CoinField, a Vancouver-based cryptocurrency exchange, announced that it has completed updating the platform, allowing the addition of at least 10 more new coins to the existing portfolio in the coming months. The exchange also revealed that the majority of coins that would be offered for trading will be available in Canada for the first time. However, the exchange will be releasing the final list of coins to be added only in May 2018.
CoinField does not allow anonymous trading accounts. All users must compulsorily go through AML/KYC compliance process. These rules are followed strictly to prevent money laundering activities. The exchange will continuously monitor for suspicious activities and would voluntarily inform law enforcement authorities to ensure a secure, legal, and worry free trading experience for all its clients. In this regard, the company’s executive said
“Any and all attempts to hurt our traders and tarnish the perception of the revolutionary blockchain technology will be met with the full force of our cutting-edge security infrastructure.”
CoinField has categorically stated that the trading platform and client’s assets are of paramount importance to the company. To ensure safety and peace of mind for clients using the platform, the cryptocurrency exchange has employed a multitude of security features including two-factor authentication (2FA) and 256-bit SSL encryption. Additionally, the exchange utilizes a Secret Vault technology to safely store cryptocurrencies of its clients.
CoinField CEO Babak Bob Ras said
“We are fully aware which coins are the most desirable by Canadian crypto community and our team work around the clock to bring these new coins in Canada for the first-time. However in order to stay compliant with the regulations, before we list any additions to our expansive portfolio, we have to analyze and evaluate the coins to make sure the ones we are listing are ‘commodities’ as we do not list any ‘securities’ on our platform.”
The exchange uses Multi-Signature Wallets offered by blockchain security company BitGo. CoinField also employs other security features such as DDoS Protection by Cloudflare, Suspicious Activity Logger, and Isolated Servr Access. All these features create a hack-proof eco-system. The cryptocurrency exchange also offers a detailed FAQ database, a ticketing system for complaints, and an expert support team.
Further, Bob Ras said
“Our team is 100% engaged and driven to serve our users to the best of our abilities. Our experts go above and beyond what is required, taking on every case with a consultative mindset and offering solutions.”
Salient features of the platform
• Instant account verification through Equifax
• 24×7 support.
• Crypto assets protected by advanced Multi-Layer technology secured by BitGo.
• 99% coins in cold storage
• Fraud prevention through advanced algorithms
• Holdings can be verified directly on blockchain
• Legal team to monitor Canada’s regulatory framework.
• platform offers real time orderbooks, trade history, charting tools, and a user friendly order process.
• Mobiile trading facility (trade & transfer/withdraw)
