Cointree Review 2022: Features, Limits and Fees

    Updated: Oct 3rd, 2022
    Kevin Groves
    Kevin Groves
    Cointree Review 2022: Features, Limits and Fees

    Cointree is an Australian crypto exchange that allows individuals to obtain Bitcoin and other coins using local currency. The exchange is well known and is widely regarded as a top crypto exchange in Australia. In this review, we will provide an overview of the exchange, its features, user interface and trading fees. Our methodology includes creating an account, depositing AUD, buying crypto and withdrawing to a hardware wallet to experience the features of the Cointree platform.

    Trading Fees:0.5% - 0.9%
    Promotion:$10 bonus after first trade

    Cointree is a well-established cryptocurrency exchange that is based in Australia and provides an easy, fast and safe service to purchase over 160 digital currencies. The platform allows users to deposit AUD and convert into digital assets such as Bitcoin, Ethereum and other altcoins in Australia. Cointree has over 80,000 registered users and is AUSTRAC regulated.

    Ease of useStarStarStarEmpty StarEmpty Star
    ReputationStarStarStarEmpty StarEmpty Star
    Deposit methodsStarStarStarStarEmpty Star
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    This post contains affiliate links with our partners who may compensate us. Read our disclaimer for further information.

    Cointree Overview

    Cointree is a long-standing crypto exchange that has been a mainstay in the Australian community. It is a well-established and AUSTRAC regulated cryptocurrency exchange that is based in Melbourne, Australia. Since its inception in the market, Cointree has amassed over 80,000 registered users and broadened its products and services far beyond buying and selling crypto.

    With that said, there are over 160 digital currencies to buy and sell such as Bitcoin, Ethereum and Dogecoin. This makes Cointree well-suited to beginners that want to safely and quickly convert AUD to crypto. Featuring a user-friendly interface, competitive fees between 0.5% to 0.9% and support for SMSF investors, Cointree is a great crypto exchange for Australians.

    Some of the best features on Cointree are:

    • Simple and beginner-friendly exchange in Australia
    • Supports the major cryptocurrency assets
    • Competitive trading fees
    • Allows dollar cost averaging to build positions over time
    • SMSF investors can use the platform
    • 3.5 star rating based on 339 reviews
    Exchange NameCointree
    Fiat CurrencyAustralian Dollars only
    Payment TypePOLI, PayID, Bank transfer, Cash Deposit, Crypto
    Trading Fee0.5%- 0.9% per trade
    AUD Deposit FeePOLI: $3.50, PayID: $2.75, Cash Deposit: $3
    AUD Withdrawal FeeNone
    Mobile AppNo

    Our Cointree Review - Quick Verdict

    Cointree is a simple-to-use cryptocurrency exchange that has a great selection of digital assets to invest in. The fees are very competitive in the market and range between 0.5% to 0.9% making it a great value for first-time investors. The disadvantage of using Cointree is the lack of features such as earning interest, staking, or margin trading which may disappoint serious crypto traders. Moreover, there does not appear to be a mobile app that is essential for 24/7 trading and monitoring a portfolio.

    Visit the Cointree website

    Pros & Cons

    Cointree is a great option for individuals that reside in Australia to buy, trade and sell crypto. There are several factors that need to be weighed up before using the exchange. Based on our assessment of the platform, these are the pros and cons of using Cointree we have identified.

    Cointree Pros:
    • AUSTRAC licenced exchange in Australia
    • Beginner-friendly user interface for newer investors
    • Reasonable selection of coins to choose from
    • Fees are competitive in the Australian market
    • Support for SMSF investors
    Cointree Cons:
    • Not suitable for experienced or professional traders
    • Not the cheapest exchange in Australia for high net worth investors
    • No mobile trading app

    Is Cointree Legit?

    Cointree appears to be a legitimate cryptocurrency exchange that is AUSTRAC regulated. The exchange is bound to strict compliance with Australian laws and regulations such as AML/KYC to limit the risk of fraudulent activity. Since its launch in 2013, Cointree has helped thousands of beginners, intermediate traders and high net-worth investors to get started with digital assets such as Bitcoin, Ethereum and many others.

    Best Features & Services

    Cointree is focused on allowing residents in Australia to buy and sell crypto. The platform offers attractive features such as:

    • Intuitive and easy-to-use trading platform suited to beginners and intermediate traders
    • Instant and easy trading of over 160+ cryptocurrencies
    • Real-time market data and charting to trade popular altcoins
    • OTC desk for high net worth individuals
    • Support for SMSF investors to invest in digital currency
    • A secure wallet that stores a portion of funds in offline cold wallets to protect users funds
    • Learning Hub with educational guides to help people get started

    Cointree Compared

    Bank transfer is one of the most popular methods to deposit AUD on Cointree. This comparison table lists other popular Australian cryptocurrency exchanges like Cointree that allow its users to buy Bitcoin with a bank transfer.

