Cointree is a well-known digital currency marketplace in Australia founded in 2013. marketplace in Australia founded in 2013. The exchange allows users to buy Bitcoin and other digital assets using fiat currencies. With a rich product portfolio, simple user interface, and quick signing up process, the crypto exchange has the edge over other crypto exchanges available around. However, the company’s trading costs seem a bit expensive compared to average market standards. In this piece, we review the crypto exchange thoroughly.
Before diving into more details, let us quickly enlist a few pros and cons of the crypto exchange along with a bit of explanation to help you understand them better.
Cointree operates under the regulations of AUSTRAC – Australia’s financial regulator. The company is also compliant with the Financing of Terrorism (CFT) & Anti-Money Laundering (AML) rules and guidelines.
Cointree serves clients through its head office based in Melbourne, Australia. However, the company anticipates increasing its global presence soon.
|Ireland||New Zealand||Singapore||Spain||United Kingdom|
|Yemen||Wallis and Futuna Islands||Virgin Islands, U.S.||Virgin Islands, British||Afghanistan|
|Zimbabwe||Zambia||Uruguay||United States Minor Outlying Islands||United States|
|United Arab Emirates||Ukraine||Vietnam||Venezuela||Vanuatu|
|Timor-Leste||Tanzania, United Republic of||Tajikistan||Taiwan, Province of China||Syrian Arab Republic|
|Turks and Caicos Islands||Turkmenistan||Trinidad and Tobago||Tokelau||Togo|
|Thailand||Switzerland||Sudan||Sri Lanka||South Sudan|
|South Africa||Slovakia||Sierra Leone||Seychelles||Serbia|
|Senegal||Saudi Arabia||Sao Tome and Principe||San Marino||Samoa|
|Saint Vincent and the Grenadines||Saint Pierre and Miquelon||Saint Lucia||Somalia||Sweden|
|Swaziland||Svalbard and Jan Mayen||Suriname||Solomon Islands||Slovenia|
|Saint Kitts and Nevis||Saint Helena, Ascension and Tristan da Cunha||Saint Barthélemy||Réunion||Qatar|
|Oman||Norway||Peru||Paraguay||Papua New Guinea|
|Panama||Palestinian Territory, Occupied||Norfolk Island||Niue||Nigeria|
|Montserrat||Montenegro||Mongolia||Monaco||Moldova, Republic of|
|Malawi||Madagascar||Republic of North Macedonia||Macao||Lithuania|
|Lebanon||Latvia||Lao People’s Democratic Republic||Kyrgyzstan||Kuwait|
|Korea||Kiribati||Italy||Israel||Isle of Man|
|Iraq||Islamic Republic of Iran||Indonesia||India||Iceland|
|French Southern Territories||French Polynesia||French Guiana||Finland||Fiji|
|Faroe Islands||Federated States of Micronesia||Dominica||Djibouti||Czech Republic|
|Cyprus||Curacao||Cuba||Croatia||Falkland Islands (Malvinas)|
|Ethiopia||Estonia||Eritrea||Equatorial Guinea||El Salvador|
|Egypt||Ecuador||Dominican Republic||Costa Rica||Cook Islands|
|Democratic Republic of the Congo||Congo||Cayman Islands||Cape Verde||Cameroon|
|Cambodia||Burundi||Burkina Faso||Bulgaria||Brunei Darussalam|
|Comoros||Colombia||Cocos Islands||Christmas Island||China|
|Chile||Chad||Central African Republic||British Indian Ocean Territory||Brazil|
|Botswana||Bosnia and Herzegovina||Bonaire||Bolivia||Bhutan|
|Antigua and Barbuda||Antarctica||Anguilla||Angola||Barbados|
