CoinJar crypto platform & exchange review 2021 | Finder Ireland
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CoinJar cryptocurrency exchange review

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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 24 cryptocurrencies

Which payment methods are accepted?

  • Bank transfer
  • BPAY
  • Cash
  • Cryptocurrency
  • Osko
  • 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). Please keep in mind that the CoinJar buy/sell service is an instant way to purchase cryptocurrency, unlike the exchange in which orders are placed and then have to be filled. As such, each uses a different fee structure accordingly.

The fees below are accurate as of 24 December 2020.

CoinJar buy and sell (instant)

The buy and sell prices of cryptocurrencies 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.

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%0.05%
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%0.10%
$1 million to $10 million0.10%0.08%
$10 million+0.08%0.05%

Trade volume is updated once every 24 hours.

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 fiatSee Deposit tabe below
Loading with crypto$0
EFTPOS purchase or withdrawal$0
ATM useVaries depending on the ATM
Inactivity$0
Disputed transaction$10
Lost card$29

Converting fiat or crypto to your CoinJar Swipe account

Transfer typeFee
Between digital currency accounts1% subject to conversion rates
Between digital currency accounts and Cash Account1% subject to conversion rates
Digital currency account to Coinjar SwipeNo fee

Fiat Deposit fees

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

CoinJar bundles

CoinJar bundles make it easier to diversify and manage crypto holdings by directly purchasing cryptocurrency baskets, whose contents can be allocated proportional to amount spent or weighted by market cap. Available bundles are the Popular Duo (50/50 BTC and ETH), CoinJar Universe (market cap weighted basket of all cryptocurrencies available on CoinJar), the DeFi Bundle (market cap weighted COMP, LINK and MKR basket) and more.

Fee TypeFee
Purchasing a bundle1%
UnbundlingNone
Holding bundlesNone

How fast will my funds be available?

Deposits

Clock icon for transfer speed

Up to 1 minute

NPP and PayID transfers can take up to 1 minute. 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

Same or next day

PayID withdrawals are free and almost instant. Other withdrawal methods will often complete the next business day, but banks may spend some time processing them.

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 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
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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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