Cointree Review 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- AU$20
- TradingView
- All popular cryptocurrencies and coins, and AUD fiat
- commissions are below market average
- there is OTC trading, a quick exchanger, institutional accounts, and the ability to participate in self-managed super funds. There is no investment, but there are detailed trading guides and regular promotions.
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- AU$20
- TradingView
- All popular cryptocurrencies and coins, and AUD fiat
- commissions are below market average
- there is OTC trading, a quick exchanger, institutional accounts, and the ability to participate in self-managed super funds. There is no investment, but there are detailed trading guides and regular promotions.
Our Evaluation of Cointree
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Cointree is a cryptocurrency exchange with higher-than-average risk and the TU Overall Score of 3.12 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Cointree clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
The Cointree cryptocurrency exchange is one of the older players in the Australian market. It is a licensed company that provides extensive cryptocurrency trading services for users of different levels. The exchange has a low entry threshold with a minimum deposit of only AUD 20, an easy-to-learn trading terminal, and adequate startup fees. Each client is allocated a free multicurrency wallet, and deposits and withdrawals are available through many popular channels, including bank transfers. The platform has high-quality training programs, which is an additional advantage for beginning traders. Disadvantages are the lack of specialized solutions for investment and a long process of data verification.
Brief Look at Cointree
The Cointree exchange provides its clients with access to the international cryptocurrency and token market where trading in crypto/crypto and crypto/fiat pairs is available. Bitcoin (₿), Litecoin (Ł), Ethereum (Ξ), Tether (₮), Ripple, Cardano, and other cryptocurrency assets are available for trading, yet, only the Australian dollar is represented from fiat currencies. The platform also offers lightning-fast transactions, OTC trading, and there are institutional accounts. Among the basic features is the portfolio tracking system, which allows you to analyze the profitability of copying the strategies of successful portfolio managers and experienced traders on the exchange. There is a limited referral program with payments of up to 70% of trade commissions of referrals. The trading commissions are lower than the market average, starting from 0.5% to 0.9%, depending on the trading volume. The commission for a quick exchange is not more than 0.25%. Investment solutions are not planned.
- dozens of the most popular cryptocurrencies and tokens on the global market, as well as the Australian dollar, are available for trading;
- an easy-to-use browser-based TradingView terminal has an intuitive interface and all the necessary features;
- low trading commissions such as 0.9% are at the first trading level, and you can reduce them to 0.5% later by increasing the volume of trades;
- there’s a profitable referral program that depends on trading volume;
- in addition to cryptocurrency trading, there is a built-in quick crypto exchanger and other features;
- trading via self-managed superfunds is available, and the VIP-clients exchange provides experienced advisors for crypto-trading;
- the site, in addition to the extensive FAQs section, has training guides for crypto traders of different levels, plus a regularly updated articles book;
- technical support is available by email, through online chat, and via its call center.
- no specialized investment solutions;
- only the Australian dollar is available as fiat currency;
- verification takes from 24 to 48 hours.
TU Expert Advice
Financial expert and analyst at Traders Union
The Cointree cryptocurrency exchange was launched in 2013 and is one of Australia's oldest exchanges. It is headquartered in Melbourne. The company is officially registered with AUSTRAC and complies with the AML/CTF standard. The license numbers for financial activity are valid and are: ABN 36 167 203 303 and ACN 167 203 303.
Based on the results of a comprehensive analysis, there were no vulnerabilities or other problems with the security of the exchange. Indeed, the trading floor is characterized as one of the most secure. There is only one major technical drawback associated with this exchange, and that is the verification of users’ data may take up to 48 hours. This is because the Cointree exchange scrupulously checks out its potential clients, and sifts out fakes and fraudsters.
The TradingView terminal is onboard. It has basic features, and the trading process is easy, intuitive, and understandable even for those who have never traded before. The exchange provides detailed guides for novice traders. There are also ground-breaking guides and articles for professionals.
Commissions are lower than the market average. There are trading levels, which determine the discount on commissions. At the maximum level, the trading fee is 0.5%. The service commission is half as much. The site does not charge for deposits; and for withdrawals, only network charges apply. The experts have concluded that cooperation with the exchange can be profitable.
