Category: Coinjar

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Coinjar Press Release

CoinJar Applauds Proposed Australian Cryptocurrency Regulations

Melbourne, 20 October 2021: CoinJar, Australia’s longest-running cryptocurrency exchange, today announced its support for the recommendations of the Select Committee on Australia as a Technology and Financial Centre’s (ATFC) report on the country’s emerging digital assets industry.

CoinJar worked extensively with Fintech Australia and Blockchain Australia on their submissions and are pleased that Senator Andrew Bragg and his team have taken on the concerns of the crypto industry in putting together their report.

We applaud the ATFC for the forward-thinking approach they’ve taken with this proposed regulatory framework. CoinJar is committed to offering people a safe and positive experience when it comes to investing in cryptocurrency and we believe that effective regulation is the best way to achieve this.

Asher Tan, CEO of CoinJar

As one of the first cryptocurrency exchanges in the world to receive official registration with the UK’s Financial Conduct Authority, CoinJar is pleased to see an even more expansive approach taken here with separate licences for both crypto marketplaces and custodians.

We’re also pleased with the focus on the issue of debanking of crypto companies and participants, as well as the proposed tax concessions for renewable energy usage and new legal definitions for DAOs (decentralised autonomous organisations). These measures will help bring certainty to the local industry and will help spur a healthy and globally competitive start-up scene.

From a consumer perspective, we welcome the suggested changes to the CGT treatment of cryptocurrencies – a long-standing disincentive to innovation and adoption. The dynamic and multi-functional nature of cryptoassets demands a more nuanced approach to questions of taxation, and we’re happy to finally see these concerns recognised at such a high level.

Says Tan: “In our view, the ATFC report strikes a commendably optimistic tone that sees blockchain technology as the historic innovation that it is – and one that comes with matching opportunities and risks.

“Blockchain technology will be at the heart of Web 3.0 – the new Internet. The ATFC report helps position Australia to take full advantage of this multi-billion-dollar opportunity.”                       

About CoinJar                                              

CoinJar is the simplest way to buy and sell cryptocurrency. Founded in 2013, and operating in both Australia and the UK, our mission is to create best-in-class apps and products that make it easy for customers to access and use cryptocurrencies such as Bitcoin, Ethereum and more.

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Coinjar

CoinJar Adds Support for 12 New Cryptos

CoinJar has added 12 new tokens which you can now buy and sell and trade on the exchange. The new tokens are related to NFTs, sporting tokens, synthetic assets, blockchain oracles and DeFi pioneers; these coins represent some of the most innovative projects in the crypto space.

  1. Axie Infinity (AXS)
  2. Fantom (FTM)
  3. TerraUSD (UST)
  4. Amp (AMP)
  5. Chiliz (CHZ)
  6. Uma (UMA)
  7. The Sandbox (SAND)
  8. Loopring (LRC)
  9. Injective Token (INJ)
  10. Badger DAO (BADGER)
  11. Band Protocol (BAND)
  12. Mirror Protocol (MIR)

These tokens won’t initially be available for purchase through CoinJar Bundles or on CoinJar Exchange, but will be added in the near future.

To find out more check out the CoinJar blog post announcement.

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Coinjar Press Release Regulation

Crypto Exchange Coinjar Paves the Way for Regulation in Australia by Securing Financial Conduct Authority Registration in the UK

Melbourne, September 30, 2021: Australia’s longest-running cryptocurrency exchange CoinJar has become one of the first in the world to be officially registered by the UK’s Financial Conduct Authority (FCA) as a Cryptoasset Exchange Provider and Custodian Wallet Provider, as per the Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017 (MLRs). 

CoinJar, which is based in Melbourne, is now advocating for a similar licence to be implemented in Australia to help build corporate and consumer confidence and monitor cryptocurrency businesses at large.

The UK is a world leader in fintech and a progressive regulator, so we are very pleased to have received this recognition as part of our commitment to offering people a safe and positive experience of buying and selling digital currencies. With the establishment of the UK-Australia Fintech bridge, we hope that a similar scheme is replicated here via ASIC and AUSTRAC, with learnings from the two-year process taken into account.

Asher Tan, CEO, CoinJar

Tan continues: “As the industry grows and innovates at a rapid pace, it’s vital that legitimate businesses are nurtured further while cowboy operators are swiftly removed to prevent reputational damage to the industry caused by consumer scams and fraudulent behaviour.  Cryptocurrency is not the Wild West, it’s here for good. Regulation brings long-term certainty and a wealth of investment and job opportunities to the market.”

