US investors permitted
CoinTree – Detailed review
A trading cryptocurrency guide must provide reviews of all of the top crypto exchanges out there, so that you can find the best cryptocurrency exchange site for you. This review of CoinTree consists of four parts: general information, fees, deposit methods and security.
CoinTree is an Australian cryptocurrency exchange. Other exchanges from the same country includes, inter alia, TOPBTC. The exchange does not list US-investors as prohibited from trading, but US-investors should do their own independent assessment of any problems arising from their residency or citizenship.
The fees at any exchange are very important to consider.
When buying BTC or any other coin from the exchange, the purchase price offered by CoinTree is usually higher than the market price. Conversely, when selling BTC to the exchange, the purchase price offered is usually lower than the market price. The mark-up or mark-down is not specified anywhere. This is potentially a risk for you as an investor. Accordingly, we strongly urge you to make you own analysis of the fees and price differences at this exchange before executing any transactions there and before concluding that it is the best cryptocurrency exchange site for you.
Considering how this exchange operates, withdrawal fees are irrelevant.
CoinTree offers wire transfer as a deposit method, but you can’t deposit via credit card. This of course negative news to you if you would prefer to use your credit card for any reason. Interestingly enough, however, you can deposit via cash at a local bank branch. You can also deposit money through a POLi transfer.
CoinTree’s security score is B, when performing the test at Observatory by Mozilla (https://observatory.mozilla.org/). This is far above average when it comes to top crypto exchanges.
If you have concluded that this is the exchange for you, congratulations! Go for it. But if not, please use our Exchange Finder here to find out which exchange has the best cryptocurrency exchange site for you.