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CoinJar Review

Last Updated on January 31, 2024

James Headshot
Written by
Adam Headshot
Edited by
CoinJar logo
4.27
Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.
Visit CoinJar

The Bottom Line Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

CoinJar presents itself as a decent option for those looking to engage with digital currencies. With a suite of products that range from a simple wallet to an advanced trading platform, the exchange caters to a wide audience.

Its emphasis on customer support, security, and a polished trading experience makes it a platform worth considering for anyone interested in crypto transactions.

Table of Contents
Disclaimer: This is not a validation of cryptocurrency or any particular provider, service, or product. It should not be taken as advice to engage in trading or use any services. Please check our terms and conditions.

AUSTRAC Registered This exchange is registered with AUSTRAC. Digital currency exchange providers in Australia are required to be registered with AUSTRAC. This ensures they must comply with relevant AML and CTF laws or risk facing heavy penalties. You can read more about this on AUSTRAC's website. This registration should not be viewed as an official endorsement or guarantee of services.

Pros

  • User-friendly interface
  • Supports a variety of cryptocurrencies
  • Offers a mobile app for iOS and Android
  • Longest standing Australian exchange
  • Features a rewards program

Cons

  • Higher fees compared to competitors
  • Limited advanced trading features
  • Smaller range of cryptocurrencies
  • No live chat support
  • Limited information on security measures

Quick Summary

Headquarters Location Melbourne, Australia
Fiat Currencies Supported USD, AUD, GBP, EUR
Total Supported Cryptocurrencies 64+
Trading Fees 1%
Deposit Methods Bank Transfer, Debit Card, Credit Card, Cryptocurrency, Osko, PayID, Apple Pay, Google Pay, Faster Payments, Blueshyft, Google Pay, Apple Pay, EML
Support Facebook, Twitter, Instagram, Help Center Articles, Support Ticket
Mobile App Yes - iOS, Android

CoinJar has emerged as a well-regarded platform in the world of digital currencies. Offering an array of services tailored for both novice and seasoned investors, this exchange has carved out a niche for itself in the bustling market of cryptocurrency trading.

CoinJar homepage

CoinJar, standing as a bridge between traditional finance and the burgeoning world of digital assets, has become a pivotal player in the cryptocurrency landscape. The platform’s steady growth reflects the increasing mainstream acceptance of cryptocurrencies and the growing demand for digital financial services.

CoinJar’s efforts to streamline the user experience have attracted a broad user base, ranging from individuals making their first foray into crypto to experienced traders looking for refined tools. As the platform continues to evolve, it seeks to offer more than just a marketplace for digital assets by providing a comprehensive financial ecosystem that caters to the multifaceted requirements of modern investors.

About CoinJar

Established to simplify the complex world of cryptocurrencies, CoinJar provides a user-friendly interface that facilitates easy access to digital assets. This Australian exchange has expanded its reach over time, steadily building a reputation for both reliability and innovation in the digital currency exchange services sector.

Since its inception, CoinJar has navigated through the ebbs and flows of the volatile cryptocurrency market. The journey of this Australian exchange is marked by a series of strategic expansions and updates, mirroring the overall evolution of the digital asset industry.

CoinJar features

CoinJar’s ability to adapt to shifting market dynamics, regulatory landscapes, and technological advancements has positioned it as a resilient entity in the space. The exchange’s history is punctured by its efforts to democratise access to cryptocurrencies, reflected in its initiatives to support a broad array of digital coins and to provide a seamless on-ramp for fiat currencies into the crypto economy.

CoinJar has a number of active social profiles including Facebook, Twitter, Instagram, LinkedIn and YouTube.

CoinJar has a mobile app on both the Apple App Store and Google Play.

CoinJar Supported Cryptocurrencies

CoinJar supports trading on over 64 cryptocurrencies on their platform. This exchange currently supports 19 of the top 30 market cap cryptocurrencies.

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Tether USDt (USDT)
  • BNB (BNB)
  • Solana (SOL)
  • XRP (XRP)
  • USDC (USDC)
  • Cardano (ADA)
  • Dogecoin (DOGE)
  • Avalanche (AVAX)
  • Shiba Inu (SHIB)
  • Chainlink (LINK)
  • TRON (TRX)
  • Polkadot (DOT)
  • Polygon (MATIC)
  • Bitcoin Cash (BCH)
  • Toncoin (TON)
  • Uniswap (UNI)
  • Litecoin (LTC)
  • Internet Computer (ICP)
  • Dai (DAI)
  • Ethereum Classic (ETC)
  • Filecoin (FIL)
  • Cosmos (ATOM)
  • Immutable (IMX)
  • NEAR Protocol (NEAR)
  • UNUS SED LEO (LEO)
  • Aptos (APT)
  • Stacks (STX)
  • Optimism (OP)

