Below is a comprehensive analysis of Azbit (official website: https://azbit.com/) based on the requested criteria, including online complaints, risk level assessment, website security, WHOIS lookup, IP and hosting analysis, social media presence, red flags, regulatory status, user precautions, and potential brand confusion. The analysis draws on available information, critically evaluated to provide an objective assessment.

1. Online Complaint Information ¶

• Sources: Trustpilot, ScamAdviser, BrokerChooser, ScamOnline, and other review platforms reveal mixed user feedback:
• Positive Reviews: Some users on Trustpilot (27 reviews, 2.6/5 stars) praise Azbit for its futures trading platform, fast deposits/withdrawals, and user-friendly interface. Users appreciate the ability to create isolated accounts and earn through affiliate links.
• Negative Reviews: Significant complaints include:
• Allegations of being a scam, with users reporting inability to withdraw funds. One user stated, “You can deposit money, but you’ll never be able to withdraw.”
• Slow withdrawal processing (10-15 minutes in some cases).
• Lack of transparency and regulatory oversight, with users losing substantial amounts (e.g., $189,200 reported on ScamAdviser).
• FINMA (Swiss regulator) issued a public warning against Azbit, indicating potential fraudulent activity.
• Pattern: Negative reviews outweigh positive ones, with recurring themes of withdrawal issues, lack of regulatory compliance, and scam allegations. The low Trustpilot score (2.6/5) and absence from CoinGecko’s trust list are concerning. Risk Indicator: High volume of complaints, especially regarding withdrawals and regulatory warnings, suggests significant risk.

2. Risk Level Assessment ¶

• BrokerChooser: Azbit is not considered a safe or trusted choice due to the absence of oversight by a top-tier regulator. It lacks registration with authorities like the FCA (UK), ASIC (Australia), or CFTC (USA).
• ScamAdviser: Assigns a medium trust score of 65/100, indicating moderate to low risk but urging caution. The score is based on 40 data points, including hidden contact information and server analysis.
• Scam Detector: Rates Azbit.com at 62.8/100, tagging it as “Small Risk. Standard. Active.” Potential phishing and spamming activities were noted, though not conclusive.
• WikiFX: States Azbit has “no valid regulatory information,” labeling it high-risk.
• User Reports: 466 users questioned Azbit’s safety, and reports of significant financial losses (e.g., $189,200) amplify concerns. Risk Level: High. The lack of top-tier regulation, combined with user-reported losses and regulatory warnings, indicates a risky platform.

3. Website Security Tools ¶

• SSL Certificate: Azbit.com has a valid SSL certificate, securing communication between the user and the website. However, free SSL certificates (common among scammers) are noted, though Azbit’s specific SSL level is not detailed.
• Security Protocols: Azbit claims to use cold storage wallets and stringent verification processes. It holds an EU banking license, suggesting some cybersecurity measures, but no specifics on encryption or two-factor authentication (2FA) are provided.
• Vulnerabilities: No explicit reports of data breaches or malware, but Scam Detector notes a “Proximity to Suspicious Websites” score, suggesting potential HTML code vulnerabilities or links to dubious platforms. Risk Indicator: Moderate. While SSL and cold storage are positive, the lack of detailed security protocol information and proximity to suspicious sites raise concerns.

4. WHOIS Lookup ¶

• Domain Details:
• Registered: 2014, with the platform launched in 2019. Older domains (several years) are less likely to be scams, but scammers can purchase existing domains.
• Registrar: NameCheap, Inc., a reputable registrar, but commonly used by both legitimate and fraudulent sites.
• Registrant: Contact information is hidden, a red flag as legitimate brokers typically provide transparent details.
• Location: Azbit claims to be based in Seychelles, with some sources mentioning Switzerland. However, the Seychelles address is unverified, and no company is registered at the provided location. Risk Indicator: High. Hidden WHOIS data and unverified physical address suggest lack of transparency.

5. IP and Hosting Analysis ¶

• Hosting Provider: Cloudflare, Inc., a reputable content delivery network (CDN) known for performance and security (e.g., DDoS protection, DNSSEC). Cloudflare is used by both legitimate and fraudulent sites, so its presence is neutral.
• IP Location: Not explicitly disclosed, but Cloudflare’s global CDN suggests distributed servers, which is standard for crypto exchanges.
• Server Risks: No specific reports of server vulnerabilities, but ScamAdviser notes that other websites on the same server could pose risks if they are fraudulent. Risk Indicator: Low to Moderate. Cloudflare is a trusted provider, but shared server risks and lack of IP transparency warrant caution.

6. Social Media Presence ¶

• Platforms: Azbit is active on Twitter (37,095 followers, 1,728 tweets since 2018), Facebook, Instagram, LinkedIn, Reddit, Telegram, and YouTube.
• Engagement: The follower base is modest for a crypto exchange, and engagement appears low compared to major platforms like Binance or Coinbase. Following 99 accounts suggests selective outreach.
• Red Flags: User feedback on social media (e.g., Twitter, forums) includes scam allegations and dissatisfaction with withdrawals. Aggressive affiliate link promotions (e.g., “earn by inviting friends”) are noted, a tactic often used by dubious platforms. Risk Indicator: Moderate. Social media presence is active but overshadowed by negative user feedback and questionable promotional tactics.

