Review your last buy on ProductReview.com.au
2Cointree

Cointree

 Verified
2Cointree
1.5

34 reviews

Positive vs Negative
11%89%
Withdrawals ?Within 24 hours, 3-4 days and Over a week
Transparency ?
1.7
Rates and Fees
1.8
Ease of Application
2.3
34 reviews
  • Thumbnail
Chad Nazarov
Chad NazarovVIC2 posts
 

What a joke. In order to send my xrp to my own wallet they say that a minimum of 31 xrp is the only way I can send my xrp from cointree to my own wallet. This tells me that the xrp supposedly on their site is not even there. Otherwise I would be able to send 1 XRP for 0.0002 cents like any I there normal crypto site. But this is not a normal… Read more

crypto site. They are grifters because they will gladly take your money and print numbers on a screen to say you have crypto, but when you go go send it to another wallet they want a Ferarri's worth of crypto minimum to be able to send to another wallet. You feral at coin tree need to be shut down. It is 2025 for crying out loud! You should not have a 31 xrp minimum transaction limit to be able to send my xrp to my own freakin cold storage. This isn't just xrp this is every coin. So TLDR, they take your money, then make it as hard as possible to withdraw it. How they are still in business is beyond me, money laundering is possibly how they stay afloat. Crayon eaters they are!

Mike D.
Mike D.4 posts
  Fair Incentive

I’ve been with Cointree for 9 months now, and honestly, it’s been smoother than my morning coffee. Deposits and withdrawals? Faster than me running to catch the bus. Rates? So good they make me double-check if it’s real. The platform? Even my grandma could use it (and she still thinks Wi-Fi is magic). Overall – 10/10, would recommend to anyone who likes their crypto experience stress-free. Show details

Ask the reviewer
Jim Roberts
Jim Roberts3 posts
 

If I could give zero stars I would. Cointree has regular technical issues that prevent me from withdrawing coin. They ignore support requests and clearly delay taking action in an effort to hang onto your coin as long as possible. Do not use Cointree if you are worried about losing access to your funds. I believe they'll be bankrupt within 2 years. Show details

Ask the reviewer
ash
ashQLD2 posts
 

They stole 300 dollars from my account then apologised bloody trash they are like FTX Show details

Tim
TimNSW42 posts
 

If you want to experience hell put BTC into this mess of a business. App no longer supported doesn’t even exist, don’t allow transfer of BTC to other accounts and zero support. Stay away!!! Show details

Leah Hardington
Leah HardingtonNSW
  Verified

The whole system of cointree is design for you loss all your money, withdrawals are heldback, some account are even disable charge back is only possible if you report to Rose Lane GP

Bernard D.
Bernard D.QLD2 posts
 

Terrible experience with cointree. They forced me to sell my btc after they asked what I was buying and which country I was sending very small amounts of btc. This is a scam.

Chueng G.
Chueng G.QLD2 posts
  Verified

Had an awful experience with Cointree. Tried to make a transaction, and they delayed the process for no reason, causing me to miss a crucial price point. Support was slow and unhelpful, and to top it off, my account was eventually restricted with funds still inside. Absolutely unacceptable for a platform handling people’s money. After getting… Read more

nowhere with Cointree’s support, I reached out to Hudson Assets Security, and they were able to help me recover my funds. It took some time, but they knew what they were doing and kept me updated throughout the process. If you’re in a similar situation, I’d highly recommend looking into their services.

Chris B
Chris BVIC
  Verified

I have posted a fair bit against Cointree and to rightly so, as they are not worthy of being in business, i tried to use a Australian business but now that i have signed up with Bybit platform crypto trading i realize how terrible Cointree are, so do your self a favour and look at Bybit first ( i have no affiliation with Bybit ) or even BingX as these are real crypto platforms for buying and trading.

Sakkie v.
Sakkie v.2 posts
 

Funds missing after deposit – Deposit funds and disappeared, no way to contact them, do not use

Debra
DebraWA12 posts
 

Unable to withdraw my funds – All I am wanting is to withdraw my money and close my account. As I am aware I have followed instructions but I am still unable to withdraw. I have been dealing with support Devon since 18/09/24 I have sent screen shots of my details as requested but continue to get the same standard email return every time. Deposit to my account was very easy but withdrawal is impossible.

James
James
 

Used platform for a while - no issues and friendly customer service – Great service! Good exchange nice and easy to use - friendly staff Show details

  • Thumbnail
Daniel
DanielVIC13 posts
  Verified

Don't allow you to withdraw crypto or aud – Site doesn't allow you to withdraw, only deposit. No live support, only email based support mon-fri business hours who don't reply. Avoid this site at all costs. As per other reviews they don't allow anyone to make withdrawals. Not a genuine website. Do not appear to have any licensing or audits completed. UPDATE - After leaving this review… Read more

they closed my account. Still can't withdraw the money. Absolute rort.

