Azbit Review – Is Azbit Exchange Legit & Safe To Use?

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Cryptocurrency investors today demand platforms that are secure, intuitive, and feature-rich. Azbit Exchange has emerged as a contender in the fast-growing digital asset space, offering a centralized trading environment with tools designed for both beginners and experienced traders. Based in Seychelles and launched in 2019, Azbit has rapidly built a user base exceeding 330,000 and processes over 100,000 transactions daily. This review dives into its services, security measures, supported assets, fee structure, and overall legitimacy to help you determine whether Azbit is a reliable platform for your crypto journey.

What Is Azbit Exchange?

Azbit is a centralized cryptocurrency exchange that aims to be a one-stop solution for trading, staking, savings, and participating in Initial Exchange Offerings (IEOs). Despite being relatively new to the market, it has gained attention due to its clean interface, competitive fees, and notable support from Roger Ver, the early Bitcoin advocate and founder of Bitcoin.com.

The platform emphasizes accessibility and ease of use. Creating an account requires only an email address and password, followed by email verification—no immediate KYC is required. Once registered, users gain full access to trading and earning features.

👉 Discover a secure and scalable platform for crypto trading and staking.

Key Features & Services

Spot Trading

Azbit offers a robust spot trading interface where users can trade major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Tron (TRX), and BNB against a wide range of altcoins. The trading chart is clear and responsive, making it suitable even for novice traders. Key elements include:

The interface uses a modern dark-gray and green theme, ensuring readability and a professional look. Navigation is smooth, with no noticeable lag—a critical factor in fast-moving crypto markets.

Earn (Staking & Savings)

One of Azbit’s standout offerings is its “Earn” section, which supports soft staking—a method that allows users to earn passive income while retaining control over their assets.

Currently, users can stake:

Annual percentage yields (APYs) are displayed directly in the interface, helping users compare potential returns. A deposit button is prominently placed for ease of use.

However, a minor flaw exists: the “Check announcements” button under the Earn tab does not function, which may confuse users expecting updates or new staking opportunities.

Supported Cryptocurrencies

Azbit supports over 100 cryptocurrencies, making it a versatile choice for diversified portfolios. Key supported coins include:

This breadth of options positions Azbit favorably against many mid-tier exchanges. Users can manage all assets through a unified wallet interface.

While Azbit doesn’t support direct fiat purchases, it redirects users to cryptocoin.pro via a “Buy Crypto” button—indicating a third-party integration for on-ramping funds.

Deposits & Withdrawals

Azbit operates as a crypto-only exchange. This means:

To deposit funds:

  1. Go to the Assets tab
  2. Select the desired cryptocurrency
  3. Copy the provided wallet address
  4. Send funds from an external wallet or another exchange

Withdrawal fees are competitive. For example:

This cost efficiency benefits frequent traders and those moving large volumes.

Trading Fees

Azbit maintains a simple and transparent fee model for spot trading:

This flat rate is below the global average and makes Azbit more competitive than platforms like Hotcoin Global. It also aligns with fee structures seen on larger exchanges such as KuCoin and Gate.io.

There is no tiered discount system based on trading volume mentioned at this time, but the base rate remains attractive for most users.

KYC & Security

Is KYC Mandatory?

No, Azbit does not require mandatory KYC verification to start trading. However, completing KYC offers significant benefits:

Users can initiate verification via the profile menu. The availability of Two-Factor Authentication (2FA) further strengthens account protection against unauthorized access.

Availability & Geographic Support

Azbit claims support in over 200 countries, including the United States—a major advantage in the crypto space.

Unlike many exchanges that restrict U.S. users due to SEC regulations, Azbit allows American investors to register and trade freely. This broad accessibility enhances its appeal in one of the world’s largest crypto markets.

👉 Access global crypto markets with a trusted exchange platform.

Native Token: AZ

Azbit has its own utility token: AZ. Key details include:

While not widely listed on major price tracking sites, AZ plays a functional role within the ecosystem, particularly for users seeking passive income.

Is Azbit Legit & Safe?

Several factors support Azbit’s legitimacy:

While not regulated by major financial authorities like the SEC or FCA, its operational transparency and security features suggest a legitimate effort to build trust.

That said, users should always practice caution:

Pros & Cons Summary

✅ Pros

❌ Cons

Frequently Asked Questions (FAQs)

Is Azbit available on mobile devices?
Yes, Azbit is accessible via mobile browsers and functions well on smartphones. However, there is no dedicated iOS or Android app yet—though the platform states one is “coming soon.”

Can I trade with leverage on Azbit?
No, Azbit does not currently offer margin or leveraged trading. It focuses exclusively on spot trading and staking.

Does Azbit have a built-in wallet?
Yes. Every user account includes an integrated wallet with tabs for balance, deposit, withdrawal, and transaction history—ideal for beginners.

Does Azbit report to the IRS?
While there is no official confirmation, Azbit’s availability in the U.S. suggests compliance with local regulations may be required. Users should assume potential tax reporting and keep accurate records.

Is staking on Azbit safe?
Staking on Azbit uses soft staking, meaning you retain control of your assets. Combined with 2FA and optional KYC, it presents a reasonably secure option for earning passive income.

👉 Start earning rewards through secure staking on a global platform.

Final Verdict

Azbit Exchange is a promising option for crypto enthusiasts seeking a straightforward, low-cost platform with solid security practices and U.S. accessibility. Its strengths lie in its user-friendly design, competitive fees, and growing suite of services like staking and IEO participation.

However, it falls short in areas like mobile experience and advanced trading tools. The lack of fiat on-ramps and limited staking choices may deter some users.

Ultimately, while Azbit shows strong potential, users are encouraged to conduct independent research and consider their personal needs—especially regarding mobile access and investment strategy—before committing funds.

Note: This article does not constitute financial advice. Always perform your own due diligence before investing in any cryptocurrency platform.

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