More altcoins added

29 Oct, 2017 1 min read 1954

Today we're happy to announce that Ripple and Potcoin have been added to our ever growing pool of altcoins.

Ripple, seen as a complement to bitcoin rather than a competitor, has been around for years and gained popularity in the crypto-currency space. It's been designed to allow seamless transfer of any form of currency, whether it be dollars, pounds, euros, yen or bitcoin.

Potcoin is one of the most specialised altcoins we've come across. According to Wikipedia, its aim is to become the standard form of payment for the legalised cannabis industry overseas.

The CoinTree team

Happy new year

18 Oct, 2017 1 min read 4686

Happy new year from all of us at CoinTree! With the new year comes new excitement for what bitcoin may have in store for all. While we wait to see what that entails, we have two updates for you.

  • Regular Purchase limits have been raised to $500, allowing you to purchase a fair bit of bitcoin every week or whenever you want, without lifting a finger.
  • Monero has been added to the pool of altcoins that can be purchased. This is the latest and hottest altcoin doing the rounds at the moment.

    The CoinTree team

Cash purchases temporarily unavailable

08 Jan, 2017 1 min read 1029

Accounts may be unable to make cash purchases at the moment due to a technical issue. Resolving the issue is our top priority, but it may take some time.

All our other features remain available. Existing users will be able to purchase bitcoin using our other purchase options. Unfortunately new users may be unable to purchase bitcoin until our cash option returns. We apologise for any inconvenience.

The CoinTree team

A year in review

31 Dec, 2016 3 min read 5904

Season's greetings from everyone at CoinTree.

It's been a wonderful and eventful year for us here at CoinTree and for bitcoin across the globe. In international news, we've seen many governments begin to take bitcoin and its blockchain technology seriously. We've seen a major overseas exchange, Bitfinex, lose USD $65 million in bitcoin and survive in an extraordinary turn of events. And the bitcoin community experienced the first real bitcoin halving since general adoption.

Closer to home, Australia is continuing to embrace blockchain technology. Earlier this year the government held a $22 million bitcoin auction without a hitch. More recently, Australia Post announced it is researching the blockchain for streamlining its processes, and the BAA released a guide showing merchants how easy it is to accept bitcoin.

At CoinTree, it's not all about keeping up with the latest news. We released BitID integration (allowing you to sign in securely without touching a keyboard), altcoins (such as Zcash, Ether and Litecoin), a currency converter (for those buying for overseas purchases), streamlined purchase time frames, and added a track order feature where you can watch the progress of a purchase, just like watching a parcel arrive. All while maintaining one of the best prices here in Australia. Our best price guarantee has yet to be claimed!

As we look forward to taking a short break, we are excited for what 2017 holds. In the new year, we will see Australian bitcoin platforms start to become regulated. While it will be a lot of work for CoinTree and similar services, it is a great thing for consumers and the community. We expect to see more announcements from the government, ASX and Australia Post about their blockchain research and the progress being made. And we could see bitcoin hit an all-time new high. Fingers crossed!

Wishing you a safe and fun festive season.

The CoinTree team

Silly stats for the silly season

17 Dec, 2016 1 min read 3871

Happy holidays from the team at CoinTree!

Did you know that gardeners buy bitcoin more frequently than non-gardeners?

With the silly season upon us we've brought back our silly stats from last year! Each day a new light-hearted stat will be displayed on your dashboard. Not only are these stats odd and interesting, there's a little bonus in it for you too. Each time you participate you'll receive a discount off your next purchase. No catches, no gotchas. It's our little present to you.

Wishing you a safe and happy holiday season,

The CoinTree team

Announcing auth codes

27 Nov, 2016 1 min read 2635

Today we're releasing a new feature that will help keep everyone's account more secure, auth codes.

For both new and existing users, when performing some account actions such as sending bitcoin, you will now be prompted to enter an auth code. This is a unique 6 digit code that is sent to you via email or SMS depending on what security features have been activated on your account. For users with two-factor authentication enabled, this will be the code from your authenticator app.

It's a great step forward for account security. Please contact support if you have any questions.

The CoinTree team

Ensuring fast purchases are fast

30 Oct, 2016 2 min read 1481

Last week the global bitcoin network experienced an all-time high of activity. It's great to see bitcoin usage continue to increase, but for our users, last week was a time of frustration as purchases took a long time to be approved by the network.

Our team has been working hard to ensure this doesn't happen again. Today we are rolling out a system upgrade that should see purchases continue to be delivered and confirmed as quick as usual should this type of event occur again.

The focus on the system upgrade has delayed our work to enable cash deposits again. We appreciate your patience while we work on this and plan to have it available again later this week.

In other news, Zcash is an exciting new altcoin that reached 26 BTC for 1 ZEC during its first day of launch. It's been added to our ever-growing list of altcoins. If you fancy some Zcash, the Buy Altcoin page will display a price quote once the price stabilises.

