Luis Clark
Luis Clark
Luis is a personal finance expert who has been passionate and writing about crypto for more than five years.
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    Coinjar vs. Coinbase: Which One is Better?

    Coinjar Review
    3.7
    3.7/5

    Read Disclaimer

    Coinbase-australia-Review
    4.0
    4/5

    In this article, we compare Coinjar vs Coinbase. To come up with our conclusions about both cryptocurrency exchanges we analyzed each platform’s fees, payment methods, security, unique features, and much more. We achieved this through first-hand experience using both crypto exchanges, expert analysis, and verified user reviews.

    Coinjar vs. Coinbase: Verdict

    Our pick is Coinbase. The crypto trading platform offers an easy-to-use interface, more digital assets, and caters to both beginner and advanced users.

    Coinjar Logo

    Pros

    Cons

    Coinbase Logo

    Pros

    Cons

    Coinjar vs. Coinbase: Unique Features

    Unique Features of Coinjar

    Coinjar Card

    coinjar card australia

    The Coinjar card is a prepaid cryptocurrency MasterCard that allows users to make purchases directly from their Coinjar cryptocurrency balance. The card does not need to be preloaded because it spends directly from the funds in the nominated Coinjar Everyday account. 

    Coinjar MasterCard is accepted anywhere Apple Pay or Google Pay is accepted. The physical card can also be used anywhere contactless payments are not allowed. 

    Coinjar card supports overseas payments and online and over-the-phone transactions. The card is free to set up and has no monthly fees. 

    Cardholders earn 1 Coinjar reward point for each dollar spent on an eligible transaction. 

    CoinJar card can be linked to the CoinJar app. This enables the cardholders to quickly access their card details, spending history, and current balance. They can also change the card PIN, place the card on hold and change the spend account.

    The card is secured and covered by Mastercard’s Zero Liability Protection Policy.

    Coinjar Over The Counter / Trading Desk

    Coinjar OTC is a one-on-one trading desk designed for organizations and individuals that wish to trade about AUD 50,000 or more. Users who wish to opt for the Coinjar OTC desk must have a fully verified Coinjar account. The account needs to be pre-funded with the asset the customer wishes to trade. 

    Unlike the regular Coinjar account, there are no extra fees for Coinjar OTC. The prices quoted are all-inclusive and the price is guaranteed once both parties in the trade agree to the deal. The quoted price also has a Bid/Ask spread which is dependent on market conditions.

    Unique Features of Coinbase

    Coinbase Home Page

    Coinbase Advanced Trade is an advanced trading platform designed for advanced individual traders and crypto enthusiasts. With Coinbase Advanced Trade, users can instantly buy, sell and trade digital assets across various pairs. They also have access to advanced features like monitoring open orders, managing multiple portfolios, and viewing trading history. 

    The Coinbase Advanced Trade app is available on the Google Play store and Apple app store

    Winner in Unique Features

    Coinbase wins as it offers more features to both individual and corporate customers than Coinjar.

    Coinjar vs. Coinbase: Cryptocurrencies Available

    Cryptocurrencies Available on Coinjar

    Coinjar supports over 58 cryptocurrencies including Bitcoin, Stellar, Ethereum, Ripple, Litecoin, Chainlink, etc.

    Cryptocurrencies Available on Coinbase

    Coinbase supports over 160 cryptocurrencies including Ethereum, Solana, Bitcoin, USD Coin, Tether, Dogecoin, Polygon, Polkadot, etc. On the 5th of December 2022, Coinbase ended support for Ethereum Classic, Bitcoin Cash, XRP, and Stellar.

    Winner in Crypto Availability

    Coinbase wins as it supports more cryptocurrencies than Coinjar

    Coinjar vs. Coinbase: Can You Buy and Sell NFTs?

    Coinbase NFTs Marketplace
    Yes, you can buy and sell NFTs on Coinbase via the Coinbase NFT platform which offers a variety of popular NFT collections including Bored Ape Yacht Club, CryptoPunks, etc. However, when compared to leading NFT platforms like OpenSea, Rarible, Binance NFT, and Nifty Gateway, Coinbase NFT falls short. The exchange’s NFT platform even had a poor launch that has given it a low reputation in the NFT space.

    Winner in NFTs Availability

    Coinbase wins easily in NFT availability as Coinjar does not offer NFTs.

