Coinjar Review: Our Experience with this Exchange

CoinJar is actively assessing other cryptocurrencies, so it’s likely that more will be added to this list in the future. Claim your profile to access Trustpilot’s free business tools and connect with customers. Disgusting when customers struggling to survive are robbed of their money, all thanks to for the chance to recover my money. Transport Layer Security is the old version of the Secure Sockets Layer many exchanges use today.

  • You can redeem points for things like exclusive discounts, gift cards, t-shirts, and socks.
  • It is not an offer to buy or sell any security, product, service or investment.
  • CoinJar Card doesn’t cost a thing, it has no monthly fees, and every time you use this card, you also get CoinJar Rewards.
  • Fiat-crypto trading is allowed on the platform, making CoinJar an entry-level exchange.
  • Bundles are collections of the major cryptocurrencies you can buy to automatically diversify your holdings.

The minimum deposit through FPS is £5, with the maximum currently standing at £10,000 per day. Through CoinJar, UK and Australian residents are able to buy, sell and store a broad range of different cryptocurrencies including Bitcoin, Ethereum and Litecoin. But at the end of the day, it’s up to you to decide which exchange best suits your needs. 600,000 users of CoinJar chose this crypto exchange for a reason.

KYC Verification

A (3.9/5) star rating may not be the very best in the industry, but it definitely paints the picture that Coinjar is a platform that is reliable. Receive the latest news about our cryptocurrency education courses, events, and guides. CoinJar is a great option for those who are just starting out with trading, thanks to its simple design and comprehensive how-to guides. If you want to jump straight into trading and begin trading Bitcoin or other popular coins within a few days, CoinJar could be a great place to start. One of the disadvantages of CoinJar is that there is no phone support or live chat option.

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Compared to other crypto exchanges in Australia, trading fees on CoinJar are quite competitive. Also, for higher volume amounts, there are trading fee discounts. For trading between crypto and fiat, CoinJar applies maker/taker fees given in the table below. Coinjar is a cryptocurrency exchangebroker that allows you to buy and sell cryptocurrencies.

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These are but a few examples of the safety measures in place to protect your crypto assets. When you log into CoinJar for the first time, you’ll need to create a CoinJar username and upload a profile picture. You must also select your country of residence and add your mobile number for verification.


Registration and verification are quick, taking just 10 minutes from start to finish for me. Once you’re in, CoinJar’s website and mobile app are simple and easy to use. Will pay the same 2% instant buy fee when using a Visa or Mastercard, but Faster Payment Service deposits are free. Like Australian clients, conversion fees are 1% and dynamic transaction fees apply to most cryptocurrencies .

EToro have a ‘CryptoPortfolio’ but although they say the portfolio is market cap based, their current BTC exposure is just 21%. Comparing the two approaches, I think it is six of one, half a dozen of the other. You can check out all the bundles available via the CoinJar mobile app or its web interface. Blueshyft allows you to instantly deposit cash into your CoinJar account from a number of locations across Australia.

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. Like many other Australian crypto exchanges, CoinJar provides support for investors who want to invest in digital assets as part of their Super Fund for retirement purposes.

Security features

Yes, according to our CoinJar Australia review, we can assume that CoinJar is an absolutely safe crypto trading platform that is registered with AUSTRAC. The CoinJar exchange platform offers a very simple trading platform that caters to the need of traders regardless of their trading experience. Its low fees on crypto pairs and the security measures employed offers is a great competitive advantage over other exchanges. As mentioned earlier the Coinjar exchange offers a newly launched crypto-to-crypto exchange known as CoinJar Exchange. The CoinJar platform also introduced a crypto-to-crypto trading platform known as the CoinJar Exchange.

is coinjar legit

As for crypto-to-crypto trading, takers fee is flat 0.10%, which is well below the global industry average, and makers are charged 0%. The fees for crypto-to-crypto trading are very advantageous and provide Coinjar with a significant competitive edge. Alternatively, UK residents are also able to purchase cryptocurrency with a credit or debit card. Up to three VISA cards or Mastercards can be linked to your account, with a maximum daily transaction limit of £10,000. CoinJar is a digital currency exchanged which was founded in May 2013 by CEO Asher Tan and COO Ryan Zhou. The company was originally founded in Australia and became a registered UK limited company in February 2014.

Aside from this, it is still one of the premier exchanges to use in Australia. CoinJar is a legit crypto exchange platform that is licensed and regulated in the United Kingdom and Australia. It is open to various government audits which confirm their nature of the business. Besides, CoinJar coinjar review has a comprehensive registration and verification process which helps protect traders from money laundering activities. CoinJar is a crypto exchange project launched in 2013 by Asher Tan , Ryan Zhou to serve Australian investors’ needs who wanted a share of the crypto markets.

CoinJar Trading Fees

Each time a user performs transactions on the exchange, Coinjar earns relative commissions. Traders can also use external crypto wallets to receive the funds. Coinjar customers may deposit cryptocurrencies directly to external wallets, much like most other exchange companies. The payment appears in their wallets after mins, depending on the network speed. Spot exchange essentially means buying and selling cryptocurrencies in real-time.

This is one area that could be improved to cater to savvy altcoin investors. Machine learning software is used to identify suspicious logins and other activities that might be indicative of fraud. It is important for all SMSF to understand the costs, risks, and regulatory nuances behind using super funds to invest in digital assets. For more information, read our Australian cryptocurrency SMSF guide. Power-up your cashback, rewards or loyalty program with CoinJar Payout. Let your customers claim Bitcoin, Ethereum and more than 50 other cryptocurrencies with simple integration and a ready-to-go API.

If you’re looking to buy Bitcoin , CoinJar’s fees seem competitive too. When I’ve tested it out on different days, I’ve paid about 1.2% in fees. Just keep in mind that the fees you’re charged might vary day-to-day.

A key benefit of CoinJar is the number of different funding methods that are available. However the payment methods which are available to you will depend on which country you are a resident of. Affiliate partners cannot pay CaptainAltcoin to guarantee favorable review or higher ratings on the website. does not offer any sort of financial or investment advice.

Let’s take an example – if you wish to make a deposit of $90,000, you can simply make one deposit of $50,000 and the second deposit of $40,000. Needs to review the security of your connection before proceeding. Note that the content on this site should not be considered investment advice. Kane holds academic qualifications in the finance and financial investigation fields. With a passion for all-things finance, he currently writes for a number of publications in the online space. You will also need to select your country of residence so that the Coinjar platform is customized for your specific location.

As an Australian based exchange, the platform primarily focuses on Australian residents. This means that if you are planning to deposit funds with fiat currency, you won’t be able to do this at Coinjar unless you are an Australian resident. CoinJar ran into a verification time snag recently as its client base expanded rapidly.

Is CoinJar Secure?

Nevertheless, if you want to proceed with your Coinjar account application, we’ve provided you with a step-by-step guide below. As with any asset, the values of digital currencies may fluctuate significantly. The traded price of digital tokens can fluctuate greatly within a short period of time. In the future, the team at Coinjar are planning to expand their user base to other countries, however at the time of writing there is no clear indication when this will be. Please read our website terms of use and privacy policy for more information about our services and our approach to privacy.