Score
cointree
Australia
10-15 years
Suspicious Regulatory License|
Medium potential risk
https://www.cointree.com/
Website
Influence
A
Influence Index NO.1
Australia 4.62
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1It has been verified that this Exchange currently has no valid regulation, please be aware of the risk!
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| Aspect | Information |
|---|---|
| Company Name | Cointree |
| Registered Country/Area | Australia |
| Founded year | 2013 |
| Regulatory Authority | Not regulated |
| Numbers of Cryptocurrencies Available | 240+ |
| Fees | 0-0.9% |
| Payment Methods | PayID, Online Bank Transfers and physical cash deposits |
Overview of cointree
Cointree is a virtual currency exchange based in Australia. It was founded in 2013 and is currently under no valid regulations. The platform offers a wide range of cryptocurrencies, with over 240 options available for trading including the most popular Bitcoin and Ethereum.
Cointree has a varied fee structure that is dependent on the type of transaction, ranging from 0 to 0.09%. Users can make deposits and withdrawals using PayID, Online Bank Transfers and physical cash deposits.
Pros and Cons
| Pros | Cons |
|---|---|
| Wide range of cryptocurrencies available | Lack of specific regulatory authority |
| User-friendly platform | No mobile app |
| Multiple payment methods | Varied fee structure |
Security
Cointree employs several security measures to protect its users and their funds. These measures include:
1. Two-factor authentication (2FA): Cointree implements 2FA, which adds an extra layer of security to the login process. Users are required to provide a second form of verification, usually through a mobile app or email, in addition to their password.
2. Cold storage: The majority of funds held by Cointree are stored in offline cold storage wallets. This helps protect against the risk of hacking and unauthorized access.
3. Encryption: Cointree uses encryption protocols to secure user data and communications. This ensures that sensitive information, such as personal details and transaction data, is safeguarded from potential threats.
Cryptocurrencies Available
Cointree offers a wide range of cryptocurrencies for trading, with over 240 options available. This includes popular cryptocurrencies such as Bitcoin, Ethereum, Litecoin, Ripple, and many more. The platform allows users to buy, sell, and trade these cryptocurrencies, providing individuals with opportunities to explore different investment options and participate in the virtual currency market.
How to Open an Account？
The registration process for Cointree can be summarized in the following steps:
1. Visit the Cointree website and click on the “STAR NOW” button. This will take you to the registration page.
2. Enter your email address and password, and create a unique password for your account. Make sure to choose a strong password to protect your account.
3. Verify your email address by clicking on the verification link sent to your registered email. This step is essential to activate your account.
4. Provide your personal information, including your full name, date of birth, and country of residence. This information is necessary for compliance with regulatory requirements.
5. Complete the identity verification process by submitting a valid form of identification, such as a passport or driver's license. Cointree will review and approve your identification within a period of time.
6. Once your identity has been verified, you can start using your Cointree account to deposit funds, trade cryptocurrencies, and access other features provided by the platform.
Fees
| Account Tier | Buy Sell Fee | Coin-to-Coin Trade Fee | Referral Commission | Unlock Threshold | Trade Volume (AUD) Threshold or Referrals |
| Bronze | 0.90% | 0.25% | 30% | - | - |
| Silver | 0.80% | 0.20% | 40% | $10,000 | 2 |
| Gold | 0.70% | 0.15% | 50% | $50,000 | 10 |
| Platinum | 0.60% | 0.10% | 60% | $200,000 | 25 |
| Diamond | 0.50% | 0.05% | 70% | $1,000,000 | 50 |
Deposit Fees:
AUD/Money: No fees for PayID and Online Bank transfers. Physical cash deposits have no specified fee.
Cryptocurrency: No fees for crypto deposits.
Withdrawal Fees:
AUD/Money: No fees to withdraw AUD to your Australian bank account.
Cryptocurrency: Crypto withdrawals incur dynamic network fees determined by the destination network. These fees will be listed on the withdrawal coin page.
Payment Method
Cointree supports multiple payment methods, including PayID, Online Bank Transfers and physical cash deposits . Users can conveniently deposit funds into their Cointree accounts using these payment options. The processing time for each payment method may vary. It's important for users to consider the processing times when depositing funds into their Cointree accounts to ensure that they have the necessary funds available for trading or other activities on the platform.
11 ratings