With CoinJar embracing innovation and regulation in equal measure, it has been collaborating with the government on future legislation through industry-led submissions. CoinJar is a member of Blockchain Australia, which champions the adoption of blockchain technology by industry and governments across the country, as well as Fintech Australia, the country’s peak advocacy body for fintech. 

Tan continues: “While we are willing, ready and organised for cryptocurrency regulation in Australia, until it is brought into effect we aim to set the benchmark for best-practice in self-regulation by adhering to the spirit of the FCA obligations on home soil.” 

The FCA approval means that CoinJar will be an attractive partner for more companies and neobanks. Following the recent launch of the CoinJar Card Mastercard, which allows users to spend the crypto in their wallet like cash, online and in-store, a number of ASX 500 partnerships are currently being finalised. A range of new products is also set to be unveiled this year, including a white label service for businesses that will provide state-of-the-art backend digital currency processing. 

Last week, CoinJar made its AFL Grand Final debut through its partnership with the Melbourne Demons, whilst in London, it has signed a sponsorship agreement with Brentford Football Club, who have made a winning start in their debut English Premier League season.  

To find out more, visit coinjar.com/au.

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Bitcoin Coinjar Crypto News Crypto.com Sports

PSV Eindhoven Football Club Gets €400,000 Sponsorship Deal Paid 100% in Bitcoin

Dutch football giant PSV Eindhoven has signed a partnership with Anycoin Direct to become the first major football club in the European Union to have its entire sponsorship paid in bitcoin. Chances are they won’t be the last.

Celebrating the deal. Source: Official PSV Eindhoven website

PSV No Stranger to Crypto

Earlier this year, the club got involved in the crypto sector for the first time when in April it sold an NFT of its historic victory in the 1988 European Cup final over Portugal’s Benfica.

According to the official press release, Anycoin Direct will be the club’s partner for the next two seasons with the goal being to grow awareness of the crypto industry and Anycoin Direct across the European region. While there were many candidates in the race for the partnership, PSV ultimately chose to have a local partner from the Eindhoven area, in the southern Netherlands.

Frans Janssen, the commercial director of PSV, has already created the relevant crypto wallets and expressed enormous enthusiasm about the partnership:

The possibilities and the future that the world of cryptocurrency offers is very promising. As a club in the heart of the Brainport region, we are always innovating; cryptocurrency fits well into this picture.

Frans Janssen, commercial director, PSV

Echoing those sentiments, Lennert Vlemmings, COO at Anycoin Direct, commented:

Growing up in the region, PSV has always been very close to me. As a technology company from the Brainport area we are very excited to be working with PSV. The payment in bitcoin marks the next step for the adoption of cryptocurrency in the EU.

Lennert Vlemmings, COO, Anycoin Direct

According to Dutch publication Eindhovens Dagblad, PSV will be paid €400,000 (about A$650,000) per season. The report further suggests that the arrangement guarantees undefined guaranteed returns in the case of a price reduction, taking into account bitcoin’s volatility.

Sports and Crypto – a Trend On the Rise

Increasingly, we are seeing the worlds of sports and crypto intertwine as unexpected partnerships proliferate within the sector. Earlier this year, the UFC partnered with Crypto.com in a US$175 million 10-year deal.

Turning to the world of football, Watford Football Club will be sporting the Dogecoin logo on its shirts this EPL season, while Crypto News Australia partner and Australian crypto exchange Coinjar recently concluded a partnership with newly promoted EPL team Brentford FC.

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Coinjar Press Release

CoinJar Partners with English Premier League Club to Raise Fan Understanding of Crypto

Melbourne, 13th August, 2021: CoinJar, the Australian cryptocurrency exchange, is pleased to announce it has become a Platinum Partner of Brentford Football Club ahead of its debut season in the English Premier League, which kicks off against Arsenal this Friday. 

As Official Cryptocurrency Partner, the two-year agreement will see CoinJar feature prominently on LED signage across all 19 EPL home games at the new Brentford Community Stadium, broadcast live and on-demand via Optus Sport, as well as on the club’s media wall. 

Jon Varney, Brentford FC CEO, said: “The success of both CoinJar and Brentford is a result of rigorous data analysis, thinking differently and strategic planning. For many, cryptocurrency remains a complex area, so we look forward to working with CoinJar as part of the partnership to help educate our fan base as both parties continue their rise in our respective industries.”

