CoinJar CoinJar

Bitcoin exchange CoinJar, founded in Melbourne, allows users to buy, sell, store and receive the currency. Asher Tan and Ryan Zhou founded it in 2013, and it is basically a Bitcoin exchange and a wallet provider.
Go to Site
Cryptocurrencies Fiat Currencies Payment Methods Payout Methods Fees
Ethereum
Ethereum
ETH
0.02%
$3,758.94
Bitcoin
Bitcoin
BTC
0.48%
$68,967.16
Fetch.AI
Fetch.AI
FET
-2.66%
$2.26
XRP
XRP
XRP
0.56%
$0.54
Litecoin
Litecoin
LTC
-0.97%
$84.65
Quant
Quant
QNT
-0.58%
$93.41
Shiba Inu
Shiba Inu
SHIB
0.48%
$0.0000247061
0x
0x
ZRX
-0.33%
$0.57
Stellar
Stellar
XLM
-0.97%
$0.11
Uniswap
Uniswap
UNI
2.7%
$11.17
The Graph
The Graph
GRT
0.23%
$0.32
Dogecoin
Dogecoin
DOGE
4.45%
$0.17
Immutable X
Immutable X
IMX
-4%
$2.44
Fantom
Fantom
FTM
-0.72%
$0.83
Polygon
Polygon
MATIC
-0.81%
$0.74
Chainlink
Chainlink
LINK
4.16%
$17.51
Wrapped Bitcoin
Wrapped Bitcoin
WBTC
0.52%
$69,907.40
Loopring
Loopring
LRC
-3.17%
$0.27
Tezos
Tezos
XTZ
-1.05%
$0.96
Band Protocol
Band Protocol
BAND
-1.67%
$1.38
UMA
UMA
UMA
-2.23%
$3.62
Basic Attention Token
Basic Attention Token
BAT
-1.69%
$0.25

CoinJar describes itself as the “next-generation personal finance account”. During the three years that CoinJar has been functioning, it has acquired more than 70,000 customers and processed more than $100 million worth of transactions.

Cryptocurrency exchange CoinJar provides users with the ability to buy, sell, spend, and store their digital assets. A venture capital-backed company, the exchange has won multiple awards. Additionally, it includes a CoinJar Card and mobile applications. Bitcoin applications are being developed by CoinJar.

As One of the oldest digital currency exchanges in the world, CoinJar was founded in 2013. Hundreds of millions of pounds worth of transactions have been made by CoinJar’s users. A sizable exchange, the exchange holds assets worth more than £50 million. Ryan Zhou and Asher Tan are co-founders, respectively. Tan is the CEO, and Zhou is the COO.

A range of traders will be able to use CoinJar. This platform is simple to use, including the mobile application, so it’s ideal for casual traders and users of digital currencies on a regular basis. This exchange platform offers advanced features that experienced traders will appreciate.

Features that make CoinJar Exchange unique

Trading more than 49 digital currencies – CoinJar offers traders more than 49 digital currency pairs. It offers AUD and GBP fiat pairs as well.

There are multiple order types – you can choose between “Immediate or Cancel,” “Maker or Cancel,” and “Good Until Canceled.”

Analytics – View historical prices, market depth, and the live order book to gain insights into data.

Adaptability – The interface can be reordered, windows can be split, or tabs can be grouped as needed.

AUCTION WINDOWS – You have three opportunities each day to trade.

Over-the-counter trading desk – Over-the-counter trades are available for trades of over £25,000 through the OTC trading desk. Trades can be made by individuals and institutions, with rates that are competitive and settlement options that are flexible.

Access to CoinJar Trading API – Traders and institutions alike can use the CoinJar Trading API, a REST-based API. Comprehensive documentation is provided.

The CoinJar Card – This is a digital currency debit card that is being introduced in the UK and Australia shortly.

Bundles from CoinJar – Beginners who wish to diversify their portfolio can take advantage of these CoinJar offerings. There are a variety of bundles available that combine popular cryptocurrencies.

Storage of digital currencies offline – The majority of digital currencies belonging to customers are held offline for security purposes.


A Comparative Analysis of CoinJar Exchange

Positives

  • Trade at any level with features for everyone
  • Trade digital and fiat currencies over the counter
  • An exchange that has been operating for more than a decade

Negatives

  • Shorting coins is not allowed in trading
  • There are some features available in only a few markets, such as the CoinJar Card

App CoinJar

Mobile is where CoinJar excels with an easy-to-use and well-designed app for Android and iPhone. Using the application, you can perform all functions that the web version performs and track your portfolio from anywhere. A CoinJar Swipe debit card makes the application especially useful.

CoinJar offers these benefits:

  • Trading cryptocurrencies: The CoinJar app makes it simple and quick to buy and sell cryptocurrencies.
  • You can send and receive cryptocurrencies with ease:  Whether you’re sending funds to a friend across town or to a relative across the world, CoinJar lets you send and receive cryptocurrencies.
  • Helps keep track of your expenses: CoinJar allows you to keep track of all your CoinJar and CoinJar Swipe transactions within the app whether you are making a bank transfer, buying items with CoinJar Swipe, or making cash withdrawals at an ATM.
  • Keeping up-to-date: You can also receive instant price alerts via the CoinJar app, so you can make informed decisions about your trading in real time.


Fees associated with trading

Orders placed instantly

For instant buys and sells, CoinJar charges a standard 1% fee. A bit more costly than cryptocurrency exchanges directed towards professionals, but much less expensive than other easy-to-use cryptocurrency broker services. Users may also opt to use the CoinJar Exchange, which offers different fee structures and caters mostly to cryptocurrency traders.

Exchange CoinJar

Compared to other exchanges, CoinJar Exchange’s trading fees are quite competitive. CoinJar charges between 0.05% and 0.20% in trading fees between AUD and cryptocurrency pairs, based on the maker and taker fee model. There will be a 0.05% maker and 0% taker fee for trading between crypto pairs like XRP/BTC and Ethereum/BTC.

Charges for deposits

The deposit method used determines the deposit fee, as described below:

  • Payments are made faster with no fees
  • Fee-free PayID
  • With BPAY, there is no fee
  • Deposits in cash are charged a fee of 1.5%
  • No fee for crypto

Fees associated with withdrawals

Processing fees do not apply to GBP withdrawals. There is a network fee associated with cryptocurrency withdrawals every time you withdraw from the exchange, and the fee is determined solely by the amount of blockchain load.

What is the safety of CoinJar?

To ensure the safety of your funds, CoinJar employs a number of security best practices. First, CoinJar stores 90% of user funds in so-called cold wallets in order to eliminate the risk of being hacked. Cold wallets, on the other hand, are not connected to the internet.

Another 10% are stored in online wallets protected by “Multi-Sig” technology, which simply means that multiple signatories must approve the transfer before the funds leave the wallet.

Additionally, CoinJar allows for two-step authentication to be set up. Whenever you make any important transactions, a one-time code will be sent to your phone number via SMS. For a transaction to be completed, a person would also need access to your phone if they managed to get their hands on your computer.

To Summarize

A variety of features are designed to appeal to a wide range of traders on the CoinJar exchange. The mobile platform has most of the features casual traders need, whether they are beginners or just want an easy way to use digital currencies. Data insights, an auction window, a customizable platform, and low fees make this platform a top choice for serious traders. Traders with a high volume of transactions will appreciate the flexibility and competitive rates of OTC trading desks.

 

Show More Info

Customer Reviews

Sort by

Explore Alternatives

View All