Azbit Review 2024

Our veredict

Azbit is a relatively new cryptocurrency exchange that aims to provide a secure and user-friendly trading environment. One of its standout features is the low trading fees, which are competitive compared to other exchanges, making it an attractive option for both new and experienced traders. Azbit supports over 100 different cryptocurrencies, including major ones like Bitcoin, Ethereum, and Litecoin, allowing for diverse investment opportunities​​. Additionally, the platform offers features like margin trading, various order types, and an AI-based trading assistant to help users make informed trading decisions​.
However, Azbit has some drawbacks. It currently does not support direct fiat deposits, which means users must first purchase cryptocurrencies elsewhere before they can trade on Azbit​​. The exchange is also not available to US traders due to regulatory restrictions, limiting its accessibility to a broader audience​​. Despite these limitations, Azbit’s robust security measures, including cold storage for assets and an EU banking license, make it a trustworthy platform for trading digital assets​​.

Pros

Cons

2,8

Threenvest Score

Fees

0.10% (Maker), 0.10% (Taker)

U.S Legal

No

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To better understand our editorial guidelines and the investment methodology that supports our ratings, you can explore the information in our editorial policy.

Why choose Azbit?

Firstly, Azbit offers competitive trading fees, with a flat 0.10% fee for both makers and takers, which is below the industry average. This makes it an economical choice for frequent traders and those looking to maximize their returns​​. Additionally, the platform supports over 100 different cryptocurrencies, including popular options like Bitcoin, Ethereum, and Litecoin, providing a wide range of trading opportunities for users​.
Secondly, Azbit’s security measures are top-notch. The exchange holds an EU banking license, ensuring compliance with strict regulatory standards. It employs cold storage for the majority of its digital assets and offers two-factor authentication to protect user accounts. These features make Azbit a secure platform for both novice and experienced traders​.
Lastly, Azbit provides a user-friendly experience with a variety of advanced trading tools. The platform includes features such as margin trading, an AI-based trading assistant, and various order types, all designed to help users make informed and efficient trading decisions. The exchange also offers responsive customer support through multiple channels, ensuring that users can get help when needed​​.
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EIP and Cryptocurrency Investor

As an expert in the field, I recommend Azbit for its strong focus on security and low trading fees. The platform’s EU banking license ensures compliance with strict regulatory standards, which is crucial for safeguarding your assets. Additionally, Azbit supports a wide range of cryptocurrencies, making it a versatile choice for diversifying your portfolio. With competitive fees and advanced trading tools like margin trading and AI-based assistants, Azbit offers a robust environment for both beginners and seasoned traders. However, be mindful of its limitations, such as the lack of direct fiat deposits and restricted access for US users​.

How do we review crypto exchanges?

At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.

 

We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).


For more details on the categories considered when rating brokers and our process, read our full methodology.

Risk Disclaimer

Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.

Neither Threenvest, nor the author, are recommending you to invest with this article.

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Economist | Cryptocurrency exchange analyst

The author of the review

Alejandro Borja is an accomplished economist with a distinguished career spanning various facets of the financial industry. His academic journey began with a degree in Economics, laying the foundation for his deep understanding of financial markets.

Over the years, Alejandro has honed his skills by working with some of the largest financial media outlets, analyzing and reporting on economic trends and investment opportunities. His expertise in financial analysis has made him a respected voice in the economic community.