Asher Tan, CEO of CoinJar, added: “As two teams built on data, insights and market fundamentals, we are jointly committed to supporting and championing innovation and growth and look forward to seeing what we can achieve together in the top division of English football.”

CoinJar CEO Asher Tan with Brentford FC strip

CoinJar is no stranger to the sporting world, having recently announced its partnership with AFL premiership contenders the Melbourne Demons, making it the first cryptocurrency company to sponsor an AFL club with both the men’s and women’s teams enjoying their best seasons in years. 

Through both partnerships, CoinJar has plans to educate fans about cryptocurrency. The new CoinJar Card Mastercard has just been unveiled in Australia and is soon to launch in the UK, with CoinJar focused on empowering people to embrace a digital currency future.

Established in 2013, CoinJar, which hails from Melbourne, is one of the longest-running digital currency exchanges in the world. Amid the continuing surge and popularity of cryptocurrency, CoinJar is the ultimate platform to buy, sell and spend Bitcoin. 

To find out more visit coinjar.com/au/

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Australia Coinjar Crypto Debit Cards

CoinJar Launches Australia’s First Cryptocurrency Mastercard

MEDIA RELEASE: Melbourne, August 3, 2021: CoinJar, Australia’s longest-running cryptocurrency exchange, is thrilled to announce the launch of CoinJar Card, a fully-featured Mastercard that lets customers spend their cryptocurrency like cash, wherever Mastercard is accepted.

Available as a physical and digital card, with both Apple Pay and Google Pay integration, CoinJar Card works with 30 different cryptocurrencies and boasts no ongoing fees and a low 1% conversion rate – returned to customers via an in-house rewards program.

CoinJar Card is the next step in our mission to make crypto both accessible and useful, to everyone, every day.

Asher Tan, CEO, CoinJar

Building on the industry-shaping success of CoinJar Swipe, the world-first crypto EFTPOS card that CoinJar customers have been using since 2015, CoinJar Card represents a threshold moment for the Australian cryptocurrency scene: the first AUD-native cryptocurrency card on the Mastercard network.

CoinJar has once again partnered with EML (ASX:EML) – who helped bring CoinJar Swipe to life – to provide customers with seamless and lightning-fast payments, no matter where in the world CoinJar Card is used.

“Thanks to Mastercard’s universal acceptance and EML’s technological expertise, CoinJar Card gives our customers true day-to-day crypto functionality – whether it’s through their smartphone, wearable or eye-catching physical card,” says Tan.

With more than half-a-million customers in Australia and the UK, CoinJar has already helped its users conduct billions of dollars’ worth of transactions in Bitcoin, Ethereum and other cryptocurrencies. CoinJar Card gives those users a simple, secure and seamless way to take their crypto into the real world, one purchase at a time.

CoinJar Payment via Apple Watch

Further Details About The Card

  • It will be a prepaid Mastercard that will work online and in-store, worldwide, wherever Mastercard is accepted.
  • It will be completely free to order with no monthly / annual charges – both in the physical and digital form.
  • There is a 1% fee to convert crypto to AUD at the time of the purchase.
  • CoinJar will provide 1% back in CoinJar Reward Points that can be redeemed here.
  • ATM withdrawals will be available with the physical card.
  • Apple and Google Pay will be available with both digital and physical cards.

About CoinJar

CoinJar is the simplest way to buy and sell cryptocurrency. Founded in 2013, and operating in both Australia and the UK, our mission is to create best-in-class apps and products that make it easy for customers to access and use cryptocurrencies such as Bitcoin, Ethereum and more.

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Coinjar Cryptocurrencies

CoinJar Adds 6 New Cryptos: ENJ, MATIC, USDT, BAL, GRT, WBTC

CoinJar has added more cryptocurrencies to their platforms allowing their users to buy, sell and trade more of the most popular coins.

Announced on 23 June, you’ll be able to buy and sell all of these coins on CoinJar, joining the 24 cryptocurrencies that our customers can already trade, store and send.

These tokens won’t initially be available for purchase through CoinJar Bundles or on CoinJar Exchange, but will be added in the near future.

Update your CoinJar app to get access to the full available range.

About The New Coins

Balancer (BAL) is an automated market maker (AMM) built on the Ethereum blockchain, similar to Uniswap and Curve. Users earn the BAL token by creating and maintaining liquidity pools. BAL tokens are governance tokens, meaning that they give holders the right to take part in decisions regarding the network. As these decisions often involve rewards and fees being generated by the Balancer protocol, there’s a financial incentive to hold and participate.

