CoinJar alternatives

Compare the best alternatives to CoinJar for Australian crypto traders.

By   |   Verified by David Boyd   |   Updated 13 Nov 2023

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Comparing CoinJar alternatives

Swyftx

On website

Featured

Swyftx

Highlights

  • Trading fees on Swyftx are higher than on Coinjar, although fees decrease on Coinjar as you trade more.
  • Swyftx and Coinjar are both AUSTRAC-regulated and must operate within their set of rules.
  • Swyftx has a very high Trustpilot rating and delivers outstanding customer service. Coinjar is not far behind.

Pros

  • Trade more than 300 crypto assets through the Swyftx platform.
  • Offers tight spreads and low trading fees.
  • Get support within 5 minutes through their live chat.
  • Practice trading with a demo mode.

Cons

  • Lacks access to advanced trading markets.
eToro

On website

eToro

Highlights

  • eToro’s fees for trading and withdrawing funds are higher than they are on Coinjar.
  • Coinjar supports more cryptocurrencies than eToro does.
  • eToro copy trading makes it easier for beginners to trade, a feature that is not available on Coinjar.
Independent Reserve

On website

Independent Reserve

Highlights

  • Independent Reserve’s trading fees vary based on monthly trade volume and reduce with higher volume. Coinjar’s fees are slightly higher.
  • Both exchanges are located in Australia and AUSTRAC-regulated with excellent security.
  • Both Coinjar and Independent Reserve have a limited number of cryptocurrencies available to trade.

Pros

  • Automate your cryptocurrency trading strategy with Independent Reserve's AutoTrader feature.
  • Its built-in tax calculator makes it easier to file your tax return.
  • ISO certified and has an AUSTRAC license.

Cons

  • It has a limited number of supported coins compared to other exchanges.
CoinSpot

On website

CoinSpot

Highlights

  • Both exchanges offer a good choice of tradable coins, but CoinSpot has considerably more cryptocurrencies than Coinjar.
  • Coinjar’s trading fees are higher than CoinSpot's.
  • CoinSpot is Australia’s only ISO 27001-certified exchange. This accreditation is recognised internationally as the gold standard, giving CoinSpot an advantage over CoinJar.

Pros

  • Trade for only 0.1% and withdraw in AUD for free.
  • Multiple deposit options.
  • Access CoinSpot NFT Marketplace.
  • CoinSpot is regulated by AUSTRAC and is ISO certified

Cons

  • Margin trading is not available.
BTC Markets

BTC Markets

Highlights

  • Trading and withdrawal fees on Coinjar are lower than those on BTC Markets.
  • More cryptocurrencies are available for trading with Coinjar than BTC Markets.
  • Coinjar and BTC Markets are both Australian exchanges. Both are regulated by AUSTRAC and have strong security.
Cointree

On website

Cointree

Highlights

  • Trading fees on Cointree are higher than Coinjar.
  • More cryptocurrencies are available to trade on Cointree as compared to Coinjar.
  • Both exchanges are based in Australia and AUSTRAC-regulated with strong security measures.

Pros

  • Cointree has competitive fees for quick buys and sells.
  • You can view and copy the portfolios of recently successful traders.
  • Fast and easy trading with the Cointree app.
  • Get customer support 24/7.

Cons

  • Account verification may take up to 48 hours.
Coinbase

On website

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Coinbase

Highlights

  • Coinjar’s trading fees are quite clear, which is not something that can be said of Coinbase.
  • Coinbase has a simple layout and design, making it ideal for beginners. Coinjar is more complicated in comparison.
  • Coinjar is an Australian exchange and regulated by AUSTRAC. Coinbase operates under US laws and regulations.

Pros

  • Get access to a wide variety of altcoins.
  • Start trading with as little as $2.
  • Advanced trading includes Market, Limit, Stop Limit, and Auction Mode orders.

Cons

  • Fees are higher compared to other exchanges.
Binance Australia

On website

Binance Australia

Highlights

  • Transaction fees on both Coinjar and Binance are roughly the same for lower value transactions. However, for higher value transactions, Coinjar is cheaper.
  • Binance offers a much larger choice of cryptocurrencies to trade compared to Coinjar.
  • Both Coinjar and Binance are not recommended for beginner traders.

Pros

  • It has some of the lowest trading fees out there. 0.1% for spot trading and 0.5% for instant buy or sell fees.
  • Credit card or debit card deposits are accepted.
  • Provides charting and trading tools suitable for advanced crypto traders.

Cons

  • The platform UI can be complicated to learn for new investors.
Kraken

On website

Kraken

Highlights

  • Trading fees on Coinjar are much lower than Kraken.
  • Coinjar has fewer cryptocurrencies available to trade compared to Kraken.
  • Kraken is more suitable for experienced traders, offering futures and derivative trading options.

Pros

  • Large selection of tokens to trade.
  • Earn rewards by staking eligible assets.
  • Access to a range of educational materials.

Cons

  • Limited options to fund your account.