The exchange administration claims to be the holding company of various entities. The founders include AZBIT LIMITED, registered in Seychelles, as well as AZBIT LIMITED, registered in the Marshall Islands. However, there is no information about license and the legal details of the owners on the website. The domain of the site was registered in 1995 in Singapore by Whois Digital Pte Ltd. Founders list the founding date of the exchange as 2018. The platform began providing services to the first client in 2020.
Azbit positions itself as a spot exchange. The platform is designed to exchange digital assets for individuals and companies. Customers have access to margin trading services, besides, cryptocurrency loans are available.
There are three types of accounts for investors, differing in the type of digital coins and minimum deposit amount:
- HTF (Healthify) – from 1,000,000
- TELE (Telefy) – from 500
- TGR (Tegro) – from 1,000
Calculating income from storing digital currencies on Azbit investment plans is carried out at different interest rates. Investor’s profit is 11-35% per year.
The exchange offers its own AZ token for investments, which was developed on the Ethereum platform. However, the developers have not presented any authorization documents for its use.
The Azbit service offers clients assistance in setting up their own cryptocurrency exchanges and developing new digital coins. Through a referral program, participants can earn a passive income of up to 30% of their partners’ profits. Azbit has a mobile app. Communication is provided by 24/7 support via email.