This Australian crypto exchange offers a user-friendly interface and access to more than 100 leading digital currencies.
Cointree is a Melbourne-based cryptocurrency exchange that aims to provide users with a simple and secure crypto trading experience. Established in 2013, Cointree underwent a rebranding and launched a new trading platform in June 2018. The new platform offers the opportunity to buy and sell 100+ cryptocurrencies, plus also includes a Learning Centre designed to educate novice crypto enthusiasts.
Let's take a closer look at what the revamped Cointree exchange has to offer so you can make an informed decision about whether or not it's the right digital currency trading platform for you.
|Product Name||Cointree Cryptocurrency Exchange|
|Cryptocurrencies||BTC, ETH, BCH, EOS, ZRX, AE, AION, REP, DGD, ICX, IOST, OMG, PPT, SNT, TRX, VET, ZIL, &21 more|
Electronic Funds Transfer
|Deposit Fees||Fees vary|
What is Cointree?
Cointree is a registered digital currency exchange with AUSTRAC. It was founded in 2013, and lets users buy and sell Bitcoin (BTC) and 100+ other cryptocurrencies using Australian dollars (AUD), pay bills with cryptocurrency, and exchange a wide range of coins. It supports several different AUD deposit and payment methods, and caters heavily to new and casual traders with an emphasis on easy sign-up and a simple interface.
Cointree also offers a built-in wallet for a wide range of cryptocurrencies, rather than you needing to use your own private wallet, and has introduced a portfolio tracking feature to make it easier to track the performance of your crypto holdings. An online Learning Hub also provides information and advice for crypto newcomers.
Which cryptocurrencies can I buy/sell?
Cointree allows you to trade 100+ cryptocurrencies, including:
- 0x (ZRX)
- Aeternity (AE)
- Aion (AION)
- Augur (REP)
- Bitcoin (BTC)
- Bitcoin Cash (BCH)
- DigixDAO (DGD)
- EOS (EOS)
- Ethereum (ETH)
- Cardano (ADA)
- Dash (DASH)
- Ethereum Classic (ETC)
- Litecoin (LTC)
- ICON (ICX)
- IOSToken (IOST)
- OmiseGO (OMG)
- Populous (PPT)
- Status (SNT)
- Tronix (TRX)
- VeChain (VEN)
- Zilliqa (ZIL)
- Zcash (ZEC)
- Monero (XMR)
- Nem (XEM)
- Neo (NEO)
- Lisk (LSK)
- Decred (DCR)
- Siacoin (SC)
- Steem (STEEM)
- Golem (GNT)
- DigiByte (DGB)
- Basic Attention Token (BAT)
- Komodo (KMT)
- Bitcoin Gold (BTG)
- Ontology (ONT)
- Qtum (QTUM)
- Ripple (XRP)
Cointree is available to anyone worldwide who is 18 years of age or older.
Which payment methods are accepted?
Cointree users can pay with the following deposit methods:
- Cash deposits at 1,200+ newsagents around Australia
- Electronic Funds Transfer (EFT)
- POLi Payments
- Cryptocurrency deposits
How much will it cost me to use Cointree?
Cointree has tiered trading fees, and users move up the ladder by either hitting certain trade volumes, or referring a certain number of people to Cointree per 30 day period. Certain payment methods will also incur fees.
|Tiers||Buy/sell fee||Crypto to crypto trading fee||How to unlock (per 30 days)|
|Silver||0.8%||0.20%||$10,000 trade volume or 2 referals|
|Gold||0.7%||0.15%||$50,000 trade volume or 10 referals|
|Platinum||0.6%||0.10%||$200,000 trade volume or 25 referals|
|Diamond||0.5%||0.05%||$1,000,000 trade volume or 50 referals|
|Electronic funds transfer (EFT)||None||$20 minimum, $10,000 per 24 hours maximum|
|POLipay||$3.50||$25 minimum, $10,000 per 24 hours maximum|
|PayID||$2.75||$25 minimum, $2,000 per 24 hours maximum|
|Cash payment||$3||$50 minimum, $8,000 per transaction maximum|
|Fiat withdrawal to Australian bank account||None|
|Cryptocurrency withdrawal||Network fees|
How fast will my funds be available?
How long it takes to receive your purchased cryptocurrency depends on the payment method.
|Payment method||How long before funds are available|
|POLi Payments||1-2 days|
|Online banking||1-2 days|
Are there any transaction limits?
The minimum amount of bitcoin you can purchase with Cointree is $20. Upper transaction limits vary between accounts and purchase options, so log in to your Cointree account for full details of any restrictions that apply.
When selling bitcoin, the minimum limit is once again $20. You can sell up to $50,000 of bitcoin per day, with a maximum of $10,000 per transaction.
Is it safe to use Cointree?
Cointree implements a number of protective measures to increase the security of your funds:
- A hot/cold wallet system
- 2-factor authentication on all fiat and cryptocurrency withdrawals
- All Cointree website traffic runs over encrypted SSL
- All user passwords are hashed and salted in the database
- All Cointree employees are required to pass a criminal background check before being hired
- ID and bank account verification required
CoinTree offers two main options for support. The first is an expansive FAQ section which seeks to address a wide variety of common questions traders may have. The second is the option to submit a support ticket if you require further assistance.
Pros and cons
- Good platform for novices. Simple signup and interface for ease of use.
- Proof of solvency. Verification that your bitcoins are genuine.
- Learning Hub. Large selection of resources to help you learn more about cryptocurrency trading.
- Bill pay. You can pay your bills with cryptocurrency via CoinTree
- 100+ digital currencies supported. Cointree allows you to trade a host of popular cryptocurrencies.
- Basic functionality. Advanced trading features not available.
Compare Cointree with a variety of other crypto exchanges to decide whether or not it's the right fit for your needs. If you'd like to sign up for an account, you can begin the registration process on the Cointree website. You'll need to provide your email address and create a password, and then verify your bank account and ID.
Don't forget to also enable 2-factor authentication on your account before you deposit any funds and start trading.