The CoinTree team

BPAY purchase option removed

20 Oct, 2016 1 min read 203

At CoinTree, we are continuously monitoring the needs of our users and working on providing the best experience possible. Recently we looked at the purchase options we provide and BPAY stuck out as an odd one. While us Aussies are very familiar with BPAY, it is essentially the same as Online Banking, and usually slower, causing frustration while you wait for your deposits to arrive. It is also our least used purchase method. So today we are announcing the removal of the BPAY option.

If you have been using BPAY and think we might have overlooked a good use case for it, please let us know.

The CoinTree team

Altcoin updates

13 Oct, 2016 1 min read 738

In with the new, out with the old.

Keeping up with the latest changes in the altcoin landscape, today we have rolled out the following updates:

  • Added LBRY Credits
  • Added Maidsafe
  • Added Omni
  • Added Siacoin
  • Added Tether
  • Added Augur
  • Added SingularDTV
  • Removed DAO Tokens
  • Removed Mintcoin
  • Removed Vericoin

Happy altcoin adventuring, from all of us at CoinTree.

Track your bitcoin like you track your parcels

30 Aug, 2016 5 min read 2419

Today we are proud to announce a unique feature in the bitcoin world, track orders. Whenever you buy bitcoin, you will now be able to track the bitcoin in real-time on its journey to your account. It's just like tracking a parcel, expect better!

Bitcoin purchases go through a number of stages during its journey to your CoinTree account. While the journey is pretty quick (about 20 minutes on average), it hasn't been too clear what's going on, what stage it is at, and most importantly, when will it arrive.

With our new track order feature, at any time you can get an instant update of what stage your purchase is at. Each stage contains detailed information explaining why the stage is needed, how long the stage takes, and what the remaining stages are. We have worked hard to provide as much information as possible. All CoinTree accounts are real bitcoin wallets, so we have also taken the opportunity to explain a few simple bitcoin terms such as confirmations.

Next time you buy bitcoin, you'll receive a Track Order link in your confirmation email. You can also find a link in your Transaction Log.

We hope you enjoy tracking your bitcoin purchases. Let us know your feedback.

The CoinTree team

Faster purchases

13 Jul, 2016 1 min read 1985

We recently overhauled our purchase engine and are happy to announce purchases now complete almost twice as quickly as before. This has been in effect for a week or two now and we hope you've been enjoying the quicker purchases.

The CoinTree team

Making overseas usage easier

03 Jun, 2016 1 min read 1457

Want to buy bitcoin for an overseas purchase or send bitcoin to a friend overseas? Up until now you've had to convert the currency itself to AUD. It's doable, but tedious and prone to error.

Our new Currency Converter is a one-stop-shop for finding how much bitcoin you need to fulfil an overseas purchase or transfer. Supporting major international currencies including USD, EUR and GDP, it calculates the amount of bitcoin you need to buy or send from CoinTree to meet a target amount in a chosen foreign currency.

At the moment we support a number of major foreign currencies. Please let us know if we’re missing any that you’d like added.

The CoinTree team

Introducing a faster, more secure login option

04 May, 2016 5 min read 1203

At CoinTree we strive to keep up with the latest in security and today we have launched a new way to log in to your CoinTree account, BitID login.

BitID allows you to securely log in to your account without entering your email address or password. Simply scan the QR code on our login page with a BitID-enabled mobile app and click Confirm, and the page you scanned will automatically take you to your CoinTree dashboard. It's amazing technology and you really have to see it to believe it!

The first question you might ask is 'Is BitID Safe?'

Yes, BitID is the most secure way to log into your account. With traditional email and password login, malware poses a risk of stealing your credentials (which is why we always recommend activating two-factor authentication). With BitID, this isn't possible.

The next question might be 'How Can I Try It?'

  • Download a BitID supported app such as Mycelium or Aizbitz on your mobile device.
  • Login to you CoinTree account the normal way (email and password), and go to your Security page.
  • Complete the process to set up BitID.
  • Your mobile app is now tied to your CoinTree account.

Now the exciting part! Log out and go the log in page. Scan the QR code with your mobile app. You'll be automatically logged into your account without doing anything else.

How does this work?

It seems like magic but behind the scenes the steps are straight forward. When the QR is scanned, the mobile app encrypts a unique code using the same technology that bitcoin uses. The encrypted code is sent to CoinTree where we double-check it is valid and has come from you and only you. If everything checks out, you're logged in. All of this happens almost instantly! And because it's powered by the same technology uses, it is very secure.

We encourage everyone to try this out. You don't need any bitcoin. Download a compatible mobile app (Mycelium or Airbitz for example), set up BitID login using the Security page of your account, then login by scanning the QR code. It only takes a few moments to complete everything and you'll enable more secure and quicker logins.

Please send your feedback to our friendly support team.

The CoinTree team

Silly stats for the silly season

19 Dec, 2015 2 min read 1302

Happy holidays from the team at CoinTree!

Did you know that lefties purchase more bitcoin than right handed people?

With the silly season upon us we thought we would and a little bitcoin twist. Introducing silly stats! Each day a new light-hearted statistic will be displayed on your dashboard. Not only are these stats odd and interesting, there's a little bonus in it for you too. Each time you participate you'll receive a discount off your next purchase. No catches, no gotchas. It's our little present to you.