Update 2 - After being told I needed to send them my bank statement showing 30 days of transactions, they stated they had sent the money to my account. However today they are telling me they are not going to send the money there and that I need to provide a bank statement from a different bank account. Laughable. I've attached the email they sent me today. Will be making a complaint to AFCA.

Cointree
Cointree    

Hi Daniel, We're sorry to hear about your experience. … Read more

Forex & Share Trading Platforms

Find out how Cointree compares to other Forex & Share Trading Platforms

Know better, choose better.

Compare all
  • Thumbnail
Joshua G.
Joshua G.QLD2 posts
  Verified

Terrible Service, Slow Support – Will happily allow you to deposit funds and take fees when exhanging your money for crypto. Will then not allow you to withdraw crypto, nor send aud back to your bank account. Effrectively holding your $$$ ransom with no reason or warning. AVOID AT ALL COSTS Show details

Felix Morgan
Felix MorganWA
 

Withdrawal issues – The platform is scam I tried for weeks with no success to withdraw funds But luckily after filling a complaint to Refundback .net they intervened and I got my funds out . I’m relieved and thankful

SGB
SGBVIC
 

terrible data security – They probably sold my information, i received a phishing link from a scammer USING MY REAL NAME only 2 minutes after signing up to their site, i mentioned this on another review site and they took down my review, so now i am telling everyone this on other sites. Stay the hell away from this exchange

Mohamed Farhat
Mohamed Farhat
  Verified

Deposit not arrived – I made a PayID transfer but it did not arrive. It is instantly but now it's not showing in my balance. Why is this delay and nobody answer??

Raff
RaffVIC
 

Worst company for crypto 1 star because I don’t have option for no star – I have just closed my account with Cointree possibly the worst company I have ever dealt with They don’t return calls when they do respond with a generic email nothing gets resolved. I have moved to another company and much better for it COINTREE should their name to NO TREE

JENNIFER OSBORNE
JENNIFER OSBORNE
  Verified

Stay away !!! – This is the worst experience I had! They ripped me off asking stupid questions and they ask you to show them your crypto wallet after that close your account with no explanation and send you refund but after they gain taxes from you twice. Fees when you deposit and buy crypto, orher fees when you sell back to them so they can refund you. After 5 days !!! 5 days they kept my funds and used my money !!! Stay away from Cointree!!! Show details

Phil
Phil2 posts
 

Avoid – My account has been on hold for weeks. Everytime I try to use Cointree I keep getting "Due to unusual login activity, coin withdrawals on your account have been paused for 7 days" This has been going on for weeks. Since I opened the account I never once been able to Buy/sell or trade. Due to the above block and when I try to wishdraw my money I get same response. Zero customer service and they will lock your money up.

Jason D.
Jason D.
 

Rip off – Extremely expensive transaction fees. I paid $40 to send 200. Go elsewhere that's ridiculous. Show details

Oyedotun
Oyedotun3 posts
 

Refund – Could someone please help me on how to get my money from cointree. I don’t know where to turn to anymore, they are unreliable and unprofessional. My account was closed without a reason and my 38000 is nowhere to be found. Do I need to get a lawyer?

Forex & Share Trading Platforms

Find out how Cointree compares to other Forex & Share Trading Platforms

Know better, choose better.

Compare all
Chris
Chris3 posts
 

High Fees and can't contact support and hold your money! – Have money sitting in their account and want to transfer it out, the website says its on hold for 7 days and if I don't like it, to contact their support. Contacted support via ticket and get 1 reply per day so far. Try calling their phone number and NO STAFF ARE AVAILABLE. Not a single person answers the phone, so why pretend you have a phone… Read more

number. They are literally just holding onto peoples money and refusing to give it back. I have 2FA and no one knows my password. I dont need you to randomly choose to keep my money for "my safety".

Tuppy
TuppyQLD3 posts
 

SCAM WARNNING – Warning I have still not received any funds up until today They don't let you take out money , i have asked a million times to refund my money they refuse for no good reason beware, this broker is not processing withdrawals.!!! I have submitted withdraw request severally did not and the only option i am getting is to talk to support i contact… Read more

support , i asked is to send the funds i send from my bank back to my bank they refuse please don't invest with cointree

Phillip McGregor
Phillip McGregor
 

Easy to use – Have been using since 2020. Easy to use and very helpful support team that can assist you with anything you need. Have had a pleasant experience using them as my main Aussie crypto exchange, would definitely recommended them. Show details

Becca
BeccaVIC
 

Great Aussie Exchange! – Been using the Cointree site for a couple of years now and it's been great. They have a lot of cryptos and the site is really easy to use. If you need help from customer support, they are local and really helpful. Overall been a great experience and would recommend it as another exchange to use. Show details

