CoinJar Rewards: A Guide to Earning and Using Points

CoinJar Rewards is a simple way to earn points while using your CoinJar account for everyday crypto activities. These points can help you save on fees. They can also be swapped for items like a JB HiFi gift card or an AirBnB gift card. Who doesn’t like electronics and holidays? If you're new to crypto, this guide will walk you through how it works in plain language.

What Are CoinJar Rewards?

Think of CoinJar Rewards as a loyalty program. Every time you buy, sell, or spend crypto with CoinJar, you can earn Reward Points. These points pile up in your account and can be used to lower the cost of trading or to grab items from the CoinJar Rewards Store.

To start earning points, you need a fully verified CoinJar account. Once that's done, Rewards activate automatically the first time you buy or sell crypto.

How to Start Earning Reward Points

Earning points is easy and happens as you use CoinJar. Here’s how you can rack them up:

-Invite Friends: Get 500 points for every friend who uses your referral link to sign up and verifies their ID.

-Buy or Sell Crypto with AUD: Earn 1 point for every $10 you trade (but this doesn’t include trades on CoinJar Exchange or fee-free transactions).

-Spend with CoinJar Card: Earn 1 point for every $1 spent on eligible purchases. (CoinJar Card is only available in Australia).

Note: Trading one crypto for another (like Bitcoin for Ethereum) won’t earn points. Also, if you use points to cover fees on a transaction, you won’t earn points on that trade.

How to Use Your Reward Points

Once you’ve got some points, you can put them to work. Here are the main ways to use them:

1. Shop the CoinJar Rewards Store

You can swap points for items in the Rewards Store. Here’s how it works:

-Visit the CoinJar Rewards Store and pick an item. You can spend your points on anything from a JB HiFi gift voucher to a voucher for a weekend away with AirBnB.

(Note: The ability to swap points for items available in the CoinJar Rewards Store depends on the current offerings in the CoinJar Rewards Store, which may change over time. Always check the store for the latest options.)

-Submit your order, and your item will be sent to you.

3. Fee-Free Crypto Transfers

When you’re sending crypto, you can use points to skip the usual network fees. If you have enough points, CoinJar will show you an option to use them during the transfer. This makes moving your crypto cheaper and easier.

(Note: Trading one crypto for another, e.g., Bitcoin for Ethereum, won’t earn points. If you use points to cover fees on a transaction, you won’t earn points on that trade.)

Getting Started

To kick things off:

Sign into your CoinJar account and make sure your ID is fully verified.

Go to the Accounts page.

Make your first buy or sell to activate Rewards.

Start earning points automatically with your CoinJar activities.

Need Help?

If you’re confused or run into issues, reach out to CoinJar’s support team. They’ll guide you through any problems so you can make the most of your Rewards.

CoinJar Rewards is a great way for crypto beginners to get more out of their account. Start small, earn points, and enjoy the perks as you go!