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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

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 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
Go to CoinField's website

What’s it like to use CoinField?

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 withTypical fee (ask)Typical fee (bid)
USDT0.05%0.24%
USDC0.15%0.25%
USD0.15%0.2%
EUR0.15%0.25%
CAD0.2%0.35%
GBP/JPY/AED0.15%0.25%
XRP0.15%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 methodDeposit fee (USD)Withdrawal fee (USD)
Credit/debit card2.95%The higher of 3.5% or $10
Wire transferNone (bank charges still apply)The higher of 1% or $50
EUR fees
Transfer methodDeposit fee (EUR)Withdrawal fee (EUR)
Credit/debit card2.95%The higher of 3.5% or €10
SEPAThe higher of 0.5% or €3The higher of 0.5% or €15
Wire transferFree (bank charges still apply)The higher of 1% or €50
CAD fees
Transfer methodDeposit fee (CAD)Withdrawal fee (CAD)
Credit/debit card2.95%The higher of 3.5% or $10
Interac e-TransferThe higher of 2% or $25The higher of 2.5% or $15
Wire transferThe higher of 0.5% or $25The higher of 2% or $75
EFTThe higher of 1% or $15The higher of 1% or $50
GBP fees
Transfer methodDeposit fee (GBP)Withdrawal fee (GBP)
Credit/debit card2.95%The higher of 3.5% or $10
Wire transferThe higher of 0.5% or £25The higher of 1% or $50
JPY fees
Transfer methodDeposit fee (JPY)Withdrawal fee (JPY)
Wire transferThe higher of 0.5% or ¥2,500The higher of 1% or ¥5,000
AED fees
Transfer methodDeposit fee (AED)Withdrawal fee (AED)
Credit/debit card2.95%AED credit/debit card withdrawals not available
Wire transferThe higher of 0.5% or AED75The higher of 1% or AED200

How fast will my funds be available?

Cryptocurrency transfers

Clock icon for transfer speed

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

Clock icon for transfer speed

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?

Go to CoinField's website
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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

Name Product Deposit methods Fiat Currencies Cryptocurrencies
BPAY,Cash,POLi,PayID
AUD

168
cryptocurrencies

CoinSpot is an Australian-based exchange that allows you to easily buy, sell or trade more than 100 cryptocurrencies.
Bank transfer,POLi,Osko,PayID
AUD

130
cryptocurrencies

Buy and sell a wide range of cryptocurrencies at competitive rates on this Australian exchange.
Bank transfer,BPAY,Cash,Cryptocurrency,PayID
AUD, GBP

9
cryptocurrencies

Get a free Swipe (EFTPOS) Card from CoinJar, valued at $29.
Simply tap on “Card” within the CoinJar app bottom menu to order the free Swipe (EFTPOS) Card. CoinJar offers a simple way to buy, sell, or trade cryptocurrency with AUD. Enjoy free and instant deposits, fees start from 0.1% and withdrawals are free to your bank account.
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Frequently asked questions

Go to CoinField's website
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.

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