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
Cons
Quick Summary
| Headquarters Location | Melbourne, Australia |
|---|---|
| Fiat Currencies Supported | USD, AUD, GBP, EUR |
| Total Supported Cryptocurrencies | 68+ |
| Trading Fees | 0.02% - 0.10% |
| 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 quickly established itself as a highly esteemed digital currency exchange, boasting services tailored for new and veteran investors. CoinJar’s services are unmatched in this dynamic cryptocurrency trading market.
CoinJar, a bridge between traditional finance and the fast-evolving world of digital assets, has emerged as an influential player in the cryptocurrency ecosystem. Its steady growth demonstrates the growing mainstream acceptance of cryptocurrency assets and demand for digital financial services.
CoinJar’s efforts to enhance user experience have drawn in an eclectic user base, from those exploring cryptocurrency for the first time to experienced traders in need of sophisticated trading tools. As CoinJar continues to develop, its goal is to become more than a marketplace for digital assets; it provides a comprehensive financial ecosystem that fulfils modern investors’ multifaceted requirements.
About CoinJar
CoinJar is an Australian exchange created to simplify cryptocurrency trading. It offers users easy access to digital assets through an intuitive, user-friendly platform. Over time, its reach has grown steadily while developing a reputation for reliability and innovation in the digital currency exchange services sector.
Since its conception, CoinJar has experienced all the ups and downs of cryptocurrency markets. Their journey has been marked by various strategic expansions and updates that reflect overall digital asset industry development.
CoinJar’s ability to respond swiftly and flexibly to evolving market dynamics, regulatory landscapes, and technological advances has established it as a strong presence in the space. CoinJar has long championed democratic access to cryptocurrencies via initiatives that support multiple digital coins simultaneously and seamless entry for fiat currencies into crypto economic activity.
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 68 cryptocurrencies on their platform. This exchange currently supports 18 of the top 30 market cap cryptocurrencies.
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
- GALA
- GRT
- IMX
- INJ
- KNC
- LDO
- LINK
- LRC
- LTC
- MANA
- MATIC
- MKR
- OGN
- OMG
- OXT
- PAXG
- PEPE
- QNT
- RNDR
- RPL
- SAND
- SHIB
- SNX
- SOL
- SUI
- SUSHI
- TRX
- UMA
- UNI
- USDC
- USDP
- USDT
- WBTC
- XLM
- XRP
- XTZ
- YFI
- ZRX
Trading Experience
CoinJar makes trading intuitive and engaging, offering advanced trading features tailored to different levels of trading expertise. The user interface has been carefully designed so that navigating trades, accessing market data, and conducting transactions on various devices, such as mobile and desktop, is simple.
CoinJar’s trading experience is tailored to meet the expectations of all market participants, from those seeking simple buy/sell orders to advanced traders seeking advanced features and order types. Their commitment to providing an advanced trading platform can be seen through their consistent refinement of product features to strengthen strategic capabilities among their users.
CoinJar’s focus on mobile device compatibility makes it the perfect solution for traders who enjoy active trading on the go without compromising on options or tools available for active trading.
CoinJar Fees
CoinJar’s fee structure has been designed with transparency and competitiveness in mind. Fees are changed depending on various factors relating to each type of transaction processed by CoinJar.
Users should anticipate a fee model that aligns with industry standards, with fees applied for actions like trading and withdrawals.
Understanding the details of cost structures when engaging with crypto exchanges is vitally important to any user’s experience with them. CoinJar has tailored its fee policy to accommodate different user types, from casual traders conducting occasional transactions to those engaging in ambitious trading strategies with more significant amounts.
