CoinField Review 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- ₿0.004
- TradingView
- FIU
- Multiple cryptocurrencies and tokens, six fiat currencies for trading
- exchange and currency converter
- no investment offers
- good value trading in SOLO coins
- exchange has its proprietary plastic card for offline purchases
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- ₿0.004
- TradingView
- FIU
- Multiple cryptocurrencies and tokens, six fiat currencies for trading
- exchange and currency converter
- no investment offers
- good value trading in SOLO coins
- exchange has its proprietary plastic card for offline purchases
Our Evaluation of CoinField
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
CoinField is a high-risk cryptocurrency exchange with the TU Overall Score of 2.65 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by CoinField clients on our website, Traders Union expert Anton Kharitonov does not recommend working with this broker, as, according to reviews, most clients are not satisfied with the broker. CoinField ranks 91 among 172 companies featured in the TU Rating, which is based on the evaluation of 100+ criteria.
The CoinField crypto-exchange offers favorable terms of cooperation. Its main advantages are a large pool of cryptocurrencies and tokens, trading with fiats, multi-currency wallet, low commissions, and the possibility of ordering a SOLO card. Plus there is the ability to connect trading bots and no restrictions on trading. You can decrease the commissions by increasing the trading volume and receiving rebates from the Traders Union, purchasing SOLO tokens, and through an official partnership with the exchange. The exchange suits beginners and experienced traders, but it is not interesting for investors, because except for the referral program there are no passive income options.
Brief Look at CoinField
CoinField is a cryptocurrency exchange and trading platform. The platform allows you to trade Bitcoin (₿), Litecoin (Ł), Ethereum (Ξ), Tether (₮), Ripple, ZRX, OMG, BAT, and tons of other cryptocurrencies and assets. Six fiat currencies are available for trading, and there is a separate service for the exchange and the currency converter. The platform has low trading fees, up to 0.15% for the maker, and up to 0.25% for the taker. The platform provides OTC trading. There is a standard referral program, and there are no investment programs. The exchange has its SOLO token and its plastic card valid for offline stores. The company offers a partnership of active bloggers, as well as authoring software and a White Label Exchange to create exchanges and exchangers. Advanced API is available.
- all popular cryptocurrencies and coins are available for trading, as well as six fiat currencies;
- there are OTC trading, cryptocurrency exchange service, currency converter, and other options;
- the exchange has a low minimum deposit (₿0.004 or equivalent), no restrictions on trading strategies;
- there are convenient mobile applications for iOS and Android;
- the platform provides an extended database of cryptocurrency trading;
- there is a profitable referral program with fixed payments to SOLO, plus a percentage of the partner’s commissions;
- you can order a SOLO card and pay with cryptocurrency in the stores, which also accepts MasterCard;
- each user is given a multicurrency wallet with a high level of protection;
- there is an API, a special program for partners, as well as a ready-made solution for creating your own White Label cryptocurrency exchange.
- no hands-on solutions for investors;
- no demo accounts.
TU Expert Advice
Financial expert and analyst at Traders Union
CoinField cryptocurrency exchange was launched in 2018. The company is headquartered in Tallinn. It operates transparently under licenses FVR001049 and FRK000941. There is no evidence of tax evasion, claims of fraud, or defaults against customers.
The platform offers a standard trading terminal for the TradingView browser with typical functions but without any add-ons. The mobile application duplicates the capabilities of the browser version. It is available for iOS and Android devices. During the tests, experts did not reveal any vulnerabilities or technical problems.
The site has low commissions (not more than 0.15%/0.25% for maker/taker). There are several options to reduce them, including increasing the volume of trades (trading levels), rebates from the Traders Union, and the purchase of their SOLO token.
Token trading provides several other benefits, including the ability to purchase a plastic card with a link to your personal account to pay in offline stores.
The exchange is a convenient and secure platform with favorable trading conditions that are extended by additional options and services such as referral program, SOLO token, API, and an official partnership with access to the White Label Exchange software. The only disadvantage of the exchange is a lack of investment opportunities, so the site is not suitable for those users for whom passive income is a priority. In other respects, it is estimated by experts highly.
CoinField Summary
| 💻 Trading platform: | TradingView |
|---|---|
| 📊 Accounts: | Standard |
| 💰 Account currency: | Cryptos, EUR, USD, CAD, GBP, JPY, and AED |
| 💵 Replenishment / Withdrawal: | Bank cards and accounts, electronic and cryptocurrency wallets |
| 🚀 Minimum deposit: | ₿0.004 |
| ⚖️ Leverage: | No |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | From 0 |
| 💱 Commission: | Market |
| 🔧 Instruments: | Cryptos, fiat currencies |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | Not indicated |
| ⭐ Trading features: | Multiple cryptocurrencies and tokens, six fiat currencies for trading; exchange and currency converter; no investment offers; good value trading in SOLO coins; exchange has its proprietary plastic card for offline purchases |
| 🎁 Contests and bonuses: | No |
The CoinField cryptocurrency exchange uses the AML/KYC verification system, which meets European security requirements. After registration and data confirmation (verification), the user needs to make a minimum deposit to start trading. The deposit is from ₿0.004 or its equivalent in another asset. Please note that there is no leverage on this crypto exchange. This means that in the process of trading, the user can rely only on his own funds. Technical support works 24/7, but the company does not have a call center. You can contact the technical support through the ticket system on the website or by email. The table below shows the main trading conditions of the site.
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Commissions & Fees
You can reduce the number of commissions by purchasing and holding a SOLO token. There are 5 levels of discounts, which are determined by the amount of token held. For example, at the first level with a hold of up to 1,000 SOLOs, the discount is 15%. At the fifth level with a hold of 400,000 SOLOs or more, the discount is 50%. These options allow for a significant reduction in trading commissions, which is especially beneficial if you also receive rebates from the Traders Union for additional savings.
| Account type | Commission (minimum value) | Withdrawal commission |
|---|---|---|
| Standard | Up to 0.25% per order | Yes |
Even without discounts, the fees at CoinField are lower than the market average, but Traders Union experts recommend using all available options to make trading more profitable. Note that the site charges not only trading fees, but also deposit and withdrawal fees. There are no deposit fees for cryptocurrencies, but there are for fiat currencies. There are no withdrawal commissions except for SOLO tokens and Ripple coins. The current commissions for all assets can be found in the "Deposit and Withdrawal Fees" section.
| Broker | Average commission | Level |
|---|---|---|
|
$0.25 | |
|
$20 | |
|
$0.1 |
Investment Programs, Available Markets, and Products of the Crypto Exchange
The CoinField cryptocurrency exchange does not provide investment solutions to clients. The only passive earning option is the referral program. However, it cannot be considered as the main source of income. The platform is focused on active trading on crypto-to-crypto and crypto-to-fiat pairs.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
CoinField’s affiliate programs:
The CoinField crypto exchange offers a standard referral program in which every verified user (i.e., a user who has verified their personal details through the AML system) can participate.
To become a member of the affiliate program, you need to find a referral link on the toolbar (the link is generated individually for each user). Further, it can be placed on any site without any restrictions. Every user who follows the link, registers, gets verified and starts trading becomes a partner (referral) of the referrer.
The referrer gets 10 SOLO coins for each referral and a further 25% of all his trading commissions. The affiliate program is open-ended, that is, the inviting user will receive payments for his referrals every time they trade on the platform. But he can't receive payments for users who were invited to the platform by his referrals (because the program is one-level only).
Note that the program is not valid if the invited user made his first deposit in cryptocurrency. The program is only valid if at least 100 units of fiat currency were deposited (e.g., 100 US dollars or 100 euros).
User Satisfaction