View all cryptocurrencies CoinJar supports

  • 1INCH
  • AAVE
  • ADA
  • ALGO
  • AMP
  • APE
  • AUDIO
  • AVAX
  • AXS
  • BADGER
  • BAL
  • BAND
  • BAT
  • BICO
  • BNT
  • BTC
  • CHZ
  • COMP
  • CRV
  • CTSI
  • DAI
  • DOGE
  • DOT
  • ENJ
  • ENS
  • EOS
  • ETC
  • ETH
  • FET
  • FTM
  • GRT
  • IMX
  • INJ
  • KNC
  • LDO
  • LINK
  • LRC
  • LTC
  • MATIC
  • MIR
  • MKR
  • OGN
  • OMG
  • OXT
  • PAXG
  • PEPE
  • QNT
  • SAND
  • SHIB
  • SNX
  • SOL
  • SUSHI
  • TRX
  • UMA
  • UNI
  • USDC
  • USDP
  • USDT
  • WBTC
  • XLM
  • XRP
  • XTZ
  • YFI
  • ZRX

Trading Experience

Trading on CoinJar is both intuitive and engaging, with the platform offering a suite of advanced trading features to accommodate different levels of trading proficiency. The user interface is crafted to ensure that navigating trades, accessing important market data, and executing transactions can be done with ease on various devices, including mobile and desktop.

CoinJar’s trading experience is tailored to meet the expectations of diverse market participants, from those seeking to execute simple buy and sell orders to traders looking for advanced trading features and order types. The platform’s commitment to providing an advanced trading platform is evident in its continuous refinement of product features, aimed at enhancing the strategic capabilities of its users.

With a focus on mobile device compatibility, CoinJar caters exceptionally well to mobile trading fans who require the convenience of trading on the go, without compromising on the breadth of options and tools available for active trading.

CoinJar exchange marketing

CoinJar Fees

CoinJar’s fee structure is designed with a focus on transparency and competitiveness. The fees levied depend on several factors, including the type of transaction being processed.

Without delving into specifics, users can expect a fee model that aligns with industry standards, where costs are incurred for actions like trading and withdrawals.

Understanding the intricacies of the cost structure is essential for any user engaging with a crypto exchange. CoinJar has tailored its fee policy to accommodate the needs of different users, from the casual trader executing occasional transactions to those employing ambitious trading strategies with larger amounts.

The platform’s fee model is devised to stay competitive while ensuring the sustainability of the service. Users can anticipate a fee schema that is sensitive to the variety of factors influencing transaction costs, including market liquidity and trading volume, thus enabling a fair and transparent trading environment.

Type Fee
Deposit Fee (Bank Transfer - Osko, PayID) 0%
Deposit Fee (Credit/Debit Card) 2%
Trading Fee 1%
Withdrawal Fee (Bank Transfer) 0%

Security - Is CoinJar Safe?

CoinJar places a high premium on security, employing a variety of mechanisms to ensure that user assets and transactional data are protected. From two-factor authentication to cold storage solutions, the platform adopts contemporary security measures to safeguard against potential security threats, both online and offline.

CoinJar’s pedigree also extends to adhering strictly to regulatory standards, which bolsters its reputation for security.

To build and maintain a reputation for security, CoinJar has invested in a robust infrastructure designed to thwart financial scams and protect against security threats. Security is multi-layered, incorporating both technological solutions like advanced machine learning techniques and procedural safeguards such as regular security audits and a rigorous review process.

The exchange takes a proactive stance in preserving the integrity of customer accounts and currency reserves, implementing measures like SMS authentication and security cards, which add additional layers of protection to the login process and outgoing cryptocurrency transactions.

CoinJar Customer Support

Support for CoinJar users is a key component of the exchange’s offerings. The customer service team is responsive and adept at resolving queries and issues.

With support channels that include email and an extensive FAQ section, users can expect to find assistance readily available when navigating the complexities of digital asset trading.

In the fast-paced environment of digital currency trading, having reliable customer service is crucial. CoinJar’s customer support aims to uphold an Excellent service standard, offering assistance that spans a wide range of user inquiries and potential issues.

The product team is dedicated to fostering a responsive support ecosystem, where feedback and transaction queries are addressed promptly. Through a combination of educational resources, CoinJar fosters an environment where users are empowered to make informed decisions, enhancing the overall customer experience and fostering trust within the platform’s community.

