Conversion rates

Determining buy and sell prices

For exchanges within CoinJar there are two prices that can be used - the buy price, or the sell price. These prices are encountered when buying or selling a currency, and along with any transaction fees, directly influence the total price paid when completing a currency conversion.

Pricing Components

Component	Description
Network Fees	Third-party blockchain fees are incurred by CoinJar and passed on to customers.
Spread	The difference between buy and sell prices, determined by real-time market data.
Service Fees	Fixed/variable charges based on the payment method or platform usage.

Overall Pricing Structure:

Element	Description
Base Crypto Price	Derived from blended market inputs.
Fixed Fee	Typically 1% rising to 2% for card payments.
Variable Spread*	Between 25bps and 60bps based on internal vs external fill.
Network Fees	Dynamic fees vary by cryptocurrency and network congestion.

*For further details on the calculation of the Variable Spread, please refer to Appendix 1 in our Commercial and Pricing Mechanism Disclosure.

Scenario-Based Spreads:

Scenario	Additional Spread (bps)
Internal inventory sufficient	25 - 50
Crypto sourced from external liquidity provider post-trade	40 - 60

Pricing Publication & Methodology

CoinJar Europe publishes prices for the crypto-assets it offers for exchange. We may also publish limits on the amount of a crypto-asset that can be exchanged at any time.

CoinJar Europe reserves the right to withhold, withdraw, or suspend published prices, or to suspend the exchange of specific or all crypto-assets, without prior notice. This may occur due to:

Significant market volatility
Technical or human errors in price publication
Discretion exercised by CoinJar Europe for operational or risk management reasons

Transaction Execution and Finality

For each transaction, the customer is presented with a firm quote based on published prices or derived from our methodology.
Customers have a reasonable opportunity to review and accept the quote.
Once accepted, the price is final, and CoinJar Europe will execute the transaction only at the agreed price.
Firm prices may change over time, for example due to trade size or market conditions, but all executed transactions are completed at the agreed price.

Pricing Methodology

CoinJar Europe determines prices for crypto-assets using a comprehensive methodology designed to ensure:

Accuracy and fairness
Alignment with prevailing market conditions

For more information, please refer to our Commercial and Pricing Mechanism Disclosure.

Reference rates

The reference rate within CoinJar is the approximate value of a cryptocurrency at any given time, and are used to provide an estimate of the value of each account in a familiar currency. CoinJar's pricing algorithm takes a weighted volume across a series of global exchanges, then measures current liquidity, availability and other local and global market factors to determine a reasonable reference rate for each cryptocurrency on offer.

You can also choose your reference currency within your CoinJar's settings under 'More' - allowing you to view that particular currency equivalent for each of the cryptocurrency account balances within your CoinJar.

Transfer discrepancies

The cryptocurrency accounts within CoinJar uses reference rates to provide an estimated value for the funds in that account. However, when you are trading you use CoinJar's buy price when buying, and CoinJar's sell price when selling.

This can appear to cause a discrepancy when comparing the amount you've just exchanged to the estimate value as shown in that cryptocurrency account.

For example, if you purchase a bitcoin for €7,000 using the buy price of 1 BTC = €7,000, that 1 BTC will instantly show up in your Bitcoin with an estimated value lower than €7,000.

This is because the estimated value is calculated using the reference rate - not the buy price.

For more information on how CoinJar executes your crypto-asset transactions, please refer to our Order Execution Disclosure.