Cointree is Australia’s first cryptocurrency exchange and offers over 150 cryptocurrencies to buy and sell. It charges a 0.9% fee for all trades and offers a social trading experience. It also allows Australian users to pay bills in Bitcoin. The site supports BPAY payment, making it easy to convert your Australian bills to cryptocurrencies.
Cointree is Australia’s first cryptocurrency exchange
Cointree is a new exchange based in Sydney that focuses on the convenience of its customers. The platform offers one-click trading, bank account linking, and comprehensive support. Its live ticket system can help customers with trading issues and queries. If you’re in the market for cryptocurrency trading, Cointree may be your best choice. You can also use it to invest in SMSFs and receive updates and calculations of taxation on your account.
Cointree also boasts a beginner-friendly platform, which makes it easy for anyone to invest in cryptocurrencies. Its platform is clean and uncluttered, and includes a Learning Hub to help beginners understand how to get started. Another advantage is that Cointree lets you buy cryptocurrencies using Australian dollars, so you can save on conversion fees.
It allows users to buy and sell over 150 cryptocurrencies
Cointree is a cryptocurrency exchange platform that supports more than 150 cryptocurrencies. Its platform is user-friendly and allows clients to explore the various trading options available to them. Its sign-up process is easy and quick, and its customer support staff is very professional. Its rich product portfolio includes over 150 cryptocurrencies, including Bitcoin, Ethereum, and Litecoin. It accepts Australian Dollars (AUD) as fiat currency. Visit Cointree to check eth price today.
Cointree is available exclusively through their website. While this makes Cointree more accessible, it can be unintuitive if you aren’t a computer or smartphone user. Thankfully, the website is mobile-friendly, and it does have a mobile version. However, Cointree is a better choice for users who are more comfortable using a desktop or laptop. Cointree charges a 0.9% fee for all transactions. However, there are some sites with lower fees, such as Coinspot or Swyftx.
It charges a 0.9% fee on all trades
Cointree has a tiered fee structure, with fees ranging from 0.5% to 0.9% of the amount of your trade. These fees are lower as your trading volume increases. However, they are not the cheapest option for beginning investors. Cointree requires users to trade AUD1 million within 30 days in order to qualify for the lowest fee.
Cointree is aimed at newcomers to the crypto market today, and supports more than 160 different cryptocurrencies. Coins supported by Cointree include Bitcoin, Ethereum, Litecoin, ADA, LTC, BCH, and more. The site also allows users to pay their bills with cryptocurrency, making crypto more mainstream.
It offers a social experience
The Cointree crypto exchange is a great option for seasoned investors and traders alike. The exchange is stable and offers a large pool of cryptocurrencies. However, the exchange lacks a number of investment programs. For this reason, traders can opt to copy the trading portfolios of leading traders, which is a paid feature.
The Cointree dashboard makes it easy to manage investments. Its portfolio trackers let users keep track of all their cryptocurrencies in one place. It also allows them to see real-time daily changes in their favourite cryptos. In addition, they can view all transactions in the past seven days. In addition, users can choose investments from the Starred Coins section, which features investments selected by professional investors. The Starred Coins section also offers a copy trading feature, which allows users to follow the investment moves of their favorite investors.
It is required to report to the Australian Taxation Office
Cointree has recently announced a partnership with cryptocurrency tax reporting software Koinly, which will provide users with a consolidated report up to $389. This partnership comes after the Australian Taxation Office (ATO) emphasized its focus on digital currencies during the current tax season. According to Koinly’s head of tax Danny Talwar, the partnership will make crypto tax reporting easy for both parties.
Cointree has been a registered digital currency exchange with AUSTRAC, which means that it must implement KYC verification processes for Australian customers. The company has also joined a data sharing program with government authorities, which means that it has to report its crypto trading activity to the ATO when filing taxes. Koinly allows you to import transaction history from Cointree and generate a tax report for your purchases.