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This article is for Australian members. If you're looking for instructions for CoinJar UK, visit this article.
Each different type of digital currency has its own requirements when sending payments. Because these requirements are often vital to your funds reaching their desired location, we've included a breakdown below for each of the digital currencies supported by CoinJar. Whenever receiving any payment with your CoinJar, please ensure to consider these requirements.
Receiving Payouts with CoinJar
Whereas most privately hosted digital currency wallets use a single digital currency address for both sending and receiving payments, CoinJar uses many different addresses to send digital currencies - not all of which will be associated with your personal CoinJar account. Most external services are automatically configured to return payouts to your sending address, and this can lead to funds not being credited to your account.
Due to this, we do not recommend you use your CoinJar for cryptocurrency mining or gambling websites - unless you can specify on that service which address your payouts will be sent to. Alternatively you can use a privately hosted wallet to receive payouts, and then transfer your funds to your CoinJar.
Receiving Bitcoin (BTC)
P2SH 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. Additionally, each CoinJar will generate a single receiving Bitcoin address for all incoming Bitcoin payments, rather than a new address each time.
Receiving Ether (ETH)
ERC20 - the Ethereum token standard - is currently supported for a limited range of tokens. You should review CoinJar's Supported digital currencies often. Any unsupported ERC20 tokens sent to CoinJar-generated Ethereum addresses will be lost permanently and cannot be recovered.
Receiving Litecoin (LTC)
Segwit P2SH addresses vs. legacy P2SH addresses
At this point in time, CoinJar does not support legacy P2SH Litecoin addresses - instead opting to use Segwit P2SH addresses. Many other exchanges still don't support Segwit P2SH Litecoin addresses, and will refuse to send a Litecoin payment to a CoinJar-generated Litecoin address for this reason.
In this case, please use the official P2SH Litecoin address converter to exchange the Segwit P2SH Litecoin address generated by your CoinJar, into a legacy P2SH Litecoin address.
|First Character||Address Type|
|"3"||Legacy P2SH (deprecated)|
CoinJar will always provide an "M" address - using "M" addresses eliminates the risk of accidentally confusing it with a bitcoin address, which can begin with a "3".
Receiving XRP (Ripple)
Destination tags are a required component when receiving XRP payments in your CoinJar's receiving address - as is the case with most receiving XRP addresses. Always ensure you include your destination tag when receiving XRP payments into CoinJar.
Further information on destination tags can be found on Ripple's official documentation.
When generating your receiving XRP address, CoinJar's address format appends your destination tag to your XRP address. Some XRP payment providers may not recognise this address format, in which case you should omit the separator ("?dt=") and enter your XRP address and destination tag separately.
Receiving Lumens (XLM)
Lumens utilises Destination Tag technology and a Memo is required to send XLM to CoinJar. Omitting or using an incorrect Destination Tag / Memo will cause issues in crediting the transaction to your CoinJar account, and the funds may not be recoverable.
Receiving Algorand (ALGO)
To receive ALGO from an Algorand wallet, simply paste in the address associated with your CoinJar account into the “To:” field when creating a transaction in the Algorand wallet. For more information, please see Algorand’s support articles.
Receiving EOS (EOS)
EOS utilises Destination Tag technology and a Memo is required to send EOS to CoinJar. Omitting or using an incorrect Destination Tag / Memo will cause issues in crediting the transaction to your CoinJar account, and the funds may not be recoverable.
Viewing your receiving address
To receive payments into your CoinJar, you'll need to share your CoinJar's receiving address for that currency type. Your receiving address is an alphanumeric string of characters, which can safely be shared to anyone looking to send that type of digital currency to your CoinJar.
- Once signed in to your CoinJar click the three dots ‘More Options’ button at the top right of your screen.
- Select ‘Receive digital currency’ and select the currency account of the digital currency you wish to receive. For example, to view your receiving Bitcoin address, navigate to your Everyday Bitcoin account.
- Carefully read the reminder and once understood click ‘I understand’ to view your Wallet QR code and Wallet Address.
CoinJar app (iOS and Android)
If you wish to view the receiving address for one of your digital currencies, simply:
- Open the CoinJar app and tap the currency account of the digital currency you wish to receive. For example, tap 'Everyday Ethereum' if you wish to receive Ether.
- Tap the 'Show' button on the top right.
- Carefully read the reminder and tap 'Show address' to view your Wallet QR code and Wallet Address.