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CoinJar Fees: A Guide to Prices Incurred While Trading
Wonder what CoinJar fees are? Here is a breakdown of everything that you need to know when it comes to fees and spreads.
In this article...
- Some things on CoinJar are fee-free, while other things incur a charge
- It is important to know what fees and spreads are.
- Here is everything you need to know.
Navigating when using a crypto exchange like CoinJar can feel overwhelming, but it doesn’t have to be. This guide breaks down the fees you might encounter when depositing, withdrawing, trading, or sending cryptocurrencies on CoinJar, making it easy to understand what you’re paying for and why.
Fiat Deposits and Withdrawals: No Fees for Most Methods
When you deposit or withdraw fiat currencies like , Australian Dollar (AUD), or Euro (EUR) to and from your CoinJar account, you’re in luck, most methods are free! CoinJar will not charge you a fee to deposit or withdraw fiat, although, you should check with your bank.
However, if you dispute a deposit transaction or request an investigation with your bank (for any reason, including fraud), a dispute fee will apply. So keep this in mind when managing transactions.
Cryptocurrency Deposits: Free Across the Board
Good news for crypto enthusiasts: CoinJar doesn’t charge you to deposit cryptocurrencies to your account, whether you’re receiving funds from an external wallet or another CoinJar member. No hidden costs here! You may have to pay network fees though.
Instant Buy and Recurring Buy: Convenience Comes with a Fee
If you’re looking to buy cryptocurrency quickly using a Visa or Mastercard, CoinJar’s Instant Buy and Recurring Buy options are convenient but come with fees:
-Instant Buy (Visa/Mastercard, Apple Pay, Google Pay): 2% fee
-Dollar Cost Averaging with CoinJar’s Recurring Buy (Visa/Mastercard): 1% fee
Keep in mind that additional fees may be applied by your card provider. This is outside of CoinJar’s control and you should always check with your bank.
Trading Fees: A Flat Rate for Simplicity
When you convert between cryptocurrencies or between fiat and cryptocurrencies, CoinJar charges a straightforward 1% fee based on the transaction amount. This applies to:
-Converting fiat to cryptocurrency
-Converting cryptocurrency to fiat
-Converting one cryptocurrency to another
This flat rate keeps things predictable, so you always know what to expect when trading.
For advanced traders, offers a highly competitive fee structure, ranging from 0% to 0.1%, designed to maximise value for high-volume transactions.
How CoinJar Sets Its Prices
There’s always a difference between the buy price and the sell price — this is called the spread.
-If you’re trading about £2,000, you’ll probably get the price you see.
-If you’re trading a lot more money, the gap (spread) between the buy and sell price might be bigger.
-If you’re trading a smaller amount, the gap might be smaller.
Sending and Receiving Cryptocurrencies: Network Fees Apply
Sending cryptocurrencies to another CoinJar member is free, but fees may apply if sending to yourself. Sending crypto to an external wallet may incur a dynamic network fee, which depends on:
-The cryptocurrency being sent
-The blockchain’s congestion level
-The transaction size
You can see the exact fee before confirming a transfer.
What are CoinJar Fees?
CoinJar keeps fees simple and transparent, with no charges for most fiat and crypto deposits, a flat 1% trading fee, and dynamic network fees for external crypto transfers.
Instant Buy and Recurring Buy options carry higher fees for convenience, and CoinJar Exchange has its own fee structure for advanced traders.
Always review the quoted fees before confirming any transaction, and check CoinJar’s settings to customise your reference currency for a clearer view of your account’s value.
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Your information is handled in accordance with CoinJar’s .
Cryptoassets traded on CoinJar UK Limited are largely unregulated in the UK, and you are unable to access the Financial Service Compensation Scheme or the Financial Ombudsman Service.
We use third party banking, safekeeping and payment providers, and the failure of any of these providers could also lead to a loss of your assets. We recommend you obtain financial advice before making a decision to use your credit card to purchase cryptoassets or to invest in cryptoassets. Capital Gains Tax may be payable on profits.
CoinJar’s digital currency exchange services are operated in the UK by CoinJar UK Limited (company number 8905988), registered by the Financial Conduct Authority as a Cryptoasset Exchange Provider and Custodian Wallet Provider in the United Kingdom under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017, as amended (Firm Reference No. 928767).
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