Coinjar is a digital currency exchange that’s popular with Australian and New Zealand, residents. The platform has grown to become one of the largest exchanges in Australia, which is why we wanted to take a look at it. In this Coinjar review, we’ll focus on what makes the exchange unique and how it compares to other platforms.
Security
Coinjar is a regulated exchange and it has never been hacked. The company uses multi-signature technology, which means that all funds are stored in cold storage and can only be accessed by the owners of the wallets. This makes it more secure than most exchanges out there.
Coinjar also has a unique login system where you’re required to enter your email address before you can start trading on their platform. This helps them keep track of who’s using their services so they can react quickly if something goes wrong with one person’s account (e.g., someone hacks into it).
Coinjar offers two ways to trade. You can either use their web-based platform or download their mobile app for iOS and Android devices. In both cases, you’ll need to sign up before accessing any features on the exchange.
Also Read:Top Ten Cryptocurrencies to Invest In 2022 and In the Near Future
Fees
Fees are charged on a per-trade basis. They range from 0.5% to 0.9% and depend on the amount of trading volume you do with Coinjar.
However, there are some exceptions: if you trade less than 100 BTC in one week (corresponding to about $25000 at current prices), then the fee is reduced by 50%. This makes sense because Coinjar doesn’t want their customers paying too much money for using their platform!
Ease of Use and Interface
Coinjar is a great exchange for beginners for several reasons. You can get started by using their simple interface and quick signup process, which makes it easy to begin trading as soon as you open your account.
If you have any questions about how the platform works or need help with anything, customer support is available 24/7 via email or chat (just click on “Help” at the bottom of any page).
Deposit Methods & Limits
Deposit methods vary by account type. You can deposit by bank transfer and credit card, but there are also some other options:
Bank transfers are available for both personal and business accounts, with a $10 minimum deposit required.
Credit cards require an additional $5 deposit for each transaction you make on your account (so if you want to buy coins at $20/coin, you’ll need an additional $15). This is one reason why people prefer bank transfers over credit cards—it’s easier to manage the money in your wallet without having it disappear into the ethers of another company.
Buying Limits
Buying limits are a common concern for all traders, but it’s important to know what the limits are before you begin trading. Coinjar has different buying limits for different accounts depending on your account type and whether or not you’re purchasing Bitcoin.
Daily: $10,000 – $40,000 per day
Monthly: $50,000 – $300,000 per month (the more money you deposit in any given month, the lower your daily limit will be) Maximum Account Deposit Limit: 2 BTC.
Supported Currencies and Cryptocurrencies
Coinjar is one of the largest digital currency exchanges in Australia. The platform allows you to buy, sell and send Bitcoin, Ethereum, Litecoin, and XRP (Ripple). It also supports a wide range of cryptocurrencies including Ripple’s XRP token.
The exchange has a very user-friendly interface that makes it easy for anyone unfamiliar with cryptocurrency trading to navigate around the site. Users can access their wallets from any device they have access to through their browser or mobile app on Android or iOS devices; there are no additional downloads required for this feature.
Customer Support
Customer support is available 24/7, in English and Chinese. Support can be reached by email or phone or via live chat on the website. Phone support is available from 9 am to 5 pm on weekdays while live chat is open 24 hours a day, 7 days a week.
The website also offers a FAQ page, which provides answers to common questions such as how to contact support and the process of canceling your account. A knowledge base is also available, containing articles on how to use the platform, how to send money overseas, and more.
One of the largest digital currency exchanges.
Coinjar is a digital currency exchange based in Australia. The company was founded by Asher Tan, who was an early investor in Bitcoin and other cryptocurrencies.
Since its inception in 2013, Coinjar has grown to become one of the largest cryptocurrency exchanges in Australia with over 1 million users registered on their platform.
How to use Coinjar Exchange
How to create a Coinjar account
To create a Coinjar account, you’ll need to enter some basic information.
The first would be to enter your email address and password. This is so that we can send you important updates from within the app and also allow us to contact you if there are any issues with your account or payment process.
Next, choose whether or not you want to enable two-factor authentication for additional security on this platform (recommended). If enabled, then when entering new passwords during registration and login procedures it will require both a PIN number along with another code generated by an app on your phone or other device used as an authenticator—this ensures hackers cannot access sensitive data stored in these accounts unless they have knowledge of both codes at once; otherwise it would be impossible for them access such sensitive details without being caught red-handed!
How to activate 2FA on your account
Follow these steps to activate two-factor authentication on your account:
Go to settings by clicking on the icon in the top right of your screen or swiping left from the home screen.
Click “2FA” in this menu to open it up and then click “Enable 2FA”. You can also access this page by tapping “2FA” under Security on any other screen such as Account or Funds Transfer History if you need help finding it quickly!
Enter your phone number (or scan a QR code) and click Continue after entering it correctly into our app so that we can send you an SMS with activation instructions for activating Two Factor Authentication using Google Authenticator app installed on Android phones – which requires no extra hardware apart from having internet access at least once every 30 days so don’t worry too much about missing out if this happens 🙂
) Once done with step 3), enter the one-time password generated by the Google Authenticator app via voice command using the following commands: tap “Speak”, say “Ok Google” followed by password “(insert).
How to Deposit Funds
To deposit funds into your Coinjar Exchange account, follow the steps below:
Open the app on your PC or smartphone.
Click “Funds” in the top navigation bar and select “Deposit Funds.”
Select how you would like to deposit your funds (bank account, credit card, or other). If you have a linked bank account, enter that information here. If not, enter an email address where we can send a link to where you can send us payment details (e.g., PayPal) so that we can manually authorize this transaction for you once it reaches over $100 AUD worth of fiat currency at any given time.
How to Place an Order on Coinjar Exchange
To place an order on Coinjar Exchange, follow these steps:
Select the market you want to trade in by clicking on the Markets tab at the top of your screen. There are four main markets available: BTC/AUD (Australian Dollar), ETH/GBP (British Pound), and EUR/USD (Euro).
Enter the amount of currency you want to buy or sell into your bitcoin wallet address, along with how many units you want to purchase or sell per unit.
Using their dropdown menus above each section if there aren’t any default amounts set up already for those fields when creating an order entry; this can be done by clicking Add New Order button located in the bottom left corner next to action buttons like canceling/cancel all orders, etc.
Which will then bring up another window where users can enter their own values as well as select from one of three preset amounts offered by Coinjar Exchange.
A 0% fee is payable upfront with no monthly maintenance fees applied thereafter unless the customer decides otherwise when subscribing through a recurring payment method via a credit card provider like Visa.
Learn how to use the Coinjar exchange
Coinjar Exchange is a peer-to-peer marketplace for buying and selling bitcoin. You can use Coinjar Exchange to buy bitcoin, Ethereum, XRP, and more.
In this article we’ll explain how to use Coinjar Exchange step by step:
1) Create an account with Coinjar.
2) Deposit funds into your account using one of the supported payment methods (including bank transfer) or manually add funds via another method such as PayPal or credit card (if you don’t have a credit card yet).
3) Once you’ve confirmed that the amount has been deposited into your account.
4) Go to the “Funds” tab in the top right corner.
5) Click on the “Buy/Sell Bitcoin” button. Type in the number of bitcoins that will be transferred from the sender’s wallet address.
Conclusion
Coinjar is a great exchange for beginners who want to get into the world of cryptocurrency trading. With very low fees and easy deposits, it’s an ideal place for new investors to get started. With the right tools and knowledge, you can trade on Coinjar exchange with confidence. We’ve made it easy for you by providing step-by-step instructions and resources so that you don’t have to guess if something isn’t working correctly.
