Status Notice: CoinField is closed and there is no referral code to use. It shut down in 2023, and in January 2025 the Ontario Capital Markets Tribunal permanently banned its operators from Ontario markets and ordered a CAD 2.4 million penalty. Do not sign up anywhere that offers a CoinField code. A registered alternative is NDAX.
CoinField has no working referral program because the platform no longer operates. Any page offering a CoinField promo code in 2026 is either stale or trying to collect your details. The company behind it, Manticore Labs OU of Estonia, was found by Ontario's tribunal to have failed to let Ontario clients withdraw. If you want a referral bonus today, use one of the verified offers on a registered Canadian platform.
- CoinField status: closed in 2023; operators permanently banned from Ontario markets in January 2025
- Not on: the CSA authorized list or, as of my check, the CSA banned list page
- Best registered alternative: NDAX, number 8 in my ranking, or Coinbase at number 1
People still search "CoinField referral" because old affiliate pages from 2019 to 2022 are still indexed. I am keeping this page as a warning and a map: here is what happened, how to check any platform before you sign up, and where to go instead.
What Happened To CoinField?
CoinField was an Estonia-based exchange (Manticore Labs OU, operating as Coinfield) that launched in 2018 and served Canadians. It shut down in 2023, and the exact shutdown date is not published on the sources I used. On January 30, 2025, the Capital Markets Tribunal in Ontario issued its sanctions decision: a permanent market ban on the operators, a CAD 2.4 million administrative penalty, disgorgement of CAD 537,034.46 and costs of CAD 89,538 (Capital Markets Tribunal decision in brief). At the end of 2022 it had at least 1,275 Ontario clients holding about CAD 2.5 million, as Advisor.ca reported on that decision.
| Check | Result |
|---|---|
| Operating in Canada | No, closed in 2023 |
| CSA authorized list | Not listed |
| CSA banned list page | Not listed on the page I checked, so the tribunal decision is the key record |
| FINTRAC registration | Manticore Labs OU (Coinfield): registration M22092923 revoked November 10, 2023; two older registrations ceased in 2021 and 2019 |
| Regulatory outcome | Permanent Ontario market ban and CAD 2.4M penalty, January 30, 2025 |
| Referral program | None that you can use |
Is There A CoinField Referral Code That Still Works?
No. The platform is closed, so no referral or promo code can pay out. Pages that claim otherwise are out of date or are fishing for sign-ups to other services. Never deposit into a platform that is not on the regulator lists, and never pay a fee to "unlock" a bonus or a withdrawal.
How Do You Check Whether A Crypto Platform Is Legit In Canada?
- Check the CSA list. The Canadian Securities Administrators publish a list of crypto platforms authorized to do business with Canadians, and a separate list of banned platforms.
- Check FINTRAC. FINTRAC publishes an open-data registry of money services businesses. A registration alone is not the same as securities registration, but a missing or revoked one is a red flag.
- Read the terms. Many offshore platforms name Canada as a prohibited jurisdiction in their user agreement.
- Test a withdrawal. Deposit a small amount, withdraw it, and only then add more.
Where Can You Go Instead?
The registry picks NDAX as the closest like-for-like replacement for the old CoinField use case: a registered Canadian platform with a wide altcoin list and Interac funding. NDAX charges a flat 0.20% on every buy and sell. See my NDAX review and use my NDAX link. If you want the top-ranked platform, Coinbase is number 1 and Kraken is number 3. I compare all of them in my best crypto exchanges in Canada ranking. Real referral offers are on my bonus links page.
What Should You Do If You Still Have Funds On CoinField?
I could not verify any open withdrawal or claims process, so I will not invent one. The tribunal decision above is the public record. If you believe you are owed funds, contact the Ontario Securities Commission or a lawyer. Keep your account records, because the CRA still expects a history of your trades and the CRA says to keep records for at least six years.
What Should You Look For In A Registered Alternative?
| Platform | Rank | Trading Cost | CAD Funding | Status |
|---|---|---|---|---|
| Coinbase | 1 | Simple buys up to 1.875% plus spread | Interac e-Transfer and EFT free | CSA Restricted Dealer |
| Kraken | 3 | Pro 0.40% maker and 0.80% taker; instant 1% | Interac e-Transfer free deposit | CSA Restricted Dealer |
| Newton | 6 | 1.00% to 1.60% spread by asset | Interac, wire and PAD free | CIRO investment dealer since March 18, 2026 |
| NDAX | 8 | Flat 0.20% on every trade | Interac e-Transfer and wire free | CIRO investment dealer; CSA decision December 19, 2024 |
NDAX's public API lists 77 base assets, so if you came to CoinField for altcoins, the choice is narrower than a global exchange offered. Kraken's list is far larger once Canada restrictions are applied. Decide on whether you want a wide altcoin list or a low flat fee, then check the coin you care about on the platform before depositing. My guide to buying crypto in Canada walks through the steps on a registered platform.
Why Do Referral Pages For Dead Exchanges Still Rank?
Old affiliate pages keep their search rankings long after the product dies, and some are repurposed to send people to other sites. A referral code for a closed exchange cannot pay anything, so any page asking for your email, your ID or a deposit "to claim" it is suspicious. My guide to common crypto scams in Canada lists the patterns. If a platform is gone, treat every message that references it as unsolicited, including a "recovery" offer, which is a standard second-wave scam.
What Changed For CoinField In October 2026?
- Ontario's Capital Markets Tribunal issued sanctions against Manticore Labs OU and its operators, with a permanent market ban and a CAD 2.4 million penalty.
- FINTRAC revoked the money services business registration of Manticore Labs OU, operating as Coinfield.
- CoinField shut down; the exact date is not published in the sources I used.
Frequently Asked Questions
Is CoinField Still Operating In Canada?
No. CoinField shut down in 2023 according to the sources I checked, and Ontario's tribunal sanctioned its operators in January 2025.
Is There A CoinField Referral Code In 2026?
No working one. The platform is closed, so any code you find is out of date or a lure.
Was CoinField Regulated In Canada?
It was not on the CSA authorized list. FINTRAC registered it as a money services business until the registration was revoked on November 10, 2023, but that is not securities registration.
What Penalty Did The Tribunal Impose On CoinField's Operators?
A permanent ban from Ontario markets and an administrative penalty of CAD 2.4 million, with disgorgement and costs also ordered.
What Is A Safe Alternative To CoinField?
NDAX is the closest registered Canadian replacement in my registry check, with a flat 0.20% trading fee. Coinbase and Kraken are the top two registered platforms in my ranking.
How Do I Check If A Crypto Exchange Is Legitimate In Canada?
Look it up on the CSA's authorized and banned lists, check FINTRAC's money services business registry, and read the platform's terms for any prohibited jurisdictions.