RESEARCH & ANALYSIS
FOR THE CRYPTO ECONOMY.

Coinfield

Coinfield Exchange Review

Centralized

Coinfield Overview

  • Devoted entirely to servicing the Canadian crypto community, the exchange based in Vancouver was launched in February 2018. So far, the platform is pretty much Canada-driven when it comes to its focus however, its team is currently considering expanding into other fiat markets to target various parts of the globe. The exchange offers benefits to both advanced and casual crypto traders. The platform prides itself on its high-security levels and for being the “fastest growing trading platform”, as promoted on their website. Fraud prevention, cold wallet storage, and transparency are also cited as factors that make the exchange stand out. 

    In order to be able to start trading on Coinfield, the user has to go through a few simple steps consisting of creating the account and then verifying your identity and funding the account. Equifax provides automated ID verification services for the platform. This makes the platform pretty easy to use as the signing up process is a no-brainer, and renders it practical and conveniently accessible. Along with this, the platform also allows for fiat-crypto exchange in six different fiat currencies, making it a friendly platform towards new cryptocurrency investors. There is also impressive cryptocurrency support on the exchange, as you can trade XRP with 13 different other cryptocurrencies. 

    Coinfield’s trading fees are quite competitive. Its flat fee goes as low as 0.05% however, one downside is that its withdrawal fees are too high compared to the industry average. Also, the exchange offers a pretty low trading volume, resulting in low liquidity. This decreases its chances of posing serious competition to other exchanges.

    As of right now, the exchange does not have a mobile app for those who prefer to trade on the go however, it has a partnership with a new mobile app called moonGO. The app facilitates commission free crypto and fiat trades. 

    Coinfield Exchange Review, Trading Fees, Deposit and Markets

    • Coinfield Total Trading Pairs

      55

      • Coinfield Margin Trading

        No

        • Coinfield Deposit fees

          Full list of fees can be found here: https://www.coinfield.com/support/transfer-fees

          • Coinfield Fiat Deposit

            Yes

            • Accepted Payment Method

              None

              • Coinfield Native token

                Yes

                • Native token smart contract

                  N/A

                  • Coinfield Trading Markets
                    • Coinfield Stablecoins trading

                      Coinfield Withdrawals

                      • Daily Withdrawal Limit

                        no limit

                        • Coinfield Withdraw fees

                          XRP – Free

                          BTC – 0.0005 BTC

                          ETH – 0.01 ETH

                          Full list of fees can be found here

                          • Coinfield Withdraw fees discount

                            Lower trading fees for Makers and certain currency pairs.

                            More information can be found here

                            • Proof of Reserves

                              N/A