CoinJar Review 2024

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Cryptocurrency exchanges and platforms provide their registered users with personalized accounts or crypto wallets to safeguard their digital assets. One such leading crypto trading platform is CoinJar that has been attracting quite a lot of people to the platform. It is a reliable platform for both beginners as well as advanced crypto trading. Like most cryptocurrency exchanges, it offers seamless conversion of fiat currency to the digital currency that attracts investors all over the world to try crypto trading.

CoinJar Summary

Official Website
Headquarters Melbourne, Victoria, Australia
Found in 2013
Native Token No
Listed Cryptocurrency Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Lumens (XLM), Algorand (ALGO), EOS (EOS) & more ERC-20 tokens
Trading Pairs 45+
Supported Fiat Currencies AUD, GBP
Supported Countries AU, UK
Minimum Deposit Cash Deposit: 1.5%, credit/debit card: 2%
Deposit Fees BPAY – No
NPP – No
Blueshyft cash – 1.5%
Instant Buy (Visa or Mastercard purchase) – 2%
Direct debit (CoinJar Bundles only) – No
Receiving digital currencies – No
Receiving digital currencies from CoinJar users – No
Transaction Fees No
Withdrawal Fees Free for bank account withdrawals
Application Yes
Customer Support Search Query Support

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In this CoinJar review, we will help traders analyze the features, benefits, pros, and cons of CoinJar so that they can acquaint themselves with the platform before signing in.

What is CoinJar?

CoinJar is an Australian-based cryptocurrency exchange platform founded in May 2013 by Asher Tan and Ryan Zhou. It has its headquarters in Melbourne, Victoria. The exchange offers an easy-to-use interface and innovative products like the crypto debit card, crypto EFTPOS card along with a secure and mobile compatible CoinJar wallet application.

The exchange mainly focuses on the Australian local crypto market and investors, it also provides limited services all across the world. There are over 400,000 registered CoinJar users with more than $1.5 billion traded in digital currencies.

CoinJar Review - CoinJar Interface

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The exchange is supported by leading investors including BlackBird Ventures, Boost VC, and Digital Currency Group to name a few. Also, apart from the traditional crypto exchange-based services, CoinJar also offers a cryptocurrency index fund that allows traders to speculate on the price movements of any four accepted cryptocurrencies with one simple investment.

How CoinJar Works?

CoinJar works just like other best crypto exchange in Australia. Australian citizens have the option to fund their account wallets via their local bank accounts. For others, funds can be deposited with any of the supported cryptocurrencies on the platform. Once the account is funded, traders can readily buy and sell any supported digital currency.

CoinJar makes money by charging transaction fees every time a trader executes a trade on the platform. Traders can also store the crypto coins in the CoinJar wallet after they buy them. They can also withdraw the coins to their private best cryptocurrency wallet or bitcoin wallet. Besides traditional brokerage services, CoinJar also allows the trading of crypto-to-crypto pairs by providing users real-time technical charts that help them in their decision-making process.

CoinJar Reviews - How CoinJar Works?

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Key Features of CoinJar

CoinJar exchange offers the following features:-

  • Simple and easy-to-use platform for beginners.
  •  Allows multiple free AUD deposit methods.
  • CoinJar Swipe crypto debit card is of great help to traders.
  • Compatible mobile trading app allows traders to trade on the go.
  • Supports deposit and withdrawals of both cryptocurrencies and fiat money.
  • Accommodates both individual and institutional traders.
  • Registered with AUSTRAC and AML.
  • High emphasis on security.
  • Fast registration process with KYC compliances.
  • Extensive knowledge base with a comprehensive library to assist traders.

CoinJar Reviews - Features

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CoinJar Review: Pros and Cons

Pros Cons
right Amongst its multiple features including a crypto wallet, exchange, and swipe, CoinJar allows traders to do much more with their crypto coins than other normal cryptocurrency exchanges. cancel Supports only a limited range of cryptocurrencies.
right A useful platform for beginner traders. cancel The pricing is based on a current spread that is subject to fluctuations.
right Competitive fee structure. cancel Customer services not approachable on weekends.
right Compatible mobile application. cancel Unable to short crypto coins.
right CoinJar Reward points allow traders to use them to offset currency exchange fees or to exchange them at the CoinJar Rewards Store. cancel Only Australian residents can withdraw and deposit fiat currency.

CoinJar Sign Up and Sign In Process

The CoinJar login process is very simple and can be done by following the steps listed below:-

CoinJar Review - Sign Up & Sign In Process

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  • Visit the official CoinJar website and click on the “Sign Up” tab at the top-right hand corner of the page, which will open the registration form.
  • Fill in the form with your first and last name, email id, and a strong password.
  • Agree to CoinJar exchange’s terms and conditions.
  • Click on “Create Account” and verify the email address by clicking on the link sent to the email address provided by the users at the time of registration.

After the user’s login to their CoinJar account for the first time, they will be required to set a username, upload their photo, enter a valid mobile number and enter their country of residence after which the primary registration process will be completed.

How to Verify Your CoinJar Account?