Enjin (ENJ) has been one of the pioneers of non-fungible tokens (NFTs). NFTs are one-of-a-kind markers that allow the holder to prove absolute ownership of a digital asset. Through a process known as minting, Enjin makes it easy to create NFTs on the Ethereum blockchain. ENJ is the currency that powers this process, allowing holders to both mint and “melt” NFTs.

The Graph (GRT) describes itself as “a protocol for organizing blockchain data and making it easily accessible”, a designation that has also led to it being called the Google of blockchain. Put simply, The Graph creates an open marketplace where information from different blockchains can be sold to developers who may require it to power their own smart contracts. The Graph Token (GRT) is the currency that powers this marketplace, offering incentives for those that index, curate and sell the data.

Polygon/Matic (MATIC) is a fast, cross-blockchain dApp development platform built on Ethereum. Like the ETH token, MATIC is the fuel that powers the Polygon network, facilitating the payment and settlement of transactions. Polygon uses a Proof-of-Stake consensus mechanism, which means that holders of the token can “stake” their tokens and receive more MATIC in return.

Tether (USDT) is the original stablecoin. Pegged in value to the US dollar, Tether allowed people to buy and sell cryptocurrency at a time when it was difficult for exchanges to find reliable banking and fiat currency partners. Cut to 2021 and the stablecoin market is booming, with more than US$100 billion in circulation. But Tether remains the biggest player by far, accounting for more than 60% of the market and essentially functioning as the crypto world’s reserve currency.

Wrapped BTC (WBTC) is an invention of the DeFi movement. Pegged to the same value as Bitcoin itself, WBTC is a way of representing Bitcoin ownership on the Ethereum network (i.e. you lock Bitcoin in a smart contract and receive an equivalent amount of WBTC in return). Having WBTC means you can use the Bitcoin you own on DeFi apps, for instance to purchase tokens on Uniswap or as liquidity pool collateral on a platform like Compound or Balancer.

If you want to get started, check out our guide on How to Setup a Bitcoin Account with CoinJar.

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Coinjar Crypto Exchange Crypto News Press Release

CoinJar Exchange launches 0% fees on all “taker” trades

CoinJar is pleased to announce that they’re now offering zero-fee taker trades through their CoinJar Exchange platform – becoming one of the first cryptocurrency exchanges in the world to offer zero fees for crypto-fiat trading.

“From the moment CoinJar was founded in 2013, our mission has been clear: to make crypto as simple and accessible as possible,” says CoinJar CEO Asher Tan. “Trading with 0% fees is simply the next step in this journey.”

Drawing on the runaway success of zero-fee trading companies like RobinHood and 212 Trading, CoinJar Exchange offers 0% fees on all taker trades – an order to buy or sell an asset at the current market price – including crypto–fiat pairs like BTC/AUD and ETH/GBP.

Traders who create maker orders – orders to buy or sell below or above the current price – will still only pay fees as low as 0.04%.

“While other fee-free trading platforms make their users pay by offering wide spreads or high deposit or withdrawal fees, CoinJar is still offering the same fair prices, lightning fast execution and free deposits and withdrawals we always have,” says Tan.

Together with the recently launched CoinJar Instant Buy, which allows customers to buy crypto using a credit or debit card with only a 2% fee, Tan says it shows CoinJar’s dedication to improving the crypto experience for the everyday user.

“As believers in the long-term future and importance of cryptocurrency, we think it’s vital to try and remove the barriers to its use and adoption. By offering fee-free trading, we’re hoping to make it easier than ever for people to join the crypto community.”

About CoinJar Exchange

CoinJar Exchange is an advanced trading platform designed for CoinJar users who want greater control over buying and selling cryptocurrency. This includes the ability to set order prices, as well as a Trading API to manage your accounts, orders and trades.

If you want to learn more about CoinJar Exchange, you can read our dedicated Knowledge Base article, explore the CoinJar Exchange Support articles or take your first steps towards using CoinJar Exchange.

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Coinjar

Buy Crypto Instantly With Your Visa or Mastercard On CoinJar

CoinJar, Australia’s longest-running cryptocurrency exchange, has partnered with global payments leader Checkout.com to launch fast, low-fee credit card purchases for its users in Australia and the UK.

