Best Crypto Exchange Australia is CoinJar: Here’s Why

What is the best crypto exchange in Australia? The crypto bros and the crypto sisters can be dazzled by other exchanges…. Until they realise the high fees are eating into their profits. Forget the frills, let’s get down to the nuts and bolts. Here is our argument as to why CoinJar is the best crypto exchange in Australia. We bring the receipts!

Trust: CoinJar is the most trusted exchange

Here’s the evidence, crypto kids.

Longevity

CoinJar has been operating since 2013, making it the longest-running cryptocurrency exchange in Australia. This longevity indicates stability and resilience in a volatile market. Operating for over a decade with no downtime suggests a reliable and secure platform. A history free from major security breaches or operational failures further enhances user confidence.

Regulatory compliance

CoinJar is fully registered and compliant with AUSTRAC (Australian Transaction Reports and Analysis Centre), demonstrating adherence to anti-money laundering and counter-terrorism financing regulations. This compliance assures users that the platform operates within legal frameworks and prioritises security.

Showered with awards

CoinJar has won multiple awards, and these accolades carry significant weight in the world of the cryptocurrency exchange.

The Blockies (2023)

The Blockies award recognises excellence and innovation in the Australian blockchain industry. Winning it highlights CoinJar's contribution to the growth and development of the blockchain ecosystem in Australia.

Finder Value (2023 and 2024)

This award focuses on the value proposition offered by cryptocurrency exchanges. It's based on a quantitative analysis of factors such as fees, features, and ease of use. Winning it two years in a row shows CoinJar's consistent commitment to providing a cost-effective and user-friendly platform.

WeMoney – Best Mobile Experience (2024)

This award specifically recognises the quality of CoinJar's mobile app. It highlights the platform's intuitive interface, seamless functionality, and overall positive user experience on mobile devices.

Top Aussie Exchange by CCData (2024)

This recognition emphasises CoinJar's strong position in the Australian cryptocurrency exchange market. It signals that CoinJar is a trusted and widely-used platform within the country.

Awards serve as third-party validation of CoinJar's quality and reliability, which can attract new users and bolster the confidence of existing ones.

They differentiate CoinJar from its competitors, showcasing its strengths and unique value proposition. Awards can also make CoinJar a more desirable employer for top talent in the cryptocurrency and blockchain space.

CoinJar Card – spend crypto everywhere Mastercard is accepted

The ability to "spend crypto everywhere Mastercard is accepted" with the CoinJar Card is a significant advantage.

It bridges the gap between the crypto world and everyday spending. You're no longer limited to specific crypto-friendly merchants. This opens up a vast network of shops, restaurants, online stores, and more where you can seamlessly use your cryptocurrency holdings.

The CoinJar Card allows you to spend your crypto holdings just like traditional currency. It removes the extra steps and complexities often associated with using crypto for everyday purchases. No need to convert your crypto to fiat beforehand or find a compatible merchant. You simply use the card as you would any other Mastercard.

Some crypto cards, including the CoinJar Card, offer rewards programs that allow you to earn points or cashback on your spending. This can be a great way to offset fees or gain additional benefits.

In essence, this feature transforms your cryptocurrency from a speculative asset into a practical and convenient payment method for daily transactions.

While there are no fees to obtain or keep CoinJar Card, transaction fees apply. Please check our Knowledge Base for the most up-to-date schedule of fees.

Easy-to-use mobile app

CoinJar's high rating of 4.7/5 in the App Store signifies that its mobile app is easy to use, and this translates into several benefits for its users.

The high rating suggests an intuitive interface, clear navigation, and a smooth user experience. This makes it easy for both beginners and experienced users to buy, sell, and manage their cryptocurrency portfolio without any hassle.

Having a user-friendly mobile app allows users to access and manage their crypto holdings on the go, providing greater flexibility and convenience than platforms that are only accessible via a web browser.

An easy-to-use app makes cryptocurrency more approachable for new users. By simplifying complex processes and presenting information in a clear and concise way, it can encourage wider adoption of cryptocurrency and the CoinJar platform itself.

1000+ 5 star Trustpilot reviews

Having 1000+ of 5-star Trustpilot reviews is a significant positive for CoinJar.

It establishes a high level of trust and credibility for the platform. Potential users see that a large number of existing customers have had positive experiences, which encourages them to consider using CoinJar themselves.

Social proof is always a winner. People tend to follow the lead of others. A large volume of positive reviews acts as social proof, demonstrating that CoinJar is a popular and well-regarded choice in the market.

A large number of positive Trustpilot reviews serves as a powerful endorsement for CoinJar, showcasing its trustworthiness, popularity, and commitment to providing a quality service.

