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Fiat currencies

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Cryptocurrencies

Details

Product Name CoinJar Cryptocurrency Exchange
Fiat Currencies GBP, AUD
Cryptocurrencies BTC, ETH, LTC, XRP, XLM, ALGO, EOS, SOL, ADA, XTZ & 48 more
Deposit Methods Bank transfer
Credit card
Cryptocurrency
Debit card
Faster Payments (FPS)
Apple Pay
Google Pay
Trading Fee from 0.04%
Deposit Fees £0
Withdrawal Fees £0

Overview of CoinJar

CoinJar is an Australian-based cryptocurrency exchange that was established in 2013. It is one of the oldest crypto exchanges currently on the market. The exchange allows users to enter the world of cryptocurrency investing through a simple and beginner-friendly platform. While offering a vast range of digital assets, the platform is uncomplicated and could be the perfect starting point for inexperienced investors.
Although initially targeting those new to crypto, the exchange now also offers a range of advanced trading features, such as charting software and different order types. The exchange can be used via both desktop and mobile applications, and users can top up accounts using both card or bank transfers.

  • If this is your first exchange. You will find a beginner-friendly platform which offers a varied range of digital assets but keeps things simple.
  • If you’re switching exchanges. Coinjar has added advanced trading features along the way, so you can take advantage of different order types and charting software.

Pros and cons of CoinJar

Pros

  • Simple and easy to use platform
  • Built-in crypto wallet
  • Instant card payments
  • Crypto debit card

Cons

  • Limited services for active trading
  • Wait time for withdrawals

Verdict: Is Coinjar any good?

CoinJar’s strength lies in its simplicity and efficiency. It is a platform that inexperienced investors can use to dip their toes into the cryptocurrency industry very effectively. The built-in wallet will keep digital assets secure and the advanced charting software is available if people want to venture outside of long term investing. CoinJar’s new crypto card also provides an additional level of flexibility for those looking to spend digital assets.

While the exchange performs the simple things well, there are certain features missing that means it cannot compete with the likes of Binance or KuCoin – but it is also not aiming to. The exchange is accessible to view worldwide, but it is only available for use for those living within the United Kingdom or Australia.

So for UK or Aussie beginners – this may be the exchange for you, provided you don’t want your hand held too much. If you’re not into trading and are looking for a long term investing (hodling) platform CoinJar is perfect. For those looking to actively trade, there may be better competitors on the market.

What to know about CoinJar

Although more commonly used as a route for those looking to hodl (hold) cryptocurrencies over the long term, the exchange has now expanded to include an advanced trading platform for those looking to capitalise on short-term moves.

The regular platform offers users the opportunity to buy and sell cryptocurrencies using fiat currency reserves. Once purchased, cryptocurrencies can be stored securely on the exchange’s built-in crypto wallet and tracked using the exchange’s live market data. CoinJar now also offers users the ability to spend cryptocurrency holdings thanks to the new CoinJar Card. Alongside investing, users can access the advanced digital currency trading platform and Over-The-Counter (OTC) services.

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What’s it like to use CoinJar?

Getting started

Signing up is simple with ID verification all done through CoinJar’s mobile app.
CoinJar sign up

CoinJar Wallet

The on-platform CoinJar Wallet is a warm and friendly introduction to how a crypto wallet works.
coinjar wallet

Trade easily

You can buy or sell a range of popular cryptocurrencies directly using either fiat cash reserves or a bank credit or debit card.
coinjar trade

CoinJar card

Now live in the UK, CoinJar’s MasterCard will allow you to instantly spend your crypto online and in-store.
coinjar card

Does Coinjar have good customer support?

Customer support on the exchange is provided in the form of a detailed FAQ section. If an answer cannot be found there, a customer support representative can be contacted via a ticketing system. Response times are generally sent within 2 hours.

CoinJar now has a local UK customer support office, with support available 17 hours a day. Monday to Friday you can talk to someone between 9am and 2am, and there is also weekend coverage between 9am and 5pm.

Reports on Trustpilot are largely positive, with users reporting quick response times and swift resolutions.

If you are on the CoinJar trader plan, you will have access to a special direct line for power users. However, even they don’t have access via live chat or social media.

Support offeredWait times
“Contact us” formYesWithin 2 hours
Live chatNoN/A
Email supportNoN/A

List of services on CoinJar

At the time of writing, CoinJar has limited services in terms of trading and creating orders. But it does have some interesting additional features.

Cryptocurrency Bundles on Coinjar

For a more consumer audience, CoinJar offers crypto bundle products. Bundles are collections of the major cryptocurrencies you can buy to automatically diversify your holdings. Think of them as being a little like tracker funds in more conventional investing, where holdings can be determined by either percentages or relative values of the stakes. These add to CoinJar’s appeal for beginners, given the minimal level of thought required.

Crypto Card on Coinjar

The CoinJar Card allows users to spend cryptocurrency assets wherever Mastercard is accepted. The card automatically converts cryptocurrencies at the current conversion rate whenever a transaction is executed. For every £1 you spend you’ll earn 2 CoinJar Rewards points, which can be used to cover the cost of future trades. It supports 30 cryptocurrencies. All in-store or online purchases incur a 1% charge.

Trust rating

Signing up on CoinJar

Go through a step-by-step guide on the sign-up process, and how to pass KYC.

Compare CoinJar against other exchanges

Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply.
1 - 3 of 12
Name Product Deposit methods Fiat Currencies Cryptocurrencies
CoinJar Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, Faster Payments (FPS), Apple Pay, Google Pay
GBP, AUD

57
cryptocurrencies

CoinJar offers a simple way to buy, sell, or trade cryptocurrency with GBP. Trade from your desktop or mobile with a 1% fee and withdrawals are free to your bank account.
eToro UK Cryptoasset Investing
Debit card, Neteller, PayPal, Wire transfer, Online banking
EUR, GBP, NZD, USD, AUD, CAD, HKD, SGD, CHF, NOK & 5+ more

78
cryptocurrencies

Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Capital gains tax on profits may apply.
Koinal Cryptoasset Investing
Credit card, Debit card, China Union Pay, SEPA, Swift or Apple Pay
USD, EUR, GBP

8
cryptocurrencies

Koinal lets you buy multiple cryptocurrencies instantly with Visa or Mastercard. 24/7 support and quick verification available on desktop or mobile.
Disclaimer: Star ratings are only displayed for products with 10 or more reviews.
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Frequently asked questions

Cryptocurrencies aren't regulated in the UK and there's no protection from the Financial Ombudsman or the Financial Services Compensation Scheme. Your capital is at risk. Capital gains tax on profits may apply.

Cryptocurrencies are speculative and investing in them involves significant risks - they're highly volatile, vulnerable to hacking and sensitive to secondary activity. The value of investments can fall as well as rise and you may get back less than you invested. Past performance is no guarantee of future results. This content shouldn't be interpreted as a recommendation to invest. Before you invest, you should get advice and decide whether the potential return outweighs the risks. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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