TAGZ is this a scam? Review and Customers Reviews

TAGZ – that cryptocurrency exchangewhich appeared on the Internet a year ago. The project is gradually gaining popularity and gaining the trust of its audience.

In our review we will take a closer look at the features that the company has implemented and find out whether Tagz is a scam or a reliable trading platform cryptocurrency.

 

Why TAGZ?

Tagz is a young exchange for cryptocurrency tradingwhich is only gaining popularity. Interface of the official site tagz.com is presented exclusively in English. The main office of the project is registered in Australia, from where the organization is regulated.

The TAGZ platform offers users access to traditional crypto and derivative futures with the ability to trade them simultaneously on the same platform. The exchange offers the Exchange Gateway Platform for fast, simple and easy trading on the world’s largest Altcoin marketplace. Thus, customers have access to buy, sell, send, receive and store almost any type of cryptocurrency. The most popular cryptocurrencies are Bitcoin, Ethereum, Litecoin and Dash. The exchange has its own token called TAGZ5. Token owners get the following benefits:

• future growth, bringing together the top 5 altcoins for price stability;
• extended trading with all new token lists paired with TAGZ5;
• better market conditions that provide greater liquidity.

Also on the site tagz.com is a separate section with the latest news of the project. Thus, clients can be aware of the latest changes on the exchange. All information is presented in English.

Since the company is quite large and legally regulated, it provides clients with the possibility of margin trading with leverage up to 200x. The trading platform has a fairly simple and intuitive interface. An experienced trader will be able to understand the basic functionality of the platform within 15-20 minutes after registration. For beginners, the site features tutorials, including a detailed tutorial that helps understand the basic trading processes and platform design. The trading platform has the following functionality:

• at the top there is detailed information about the selected trading pair;
• In the middle there is a graph;
• on the side you can find the trading history;
• At the bottom there is a form for exchanging cryptocurrencies.

The disadvantage is that at the moment there is no separate application for iOS or Android system, so the client cannot access the platform 24/7. Among the main advantages of the platform are:

• simple and straightforward interface;
• low commissions;
• a large selection of cryptocurrencies;
• security;
• large volume of trades;
• availability of your own token.

 

How to exchange cryptocurrency on tagz.com platform?

To exchange cryptocurrency, you should go to the tab “TRADE” and perform a few simple actions:

• choose a trading pair to make an exchange;
• fill in the order field, specifying the amount of cryptocurrency to be exchanged;
• click on the “Buy” or “Sell” button, depending on the target.

 

Verification on the Tagz platform

Verification of identity is a mandatory process on the exchange to keep customer accounts accurate and up-to-date. Without verification, the client will not be able to withdraw funds from the account. There are a total of four levels of account verification from 0 to 3. A newly registered profile has a level 0. To pass the verification, you should go to the account and fill in the following information:

• first and last name;
• date of birth;
• cell phone number;
• country of residence and address;
• choose a document (passport or ID-card).

Next, you must upload a photo of the first page of your identity document, as well as your own selfies. The user must hold the spread of the document and the Tagz caption with the current date on his or her own photo.

The first level of verification allows a client to increase the maximum withdrawal amount up to $50,000 per week. To move to other levels, you must first wait for the data verification, which takes an average of several days to several weeks.

 

Deposit and withdrawal

To deposit a balance, the trader needs to click on the menu on the top side and select “Balances”. Next, select the type of cryptocurrency and click on “Deposit”. A generated address appears in front of the user, which should be inserted where the deposit will be made from.

Withdrawal of earnings

To withdraw funds, you also need to go to the “Balances” tab and click on the “Withdraw” button next to the selected type of cryptocurrency (How to Make Money on Cryptocurrency?). Keep in mind that only users who have been verified can withdraw funds. Then you should specify the amount to withdraw, as well as the address where the transfer will be made.

Cryptoexchange Commission

The exchange has fairly loyal commissions. For both makers and takers the commission is 0.01%.

Withdrawal fee

If there is no fee for depositing, the withdrawal fee depends directly on the cryptocurrency. For example, for Bitcoin the commission is 0.00116 VTS, and for Ethereum – 0.0539 ETH.

 

Tagz bonuses

From time to time on the exchange site tagz.com information about various bonuses appears, but at the moment there are no active bonuses.

Referral program

For active users who want to earn extra income, an affiliate program was developed. Thus, traders can attract new participants to the project and receive compensation for this. Affiliate payments are made every 30 days. Clients receive 25% of the commission for each trading operation of the attracted user.

 

Complaints about TAGZ

Since the organization is quite young, you can find few reviews on the Internet from clients, especially from the CIS countries. At the moment, the company has a good reputation, although there are some shortcomings. Of the positive aspects of the exchange, users note the simple and straightforward interface of the platform, the presence of a license and a large choice of cryptocurrencies for trading. Of the negative aspects noted the lack of a Russian-language version of the site tagz.com.

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Crypto exchange regulation

Due to the fact that the financial sphere is one of the most popular among fraudsters, more and more unscrupulous projects appear on the web. To protect yourself from the negative experience of cooperation with dishonest projects, you should carefully check the license, as well as the necessary documentation on the project website. Let’s consider in more detail how the regulation of the project is carried out.