|Zilliqa – ZIL||Bitcoin – BTC)||Ethereum – ETH||Binance Coin – BNB||Tether USD – USDT|
|Solana – SOL||Cardano – ADA||USD Coin – USDC||Ripple – XRP||Polkadot – DOT|
|Dogecoin – DOGE||Avalanche – AVAX||Terra – LUNA||Matic Network – MATIC||Wrapped Bitcoin – WBTC|
|Litecoin – LTC||Uniswap – UNI||Tronix – TRX||Algorand – ALGO||ChainLink – LINK|
|Bitcoin Cash – BCH||Stellar – XLM||NEAR Protocol – NEAR||Axie Infinity – AXS||Decentraland – MANA|
|Cosmos – ATOM||FTX Token – FTT||Elrond – EGLD||VeChain – VET||Filecoin – FIL|
|Internet Computer – ICP||Ether Classic – ETC||Sandbox – SAND||Theta – THETA||Tezos – XTZ|
|Hedera Hashgraph – HBAR||Fantom – FTM||EOS – EOS||PancakeSwap – CAKE||The Graph – GRT|
|Helium – HNT||IOTA – MIOTA||Loopring – LRC||Stacks – STX||Kusama – KSM|
|Maker – MKR||Aave – AAVE|
|Quant – QNT||Harmony – ONE||Enjin Coin – ENJ||NEO – NEO|
|Waves – WAVES||Chiliz – CHZ||THORChain – RUNE||Basic Attention Token – BAT||Curve DAO Token – CRV|
|Dash – DASH||Celo – CELO||Arweave- AR||Compound – COMP||NEM – XEM|
|IoTeX – IOTX||Theta Fuel – TFUEL||1inch – 1INCH||Decred – DCR||OmiseGo – OMG|
|Qtum – QTUM||Voyager Token – VGX||WAX – WAXP||0x – ZRX||AdEx – ADX|
|aelf – ELF||Aion – AION||Alien Worlds – TLM||Alpha Finance Lab – ALPHA||Ankr – ANKR|
|Aragon – ANT||Ardor – ARDR||Ark – ARK||Audius – AUDIO||Augur v2 – REP|
|Badger DAO – BADGER||Balancer – BAL||Bancor – BNT||Band Protocol – BAND||Bitcoin Gold – BTG|
|Bitcoin Standard Hashrate Token – BTCST||BitShares – BTS||Cartesi – CTSI||Celer Network – CELR||Cindicator – CND|
|Civic – CVC||Conflux Network – CFX||Coti Coin – COTI||DigiByte – DGB||district0x – DNT|
|Fetch – FET||FunFair – FUN||GAS – GAS||Gifto – GTO||GoChain – GO|
|Golem Network Token – GLM||Hive – HIVE||Horizen – ZEN||ICON – ICX||iExec – RLC|
|Illuvium – ILV||Injective Protocol – INJ||IOSToken – IOST||Kava – KAVA||Komodo – KMD|
|Kyber Network – KNC||Linear – LINA||Lisk – LSK||Metal – MTL||Mirror Protocol – MIR|
|Mithril – MITH||Nano – NANO||Nebulas – NAS||Nexus – NXS||NKN – NKN|
|Nuls – NULS||Numeraire – NMR||NXT – NXT||Ocean Protocol – OCEAN||Ontology – ONT|
|Ontology Gas – ONG||Origin Protocol – OGN||Orion Protocol – ORN||Perpetual Protocol – PERP||Phala Network – PHA|
|PIVX – PIVX||Polymath – POLY||Power Ledger – POWR||QLC Chain – QLC||Quantstamp – QSP|
|QuarkChain – QKC||QuickSwap – QUICK||Raiden Network – RDN||Ravencoin – RVN||Reef – REEF|
|Ren – REN||Request Network – REQ||Reserve Rights – RSR||Secret – SCRT||Serum – SRM|
|Siacoin – SC||SingularityNET – AGIX||SKALE Network – SKL||Status – SNT||Steem – STEEM|
|Storj – STORJ||StormX – STMX||STRAX Token – STRAX||Streamr DATAcoin – DATA||Superfarm – SUPER|
|ushiSwap – SUSHI||Swipe – SXP||Synthetix – SNX||Syscoin – SYS||Tael – WABI|
|TomoChain – TOMO||Travala.com – AVA||UMA – UMA||Venus – XVS||Verge – XVG|
|Waltonchain – WTC||Wanchain – WAN||WazirX – WRX||Wrapped Nexus Mutual – WNXM||yearn.finance – YFI|
Cointree employs a tier-based fee structure. The company charges a flat fee between 0.5% to 0.9% of the transaction amount on buying or selling cryptocurrency. Trading high volume increases your tier and lowers your trading fees. You can visit the exchange’s fee page using this link for more details.