7. Red Flags and Potential Risk Indicators ¶

• Regulatory Issues: Azbit lacks top-tier regulation and has a FINMA warning, a major red flag. It claims an EU banking license, but this is unverified and insufficient for financial services in multiple jurisdictions.
• Transparency: No legal mentions or risk warnings on the website, unlike reputable brokers. Anonymous founders and unverified addresses increase distrust.
• Withdrawal Complaints: Repeated user reports of withdrawal issues suggest potential fund locking.
• Affiliate Marketing: Heavy reliance on affiliate links for user acquisition is a common scam tactic.
• Offshore Location: Seychelles is a known hub for offshore brokers with lax oversight, increasing scam risk.
• High-Risk Industry: Cryptocurrency exchanges are inherently high-risk, with even experts struggling to distinguish legitimate platforms from scams. Risk Level: High. Multiple red flags, especially regulatory warnings and transparency issues, indicate significant risk.

8. Website Content Analysis ¶

• Claims: Azbit promotes itself as a multifunctional crypto platform offering spot/margin trading, staking, and portfolio-backed lending. It emphasizes a secure, user-friendly environment and integration with traditional banking (e.g., SEPA compatibility).
• Native Token (AZ): The AZ token is central to the ecosystem, offering voting rights and staking rewards. However, its value depends on burn/supply mechanisms, which can be manipulated.
• KYC Requirements: Trading requires KYC verification, which is standard but raises concerns if user data is mishandled due to lack of regulation.
• Missing Information: No risk disclosures or legal mentions, which reputable brokers include. The absence of founder details or clear licensing information is concerning. Risk Indicator: High. While the website appears professional, the lack of transparency and regulatory details undermines credibility.

9. Regulatory Status ¶

• Claimed License: Azbit claims an EU banking license, but this is unverified and not equivalent to a top-tier financial regulator (e.g., FCA, ASIC).
• Actual Status: No registration with top-tier regulators (FCA, ASIC, CFTC, etc.). FINMA’s warning confirms lack of authorization in Switzerland. Seychelles regulation, if any, is low-tier and insufficient for global operations.
• Implications: Unregulated brokers pose risks of unfair practices, fund mismanagement, and limited recourse for disputes. Risk Level: Critical. Lack of credible regulation and a regulatory warning make Azbit highly risky.

10. User Precautions ¶

To mitigate risks when considering Azbit:

• Research Thoroughly: Verify regulatory status via official databases (e.g., FCA, ASIC). Avoid platforms with warnings from regulators like FINMA.
• Start Small: If testing, deposit minimal funds to assess withdrawal reliability.
• Secure Accounts: Use strong passwords, enable 2FA (if available), and avoid sharing sensitive information.
• Check Reviews: Cross-reference user experiences on Trustpilot, ScamAdviser, and crypto forums.
• Avoid Affiliate Links: Be wary of promotions promising easy earnings, as they may lead to phishing or scams.
• Report Issues: If scammed, report to local authorities, file chargeback requests, or contact recovery services like MyChargeBack.
• Use Trusted Alternatives: Opt for regulated exchanges like Coinbase, Binance, or Kraken, which have stronger oversight.

11. Potential Brand Confusion ¶

• Similar Domains: Azbit warns users to use only “azbit.com” to avoid phishing sites or impersonators. Domains like “azbit.site” or “cazbit.bet” are flagged as scams:
• azbit.site: Scam Detector gives it a low trust score, citing high-risk activity.
• cazbit.bet: Identified as a crypto gambling scam with no transparency or regulation.
• Name Similarity: Scammers may exploit Azbit’s name (e.g., “Azbit Farm” on WikiFX) to confuse users.
• Risk: Users may mistakenly interact with fraudulent sites, especially given Azbit’s own questionable reputation. Risk Indicator: Moderate to High. Brand confusion amplifies risks, particularly with Azbit’s lack of regulatory credibility.

Summary ¶

• Overall Risk Level: High. Azbit exhibits multiple red flags, including lack of top-tier regulation, a FINMA warning, withdrawal complaints, and transparency issues.
• Key Concerns: Unregulated status, unverified address, hidden WHOIS data, and scam allegations outweigh positive user feedback.
• Recommendation: Avoid using Azbit unless regulatory status improves and user complaints decrease. Opt for regulated alternatives like Coinbase or Binance.
• User Actions: Conduct due diligence, use minimal funds if testing, and report suspicious activity to authorities or recovery services. This analysis is based on available data as of April 21, 2025, and reflects a critical evaluation of Azbit’s credibility. Always verify information independently before engaging with any crypto platform.