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Bull Bitcoin vs CoinField: What Works Better For Canadians in 2024?

Oleg Galeev

Last updated March 13, 2024

As of July 15th, 2023, Coinfield's website stopped operating properly for Canadians. Also, their registration status of MSB has been ceased by FINTRAC. As a result, we would recommend avoiding this crypto exchange at the moment. Feel free to check alternatives e.g. Bitget or BitBuy. The comparison below is outdated, but we have retained it in the event that the crypto exchange resumes proper operations in Canada. More information here. The comparison below is outdated and kept for educational purposes. Apparently, if you pick between Bull Bitcoin and Coinfield, go ahead with Bull Bitcoin.

In comparing Bull Bitcoin and CoinField, we explore the nuances and offerings of two prominent cryptocurrency trading platforms catering to the Canadian market. Despite both being pivotal in the crypto exchange realm, they cater to different user needs, with Bull Bitcoin focusing solely on Bitcoin transactions and CoinField offering a wider array of cryptocurrencies.


Bull Bitcoin is a unique Canadian Bitcoin trading platform with ability to pay bills with bitcoin (cellphone, electricity even taxes to CRA) and that allows you to take self-custody immediately. 

CoinField is an EU-based cryptocurrency exchange that is Canada-friendly. It was a secure crypto exchange with a robust verification process.

Unfortunately, CoinField is no longer active in Canada. The Ontario Securities Commission (OSC) has stated that the exchange does not have adequate assets to satisfy withdrawal requests.


BTC only

While it offers the usual digital currencies such as bitcoinEthereum and Litecoin, it does not offer popular coins such CardanoSolana, or Dogecoin. The full list of coins available are: Bitcoin, Ethereum, XRP, Stellar, EOS, TRON, Sologenic, BAT, Mimblewimble, USDT, USDC, Bitcoin Cash, Bitcoin Gold, DigiByte, Golem, OMG, Augur, 0x, Zilliqa, Civic, and Loom.


Bull Bitcoin sends the BTC directly to your wallet so you avoid typical withdrawal and network fees that exchanges often have which is a money saver. Bull Bitcoin does not charge fees for buying bitcoin either. Instead, you’ll get exactly what their “We sell” price is. When paying via debit or cash at Canada Post, you’ll pay a 2% fee. 

When it comes to fees, CoinField has many. It charges a 2% deposit fee for Interac e-Transfers with a minimum deposit of $100. US dollar wire transfers are free. CoinField charges a 2.5% withdrawal fee using Interac and its maker/taker trading fees are 0.15%/0.25% if your trading volume is less than $50,000 over 30 days. 


  • Immediate self-custody of assets
  • Send funds via e-Transfer or wire
  • Pay anonymously with cash
  • No withdrawal fees or wait times
  • Recurring buys directly from your bank account
  • Pay bills with bitcoin
  • Secure and compliant exchange
  • CAD Interac e-Transfers available
  • Advanced trading features available
  • Easy-to-use app
  • Accepts many fiat currencies and deposit methods
  • Staking rewards and referral program


Only bitcoin available 

  • High deposit and withdrawal fees
  • Desktop platform can be confusing for beginners
  • Some of the most popular coins not available 
  • Slow customer service 

Account Limits

  • $10,000,000.00 CAD deposit / day via wire trasnfer
  • $10,000.00 CAD deposit / day via Interac E-transfer
  •  $1,000.00 CAD deposit / day via Cash or Debit at Canada Post
  • Buy & Sell transfer are almost unlimited ( $1,000,000.00 CAD a day)

Only limits at your local financial institution may apply

Methods to buy

When buying cryptocurrency with Bull Bitcoin, you can deposit Canadian dollars via an Interac e-Transfer, wire transfer or cash or debit at Canada Post. With the first two options, you will have to KYC and verify your Bull Bitcoin account. 

CoinField accepts six fiat currencies including CAD, USD, EUR, GBP, AED, and JPY.

  • Interac e-Transfer
  • Credit/debit where accepted
  • Bank transfer


  • Full custody of your bitcoin.
  • Cold storage
  • Secret vaults
  • Multi-signature wallets
  • Encryption and isolated servers
  • 2FA

Mobile and Desktop Trading

Bull Bitcoin: Although Bull Bitcoin prioritizes simplicity and direct Bitcoin transactions, it lacks a mobile app, focusing instead on a straightforward, web-based platform suitable for beginners. The user interface is designed for ease of use, with the goal of making Bitcoin purchases and bill payments as seamless as possible.

CoinField: CoinField offers a robust mobile and desktop trading experience. Its mobile app is well-reviewed, holding a 4.3-star rating on the Apple App Store and a 3.4-star rating on Google Play, praised for its user-friendly design and functionality. The desktop platform is equally lauded for its advanced trading features, catering to both novice and experienced traders.

Bull Bitcoin

Bull Bitcoin has a simple website since all of the transactions happen via your bank. There aren’t many features to get you confused, however, we think their website could be designed a little better.