CoinJar does not allow users to begin trading (buy or sell) Bitcoin before they verify their trading account on the CoinJar platform. The CoinJar verification process is automated through Digital ID (Australia Post) that takes only a couple of minutes to complete.

The steps for account verification are listed below:-

  • Use the credentials that you have set to log in to the CoinJar trading account.
  • Click on the ‘Get verified now’ tab on the dashboard.
  • Select your status whether you are an Individual, Company, or an SMSF Investor.
  • Click on the ‘Verify with Digital ID’ tab.
  • Upload a government-issued ID proof (maybe a Passport or a Drivers Licence).
  • Fill in the details as in the ID document.
  • Review the information.
  • Click on the ‘Confirm’ tab followed by the ‘Submit’ tab.

What is CoinJar Swipe?

CoinJar offers a crypto debit card called the CoinJar Swipe card that allows Australian traders to spend cryptocurrencies at retail outlets in Australia that support EFTPOS. Traders can also withdraw cash at any of the ATM outlets or merchant vendors having cash-out facilities.

The CoinJar Swipe Debit Card is only available to Australian citizens; it cannot be used overseas either online or offline. It is also currently not available to UK citizens, but the CoinJar team is working with card companies to make it accessible in the UK.

How Does CoinJar Swipe Debit Card Work?

The CoinJar Swipe card works just like other debit cards with the only exception that it is a crypto debit card. There are no transaction fees, monthly fees, or activation charges with the CoinJar Debit Card. Also, there are no loading fees charged for AUD transactions, EFTPOS purchases, or withdrawals with the CoinJar debit card. The loading fee for crypto coins is levied like normal CoinJar exchange fees.

CoinJar also has fixed some limits in transactions that the cardholders are required to follow. 25 daily transactions are allowed with the card for free, beyond which each transaction will be charged a fee. The daily top-up limit is $999 and the minimum balance that should be on the card is also $999.

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Coinjar Payment Methods

After verification of accounts, users should activate two-factor authentication and SMS authentication before depositing funds into their accounts for extra security. To activate 2FA authentication users need to go to the ‘Settings’ tab and click on the ‘Enhanced Verification’ section to know more about the security settings. Once this is done, users can directly go to the “Deposit Funds” page and make the necessary deposits after which they can start trading without any restrictions.

Deposit Methods

Registered users can use the following payment methods to deposit fiat currencies to their CoinJar wallet:


This is an instant payment method that allows users to send funds for free using the PayID payment system from any supported Australian bank account. PayID systems are supported by NPP and Osko® at any time during the day 24/7.


This is yet another free payment gateway that allows registered users to buy any of the supported coins on the CoinJar platform with cash deposits. There are over 1,200 retail outlets in and around Australia that support the Blueshyft payment system. To use Blueshyft users should make a minimum cash deposit of $50 and a maximum of $5,000 in 24 hours.

Debit card/ Credit Card

CoinJar allows users to deposit funds using a debit card or a credit card (both Mastercards and VISA) to buy cryptocurrencies on the platform.

Crypto Deposits

Like most cryptocurrency exchanges, registered users on the CoinJar exchange can also deposit crypto coins directly to their unique wallet address. The processing time depends on the particular crypto coin that users are funding their wallets with. However, the amount generally reflects in their wallet within a maximum of 15-20 minutes.

CoinJar Reviews - Buy Bitcoin Instantly with Credit/Debit Card

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CoinJar Fees

CoinJar Trading Fees

There is a different fee charged by CoinJar for takers and makers. The fee for takers while executing fiat to crypto trading ranges from 0.1%-0.5% per trade depending on trading volume. While on the other hand the makers fee for the same is 0% that neutralizes the takers fee if that is a concern to traders. For crypto-to-crypto trading, takers fee is charged at a flat rate of 0.1%, and makers fee is 0%.

The trading fees are deducted from the traders’ account balances and thus do not affect the initial margin of the order placed. Users trading over a volume of $10M will have to pay a trading fee as low as 0.1%. Check the below table to charges in detail.

Trading Volume Taker Maker
$0 – $10,000 0% 0.1%
$10,000 – $100,000 0% 0.09%
$10,000 – $1m 0% 0.08%
$1m – $10m 0% 0.06%
$10m+ 0% 0.04%

However, to check the complete fee structure of Coinjar, one of the known Australian exchanges, click here.

Spot Fees

CoinJar charges a flat fee of 1% per trade for all trading assets to buy and sell cryptocurrencies instantly. If traders find this fee a little high as compared to the global industry average, they can try out other trading options at CoinJar; the platform provides more advanced options like charts and orders to suit the needs of crypto traders and professional investors.

Deposit and Withdrawal Fees

The fees for depositing fiat currencies into the CoinJar wallet depends on the payment options chosen by the traders. In case of BPAY, PAYID/NPP and crypto deposits there are no fees charged. Whereas, for cash deposits a flat fee of 1.5% is charged and for debit or credit card payments a fee of 2% is charged by CoinJar.

AUD withdrawals do not incur any processing fee whereas for international or non-AUD withdrawals a flat withdrawal fee of $20 is charged from the traders. For cryptocurrency withdrawals there is a network fee charged by the exchange which yet again depends on the blockchain load. You can check out deposit fees in the below mentioned table.

