Overview
Cointree.com is an Australian cryptocurrency exchange that allows clients to buy bitcoin and other cryptocurrencies with Australian dollars. Its exchange offers a simple and effective service for newbies while also offering some complicated features for experienced cryptocurrency traders, such as the ability to swap bitcoin for a variety of altcoins.
Cointree places a big emphasis on bitcoin newcomers. Before investing real money, users may test out a sample version of the entire site and experiment with features such as making a mock bitcoin buy.
What exactly is Cointree?
Cointree was established in 2013 and is headquartered in Melbourne. It now has over 80,000 user accounts trading in over 260 cryptocurrencies, with over $250 million transacted to date.
Is Cointree secure?
Cointree uses 2-step verification, encrypted SSL, a hot/cold wallet system, a secure server, and a closed network environment to protect transactions and users’ personal information.
Cointree Pty Ltd (ACN 167 203 303) is regulated by AUSTRAC and is subject to Australian anti-money laundering (AML) and Know Your Customer (KYC) rules (KYC).
What kind of services does Cointree provide?
I’ve gone through Cointree’s services in depth so you can determine if it’s the correct exchange for you.
Beginner-friendly platform: Cointree has unquestionably achieved its objective of making cryptocurrencies accessible to anyone. The platform is straightforward and uncomplicated, making it appealing to people who are new to the industry. There is also a Learning Hub to help you get started in the world of cryptocurrency.
Buy cryptocurrency quickly with AUD: Cointree allows you to buy cryptocurrency with Australian dollars, which is ideal for Aussies. There is no need to waste time and money converting to USD before purchasing the coins you desire.
Over 260+ supported cryptocurrencies: Although Cointree is aimed for newcomers to the cryptocurrency industry, there is still a diverse selection of over 260+ coins available for purchase. All of the main currencies that you are searching for, such as BTC, ETH, ADA, LTC, and BCH, will be accessible, as well as a plethora of others that you may choose to invest in.
Cointree has around 260 tradeable coins, including the following popular ones:
Bitcoin (BTC exchange)
Ethereum (ETH exchange)
Litecoin (LTC)
Ripple (XRP)
Bitcoin Cash (BCH)
EOS (EOS)
Cardano (ADA)
Stellar (XLM)
Bitcoin SV (BSV)
Binance (BNB)
Dogecoin (DOGE)
Pay bills with bitcoin: Cointree is paving the path for more cryptocurrency adoption by allowing you to pay bills directly with your cryptocurrency. This is a major step forward for the business since it makes using cryptocurrency for regular costs more popular.
On Cointree, it’s simple to pay bills with cryptocurrency. Simply logon into your app and go to the Buy / Sell / Trade page, then hit the ‘Pay Bill’ link. You input the biller code, reference number, and bill amount, and then select which currency to pay with. It’s incredibly convenient since you don’t have to convert your crypto back to AUD and withdraw it to your bank account to pay your expenses.
Recurring purchases: Cointree allows for recurring purchases. This allows you to set up a regular bank deposit and immediately acquire Bitcoin at the market rate as soon as the money hit your Cointree account, without having to check in. Because you are buying little sums over a long period of time, this is a smart approach to average out the cost of your Bitcoin investment.
Fees
For both purchasing and selling bitcoin, Cointree features a tiered fee structure that ranges from 0.5 percent to 0.9 percent of the transaction value. The more you trade, the higher your tier will be and the lesser your costs will be. To reach the top tier (Diamond) and lowest charge (0.5 percent), you would need to trade AUD1 million in 30 days, thus novices will start at 0.9 percent.
Coin-to-coin transactions (rather than AUD-to-coin or coin-to-AUD transactions) have a reduced cost, ranging from 0.05 percent to 0.25 percent.
However, these trading costs are not the cheapest in Australia for newbies looking to make their first cryptocurrency trade.
Cointree does not charge a fee to make a AUD or cryptocurrency deposit to begin trading, nor does it charge a fee to withdraw AUD. Depending on the coin involved, there may be a cost for a cryptocurrency withdrawal. Depending on the method (e.g., online banking, POLi, PayID), you may additionally be charged third-party fees for your deposit.
Verdict
Cointree is a wonderful option for novice investors seeking for an easy way to purchase Bitcoin and other cryptocurrencies. It is simple to use and offers over 160+ coins that can be purchased with AUD.