UI of Bull Bitcoin platform

Major Screen

Buying bitcoin with interac e-transfer on Bull Bitcoin platform

Buying Bitcoin via Bull Bitcoin

Transaction screen on the mobile app

Transaction screen on the mobile app

Bull Bitcoin app screenshot


On the Apple App Store, the CoinField app has a 4.3-star rating with almost 500 reviews. On Google Play it has a 3.4-star rating with over 1000 reviews. Some of the worst reviews are people lamenting the high fees and slow processing times. 

Reviewing CoinField's features

Coinfield trading view

Reviewing CoinField's usability from desktop version

Coinfield view with selecting coins

One of the pages on CoinField's app

Coinfield app main screeen

Reviewing CoinField's mobile app interface

App view while trading

Security Compliance

Bull Bitcoin is completely safe since you always take full custody of your bitcoin, you do not need to worry about hackers stealing your funds on the platform. However, there is still a level of trust needed because you do not buy the bitcoin yourself and must wait for it to be sent to your crypto wallet

CoinField is one of the safest crypto exchanges in Canada. It has never been hacked. While CoinField may receive bad reviews for their slow customer service, CoinField is certainly a safe and compliant exchange. With CoinField you can have peace of mind knowing you are dealing with an exchange that prides itself on its security and privacy. The exchange utilizes cold storage, secret vaults, multisignature wallets, encryption and isolated servers. Users can enable two-factor authentication on their accounts for extra protection, and users must confirm all withdrawals via email. Signing in on a new device or with a new IP address also triggers a verification email. 

Bull Bitcoin: Takes security seriously by enabling users to take immediate self-custody of their Bitcoin. This approach minimizes the risk associated with exchange hacks. The platform is also compliant with Canadian laws and employs standard security measures to protect user information and funds.

CoinField: Known for its stringent security measures, including cold storage, multisignature wallets, and two-factor authentication. Despite these features, it has faced criticism for slow customer service. However, it remains a safe and compliant exchange within the Canadian cryptocurrency landscape.

Regulatory Compliance

Bull Bitcoin is registered with FINTRAC as a Money Services Business and there is a full KYC procedure meaning Bull Bitcoin is fully compliant with Canadian regulations. 

Coinfield used to be a FINTRAC-regulated crypto exchange in Canada but recently their registration status was ceased. It's hard to tell at this point how compliant it is but many Canadians still use it.

Both Bull Bitcoin and CoinField are subject to Canadian federal laws and are monitored by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). Bull Bitcoin is registered with FINTRAC as a Money Services Business, ensuring full compliance with Canadian regulations. CoinField, despite facing operational issues for Canadians as of mid-2023, including the cessation of its MSB registration with FINTRAC, has historically complied with Canadian regulations.

Customer support

Since it is a small company, it may take some time for them to get back to you. Their opening hours are from 9 AM to 8 PM Mon-Fri with sporadic ability on weekends.The platform has a 4.9-star rating on Trustpilot with almost 200 reviews, so it’s clear that customers are extremely satisfied with the service. 

CoinField allows users to submit support tickets either online or via email. It does not offer phone support. Customer support is available on weekdays and weekends, but CoinField does not have the fastest customer support – in some cases it can take days for an answer. You can, however, also get in touch via Twitter if you need urgent support.

Unfortunately, CoinField has a poor 2.2-star rating on Trustpilot with 62% bad reviews.

A lot of customers say that they have been waiting weeks to receive their crypto withdrawals.

Bull Bitcoin: Offers email support and maintains a high Trustpilot rating, indicative of customer satisfaction. Its smaller size may lead to slower response times, but the quality of support is generally high.

CoinField: Supports its clients through online tickets and email, with additional support via Twitter for urgent issues. Despite its broader reach, CoinField has faced criticism for slow response times, as reflected in its lower Trustpilot rating.


While both Bull Bitcoin and CoinField offer valuable services within the Canadian crypto market, Bull Bitcoin emerges as the winner for those prioritizing Bitcoin transactions and security. Its focus on direct ownership, combined with a simple, efficient trading process and robust security measures, makes it particularly appealing for beginners and those seeking a straightforward way to trade Bitcoin. CoinField, with its wider cryptocurrency selection and advanced trading features, remains a strong contender, particularly for users seeking diversity in their crypto portfolio. However, Bull Bitcoin's commitment to security, compliance, and user-friendly design gives it an edge in this comparison.

Bull Bitcoin is the most cost-effective platform for trading Bitcoin in Canada, offering a unique feature that allows users to pay bills, including phone, electricity, and even taxes to the Canada Revenue Agency (CRA).


Oleg is a Canadian citizen & crypto expert who has been trading since 2016. He started out with Coinbase, Kraken and Peer-to-Peer exchanges. After some time, centralized exchanges started charging crazy fees to their users.

He decided to review different crypto exchanges that operate in Canada and start a Youtube channel in order to educate Canadians on what kinds of things are going inside each one while giving them unbiased advice. On top of that, Oleg also has experience with NFT, airdrops, and crypto staking and he is constantly checking on new crypto assets.

His writing has been featured in popular Canadian media sources such as Toronto Sun and Ottawa Citizen.