This article is intended for members in the United Kingdom. If you're looking for instructions for CoinJar Australia, visit this article.
What is CoinJar Rewards?
CoinJar Rewards is a rewards system built into CoinJar that allows you to accrue points as you use your CoinJar every day. CoinJar Reward Points can then be used to cover currency exchange fees, or redeemed in ways described within this article.
Once activated from the Accounts section within your CoinJar, CoinJar Reward Points will automatically be added to your CoinJar Rewards account as you earn them.
Activating CoinJar Rewards
CoinJar Rewards is activated automatically when you make your first buy or sell on CoinJar. In order to be eligible for CoinJar Rewards, you'll first need to be fully verified.
- Once signed in to your CoinJar, navigate to your Accounts page.
- Make any buy or sell with any account to activate your CoinJar Rewards.
Earning CoinJar Reward Points
Ways you can earn CoinJar Reward Points
|
Activity |
Earning of CoinJar Reward Points |
|
Referring new CoinJar members |
500 points for each referred member who completes ID verification |
|
Buying and selling crypto with GBP* |
Earn 1 point every £5 transacted |
|
Crypto to crypto transactions |
Not eligible to earn CoinJar Reward Points |
|
CoinJar Card purchases |
Earn 2 points per £1 spent on each eligible transaction |
* Excluding CoinJar Exchange trades or transactions that don’t require fees
Redeeming CoinJar Reward Points
There are a number of ways you can redeem your CoinJar Rewards points.
Ways you can redeem CoinJar Reward Points
|
Activity |
Redeeming of CoinJar Reward Points |
|
Sending cryptocurrency with waived fees |
50 points per USD1 |
|
Buying & selling cryptocurrency with waived fees |
100 points per GBP |
|
CoinJar Rewards Store |
Visit https://rewards.coinjar.com/ to redeem your CoinJar Reward Points |
1. When redeeming your Reward Points to waive external transaction fees, the value of cryptocurrency in USD is used to calculate the amount of points that will be deducted from your CoinJar. For example, if your payment incurs a network fee of 0.00000573 BTC, it will cost 15 Reward Points if bitcoin’s price is currently quoted at $50,481.20 USD.
(Network fee of 0.00000573 BTC * 50481.20 USD) * 50 Points = 15 Reward Points