What payment methods does Cointree offer?
Here are the methods available for purchasing Bitcoin at Cointree:
1. PayID (Instant)
PayID is a simple service that makes depositing funds into your Cointree Account Fast & Easy. Most banks and financial institutions in Australia now support PayID. PayID Deposits will credit to your account instantly and you will be able to withdraw the funds straight away.
2. Online POLi Payments (Instant credit / 1 - 2 Business Days for Withdrawal)
POLi Payments is a service provided by Australia Post. It provides instant confirmation of payments to us and is the best option available for purchasing Bitcoin as quick as possible.
To use POLi Payments you must link your bank account using the Security page and perform at least one cash purchase. After that's done, and assuming your bank provides online banking and is supported, you're good to use the POLi Payments option on the Buy Bitcoin page.
Although purchases are instant, it takes the banks 1-2 business days to send the money to us. During this time, purchased Bitcoin will be in your account but unavailable to use.
As soon as we receive the payment, you will be notified that you can now use your Bitcoin.
3. Online & Mobile Banking (1 - 2 Business Days)
Purchases are completed once we receive the cleared funds in our account which can take 1 - 2 Business Days.
The reference number must be specified with your deposit in order to be processed within the above time-frames.
4. Cash Deposits (Instant)
We have recently partnered with Blueshfyt who has a network of 1,200+ retail locations around Australia. Allowing customers to scan their purchase QR codes and use cash to pay for digital goods and services. You can now use this cash payment option to make deposits into your Cointree account.