How to buy coins?

What are the ways to buy coins at Cointree?

We currently offer two order types to choose from when buying coins: ‘Market price’ and ‘Quoted price’.

To make a purchase, click on ‘Buy/Sell/Trade’ then the ‘Buy Coin’ tab. This will lead you to the ‘Buy Coin’ page. Here, you’ll be able to select your order and complete your purchase. 


Placing your purchase

Firstly, you’ll need to choose between a ‘Market price’ and ‘Quoted price’ order.

What’s the difference between market price and quoted price orders?

Market price orders will be successful regardless of price changes in the market, while quoted price orders will only be successful when the quoted price is available. 

 

For market price orders

To buy using the Market Price feature, please refer to the following:

Step One

Click on the ‘Market price’ box to use this order type.

Step1.PNG

Step two

Enter the amount of AUD you would like to spend on the coin.

You can see your total available balance on the right side of the ‘Amount’, under ‘Max’. In the example below, you can see that the account currently has $107.68 AUD in their account.

You will be prevented from entering a figure higher than your total available balance, you may however choose an amount that is less than your total balance.

Step2.PNG

If you would like to spend more AUD, you can deposit AUD to your account here.

Step three

Select the coin you want to buy by clicking on the provided box ‘Select a coin to buy’.

Step3.PNG

You will then be able to see and choose a coin from the list of coins available. You can even type in the coin name or symbol in the provided search box to find the coin of your choice.

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Step four (Optional)

You can enter notes for yourself to remind yourself the reason you bought the coin or what you planned to do with it. The notes could be anything! 

For example, the customer below chooses to use the note to remind them to withdraw the ADX on a certain date. 

Please note that this step is optional and you can choose to skip it by leaving it empty.

Step4.PNG

Step five

Review your buy summary to ensure that you are buying the right coin and the right amount. 

The buy summary lists the amount you’re spending - your ‘Order amount’, the fee charged by Cointree ‘Cointree fee’, and the amount of the coin you are buying.

You can then tick the “I accept the Cointree terms of service & refund policy” box and ‘Confirm’ to proceed with the purchase.

Step5.PNG

You’ll get a successful message stating “Your purchase is complete.” once your order has been executed. 

 

For quoted price orders

To buy using the Quoted Price feature, please refer to the following:

Step One

Click on the ‘Quoted price’ box to use this order type.

Step1.PNG

Step two

Enter the amount of AUD you would like to spend on the coin.

You can see your total available balance on the right side of the ‘Amount’, under ‘Max’. In the example below, you can see that the account currently has $107.68 AUD in their account.

You will be prevented from entering a figure higher than your total available balance, you may however choose an amount that is less than your total balance.

Step2.PNG

If you would like to spend more AUD, you can deposit AUD to your account here.

Step three

Select the coin you want to buy by clicking on the provided box ‘Select a coin to buy’.

Step3.PNG

You will then be able to see and choose a coin from the list of coins available. You can even type in the coin name or symbol in the provided search box to find the coin of your choice.

Step3_1_.PNG

Step four (Optional)

In addition to specifying how much you want to spend, you also have the flexibility to specify how much you want to buy. Simply put in an amount you want to purchase and the value in the ‘Amount’ field will be updated.  

For example, the customer below wishes to buy 50 ADA, so they put this in the ‘Buy’ field and the amount of AUD gets updated to $89.13 AUD, which is the price of 50 ADA at that point in time.

Step4.PNG

Step five (Optional)

You can enter notes for yourself to remind yourself the reason you bought the coin or what you planned to do with it. The notes could be anything! 

Please note that this step is optional and you can choose to skip it by leaving it empty.

Step5.PNG

Step six

Review your buy summary to ensure that you are buying the right coin and the right amount. 

The buy summary lists the amount you’re spending - your ‘Order amount’, the fee charged by Cointree ‘Cointree fee’, and the amount of the coin you are buying.

You can then tick the “I accept the Cointree terms of service & refund policy” box and ‘Confirm’ to proceed with the purchase.

Step6.PNG

You’ll get a successful message stating “Your purchase is complete.” once your order has been executed.

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