This year CoinJar was named the Best Exchange for Value in the UK as part of Finder's Crypto Trading Platform Awards. It picked up a Highly Commended for the same category in Australia.
When deciding which cryptocurrency exchange to use, low fees are typically high on the priority list for most people. Nobody wants to spend more than they need to. Lower fees on your transaction mean more money to keep in your pocket.
Based on a quantitative analysis of 17 crypto platforms in the UK, CoinJar Exchange came out ahead with maker/taker fees starting at 0.1% for GBP and AUD trades.
This drops to 0% for maker orders on crypto-to-crypto pairs (including stablecoins).
On the other hand, takers pay a flat fee of just 0.06% on crypto-to-crypto trades.
These incredibly low fees also helped CoinJar secure a Highly Commended award for Advanced Trading in the UK.
While CoinJar Exchange clearly has spot market traders covered, it's not uncommon to see platforms overcharge unwary beginners with high instant purchase fees, especially for card payments. This is often perceived as a convenience fee for not having to learn how to use the spot market, but that doesn't necessarily mean it's fair.
So it's great to see that CoinJar only charges 2% on instant purchases made with cards and Apple Pay or Google Pay, which is below average for both the UK and Australia based on our data.
It's important to remember that value is about more than just fees. It's also about the quality of service and the features that come with it.
CoinJar should be proud to know that users have rated them highly across Trustpilot and both Google and Apple app stores, with an average score of above 4 out of 5 from nearly 5,000 reviews.
This is no surprise given the easy-to-use design of the website and mobile app, which also includes features such as a Mastercard® for spending crypto as well as a rewards program.
The Finder Crypto Trading Platform Awards are designed to spotlight exchanges and brokers that excel in 1 of 7 categories. The awards use a data-driven approach to ensure that platforms are judged fairly and equally, in order to produce the most helpful results for our users.
For more information on the awards program and the full methodology, visit: https://www.finder.com/uk/finder-crypto-trading-platform-awards-2023.
James from Finder
James Edwards is the global cryptocurrency editor at Finder. His expertise has seen him called on to report at events such as TechCrunch Disrupt, CoinDesk Consensus and IBM Think and has coordinated a vast number of high-profile interviews with the industry's brightest minds.
Don’t invest unless you’re prepared to lose all the money you invest. This is a high‑risk investment and you should not expect to be protected if something goes wrong. Take 2 minutes to learn more: www.coinjar.com/uk/risk-summary.
Cryptoassets traded on CoinJar UK Limited are largely unregulated in the UK, and you are unable to access the Financial Service Compensation Scheme or the Financial Ombudsman Service. We use third party banking, safekeeping and payment providers, and the failure of any of these providers could also lead to a loss of your assets. We recommend you obtain financial advice before making a decision to use your credit card to purchase cryptoassets or to invest in cryptoassets. Capital Gains Tax may be payable on profits.
CoinJar’s digital currency exchange services are operated in Australia by CoinJar Australia Pty Ltd ACN 648 570 807, a registered digital currency exchange provider with AUSTRAC; and in the United Kingdom by CoinJar UK Limited (company number 8905988), registered by the Financial Conduct Authority as a Cryptoasset Exchange Provider and Custodian Wallet Provider in the United Kingdom under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017, as amended (Firm Reference No. 928767).