US investors permitted
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 not open for US-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 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 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, 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.