Cryptocurrency exchange, Coinfield has announced that in order to comply with regulations, they will make some changes to the current “Starter” account. Their “Starter” account will become a “Demo” account, and it will give users access to the following:
* The account Dashboard (view mode)
* Referral Program
Users with a Demo account on Coinfield will not be able to trade, withdraw or deposit crypto and fiat.
Coinfield users who currently have a Starter account and wish to continue trading in any capacity will need to upgrade to a “Pro” (level 5 ) account. Upgrading takes just 30 seconds and only requires full name, ID, and a selfie.
To upgrade, users will need to submit the following documents:
A Government ID from both sides
A selfie holding their ID
With a Coinfield Pro (Level 5) account, users can benefit from increased security measures, services, and trading options.
A Pro account gives users access to:
Unlimited crypto-to-crypto trading
Unlimited crypto deposit and withdrawal
Fiat deposit and withdrawal up to $10,000 USD/day
Free airdrops & rewards (when applicable)
Access to the token sale (IEO)
Access to API
These changes will commence on Coinfield from 7:00 PM (CEST), Monday, August 10, 2020.