CoinField is a fake Cryptocurrency exchange allegedly operating from the European Economic Area and offering financial and investment services like trading, staking, buying and selling of Cryptocurrencies.

The operations of CoinField.com website resemble those of a ponzi scheme, and if you have lost any funds through this bogus Crypto exchange, you should file a complaint here to recover your funds.

5 reasons why CoinField is a scam

We have noticed multiple red flags on this website which should worry you and discourage you from signing up and taking the “fake investment opportunity” that CoinField is offering.

Here are our 5 main reasons why we wouldn’t encourage any of our readers to utilize the services of this company.

1)CoinField is on the financial regulator’s warning list

The Ontario Securities Commission has warned that this company is offering illegal securities to investors.

What this means is that the financial regulator does not trust this entity and is not comfortable letting CoinField continue targeting citizens of Canada.

The only reason as to why an investment firm may ignore regulatory requirements in such jurisdictions is when the people running the firm have an ulterior motive.

Since investors funds are involved in this scheme, we may confidently conclude that CoinField is intending to scam investors big time.

2)CoinField deceptive staking program

The company is offering investors a chance to stake their coins. They have launched a worthless coin called CFC that investors buy with real currency like USD.

The problem is that investors who “stake” this coin are risking their funds in something that has no proven market value and converting it back to real cash may be next to impossible due to poor liquidity.

CoinMarketCap has not even verified its real market cap. On the other hand, CoinField is encourging investors to stake for at least 1 year.

If they withdraw prematurely, investors are supposed to lose whatever rewards that the ponzi scheme promised them.

To cut the long story short, investors will be holding on to something that has no real value. Who knows when these guys will do a rug pull and exit, leaving ‘stakers’ with useless coins in their wallets?

3)The deceptive marketing gimmicks

CoinField promises to issue investors a special card that they can use on any ATM to access their funds anywhere.

This is nothing more than a marketing gimmick. The scammers know that such promises make investors happy.

Whether or not you get the card, one thing will be sure…. CoinField is a scam that is likely to cause you massive financial losses.

Don’t fall for any of their promotions.

4)Very negative feedback from users

CoinField has attracted negative complaints on the forums and websites that tell the truth like it is.

Nearly all users who were involved with this company said one or another negative thing about the company.

And all of these users also reported the loss of their funds here.

5)CoinField is a network of scammers

The company is also associated with entities known as Manticore Labs OU and Global Fintech Trading LTD.

Manticore Labs OU has 6 employees and has been in operation since 2020. The scammers made the most profit in 2020 according to these records.

The average salary of Manticore Labs OU employees in the first quarter of 2023 increased by 1,040 €.

You can obviously see that these scammers business activities are thriving and hence the increase in their pay.

Viktoria Hodus is cited as a “board member” but it would be no surprise that this person is also the owner of Manticore Labs OU.

On the other hand, Global Fintech Trading Ltd is a UK registered company associated with an American as well as several British nationals.

Their UK registration status does not mean much. We have seen that scammers are taking advantage of business registration in the UK to appear legitimate even as they continue to defraud unsuspecting investors.

Conclusion of this review

CoinField is a high-risk investment platform. There’s no guarantee that you will get your funds out of this platform once you make that bank payment.

The “profit” is from their ponzi scheme activities and not all people make money from ponzi schemes.

Just a small fraction get paid but majority lose their funds as the thing will always sink and disappear with funds once new investors stop injecting money into the project.

Is this a kind of risk you want to take?