Title: CoinJar: An Australian Bitcoin platform that enables the buying and selling of Bitcoins.
1CoinJar An Australian Bitcoin platform that
enables the buying and selling of Bitcoins.
- In this review, we will explore the importance of
Australian crypto wallet and bitcoin exchange
CoinJar. It is an online financial platform that
allows the clients to purchase, sell and manage
cryptocurrency using traditional fiat currency.
2About Company
- The company was established in May 2013 by Asher
tan and Ryan Zhou. Additionally, the company
caught the eye of early startup investor
AngleCube who have provided the seed funding and
mentorship. - The company describes itself as a next
generation finance account over its 6 years of
operations. Moreover, a platform has accumulated
400k users and has processed over 1.5 billion
worth of transactions.
3Coinjar Features
- Store you cryptocurrency Coinjar platform
provides security features like multi factor
authentication. - Bitcoin wallet This platform offers to
securely hold, transfer and trade bitcoin on your
phone. - Available on mobile and desktop CoinJars
mobile application Coinjar touch makes it easy
to keep tabs on your cryptocurrency portfolio.
Additionally, it is available on both mobile and
desktop. You can manage multiple currencies and
search your transactions history. - Hedge against fiat currency You can use
CoinJar hedge accounts to peg your cryptocurrency
against GBP, EURO, USD. - Multi-currency bank accounts function You can
hold different currencies to your Coinjar account
or link your bank account to Coinjar. - Bitcoin trading Platform allows a trader to
buy and sell bitcoin as needed, at a fair market
price.
4Two Main Services
- 1. Multi-Currency Wallet
- Multi currency wallet offers personal finance
account to buy, sell, store cryptocurrencies like
Bitcoin, Ripple, Litecoin, XRP. Moreover, hedge
accounts are available if you want to temporarily
store your digital currencies in the form of
alternative fiat currency to avoid crypto price
fluctuations. - 2. Digital Currency Exchange
- Coinjar exchange is a digital currency exchange
for experienced traders. Moreover, The exchange
allows you to trade bitcoin, litecoin, ethereum
and XRP. And Its features include market depth
and price charts, a customizable layout, time
enforced order types and a dedicated trading
API.
5CoinJar Benefits of Swipe
- Make purchases Coinjar swipe debit card can be
anywhere that accepts EFTPOS in Australia. - Withdraw your cryptocurrency in cash Using
coinjar swipe debit card you can withdraw
cryptocurrency into cash in any ATMs in
Australia. - Earn rewards as you spend Platform provides 5
Coinjar reward points for every transaction you
make using coinjar swipe debit card.
Additionally, which you can redeem in store
6CoinJar Pros Cons
- Pros
- Easy to use and good for beginners
- Available for mobile devices
- Two-factor authentication
- Highly recommended and well reviewed
- More than just an exchange, it allows you to
spend and use Bitcoin - You can hedge bitcoin against several major
currencies - Can be used to send money around the world
instantly
7- Cons
- Many of the features are restricted to
Australian residents only - Only offers few digital currencies to access.
- Lacks multi-signature capability
- Not an open sourPro
8CoinJar conclusion
- Overall it is one of the largest cryptocurrency
exchanges in Australia. Moreover, the company is
a next generation personal finance account that
lets you buy, sell, spend bitcoin and you can
deposit to the platform's account or simply link
your bank account to your platforms account to
tap into the bitcoin network anywhere, at any
time.