Cryptocurrency prices

Absolutely, you can purchase crypto with Australian Dollars (AUD). You can instantaneously deposit AUD into your trading account using PayID so you can start trading cryptocurrencies right away. You can also use online and mobile banking to deposit funds, along with cash deposits. Australian traders and investors don't make crypto investing decisions thinking in USD terms, which is why you will always see the prices listed in AUD. As our local currency, the Australian dollar is the most useful currency for the majority of our users, so every asset listed on our trading platform has its price listed in AUD.

The right cryptocurrency for you depends on your investing strategy and financial goals. There are many different cryptocurrencies, including store-of-value coins like bitcoin, infrastructure blockchains like Ethereum, DeFi tokens like Uniswap, and NFT governance tokens like Axie Infinity. You can find specific information for each token by clicking on the cryptocurrency above or learn about the different types of coins in our Learning Hub. You should obtain independent advice from an Australian financial services licensee before making any financial decisions.

Digital currency has historically been a good investment for many investors, including institutions, SMSFs, and individuals. In fact, between 2011 and 2021, crypto was the best performing asset class of the decade. Even a small investment led to outsized returns for investors. As always, past performance does not guarantee future performance and we recommend you speak to an Australian financial services licensee before purchasing a digital currency.

There are many methods that traders and investors use to evaluate a cryptocurrency. Some traders look at technical indicators like Moving Averages and [Relative Strength Index (RSI)](https://www.cointree.com/learn/relative-strength-index/) to find underpriced tokens, while others focus on fundamental indicators such as Total Volume Locked (TVL) or on-chain transaction volume. Others look for trending tokens, which you can identify in our platform's portfolio section. Sometimes, people can focus on the amount it costs to buy one single token, also known as the unit price. It's important to recognise that while low unit prices can make a crypto asset more appealing to investors who would prefer to own 10,000 coins than 0.1 of a token, it doesn't inherently make the token more affordable. When evaluating a cryptocurrency, it's important to look at the entire risk and potential returns profile of a coin rather than focusing only on the unit cost.

No, you don't have to purchase an entire crypto token. Our users can buy a fraction of a cryptocurrency. That means that even if one entire bitcoin cost AU$100,000, you could still purchase AU$10 of bitcoin or less. This is possible as every bitcoin can be divided into 0.00000001 BTC. It works the same way for all of the other cryptocurrencies, like Ethereum, Avalanche and Cardano.

Yes, you can trade crypto in Australia. You can buy, sell and trade over 160 different cryptocurrencies including bitcoin, Ethereum, Cardano, Dogecoin, Ripple, Solana, and Polkadot. We recommend that you select an Australian regulated exchange to make your purchases so that you know your money and payments are secured by a trusted platform.

We provide safe and secure wallets to store your tokens. When you create an account with Cointree, you can store all of your digital currencies in your free multi-coin wallet. With two-factor authentication and our rigorous security protocols, you can protect all of your different digital assets. If you'd like to store your assets offline, you can easily send them to [hardware wallets](https://www.cointree.com/learn/best-bitcoin-wallet-australia/), such as a Ledger or Trezor. Always make sure to follow security best practices.

Yes, you will need to be ID verified with Cointree to be able to pay bills. Our verification process is really quick, you can find more information about this here.