|Tier(s)||Sell/Buy Fees||Crypto-Crypto Trading||Trading Volume Required Per Month (30 days)|
Although, beginners need to pay a relatively high fee of up to 0.9%. However, they can reduce the trading cost to 0.5% by trading 1 million Australian Dollars (AUD) in 30 days, unlocking the highest tier (Diamond). Also, transaction fees are lower for coin-to-coin transactions (i-e 0.25% to 0.05%). Please note that the exchange’s trading fees are not the lowest for newcomers looking to trade cryptocurrencies in Australia.
Cointree offers an easy-to-use trading interface with a few options to explore. For instance, after signing into your account, you can see three buttons located on your dashboard’s navigation panel, including Dashboard, Buy/Sell/Trade, and Wallet.
Dashboard: On the dashboard screen, you can find the current status of your account. It also allows you to see your asset portfolio listing all your coins. On the right-hand side, you can find details of your transactions. There is a tutorial video on the top-right corner of the dashboard, helping clients understand how to add funds to their accounts conveniently.
Buy/Sell/Trade: Clicking the buy/sell tab takes you to the trading terminal, where you can buy or sell your crypto assets against Australian Dollars (AUD). All you need is to enter the amount you wish to buy or sell and select your desired coin from the drop-down menu listing more than 170 cryptocurrencies. Not to mention, you can also choose to execute your trades on the market price or quoted price.
You can also settle your bills using Cointree’s innovative PayBill service in the same tab. The exchange makes it easy for crypto enthusiasts to pay their bills using cryptocurrencies with this feature.
Wallet: The wallet option allows you to access your stored cryptocurrencies. Besides sending and receiving cryptocurrencies, you can also use the wallet to deposit funds to their accounts. Moreover, a recurring purchase option automatically allows clients to buy their favorite crypto assets at regular intervals. Clients even don’t need to log in after setting up this facility. The purchase occurs automatically according to your defined criteria on market rates. Essentially, it’s an effective method to average out your crypto investment cost.
Opening an account with Cointree is easier than you might have perceived it. Just follow the listed steps to sign up for the exchange.
Please note that the exchange is strictly compliant with CFT and AML guidelines. Therefore, you need to verify your identity before even accessing your dashboard.
Like the account opening process, buying cryptos with Cointree on the desktop is also pretty simple. You can follow the listed below steps to buy your desired cryptocurrencies from the exchange.
1) Access the dashboard using your account’s login credentials.
2) Click the Buy/Sell/Trade button on the navigation panel and open the “Buy Coin” tab.
3) Choose the execution type; i.e market or quoted price.
4) Enter the amount of AUD you wish to spend to buy your desired coin. Your purchase amount should not exceed your total available balance.
5) Click on the “select the coin to buy” button to search your desired cryptocurrency from the list of available digital assets. You can also add notes in the specified field to help you remember what instigated you to buy the coin or anything you wish to recall later.
6) Review your purchase summary to confirm the transaction details.
7) After successful payment authorization, you will receive a message confirming the purchase’s completion.
Cointree doesn’t state deposits and withdrawal fees clearly. Instead, it cautions clients to check with their banks or card issuers for transaction fees while making deposits. We tried to add some funds personally due to conflicting information on different reviewers’ platforms concerning Cointree deposits and withdrawal fees. Let us share with you as well.
The crypto exchange offers multiple methods for clients to fund their accounts, including bank transfers, PayID, credit/debit cards, and cryptocurrencies.
While there are no charges on deposits made via bank transfers, the minimum deposit amount should not be less than $20. Clients using the PayID service to add funds to their accounts need to deposit a minimum of $25 and expect a charge of $1.25 on their transaction. The minimum amount for cash deposit must be $50 at least, and a 3% transaction fee is applied. However, clients can have their accounts funded free of cost using crypto transfers. Please consult the table below for more details.
|Payment Method(s)||Minimum Deposit Per Day||Maximum Deposit Per Day||Transaction Fees|
As far as the withdrawal fee is concerned, the company does not charge any fees on electronic transfers. However, the crypto network fee is still applicable to the withdrawals processed via crypto transfers.
