CoinField does not run a credit check, as our purpose is only regarding Identity verification.
Concerning our verification procedure, we verify the identity of each user through our partnership with Equifax.
The above said means our check on the client's file is mainly information and considered a SOFT inquiry. Noted that our verification procedure is a verification that does not generate any harm to your credit file or score and these type of queries are masked to any other creditor who will access the consumer (clients') report.
The previous is not only mentioned on our user agreement but also is reminded again to all users at the time of registration which must checkmark the box to authorize the verification to proceed.
According to Equifax:¹
"If the Consumers sign up for an Equifax account monitoring service, they will be notified whenever an inquires are done. As CoinField inquiries are SOFT, they do not affect clients whatsoever, and the same is being masked to any other creditor who will access the consumer report. Besides, any inquiry is purged after three years."
¹ For any inquires or concerns about your Credit File, please contact Equifax to better investigate at 1-877-323-2598.