A trading cryptocurrency guide must provide reviews of all of the top crypto exchanges out there, so that you can also find the best cryptocurrency exchange site for you. This review of CoinJar consists of four parts: general information, fees, deposit methods and security.
CoinJar is an Australian cryptocurrency exchange. It is only open for Australian investors. Other exchanges from the same country includes, inter alia, TOPBTC.
The platform makes it possible to make quick trades. The fees (more about them below) are transparent and CoinJar markets itself as a platform with excellent in-house support. The platform makes it possible to hedge against GBP, EUR, USD and AUD to protect Bitcoin from price volatility.
CoinJar Trading View
Different exchanges have different trading views. And there is no “this overview is the best”-view. You should yourself determine which trading view that suits you the best. What the views normally have in common is that they all show the order book or at least part of the order book, a price chart of the chosen cryptocurrency and order history. They normally also have buy and sell-boxes. Before you choose an exchange, try to have a look at the trading view so that you can ascertain that it feels right to you. At this exchange, the “trading view” is extremely simple. This makes it easily understandable for new crypto investors, while it might lack some features that more experienced traders look for. The below is a picture of the purchase interface at CoinJar:
CoinJar Trading fees
This platform is also different from most top crypto exchanges in the way that it does not offer trading between cryptocurrencies. The primary service offered is buying and selling BTC. The fees here are transparent and amount to 1.00% per trade.
CoinJar Withdrawal fees
Considering how this exchange operates, we can’t really compare the withdrawal fees with the withdrawal fees for most crypto-to-crypto exchanges. In any event, CoinJar does not charge any withdrawal fees, which is a competitive advantage.
At CoinJar, you can deposit through both wire transfer and credit cards. This can be helpful especially for newer crypto investors.
One might ask why the security is even a feature that we at Cryptowisser have looked for at the different top crypto exchanges. This is primarily based on two things:
- Exchanges store a massive amount of valuable personally identifiable information. From names to addresses, to government identification details, taxpayer identification number and a lot more; and
- Moreover, the exchanges handle a lot of cash or coin deposits and withdrawals.
CoinJar’s security score is C+, when performing the test at Observatory by Mozilla (https://observatory.mozilla.org/). But this is in line with the industry average when it comes to the top crypto exchanges.
As mentioned above, this exchange supports credit card deposits (alone or through the use of any of its associated payment service providers). Other cryptocurrency exchanges that also have this option include: