CoinTree: Trustworthy Australian Bitcoin Trading Exchange?

What Is Cointree?

Cointree is an Australlian based exchange that provides a simple and fast way to transact cryptocurrency. With up to the minute updates on the price of Bitcoin, users are in a position to profit from engaging in this crypto. The main purpose of this platform is to quickly buy or sell bitcoin at the best price available. The platform also has a secure wallet where users can store their coins.

CoinTree Australian Bitcoin Trading Exchange Benefits

The CoinTree platform offers its users a number of benefits that include:

• Great prices – Users gain access to the amazing Bitcoin prices on this platform in a hassle free manner.
• Easy to use – The platform is pretty straightforward and doesn’t take long to set up. There’s also a great and efficient support team to offer assistance to all the users.
• Minimal fees – Trading on this platform is pretty affordable since the fees charged on every transaction are quite small.
• Newbie friendly – Cointree is also friendly to beginners and one doesn’t have to know much about crytpocurrency in order to trade on it.
• Proof of balance – Users can always look at their available balance at any given time on the exchange and in the wallet.
• Safe – Whereas some platforms may credit your account with virtual balances, at Cointree the balance that the users view is real bitcoin.

CoinTree Fees Structure

The platform charges a minimal fee and it tries it’s best to remain as cheap as possible.  Cointree is confident that they are among the best priced and often encourage their users to compare their prices with those of other exchanges. Here are their pricing mechanisms:

• Buying Bitcoin fee – 3%
• Buying Altcoin fee – 0%
• Sell Bitcoin fee – 0%
• Pay bill fee – 0%

Is CoinTree Safe To Use?

Safety and security is a top priority at Cointree. All traffic on the website is encrypted using SSL and all the user details are encrypted using advanced technology. As for the wallet, its encrypted using different methods to ensure security.

The SSL certificate is protected using a 2048 bit key.Rijndael cipher is used to encrypt the user’s details as well as the passwords.For each Bitcoin wallet, there’s a salted paraphrase that secures each wallet which is then stored separately.

CoinTree Proof Of Solvency

When it comes to cryptocurrency, it’s important for a platform to show that the balances available are real. As for Cointree, it believes that its users should always be in a position to see their balances. To do so, the platform is always in a position to prove its solvency which is a great feature for users.

To deposit on Cointree, you can use cash or other approved bank transfer methods. The platform also allows for online as well mobile banking methods for users that prefer working from the comfort of their offices or homes. The platform allows transactions of a minimum of $200 and transactions of up to $10,000. Setting up on Cointree is pretty straightforward and all you require to get going is a username and a strong password.