TAGZ Exchange regulator

TAGZ Exchange project is the first fully licensed and regulated exchange in Australia, which has several licenses:

• Australian Securities and Investments Commission ASIC (ACN 632160920).
• AUSTRAC Australian Transaction Reports and Analysis Center (ATRC 1001-18822100-44776).
• Digital Currency Exchange – DCE 100598185-001.
• Remittance Dealer – IND 100598185-001.

The location of the main office and contact information is not hidden. Necessary documentation is publicly available to users.

• Check the license of an exchange on the ASIC website.
• View the exchange license on the AUSTRAC website.

Tagz.com User Agreement

The “User Agreement” is the main document of the project, with which every user should get acquainted before starting cooperation with the company. The agreement contains the basic rules of trading activity, as well as the obligations of clients and organizers. The main drawback is that the document is presented only in English, which may be inconvenient for customers from CIS countries. Let us consider some points in more detail.

The agreement states the information that the company has the right to change, add or delete these terms of use at its discretion and these changes, modifications, additions or deletions apply to the client’s use of the platform and services as soon as they are displayed on the website (regardless of whether users are aware of these changes, modifications, additions or deletions). All subsequent transactions made by the client will be governed by the amended and most current terms of use.

Trading or holding coins, tokens, crypto, digital currency or similar digital assets (collectively referred to as “Coins”) involves significant risks and losses can be significant. This is why the user should carefully consider and evaluate whether trading or owning Coins is appropriate for him/her, depending on his/her financial situation and risk tolerance.

Due to the significant risks associated with coin trading, as well as the influence of technology and the international marketplace, TAGZ cannot guarantee that certain coins will be available on the platform and services. The Company reserves the right to discontinue offering transactions for certain coins on the platform. The organizer will make all reasonable efforts to notify customers if it ceases to support trading of certain coins. In this case, the user will not be able to convert the coins into AUD or any other currency, but will be given the opportunity to move the coins to another user, platform or third-party website.

The organization is not responsible for any coins after they have been transferred from the platform to another site, device, platform, or user. TAGZ is also not responsible for any coins not sold on the platform that have been sent to it or coins that have been sent to the wrong wallet address or wallet address for another coin. Also, the organizer is not responsible for misappropriation or theft of customer coins. Users should familiarize themselves with the security measures available when using the wallet service or other storage device.

By using the TAGZ platform and services, the customer acknowledges that the company is not responsible for any delays it may encounter in sending and transferring coins to or from the platform to other platforms, websites, users or wallets. These delays may be caused by problems beyond the control of the organizer, including problems with third-party websites and platforms, wallets, blockchain overloading, and moving TAGZ coins to a secure vault or platform.

The Company may suspend, limit, restrict, deactivate or terminate customer access to the platform and services, including your account, if:

• the user obtains or attempts to obtain unauthorized access to the platform or the account of another participant;
• there is a technical or operational complexity;
• the customer is using the platform to commit illegal or criminal acts;
• the use of the platform may be subject to any investigations, legal proceedings or litigation;
• the client does not pay or fraudulently pays for any transactions;
• the company cannot further support the use of the site by the user;
• the customer violates any of the terms of this Terms of Use Agreement or the Privacy Policy;
• TAGZ gets a request from law enforcement or government agencies to do this.

To the maximum extent permitted by law, the organizer does not guarantee the quality, performance or suitability for the purposes of the platform and services or the completeness, accuracy, relevance of the statements, representations and information of others (including but not limited to data, reports and analyses) provided through the platform. TAGZ shall not be liable to any person or entity for any direct, indirect, consequential or other loss, damage, liability, claim or expense (however caused, including as a result of negligence or breach of contract) which may arise from or in connection with the use of the platform and services or the use of the information contained in the web resource.

Customer Service

You can contact the support team using the feedback form. There is also a separate section for customers with answers to the most popular questions.

 

Is TAGZ a scam?

TAGZ – is a young platform for cryptocurrency trading, which is only developing in the global market. The interface of the official website is presented only in English, which may create problems for people from the CIS countries. It is known that the main office of the company is located in Australia, where the control of the organization. The platform also has all the necessary licenses to ensure safe operations. The platform provides customers with the opportunity to trade not only popular cryptocurrency pairs, but also to work with less well-known, but proven coins. The most popular types of cryptocurrency are Bitcoin, Ethereum, Litecoin and Dash. The exchange has also released its own token called TAGZ5, which allows customers to receive certain benefits.

Contests and bonuses are periodically held for active traders. Also an affiliate program is provided for users. By participating in the program, customers can invite new participants to the project and receive compensation for this in the amount of 25% of the commission. The organization is quite young and has been on the financial market for only a year. That is why at the moment there are few reviews in the network, especially from clients from the CIS countries. In general, the exchange has a positive reputation among users. After analyzing the opportunities that the project has implemented, can we conclude that TAGZ is a scam and swindlers? No, because the company operates based on the legal framework and has the appropriate license.

 

Conclusion

TAGZ Exchange – is a fairly young project, which appeared on the Internet in 2019. The main feature of the exchange is its regulation, namely the presence of all necessary licenses for its activities. Although the company focuses on the international market, at the moment the interface is presented only in English. For clients is provided not only comfortable but also favorable conditions for trading activities. However, it is worth bearing in mind the possible risks that trading activity entails and before starting registration on the project, familiarize yourself with all the necessary documentation on the official website.

At the moment the organization does not yet have a clearly formed reputation and there is something to work on. If you were or are a client of the company, leave your impressions about working with Tagz on our website to form an independent rating of cryptocurrency exchanges.