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CoinJar cryptocurrency exchange – November 2020 review

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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

Check out our full list of pros and cons or read on.

2

Fiat currencies

13

Cryptocurrencies

Details

Product Name CoinJar
Fiat Currencies AUD, GBP
Cryptocurrencies BTC, ETH, XRP, LTC, ZRX, BAT, DAI, USDC & 4+ more
Deposit Methods Blueshyft
BPAY
Cryptocurrency
PayID
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

Pros

  • Supports BTC, ETH, LTC, XRP, USDC, DAI, BAT and ZRX
  • BTC/AUD trading pairs available on CoinJar Exchange
  • Flat 1% conversion fee
  • In-house Australian support team
  • Free, instant deposits and withdrawals via PayID
  • Instant cash deposits via Blueshyft
  • Free withdrawals to your bank account

Cons

  • Lacks multi-signature capability
  • Not open source
Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Which fiat and cryptocurrencies are supported?

  • Supported fiat currencies: AUD, GBP
  • Supported cryptocurrencies: Approximately 13 cryptocurrencies

Which payment methods are accepted?

  • Blueshyft
  • BPAY
  • Cryptocurrency
  • PayID
  • NPP
Go to CoinJar's website

What’s it like to use CoinJar?

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 31 December 2019.

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 method Fee
Cryptocurrency 1%
Bank account 1%
Coinjar cash account 1%
BPAY Biller 0.5%

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.

Tier Taker fee Maker fee
Any crypto to crypto trade 0.1% 0%
AUD to crypto trade tiers (AUD trade volume per 30 days)
$0 to $10,000 0.3% 0.2%
$10,000 to $100,000 0.3% 0.1%
$100,000 to $1 million 0.3% 0%
$1 million to $10 million 0.2% 0%
$10 million+ 0.1% 0%

CoinJar Swipe

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

Action Fee
Initial card purchase or replacement $29
Activation $0
Loading with fiat 1%
Loading with crypto $0
EFTPOS purchase or withdrawal $0
ATM use Varies depending on the ATM
Inactivity $0
Disputed transaction $10

Deposit fees

Deposit Type Fee
BPAY deposit None (BPAY transfers from credit accounts may incur fees though)
NPP deposit None
Blueshyft 1.5%
Cryptocurrency None

How fast will my funds be available?

Deposits

Clock icon for transfer speed

Up to 1-2 days

Most bank transfers can complete on the next business day, 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.

How do I create an account at CoinJar?

Go to CoinJar's website
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What else do I need to know about CoinJar?

CoinJar was founded in 2013, and backed by venture capital funds. It moved its office location to the UK in 2014 but continues serving Australian customers, and is registered as a cryptocurrency service in Australia.


In a nutshell

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.

Ready to sign up?

Go to CoinJar's website
Back to top

Compare CoinJar against other exchanges

Name Product Deposit methods Fiat Currencies Cryptocurrencies
Credit card,Cryptocurrency,Debit card,Osko,PayID
USD, AUD, GBP, CAD, EUR, CNY, RUB, TRY, NGN, UAH & 40+ more

262
cryptocurrencies

Trade an extensive range of reputable coins on this world-renowned exchange, popular for its high liquidity and multi-language support.

US residents: As of September 2019, US-based users can only trade USD on the American dollar onramp of Binance, Binance.US.
UK residents: In addition to normal crypto trading services, Binance offers margin lending. As this is a regulated activity which they are not authorised to offer in the UK, we advise you not to use this service. If you're interested in margin trading, see authorised providers.
Bank transfer (ACH),Credit card,Debit card,Bank transfer (SEPA),Wire transfer
USD, EUR, GBP

27
cryptocurrencies

Buy and sell major cryptocurrencies on one of the world's most renowned cryptocurrency exchanges.
Electronic Funds Transfer,Wire transfer,Osko,PayID,Ethana Custody
USD, EUR, GBP, JPY, CAD, CHF, AUD

47
cryptocurrencies

Buy, sell and trade a range of digital currencies on this high-liquidity exchange – suitable for beginners right through to advanced traders.

UK residents: In addition to normal crypto trading, Kraken offers margin lending. As this is a regulated activity which they are not authorised to offer in the UK, we advise you not to use this service. If you're interested in margin trading, see authorised providers.
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Frequently asked questions

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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