Cointree offers rich educational resources for clients to help them learn and grow. Starting from how-to guides to detailed articles, the company covers various topics on crypto in detail. The crypto exchange has divided content into three categories: basic, intermediate, and advanced. The learner series focuses on educating clients on the basics of crypto space, helping them learn different jargon and differentiate between bitcoins and altcoins. On the other hand, intermediate and advanced sections offer dedicated material for skilled traders to polish their skills and familiarize themselves with the latest market trends. Clients can explore the educational hub by clicking the learning tab available on Cointree’s homepage.
Cointree’s seems well committed to offering seamless customer services to its clients. The multilingual customer support staff remains on toes, offering fast resolution to clients’ queries and concerns across all the channels, including telephone, live chat, and email. The company also has a dedicated FAQ section. Clients can also seek answers to their questions using the bot services available under the support desk section on Cointree’s official website. Please note that you can only connect with a customer service representative during office hours. After that, you can leave a message, and the company gets back to you as soon as possible.
Cointree has been doing a lot of work in the background to improve its customer experience, including rolling out a streamlined verification process. It’s all automated and provided you have the right ID documents, you can be verified and ready to trade in less than five minutes.
Cointree also reports having increased its Australian support team, offering support for all customers, from individuals to trusts. This is available via live chat, its support portal, and even via phone.
Since the cryptocurrency exchange mainly focuses on facilitating clients residing in Australia, people from other origins know little about the company’s existence. We also struggled to find much information about Cointree on Reddit. However, we came across several posts where members sought other opinions concerning their experience with the exchange. While some clients seemed less interested in signing up with the company due to their expensive fee structure, some members expressed their satisfaction with the security levels it maintains.
While sharing his experience, a Reddit member explained that the crypto exchange has a lengthy procedure for KYC requirements. If you can hold up and remain patient until your identity is verified, the crypto exchange is good to go. However, if you don’t want to hook up for quite a long, then looking for other options might help.
Quora is one of the most popular social interaction platforms where people from different regions and ethnic groups, races, and geographies share their experiences and seek other opinions. We tried hard to find relevant posts for reading people’s views on Cointree. However, not more than a handful of threads were available. People liked the crypto exchange’s Pay Bill feature the most. Since Cointree is one of the few crypto exchanges that allow clients to pay their bills using cryptocurrencies, many clients prefer signing up with this exchange only for the said service.
However, according to some members, the crypto exchange allows traders to buy their desired coins using local currency (AUD) without needing to worry about currency conversion make it an excellent choice for locals residing in the country or nationals living abroad.
Yes, Cointree is undeniably a safe exchange for trading cryptocurrencies. It is AUSTRAC registered and meets all AML/KYC requirements. Cointree was also one of the finalist exchanges competing for the Australian Blockchain Industry Awards in the best digital currency exchange category in 2019.
Not to mention, the crypto exchange takes security seriously and employs advanced security protocols to safeguard your assets and data. Its security features include the hot/cold wallet system, 2FA authentication, encrypted SSL (HTTPS) traffic, closed network environments, and secure servers.
While it’s not always easy to compare two competitive crypto exchanges side by side, we strive to bring factual information to help you decide which of the two trading platforms suites you the best. Let’s quickly present some of the key facts below for crypto exchanges – Cointree and eToro.
Cointree is one of the pioneer crypto exchanges that lets users buy bitcoin and other cryptocurrencies with Australian dollars. Besides being user-friendly for beginners, it also offers advanced features for seasoned cryptocurrency traders, such as trading bitcoin for various altcoins. The exchange has a clientele base of over 80,000 members trading more than 160 cryptocurrencies and has undergone a trading volume of above $250 million to date.
With over 17 million registered users in over 100 countries, including the United States, eToro commenced business in 2007. eToro’s is considered the world’s leading social trading platform enabling clients to generate a source of passive income by replicating trades of other professional traders. Moreover, eToro tools have been adapted by various retail and institutional clients worldwide for crypto trading. While exchanging CFDs and stocks is available to non-US customers, US clients can access different features on eToro.
