Coinfield Exchange ReviewCentralized
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
Coinfield Margin Trading
Coinfield Deposit fees
Full list of fees can be found here: https://www.coinfield.com/support/transfer-fees
Coinfield Fiat Deposit
Accepted Payment Method
Coinfield Native token
Native token smart contract
Coinfield Trading Markets
Coinfield Stablecoins trading