Cryptocurrency Exchange in Australia & the UK

Enhanced Verification requires additional documentation and is required for higher transaction limits. This level of verification allows you to trade larger volumes of cryptocurrencies and use additional payment methods. Standard Verification requires you to provide your personal information and upload a copy of your government-issued ID.

  • Digital assets are risky, check out the Risk Disclosure Document on your platform of choice for more details and consider getting advice from a professional.
  • This data is subject to change as spreads and prices change daily.
  • Dylan Matthews is the Co-Founder and head of operations at Buy Bitcoin Bank, with a background in engineering and experience as a Prop Trader.
  • Gemini is one of the oldest crypto exchanges that is still holding firm in modern times.

The CoinJar iOS and Android app is one of the most popular cryptocurrency trading apps in Australia. Their mobile app allows you to buy, sell and trade crypto on the go through their sleek user interface. You can also instantly buy digital assets with a Visa or Mastercard through the CoinJar App. Here at RankFi, we’ve compared and reviewed over 50 cryptocurrency exchanges. We put CoinJar to the test to see how it stacks up to the competition when it comes to fees, altcoins, security, and more. You can easily buy cryptocurrency on any exchange, including CoinJar Exchange, and withdraw it to your own private account to bypass a CoinJar digital currency account completely.

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There is currently no option to buy crypto with another crypto, CoinJar only offers buying and selling with fiat currencies. This enables you to access your digital currency anywhere and any time so you can stay ahead of the curve. We can also see that you have left this review at the same time as you have contacted our support team for the first time.

CoinJar is one of the longest-running exchanges on the planet, operating with no downtime since 2013. We’re backed by some of the world’s top investors and are fully registered and compliant with AUSTRAC and the Financial Conduct Authority UK . Once your verification is complete, you will be able to access all of CoinJar’s features and services. To start using CoinJar, users need to sign up for an account by providing their name, email address, and a password. Once registered, users can verify their identity by submitting their personal information and completing a KYC process. Our support team has included a link to our knowledge base article with step by step instructions on how to do this.

coinjar review

Im still relatively new to crypto but building experience with many different systems now. What i have found with coinjar is that their support staff are very friendly and helpful-however… I know they are busy but they urgently need to staff up, getting support whilst its effective takes days and weeks. Being a uk user i did a bank transfer to begin trading, as stated that first deposit takes longer to process to success. That second deposit took 3 weeks to get cleared, so roughly the same as the first-as a uk customer you cannot use a debit card despite them having offices here. Based on my experience and given the fast movement of the crypto markets its impractical and poor to have folks waiting this long to release funds.

There are no transaction fees, monthly fees, or activation charges with the CoinJar Debit Card. Also, there are no loading fees charged for AUD transactions, EFTPOS purchases, or withdrawals with the CoinJar debit card. The coinjar review loading fee for crypto coins is levied like normal CoinJar exchange fees. But just take note that its range of tradable altcoins is slightly limited compared to other well-known cryptocurrency exchange platforms out there.

Customer service is a meme.

The website contains solutions for most problems users will encounter, and users can find more helpful information on forum pages online. Additionally, the company can be reached via social media and provides a phone service line for VIP customers. The CoinJar Bundles feature is an effective tool for users interested in diversifying their portfolios.

coinjar review

Decentralized cryptocurrency exchanges are founded on blockchain technology and are not centrally controlled. Users can keep custody of their assets, and exchanges are done directly between users. Because users are not forced to go through a KYC procedure and the exchange does not keep the customers’ assets, DEXs provide more privacy and security.

CoinJar’s main focus is originally the domestic Australian market. But since then, CoinJar has able to grow internationally into Europe, UK, and other several other countries. Uphold lets customers buy, hold, convert, and deal in fiat currencies, cryptocurrencies, commodities, and other assets.

It’s always a good idea to check the fees and processing times before making a deposit or withdrawal on CoinJar. The fees and processing times may also vary depending on your country of residence and the currency. It’s important to note that each payment method may have different processing times and fees.

However, it has been registered as a UK limited company since February 2014. We use dedicated people and clever technology to safeguard our platform. We are sorry for the time it has taken to respond to you – it has been an extraordinarily busy period for CoinJar and our internal teams. We are currently working through a large backlog of support requests at this time which has caused some delays to our usual response times. I did Ticket but why you don’t have 24/7 support is just ridiculous. This is new era life is quick and you are so slow in response, this is the money of the people you are playing with.

EXMO Review: Uncreepy Crypto?

It’s free to set up, has no monthly fees and you earn CoinJar Rewards every time you spend. At all times more than 90% of our customers assets are stored offline in secure locations or in private key-enabled, multi-sig wallets. All CoinJar employees are required to use cryptographically-secure Multi-Factor Authentication such as hardware U2F keys to access internal services. Engineers do not have access to application credentials or production servers, and all deployments are performed independently by a deployment server. CoinJar staff have all passed criminal background checks before being employed.

coinjar review

However, if you want the lowest fees, lots of coins, lots of features and more, there are better choices for Australians right now. Yes, CoinJar is a legitimate Australian cryptocurrency exchange founded in 2013. It is backed by some of the world’s top investors, and is also registered with AUSTRAC to combat money laundering and financing of terrorism. CoinJar has the best security measures in place to protect your cryptocurrency and personal information. Some of the many strategies employed include data encryption, Transport Layer Security, periodic security audits and best practice organisation security. At least 90% of customers’ digital currencies are stored offline in geographically-redundant, secure locations.

CoinJar Exchange Review for Australia

Disgusting when customers struggling to survive are robbed of their money, all thanks to for the chance to recover my money. TradeWise is not authorised or regulated by the Financial Conduct Authority. Information on this Website is provided for general information purposes only and should not be relied upon by you. CoinJar was originally founded in Australia and has since been registered as a limited company in the UK. This means that CoinJar is available to residents of both the UK and Australia. Copy trading enables you to mimic the trading actions of a more established trader, learning the ropes whilst beginning to make your own profits.

When you try to reach their support, they do nothing to help you. CoinJar is a high-quality company with an impressive array of offerings, but you’ll need to be a U.K. Consider whether the payment method you intend to use is accepted by the exchange.