CoinJar Review 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- TradingView
- Many cryptocurrencies and tokens, two fiats, zero commissions for a taker and low commissions for a maker, an original affiliate program, a high level of security
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- TradingView
- Many cryptocurrencies and tokens, two fiats, zero commissions for a taker and low commissions for a maker, an original affiliate program, a high level of security
Our Evaluation of CoinJar
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
CoinJar is a cryptocurrency exchange with higher-than-average risk and the TU Overall Score of 3.41 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by CoinJar clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
The CoinJar cryptocurrency exchange offers unique terms for cooperation. Traders from all over the world are attracted by low commissions, asset variety, including two fiats, as well as the simple and convenient TradingView terminal. The proprietary application of the platform for mobile trading is available for iOS and Android-based devices. The referral program differs from similar solutions from competitors by the points system available on the site, which allows you to reduce commissions and make purchases in the digital store of the exchange. The lack of options for passive earnings can be considered the disadvantage of the platform.
Brief Look at CoinJar
The CoinJar exchange is a cross-functional platform for buying and selling cryptocurrencies. You can find here a range of pairs with Bitcoin (₿), Litecoin (Ł), Ethereum (Ξ), and other altcoins, and tokens. Fiats are represented here by the Australian dollar (AUD) and the pound sterling (£). A unique feature of the exchange is a 0% commission for a taker when trading any asset. The commission for the maker is determined by the trading volume and amounts from 0.04-0.1%. The exchange has an unusual referral program that invites a new user via an affiliate link and gives you and the invitee 500 points each. They can be used to cover commissions or in the digital store of the site. The cryptocurrency exchange doesn’t offer investment solutions or other options for earning.
- Range of cryptocurrencies and tokens are available for trading, as well as two fiats;
- all major options for depositing and withdrawing funds, including bank accounts and cards;
- an innovative multi-sig digital asset protection system;
- 90% of user funds are stored using the cold method;
- convenient trading terminal in browser and mobile applications;
- zero commissions for a taker, minimum fees for a maker;
- Comprehensive knowledge base on cryptocurrency trading.
- no investment solutions;
- demo accounts are not available;
- communication only through the site using the ticket system.
TU Expert Advice
Financial expert and analyst at Traders Union
The CoinJar cryptocurrency exchange has been operating since 2013. The company is registered in Australia and the UK where it has offices and operates under the local financial laws. The licenses are valid, the exchange works transparently, there is no evidence of tax fraud or defaults on obligations to customers.
The exchange is among the oldest and largest players in the global market and counts Blackbird Ventures, Boost VC, and the Digital Currency Group among its investors. The website offers trading with an extensive list of cryptocurrencies and tokens, pairs and two fiat currencies, which are the Australian dollar and the British pound sterling. Deposits and withdrawals are possible using almost any e-wallet and cryptocurrency wallets, bank accounts, and cards. There is no minimum deposit on the site.
The cryptocurrency exchange is known for its unique system of commissions: fees for the taker are 0%, for the maker they depend on the trading volume for the previous 30 days, but do not exceed 0.1%. The website doesn’t charge any other fees, excluding fees for internal operations and withdrawal, which are determined by the asset. There are no restrictions on trading strategies. The terminal works stably, the time of transactions is less than 1 second.
The lack of demo accounts and detailed guides for novice traders may be considered a relative disadvantage of the site, but at the same time, there is an extensive knowledge base. The exchange is focused on active trading, it doesn’t offer passive earning options, so it is not good for investors.
CoinJar Summary
| 💻 Trading platform: | TradingView |
|---|---|
| 📊 Accounts: | Standard |
| 💰 Account currency: | Cryptocurrencies, AUD, GBR |
| 💵 Replenishment / Withdrawal: | Bank cards and accounts, electronic and cryptocurrency wallets |
| 🚀 Minimum deposit: | No |
| ⚖️ Leverage: | No |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | From 0 |
| 💱 Commission: | Market |
| 🔧 Instruments: | Cryptocurrencies, currencies |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | n/a |
| ⭐ Trading features: | Many cryptocurrencies and tokens, two fiats, zero commissions for a taker and low commissions for a maker, an original affiliate program, a high level of security |
| 🎁 Contests and bonuses: | n/a |
The CoinJar cryptocurrency exchange doesn’t require a mandatory minimum deposit to start trading. Just register and verify. After that, you can use all available channels for depositing funds to replenish the account and trade, independently determining your own economic policy. Please note that the exchange doesn’t provide leverage. That is, you can only trade with your funds. Technical support on the site is implemented through a ticket system. The company does not have a call center. Also, you can contact it through the official company page on Facebook.
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Commissions & Fees
| Account type | Commission (minimum value) | Withdrawal commission |
|---|---|---|
| Standard | Up to 0.1% per application | Yes |
The system of commission fees is different for trading pairs with AUD and GBP. You can always clarify the current terms on the main page of the cryptocurrency exchange website or in the "Commissions" section.
The cryptocurrency exchange doesn’t charge commission fees for depositing funds, regardless of the deposit channel (however, a commission may be charged by third-party services that the client uses). A commission is charged for internal trading operations (for example, currency conversions), as well as for withdrawing funds. These fees are dynamic, they depend on the asset, withdrawal volume, withdrawal channel, and some other terms. The exact commission for withdrawal is displayed when withdrawing (see, the menu item "Withdrawal").
| Broker | Average commission | Level |
|---|---|---|
|
$1 | |
|
$20 | |
|
$0.1 |
Investment Programs, Available Markets, and Products of the Crypto Exchange
The CoinJar cryptocurrency exchange doesn’t offer investment solutions. Even the referral program doesn’t provide passive earnings. Clients of the exchange can only get income from active trading such as buying and selling cryptocurrencies, tokens, and fiat funds.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
CoinJar’s affiliate programs:
Each client of the exchange can get bonuses for inviting other users to the site. To do this, register and go through verification. Then follow the "Settings" on the site and select the "Invite friends and get a reward” item. You will get a unique referral link, which you can publish on the internet at any site without restrictions.
Each user who followed the referral link, registered on the exchange, and completed the verification, will become a partner (referral) of you. The partner automatically brings you 500 points. Also, the partner himself gets 500 points. These points can be used in the CoinJar digital store to buy software, or they can cover trading commissions.
You just need to conduct trades to cover trading commissions. At the time of the transaction, the option to use them to cover the commission will be available to you if you have enough points. Points can be used to cover any commissions within the site, including commissions for converting funds.
The referral program is not limited. The exchange client can invite any number of users to the site. The invited users must have the cookie option active (save files locally), otherwise, the system will not count their registration as a partner.
Pay attention to the terms of the referral program. Exchange customers cannot earn points for invited users who are not residents of Australia and the UK.
User Satisfaction