CoinTree Review

Cointree is a digital currency exchange that sprung up in Melbourne in 2013 with a belief that these amazing technologies should be made more accessible, and more understandable to the everyday person. Cointree are now here, with 60,000+ members and over $100 million worth of lifelong successful transactions. Cointree platform is designed to educate and excite, providing their users with all the tools to buy, sell and explore the exciting world of digital currency.


Pros

  Easy to use

  Immediate AUD deposit

  Wide selection of cryptocurrencies

  AUSTRAC Registered


Cons

  No Credit Card deposit

  Basic functionality. Advanced trading features not available.

  Long Verification process


Account Registration and Verification Process

Account registration and verification process steps as below

Step I - Visit Cointree Website

Step II - Click on Get Started and fill your details to create an account.

Step III - Verify your Email.

Step IV - Log back in once you verify your email.You will be presented with below dashboard, click on Get Verified.

Step V - Click on Verify now.

Step VI - Once you fill in all the needed details and upload required documents, click on next button at the bottom of the page.

Step VII -Verify your identity as shown below.

Step VIII -That's it, you are done. Wait for call and verification process, this should take between 1 hour to 1 business day. Once your account is verified you should be able to start trading and buy your choice of Cryptocurrency.

Step IX - Under Account > Settings > Security > Enable Two Factor Authentication, here at Cryptoreview we use google authenticator to enable 2FA. Install google authenticator on your ios or android phone.

Step X - Under Account >Settings> Bank Details > Fill in your details for amount to be deposited in your bank. Not necessary in the beginning.

Your account has to be verified before you can start depositing AUD to buy coins. Once your account is verified follow below steps to deposit AUD to your Cointree Account.

Step XI - Click on Make a Deposit.

Step XII - Use one of the method below to deposit AUD.

Step XIII - Select online as a payment method, you can also choose other method as well. .

Step XIV - Once you deposit AUD, go back to dashboard to check your amount.

You are now ready to buy your first cryptocurrency.

Explore Account Verification video.


The Wallet

Check below video on how to operate Cointree wallet


Features

  A wide range of popular coins

  Competitive fees

  Secure


Cointree Fees and Limits

Cointree offers some of the lowest fees in the market, globally. Cointree tiered approach which will suit different levels of investors, the more you trade, the better Reward Tiers you unlock!

Current fees are bronze tier

To unlock each reward tier, you'll only need to meet one of the unlock goals, being either trade volume or referrals in a 30 day period.

Wallets

When sending coins to wallets outside Cointree you will be charged a standard transaction (mining) fee. Please note that the fee will vary per coin based on how busy the network is. The current fee is always shown on the wallet page as you make the transaction.

Deposit AUD

Electronic Fund Transfer no fee

POLi payment deposits have payment processor fee

PayID payment deposits have payment processor fee

Cash payment deposits have payment processor fee

Cryptocurrency Transfer have standard transaction (mining) fee.

Withdrawal Fee

It is free to withdraw AUD from your Cointree account to your Australian bank account

Purchase Limits on Cointree

Internet / mobile banking purchase limit $8,000 per daily limit and $20,000 AUD per weekly limit (actual limits vary per customer)

The minimum purchase amount is $20


Available CryptoCurrency to Buy and Sell

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Is Cointree Safe to Use ?

  Verification process - You'll need to complete a strict verification process before you can start trading on Cointree. This includes providing and verifying your email address and phone number, as well as uploading a photo of your ID, a photo of yourself holding a signed statement and proof of your address. These strict Know Your Customer (KYC) processes help Cointree offer quick transfers and high limits.

  Regulation - Cointree is registered under an Australian Business Number (ABN). It's a member of the Australian Digital Commerce Association and complies with Australia's latest Anti-Money Laundering and Counter-Terrorist Financing laws.

  Safety features - Cointree utilises a 2-factor authentication (2FA) system requiring users to sign off on transactions through their smartphones. This provides an extra layer of security against computer viruses or attempts to hack your account. Cointree also provides a series of tips for users to help keep funds safe.

  Year founded - Cointree was founded in 2013, making it one of Australia's earliest cryptocurrency exchanges.


Final Verdict

If you are in Australia and are wondering whether it may be beneficial for you to use this particular wallet for you cryptocurrency trading, the answer has to be a resounding yes. As an exchange it offers a clear and effective service for beginners while also boasting a lot of advanced features for weathered bitcoin users, including the option to increase miner fees when sending bitcoin and the ability to swap bitcoin for a variety of altcoins.


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