CoinJar support

CoinJar Support Channels

  • Facebook
  • Twitter
  • Instagram
  • Live Chat
  • Help Center Articles
  • Support Ticket

How to Sign Up on CoinJar

  1. Create Account - Visit the CoinJar website and fill out the create account form. You'll need to include a valid email, set your password and type in other details like your phone number and name.
  2. Verify Account - Confirm your email, you should get an email asking you to verify your account creation.
  3. Transferring Funds - Once your account has been verified, you'll be able to deposit using the deposit methods listed below.
  4. Start Trading Crypto - That's it! You should now have everything in place to start trading.

Deposit Methods

  • Bank Transfer
  • Debit Card
  • Credit Card
  • Cryptocurrency
  • Osko
  • PayID
  • Paypal
  • Apple Pay
  • Google Pay
  • Faster Payments
  • Blueshyft
  • EML

CoinJar Alternatives

Swyftx logo

Swyftx

4.80
Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Total Supported Cryptocurrencies
327+

Trading Fees
0.35% - 0.60%

Fiat Currencies Supported
USD, AUD, NZD

Visit Swyftx
CoinSpot logo

CoinSpot

4.37
Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Total Supported Cryptocurrencies
402+

Trading Fees
0.10% - 1%

Fiat Currencies Supported
AUD

Visit CoinSpot
Binance logo

Binance

3.27
Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Total Supported Cryptocurrencies
359+

Trading Fees
0.10%

Fiat Currencies Supported
USD, GBP, CAD, EUR, NZD + 78 others

Visit Binance

Final Thoughts

Reflecting on CoinJar, it stands out for its commitment to a seamless trading experience and a spectrum of offerings that cater to diverse crypto trading needs. The exchange’s approach to fees and user engagement reflects a balance between accessibility and maintaining a robust business model.

If you’re interested in seeing how CoinJar stacks up against other crypto exchanges, view our article comparing CoinJar vs CoinSpot.

CoinJar FAQs

CoinJar, as a cryptocurrency exchange platform, implements a range of security measures aimed at protecting user funds and information. These typically include encryption, two-factor authentication, and adherence to local financial regulations.

Like any online service, ensuring the safety of your account also depends on following good personal security practices, such as using strong, unique passwords and being cautious of phishing attempts.

CoinJar, being an Australian-based cryptocurrency exchange, complies with local laws and regulations, which include cooperating with the Australian Taxation Office (ATO) when required. This means that CoinJar may report certain transaction information to the ATO to ensure compliance with tax laws.

Withdrawing funds from CoinJar is typically a straightforward process. Users can transfer their cryptocurrency to an external wallet or their fiat currency to a linked bank account through the platform’s user interface, which is designed to be user-friendly and accessible.

CoinJar primarily facilitates the digital transfer of currencies, so withdrawing cash directly from CoinJar is not the standard process. However, after withdrawing your funds to a linked bank account, you can then access your money via your bank’s cash withdrawal facilities.

CoinJar is a legal cryptocurrency exchange in Australia. It operates in compliance with Australian financial laws and regulations, and it is registered with the Australian Transaction Reports and Analysis Centre (AUSTRAC), which oversees anti-money laundering and counter-terrorism financing.

The time it takes to withdraw funds from CoinJar to a bank account can vary depending on several factors such as the type of currency, the time of the request, and the processing times of the banks involved. Typically, fiat currency withdrawals can take from one to three business days.

CoinJar operates in Australia by providing a platform for users to buy, sell, and manage their cryptocurrency portfolios. They adhere to local financial regulations and offer services tailored to Australian residents, such as BPAY deposits and support for Australian dollars, alongside their cryptocurrency offerings.

To withdraw money from CoinJar to a bank account, you first need to ensure that your bank account is linked to your CoinJar account. Then, navigate to the withdrawal section of the platform, select the amount you wish to transfer, and choose your bank account as the destination for the funds.

Follow the instructions provided to complete the withdrawal process.

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Methodology

At Crypto Head we use a rigorous research and rating process to assess each platform. Our star rating system is out of 5 stars and is designed to condense a large amount of information into an easy-to-understand format. You can read our full methodology and rating system for more details.

About The Authors

James Headshot
Written by

Crypto Technical Writer

James Page, previously the lead writer at Crypto Head and a registered psychologist, brings a unique perspective to the world of blockchain and cryptocurrency.

His extensive experience in the industry and ability to present complex concepts in an understandable manner make his articles a valuable resource for readers seeking to navigate the ever-evolving crypto landscape.

Check James out on:
Adam Headshot
Edited by

Co-Founder / Managing Editor

Adam Morris, the co-founder of Crypto Head and a respected crypto expert, offers insightful commentary and analysis on cryptocurrency, NFTs, and the evolving digital landscape.

His extensive experience and features in top-tier publications like Forbes and CNN underscore his deep understanding of the crypto world and its future potential.

Check Adam out on: