What is a bitcoin wallet?

On a practical level, a Bitcoin wallet is a device or program that is used to send and receive bitcoins. The term wallet can be a little confusing for people new to Bitcoin and crypto. A physical wallet is used to store physical currency, however a Bitcoin wallet does not store bitcoins within it. How can this work?

Is azbit a Fiat wallet?

Fiat deposits and withdraws are not available on the Azbit wallet. However, the button “Fiat” is visible everywhere, you just can’t tap on it. This most likely means that the exchange plans to implement fiat deposits and withdraws sooner rather than later.

What is azbit (azbit)?

Azbit is a centralized cryptocurrency exchange based in Seychelles. It was launched back in 2019 so it is still a new player on the market. What is interesting about Azbit is that the platform has all the important features you need to be a successful crypto investor. I will break each one of them later in the article.

What cryptocurrencies does azbit support?

Azbit offers spot crypto trading, cryptocurrency wallets, staking, savings, and Initial Exchange Offerings (IEO). The exchange supports a wide range of cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Chainlink (LINK), Bitcoin Cash (BCH), Dogecoin (DOGE), Tron (TRX), and many others.