Azbit

What is Azbit？

Azbit is a cryptocurrency exchange aiming to stand out in the competitive digital asset trading field. It offers a broad spectrum of trading services. Spot trading allows users to buy and sell digital assets at current market prices, providing a straightforward trading approach. Margin trading, suitable for experienced traders, enables them to borrow funds for larger trading positions to potentially increase returns. Azbit also supports futures trading with diverse contract types to match different risk - tolerance levels. With a wide range of trading pairs covering popular cryptos like Bitcoin and Ethereum, along with many altcoins, it helps users diversify their portfolios. Security is a top concern, with a multi - layer system that includes cold storage for most funds, advanced encryption for data, and real - time risk monitoring. The user - friendly interface has clear navigation and well - organized sections, and provides real - time market data, technical analysis tools, and trading signals for informed trading. Azbit's user base and trading volume have been growing steadily, and it continuously enhances services and adds new features to stay competitive. Overall, it's a reliable exchange for crypto traders seeking a diverse and secure trading experience.

Pros and cons

Regulatory Authority

Azbit lacks regulatory oversight, implying trading on this exchange carries inherent risks. Trading with an unregulated exchange poses multiple risks, including security, liquidity, fraud, and regulatory concerns.

Security

Azbit gives top priority to security, implementing measures to safeguard user funds and information. Some key security features are:

• Two-Factor Authentication (2FA): Azbit offers 2FA, an extra security layer for accounts. This prevents unauthorized access even if login details are compromised.
• Cold Storage: Most user funds are stored offline in cold storage, lowering the risk of online wallet hacking.
• Encryption: Azbit uses encryption to secure data and communication, keeping sensitive info like passwords safe.

Cryptocurrencies Available

Azbit features 74 cryptocurrencies in its listing. Here is the top popular coins listed on the Azbit exchange:

And you can check the full list of cryptocurrencies available here: https://azbit.com/markets/. The exchange consistently introduces new coins, adding around 1-2 new options monthly. This regular addition keeps the variety fresh for users.

An intriguing feature on Azbit crypto exchange is the “Earn” tab, also known as soft staking. Soft staking is a fresh concept in the crypto realm, offering a way to earn rewards from staking coins while retaining control over them. Presently, you can stake AZ (Azbit's own token, we'll delve into this later), along with USDT and WSBT on Azbit. This innovative approach adds to the earning potential of staking.

How to open an account？

1. Visit the Azbit website and click on the “Get Started” button to initiate the registration process.

2. Fill in the required information such as email address and password, then click “Next” to proceed.

3. Verify your email address by clicking on the verification link sent to your registered email.

4. Complete the Know Your Customer (KYC) process by providing necessary personal information such as full name, date of birth, and address.

5. Upload the required identification documents, such as a passport or driver's license, to verify your identity.

6. Once the documents are successfully uploaded and verified, your registration process is complete and you can start using the Azbit platform to trade cryptocurrencies.

Fees

Spot Trading Fees

The trading fees for both makers and takers on this exchange are set at -0.20%.

Derivative Trading Fees

The trading fees for both makers and takers across various features like Forex, Metals, Commodities, and Indices are a flat 0.20%.

Deposit and Withdrawal

Azbit operates exclusively as a cryptocurrency exchange, allowing solely crypto deposits and withdrawals. Notably, Azbit offers fast and cost-free services for deposit transactions involving any token types available on their platform.

This table lists coins/tokens with their names, networks, minimum withdrawal amounts, deposit fees, and withdrawal fees. For instance, SCOLLAR (Collar) on the SCOLLAR network has no deposit fee and a withdrawal fee of 0.025. Similarly, OSTC (ShieldTokenCoin) on its network has no deposit fee and a withdrawal fee of 0.007. The pattern continues with details for each coin/token.

Withdrawal fees on Azbit differ depending on the specific coin. For instance, withdrawing Bitcoin incurs a fee of 0.0001 BTC, which is notably reasonable compared to the average fee of around 0.0006 BTC.

Is Azbit a Good Exchange for You？

Azbit may be a good exchange for traders for traders in the following types:

• Traders who want to explore more trading features.
• Traders who want to earn rewards through staking.
• Traders who seek competitive trading fees.

Compare with other exchanegs

Features
Trading Fees	-0.20% for both taker and maker	Maker: 0.04%, Taker: 0.075%	Maker: 0.05% - 0.1%, Taker: 0.1% - 0.5%	Up to 0.40% maker fee and up to 0.60% for taker fee
Cryptocurrencies	74	500+	11	200+
Regulation	Not regulated	Regulated by NMLS, MAS/FinCEN (Exceeded)	Regulated by FSA ( Japan), NMLS, CSSF, DFI, NYSDFS	Regulated by NMLS , FCA, NYSDFS, SEC (Exceeded), FINTRAC (Exceeded)