Coinfield Vs Crypto.com: Which Is Better For Canadians In 2026?

How Do Coinfield And Crypto.com Compare, Fact By Fact?

Every row below comes from each company’s own pages and the Canadian registries, checked October 2026. Where a row has no fair winner, it says so.

What Are The Key Differences Between Coinfield And Crypto.com?

How Do You Fund And Cash Out Coinfield And Crypto.com In Canada?

Platform closed in 2023. Never send funds to a site using the CoinField name. Bank-side Interac limits also apply. Per-method fees for withdrawals and card or wire funding were not retrievable.

What Does It Actually Cost To Buy On Crypto.com?

Crypto.com: Canadian app fee schedule and spread not published on a fetched page (2026-10-03). Do not compute an all-in cost. Neither publishes a maker and taker schedule because there is no order book: the spread is the fee. If cost matters most, NDAX (flat 0.20%) or Kraken Pro are cheaper places to buy in Canada. Ranges reflect each platform’s published band, not a single quote. Bank and network fees are not included.

What Do Coinfield And Crypto.com Offer Beyond Buying And Selling?

Crypto.com Only

• CAD Account: Hold CAD, deposit by Interac, balance cap CAD 100,000 (higher for Prime). Sell crypto to CAD and withdraw to your bank.
• Welcome Bonus: Canada keeps the legacy milestone-based Welcome Bonus after KYC; the amount was not verified.

What Happens To Your Money If Coinfield Or Crypto.com Fails?

Coinfield: Coinfield is the failure case: the platform shut in 2023 without meeting customer withdrawal requests, and the tribunal found it lacked the crypto assets to satisfy them. The sanctions are a permanent Ontario market ban, a CAD 2.4M penalty, CAD 537,034.46 disgorgement and CAD 89,538 costs. No CIPF or other scheme covers crypto, so affected customers should watch for official notices and ignore anyone offering paid recovery.

Crypto.com: Crypto.com in Canada is a restricted dealer under the CSA, so it must hold client assets with conditions set by regulators, but CIPF never covers crypto. A third-party insurance figure, cold storage share and proof of reserves were not found on a Canadian page, so none can be relied on here. Coins are held by the company until you withdraw. If the company failed or was hacked, you would be an unsecured claimant for anything not recovered, and withdrawals could be paused.

How Are Coinfield And Crypto.com Treated For Tax In Canada?

Coinfield: Trades on Coinfield were dispositions for CRA purposes. Keep your records, and speak to an accountant about any crypto you could not withdraw. Export formats: Not published.

Crypto.com: Buying with CAD is not a disposition. Selling for CAD, swapping one coin for another and spending crypto are dispositions you report to the CRA. Export formats and any CRA-ready report were not verified.

Selling, swapping or spending crypto is a disposition for the CRA on any platform. This is not tax advice: see my guide to crypto taxes in Canada.

Which Should You Choose, Coinfield Or Crypto.com?

Choose Coinfield If

• You want a registered platform that serves Canadians today: Coinbase is our number one replacement, with free Interac e-Transfer funding and a Canadian restricted dealer registration.

Choose Crypto.com If

• You want a mainstream app with a wide coin list and are fine with spread-based pricing
• You want a CAD Account funded free by Interac e-Transfer
• You are not buying on fee transparency alone, since the Canadian fee schedule is not published

What Happened To Coinfield?

Coinfield was an Estonia-based exchange, run by Manticore Labs OU with a Canadian arm called Manticore Labs Inc., that began serving Canadians in 2018. It shut down in 2023. In January 2025 Ontario's Capital Markets Tribunal permanently banned its operators from Ontario's markets and ordered a CAD 2.4 million administrative penalty.

The tribunal also ordered CAD 537,034.46 in disgorgement and CAD 89,538 in costs, according to the tribunal decision and advisor.ca. The record shows at least 1,275 Ontario clients held about CAD 2.5 million on the platform at the end of 2022. The regulator's central complaint was that Ontario users could not withdraw.

On the registration side, Coinfield is not on the CSA list of authorized platforms. FINTRAC shows its money services business registration for Manticore Labs OU as revoked on November 10, 2023, and two earlier Coinfield registrations as ceased in 2021 and 2019. It does not appear on the CSA banned list page either, but the tribunal order is the stronger record.

For more detail, see my Coinfield page. I do not link to Coinfield for sign-ups, because it is not an option for Canadians.

What Should Coinfield Users Use Instead?

The short answer is Crypto.com, the other half of this match-up. It is available to Canadians, and it is people who want one app for trading and a crypto card and are happy to read the fee screen before each order. If you want the closest like-for-like match to Coinfield, my notes name NDAX.

How Much Does Crypto.com Cost, And How Do You Fund It?

Since Coinfield cannot be compared on current fees, here is what Crypto.com charges today, taken from its own published pages.

Is Crypto.com Safe For Canadians?

Foris DAX CAN ULC, an Alberta company, is a Restricted Dealer with the OSC and the CSA. Its CSA decision is dated May 8, 2025, and it holds FINTRAC registrations. It is not a CIRO member.

Custody and insurance details for the Canadian app are unknown, so I am not quoting any.

The app rates 4.63 on the Canadian Apple App Store from 66,198 ratings, and 4.4 on Google Play from 692K reviews.

Whichever platform you use, I still say the same thing: do not keep more on an exchange than you are prepared to lose, and move long-term holdings to your own wallet.

Who Should Choose Crypto.com?

Crypto.com suits people who want one app for trading and a crypto card and are happy to read the fee screen before each order. It is a weaker fit if you need something its list or fee structure does not cover: canadian trading fees not published where I could read them, and cAD withdrawal terms unknown.

Not sure which platform fits you? Take my 60-second quiz or see my full ranking.

What Should You Do If You Still Have Something With Coinfield?

Coinfield: If you still had money on Coinfield, the Ontario tribunal's January 2025 decision is the public record to read, and it is the place to start for anything about recovery. I would not deposit anything into a site that uses the Coinfield name today. The original platform is gone.

A simple rule applies after any platform change: keep your own records of every purchase, because the CRA treats crypto as a commodity and you need the history for your tax return.