CoinJar cryptocurrency exchange – August 2021 review

Both beginners and experienced traders can get the benefits of CoinJar.

  • Great for quick buys or active trading
  • Not so great for trading a wide range of coins

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2

Fiat currencies

24

Cryptocurrencies

Details

Product Name CoinJar Cryptocurrency Exchange
Fiat Currencies AUD, GBP
Cryptocurrencies BTC, ETH, XRP, LTC, ZRX, BAT, DAI, USDC & 10+ more
Deposit Methods Blueshyft
BPAY
Cryptocurrency
NPP
Trading Fee Maker: 0.0-0.15%
Taker: 0.1-0.25%
Deposit Fees BPAY: No fee
NPP: No fee
Blusehyft: 1.5%
Coinjar users: No fee
Withdrawal Fees Free
Disclaimer: This information is not financial advice or an endorsement of cryptocurrency or any specific provider, service or offering. Cryptocurrencies are highly volatile and high risk. Do your own research and seek financial advice before buying. Please check with providers if their services are available in your state.

Which fiat and cryptocurrencies are supported?

  • Supported fiat currencies: AUD, GBP
  • Supported cryptocurrencies: Approximately 24 cryptocurrencies

Which payment methods are accepted?

  • Blueshyft
  • BPAY
  • Cryptocurrency
  • NPP

Platform trading fees

Different fees apply to different CoinJar services, with all fee amounts in AUD. The main services include CoinJar buy/sell (broker), CoinJar Exchange (the trading platform) and CoinJar Swipe (the crypto debit card).

The fees below are accurate as of March 22, 2021.

CoinJar buy and sell

The buy and sell prices are determined by the current prices on the CoinJar exchange. You will use the standing buy prices when buying crypto, and sell prices when selling.

You will be given a reference price as an indication, but your actual price may vary slightly. Whether buying or selling, the fees depend on the payment method.

Payment methodFee
Cryptocurrency1%
Bank account1%
Coinjar cash account1%
BPAY Biller0.5%

CoinJar Exchange

These are the fees for trading on CoinJar Exchange, rather than simply buying and selling. CoinJar Exchange has a tiered fee structure for AUD-to-crypto trades, and a set fee regardless of volume for crypto-to-crypto trades.

TierTaker feeMaker fee
Any crypto to crypto trade0.0%0.5%
AUD to crypto trade tiers (AUD trade volume per 30 days)
$0 to $10,0000.20%0.15%
$10,000 to $100,0000.15%0.12%
$100,000 to $1 million0.12%.10%
$1 million to $10 million0.10%0.08%
$10 million+0.08%0.05%

CoinJar Swipe

These are the fees that apply for specific actions related to the CoinJar swipe crypto debit card.

ActionFee
Initial card purchase or replacement$29
Activation$0
Loading with fiat1%
Loading with crypto$0
EFTPOS purchase or withdrawal$0
ATM useVaries depending on the ATM
Inactivity$0
Disputed transaction$10
Lost card$29

CoinJar Swipe limits

TypeLimit
Maximum daily top-up$999
Maximum daily spend$999
Maximum balance$999
Maximum transactions per day25 total, 10 ATM withdrawals

Deposit fees

Deposit TypeFee
BPAY depositNone (BPAY transfers from credit accounts may incur fees though)
NPP depositNone
Blueshyft1.5%
CryptocurrencyNone

How fast will my funds be available?

Deposits

Clock icon for transfer speed

5 minutes-2 days

Most bank transfers can complete within 5 minutes, but it may take longer where transfers are made late in the day or if it’s your first transfer.

Withdrawals

Clock icon for transfer speed

1-2 days

Most withdrawals will complete the next business day, but it may take longer on the bank’s end.

Is CoinJar safe to use?

  • Regulation. CoinJar is registered as a cryptocurrency exchange with AUSTRAC, and is a registered business in the UK.
  • Verification process. CoinJar verifies users in line with its anti-money laundering obligations.
  • Security features. CoinJar offers two factor authentication, uses a machine learning system to monitor for suspicious transactions and keeps at least 90% of customer funds in geographically diverse cold storage at any given time.

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Cryptocurrencies

BTC, BCH, BSV, ADA, DOGE, EOS, ETC, FIL, XLM, ZEC & 50+ more

Deposit method

Bank transfer (ACH), Credit card, Debit card, PayPal, Bank transfer (SEPA)

Trading fee

Fees vary

Withdraw fees

Instant Card Withdrawal: Up to 1.5% of the transaction plus a minimum of $0.55
Outgoing Wire Transfer: $25
Fees vary by location and payment method.

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Cryptocurrencies

BTC, ETH, BCH, XRP, DASH, LTC, ETC, ADA, MIOTA, XLM & 15+ more

Deposit method

Bank transfer, Credit card, Debit card, Neteller, PayPal, Online banking, Skrill

Trading fee

Fees vary. Overnight and weekend fees apply

Withdraw fees

US$5 (minimum withdrawal of US$50)

How do I create an account at CoinJar?

To get started with CoinJar:

  1. Sign up. Go to the sign up section to create an account. Enter your name and email and choose a password. Once you sign up, you’ll need to confirm your email.
  2. Get verified. Verify your identity by uploading some identification documents to CoinJar and providing information about yourself. Verification is only needed for exchanging fiat currency.
  3. Deposit funds. Deposit either cryptocurrency or dollars to your CoinJar account.
  4. Choose your services and get started. You can now take advantage of quick buys and sells, the exchange or order a CoinJar Swipe card.
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Coinjar pros and cons

Before using Coinjar, first consider its potential benefits and drawbacks.

Pros

  • Multi-feature. Between the wallet, exchange and Swipe, CoinJar lets you do much more with your crypto than a normal exchange.
  • Simple start for beginners. Crypto newcomers can get started easily.
  • Competitive exchange fees. CoinJar Exchange has highly competitive fees compared to most other exchanges.

Cons

  • Limited selection. A limited range of coins is available.
  • Fees apply. You need to be aware of the fees for different products.
  • Spreads. CoinJar pricing is based on the current spreads on its exchange, and may vary.

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Compare CoinJar against other exchanges

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Copy the trades of leading cryptocurrency investors on this unique social investment platform. Non-US residents can read our review of eToro's global site here.
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cryptocurrencies

Trade a handful of leading cryptocurrencies with this easy to use mobile app.
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Cryptocurrency
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cryptocurrencies

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A feature-rich exchange with over 700 tokens including derivatives, yield farming and lending products.
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Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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2 Comments

    Default Gravatar
    Simon
    March 19, 2018

    Can I transfer Crypto Currency coins from my CoinJar account to my Nano S Ledger external wallet?

      Avatarfinder Customer Care
      Joshua
      March 24, 2018

      Hi Simon,

      Thanks for getting in touch with finder.

      Regarding your question, the answer is yes. You can transfer your cryptocurrencies from CoinJar to Nano S Ledger. Moreover, please make sure that the digital coin you are about to send is one of the coins Nano accommodates. I highly recommend you read more about Nano S Ledger.

      To send your cryptocurrencies to Nano S Ledger, you must have the receiving address. Once you have specified the address, you can then click send and wait for your digital coins to reach your Nano S Ledger.

      I hope this helps. Should you have further questions, please don’t hesitate to reach out again.

      Have a wonderful day!

      Cheers,
      Joshua

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