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https://www. cointree .com/company/refund-policy
Here are the reasons for my 1 star review:
– They don't have PayID/Osko. The only instantaneous transactions they offer is POLi Payments which is insecure as it exposes account information.
– The $10 bonus that they provided cannot be used as you cannot withdraw or trade with less than $20 ($20 is the minimum you can trade/withdraw). The only way you can spend the $10 is if you deposit another $10.
– They falsely advertise their buy price when you see the buy rates for a particular cryptocurrency. It turns out that these advertised buy rates actually reflect the sell price (i.e. the highest buy limit order). The problem with this is that when you buy a cryptocurrency you actually fill out a person's lowest sell limit order (which is much higher than the price of the buy order), not the buy limit order.
Advertised buy rates for BSV:
https://www. cointree. com/buy/bitcoin-sv
Actual buy rates (only visible when signed in):
https://trade. cointree. com/trading/overview
– Their spreads are too wide. You'll get poor rates to buy and sell a cryptocurrency.
– All members can only deposit and withdrawal popular coins such as BTC, BCH and ETH. In order to withdraw other coins such BSV, you need to become a Gold tier member. By default you are a Bronze tier member. In order to become a Gold tier member you need to have a trade volume of $50,000!!!
Here's a screenshot for proof of what I am saying:
http://www. image-share. com/upload/4083/78.png
To learn more about account tiers, click here:
https://www. cointree. com/trade/fees
After purchasing BSV, and not being able to withdraw it, I had to sell it again; then purchase either BTC, BCH or ETH. From a deposit of $1,800 I ended up with $1,705.63 (a loss of $94.37) and with their poor exchange rates, even less. So I overall I lost approximately $110 from them. That's after the $10 bonus was applied.
Here's a screenshot of how much money I was left with, because of their ridiculous rules:
http://www. image-share. com/upload/4083/79.png
This exchange is appalling!!!
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it took a bit of adjusting but to be honest the service is great and they treat you very well.
had some 'issues' that are more like misunderstandings from my side but the assistance provided was on top level.
Keep it up guys!
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Been with COINTREE for 5 years now , & never had any issues.
They offer a diverse range of payment options, from B-pay, to Blueshift cash pay , Bank transfer.
They have a very long list of Crypto鈥檚. Probably hundreds of different coins on offer to BUY/ SWAP / TRADE or SELL.
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Support team tells me, management has ordered the suspension of Alt coin transfers.
Alarm bells are ringing than they say my funds are safe. Now we all know that exchange's are open to hacker's
So this tells me Cointree will guarantee my funds should this happen?
Not very happy with cointree.
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My acount
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I too am extremely disappointed with the transition to the new website. Previous website was good and easy but the new website just does not do the basics. You can Buy but you cannot send coins anywhere it just does not work. If you sell, you pay fees and the money does not go into your account. The whole platform has left a bad taste in my mouth and all their fees out of pocket. What a scam and ridiculous situation to develop from what was once a reputable company. Steer clear of the new Cointree, it will just take your money.
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When the new platform has settled and all features are available, it will probably be a very good platform. And I do agree with others that the user experience is good. But get the basics right, like logging in, and test on popular browsers.
I look forward to when it is finished, but I'm not sure my frustration will allow me to wait.
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Also some extra ways to pay instantly like cash deposit into account.
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Given it has a demo on what to expect, this in of itself was the deciding factor for me to join CoinTree.
I would like to see the cash payment option back, however this is a minor request.
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I'd recommend them for sure.
I've since been disappointed with Cointree and the delay in moving bitcoin. They restrict movement of bitcoin when using Poli till the funds have been received (1-2 days which I was aware of and didn't have an issue) But once you get a notification that the funds have arrived they fail to release the bitcoin if you then undertake a new Poli load. Neither transactions are liked and have different transaction id, however, cointree place a hold on the movement till funds clear on the second payment. So bitcoin isn't released, but charge a fast track rate. It's now 3 days and funds are still not released.
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