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Coinjar Deposit Fees

Moreover, you can check withdrawal fees in the below mentioned table & to know more you can check the website of CoinJar.

Coinjar Withdrawal Fees

Countries and Currencies Supported by CoinJar

You can trade cryptocurrencies (buy and sell) on CoinJar only if you are a resident of Australia or the UK. However, traders residing outside of Australia or UK can still register an account on the exchange but they can only use the exchange as an online crypto wallet for sending, receiving, or storing cryptocurrencies; they cannot trade any on the platform.

CoinJar supports about 24 cryptocurrencies including Bitcoin (BTC), Litecoin (LTC), Ripple (XRP), Ethereum (ETH), 0x Token (ZRX), Aave (AAVE), Algorand (ALGO), Chainlink (LINK), Bancor (BNT), EOS (EOS), Basic Attention Token (BAT), Curve DAO Token (CRV), Maker (MKR), Compound (COMP), Dai (DAI), Paxos Standard (PAX), Kyber Network (KNC), SushiSwap (SUSHI), OMG Network (OMG), Stellar Lumens (XLM), Uniswap (UNI), Synthetix (SNX), USD Coin (USDC) and (YFI) to name a few. CoinJar supports AUD and GBP among the fiat currencies.

Is CoinJar Safe?

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 employs robust anti-money laundering measures, two factor authentication, and a machine learning system to monitor suspicious transactions and to keep clients funds safe.

The platform employs the following security mechanisms:

CoinJar - A Secure Platform

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Website Security

CoinJar uses multiple strategies like data encryption, TSL (Transport Layer Security), conducts regular security audits and various other advanced machine learning techniques (MLTs) to recognize fishy logins, financial frauds and account takeovers.

Wallet Security

CoinJar wallet uses a cold storage to store at least 90% of their customers’ funds. The hardware wallets are stored offline only in geographically-redundant locations.


CoinJar has 2 types of two-factor authentication- Authenticator app and SMS authentication. An Authenticator app is installed on a client’s mobile device that operates by generating a new authentication code after every 30 seconds. As soon as a trader links the app to his CoinJar account, he can use the code to complete the account login process. The app is fully encrypted and can be used by anyone with a good internet connection.

On the other hand, SMS are not encrypted by phone providers, and thus are susceptible to security threats like interception or port forwarding. SMS authentication operates by receiving an SMS on the client’s mobile device whenever CoinJar requires authentication. All they need to do is enter the code sent to them via SMS.

CoinJar Review: Customer Support

CoinJar has a comprehensive customer support section where traders can browse through the FAQs, or submit a ticket for any assistance related to services like account and identity verification, depositing funds via a bank transfer, sending crypto payments and a lot more.

The customer support team only works from Monday to Friday, between 8am to 6pm, Melbourne time. This is a drawback if the traders are not based in Australia, as they might be required to contact the customer service team during odd hours.

CoinJar Customer Service Desk

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If the traders subscribe to the CoinJar trader plan, then they can easily access customer care phone numbers. However, in most cases the traders can only contact the team via the support ticket service.

CoinJar Review: Conclusion

In our opinion, the best crypto exchanges depend on each individual’s choice. CoinJar seems to be a decent option for UK and Australian citizens. It attracts investors with its simple layout that is easy to use and thus perfect for beginners who want to quickly trade (buy and sell) Bitcoin (BTC) and other leading cryptocurrencies. Thus, if you are looking to buy Bitcoin (BTC), CoinJar is a reliable platform with competitive fees.


How Good is CoinJar?

As per the Coinjar review, It is an easy-to-use cryptocurrency exchange platform developed mainly for beginners to enjoy easy crypto trading (buy and sell bitcoin and other popular cryptocurrencies) at competitive trading fees.

Is CoinJar Australian?

CoinJar was established in 2013 in Australia and there is no other information available about any other location where CoinJar is headquartered. Therefore, it can be assumed that CoinJar is an Australian exchange.

Can You Buy Bitcoin on CoinJar?


Yes, traders can buy Bitcoin on CoinJar either by fiat currencies or by cash.

Is CoinJar A Safe Wallet?

Yes, CoinJar Australia offers a safe cryptocurrency wallet that can be used to store crypto coins until they are ready to be sold for a profit at proper time. The wallet ensures ‘bank-like’ security features to keep client funds and personal information safe. Approximately 90% of clients’ funds are stored in offline crypto wallets located at secure locations.

CoinJar protects its clients’ information using a double layer of security measures that include 2FA authentication, data encryption, Transport Layer Security (TLS), and by conducting regular security audits.

Does CoinJar Have A Mobile App?

Yes, CoinJar Australia has a mobile app that is compatible with both Android and iPhone devices. The mobile app goes concurrent with the mobile wallet. Users can download the app free of charge on App Store or Google Play Store.

The interface of the mobile app is the same as its desktop version and all the operations can be executed instantly from the app. There is also another app called ‘CoinJar Touch’ that can be used for instant money transfers; however, this app too is accessible only by the Australian citizens.

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