Is CoinJar safe?

The short answer.

Safety

4/5 Custody with BitGo and Fireblocks; no major incident covered.

Regulation

3.5/5 AUSTRAC registration published; no AFSL covered in this review.

Worth knowing

• The convenient app route costs ten times the CoinJar Exchange entry fee.
• Card, Apple Pay and Google Pay purchases cost 2%, and recurring buys with those methods cost 1%.
• A dispute fee of A$38.50 can apply to card disputes, according to its fee page.

Ratings are Nodora’s own, from published sources, and are not a guarantee. A good rating does not protect you from scams, lost passwords or a falling market.

Regulation, custody and the CoinJar Card

CoinJar says it has served Australians since 2013. Its help centre states that CoinJar Australia Pty Ltd is registered with AUSTRAC as a digital currency exchange provider (DCE100749118-001), and it says client assets are secured with the custody providers BitGo and Fireblocks.

The CoinJar Card is a prepaid Mastercard issued by EML Payment Solutions Limited, with CoinJar acting as its authorised representative. Card protections therefore sit with the issuer's terms. As with any exchange, registration and custody partners reduce some risks but don't remove them.

How to protect yourself on any exchange.

1. Turn on two-factor authentication

   Use an authenticator app instead of SMS where the exchange offers it.

2. Check the web address

   Fake login pages are the most common way accounts are emptied. Type the address yourself or use a bookmark. How to spot crypto scams ↗

3. Do not store everything on an exchange

   Coins you plan to hold for years are safer in a wallet you control. Wallet security guide ↗

4. Test withdrawals early

   Send a small amount out before you need to move a large one, so you know the limits, fees and delays.

How CoinJar compares on safety.

Our safety and regulation ratings for all 13 exchanges, highest combined score first.

1. 1CoinbaseSafety 4 · Regulation 4.5 · Details4.25
2. 2CoinSpotSafety 4 · Regulation 4.5 · Details4.25
3. 3Crypto.comSafety 4 · Regulation 4 · Details4
4. 4CoinJarSafety 4 · Regulation 3.5 · Full review3.75
5. 5Independent ReserveSafety 4 · Regulation 3.5 · Details3.75
6. 6SwyftxSafety 4 · Regulation 3.5 · Details3.75
7. 7BTC MarketsSafety 3.5 · Regulation 3.5 · Details3.5
8. 8KrakenSafety 4 · Regulation 3 · Details3.5
9. 9OKXSafety 3.5 · Regulation 2.5 · Details3
10. 10Digital SurgeSafety 2 · Regulation 3.5 · Details2.75
11. 11BinanceSafety 3 · Regulation 2 · Details2.5
12. 12KuCoinSafety 3 · Regulation 1.5 · Details2.25
13. 13BybitSafety 1.5 · Regulation 2.5 · Details2

Common questions.

Is CoinJar regulated in Australia?

CoinJar's help centre says CoinJar Australia Pty Ltd is registered with AUSTRAC as a digital currency exchange provider (DCE100749118-001). Registration relates to anti-money-laundering obligations and isn't a guarantee against loss.

Next steps.

Visit CoinJar ↗Official site