    ExchangeCrypto AssetsTrading FeesRatingPromotionWebsiteReview


    RatingOur ratings take into account the ease of use, fees, deposit methods along with the exchange's reputation. All ratings are determined solely by our editorial team.
    StarStarStarStarEmpty Star
    $20 Bitcoin for creating a verified accountVisit SwyftxSwyftx Review
    CoinSpot Logo


    RatingOur ratings take into account the ease of use, fees, deposit methods along with the exchange's reputation. All ratings are determined solely by our editorial team.
    StarStarStarStarEmpty Star
    None available at this timeVisit CoinSpotCoinSpot Review
    Digital Surge Logo

    Digital Surge

    RatingOur ratings take into account the ease of use, fees, deposit methods along with the exchange's reputation. All ratings are determined solely by our editorial team.
    StarStarStarStarEmpty Star
    $10 Bitcoin for creating a verified accountVisit Digital SurgeDigital Surge Review
    FTX Australia

    FTX Australia

    3250.02% / 0.07%
    RatingOur ratings take into account the ease of use, fees, deposit methods along with the exchange's reputation. All ratings are determined solely by our editorial team.
    StarStarStarStarEmpty Star
    5% off trading feesVisit FTX AustraliaFTX Australia Review


    1600.5% - 0.9%
    RatingOur ratings take into account the ease of use, fees, deposit methods along with the exchange's reputation. All ratings are determined solely by our editorial team.
    StarStarStarStarEmpty Star
    $10 bonus after first tradeVisit CoinTreeCoinTree Review

    Is Cointree Safe?

    Cointree appears to be a safe crypto exchange with several security measures to protect its user's personal information and keep their funds secure. These measures include SSL certification, two-factor authentication, wallet and personal information encryption. There have also been no reported hacks of theft of funds on Cointree since the cryptocurrency exchange was established.

    Getting Started

    To create an account with Cointree, users will need to go through a registration process to create a trading account. Cointree exchange will prompt for an email address. Verification of the email address completes the basic account creation process to login to the Cointree dashboard and explore the exchange features.

    ID Verification Requirements

    Cointree users are required to verify their accounts to minimize fraud in accordance with regulations. Creating a basic account with the cryptocurrency exchange allows the individual to explore the platform's features, however, will not be able to perform any actions such as depositing funds or use the buy/sell platform. Full verification is required to cash out of Bitcoin into AUD.

    The time to complete the full identity verification process can take up to 1-2 business days. We suggest the user's ensure the information provided is up to date as this can result in delays in processing the application, as was our experience. By comparison, the verification process does take time and brokerage platforms such as Swyftx are quicker to create an account and start trading with email verification only.

    Verification LevelInformation RequiredAccount Features
    0Email address onlyExplore platform only with restricted functionality
    1Proof of IdentityCan buy, transfer and pay with crypto
    2Bank Account VerificationCan sell Bitcoin back into AUD directly to a local bank account

    Depositing Funds

    Cointree offers several options to deposit funds into the exchange which are widely available to customers within Australia such as PayID, POLi, Bank transfer and cash deposit. The minimum purchase amount is $20 and up to $10,000 per day depending on the bank.

    • PayID (Instant). Most banks and financial institutions in Australia support PayID. Deposits are credited into the Cointree wallet instantly
    • POLi (Instant). POLi Payments is a service provided by Australia Post that provides instant confirmation of payments. It is one of the best payment methods available for purchasing Bitcoin as quickly as possible.
    • Bank transfer (1-2 business days). Transferring funds directly to the Cointree account does take a bit longer, however, most Australians will be familiar with this process. Record the reference number with your deposit to be processed to avoid any delays.
    • Cash Deposits (Instant). Cointree has partnered with Blueshyft which features a network of 1,200+ retail locations around Australia. This payment method allows Australians to buy crypto with cash to deposit into your Cointree account.

    There is currently no option to use PayPal or a credit/debit card to transfer fiat currency to Cointree. Individuals that prefer the convenience of using a credit card to buy crypto will need to use an Australian exchange that allows this deposit method. Some of the most popular cryptocurrency exchanges which accept bank card payments are Swyftx, Binance and Crypto.com

    Buying Cryptocurrency

    Cointree users in Australia can quickly and easily purchase crypto with a fiat currency using several deposit methods as described above once your account is verified. The process takes only a few minutes. To buy Bitcoin using AUD with Cointree, follow these simple steps:

    1. Visit the Cointree website and login into your account
    2. Navigate to the top and hover click on 'Buy / Sell / Trade'
    3. Select the cryptocurrency asset you wish to purchase
    4. Enter the amount of cryptocurrency you want to purchase
    5. Cointree will calculate the amount of crypto you will receive (incl. fees)
    6. Choose your preferred payment method (e.g. PayID, POLi, bank transfer or cash deposit)
    7. Fill in your banking details and review the order
    8. Complete the transaction and receive the crypto in your Cointree wallet

    For a complete overview and demonstration of Cointree, watch the video below.

