CoinJar review Australia 2025 Fees, features & more

At present, Coinjar does not explicitly exclude any particular countries, making the platform available globally. CoinJar offers an EFTPOS card that allows users more flexibility in using their crypto. It can sometimes be challenging to understand the different features and options offered by crypto platforms.

CoinJar is also registered with the FCA in the UK, ensuring compliance with stringent regulatory standards. CoinJar’s security features are on par with other popular exchanges like Binance, Bybit, and Kraken, which makes it a reliable choice for users. If you want to get involved in crypto trading, you will need a wallet to store your coins and a cryptocurrency exchange platform for buying and selling digital currencies. CoinJar can help with these needs, as the platform offers an intuitive exchange with integrated wallet functionality.

Top 5 Tools for Effective Cryptocurrency Market Analysis

This is a high‑risk investment and you should not expect to be protected if something goes wrong. To get an idea of how well companies are looking after their customers, we like to look at TrustPilot, the popular reviews platform. That means they have to follow strict rules to ensure coinjar review that your account with them is not exposed to financial crime. Unfortunately, if you buy directly with a card (e.g. a visa or mastercard), you’ll pay a 2% fee, and the same via Apple Pay and Google Pay. CoinJar is set up to make it as convenient as possible to buy crypto (and hold it too). You can deposit your money (called fiat or local currency), and within a few seconds you can have crypto in your account.

Easy for Beginners

• CoinJar is Australia’s leading cryptocurrency exchange that began in 2013, which also makes it one of the older cryptocurrency exchanges on the market.
• CoinJar’s security features are on par with other popular exchanges like Binance, Bybit, and Kraken, which makes it a reliable choice for users.
• Crypto exchange fees can significantly impact your profits, so it’s essential to understand the fee structure before selecting suitable platforms.
• CoinJar considers itself mobile-first and offers a very easy-to-use and well-designed mobile app for Android and iPhone.
• There’s a 2% debit card transaction fee for this luxury, but it’s nice that instant trading is available.
• The clean and simple UI provides users with a similar trading experience across their mobile and web application.

A clean and easy interface puts all basic trading functions into a simple way for new users to become accustomed to a basic crypto landscape. Impressively, customer support participates in the comment section on Trustpilot, in app stores, and on customer review sites to add context and direct responses. The standard in-app exchange is made simple through a flat, though expensive, 1% fee. These companies offer fraud protection through machine learning, multi-level data encryption, cold storage, segregated funds, and multi-signature wallets. While these basic parameters might appear to be lacking, additional security and insurance features are available for UK users.

However, by the company’s own admission, they are currently experiencing “extensive delays” due to a wave of new signups which has created congestion with customer response. CoinJar has no significant history of downtime due to hacks or general outages. It has a clear and transparent status area available here, which shows a 100% uptime across all functionality over the last 90 days. Do keep in mind that the CoinJar platform is custodial with CoinJar ultimately issuing permission to move and withdraw funds.

How do I withdraw money from CoinJar to bank?

You may discover not only the platform’s products and just how they function but regarding the cryptocurrency business as a whole. This is a nice combination of major cryptocurrencies, meme-coins, and lesser-known altcoins. There’s a 2% debit card transaction fee for this luxury, but it’s nice that instant trading is available.

CoinJar Exchange offers various trading pairs and allows users to trade with high liquidity and low fees. Furthermore, CoinJar implements comprehensive fraud prevention measures to protect its users. These measures include monitoring suspicious activity, automatic detection of unusual transactions, and immediate response protocols to address potential threats. This proactive approach helps ensure that user funds and data remain secure. CoinJar customers can also instantly buy crypto without making a deposit. This is done via Mastercard, Visa, Apple, or Google Pay, which will incur a 2% fee.

Coinjar Fees

CoinJar supports over 70 cryptocurrencies, but some notable assets are missing. Namely, BNB, Lido Staked Ether and Wrapped stETH, which are in the top 20 cryptos by market cap. CoinJar now also offers users the ability to spend cryptocurrency holdings thanks to the new CoinJar Card. He writes about all aspects of personal finance, including pensions, investing, mortgages and insurance. We really like the bundles feature, where you can buy a pre-packaged group of coins in one go (saving time and money in fees).

The interface is sleek, minimal, and clean, like the rest of CoinJar’s products. Although more experienced users will appreciate the CoinJar Exchange, it is still quite simple and is probably too light on features for professional traders. Not only that, but the exchange has pretty poor liquidity, so high-volume investors might need to look elsewhere. However, intermediate users can take advantage of the CoinJar Exchange’s much better fee structure (0.1% per transaction).

However, the maker's fee is 0%, which cancels out the taker's fee if it is a significant worry for traders. For digital currency trading, the taker's fee is 0.1%, and the maker's fee is 0%. CoinJar trading fees have always been debited from traders’ balances and therefore do not affect the order’s original amount. As a result, users who trade over $10 million would have to spend a trading fee of as little as 0.1%. CoinJar is one of the leading cryptocurrency exchanges in Australia.

• Customers can apply to permanently increase limits within our app, however based on your review your application has been rejected.
• The fact that OTC trading is coming to the platform is excellent news for traders with larger account balances.
• We're proud of our content and guidance, and the information we provide is objective, independent, and free.
• While these accounts can browse the website, most functions on CoinJar, like buying and selling Bitcoin, are locked until users complete ID Verification.
• CoinJar is registered for Anti Money Laundering purposes in the UK by the Financial Conduct Authority (FCA), who are the people that make sure financial companies are looking after you and your money.
• CoinJar highlights several features that cater to individual users, enhancing their experience and providing tools to manage their crypto investments efficiently.
• On top of this, most of CoinJar’s updated FAQs use pictures from the mobile app rather than the desktop platform.

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The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor. In my CoinJar review, it’s crucial to highlight that its full trading features are available only in Australia and the UK, where users can complete identity verification.

For example, Binance is based in Tokyo, Japan, while Bittrex is located in Liechtenstein. Platforms like Binance, Bybit, and Kraken offer extensive lists of supported cryptocurrencies. One potential drawback I want to discuss in my CoinJar review is the number of supported cryptocurrencies. It supports a decent number of popular coins, such as Bitcoin (BTC) and Ethereum (ETH), and a variety of ERC-20 tokens.