Despite the downturn that shackled the crypto markets in 2018, there is a renewed sense of optimism, as some experts believe the crypto market could fare better in 2019. Canadian-based CoinField plans to make crypto trading more accessible and cheaper for investors — irrespective of where they live — so they can take advantage of when crypto prices go green. The exchange intends to become one of the largest trading platforms for cryptocurrencies. It is already available in 101 countries and the team plans to expand the service to more regions in 2019, including the United States.
World-class trading dashboard
CoinField was launched in April 2018 by Central Crypto Exchange Corp. The platform says it provided both advanced and simplified trading dashboards for beginners and professional traders to buy and sell any cryptocurrencies in just a few clicks.
The trading platform says it offers real-time order books, trade history, charting tools, advanced limit and stop orders, and a user-friendly order process so that a user “can trade like a pro from day one.”
Its engine is capable of conducting “75,000 trades per second, or up to 1.5 million API calls per second” according to its press release. CoinField highlights that the company uses the latest technology to keep the digital assets safe. Its servers are isolated and the platform has implemented three different advanced wallet technologies. According to the company, CoinField
Uses a “one of a kind secret vault that’s been built from scratch to store sensitive information on the system.”
CoinField currently offers deposit and withdrawal options for six different popular fiat currencies and 60 trading pairs for crypto. The platform has recently added four new digital assets.
Deposit and withdrawal options
The exchange offers fiat currency integrations for traders, including the U.S. dollar, Canadian dollar, euro, the British pound sterling, Japanese yen and United Arab Emirates dirham.
CoinField traders can choose from a variety of deposit and withdrawal options that allow traders to convert supported fiat currencies into cryptocurrencies swiftly and whenever they want. These options include wire transfers, Interac e-Transfer, PayPal Express, credit cards and more. The exchange claims to have a fraud prevention mechanism that detects suspicious activities in traders’ accounts, ensuring their digital assets and funds are always kept safe.
Designed as a platform that can be used by various traders — regardless of their experience — CoinField claims to offer competitive fees compared to other exchanges out there. For trading fees, it provides a Maker fee that ranges from 0.05 to 0.15 percent, depending on the trading pair used.
Wire transfer fees for both U.S. dollar and euro are free, but it comes with a 24-48 hours processing time.
Adding XRP as one of the base currencies
While a lot of crypto exchanges offered XRP trading pairs to their customers following its spike in price — when the token briefly surpassed Ethereum by market capitalization — CoinField claims to have been the first exchange to offer XRP as one of its base currencies, enabling the traders to pair XRP with over 30 different crypto and fiat currencies on its platform.
“In a very short amount of time, XRP has proven itself to be one of the most reliable and most cost-efficient blockchain networks in the industry. By adding XRP as a base currency in all trading pairs, our users can move funds in and out of different exchanges or different wallets in a matter of seconds. We are directly benefiting our users with a stable, proven base.”
The platform also listed Stellar Lumens as an XRP-based trading pair on its platform, along with direct fiat trading pairs with the U.S. dollar, Canadian dollar and euro. The exchange announced the addition of the USD Coin (USDC) stablecoin in December as a safeguard for investors.
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