In January 2009, Bitcoin, the first cryptocurrency, was brought to life by Satoshi Nakamoto. Just a year later, the first cryptocurrency exchange was launched. With the industry approaching its 10’Th birthday, the cryptocurrency realm can be termed as a relatively young technology, and with any new technologies, things set out to go wrong before everything works well. In Crypto exchanges, just like in any financial sector, scams and fraud are the most common challenges.
Being less than a year old, the TAGZ Exchange platform has been in question as to whether it is legit or not. You know what they say about good deals, “When the deal is too good, think twice.”
Well, the case is different with TAGZ. You do not have to think, let alone think twice. Their deal is the best as it is one of the top 10 exchanges (actually the fourth-best according to the CoinMarketCap platform). However, claiming does not necessarily confirm their credibility. Let’s have a look at some key points that prove TAGZ is not a scam;
TAGZ is a Licensed and Regulated Exchange
Operating from one of the most favorable countries in terms of Bitcoin, what makes TAGZ a good exchange is that they meet all the legal requirements needed to operate as a crypto exchange in Australia. It is licensed under the license number DCE 100598185-00, which is clearly displayed on their website verifiable through, https://online.austrac.gov.au/ao/public/rsregister.seam.
TAGZ is good by being very transparent to its users and the general public as it ensures that anybody can easily verify their credibility. To add on to this, TAGZ is an Australian private company, TAGZ GROUP PTY LTD, which trades under the name TAGZ or TAGZ Exchange. All this information can be found in the Australian Securities and Investment Commission (ASIC) database accessible through, https://connectonline.asic.gov.au/RegistrySearch/faces/landing/panelSearch.jspx?searchTab=search&searchText=tagz+group&searchType=OrgAndBusNm&_adf.ctrl-state=oprnhxwtu_12.
The above registrations give TAGZ Exchange 100% accreditation to operate as a digital currency exchange in Australia.
One of the Top 10 World’s Largest Crypto Exchanges
TAGZ does not only claim to be among the top exchanges around the world but also has the numbers to back it up. With a volume of $ 5,639,038,063 and a 28.55% rise in the past 30 days, TAGZ ranks as the fourth-best crypto exchange on the most trusted exchange-info platform, CoinMarketCap.
What Exactly Makes TAGZ a Good Exchange and Stand-Out from Others?
If you like good exchanges, you may have noticed that most platforms usually charge a trading fee. In the long-run, this may end up costing you hundreds or thousands of dollars. TAGZ approaches fees from a different perspective, enabling trading without fees but imposes a withdrawal fee higher than normal. However, note that the withdrawal fees sit around the $5 mark, which is way less compared to how much you would have spent with trading and exchange fees.
TAGZ’s Sleek Unique & Simple GUI User Interface
Trading by itself is a difficult skill to master. When you factor in cryptocurrency exchange and trading, this becomes a whole different challenge, and for non-tech and non-finance guys, here is where they draw the line and give up. However, with TAGZ platform, everything is well layered out with stylish and very easy to use User Interface. TAGZ interface allows users to submit orders by market, limit, and even allows creation and management of stop-loss orders, which is a big positive compared to most other exchanges who do not offer this option.
(TAGZ user interface)
With over 400,000 active registered users and 27 markets, TAGZ may appear to be just another exchange platform. However, this is not the case as one of the best Exchanges. TAGZ is a trusted and accredited exchange platform with working withdrawals and an active support team. What’s more, with a constant growth rate since its launch in March, TAGZ looks to continue growing its customer base, volume and in the number of markets it serves.