TAGZ - Exchange Review

TAGZ Exchange was launched in March 2019 and claimed to operate under Australian licenses, offering zero-fee crypto trading and near-instant deposits and withdrawals. It promoted itself as a leader in trading volume despite minimal transparency.

The rise and fall

Initially promoted as a top-tier crypto exchange, TAGZ boasted rankings above major platforms like Binance and Kraken. At one point, it reported daily volumes exceeding 3.5 billion USD. Soon after, reports flagged that these figures appeared artificial and unverifiable.

Volume and activity today

TAGZ is now classified as an untracked exchange. No spot volume, reserve data or active trading pairs are visible. Major industry trackers list it as dead or defunct. The site domain is reportedly for sale, signaling operational shutdown.

Security, withdrawals and trust

User complaints describe blocked withdrawals, locked accounts, and unresponsive support. Some early reviews mentioned fast service, but later posts tell the opposite. Community discussions on forums label TAGZ a scam, citing fake volume and allegations of exit fraud.

Platform features previously offered

TAGZ had promoted features such as:

Zero trading fees
Instant crypto deposits and withdrawals
Support for crypto-to-crypto trades
Licensed operations via ASIC and AUSTRAC, though these claims are now unverified

Pros and cons

Pros:

Once claimed to be Australia-regulated with ASIC and AUSTRAC licenses
Zero-fee trading model and promises of fast operations

Cons:

Now entirely untracked with no active trading
Multiple scam allegations, including frozen accounts and lost funds
Domain appears for sale and the platform is considered dead
Community consensus points to fraud and unreliability

Final thoughts

TAGZ began with bold claims and aggressive marketing but collapsed amid allegations and loss of trust. It has no visible operations, no user confidence, and no recovery in sight. Anyone coming across TAGZ today should assume it is defunct and avoid any engagement with it.