CoinJar is an exchange, not a broker

CoinJar is an exchange rather than a broker. Brokers use other crypto exchanges to do their trades, and can route trades to international exchanges.

Routing trades through international exchanges can expose users to geopolitical risks. Regulations and policies in those countries might change suddenly, impacting your ability to access or trade your crypto assets. Using a local exchange like CoinJar helps avoid such risks.

When using an exchange like CoinJar, your trades are executed directly on their platform. This gives you more control over your orders and provides greater transparency regarding where and how your trades are being processed.

With a broker model, your funds might be held on a third-party exchange, which could expose you to additional risks. If that exchange faces issues like insolvency or regulatory crackdowns, your funds might be affected. Using an exchange like CoinJar reduces this counterparty risk as your funds are held directly with them.

With an exchange model, trades can potentially be executed faster as they are not routed through additional intermediaries. This can be crucial for traders who rely on quick order execution in volatile market conditions.

Low fees on CoinJar Exchange (0-0.1%)

CoinJar's low fees on their exchange (0-0.1%) are advantageous for several reasons.

Saves money on transactions

Lower fees mean you keep more of your crypto holdings when buying or selling. This is particularly beneficial for frequent traders or those making large transactions, as the savings can add up significantly over time.

Low fees make it more affordable to trade cryptocurrencies more frequently, potentially increasing your profits if you're an active trader. You can take advantage of market opportunities without worrying about high fees eating into your gains. With low fees, even small investments in cryptocurrency become more attractive. You don't need a large amount of capital to start trading, making it more accessible for beginners or those with limited funds.

Low recurring buy fees for credit / debit cards (1%)

CoinJar offers a feature called Recurring Buy, which allows customers to automate regular cryptocurrency purchases using your debit or credit card. The "low 1% fee" signifies that for each recurring purchase you make, CoinJar charges a fee of 1% of the transaction amount.

This is great if a customer is interested in Dollar-Cost Averaging (DCA). DCA is an investment strategy where you invest a fixed amount at regular intervals, regardless of the market price. This helps to mitigate the impact of market volatility. CoinJar's low 1% fee makes DCA more affordable, allowing you to accumulate crypto assets over time without incurring significant fees.

By enabling recurring purchases with debit/credit cards, CoinJar makes crypto investing more accessible to those who might not have readily available funds in their CoinJar accounts. You can directly invest from your card.

A 1% fee for recurring buys is generally considered low compared to fees charged by other platforms for similar services. This makes CoinJar a more attractive option for cost-conscious investors.

Deposit and withdraw AUD, EUR and GBP for free

CoinJar allows customers to deposit and withdraw Australian Dollars (AUD), Euros (EUR), and British Pounds (GBP) to and from their CoinJar accounts without charging any fees for these transactions.

This translates to direct cost savings for users. You can move your fiat currency in and out of the platform without incurring additional expenses, allowing you to keep more of your money.

The option to deposit and withdraw in multiple currencies makes CoinJar more appealing to users outside of Australia. It eliminates the need for currency conversions and associated fees, making it easier for international users to utilise the platform.

Conclusion: CoinJar - The clear choice for Australian crypto enthusiasts

In the dynamic world of crypto, CoinJar shines as a beacon of trust, innovation, and user-friendliness. Our decade-long track record, AUSTRAC compliance, and numerous awards cement our position as the leading exchange in Australia.

From the convenience of spending crypto with the Mastercard-backed CoinJar Card to the seamlessness of their highly-rated mobile app, we have made crypto accessible to everyone, from beginners to serious traders.

But it's not just about user experience; CoinJar's low fees, transparent exchange model, and free fiat deposits and withdrawals show a genuine commitment to putting our customers' financial well-being first. The resounding chorus of over a thousand 5-star Trustpilot reviews is a testament to this dedication.

CoinJar offers the ideal blend of security, convenience, and value. In a market saturated with flashy newcomers, CoinJar stands tall as the reliable, time-tested choice for Australians looking to navigate the exciting world of cryptocurrency. Don't just take our word for it. Try CoinJar yourself and experience the difference firsthand.

CoinJar Card is a prepaid Mastercard® issued by EML Payment Solutions Limited ABN 30 131 436 532 AFSL 404131 pursuant to license by Mastercard. CoinJar Australia Pty Ltd is an authorised representative of EML Payment Solutions Limited (AR No 1290193). We recommend you consider the Product Disclosure Statement and Target Market Determination before making any decision to acquire the product. Mastercard and the circles design are registered trademarks of Mastercard International Incorporated.