    Coinjar vs. Coinbase: Fees

    Coinjar Fees

    Deposits

    • PayID /Osko/ NPP: Zero fee
    • Withdrawal to bank account: Zero fee
    • Cash deposits via Blueshyft: 1.5% 

    Cryptocurrency Transactions 

    • Sending crypto to Coinjar members: No fee
    • Transferring crypto to external wallet addresses: Dynamic fees

    Conversions on Coinjar

    • Fiat to cryptocurrency conversions: 1%
    • Cryptocurrency to fiat conversions: 1%
    • Cryptocurrency to cryptocurrency conversions: 1%
    • Credit card purchase (Instant Buy): 2%
    • Apple Pay or Google Pay transactions (Instant Buy): 2%

    Coinjar Card

    • Digital and physical Card issuance: No fee
    • In-store and online purchases: 1% (returned in Rewards points)
    • Foreign transactions: 2.99%+
    • ATM withdrawal for physical cards: 1% withdrawal fees
    • Transaction dispute: $27.50 for each transaction

    Trading on Coinjar Exchange

    Fees for trades in the Coinjar exchange use the taker and maker model based on trade volume

    Pricing Tier: $0 – $100,000

    • 0.01% (taker)
    • 0.01% (maker)

    Pricing Tier: $100,000 – $1m

    • 0.01% (taker)
    • 0.08% (maker)

    Pricing Tier: $1m – $10m

    • 0.08% (taker)
    • 0.04% (maker)

    Pricing Tier: $10m+

    • 0.06% (taker)
    • 0.04% (maker)

    Coinbase Fees

    The Coinbase cryptocurrency exchange occurs a trade volume fee structure using the taker and maker model. 

    Pricing Tier: $0 – $10K

    • Taker Fee: 0.60%
    • Maker Fee: 0.40%

    Pricing Tier: $10K – $50K

    • Taker Fee: 0.40%
    • Maker Fee: 0.25%

    Pricing Tier: $50K – $100K

    • Taker Fee: 0.25%
    • Maker Fee: 0.15%

    Pricing Tier: $100K – $1M

    • Taker Fee: 0.20%
    • Maker Fee: 0.10%

    Pricing Tier: $1M – $15M

    • Taker Fee: 0.18%
    • Maker Fee:0.08%

    Pricing Tier: $15M – $75M

    • Taker Fee: 0.16%
    • Maker Fee: 0.06%

    Pricing Tier: $75M – $250M

    • Taker Fee: 0.12%
    • Maker Fee: 0.03%

    Pricing Tier: $250M – $400M

    • Taker Fee: 0.08%
    • Maker Fee: 0.00%

    Pricing Tier: $400M+

    • Taker Fee: 0.05%
    • Maker Fee: 0.00%

    Stable Pairs

    • Taker Fee: 0.001%
    • Maker Fee: 0.00%

    Winner in Fees

    Coinjar wins in fees as it offers cheaper taker and maker fees (up to 0.08%). This is unlike Coinbase which offers up to 0.10% in fees.

    Coinjar vs. Coinbase: Payment Methods

    Coinjar Payment Methods

    Coinjar offers 3 methods for Australian users to deposit AUD to their Coinjar account, which include PayID, Blueshyft, and Bank Transfer. The cryptocurrency exchange also features an instant buy option via MasterCard/Visa credit and debit card, Google Pay, or Apple Pay. That said, both PayID and Blueshyft offer instant payment options. But your first PayID transaction may take up to 24 hours to process.

    Coinbase Payment Methods

    For Australian users, Coinbase supports 2 payment options which include credit/debit card, or bank account. However, if you opt for the bank account option you need to add it via your PayID.

    Winner in Payment Methods

    Coinjar wins in payment methods as it offers more deposit options than Coinbase.

    Coinjar vs. Coinbase: Security

    Coinjar Security Features

    coinjar review security

    Coinjar is fully registered with Financial Conduct Authority UK and AUSTRAC. It stores the majority of its crypto assets in cold storage or private multi-signature wallets. All assets are secured by Fireblocks and BitGo. It also has full currency reserves with enough assets to cover all customer’s balances. 

    Also, all of Coinjar’s internal databases and services are protected by cryptographically secure multi-factor authentication. All Coinjar employees are required to pass a criminal check before joining the company.