The fee model used on our platform aims to remain cost-efficient and sustainable, offering users a fair and transparent trading environment. Users can expect fees that consider factors influencing transaction costs, such as market liquidity and trading volume; therefore, users can anticipate an affordable fee structure with no surprises when placing trades on our platform.
| Type | Fee |
|---|---|
| Deposit Fee (Bank Transfer - Osko, PayID) | 0% |
| Deposit Fee (Credit/Debit Card) | 2% |
| Trading Fee | 0.02% - 0.10% |
| Withdrawal Fee (Bank Transfer) | 0% |
CoinJar supports a range of different cryptocurrencies with varying withdrawal fees. When looking at Bitcoin, they don't charge anything above the standard Bitcoin network fee. Across all the crypto exchanges we've reviewed, the average Bitcoin transaction fee charged is 0.000468 BTC compared to the actual network fee of 0.000161 BTC. This means you are saving 65.61% on Bitcoin transactions by using CoinJar instead of other exchanges.
CoinJar has a maker/taker fee schedule which you can see below.
| AUD, USD, EUR & GBP Trading Pairs (30-Day Trading Volume) | Taker Fee (incl. GST) | Maker/Auction Fee (incl. GST) |
|---|---|---|
| $10 – $100,000 | 0.10% | 0.10% |
| $100,000 – $1m | 0.10% | 0.08% |
| $1m – $10m | 0.08% | 0.04% |
| $10m+ | 0.06% | 0.02% |
Security - Is CoinJar Safe?
CoinJar prioritises security, employing multiple measures to safeguard user assets and transactional data. From two-factor authentication to cold storage solutions, CoinJar takes precautionary steps against potential security threats online and offline.
CoinJar stands out by adhering to stringent regulatory standards, adding another level of security for customers.
CoinJar has invested heavily in an infrastructure designed to thwart financial scams and safeguard against security threats. It uses technological solutions like advanced machine learning techniques and procedural safeguards like regular security audits and an intensive review process. CoinJar has implemented multilayered security safeguards to uphold its security credentials, which help deter fraudulent schemes while offering complete protection.
The exchange takes proactive measures to protect customer accounts and currency reserves, including SMS authentication and security cards that add extra layers of protection for login processes and outgoing cryptocurrency transactions.
CoinJar Customer Support
Support for CoinJar users is at the core of its offerings, with an experienced customer service team available 24/7 and quick to respond to queries or issues that may arise.
Users will find assistance readily available regarding digital asset trading, with multiple support channels, such as email and an extensive FAQ section.
CoinJar’s customer support stands out in its industry by adhering to an outstanding service standard and assisting with user inquiries and potential issues.
CoinJar’s product team is committed to building an engaged support system where feedback and transaction queries can be promptly addressed. Through educational resources, CoinJar empowers its users to make informed decisions – further improving customer experience while building trust within its community.
CoinJar Support Channels
How to Sign Up on CoinJar
- 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.
- Verify Account - Confirm your email, you should get an email asking you to verify your account creation.
- Transferring Funds - Once your account has been verified, you'll be able to deposit using the deposit methods listed below.
- Start Trading Crypto - That's it! You should now have everything in place to start trading.
Deposit Methods
CoinJar Alternatives
Swyftx
Total Supported Cryptocurrencies
350+
Trading Fees
0.1% - 0.60%
Fiat Currencies Supported
USD, AUD, NZD
CoinSpot
Total Supported Cryptocurrencies
441+
Trading Fees
0.10% - 1%
Fiat Currencies Supported
AUD
Binance
Total Supported Cryptocurrencies
386+
Trading Fees
0.10%
Fiat Currencies Supported
USD, GBP, CAD, EUR, NZD + 75 others
Final Thoughts
CoinJar stands out for its commitment to providing an effortless trading experience and offering solutions tailored to different crypto trading needs. Their user engagement strategy strikes an attractive balance between accessibility and business sustainability.
If you are curious about comparing CoinJar to other cryptocurrency exchanges, check out 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.
CoinJar User Reviews
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Methodology
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About The Authors
James Page, previously the lead writer at Crypto Head and a registered psychologist, brings a unique perspective to the world of blockchain and cryptocurrency.
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