The webs most detailed Coinfield review: This rather new crypto trading platform with a mix of tokenized stocks is rather new on the market. It is starting to make a name for itself and we decided to let our expert find out everything he could on this regulated cryptocurrency exchange. Keep reading to learn exactly why you should use Coinfield.
In this section of our Coinfield review we highlight 6 special features that deserves extra attention.
Coinfield is a cryptocurrency exchange launched in Estonia back in 2017. It’s a rather new platform for digital asset trading but it’s already got a European regulation which adds to the trustworthiness. The company behind this operation is called Manticore Labs OÜ and is registered at Metalli 3, 5th Floor, Tallinn 10615, Estonia.
So far, there are roughly 20 employees on the exchange which makes it a rather small operation still. This is not necessarily something negative but we have to mention this because a lot of traders prefer to use an established platform with a big team.
Why use Coinfield
This platform is for all traders who are looking for either make simple crypto to crypto swaps who wants to trade with technical indicators and semi-advanced order selections. You can buy cryptocurrencies with fiat money which is a great way to get started on the platform.
If you want to try out a new regulated crypto trading platform then Coinfield is a good choice for you. The OTC desk might interest you if you are looking to try a new exchange with this option. It is not a very advanced exchange but it still takes some time to get used to the special trading interface layout
Trading on Coinfield
With the chart from Traingview we can guarantee a very smooth experience when it comes to charting. The technical trading tools are the basic standard from Tradingview which are always up to date. When it comes to latency and order execution we don’t have much data on how it handles fast and active trading.
There are two different trading platforms. First, the basic swap interface that lets you exchange from crypto to crypto. Then we have the more advanced version with a chart and more tools to use. This doesn’t seem to be a fullt fledged monster when it comes to trading, however, it’s definitely good for beginners and semi-advanced traders.
Payment methods and limits
VISA, Mastercard, PayPal, SEPA, Wire Transfers, EFT, Interac e-transfer, and MuchBetter are available for fiat deposit and withdrawals. To be able to deposit fiat money you need to upgrade your account to Pro and send in your KYC-documents. When you do this you unlock a deposit and withdrawal limit of $2M USD per day.
Things we don’t like
The live chat is not really a live chat which is very frustrating. We usually bash on the customer support if we think it’s not good enough and this is the same situation. If a trading platform is going to rate high on Tradingbrowser it needs to take care of its customers when a problem occurs.
Another thing I think is sligtly negative is the trade interface. It’s not well developed and it doesn’t seem suitable for experienced traders. The thing it’s lacking is a real stop loss and take profit order system as well as a customisable interface. The chart is static and I would like to see it a little bit bigger. You can make it fullscreen but then you lose the option to trade.
About the special features on Coinfield
Coinfield has a different trading interface than most other platform which is nice to see. It can be a little confusing at first glance but if you spend 5-10 minutes exploring the options you will see that it’s well suited for beginners as well as experienced crypto traders. Find daily gainers and losers in the Sologenic platform to pick the stocks with highest volatility for the day. This is a great tool for day traders looking for volatility.
The staking program on Coinfield is done through the SOLO token. Earn up to 20% per year in this innovative savings system for cryptocurrencies. You will receive rewards daily and you can choose your own plan depending on how you want to stake your cryptocurrencies.
To be able to access the OTC market on Coinfiel you need to upgrade your account to Pro or Corporate. Your deposit and withdrawal limit will increase to $2 M USD per day. Coinfield offers a very fast OTC desk on a simple platform that can handle very large volumes for institutions and traders in general with deep pockets. The minimum order size for OTC trades is $50,000.
When you trade on the Sologenic platform you will have a great overview of your current account through a pie-chart that will display your whole account. You will be able to see market gainers and losers to keep track of your favorite markets all the time.
Professional trading account
On Coinfield you have the option to open a professional or corporate account which will unlock higher deposit and withdrawal limits. Keep in mind that to be able to unlock the Pro account you need to send in more KYC-documents.
This is something new that we start to see more often on the market. The Coinfield platform has an option to trade stocks as tokens. This is pretty cool in my opinion and instead of trading other contracts you can trade Tesla and Apple as a token on the platform.
Is Coinfield safe to use?
Yes, Coinfield is regulated in Europe and is considered a safe platform to use. Together with the SSL encryption, 2FA verification for mobile phones, and the cold storage cryptocurrencies wallets that are employed, we think Coinfield has good safety.
Is Coinfield regulated?
Yes, Coinfield is regulated in Europe by Financial Intelligence Unit (FIU) under license number FVT000111.
Frequently asked questions
Read the most frequently asked questions about Coinfield. Find answers without searching the web.
Yes, Coinfield is one of few regulated cryptocurrency exchanges in Europe with full support for cold storage wallets for digital assets.
Coinfield is a European regulated cryptocurrency exchange based in Estonia. Buy, trade, or sell cryptocurrencies and tokenized stocks.
It's easy. Head over to your wallet and choose the currency you want to withdraw. Click withdraw and insert your cryptocurrency wallet. For fiat currencies, click the currency you want to withdraw and then select the credit or debit card you have used.
Yes, Coinfield is regulated in Europe by FIU under license number FVT000111.
This cryptocurrency exchange is available in 193 countries. You can see all prohibited jurisdictions in this review.