Crypto Exchange comparison
Bybit vs Cointree
The biggest practical difference between Bybit and Cointree is regulatory: Cointree is AUSTRAC-registered, Australian-incorporated and offers a full tax statement and CGT report, while Bybit is offshore, not AUSTRAC-registered, and provides no Australian tax documentation. That makes Cointree the safer bet for anyone who wants to stay on the right side of the ATO without manual spreadsheet work.
Choose
Bybit
if…
- ›You want access to derivatives, futures and margin trading that Cointree doesn't offer
- ›You trade high volumes and want the deeper liquidity and tighter spreads of a global exchange
- ›You need a desktop platform with advanced charting and a demo account to test strategies
- ›You prefer 24/7 live chat support rather than limited weekday phone hours
- ›You're comfortable managing your own crypto tax reporting and don't need an Australian tax statement
Choose
Cointree
if…
- ›You want an AUSTRAC-registered exchange incorporated in Australia with local regulatory oversight
- ›You need an Australian tax statement and built-in CGT calculator to simplify EOFY reporting
- ›You're setting up a trust or SMSF account — Cointree supports both; Bybit does not
- ›You want to deposit AUD directly via PayID or Osko with same-business-day withdrawals
- ›You're a beginner who values phone support during business hours and structured educational courses
Where they differ
| Fact | Bybit | Cointree |
|---|---|---|
| AUSTRAC registration | No | Yes |
| Australian tax statement | Not provided | Provided |
| Trust / SMSF accounts | Not supported | Both supported |
| AUD deposit methods | Third-party fiat gateways only (Banxa, MoonPay, etc.) | PayID, Osko bank transfer, cash via convenience stores |
| Desktop platform | Yes | No |
Verdict
Choose Bybit for advanced trading features; choose Cointree for Australian compliance, tax reporting and local AUD deposits.
All data points side-by-side
Every verified fact for both platforms. Differences are highlighted.
| Field | Bybit | Cointree |
|---|---|---|
| account structure | ||
| Individual account | Yes | Yes |
| Joint account | No | — |
| Company account | Yes | Yes |
| Trust account | No | Yes |
| SMSF account | No | Yes |
| Kids / minor account | No | No |
| asset coverage | ||
| Crypto trading | Yes | Yes |
| IPO access | No | No |
| costs hidden | ||
| Market data fees | $0/month | $0/month |
| Conditional order fees | $0 | $0 |
| costs visible | ||
| Monthly platform fee | $0/month | $0/month |
| Annual platform fee | $0/year | $0/year |
| Inactivity fee | $0 | $0 |
| Withdrawal fee (AUD) | — | $0 |
| identity and trust | ||
| Legal entity name | Bybit Fintech Limited | Cointree Pty Ltd |
| AUSTRAC registration | No | Yes |
| Year founded | 2,018 | 2,013 |
| Parent / ownership | Bybit Fintech Limited (privately held; founded and led by Ben Zhou) | Privately owned; founded by Shane Stevenson, led by CEO Jess Renden. Strategic minority investment from Indicia Labs Inc. (Silicon Valley) in 2020. |
| Country of incorporation | SC | AU |
| Public company status | private | private |
| money movement | ||
| Minimum initial deposit | — | $25 |
| Minimum subsequent purchase | — | $0 |
| Deposit methods | Crypto deposit, Third-party fiat gateway (debit/credit card via Banxa, Mercuryo, MoonPay), P2P trading (peer-to-peer fiat), Bybit Card top-up (where available) | PayID, Osko bank transfer, Cryptocurrency deposit, Cash via convenience stores |
| Withdrawal time | AUD bank withdrawals not supported; crypto withdrawals processed typically within minutes once approved (subject to network confirmation) | Same business day (typically within hours) via Osko/NPP |
| platform ux | ||
| iOS app | Yes | — |
| Android app | Yes | — |
| Desktop platform | Yes | No |
| Demo account | Yes | No |
| Free real-time market data | Yes | Yes |
| Free research reports | No | No |
| 2FA support | authenticator | authenticator |
| Customer support channels | 24/7 live chat, email/ticket, help center, in-app support | phone, live chat, email, help centre |
| Support hours (AU time) | 24/7 (live chat); email tickets responded in 1-3 business days | Phone and live chat: Mon-Fri 10am-2pm AEST/AEDT; email/help centre 24/7 |
| Education content | video + courses | structured courses |
| tax and reporting | ||
| Australian tax statement | No | Yes |
| CGT calculator / report | No | Yes |
| Sharesight / Navexa integration | Yes | Yes |
| trading mechanics | ||
| Market orders | Yes | Yes |
| Limit orders | Yes | Yes |
| Stop loss orders | Yes | Yes |
| Conditional orders | Yes | Yes |
| Auto-invest / DCA | Yes | Yes |
| Auto-invest sophistication | single asset | multiple |
| After-hours / overnight trading | Yes | Yes |