CoinField Review – What Can Stop Them From Stealing Your Money?

CoinField exchange is one of numerous registered in Estonia. Without proper crypto regulation, any given entity can claim to be a crypto exchange.

However, Manticore Labs OÜ should have a Digital Asset Service Provider license to be active in the business. That’s the only way they would be reliable. If they do, you’ll have to find out in this honest CoinField review.

Legal Info: Is CoinField Legit Or A Scam?

Sadly, the coinfield.com website is listed on numerous warning lists. Starting with the FSC from Mauritius but also on CSA and OSC in Canada. This is especially bad for a country targeting the US, Canada, and the UK, you should know what regulations are required.

In this case, the company should have at least an FCA, BaFin, or ASIC license. But for North America, IIROC and CFTC would be a proper choice. Considering this, you can forget about registration and the CoinField login procedure.

Who Are CoinField’s Clients?

Since 2016, the CoinField exchange has mainly targeted three countries. Even though all of those have quite strict requirements for their citizens’ protection. Those are: 

• United States
• Canada
• United Kingdom

If you were also involved in a CoinField scam, don’t hesitate to contact our experts for refund options.

Traders Experience

One of the main worrying signs you can find in their reviews. Only on Trustpilot are 157 comments, and almost 80% of unsatisfied clients. By taking a closer look, you realize everyone had the same issue. Which is a withdrawal.

If you think those are fake, you can also check CoinField Reddit comments. Nothing different would be found. In any case, our team is available for an appointment if you need refund advice.

Investment Costs With CoinField

Depending on the 30-day trading volume, you can expect between 0.15% to 0% maker fees, but also 0.25% to 0.02% taker fees. 

Important to realize is that the company charges 2.95% for card transfers, while other options are way more expensive than that. Not something you could see with licensed exchanges. Sadly, the situation is the same for withdrawals. Of course, if the company allows any, there is a 0.002 BTC withdrawal fee.

CoinField Trading Features

The whole point of this exchange is to extort as much crypto as possible since cryptos are almost untraceable. On the positive side, the company has developed a proprietary app. Yet, it has only 50K downloads on PlayStore, while some other average exchanges have more than 10M.

Is CoinField Legit?

Definitely not. You can’t expect a company to be genuine without a valid license and non-transparent ownership details. Luckily, many warnings have already proved that.

But without it, it would be very hard to determine if the company is legit. That’s why we recommend reading our 12Trader review to expand your knowledge before investing.

Available Trading Assets

All the tradeable assets with this broker are related to crypto only. Therefore, you are limiting your investment options. In any case, without reliable software, all of it could be fake. Anyway, some of the popular options are: 

• Bitcoin
• Shiba
• Dash
• Dogecoin + many more

Account Types

The company doesn’t have a standard account type classification. Instead, traders can get better fees once they have a bigger 30-day trading volume. For example, up to $50K, you have standard fees.

Only after $5M is traded in 30 days, you can get 0% maker fees and 0.12% taker fees. It’s quite disappointing knowing there are many other exchanges with far better offers.

Mobile Trading App

Mobile app with CoinField is available for both, iOS and Android devices. Yet, after all the warnings, it becomes highly suspicious. Instead, you can opt for a licensed exchange and forget about any issues. To learn how to diversify good and bad companies, check our GfxRoyal review.

Demo Account

Generally speaking, demo accounts are not available on crypto exchanges. Yet, sometimes, you can gain insight into the platform and see the available tools. However, without full transparency, it’s very hard to trust anyone nowadays.

Education

Surprisingly, the company offers an Academy for new crypto traders. With them, you can learn everything you need to know about crypto. But of course, without a license, you can expect some other tips. In fact, the ones that will get you one day to deposit more money.

CoinField Withdrawal

CoinField withdrawals can be a nightmare. Primarily because the company doesn’t accept funding methods that are eligible for a chargeback. Such as a Visa and a Master card.

Instead, the most preferred option is crypto. Due to fast, anonymous, and virtually irreversible transfers. As mentioned, the withdrawal fee for BTC is 0.002, and it’s considered quite costly.

Customer Support

To get in touch with CoinField support, you can only try via e-mail. However, none of the more reliable options are available. Such as live chat or phone. But with so many negative reviews, it’s hard to believe they would respond anyway, especially if you are looking for a withdrawal.

Key Information To Consider About CoinField?

Primarily, traders already reported too many CoinField withdrawal issues. But also quite high and sometimes non-expected CoinField withdrawal fees. After all, the company is on the warning list, and you can expect them to vanish at any time.

But if this company stole your money, don’t lose hope. Our CipherTrace technology is a great solution to track crypto transfers. Ultimately, you can apply for a refund. To get assistance with that, contact our specialists as soon as possible!

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