    What Are The Fees?

    Cointree uses a tiered-fee structure that varies between 0.5% and 0.9% depending on the volume traded. The trading fees are quite reasonable for high net worth investors. However, for beginners that are looking to make their first crypto purchase, Cointree's trading fees are not the cheapest option available in Australia. 

    TierTrading FeeTrade Volume

    We also note the spread between the bid and ask is high compared to other cryptocurrency exchanges. Spread costs are a hidden charge that new traders will not be aware of. At the time of writing, there is a $670 premium on the price of Bitcoin. A trader that purchases 1 BTC and immediately sells it back to the exchange will incur a considerable loss even if the price of the asset remains the same.

    This is a major drawback with using Cointree as these hidden costs will accumulate over time. It is important to check the trading fee AND spread when looking for a cryptocurrency exchange. This is why we have rated Swyftx as our top Australian platform as they are transparent with their trading fees and spreads to maximize the amount of Bitcoin purchased or converted back into AUD.

    cointree spreadscointree spreads

    Deposit & Withdrawal Fees

    Cointree does not charge a fee to deposit Australian Dollars to the exchange using a bank transfer. Other payment methods such as PayID, POLi and Cash Deposit will incur a small fee of up to $3.50. When compared to other crypto providers in Australia such as Swyftx and Digital Surge, there are zero deposit fees using PayID and POLi. The Cointree fees are small but should still be considered. A better alternative is to use a bank transfer which has no fees, but can take 1 - 3 business days to process depending on the bank.

    For cryptocurrency withdrawals to another exchange or a personnel hardware wallet such as the Ledger Nano X, a standard transaction (mining) fee will be charged that is based on the blockchain network load for the specific coin.

    Payment TypeDeposit FeeLimit
    PayID$2.75$25 min. $2,000 per 24 hours
    POLi$3.30$25 min. $10,000 per 24 hours
    Bank transferNone$20 min. $10,000 per 24 hours
    Cash Deposit$3.00$50 min. $8,000 per transaction

    Customer Support

    Cointree's website provides a comprehensive Help and Support section to assist beginners that want to buy Bitcoin or other coins for the first time. The guide covers a wide range of topics such as:

    • Account & ID Verification
    • Account Security
    • Depositing AUD and Withdrawing Funds
    • Trading Bitcoin and Altcoins
    • Self Managed Super Funds
    • Affiliate Program

    There is also the option to contact the customer service team directly by 'Submitting a Request'. There is no live chatbot to answer any queries after-hours. On search of Cointree reviews, recent feedback and comments on platforms such as TrustPilot and ProductReview are quite negative. 

    Frequently Asked Questions

    Cointree does not provide details on the founder however the website states partnership with strategic companies such as the Blockchain Centre, Blockchain Australia and Everything Crypto Australia.

    Cointree requires users that buy or sell cryptocurrency to prove their identity in accordance with Know-Your-Customer (KYC) protocols. To verify your account, the following documents can be uploaded:

    • International passport
    • National ID card
    • Driving license

    Cointree allows its users to setup recurring deposits to automatically purchase crypto. Once a recurring deposit has been setup to a Cointree account, the exchange will convert the available funds to Bitcoin at the current market rate automatically.

    Cointree has an affiliate program that rewards between 30-70% of the commissions on each trade for all new members that sign up using a unique referral link. The commission rate is based on a tiered structure so the more users referred will generate greater profits.

    Cointree supports Australian investors that decide to use their Super Fund (SMSF) to purchase digital currency like Bitcoin (BTC), Ethereum (ETH) and other cryptocurrencies. Users will need to complete a letter of authority which will allow Cointree to set up a crypto SMSF account.


    To conclude our Cointree review, the exchange provides a simple, easy-to-use platform for Australians to buy, trade, sell and even pay bills with cryptocurrency. We found the process of creating a new account, identity verification, payment options and purchasing crypto to be fairly straightforward. The verification process did take a while and could be further streamlined. We did note there are several references to the cause of delays with verification, so assume this has been a frustration with previous Cointree users based on user reviews.

    The trading fees offered by Cointree are competitive in the market, however, the difference in spread between the buy and sell price is high compared to the best Australian crypto exchanges. While the trading fee can be reduced with higher trading volumes, the spread charge does not favour the investor in the long run.

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    Kevin GrovesKevin GrovesKevin Groves

    Kevin started in the cryptocurrency space in 2016 and began investing in Bitcoin before exclusively trading digital currencies on various brokers, exchanges and trading platforms. In 2019, he started HedgewithCrypto to publish informative guides about Bitcoin and share his experiences with using a variety of crypto exchanges around the world.

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