Coinspot and Cointree are two of the best crypto exchanges available in Australia. In today’s article we’ll compare the two of them head to head so you can figure out which one is right for you.
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- Longest standing exchange
- Big selection of coins
- Not as user friendly
Australian-based Coinspot is a cryptocurrency trading and exchange platform that was founded in 2013. With 290+ cryptocurrencies available on their site, it’s one of the top exchanges in Australia.
- Quick registration and limited
- has a large selection of cryptocurrencies.
- No mobile app
Cointree, a cryptocurrency platform based in Australia has been operating since 2013. The company offers exchange services for Bitcoin (BTC), Ethereum(ETH) and many other digital currencies to its customers across America making it one of this country’s most trusted exchanges today!
Have you ever wondered which exchange is cheaper? Let’s take a look at the prices for buying and selling Bitcoin on Coinspot versus Cointree.
The first thing to consider when comparing these two exchanges are their fees, so let’s explore that in more detail here:
First you’ll need to deposit your money on the exchange in AUD. Coinspot takes a cut of 0 and Cointree charges a 0 for deposits.
Coinspot charges 0.10% of your purchase price while Cointree charges 0.90%.
When selling crypto – Coinspot charges 0 while Cointree is 0.90%.
Coinspot offers 5 main methods to deposit AUD to your account. They are bank transfers, BPay, PoLi, and PayID..
The daily deposit limit is 0. Most people won’t need to worry about hitting that limit.
Cointree offers a few methods to deposit AUD to your account. They are Cash, Cryptocurrency, POLi, PayID, Online banking.
The daily deposit limit is AU$20.
Overall, Coinspot is a better option because it has more deposit methods available which makes it easier to transfer funds.
Coinspot protects your privacy and security using the following methods:
ISO 27001 Certification
HackerOne Bug Bounty Program
Industry Best Practice Offline Storage Protocols
Cointree also has security measures in place and here is what they do to protect your assets:
Two factor authentication
Adding extra protection with YubiKey (U2F)
Identifying and Avoiding Scams
While both exchanges are secure, it appears that Coinspot has better security over Cointree.
Coinspot’s mobile app is highly rated by their users with a user rating of 2.5 on the Apple app store.
Cointree does not have an app, however its website is accessible through a mobile browser, and is simple enough to use.
Coinspot is your best bet for traders who value a great mobile app.
Both exchanges have great service but if I’d had to pick one overall it would be Coinspot.
Sign up now using the links below: