CoinJar Review 2025: Should You Use This Exchange?

18 Jul CoinJar Review 2025: Should You Use This Exchange?

CoinJar Review 2025: Should You Use This Exchange?

Although cryptocurrencies provide anonymity, signing up for an exchange still involves giving that company some sensitive data. Therefore, it’s crucial to select a platform that you can count on to keep your data safe. The CoinJar Bundles feature is an effective tool for users interested in diversifying their portfolios. This functionality makes it easy to buy Bitcoin and other cryptocurrencies into multiple currencies simultaneously by grouping them into a single investment.

CoinJar Review: PROS

The former is renowned for its multi-signature wallets and advanced security configurations. BitGo offers institutional-grade security and custody solutions, which include comprehensive insurance policies to protect against potential losses. From its security features to innovative products, the platform has several strengths worth noting. Ultimately, the app boasts all of the same features as the main exchange (and may in fact be the superior platform).

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Continue coinjar review reading as we walk you through some of the most valuable data about the CoinJar exchange. Once done, readers will learn about CoinJar’s service charges, supported currencies, and protection mechanisms, as well as how to sign up on CoinJar and begin trading cryptocurrency appropriately. Like many other Australian crypto exchanges, CoinJar supports investors who want to invest in digital assets as part of their Super Fund. Due to standards set by the Australian government, users will need to create a Self-Managed Super Fund (SMSF) account that is separate from their account. In our CoinJar review, we found that overall CoinJar is a reliable and secure cryptocurrency exchange platform that offers a wide range of features, including a mobile app, low fees, and a rewards program. Coinjar is an Australian-based cryptocurrency exchange broker that facilitates the buying and selling of various cryptocurrencies.

However, as you read earlier in this CoinJar review, the company may limit features in some areas, so keep an eye out for updates on the expansion of their service. CoinJar currently operates from headquarters in the UK and Australia. Users in both countries have full access to the exchange’s features and can exchange crypto assets with no restrictions. If you’re in a different country, you can still access the service, but CoinJar may limit features based on the rules of your country. Entering the crypto market involves placing your trust in the platforms you use.

Deposit / withdrawal fees

Once the app is installed, though, verification should only take a couple of minutes, provided the customer has a government-issued identity document handy. There is also a flat 1% fee for ATM withdrawals and a foreign transaction fee of 2.99% – both of which are totally reasonable and comparable to traditional financial costs. Admittedly, the idea of crypto is ultimately to usurp banks with cheaper transactions, but while adoption is still low, these rates are perfectly fine. Unfortunately customer support is only available via email or a support ticket during business hours. Despite not offering live customer support, reviews of its customer service on TrustPilot are generally positive, with an average rating of 4.1 stars from over 2000 reviews.

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.

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The platform’s restrictions on fiat currency facilities for non-Australian residents and its limited selection of only five cryptocurrencies hinder its appeal. In comparison, regulated platforms like Coinbase offer a more favorable alternative. Additionally, Coinjar offers an informative guide section to provide ongoing support. This section addresses frequently asked questions, including topics such as fees, account opening, and withdrawal times.

Overall, the lack of advanced trading features is a noticeable drawback. This part of my CoinJar review shows that the exchange platform could definitely improve to cater to advanced traders. Another limitation worth noting in my CoinJar review is the absence of some advanced trading features. While CoinJar is great for crypto trading, it lacks some advanced features that more experienced traders might be looking for. For instance, some users from CoinJar review Australia said that it offers robust features and seamless integration with local banking systems.

For instance, you could buy a ‘duo’ of bitcoin and ethereum, rather than buying both bitcoin and ethereum separately. This would save you money in transaction fees, as it’s just one transaction, rather than two. Users find the advanced trading platform conducive to buy and sell activities, which speaks volumes about its design and technological framework. This seamless interface can be a game-changer, especially for those new to the crypto space, making their journey less overwhelming and more enjoyable.

• People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active.
• This is a high-risk investment, and you should not expect to be protected if something goes wrong.
• Additionally, Coinjar offers an informative guide section to provide ongoing support.
• This card costs 29 AUD to activate, but after that, each acquisition is charged just a slight ATM service charge.
• This step is crucial as it involves Know Your Customer (KYC) compliance.
• Currently, contacting customer support at CoinJar is only limited to drawing tickets.

CoinJar Card by Mastercard offers a versatile and user-friendly way to spend your cryptocurrency. If you’re reading some user CoinJar reviews in Australia or user CoinJar reviews in the UK, some might say that this card can be a game-changer for everyday crypto transactions. It is a well-known cryptocurrency exchange platform that has been around since 2013. Founded by Asher Tan and Ryan Zhou, it has built a solid reputation for being user-friendly and reliable. The exchange has roots in Australia and has since expanded its services to the United Kingdom (UK). Overall, CoinJar is a very good-looking, well-optimized cryptocurrency exchange that’s easy to navigate.

• This level of hands-on support can be a significant advantage, especially for beginners who might need more assistance navigating the platform and following local jurisdiction rules.
• In-store and online purchases incur a 1% fee, but are returned as rewards points.
• The following year, the company filed for registration in the United Kingdom under the name CoinJar UK Limited.
• Because CoinJar functions as a custodial cryptocurrency wallet and exchange, you don’t have control over the money it stores.
• The app can be downloaded free of charge on Android and iPhone devices.

So, create an account now if you want to participate in this exchange that is suitable for both novices and veterans. Lastly, save our Coinjar review because it will be helpful when you work on the platform. It is free to start, there is no monthly charge, and you can acquire CoinJar Rewards once you pay. You can also spend your cryptocurrency through Apple Pay and Google Pay on the phone and smartwatch, eliminating the use of an actual card. Tom Blake is a personal finance writer with a passion for making money online, cryptocurrency and NFTs,  investing, and the gig economy. The selection at CoinJar is limited to 64 tokens currently, but popular stablecoins and PAXG are available, as well as a good number of popular DeFi offerings like ENJ, SHIB, UNI, and BAT.

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This article was written, reviewed and fact checked by the expert team at Nuts About Money. CoinJar nonetheless has a very strong focus on platform protection, and partners with large, well established companies to hold custody of crypto in a protected manner. 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.