    Coinbase Security Features

    Coinbase claims it uses state-of-the-art encryption and security measures to ensure the security of users’ assets

    Users’ accounts are protected with two-factor authentication and password protection. Users can automatically lock their accounts and prevent transactions from being carried out if they suspect that the account has been compromised.

    They can also store their assets in the Coinbase Vault which has more security measures than the regular wallet.

    Winner in Security

    Coinjar wins in security. Despite being one of the oldest crypto exchanges, Coinjar has never been hacked.

    Coinjar vs. Coinbase: Earn/Staking Rewards

    Coinjar Earn/Staking Rewards

    By participating in the Coinjar Earn program you can earn free crypto rewards on your cryptocurrency held on the crypto exchange. Coinjar Earn offers users direct access to specific DeFi protocols which will allow them to earn interest on their digital assets. 

    Here are the various programs and their interest rates per annum:

    Program: ETH

    • Type: DeFi
    • Interest: Up to 0.10% p.a.

    Program: DAI

    • Type: DeFi
    • Interest: Up to 1.20% p.a.

    Program: USDC

    • Type: DeFi
    • Interest: Up to 1.10% p.a.

    Program: USDT

    • Type: DeFi
    • Interest: Up to 1.70% p.a.

    Program: WBTC

    • Type: DeFi
    • Interest: Up to 0.01% p.a

    Coinbase Earn/Staking Rewards

    The Coinbase Earn program allows users to earn up to 6.85% APY on their crypto assets. It offers 2 options: staking and DeFi Yield. For its staking program, it offers up to 6.85% APY. DeFi yield rewards are variable.

    Winner in Earn/Staking Rewards

    Coinbase wins here as the crypto exchange offers higher interest rates than Coinjar.

    Coinjar vs. Coinbase: Usability

    Coinjar Usability

    The Coinjar cryptocurrency exchange allows users to engage with its interface by downloading its app via the Google Play Store or Apple App Store. The apps on both the Apple App Store and Google Play Store have a star rating of 4/5. The Coinjar exchange also offers a professional trading platform for advanced traders, institutions, and market makers.

    Coinbase Usability

    Coinbase-opinion

    This cryptocurrency exchange offers an easy-to-use trading interface for beginners. It enables users to buy, sell, and exchange digital assets. Coinbase also offers Coinbase Advanced Trade which is its trading platform for advanced users.

    Winner in Usability

    Coinbase wins in usability as it is much easier to use for beginners and offers simpler user navigation.

    Coinjar vs. Coinbase: Customer Service

    Coinjar Customer Service

    Coinjar customers can contact the support team via email at support@coinjar.com and by submitting a support request on the website. The support team is available online from 9 am to 2 am on Mondays to Fridays and from 9 am to 5 pm (AEST) on weekends. 

    Coinjar also has an extensive, easy-to-use Knowledge Base that is well-equipped with articles that can help customers resolve their complaints. Customers are advised to check the knowledge base before reaching out to the support team.

    Coinbase Customer Service

    Coinbase customers can reach the support team via phone and the message icon on the website. They can also troubleshoot with the Coinbase virtual assistant. 

    Coinbase also has a FAQ section that users can consult to find solutions to their problems.

    Winner in Customer Service

    Coinjar wins on customer service, unlike Coinbase, Coinjar's support team offers prompt support to customers.

    Conclusion: Final Verdict

    Both Coinjar and Coinbase offer great services to their users. However, Coinbase wins here as the exchange offers more options to both beginner and advanced users in available cryptocurrencies, NFT availability, ease of use, security features, etc. This Coinbase has a higher chance of acceptability among crypto investors.

    Overall Winner

    Coinbase wins with a 4/5-star rating.

    FAQ

    Most frequent questions and answers

    Yes, Coinjar is registered as a digital exchange provider with AUSTRAC.

    CoinSpot is better as it offers a larger coin offering than Coinjar as well as better customer service and a more advanced platform.

    Coinjar was founded and is headquartered in Australia.

    Yes, the Coinjar crypto exchange reports to the ATO.

    The Coinbase wallet is cheaper than the Coinbase app.

    Yes, the Coinjar card is free.

    No, Coinjar does not support SEPA bank transfer.

    Cryptocurrency is volatile so you need to properly evaluate your investment strategy before investing.