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CoinJar cryptocurrency exchange review

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Both beginners and experienced traders can get the benefits of CoinJar.

  • Great for quick buys or active trading
  • Not so great for trading a wide range of coins

Check out our full list of pros and cons or read on.

1

Fiat currencies

9

Cryptocurrencies

Details

Product Name CoinJar Trading Platform
Fiat Currencies AUD
Cryptocurrencies BTC, ETH, XRP, LTC, ZEC, ZRX, BAT, DAI, USDC
Deposit Methods Blueshyft
BPAY
Cryptocurrency
NPP
Trading Fee Maker: 0.0-0.2%
Taker: 0.1-0.3%
Deposit Fees None
Withdrawal Fees None

Pros

  • Supports BTC, ETH, LTC, XRP, ZEC, USDC, DAI, BAT and ZRX
  • BTC/AUD trading pairs available on CoinJar Exchange
  • Flat 1% conversion fee
  • In-house Australian support team
  • Instant, fast and free deposits via bank transfer (PayID) and BPAY
  • Instant cash deposits via Blueshyft
  • Free withdrawals to your bank account

Cons

  • Lacks multi-signature capability
  • Not open source
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
  • Supported cryptocurrencies: 9 cryptocurrencies
  • BTC
  • ETH
  • XRP
  • LTC
  • ZEC
  • ZRX
  • BAT
  • DAI
  • USDC

Which payment methods are accepted?

  • Blueshyft
  • BPAY
  • Cryptocurrency
  • 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).

The fees below are accurate as of 31 December 2019.

CoinJar buy and sell

The buy and sell prices 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.

Payment methodFee
Cryptocurrency1%
Bank account1%
Coinjar cash account1%
BPAY Biller0.5%

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 trade0.1%0%
AUD to crypto trade tiers (AUD trade volume per 30 days)
$0 to $10,0000.3%0.2%
$10,000 to $100,0000.3%0.1%
$100,000 to $1 million0.3%0%
$1 million to $10 million0.2%0%
$10 million+0.1%0%

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 fiat1%
Loading with crypto$0
EFTPOS purchase or withdrawal$0
ATM useVaries depending on the ATM
Inactivity$0
Disputed transaction$10

Deposit fees

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

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

1-2 days

Most withdrawals will complete the next business day, but it may take longer on the bank's end.

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 continues serving Australian customers, and 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
Back to top

Compare CoinJar against other exchanges

Name Product Deposit methods Fiat Currencies Cryptocurrencies
BPAY
Cash
POLi
PayID
AUD

155
cryptocurrencies

CoinSpot is an Australian-based exchange that allows you to easily buy, sell or trade more than 100 cryptocurrencies.
Bank transfer
POLi
Osko
PayID
AUD

105
cryptocurrencies

Buy and sell a wide range of cryptocurrencies at competitive rates on this Australian exchange.
Crypto.com App
Bank transfer (ACH)
PayPal
Bank transfer (SEPA)
SWIFT
Xfers
Credit or Debit Card
TransferWise

AUD, EUR, SGD, HKD, GBP, JPY

64
cryptocurrencies

Buy 55+ cryptocurrencies at true cost, earn up to 8% p.a. on holdings, pay with your crypto for cashback at stores, get loans and more with this complete crypto-finance platform.
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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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4 Comments

  1. Default Gravatar
    Sue
    January 2, 2018

    I have yet to receive a response to my email regarding unlocking my account, very disappointed with the service.

    • Avatarfinder Customer Care
      Rench
      January 2, 2018

      Hi Sue,

      Thanks for your inquiry.
      Please note that we are not affiliated with CoinJar or any company we feature on our site and so we can only offer you general advice.

      If you are referring to your account with CoinJar, please contact their support team directly to follow up.

      CoinJar ran into a verification time snag recently as its client base expanded rapidly. The company has since tripled its support team to better streamline the verification process. Presently, verification is expected to take four to five days.

      Best regards,
      Rench

  2. Default Gravatar
    Mika
    December 23, 2017

    How much does CoinJar charge to move bitcoins to another wallet … like Bread or Copay (for example)

    • Default Gravatar
      Arnold
      December 28, 2017

      Hi Mika,

      Thanks for your inquiry

      Transfer fees will depend on the number of coins you want to transfer and where you want it to be transferred. You may want to visit CoinJar’s customer support. CoinJar customer service is available Monday to Friday from 8 AM to 6 PM, Melbourne time. You can generally receive a response within 2 hours and can contact a specialist directly from your CoinJar account.

      Hope this information helps

      Cheers,
      Arnold

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