CoinJar Review: Is This Crypto Exchange Still Worth Using in 2025?

When you hear CoinJar, a crypto exchange founded in Australia that lets users buy, sell, and store digital assets with fiat currency. Also known as Australia’s oldest crypto platform, it was one of the first to make crypto feel simple for everyday users. But things have changed. While CoinJar once stood out for its clean app and easy AUD deposits, it’s now caught between being too limited for serious traders and too expensive for casual buyers. If you’re wondering whether it’s still safe or smart to use, you’re not alone.

What makes CoinJar different isn’t its tech—it’s its history. Unlike newer exchanges that chase DeFi and memecoins, CoinJar stuck with basics: buying Bitcoin and Ethereum with a bank transfer, storing them in a wallet you control, and cashing out without jumping through hoops. That’s great if you live in Australia and just want to dip your toes in. But if you’re looking for low fees, altcoin variety, or advanced trading tools, you’ll hit walls fast. CoinJar charges up to 1.5% per trade—way above what Binance or Kraken charge. And while it supports a handful of major coins, it’s missing dozens of tokens you can find on smaller platforms. Its security, a mix of cold storage and two-factor authentication is solid, but that’s the bare minimum these days. You don’t get insurance like Coinbase, and there’s no clear info on who audits their reserves.

Another big issue? Customer service. Users report long wait times for support, especially when dealing with deposits that don’t show up or withdrawals stuck in limbo. For a platform that markets itself as beginner-friendly, that’s a red flag. And while CoinJar still works fine for small, occasional buys, it’s not built for anyone who wants to move money fast, trade frequently, or hold more than a few coins. It’s also not available outside Australia and New Zealand, which limits its usefulness for most global users.

So where does that leave you? If you’re in Australia and want to buy your first $100 of Bitcoin without dealing with complex wallets or KYC nightmares, CoinJar still gets the job done. But if you’re serious about crypto—whether you’re trading, staking, or exploring DeFi—you’ll outgrow it fast. The real question isn’t whether CoinJar is safe. It’s whether it’s worth paying extra for a service that doesn’t evolve.

Below, you’ll find real reviews and deep dives into exchanges like CoinBene, Serum Swap, and others that actually moved the needle. Some worked. Most didn’t. And a few? They vanished overnight. We’ll show you what to watch for—and what to avoid.