  • Cosmos (ATOM)
  • UNUS SED LEO (LEO)
  • Filecoin (FIL)
  • Immutable (IMX)
  • Aptos (APT)
  • NEAR Protocol (NEAR)
  • Stacks (STX)
  • Bittensor (TAO)

View all cryptocurrencies Azbit supports

  • 1INCH
  • ADA
  • ANKR
  • AUD
  • AVAX
  • AZ
  • BAT
  • BCH
  • BNB
  • BTC
  • BUSD
  • CASTLE
  • CHEEL
  • CLEG
  • COMP
  • DAI
  • DASH
  • DOGE
  • ETC
  • ETH
  • FTM
  • GLI
  • GRT
  • HBAR
  • IBS
  • LTC
  • MKR
  • MTY
  • NVS
  • P2PS
  • PALLA
  • PAXG
  • SAND
  • SNX
  • SOL
  • TON
  • TRX
  • TUSD
  • TWT
  • UNI
  • USDC
  • USDP
  • USDT
  • VIZ
  • WBTC
  • WED
  • XMR
  • XRP
  • YFII
  • ZRX

Trading Experience

Azbit is designed to cater to a broad range of traders, from novices to seasoned veterans. Its user-friendly interface and an array of trading features, including margin trading and a built-in AI-based trading assistant, aim to deliver an optimal trading experience on both web and mobile devices.

The trading experience on Azbit encompasses a comprehensive suite of tools that cater to the strategic demands of modern crypto traders. The platform’s sophisticated trading mechanisms and features are designed to be intuitive, allowing traders to navigate the markets with precision and ease.

Integration of advanced trading capabilities like margin trading underscores the exchange’s commitment to meeting the needs of professional traders as well as novices looking to expand their trading repertoire.

Azbit exchange marketing

Azbit Fees

The fee structure of Azbit is designed to be competitive and accommodative to traders’ needs. With a focus on incentivising both liquidity providers and takers, the exchange employs a tiered fee schedule.

This approach aims to enhance market liquidity without imposing undue burdens on its users.

The fee system at Azbit Exchange is crafted with the aim of maintaining a delicate balance between the needs of frequent traders and the demands of high-volume transactions. The tiered fee structure is adept at accommodating an extensive range of trading activities, making it an attractive proposition for a broad spectrum of market participants.

In fostering a competitive and dynamic market environment, Azbit positions itself as a facilitator of efficient and cost-effective trading.

Type Fee
Trading Fee 0.10%

Azbit supports a range of different cryptocurrencies with varying withdrawal fees. When looking at Bitcoin, their withdrawal fee is 0.0005 BTC compared to the industry average of 0.000075 BTC. So Azbit has a fee that is above the industry average by 566.67%.

Security - Is Azbit Safe?

Security is paramount in the realm of cryptocurrency exchanges, and Azbit takes this seriously. Boasting a European banking license, the exchange commits to adherence with regulatory standards.

Measures such as cold storage wallets for digital assets and rigorous verification processes are in place to protect users and their transactions.

In the digital age where cybersecurity threats are as real as they come, Azbit Exchange deploys a robust security framework. Ensuring the safety of user assets is an ongoing challenge that Azbit confronts with a combination of advanced security protocols and a compliance-first mindset.

The European banking license it holds is not just a token of trust; it’s a reflection of the stringent standards to which the exchange holds itself, promising users a secure platform for their trading endeavours.

Azbit Customer Support

Customer support is a cornerstone of any service-oriented platform, and Azbit seeks to provide responsive assistance to its community of users. With options such as email address contact and a comprehensive FAQ, users can expect to find help when navigating through the exchange.

Customer support is a vital aspect of the user experience, especially in an industry as intricate as cryptocurrency trading. Azbit Exchange understands this imperative and thus prioritises customer engagement and support.

The blend of accessibility and informative resources ensures that users can traverse the complexities of crypto trading with confidence, knowing that a dedicated team is ready to assist when needed.

Azbit support

Azbit Support Channels

  • Facebook
  • Twitter
  • Instagram
  • Live Chat
  • Help Center Articles
  • Support Ticket

How to Sign Up on Azbit

  1. Create Account - Visit the Azbit website and fill out the create account form. You'll need to include a valid email, set your password and type in other details like your phone number and name.
  2. Verify Account - Confirm your email, you should get an email asking you to verify your account creation.
  3. Transferring Funds - Once your account has been verified, you'll be able to deposit using the deposit methods listed below.
  4. Start Trading Crypto - That's it! You should now have everything in place to start trading.

Deposit Methods

  • Bank Transfer
  • Debit Card
  • Credit Card
  • Cryptocurrency
  • Paypal
  • Apple Pay
  • Google Pay

Azbit Alternatives

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Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Total Supported Cryptocurrencies
359+

Trading Fees
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Fiat Currencies Supported
USD, GBP, CAD, EUR, NZD + 78 others

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Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Total Supported Cryptocurrencies
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Fiat Currencies Supported
USD, AUD, GBP, CAD, EUR + 1 other

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Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Total Supported Cryptocurrencies
332+

Trading Fees
0.06% - 0.10%

Fiat Currencies Supported
USD, AUD, GBP, CAD, EUR, NZD + 85 others

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Final Thoughts

Concluding our examination of Azbit, it’s clear that the exchange provides a distinctive offering within the crypto space. Its ambitious goal of blending traditional and digital finance components grants it the potential to stand out as a comprehensive trading platform.

Azbit FAQs

The rank of the Azbit exchange among other cryptocurrency exchanges varies depending on the criteria used for ranking, such as trading volume, liquidity, the number of users, and security features. Specific ranking information can be found on various financial and cryptocurrency analysis websites, which regularly update their data to reflect the current standings of crypto exchanges.

The exact number of users on Azbit is not publicly disclosed and can fluctuate over time. For the most current information regarding the user base, one would need to refer to official announcements from Azbit or check the latest data available through market research reports or analytics platforms that track the usage of cryptocurrency exchanges.

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Methodology

At Crypto Head we use a rigorous research and rating process to assess each platform. Our star rating system is out of 5 stars and is designed to condense a large amount of information into an easy-to-understand format. You can read our full methodology and rating system for more details.

About The Authors

James Headshot
Written by

Crypto Technical Writer

James Page, previously the lead writer at Crypto Head and a registered psychologist, brings a unique perspective to the world of blockchain and cryptocurrency.

His extensive experience in the industry and ability to present complex concepts in an understandable manner make his articles a valuable resource for readers seeking to navigate the ever-evolving crypto landscape.

Check James out on:
Adam Headshot
Edited by

Co-Founder / Managing Editor

Adam Morris, the co-founder of Crypto Head and a respected crypto expert, offers insightful commentary and analysis on cryptocurrency, NFTs, and the evolving digital landscape.

His extensive experience and features in top-tier publications like Forbes and CNN underscore his deep understanding of the crypto world and its future potential.

Check Adam out on: