CoinJar 2021 review: What is CoinJar?

0

CoinJar is a digital currency exchange that allows users to buy, sell, spend, and store their digital assets. The exchange is award winning and backed by venture capital firms. It also offers mobile apps in addition to desktop access and the CoinJar card. CoinJar aims to create valuable applications for digital currencies.

As it was founded in 2013, CoinJar prides itself on being one of the oldest digital currency exchanges in the world. There are over 500,000 CoinJar users who have traded over £ 750million. The exchange is significant, with over £ 50million of assets in its custody. The co-founders are respectively Asher Tan and Ryan Zhou, now CEO and COO.

the CoinJar exchange is set up to appeal to almost all traders. The simplicity of the platform, including the mobile app, makes it ideal for casual trading or daily use of digital currencies. Day traders and other experienced traders will appreciate the advanced features of the exchange platform.

Great features of CoinJar Exchange

Over 49 pairs – CoinJar gives traders access to over 49 digital currency pairs. There are also fiat pairs for AUD and GBP.

Multiple Order Types – Choose from order types such as “Immediate or Cancel”, “Create or Cancel” and “Valid until Canceled”.

Data Information – Get insight into the data via price charts, market depth and a live order book.

Interface flexibility – You can rearrange columns, split windows, and use grouped tabs to configure the interface as you want.

Windows for auctions – The three auction windows each day improve your trading opportunities.

OTC Trading Desk – For transactions over £ 25,000, the OTC trading desk offers over-the-counter transactions. This feature is open to individual merchants and institutions and offers competitive pricing with flexible settlement.

API Access – Institutions and traders can access the CoinJar Trading API, a REST style API. It includes full documentation.

CoinJar Card – The CoinJar Card is a digital currency debit card that will soon be available in the UK and Australia.

CoinJar Packs – This is an ideal CoinJar offering for beginners who want to diversify their portfolio easily. The plans combine popular digital currencies, and several are available.

Offline storage – Over 90% of digital currencies owned by customers are stored offline for the safety of funds.

CoinJar Exchange: pros and cons

Benefits

  • Features for all trading levels
  • OTC trading Digital and fiat pairs available
  • Among the oldest digital currency exchanges in the world

The inconvenients

  • You cannot short parts in trades
  • Some features, like CoinJar Card, are only available in a limited number of markets

How to register on the CoinJar exchange

  1. Enter your first name, last name and e-mail address, choose a password, then click on “Register”. Accept the terms of use and the privacy policy. If you wish, check the box to subscribe to the newsletter.
  2. Verify your email address. Follow the link to enter your phone number and country of residence. Choose your username.
  3. Deposit funds and start trading.

User interface for CoinJar Exchange

The CoinJar platform is intuitively configured and has many features that advanced traders are looking for. You can find the order entry form on the left of the screen. This form looks clean and modern with information like latest price, target price, auction volume, session volume, and best bid / ask. You can buy or sell, set your order price and size, and configure advanced features.

Charts are in the middle of the screen, with your order history below. Charts can be candlesticks or mountains. Most traders will stick with the candlestick view. You can open multiple charts in tabs or select the drop-down menu to split your chart view to show multiple charts. There are eight time limits to choose from.

The right of the screen shows the order book, where you can see the orders divided by supply and demand. Each shows its size and price and has a visual indication of its proportion.

The mobile platform will primarily appeal to casual traders and those who use the platform for daily trading. There is less information and charts available for serious traders. Casual users, however, will love the intuitive use of the app and the range of features available. Advanced traders will likely use it to verify their trades when they are away from their computer.

Community engagement

CoinJar has community presence and tracking on Twitter, Facebook, LinkedIn, Instagram, and YouTube.

The community on Facebook is not overly active, with around 8,200 likes and 8,800 following. Most people seem to use Facebook’s CoinJar primarily for information, not for interacting with the community.

The YouTube community has over 650 subscribers and most of the videos have around 150 views. The only exception is the intro video, which has 3,000 views, showing a high level of enthusiasm.

The community is mostly active on Twitter, where CoinJar has 11,000 followers. The community posts several times a day on Twitter, with CoinJar usually responding quickly to keep the conversation going.

CoinJar: In summary

The CoinJar exchange is designed to appeal to a range of traders through its various features. Casual traders who are newbies or just want to easily use digital currencies will find most of the features they need in the mobile platform. Serious traders will appreciate the data insights, auction windows, platform customization, and low fees. High volume traders will feel the allure of OTC trading desks for more flexibility and competitive pricing.

CoinJar is working to expand its offerings to more regions. The CoinJar Swipe Card, until recently was only available in Australia and is now replaced by a brand new CoinJar Card which will soon arrive in the UK and Australia. The exchange also adds other features, such as the recent addition of recurring purchases in early 2021. CoinJar website Also indicates that algorithmic trading is coming soon, which should still appeal to regular traders.

Since its inception in 2013, CoinJar has avoided scandals and has built a solid reputation. The ability to trade over 49 pairs helps traders diversify their portfolios and allows most traders to buy and sell the pairs they prefer. Click here to sign up.

Share.

About Author

Comments are closed.