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Review: CoinField cryptocurrency exchange
Last updated:
Buy a selection of cryptocurrencies with a range of fiat currencies and flexible payment options on this exchange.
- Good for a wide range of accepted fiat currencies
- Not so great for its high deposit and withdrawal fees
See our full list of pros and cons below.
6
Fiat currencies
24
Cryptocurrencies
Details
| Product Name | CoinField Cryptocurrency Exchange - AU |
|---|---|
| Fiat Currencies | USD, EUR, CAD, GBP, JPY, AED |
| Cryptocurrencies | BTC, ETH, XRP, BCH, LTC, XLM, TRX, DASH, USDT, OMG & 10+ more |
| Deposit Methods |
Interac e-Transfer Wire transfer Credit or Debit Card SEPA EFT |
| Trading Fee | Cryptocurrency: Fees vary |
| Deposit Fees |
Credit or Debit Card: 2.95%
Wire Transfer: 0.50% or min $25 (CAD), 0.50% or min ¥2500 (JPY), 0.50% or min AED75 (AED), 0.50% or min £25 (GBP), Free (USD, EUR) SEPA: 0.50% or min €3 (EUR) Interac e-Transfer: 2.00% or min $15 (CAD) |
| Withdrawal Fees |
Credit or Debit Card: 3.5% or min $10 (CAD, USD, EUR, GBP)
Wire Transfer: 1.0% or min $50 (USD), 2.0% or min $75 (CAD), 1.0% or min €50 (EUR), 1.0% or min ¥5000 (JPY), 1.0% or min AED200 (AED), 1.0% or min £50 (GBP) SEPA: 0.5% or min €15 (EUR) Interac e-Transfer: 2.5% or min $15 (CAD) |
Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific
provider, service or offering. It is not a recommendation to trade.
Learn more about CoinField
What's in this guide?
What fiat and cryptocurrencies are supported?
- Supported fiat currencies: USD, EUR, CAD, GBP, JPY, AED
- Supported cryptocurrencies: Approximately 24 cryptocurrencies
Which payments methods are accepted?
- Interac e-Transfer
- Wire transfer
- Credit or Debit Card
- SEPA
- EFT
What’s it like to use CoinField?
1. Home page
2. Market
Buy, sell and trade on the CoinField markets.
3. CoinField app
Take your trading on the go with the CoinField app.
4. CoinField OTC
Use CoinField OTC for extra benefits with business accounts and large purchases.
Fees and limits
The fees below are accurate as of 28 August 2020.
Platform trading fees
CoinField trading fees vary depending on which currencies you're trading, and whether you're bidding or asking.
The below trading fees are typical for the traded currencies, but certain pairs may have slightly different fees.
| Currency you're trading with | Typical fee (ask) | Typical fee (bid) |
|---|---|---|
| USDT | 0.05% | 0.24% |
| USDC | 0.15% | 0.25% |
| USD | 0.15% | 0.2% |
| EUR | 0.15% | 0.25% |
| CAD | 0.2% | 0.35% |
| GBP/JPY/AED | 0.15% | 0.25% |
| XRP | 0.15% | 0.24% |
Deposit and withdrawal fees
Deposit fees
Cryptocurrency deposits and withdrawals incur typical blockchain fees. Fiat deposits and withdrawals incur varying fees depending on the payment method and the currency used
USD fees
| Transfer method | Deposit fee (USD) | Withdrawal fee (USD) |
|---|---|---|
| Credit/debit card | 2.95% | The higher of 3.5% or $10 |
| Wire transfer | None (bank charges still apply) | The higher of 1% or $50 |
EUR fees
| Transfer method | Deposit fee (EUR) | Withdrawal fee (EUR) |
|---|---|---|
| Credit/debit card | 2.95% | The higher of 3.5% or €10 |
| SEPA | The higher of 0.5% or €3 | The higher of 0.5% or €15 |
| Wire transfer | Free (bank charges still apply) | The higher of 1% or €50 |
CAD fees
| Transfer method | Deposit fee (CAD) | Withdrawal fee (CAD) |
|---|---|---|
| Credit/debit card | 2.95% | The higher of 3.5% or $10 |
| Interac e-Transfer | The higher of 2% or $25 | The higher of 2.5% or $15 |
| Wire transfer | The higher of 0.5% or $25 | The higher of 2% or $75 |
| EFT | The higher of 1% or $15 | The higher of 1% or $50 |
GBP fees
| Transfer method | Deposit fee (GBP) | Withdrawal fee (GBP) |
|---|---|---|
| Credit/debit card | 2.95% | The higher of 3.5% or $10 |
| Wire transfer | The higher of 0.5% or £25 | The higher of 1% or $50 |
JPY fees
| Transfer method | Deposit fee (JPY) | Withdrawal fee (JPY) |
|---|---|---|
| Wire transfer | The higher of 0.5% or ¥2,500 | The higher of 1% or ¥5,000 |
AED fees
| Transfer method | Deposit fee (AED) | Withdrawal fee (AED) |
|---|---|---|
| Credit/debit card | 2.95% | AED credit/debit card withdrawals not available |
| Wire transfer | The higher of 0.5% or AED75 | The higher of 1% or AED200 |
How fast will my funds be available?
Cryptocurrency transfers
Within minutes
Cryptocurrency deposit and withdrawal times vary depending on the cryptocurrency being used, but will typically be available within a few minutes.
Fiat currency transfers
1-3 days
Fiat currency transfer times vary depending on payment method. Credit/debit card, Interac e-Transfers and SEPA transfers usually go through instantly, while EFTs and wire transfers take 1-3 days.
Is CoinField safe to use?
- Regulation. CoinField is a registered and licensed in Estonia as a crypto to fiat exchange and virtual currency wallet.
- Verification process. Identity verification is required for trading on CoinField.
- Security features. CoinField says it follows typical industry best practices, such as securing user funds with multisignature wallets and in storage, as well as using "a one of a kind secret vault that's been built from scratch to store sensitive information on [its] system."
There are no publicly known cases of CoinField ever being hacked. But despite all security measures, it's important to remember that you may have no recourse if something goes wrong. To quote the CoinField website: "In no event shall Coinfield.com will be liable to any loss or damage of any kind incurred as a result of the use of this site or the services found at this site."
How do I create an account at CoinField?
What else do I need to know about CoinField?
CoinField was founded in 2018. It's based in Europe and headquartered in Tallinn, Estonia, but is available worldwide with the exception of certain high risk jurisdictions and the United States.
It's the home of the SOLO cryptocurrency which helps power its debit card offering, and it has a special focus on XRP as a "base" cryptocurrency trading pair.
CoinField describes itself as a team of cryptocurrency believers, focused on boosting industry growth by making cryptocurrency available worldwide and supporting the growth of crypto market regulation and compliance.
In a nutshell
Pros
- Accepts a range of fiat currencies
- Moderate trading fees
- Licensed exchange and virtual currency wallet
Cons
- Very high deposit and withdrawal fees with some payment methods
Compare CoinField against other exchanges
Frequently asked questions
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly
volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of
future performance. Consider your own circumstances, and obtain your own advice, before relying on this information.
You should also verify the nature of any product or service (including its legal status and relevant regulatory
requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may
have holdings in the cryptocurrencies discussed.