Trading fees is one of the most crucial factors to consider while opening an account with any exchange.
Cointree claims to have some of the lowest trading fees worldwide. However, we don’t second their claim in this regard. The company’s trading fees vary by account type. While bronze tier accounts have a 0.25% coin-to-coin trading fee, a 0.05% coin-to-coin trading fee is charged from Diamond account holders. The crypto exchange also applies deposit fees on different payment methods, such as PayID, cash, POLi payments, etc.
While eToro employs a variable spread charging mechanism, trading fees on the exchange also vary by account type and location. The company charges a spread of up to 3.5% on less common cryptocurrencies compared to a 2% spread of frequently traded crypto assets.
Not to mention, US clients pay 0.75-5.0 per cent fee on trading while the Non-U.S. customers trading stocks pay no commissions. Customers from other countries buying assets in the US also pay a currency conversion fee.
As far as the product portfolio is concerned, crypto enthusiasts might cast their votes in favor of Cointree. That’s because Cointree allows you to trade more than 150 cryptocurrencies. However, clients looking to explore other financial instruments, like forex, indices, stocks, and commodities, might prefer to look for an alternative exchange.
On the other hand, eToro provides access to a wide range of tradable assets across all major classes, including forex, indices, shares, commodities, ETFs, and cryptocurrencies. Copy trading is yet another commendable feature of eToro that might instigate clients to sign up with eToro instead of Cointree.
Unlike most crypto exchanges, Cointree doesn’t offer a full-fledged trading platform. Instead, clients can buy and sell cryptocurrencies using the company’s web terminal. Although the exchange’s user interface is pretty simple and has most of the basic features available, it lacks advanced trading options that could become a source of inconvenience for veteran traders.
Unlike cointree, eToro provides access to its customized trading interface and allows clients to access the most popular trading platforms, i-e, MT4/MT5, for trading cryptos and other financial instruments. Moreover, eToro’s intuitive trading interface walks you through the rest of the options, making it extremely easy for clients new to the crypto space.
Despite offering customer support in multiple languages, Cointree takes a little longer to respond since its customer support staff is only accessible during office hours. Clients can contact the company over the phone or through email. The exchange also offers live chat support to help clients in real-time and provides a dedicated FAQs section where clients can conveniently help themselves find a resolution to their issues.
Customers can expect basic level customer support from eToro. The eToro FAQs provide detailed information on clients’ immediate trading needs. Clients may not be able to call the company’s staff. However, personal support is available to eToro’s club members only.
Cointree offers simple and effective crypto trading solutions for all customers, primarily Australians. Besides being easy for newcomers, the exchange offers more complex features for seasoned cryptocurrency users. Although the exchanges fees aren’t the lowest in Australia, they’re still competitive. BillPay feature is likely to appeal to clients wishing to use cryptocurrency other than investment purposes. However, the exchange should consider expanding its services to more regions and accepting more fiat deposits besides the Australian Dollars (AUD). Not to mention, a mobile trading app is deemed to be the backbone of a crypto trading platform. Hence the exchange should devote serious consideration to developing a customizable mobile app for on-the-go traders.
Unfortunately, the crypto exchange doesn’t accept clients from the United States.
Yes, it’s a legit exchange for sure. Besides holding regulations from AUSTRAC, the company is also compliant with CFT and AML guidelines.
Yes, it does. However, clients can only fund their accounts using Australian Dollars (AUD). Since its inception, the exchange has not been accepting fiat deposits in any other currency.
Not, it doesn’t. However, clients can access the company’s webpage on their iOS and Android-supported mobile phones.
While crypto trading involves speculating on the price movements of underlying digital assets to make profits, crypto mining is the process of verifying crypto transactions and adding them to the blockchain ledgers, and receiving rewards in turn.
No, the customer support staff remains available during office hours only (Mon-Fri 8:00 AM to 5:00 PM Melbourne time (AEST/AEDT).
The exchange is pretty fast to process deposits and withdrawals. Please note that deposits done via wire transfers may take between 3 – 7 working days to arrive in your account.