The exchange has several types of accounts, including institutional, over-the-counter trading, and trading through self-managed super funds. The downside of the site is there are no demo accounts or investment programs and the sole fiat is the AUD.
Cointree Summary
| 💻 Trading platform: | browser-based TradingView |
|---|---|
| 📊 Accounts: | Standard |
| 💰 Account currency: | Cryptos, AUD |
| 💵 Replenishment / Withdrawal: | Bank cards and accounts, crypto, and e-wallets |
| 🚀 Minimum deposit: | AU$20 |
| ⚖️ Leverage: | 1:1 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | From 0 |
| 💱 Commission: | Market |
| 🔧 Instruments: | Cryptos, AU$ |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | No |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | Not indicated |
| ⭐ Trading features: | All popular cryptocurrencies and coins, and AUD fiat; commissions are below market average; there is OTC trading, a quick exchanger, institutional accounts, and the ability to participate in self-managed super funds. There is no investment, but there are detailed trading guides and regular promotions. |
| 🎁 Contests and bonuses: | Yes |
To start trading on the Cointree exchange, you must complete the registration and verification procedure on the official website. It's not a mammoth task, but the verification (confirmation of your personal information) may take 24 to 48 hours, due to the specifics of the company's security service. Once the procedure is complete, the client gets full access to the exchange’s features. Leverage is not provided, so clients of the site must rely on their own capital. Technical support is available via email or via online chat. There is also a multi-channel call center, and communication channels are listed in the Contacts section.
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Commissions & Fees
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up to $10,000 in trade earns a fee of 0.9%;
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over $10,000, but less than $50,000, earns a fee of 0.8%;
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over $50,000, but less than $200,000, earns a fee of 0.7%;
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over $200,000, but less than $1,000,000, earns a fee of 0.6%; and
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above $1,000,000, earns a commission of 0.5%.
When determining the trading level, the client's trading volume for the last 30 days is taken into account. The trading level also affects the fees at the exchanger. They range from 0.25% on the first level to 0.05% on the fifth level.
| Account type | Commission (minimum value) | Withdrawal commission |
|---|---|---|
| Standard | Up to 0.9% per order | Yes |
This exchange does not charge a commission to deposit funds. Also, there is no commission for withdrawing Australian dollars. Cryptocurrency withdrawal commissions depend on network congestion. These are standard transaction fees that are displayed in the withdrawal application. There is only one limit on the exchange. Customer purchases cannot be more than AU$10,000 per day or more than AU$20,000 per week. Larger trades are automatically withdrawn to the over-the-counter desk.
| Broker | Average commission | Level |
|---|---|---|
|
$0.9 | |
|
$20 | |
|
$0.1 |
Investment Options
This crypto exchange does not provide specialized investment solutions for its clients, except for its referral program. Clients must receive their main income from the active purchase and sale of cryptocurrencies, coins, and fiats. The introduction of investing on the site is not planned.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Cointree’s affiliate program
The exchange offers clients a referral program, the benefits of which are largely influenced by the volume of trading. The program is available from the first trading level, i.e., an exchange client does not have to trade to participate in it. In the Referrals section, there is a personal affiliate link. The link can be placed on any external resources without restrictions.
Each user who clicks on the link gets registered and verified at the exchange, and will bring income to the owner of the link (subject to the limitations below). The income is a certain percentage of the user's commission for any of his trades. The amount of payment depends on the volume of trades of the link owner, calculated as follows:
trade up to AU$10,000, pays 30%;
$10,000-49,999 of trade, pays 40%;
$50,000-199,999 of trade, pays 50%;
$200,000-999,999 of trade, pays 60%;
more than $1,000,000 of trade, pays 70%.
At the first trading level, a client can invite one referral per month; at the second level, two referrals; at the third, ten referrals; and at the fourth and fifth levels, 25 and 50 referrals, respectively.
For the program to work, every 30 days you need to successfully invite at least one new referral to the site. Referrals who come exceed the limit on invitations for a particular level will not bring income to the owner of the link who invited them.
Referral programs are open-ended. A referral retains his status as long as he trades on the site. Full statistics are available in the Referrals section of the member’s personal account.
User Satisfaction