CoinField Cryptocurrency Exchange Review : Pros & Cons

About CoinField

Launched in April 2018, CoinField is a European based centralized crypto-to-fiat exchange & virtual currency wallet system supervised by Financial Intelligence Unit (FIU) under licence numbers FVR001049 & FRK000941. CoinField adheres to the requirements under the Proceeds of Crime (Money Laundering and Terrorist Financing Prevention Act (MLTFPA). CoinField’s DEX is going to be launched in Q2 2020.

Information Table

How To Register At CoinField Exchange?

To register on CoinField, click Register Now button at the top of the page. You can also start creating an account directly through the form on the main page.

You only need to enter your e-mail and come up with a password. If there is a referral code, it is also entered at this stage. Password requirements: at least 8 characters, numbers, upper and lower case.

Click ” Create Account ” then go to your email to verify it. Enter the code you received and registration is complete. You can start replenishing your account.

How To Verify Your CoinField Cryptocurrency Account ?

There is no mandatory verification at CoinField, but you can pass it if you wish. At the moment, the only restriction imposed on unverified users is the withdrawal limit of Free. In the future, depending on the actions of regulatory authorities, conditions may change.

For verification, you can use one of four documents to choose from: passport, driver’s license, identity card or residence permit. Artificial intelligence is used to evaluate the authenticity of documents. This service is provided by the Onfido online identification service, already used by the CoinField, Revolut platforms.

How To Buy Crypto Or Deposit Crypto At CoinField Crypto Exchange?

There are two main options for topping up your balance on Kraken. Firstly, you can buy cryptocurrency with a bank card – it’s fast and convenient. Go to the ” Buy crypto ” -> ” Buy crypto with a credit card ” section.

Choose a cryptocurrency (currently there are 13 coins available for purchase in this way). Enter the amount and select the fiat currency to be used for payment.

After that, you will need to select a payment channel: each of them has conditions. You can choose between Simplex, Mercuryo, Banxa and Moonpay. Click ” Buy ” next to the appropriate option.

Agree to the terms and confirm the transition to the site of the payment provider. Enter information about the card and its owner, confirm the transaction. Cryptocurrency will be credited to the exchange account within a few minutes.

Second Method

You can transfer digital assets to the balance of the exchange from any external crypto wallet. For this:

• Go to the “Deposit” section from the “Assets” menu.

• From the drop-down list, you can select the cryptocurrency you want to deposit into your account.
• The wallet address will appear. You need to copy it and send funds to it from another wallet or exchange. Please note that only bitcoin can be sent to bitcoin addresses, similarly with other coins.
• You can also click “Show QR code” – for transfers from a mobile wallet, this is a more convenient option.

How To Withdraw Crypto Asset From CoinField Exchange ?

Having completed all the necessary trading operations, it’s time to withdraw the received assets to an external wallet. Go to ” Assets ” -> ” Withdraw “. Please note that the operation is only available after enabling two-factor authentication in the settings. This is for added security and requires less than a minute, so don’t neglect this measure.

Select a cryptocurrency and enter the withdrawal amount. Each coin has its own withdrawal fee, for example, for BTC it is 0.00057 BTC. Click ” Output “. By default, the exchange processes applications three times a day, however, hourly withdrawals are available for Premium users. Also, the time of receipt of the cryptocurrency is affected by the workload of the blockchain network.

How To Secure Your CoinField Account ?

Also remember to go to the Security tab and activate two-factor authentication using the Google Authenticator app – this is the most reliable way to prevent unauthorized access to your account.

Trading Fees & Commissions

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CoinField Team

Features Of CoinField Crypto Exchange

Available At Android & IOS Store

CoinField Cryptocurrency Exchange exchange application available on both world famous mobile store google play store and iOS store . You Can download App and start trading.

Wide range of cryptocurrencies

CoinField offers trading in a large number of cryptocurrencies, including popular coins such as Bitcoin, Ethereum, and Ripple, as well as a variety of lesser-known altcoins.

Fiat support

CoinField allows users to deposit and withdraw in fiat currencies, such as CAD and USD, making it easy for users to convert their fiat into cryptocurrency.

Advanced charting tools

The exchange provides users with a range of advanced charting tools and technical analysis indicators to help them make informed trading decisions.

Margin trading

CoinField offers margin trading, which allows users to trade with leverage and potentially increase their profits.

Security

CoinField places a strong emphasis on security and uses state-of-the-art technology to protect user funds, such as two-factor authentication and secure cold storage for user assets.

User-friendly interface

The exchange has a user-friendly interface that is easy to navigate and use, making it accessible to both experienced and novice traders.

Mobile app

CoinField also offers a mobile app, which allows users to access the exchange on the go and trade from their mobile devices.

Security

Your security structure covers you on multiple levels from encrypted passwords to cold wallet storage.

Compliance

CoinField is fully regulated under the license number of FVT000111 by FIU.

White label

Looking to start a crypto exchange? Your All-In-One white label licensing package will have you up and running in 90 days.

Fees

Your current trading & transferring costs are optimised to provide a competitive fees structure for your clients as low as 0.05%.

Wide Range Of Cryptocurrency Pairs

You’ll be able to trade in over 20+ cryptos from the get-go: Bitcoin, Ethereum, XRP, Stellar Lumens, Litecoin, Bitcoin Cash, DigiByte, and more. Your goal is to add more coins on a monthly basis.

24/7 Live Chat

If you’re awake, they are too. When you need help, your team of experts will work with you via 24/7 live chat to reach a quick and efficient resolution.

CoinField Conclusion

CoinField is a Canadian cryptocurrency exchange that offers a wide range of cryptocurrencies for trading, including Bitcoin, Ethereum, and other popular altcoins. The exchange also offers trading in fiat currencies, such as CAD and USD, which allows users to easily convert their fiat into cryptocurrency. CoinField has a user-friendly interface and offers a variety of features to enhance the trading experience, such as advanced charting tools and margin trading. Additionally, the exchange places a strong emphasis on security and uses state-of-the-art technology to protect user funds.