Azbit.com is posing as a ‘new generation exchange’ and trading platform. The website claims to offer a wide range of trading services which include margin trading and Crypto-backed loans.

Unfortunately, Azbit.com is just a clever scam as what goes in will never come out. The good news is that if you are a victim of this scam, you can get back your funds here.

Azbit.com Crypto Exchange Review: Not legit but a scam

There are several ways in which this platform will scam you. The first method is where they present to you a Crypto exchange and entice you to buy or sell your Crypto conveniently.

The website has a long list of Cryptocurrencies (including altocoins) that people can trade. Once you transfer money to the site owners in an attempt to purchase the Crypto that you’re interested in, you will never receive your Crypto.

Secondly, Azbit is selling bogus Crypto loans. They will never give you a Crypto loan in the first place. Instead, this is just a means through which the site intends to steal your money by charging unnecessary fees and scamming you along the process.

Thirdly, Azbit is selling tokens. When we investigated their tokens, we found out that the platform didn’t have enough liquidity plus the token was worth nothing.

The platform is enticing people to buy worthless tokens hence losing money in the process. If you buy their token, rest assured that you will not find a market for these bogus tokens.

They are still charging real money to obtain these tokens, and this is why Azbit is a fraud.

Azbit Crypto exchange review: not licensed

It is important to note that this financial services company is unregulated and not authorized to provide their services to consumers.

An unregulated broker or Crypto exchange will scam you and there will be no consequences for them.

They don’t follow industry standards and they don’t keep funds in segregated accounts like regulated brokers do.

They are also not members of any insurance or compensation scheme. This means that if the company goes under, no compensation will be offered to investors.

That said, we noticed that Azbit lacks transparency. The company refuses to disclose their location and names of people working for it.

They chose anonymity because this is the standard practice that scammers follow in order to play safe.

Conclusion of this broker Review

Do not invest in any of the offerings of this company as the website is just a trap for the financially unsophisticated.

It is designed to trick you and steal your money. It is not a real exchange. The people running it are 100% anonymous. Their website’s marketing materials are total lies.

The fact that they have incorporated a trading platform does not mean they are legit as this is just a feature that creates an avenue for transferring funds to the crooks.

Avoid Azbit Crypto exchange and if they have scammed you, recovering funds is possible. Just check out this page for more information.