Review on CoinField by Praise Olagbadun

Name: CoinField
Item: CoinField
Rating: 3

May 08, 2021

Low Liquidity Seems To Affect The Exchange Platform

TThe exchange platforms we have on the blockchain network makes it compulsory for one to try almost all of them. This is because of how some of the exchange platform have a specific feature that they specialize in offering their users. 
The CoinField exchange platform would be the platform that would be my point of focus in this review. This is an exchange platform that was established in the year 2018 and has ever since then run with the sole purpose of serving the Canadian market. This happens to be displayed by the fact that they accept only the Canadian dollar as Fiat. Although they intend expanding by increasing the number of fiats they accept, the fact that they are still currently limited to the Canadian dollars remain.
Trading features was the first thing I checked out in this exchange platform and discovered that the exchange platform has a very beautiful user interface. They also charge quite an affordable or better still, competitive fee for trading. This is displayed by the fact that they charge traders a flat trading fee of 0.05%, which happens to be far below the industry's average of 0.25% and the normal competitive fee of 0.1%. 
The next thing I got to discover was the fact that the exchange platform doesn't have a mobile application. I don't find this as a problem though, but some people do prefer using an exchange platform on the mobile application. 
There also seems to be something I don't really like about the exchange platform, this is the fact that the exchange platform has a low liquidity. This happens to be something I don't like at all and have made me use exchange platforms with goof liquidity like Kucoin and Binance. I just hope they work on that.
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Pros

The exchange platform accepts fiats, although it is limited to just the Canadian dollars
They have a good user interface
Their trading fees is very competitive

Cons