CoinJar Review
Our verdict
A respected worldwide exchange comes to the US with robust security features and ease of entry for beginners — but it’s only available in 20 states.
CoinJar is best suited for beginner-friendly crypto investing thanks to its low $20 minimum purchase, unique Bundles feature for instant portfolio diversification and flat 1% buy fee on CoinJar and 0%-0.1% fee on CoinJar Exchange. It stands out for its strong security record and has operated since 2013 without any hacks, breaches or lawsuits. Plus, its robust educational resources and account lock feature may provide added peace of mind for cautious traders. However, it’s only available in 20 states, supports USD as the sole fiat currency and lacks advanced tools like derivatives trading, copy trading or bot support. Advanced traders and those outside its service area may need to look elsewhere.
Pros
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Robust security and educational features
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No history of hacks, breaches or lawsuits
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Multiple personal and business plans available
Cons
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USD only fiat currency available
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Limited advanced trading features
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Only available in 20 states
Details
Product details
| Product Name | CoinJar |
| Fiat Currencies | USD |
| Cryptocurrencies | BTC, ETH, USDT, SOL, USDC, XRP, DOGE & 60 more |
| Deposit Methods |
Bank transfer (ACH) Wire transfer |
| Trading Fee | Trading: 1%Spread: 0.1%–0.35% |
| Deposit Fees |
Debit/Credit Card Transactions: N/A Bank transfer: No fees Google Pay: N/A Wire Transfer: $10 |
| Withdrawal Fees |
Debit/Credit Card Transactions: N/A Cryptocurrency: N/A Bank transfer: No fees Google Pay: N/A Wire transfer: $20 |
CoinJar is best for beginners concerned about security
CoinJar is one of the few exchanges we’ve reviewed with no history of hacks, breaches or lawsuits, even with a worldwide presence. On its site, it provides a robust educational center to help beginners understand how to invest in crypto.
Even more, CoinJar offers a feature called Bundles, where users can purchase a collection of pre-chosen coins in a single transaction, taking out some of the guesswork for newcomers to crypto. Plus, with CoinJar’s Recurring Buy, you can automate crypto purchases weekly, biweekly or monthly through ACH, making it easier to grow your portfolio over time with minimal effort from you.
CoinJar’s plans
Besides its standard account, CoinJar offers two advanced accounts: CoinJar Exchange for regular users and CoinJar for Institutions.
CoinJar Exchange
Anyone with a verified, standard CoinJar account can join CoinJar Exchange for free, and there are multiple upgradeable accounts within the exchange.
While the standard CoinJar account acts as a market maker, CoinJar Exchange runs on an open order book. This setup means the price of the cryptocurrency you’re trading depends on the current buy and sell orders placed by other market participants.
Fees run as low as 0% to 0.1%, up to 10x lower than its standard rates. Plus, you can place market orders and limit orders and view the order book.
CoinJar for Institutions
CoinJar for Institutions provides crypto solutions for companies, market makers and finance professionals. Its suite of products includes:
- CoinJar Exchange, which provides 0%–0.1% taker fees, easy-to-use APIs and one of the world’s fastest trading engines.
- CoinJar Clear, which lets businesses integrate fast, secure crypto market access directly into their own interface.
- CoinJar OTC, which delivers concierge service and competitive over-the-counter pricing through a rapid-response trading desk.
What we like about CoinJar
There’s a lot to like about CoinJar, including some unique features.
CoinJar Bundles
A unique feature we haven’t come across before, CoinJar offers something it calls Bundles, where users can purchase a selection of pre-chosen coins. Some of these Bundles include the Popular Trio (BTC, ETH and XRP), the Stable Bundle (PAX, DAI, USDC and USDT) and the Memecoin Bundle (DOGE, SHIB, PEPE, TRUMP, BONK and WIF).
These bundles use cap-adjusted allocation, meaning high-market-cap cryptocurrencies make up a 25% portion or less of your purchase. This can help diversify your portfolio and potentially mitigate some of the risk while investing in crypto.
Accessibility and transparency
Besides Bundles, CoinJar provides other ways to make buying Bitcoin and other crypto easier for beginners. Its fee structure is relatively transparent and straightforward, charging a 1% flat fee for most transactions. Plus, your minimum buy-in is just $20.
It also offers a Recurring Buy feature. Ideal for dollar-cost averaging (DCA), this tool lets you schedule automatic purchases of your chosen cryptocurrencies. You can set the amount and frequency to match your strategy, helping to smooth out market volatility and grow your portfolio over time.
Lock account feature
If you’ve ever lost your credit card, you know the relief and convenience of being able to freeze your account right from your phone. A newer feature to the exchange, CoinJar offers the same ability to lock your account if it becomes compromised. Simply visit the Help & Support tabs on the site or in your mobile app, answer the security questions and confirm. The lock is instant.
Where CoinJar falls short
While CoinJar is a promising new exchange in the US with a solid history elsewhere, it does have a few drawbacks to keep in mind.
