- >Best Crypto Exchanges
- >Coinfield Exchange Review
CoinField is Discontinued: Leading Exchange Alternatives for 2025
CoinField is no longer active following regulatory action. Previously, CoinField was a European-based crypto exchange that offered fiat on-ramps, altcoin access, and mobile app support. In this article, we will discuss what went wrong and explore the best active alternatives for secure and reliable crypto trading in 2025.
Please note that some links on CryptoVantage.com are affiliate links. We may receive a commission, at no extra cost to you, if you click through our links and make a purchase from one of our partners.
What was CoinField?
CoinField was a centralized cryptocurrency exchange that served beginners and advanced traders. They offered a wide range of altcoins and fiat trading pairs.
The exchange featured user-friendly trading, fiat on-ramps, and support for minor tokens, capturing a loyal base across Europe and North America. At its peak, the exchange was known for its straightforward onboarding and access to a diverse asset list.
Why CoinField Is No Longer Active
CoinField’s collapse began when user complaints surfaced on online forums, suggesting withdrawal requests were ignored or unfulfilled. This operational failure was later reflected in findings by the Ontario Securities Commission that the exchange failed to safeguard investor assets, honor withdrawals, and misrepresented key operational facts.
In August 2023, the website went offline, with major crypto aggregators marking it inactive. A year later, the Capital Markets Tribunal ruled that CoinField had engaged in unregistered trading, illegal security distribution, and deceptive communications with investors.
The regulatory breaches and operational failures meant the platform posed real risks for any remaining users, erasing trust in CoinField as a venue for crypto trading. As a result, choosing a platform with a strong compliance track record, like Coinbase, has never been more important for crypto investors.
Why Coinbase Is Superior To CoinField For Crypto Trading
Coinbase is a great alternative for former CoinField users. Like CoinField, the exchange offers a wide range of cryptocurrencies, easy fiat deposits, and an accessible interface, but with far greater regulatory transparency and a spotless security record. As a publicly traded U.S. company, it provides trust, compliance, and user protection.
The platform is also accessible in over 100 countries, supports hundreds of digital assets, and offers educational content to guide new crypto investors. You get 24/7 support, fully insured custodial solutions, and seamless fiat on/off ramps. The platform’s fees may be slightly higher than some offshore competitors, but they are justified by the platform’s safety , user resources, and reputation for reliability.
A regulated U.S. exchange tailored for simplicity, security, and fiat integration.
How Coinbase Guarantees Safe Crypto Trading in 2025
The exchange is a top choice for crypto traders because it combines a straightforward user interface with industry-leading security and a strong global reputation. The platform makes it simple to buy, sell, and stake over 250 cryptocurrencies, including major tokens and trending altcoins. You will have to complete mandatory KYC checks to trade.
With its Earn program, you can collect free crypto by watching short educational videos and completing simple quizzes. The program is frequently updated and includes new projects. There are always fresh opportunities to earn as you learn.
For U.S. customers, their card provides up to 4% bitcoin cashback on everyday purchases, bringing practical value to regular spending and helping you grow your portfolio at the same time.
You also have access to more advanced ways to earn, like staking rewards on popular coins and competitive interest rates for holding USDC. Joining Coinbase One unlocks zero trading fees, higher cashback rewards, and priority support.
The platform regularly launches on-chain partner deals like NFT bonuses, gas rebates on Base Layer 2, and special promotions for traders and collectors. Costs are transparent and competitive, especially when using the Advanced Trade dashboard.
Approximately 98% of user funds are held offline in cold storage and provide insurance against theft. Two-factor authentication, strong data privacy controls, and regulatory oversight keep your assets and information secure.
As a publicly listed company, the exchange delivers unmatched trust and regulatory compliance. With seamless trading, rapid fiat deposits, and smart rewards, it’s a reliable alternative to CoinField.
Similar Brands Worth Considering
Users looking for a CoinField alternative can choose from some of the best crypto exchanges available, each offering its advantages. Binance offers users coin variety and deep liquidity, while Kraken’s prioritization of security has earned it the reputation of being one of the safest cryptocurrency exchanges. Bybit is another great option, offering users access to advanced trading tools and fresh market features.
Brand
Best For
Rewards/Bonuses
Fees
Final Thoughts: Is Coinbase Worth It?
CoinField was a notable platform in its era, but its closure highlights the importance of trust and effective safeguards in crypto trading.
Today, solutions like Coinbase offer transparent operations, strong compliance, and a wide selection of features designed to meet modern trading demands. Users benefit from an intuitive platform, robust security, modern reward programs, and dedicated support for active traders. Open your account today and start earning crypto with every purchase.
Coinfield Frequently Asked Questions
Coinfield was based in Vancouver, British Columbia, Canada.
Yes! The exchange was available in the United Kingdom and supported GBP for deposits and withdrawals before it was shutdown.
Before its shutdown, users could buy Ripple with any of their accepted fiat currencies, or trade for it with any of their supported cryptocurrencies.
Liquidity on CoinField was highest for Ripple, which was their most traded asset.
While their trading fees were very competitive, their fees for depositing and withdrawing cryptocurrencies were higher than many other exchanges we have reviewed.
No, it is currently unavailable to US residents but they do allow deposits and withdrawals in USD.
Yes! They had a mobile app that was available for both iOS and Android before the platform was shutdown.
