Generating a new receiving bitcoin address
In order to generate a new "receiving" bitcoin address within your CoinJar:
- Sign in to your CoinJar's Accounts.
- Select your 'Everyday Bitcoin'.
- Next to the 'Actions' dropdown menu, select 'View address'.
Your CoinJar's receiving bitcoin address will be provided as an alphanumeric string of characters, which can be copied and safely passed along to anyone looking to send bitcoin to your CoinJar. If their device can scan QR codes, they can also use the QR code provided.
Bitcoin address format
As of March 12 2019, CoinJar utilises the P2SH format for all newly generated Bitcoin addresses. P2SH transactions are processed more efficiently through Segregated Witness (SegWit), which increases the transaction capacity of Bitcoin blocks.
Any receiving Bitcoin addresses you've generated within your CoinJar prior to this date (they will begin with "1" rather than "3") will continue to remain operational until 31 March 2021. We recommend using your new P2SH address rather that continuing to use previously generated addresses.
Receiving Payouts with CoinJar
Due to the way CoinJar's wallet system operates, it does not support payouts.
CoinJar uses various different addresses to send digital currencies - not the receiving wallet address you've generated in your CoinJar. As some external services are automatically configured to return payouts to your sending address, this can lead to funds not being returned to your CoinJar.
Due to this, we do not recommend you use your CoinJar for cryptocurrency mining or gambling websites. You can instead use an offline wallet for these payouts, and then transfer your funds to your CoinJar. If you have any questions regarding this, please reach out to our Support Team.
Updated: 18 Jan 2018 (AS)
Reviewed: 18 Jan 2018 (AS)