MICHAEL
MICHAELWA2 posts
 

NEVER TRUST COINTREE – I wish I had seen all the reviews before signing up to Cointree. This company is not to be trusted. They have stolen or hijacked more than $200 000 from me and won’t return it. They claim compliance or security reasons and they refuse to return the money to my bank and have lied about it. It’s impossible to speak to anyone of senior rank because… Read more

they refuse to let you. It’s a shame that this so called regulated company is so bad. This is Australia not Russia. Just look at all the other reviews, we can’t all be wrong. They won’t give me back my money and close my account as requested. I am 84, in poor health and I was sending crypto to a private wallet to make provision for my grand and great grandchildrens university education after my death. COINTREE has caused me great stress as I have Covid as well. Don’t go near them. Other reviews show them up with multiple breaches of faith.

Cointree
Cointree    

Dear Michael, We're sorry you're feeling unwell. We… Read more

Zack
Zack
 

Terrible – Use any exchange but coin tree. Constant excuses and now there are doing everything they can to stop you from transferring your coins to other exchanges. Don't make the mistake

Larry R.
Larry R.QLD
 

Warning - Do Not Open Account. They Hold Your Private Key And Will Not Ever Give It To You – Essentially they could go bankrupt and take everyones money as they hold your private key only. Outrageous. Laws need to be made surrounding this! Learned the hard way and sent bch to btc wallet. Wanted to recover using my private key however they REFUSE point blank! I wish that I had done more research. Terrible customer service. They are the primary custodian of your assets - AVOID AT ALL COSTS Show details

gtempo
gtempoACT28 posts
  Verified

I wish I had seen the reviews before sending them money – This is one of those, I wish I had seen the reviews before sending Cointree my money. The interface is basic, no comparison with an exchange like Binance, or OKEx. But that is not the biggest issue. You can't talk to anybody, support is via their ticketing system, so no email records either. And that is not the worst either. You cannot withdraw… Read more

your coins unless you are Gold tier. How do you get to Gold? You need to trade at least $50,000 and refer 10 people in the last 30 days! Avoid Cointree. Go to Binance, get you coins, withdraw your coins and be happy.

Lee Trayor
Lee TrayorWA
 

Absolutely terrible customer service, constant bugs and nothing but excuses when asked about them. Avoid at all costs – Terrible customer service, sign up took nearly a week I might add, bugs galore and when asked for help you get the run around and excuses. Extremely unprofessional and I wouldn't recommend anyone use this service. There are many options out there any I'd recommend any one but cointree..... Save yourself the time and hassle.

Vern M.
Vern M.VIC
 

Mean, Greedy and terrible – Crypto is meant to allow fast and easy transactions. BUT not with CoinTree. You can buy crypto, but they do not let you send it!!!!! Unless it's BTC, BCH or ETH Or unless you spend $50,000 and make a bunch of referrals. I consider this exchange is mean, petty, greedy and horrible based on it's locking you out of the most basic and necessary of features. Show details

Dom
DomVIC2 posts
 

Poor customer service. Expensive platform – I started my crypto purchasing with Cointree. While their platform is very simple to use, their customer "support" is badly lacking. You ask a specific question when you cannot find the answer on their outdated website, and they point you back to the website. It is time-wasting, and deflective, and belongs back in the last century. Whoever… Read more

trains the Cointree staff needs a foot up the backside.

Also, since discovering other platforms, I discovered Cointree adds a lot more margin onto spreads and spot prices. And I'm talking sometimes a 2-3c price difference!!

So not only are they expensive, their support is bad, they have no decent charting, and if you buy/sell a coin your account takes at least 24 hours to update your account!

WTH century are they in?

I have since moved my business to another company (swyftx) who have instant support that's genuinely helpful, not just "check our website" nonsense. And their spreads are cheaper than Cointree's.

I would not say Cointree are shonky. But their customer "support" is non-existent. You can do better than these duds!

Harry M.
Harry M.VIC
 

Never use this site...They [Content Removed] your money, lie and do not care – Following pointless communication with numerous employees including 'senior management' (who has promised to respond in writing in 24 hours), this matter of my stolen money needs to be escalated. "Plenty of one-star reviews on productreview.com and many more sites - soon to be added to - including your direct quotes. To call you rogues is… Read more

essentially a compliment - to many, you outright steal from your clients. Your conduct seriously lacked candor and I look forward to meeting you in person at arbitration and maybe VCAT and magistrates court. When I mentioned to the authorities that money was stolen from my crypto account. the adviser said verbatim "don't tell me, Cointree?" Humans are fallible and make mistakes, and we accept that, but when there's outright deceit (most obvious in your voice and manner) you deserve to have the book thrown at you."

ProductReview.com.au has affiliate partnerships. These do not influence our content moderation policies in any way, though ProductReview.com.au may earn commissions for products/services purchased via affiliate links.