CoinJar Cryptocurrency Exchange Review

This CoinJar cryptocurrency exchange review will cover how to use this cryptocurrency exchange. While it offers a simple user interface, there are still enough bells and whistles for advanced traders. It provides a mobile app found on this website with no transaction fees for takers and makers. You can trade from any location, regardless of your cryptocurrency. You can also convert one cryptocurrency to another and trade as much as possible.

Founded in 2013, CoinJar is an Australian crypto exchange that focuses on the local market for investors in Australia. While it does offer some services to users worldwide, it is currently only available in Australia.

Ryan Zhou and Asher Tan are the owners in Australia. In addition, there are no other locations outside of Australia. Despite its high ranking on Trustpilot, CoinJar hasn’t won any awards yet, which means it still needs to work on its customer service.

In addition to the reputation for transparency, CoinJar offers a variety of convenient features, including the ability to transfer funds directly to bank accounts. It uses two-factor authentication for all accounts and 90% of its digital currency in cold storage wallets. Moreover, CoinJar is transparent about its processes and uses advanced machine learning to identify suspicious activity.

CoinJar Offers a mobile app

CoinJar has a mobile app that makes cryptocurrency exchange trading simple if you want to trade on the go. The platform has a low learning curve, and there are enough bells and whistles for the more seasoned trader. In addition to the mobile app, you can also access the website through a web browser. However, if you’re a newcomer to cryptocurrency trading, this app might not be the best option.

It lets you easily access all the features you need, including managing your portfolios and trading. The app also lets you manage your CoinJar Card. Although this app isn’t the most visually appealing, it’s easy to use and provides convenience. Users won’t need to download additional software to use CoinJar’s mobile app.

No fees for takers

Aside from charging no fees to both takers and sellers, CoinJar offers several ancillary services to help new and experienced traders get started.

These include the CoinJar Bundles, which ensure that your portfolio is well diversified. Another great feature is sending money from bank accounts that you have linked to CoinJar. These services make it easy for new investors to diversify their portfolios without committing to a large starter investment.

The CoinJar website also offers fiat-crypto trading. This entry-level cryptocurrency exchange accepts deposits from credit cards, bank transfers, and cash.

The website doesn’t charge a fee for promises made with credit cards. Unfortunately, this exchange only accepts GBP, EUR, USD, and GUSD. Beginners may be disappointed by CoinJar’s minimal fees, which equals a minimal total.

Spot-trading

When it comes to spotting trading on a cryptocurrency exchange, CoinJar is a great choice for both active and passive traders. This platform is easy to navigate and offers plenty of assets to meet the needs of even the most beginner trader. This exchange provides a wide variety of crypto assets and low fees for trading. Alternatively, you can also use the ‘Spot Trading’ section of the CoinJar website to place orders.

The CoinJar cryptocurrency exchange allows spot trading for both fiat and cryptocurrency. Its users can deposit fiat currencies via credit cards, bank transfers, and cash. It does not charge for deposits and withdrawals. You can make deposits in GBP, EUR, USD, or GUSD. The exchange is friendly to new investors, and you won’t have to pay a commission to deposit funds on the exchange.

Final Words

The CoinJar cryptocurrency exchange charges a dynamic fee for makers and takers of transactions. As a taker, you will be charged zero percent of your spending on your transactions. If you choose to make a transaction, however, you will be charged a fee based on the value of the transfer.

Cryptocurrency trading is giving high-level profits to investors; if you want to trade in cryptocurrencies. The fees for makers and takers will vary depending on the volume of transactions and the blockchain activity. CoinJar charges a flat fee of 1% for most cryptocurrency buy transactions.