- Home
- Cryptocurrency
- Articles
- What is CoinJar?
What is CoinJar?
CoinJar is a Melbourne-based cryptocurrency exchange platform launched in 2013 by co-founders Asher Tan and Ryan Zhou. Its audience base in the early years was limited to Australian users, but it has since expanded internationally to many different countries. It enables users to buy, sell, store, and trade over 50 different cryptocurrencies. Launched just four years after Bitcoin came into existence, CoinJar is one of the longest-running crypto exchanges globally.
Besides functioning as a cryptocurrency exchange, CoinJar offers a separate suite of services (CoinJar Clear, CoinJar Custody, and CoinJar Payout) that are designed to help businesses get started with using cryptocurrencies as a mode of finance and payment.
CoinJar features for Australians
Even though CoinJar has expanded internationally, it still delivers services tailored to the Australian audience. Payment systems popular in Australia, like PayID and Blueshyft, can be used for making payments on CoinJar. CoinJar also does not charge any fees when AUD is withdrawn from a user’s CoinJar account to their bank account.
CoinJar members can spend their cryptocurrency online and in physical stores using their CoinJar card. CoinJar says on its website that the card is free to set up, and there’s no monthly fee for using it. Eligible transactions using the card earn reward points that can be redeemed at the CoinJar Rewards Store.
Another interesting feature on the platform is CoinJar Bundles, where various cryptocurrencies are grouped together and can be purchased as a single bundle. This allows users to diversify and spread their investments over a range of cryptocurrencies rather than on individual ones. The CoinJar Universe bundle, for example, is a bundle of the top 25 cryptos on CoinJar, and this bundle can be purchased as a single entity. You can then sell the bundle as a whole or unbundle it and trade individual cryptocurrencies.
How to buy Bitcoin with CoinJar?
You need to sign up and open an account on CoinJar to buy Bitcoin or any other cryptocurrency listed on the exchange. To join CoinJar:
- Step 1: Sign up for an account on CoinJar.com or via the CoinJar app.
- Step 2: Verify your identity by providing the relevant details and documents. You can check this identity verification guide to learn about the different documents needed to open an account on CoinJar.
- Step 3: Transfer fiat currency into your CoinJar account via bank transfer, debit card, credit card, or any of the other supported payment methods.
- Step 4: You can now buy, sell, hold and trade Bitcoin or other cryptocurrencies on the platform.
Note that the CoinJar exchange could charge you a transaction fee when you use it for buying and selling cryptocurrencies. You can find more information about the fees charged by the exchange on their pricing and fees page. You could also consider comparing the fees, features and benefits offered by different cryptocurrency platforms to select one that best suits your investing style.
Compare cryptocurrency exchanges
Subscribe to our newsletter
By continuing, I accept RateCity's Privacy Policy, Terms of Use and Disclaimer.
Compare cryptocurrency exchanges
Swyftx
Cryptocurrencies available: 245
Fiat Currencies Accepted: AUD, NZD
Trading Fee: 0.6%-0% based on a rolling 30 day's trading volume
Withdrawal Fee: $0 for AUD/ Deposit's withdrawals. Network transaction fees apply while transferring coins to an external wallet
Deposit Fees: No POLi fees. No fees on cryptocurrency and PayID deposits. Credit/Debit card deposits supported (5% fee)
An Australian owned and operated digital currency exchange that allows users to sell, trade and buy Bitcoin, and over 245+ other digital assets, with low trading fees and one of the smallest spreads available.
CoinJar
Cryptocurrencies available: 57
Fiat Currencies Accepted: AUD, GBP
Trading Fee: 0%-1%
Withdrawal Fee: No fee for AUD or GBP withdrawals. Cryptocurrency withdrawal fees are based on blockchain network fees
Deposit Fees: No fees with PayID; 2% fee with credit / debit card, Apple Pay, and Google Pay
Australia's longest-running cryptocurrency exchange with over 500,000 Australian customers and a simple to use app for both iOS and Android.
Digital Surge
Cryptocurrencies available: 245
Fiat Currencies Accepted: AUD
Trading Fee: 0.1%-0.5% based on a rolling 30 day trading volume.
Withdrawal Fee: None for Australian bank accounts - Instant withdrawals through Osko/PayID.
Deposit Fees: No fees for Osko/PayID, Direct Deposit, Bank Transfers or cryptocurrency. POLi fees range from $2-$3.30.
Because simplicity makes life better. The easiest way for Australians to buy, sell & store over 245+ cryptocurrencies. Low fees, tight spreads, Aussie-based customer support & an interface that makes crypto enjoyable & easy-to-understand. Simple. Safe. Stress-free.
CoinSpot
Cryptocurrencies available: 263
Fiat Currencies Accepted: AUD
Trading Fee: 0.1% to 1% based on order type
Withdrawal Fee: None for Australian Bank Accounts
Deposit Fees: No fees for POLi, PayID, Direct Deposit and Bank Transfers. 0.9% BPAY fee, 2.5% cash fee
Australia’s most trusted exchange since 2013.
Cointree
Cryptocurrencies available: 280+
Fiat Currencies Accepted: AUD
Trading Fee: 0.05%-0.9%
Withdrawal Fee: No fee with fiat withdrawals. Cryptocurrency withdrawal fees vary.
Deposit Fees: No fee
Buy, sell, trade and pay with crypto. Simple, low fees, easy to use and trusted by 100,000+ members. Enjoy $10 BTC credit after verification with promo code: RATE10
This information does not reflect any ranking, rating, recommendation or endorsement by RateCity of cryptocurrency or any specific provider. RateCity is providing factual information supplied by providers. Not all providers or products are shown. RateCity will earn a fee from the providers displayed in the table (if a link to the provider's website is shown), and the fee levels determine placement in the table. Cryptocurrencies are speculative, complex and can involve significant risks. RateCity is not providing a recommendation for your individual circumstances.
Product database updated 29 Apr, 2024
