Coinjar Login | Coinjar

Coinjar Login is a cryptocurrency exchange broker that allows you to buy and sell cryptocurrencies. The platform lists five coins in particular – notably Bitcoin, Ethereum, Litecoin, Ripple and Zcash.

The platform is very popular in Australia, as it allows local residents to deposit and withdraw funds using a bank account. For those based outside of Australia, you can only use the Coinjar platform if you are depositing funds with a cryptocurrency.

In the future, the team at Coinjar are planning to expand their user base to other countries, however at the time of writing there is no clear indication when this will be.

On top of its traditional exchange-based services, Coinjar also offers a cryptocurrency index fund. This allows you to speculate on the movement of four cryptocurrencies via one simple investment.

Coinjar works in a similar way to most cryptocurrency exchanges. If you’re from Australia, you have the option of funding your account via your local bank account. If not, then you’ll need to deposit funds with a cryptocurrency. Once your account is funded, you can then buy and sell cryptocurrencies.

Coinjar makes their money by charging transaction fees every time you trade.

Once you’ve bought your desired cryptocurrency, you can then store it via the Coinjar wallet, or withdraw them to private Bitcoin wallets of your choosing.

On top of traditional brokerage services, you can also trade crypto-to-crypto pairs on the Coinjar platform. This includes a range of real-time technical charts that can assist with your decision-making process.

When you do trade Bitcoin and other cryptocurrencies at Coinjar, you only have the option of going long. This means that you can’t speculate on the market going down in value. If this is something that you want to do, then you’ll need to use a platform like Coinbase.

It’s somewhat difficult to make a strong case for Coinjar. Firstly, it’s tough to get around the fact that the platform only allows you to buy and sell cryptocurrencies with fiat currency if you’re based in Australia. Although non-Australians can still use the Coinjar platform, they have to stick with cryptocurrency deposits and withdrawals.

Moreover, you’re severely limited with the number of cryptocurrencies you can trade – regardless of where you are from.  In fact, you can only purchase five cryptocurrencies on Coinjar, which is a bit non-descript.

It is also important to note that the Coinjar platform does not have regulatory oversight by any national financial bodies. This means that there is no guarantee that your funds are safe.

If you’re looking to alleviate the above concerns, then we would instead recommend Coinbase.

On top of this, you’ll also have the option of going short, meaning that if you want to profit when cryptocurrencies lose value, you can.