CoinTiger Review – Main Features, Costs and Disadvantages
Apparently, CoinTiger is operating under the name CoinTiger Corp. This firm is most likely registered in the British Virgin Islands since the governing law for any disputes is there. It’s not the best start if you like.
In any case, this firm has been operating since 2016, and without regulatory oversight of crypto, it’s not hard to manipulate traders. Yet, CoinTiger is already exposed as a swindler. To find out how to recover your money and what to watch for in the future, read our CoinTiger review carefully.
|Regulated by:||No regulations|
|Is This Company Safe?||No|
|Have Warnings from:||MAS Singapore|
|Registered in:||Virgin Islands|
|Trading Platforms:||Web-based platform|
|Deposit Bonus:||Not available|
|Free Demo Account:||No|
|How to Withdraw from This Company?||After a warning from MAS and numerous negative reviews, withdrawal issues are inevitable. If that happens, contact our experts to access CipherTrace and find your lost crypto.|
Legal info: Is CoinTiger legit?
Even though Coin Tiger is an offshore company, they can obtain a license. In this case, a Digital(Virtual) Asset Service Provider (DASP/VASP) is necessary. Of course, this company doesn’t have any. Especially not the ones issued by the most trusted authorities like FCA, BaFin, or ASIC.
In fact, it looks like the company was wiggling for many years. This was until the MAS (Singapore) warned against this firm. After the warning, everything will collapse. One way or another.
Who are CoinTiger clients?
CoinTiger exchange has been operating for almost 7 years. Most importantly, they didn’t have any restrictions. Mainly due to a lack of regulatory oversight in the crypto world. Anyway, most of their victims come from:
- United States
And what’s your experience with this company? Do you find Tiger coin profitable? Or is it just a swindler? Let us know, and feel free to contact us for refund advice.
One of the leading warning signs is the company’s reviews. We found 115 comments on Trustpilot and 65% of negative ones don’t reveal a positive picture. Many traders were complaining about flaws in the CoinTiger app, fees, and withdrawal issues.
Consequently, any new customer would have too many factors to watch for. Usually, traders back out when they see all these potential problems. If you were also one of their victims, our refund specialists are available for consultation at any time.
Leverage, Commissions, Spreads, Fees and Taxes
Practically, CoinTiger fees are reasonably low. Taker fees are fixed at 0.15%, while makers will pay 0.08%.
On top of that, you are paying a 1-4% transaction fee for purchasing currencies. So, it can cost you quite heavily. Especially if you compare it to other exchanges. To learn what fair costs are, we suggest you check our FXCMB review.
In regular terms, the company doesn’t offer bonuses. Yet, there is an activity club where traders are rewarded for completing tasks. Overall, they are manipulating traders to invest and trade certain coins. But if you will get the reward is not 100% sure.
CoinTiger Trading Features
In fact, the company offers basic and advanced trading features. On top of that, there is a classic conversion and purchasing option. Of course, all the activities require you to go through CoinTiger’s KYC policy.
Trading Platforms Available
Another way to see if CoinTiger is legit is to check their mobile apps. In fact, there are none. Everything is done on a web-based platform. To make everything worse, all the charting options are provided by TradingView. But if you will trade the real data, it depends on the company.
Available Trading Assets
Once you complete the CoinTiger login procedure, you can see a wide range of tradeable assets. But the only ones available for purchase are BTC, ETH, and USDT. All the others are present in correlation with the USDT. Some of the options are:
- ETH/USDT + many more
Important to realize is that this firm doesn’t offer any promotions. So, everyone trades with the same trading conditions. But that’s not the only thing clients are complaining about on the CoinTiger Reddit page.
Mobile Trading App
Sadly, a mobile app with this firm is non-existent. Which adds up suspiciously to all of the above. In general, mobile apps are important for higher transparency and lower manipulation potential. To understand how platforms manipulate clients, read our Jbcoin-Ex review.
Unfortunately, CoinTiger doesn’t offer a demo account. Yet, the insight to the platform is fully transparent, and you can see at first glance why you should not trust them. Only basic tools are available with minimum reliability.
In general, the company provides a bunch of tutorials and support articles. Mainly guidance through the website and platform. However, there’s none of the relevant information about crypto trading. Practically, they want to keep you in the darkness. Otherwise, you would recognize their flaws and run away.
As with any scam firm, withdrawals are always the biggest issue. Nothing is a problem unless you are withdrawing the money. For any cryptocurrency, the company has the minimum withdrawal amount and specified fees.
However, if they don’t allow you to withdraw the funds, nothing of that is relevant. In any case, some of the tricks a company might use to extend withdrawal are often non-existent fees and taxes. But also, AML laws and verification problems.
Apparently, the company claims to offer 24/7 customer support. Yet, you can only reach them via live chat and e-mail. But also, you can try on social media networks. Thus, many traders complained about quite poor customer representatives. So, prepare the nerves.
Key Information To Consider About CoinTiger?
In the first place, the company is not licensed, and a warning has been issued against them. Not to mention a poor platform with quite costly fees. After all, if the numerous negative reviews don’t help you make the right choice, nothing will.
In any case, being scammed is not the worst thing that could happen. But not knowing what to do afterward is. Therefore, book a free meeting with our experts to find out what are your next steps. The clock is ticking, and you should react on time!
What Are CoinTiger Withdrawal Fees?
Withdrawal fees depend on the currency you are withdrawing. But there were some manipulations around it. If you experienced any, contact our refund experts for advice.
Is CoinTiger Available in the US?
Yes. The company has its services available all over the globe. From the US, Singapore, and Australia to Europe and Africa.
Is It Possible to Recover Cryptocurrencies?
Definitely. With CipherTrace you can track down any crypto transfer and start the refund process. For detailed guidance, feel free to book a consultation with our specialists.