About CoinJar
CoinJar is a cryptocurrency platform specializing in Bitcoin brokerage and wallet services. Founded in May 2013 by Asher Tan, a financial analyst, and Ryan Zhou, CoinJar enables the sending, receiving, and storage of cryptocurrency tokens. Competing with industry giants like Coinbase, this Australian-based company aims to promote mainstream recognition of Bitcoin and other cryptocurrencies. CoinJar currently supports Ethereum, Ripple, Litecoin, Bitcoin, and more. In 2018, it introduced an internal exchange for experienced traders.
Security and Innovation
CoinJar offers secure crypto asset storage with advanced encryption. Customer tokens are reportedly stored offline to prevent potential hacks, similar to the infamous incidents at Mt. Gox or Binance. CoinJar has also introduced innovations like CoinJar Swipe, a digital currency debit card, aimed at bridging the gap between the financial and cryptocurrency sectors. Presently, CoinJar Swipe is available exclusively in Australia and is accepted wherever EFTPOS is used. The platform accepts payments in AUD and cryptocurrencies. Additionally, CoinJar is registered with the Australian Transaction Reports and Analysis Centre (AUSTRAC).
Mobile Applications and User Base
CoinJar is not limited to a web service; it also offers mobile applications for Android and iOS users. The platform boasts over four hundred thousand users, with assets exceeding $100 million. It has garnered support from prominent venture capitalist firms, including Blackbird Ventures, Boost VC, and Digital Currency Group.
Key Features
Over its six-year existence, CoinJar has continually improved its platform to enhance user experience. Its key features include:
- Wallet Services: Secure storage for various cryptocurrencies such as BTC, ETH, XRP, LTC, and more.
- Exchange: Fast and secure cryptocurrency transactions with a demo version for newcomers. It offers data insights like price charts and order books, along with a daily auction window for fairer opportunities.
- AUD Support: Allows transactions in AUD and offers hedged accounts for temporary storage of assets in fiat currency.
- Customer Support: Available weekdays from 9:00 am to 5:30 pm, with additional support through LinkedIn, Facebook, and Twitter.
Summary
CoinJar is a reputable bitcoin brokerage and cryptocurrency exchange platform. As a registered entity with the Australian Transaction Reports and Analysis Centre, it operates within the bounds of the law. Notably, CoinJar prioritizes security, with the majority of customer holdings stored offline. To access CoinJar's services, visit their website.