Wishing you a safe and happy holiday season,

The CoinTree team

New verification checks

16 Jul, 2015 2 min read 416

We have recently seen a new type of fraud where the general public has been tricked into completing bitcoin purchases of scammers. To protect everyone we have introduced a new verification measure for cash deposits. Purchases will continue to be processed as soon as we receive your deposit, and now requests to send bitcoin from your account will be queued until you provide proof that you hold the receipt.

We have looked how other exchanges are handling the issue and tried to find a balance of keeping purchases quick and easy while preventing fraud and keeping our process transparent. This measure only applies to cash deposits and the Send Bitcoin page will guide you through what to do, if you need to do anything.

Our online deposit methods have been temporarily disabled while we evaluate those.

The CoinTree team

Happy holidays

22 Dec, 2014 2 min read 187

Happy holidays from the team at CoinTree!

Leading up to the festive season we have been working on improvements to streamline our service and provide more value to you. We are going to continue working on these throughout the holiday season and partway though the new year. We are not accepting deposits until the new features are ready and we will announce an ETA once we are closer to launch.

Meanwhile, your bitcoin wallet can be used as per usual. As the only Australian service to offer bitcoin proof of solvency, you may continue to keep an eye on your balance using your blockchain explorer of choice. See our FAQ for more information. And as always, you can receive and send bitcoin without any delay.

Wishing you a safe and happy holiday season,

The CoinTree team

Pay bills with bitcoin

04 Jul, 2014 3 min read 136

At CoinTree we are always looking for ways to help you use bitcoin. Today we announce two new features that do just that - auto top-up and pay bills.

Auto Top-Up

Never worry about being low on bitcoin ever again. Turn this setting on and your balance will be topped-up every time you use bitcoin. Easy!

Pay Bills

The new 'Pay Bill' page allows you to use bitcoin to settle any common Australian bill. Simply enter your bill details, hit 'Pay' and your bill will be paid with bitcoin! And as a bonus, there are no fees for using this and if auto top-up is turned on, your bitcoin balance will be topped-up straight away.

Our team loves these new features and we hope you do too.

The CoinTree team

CoinTree is live

15 Jun, 2014 5 min read 147

Today CoinTree is available to the general public. June 15th marks a milestone in Australia's bitcoin history, where a new breed of service is born. One that cares about user experience and security above all else and is designed with you in mind.

CoinTree is the result of hard work from members of the bitcoin community. Our goals are: - Make buying bitcoin as easy and secure as possible - Remove the complexity around bitcoin and trading - Provide a service that you'll love to use

Initially we held lots of brainstorming sessions. What makes a good bitcoin site? What features are missing from other exchanges and marketplaces? How can we prove your bitcoin is safe and real? The outcome is excellent features such as: - An obligation free demo - Easy buy & sell process - A security page that makes it easy to understand how to activate advanced security features - Actual bitcoin wallets for our users so you can verify your balance at any time - Top notch security. HTTPS always and encryption on all important user information

We are very proud of CoinTree and hope you will love using it. And as always, your feedback is more than welcome.

The CoinTree team

A little something for you

01 Jun, 2014 2 min read 49

The team at CoinTree would like to thank all our beta users who provided feedback, both good and bad, during the beta. We've really built something special because of your comments and suggestions, and we wouldn't be here without you.

As a token of appreciation we've credited 1 bitcoin to every user who provided feedback during the beta. We really appreciate you taking time to help us make the site better for users like you.

Thanks again,

The CoinTree team

Preparing for launch

06 May, 2014 1 min read 14

As we shift into launch preparation, we will be closing the Invite A Friend option. Your feedback has been fantastic and any friends that miss out between now and launch will be able to join us soon enough.

Over the coming weeks you'll see design improvements, the rollout of our mobile site and additional changes based on your feedback.

We're so excited, we hope you are too!

The CoinTree team

Beta invites

08 Apr, 2014 1 min read 28

As of today you can now invite your friends to access the beta. Please use the Invite A Friend link on your Account Settings page.

We are looking forward to receiving more feedback,

The CoinTree team

Internal beta launch

23 Mar, 2014 3 min read 21

Today, we announce the launch our internal beta. The CoinTree site is fully functional and we're looking forward to hearing your thoughts and suggestions.

To help you get started, we have created an instant demo, which is designed to give you a sneak peak into the members' only area. You can make your way into this from the home page.

Once you are ready, sign up and access the members-only area yourself.

We'd like you to try everything, including buying and selling bitcoin, withdrawing funds and raising support requests. We'd especially like you to try and break the system. If you do find bugs/quirks, please contact our support team by raising a support request or emailing support@cointree.com.au.

It'll help us greatly to get this feedback, so we can ultimately give you a kick-ass website that you love.

We hope you enjoy using the site,

The CoinTree team

CoinTree is born

12 Oct, 2013 1 min read

All of us at CoinTree are working really hard to get the site up and running for all of you bitcoin enthusiasts out there! Stay tuned, we'll have some cool things to show you in a few months.

Can't wait to see you here again soon,

The CoinTree team