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Azbit Review — Is Azbit a Scam Or Legit?

Azbit Exchange Rating
Conclusion
Read our Azbit review and learn why we recommend this exchange for online trading and why it is not a scam, learn all you need to know in this Azbit review before you sign up with the exchange.
Account Types
9.3
Trading Speed
9.1
Customer Service
9.5
Safety
9.4
9.3

Azbit Review

Azbit logo

When the global economy is in shambles and you want to make money by using short market positions, you should enter the crypto trading market. Azbit is a company that can guide you through all the necessary steps to become one of over 11 million retail traders who make money without leaving their homes. If you want to start investing and making a profit by trading currencies, consider creating a demo account at Azbit to test its features and products before committing to making a deposit!

Azbit pros and cons

This trading platform has a plethora of upsides, but there are several benefits that allow it to stand out from the crowd of competitors:

  • Favorable trading conditions like low spreads and no-commission banking make it easier for day traders and scalpers to achieve consistent profitability.
  • The responsive support team provides assistance at a moment’s notice and offers detailed consultations on many topics related to financial services featured on the platform.
  • The diverse collection of assets that you can trade is rich enough to provide solutions suitable for any analytical strategy whether you want to focus on highly volatile assets or on predictable ones.
  • Instant order execution means that you will never lag behind the market when entering short-term positions allowing you to use advanced scalping strategies and automation.
Azbit website

While such impressive advantages paint a picture of a spotless trading platform, there are some downsides to the service:

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  • The native terminal is quite good for a platform-specific application, but it could use some expansions and more customization options.
  • Banking can be slow at times with withdrawals delayed by up to five business days in some situations which can be more than just inconvenient.

Azbit mobile app

There are 5 billion active users of smartphones across the globe. People in distant regions of Sub-Saharan Africa and South America are using smartphones despite having no access to contemporary banking! For billions of people, their mobile devices are tools that allow them to control personal finances. Azbit provides an excellent app to its thousands of clients!

The mobile application has the same functionality as the website and then some. You will be able to open and close market positions, manage your investment portfolio, talk to the customer support, and use 2FA measures like fingerprint scanning.

Azbit banking options

The exchange allows you to use a plethora of ways to top up your balance of withdraw funds. Debit and credit cards issued by VISA/MasterCard are good when you need to avoid a margin call or quickly buy assets. Bank transfers are safer and should be used to move large sums of money in one go. Novel methods like cryptocurrency payments are used by advanced users and may not be available to all traders.

Here are some nuances to remember:

  • Since there are three parties involved in any bank transfer (two banks and the exchange), withdrawals are often delayed by up to five days. In our experience, it usually takes less than 2 business days to withdraw money.
  • Only verified users can withdraw money from the platform. The company complies with strict AML rules and other regulations meaning that they cannot send money to an unidentified user.
  • The exchange does not take any commissions for processing incoming and outgoing transactions, but you may be subjected to fees by your bank or a financial platform like Payoneer.

Azbit user reviews

Testimonials from former and current customers of Azbit are mostly positive. The vast majority of people focus on the technological prowess of the platform, reliable banking, trading without slippages, and responsive customer support.

Conclusion

Azbit is in the top echelon of reliable FX exchanges. The company provides a wide range of financial products including promising investment plans, interesting automation solutions, a rich catalog of financial instruments, and more. If you are looking for a trading platform that has it all, take a closer look at this one!

Azbit Exchange Rating
Conclusion
Read our Azbit review and learn why we recommend this exchange for online trading and why it is not a scam, learn all you need to know in this Azbit review before you sign up with the exchange.
Account Types
9.3
Trading Speed
9.1
Customer Service
9.5
Safety
9.4
9.3

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Alexander Fyodorov (Ukraine)

Alexander Fedorov is a new writer on Tokenhell, his articles are about on cryptocurrency news and platform reviews. We recommend keeping an eye on his latest posts as they are always very informative and super interesting.

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