“This is a huge moment for CoinJar and its users, as well as for Australian and UK crypto in general. Buying crypto used to be something you had to plan days in advance. Now you can literally do it in seconds.”.

CoinJar CEO Asher Tan

Purchase crypto in a flash with CoinJar Instant Buy

CoinJar Instant Buy lets you instantly purchase crypto tokens using your Mastercard or Visa.* And with only a 2% fee, promotes Instant Buys as one of the cheapest rates for credit/debit card crypto purchases worldwide.^

How to buy crypto using your Credit/Debit card on CoinJar

When you’re buying crypto using the CoinJar app, all you need to do is:

  1. Go to the Buy/Sell menu.
  2. Select a cryptocurrency and then “Buy”.
  3. Tap ‘Link a credit or debit card’ and enter your card details.
  4. Put in the amount you want to purchase.
  5. Review the fees and then press confirm.  Boom: more crypto in your CoinJar, instantly.

Name and address may need to match your CoinJar account

Instant Buy works with any UK or Australian-issued Visa or Mastercard, but the card may need to match the name and billing address as your CoinJar account. Apple Pay and Google Pay functionality will be added in the near future. If you are experiencing issues please contact CoinJar support.

Instant Buy works for every Crypto listed on CoinJar

You can use Instant Buy to purchase any of the 24 cryptocurrencies supported on the CoinJar platform, with the exception of CoinJar Bundles and Recurring Buys – which are to be added soon.

*CoinJar requires Identity Verification to be completed prior to any crypto purchase. In a small number of cases, we might have to request additional identity verification information, in adherence with national law.

^As of 26th of April 2021. This excludes any additional fees that you may be charged by your bank or credit card provider.

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Australia Coinjar Press Release

CoinJar Announces Partnership with the AFL’s Melbourne Demons

MEDIA RELEASE: Melbourne, 19 May 2021: CoinJar, Australia’s longest running cryptocurrency exchange, today announced its partnership with the Melbourne Football Club, making it the first crypto company to sponsor an AFL club for both its men’s and women’s teams.

CoinJar’s CMO Dominic Gluchowski and Melbourne Demon Mascots

The Melbourne-founded platform, which has over half a million customers in Australia, says it wanted a partner that could match crypto for excitement and momentum.

“CoinJar is thrilled to be joining forces with a champion club that shares our passion, professionalism and innovation mindset – as well as a proud and very vocal fanbase,” says Asher Tan, CEO of CoinJar.

Tan says the partnership is a long term play, which will be supercharged by short term tactical marketing activities. “At a time of increased credibility, proven strength and swelling of interest in cryptocurrency, we are focussed on building an iconic brand which will stand the test of time – much like the Melbourne Football Club.”

Melbourne Demos Coach Simon Goodwin with CoinJar’s CMO Dominic Gluchowski

CoinJar makes buying and selling cryptocurrency like Bitcoin and Ethereum simple, a key message that will be communicated to fans and spectators via content partnerships, player engagements, stadium branding and exclusive offers for Melbourne Football Club members. CoinJar is also the club’s List Management partner which will see the logo across all club recruiters and list management kit.

With cryptocurrency in the middle of a record-breaking run – up 300% since the beginning of the year –  this partnership firmly shines the spotlight on a growing industry and a team on the rise. “Both our teams are having breakout years, so the decision was an easy one,” says Tan.

Melbourne CEO Gary Pert agrees. “CoinJar is operating and excelling at the absolute cutting-edge of digital technology and we’re tremendously excited to welcome them to the Melbourne Football Club family.”

“As organisations we share a strong passion and commitment to innovation, and we look forward to seeing what we can achieve together.”

“Like the Demons, cryptocurrency has been written off for years,” says Tan. “But now it’s going mainstream and becoming impossible to ignore.”

Research suggests that almost 1-in-5 Australians already own crypto, and that number is growing by the day. “By the end of the year, we’re hoping that’s 1-in-2,” says Tan.

“CoinJar’s mission has always been to make it as easy as possible for everyday Australians to invest in the cryptocurrency future. By partnering with a legendary club like the Demons, we’re hoping to take the next step on our journey to becoming as widely known and proudly Australian as the AFL.”

About CoinJar

CoinJar is the simplest way to buy and sell cryptocurrency in Australia. Founded in 2013, our mission is to create best-in-class financial apps and products that make digital currencies such as Bitcoin and Ethereum accessible to everyone.