Limited state availability
While CoinJar just launched in the US, it’s currently only available in 20 states and none of the US territories. Only users in the following locations can use the platform:
- California
- Hawaii
- Illinois
- Indiana
- Kansas
- Michigan
- Mississippi
- Missouri
- Montana
- Nebraska
- New Hampshire
- New Jersey
- Oklahama
- South Carolina
- Tenessee
- Utah
- Virginia
- West Virginia
- Wiscosin
- Wyoming
However, CoinJar just launched in the US in July 2025, and it says it will be expanding and adding more states soon.
Mediocre mobile app reviews
CoinJar scores a lukewarm 3.5 out of 5 stars from Android users and a slightly better 4.0 out of 5 stars from iOS users. Most complaints center around difficulty withdrawing funds and closed or frozen accounts. Many crypto traders value mobile-first experiences and the ability to trade on the go, so these ratings might give some users pause.
To compare, Uphold scores 4.5 out of 5 stars on Android and 4.7 on iOS.
Lacking some advanced features
CoinJar doesn’t support derivatives trading, which limits options for experienced traders who want to hedge risk, speculate on price movements or use leverage to amplify potential returns. Crypto exchange Kraken recently added this feature to its lineup.
While CoinJar provides extensive educational resources, it doesn’t offer copy trading or support for trading bots, like eToro does. These tools can give beginners practical, hands-on experience and help them develop skills more quickly.
Is CoinJar legit?
CoinJar is a legitimate crypto exchange and is registered as a Money Services Business (MSB) with the Financial Crimes Enforcement Network (FinCEN). It employs multi-level data encryption, regular audits and institutional-grade security to protect its customer accounts.
Though new to the US, it is a long-running exchange in other parts of the world, operating with no downtime since 2013. It also provides educational resources on its website, including ways to tell if a message or email from CoinJar is legit.
Worldwide, it has had no reported hacks or security breaches since its inception over twelve years ago. There aren’t any records of lawsuits against the exchange, either. In our history of reviewing crypto platforms, this is a rare find.
However, as with any platform, some customers report falling victim to fraudsters pretending to be CoinJar representatives and losing their crypto assets. Always verify that any email or message you receive comes directly from CoinJar.
Listed CoinJar crypto exchange assets
CoinJar offers 60+ cryptocurrencies to invest in, including popular coins like DOGE, XRP and more. However, it is missing a few favorites, such as BNB and Hyperliquid.
Popular assets on CoinJar
- Bitcoin (BTC)
- Ethereum (ETH)
- XRP (XRP)
- Tether (USDT)
- Solana (SOL)
- Litecoin (LTC)
- USDC (USDC)
- Dogecoin (DOGE)
- Tron (TRX)
- Avalanche (AVAX)
- Cardano (ADA)
- Chainlink (LINK)
- Stellar (XLM)
- Sui (SUI)
- BNB (BNB)
- Bitcoin Cash (BCH)
- Hedera (HBAR)
- Hyperliquid (HYPE)
- Ethena USDe (USDe)
- Toncoin (TON)
How to sign up for CoinJar
Signing up for CoinJar only takes a few minutes, but the Know Your Customer (KYC) process may take a few days to verify your identity. FinCEN requires crypto exchanges to use the KYC process to help combat money laundering, fraud and other financial crimes.
- Download the app or visit CoinJar’s site and select the Join CoinJar button in the top right corner.
- Enter the requested information, including your name, location and other personal details.
- Wait to receive an activation link sent to your email. Open the link to verify your account.
- Log in to your account and complete the KYC process. CoinJar may request documentation to verify your identity, including your passport, driver’s license or other government-issued photo ID. In rare cases, you may be asked for additional documentation, such as your pay stub or recent bank statement.
- Fund your account via ACH or wire transfer.
Once your account has been funded, you can buy crypto. CoinJar’s site says that accounts funded through ACH can buy crypto instantly.
Customer experience
| Trustpilot score | 3.5 out of 5 stars, based on 2,458 customer reviews |
|---|---|
| App Store Score | 4 out of 5 stars, based on 111 customer reviews |
| Google Play Score | 3.5 out of 5 stars, based on 2,100 customer reviews |
| Customer reviews verified as of | 19 August 2025 |
CoinJar does not have a Better Business Bureau (BBB) page. On Trustpilot, it earns 3.5 stars out of 5. Most positive reviews highlight prompt customer service and quick resolution of issues, which is good to see since it doesn’t offer phone support or live chat. Negative reviews complain of frozen accounts, slow transaction times and trouble withdrawing funds.
Compare CoinJar to other platforms
Compare similar platforms by available asset types, trade fees and minimum deposit requirements. Select Go to site to sign up for an account.
Frequently asked questions
How much does CoinJar charge?
CoinJar charges a flat 1% fee on instant buys, recurring buys and converting currencies. On CoinJar Exchange, maker fees range from 0% to 0.1%, and taker fees range from 0.001% to 0.1%, depending on the transaction size.
How long does a CoinJar withdrawal take?
CoinJar typically withdraws the funds and completes the transaction within one to three days. Then, it may take your bank an extra one to three days in processing time. However, several customer reviews complain of the process taking weeks or even longer.
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.
Your reviews
Holly Finder
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