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 not currently supported on CoinJar. Any ERC20 tokens sent to CoinJar-generated Ethereum addresses will be lost permanently and cannot be recovered. This includes any and all popular ERC20 tokens such as EOS, OMG, SNT, SRN, TRX.
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 Zcash (ZEC)
Shielded and transparent addresses
Please note that although CoinJar can receive transactions from shielded and transparent addresses, new Zcash payments can only be sent to transparent addresses.
Generating a new 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.
- Sign in to the Accounts section of your CoinJar.
- Select the currency account of the digital currency you wish to receive. For example, to generate a new receiving Bitcoin address, navigate to your Everyday Bitcoin account.
- Next to the 'Actions' dropdown menu, select 'View address'.
CoinJar app (iOS and Android)
The CoinJar app can provide your receiving Bitcoin address only at this stage. If you wish to view the receiving address for one of your other digital currencies, please sign into your CoinJar using your mobile device's web browser.
- Open the CoinJar app and tap the 'Quick Actions' button at the bottom of your display.
- Select the QR code icon. By default, your device's camera will open to scan a new QR code.
- You can tap the second QR code icon in the corner of your display to view your CoinJar's receiving Bitcoin address.