Quick-Take: While Cointree has been around since 2013, it is one of the least popular cryptocurrency exchanges in Australia. They offer a limited amount of cryptos, no staking options & no NFTs.
The key products that Cointree offers Australian cryptocurrency investors are their trading platform, and the ability to pay bills from your Cointree account. The Cointree exchange is fairly simple to use, with a user modern interface and over 280 coins to trade.
Their Cointree Wallet also allows you to pay your bills and expenses with Cryptocurrency from their platform. Simply enter the billing details and the Crypto you want to sell to fund the expenses in AUD and you can start paying your rent with digital assets.
Cointree is one of the cheapest instant trading crypto exchanges in Australia, charging a 0.5% trading fee. This is cheaper than platforms like SwyftX, which charge up to 0.6% for an instant swap on their platform.
The Cointree platform offers a simple buying & selling interface for the 280+ cryptocurrencies available on their platform. That said, there is not much else to do on Cointree outside of buying and selling Crypto for 0.5% fees.
Their platform does not offer Staking or an NFT Marketplace to explore the other aspects of Crypto, DeFi and the Metaverse. This is one of the reasons why we believe they are less competitive than the best crypto exchanges in Australia.
Cointree is a safe and licensed cryptocurrency exchange by the Australian Transaction Reports and Analysis Centre (AUSTRAC. They are also a member of Blockchain Australia, which highlights that they are active in the Australian Crypto & Fintech communities.
The Cointree platform is well-known for its SMSF and institutional support. Their company offers a white-glove service with account managers that will walk you through the onboarding process step-by-step.
You can buy, sell and trade Cryptocurrency from your SMSF, Family Trust or Discretionary Trust account legally with the Cointree trading platform.
Cointree is a perfectly good exchange to use if you're an Australian investor looking to buy Cryptocurrencies. That said, they definitely aren't the best. If you are looking for a more comprehensive experience on a platform that offers Crypto Staking, NFT Marketplaces & Wallets and 350 assets to trade - we recommend CoinSpot.
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