Coinfield To Expand Its Crypto Exchange Services In 2019
2018 was not a good year for cryptocurrency traders. Despite the downturn that was majorly a result of the Bitcoin crash, experts are still optimistic and predict that the markets would fare better in 2019. Buoyed by the increasing public interest in cryptocurrencies, CoinField, a Canada-based cryptocurrency platform has announced its plans to expand its presence this year.
With a presence in over 100 countries, CoinField is one of the fastest growing cryptocurrency platforms. CoinField claims its latest move will make cryptocurrency trading easier and cheaper for investors. A global presence would help investors avoid delays in taking buying and selling decisions. The move is expected to bring CoinField one step closer to its aim of becoming one of the largest cryptocurrency trading platforms.
CoinField is backed by Central Crypto Exchange Corp. The Canadian company launched the platform in April 2018. CoinField has two types of dashboards; one for beginners and the other one for pro traders. The dashboards have been customized according to the purpose they are intended to serve, which helps speed-up transactions.
CoinField claims its platforms have a number of charting tools and a user-friendly order process that ensures beginners don’t encounter any problems when performing transactions.
The trading platform claims its servers can conduct up to 75,000 transactions per second. CoinField says it uses the latest technology to ensure the safety of digital assets. According to the management, the platform uses a unique secret vault that is specially designed to store classified info. CoinField also claims that it uses isolated servers and has implemented three wallet technologies for enhanced safety.
As of now, CoinField allows traders to deal in six flat currencies including the U.S. dollar, Japanese yen, the British pound sterling, the UAE dirham, Canadian dollar, and euro. Traders can use from a different deposit and withdrawal options such as PayPal Express and credit cards to convert these currencies into cryptocurrencies. The platform has recently added four digital assets.
CoinField claims to have a superior fraud detecting mechanism that is designed to detect any fraudulent activities in traders’ accounts, which helps in ensuring the safety of digital assets.
The platform claims to charge a lower fee as compared to several other competitors. Traders can expect to pay a Maker fee in the range of 0.05 percent-0.15 percent. There are no wire transfer fees for euro and U.S. dollar. However, traders have to wait for 24-48 hours before the transaction reflects in their account.
Andrej Burcev got into Crypto while completing his Bachelor of Science at Kingston University in London. Andrej now works as Senior Software Engineer. He is currently collaborating and writing articles for TheDailyCoins with his focus in innovative technology and its cultural and social influence.