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This article is for Australian members. If you're looking for instructions for CoinJar UK, 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 Rewards 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 Rewards points will automatically be added to your CoinJar Rewards account as you earn them.
Activating CoinJar Rewards
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.
- Underneath your existing Accounts, you'll see 'CoinJar Rewards'. Select 'Activate account...' and a new dialogue box will be displayed.
- Once you've read the information regarding CoinJar Rewards, select 'Activate' to begin. From here, you can see the CoinJar Rewards points you've earned by navigating to your Accounts page and viewing the new CoinJar Rewards account.
Earning CoinJar Rewards 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 AUD* |
Earn 1 point every $10 transacted |
|
Purchase on the CoinJar Store |
5 points for each CoinJar Store purchase |
|
Crypto to crypto transactions |
Not eligible to earn CoinJar Reward Points |
|
CoinJar Swipe purchases |
5 points for each Swipe transaction irrespective of the amount being transacted |
* Excluding CoinJar Exchange trades or transactions that don’t require fees
Redeeming CoinJar Rewards points
There are a number of ways you can redeem your CoinJar Rewards points, including fee-free transfers, Swipe cards and other items available on the CoinJar Rewards Store.
Ways you can redeem CoinJar Reward Points
|
Activity |
Redeeming of CoinJar Reward Points |
|
Send BTC, ETH & ERC-20 with waived fees |
Redeem 100 points per transaction irrespective of the amount being transacted |
|
Any transaction involving all other digital currencies with waived fees |
Redeem 1 point every $2 transacted |
|
CoinJar Rewards Store |
Visit https://rewards-store.coinjar.com/ to redeem your CoinJar Reward Points |
CoinJar Rewards Store purchases
CoinJar Rewards points can also be used to redeem items from the CoinJar Rewards Store.
Physical items, such as t-shirts and socks, will provide you with a coupon code after redeeming your CoinJar Rewards points. These items are posted to your address, and you will need to use the coupon code on the CoinJar Store to cover the cost of the redeemed item and complete your order.
To use your coupon code on the CoinJar Store:
- Sign in to the CoinJar Rewards Store and view your orders - My Orders. You'll be able to view the codes for your purchase. Copy the required coupon code.
- Head over to the CoinJar Store to complete your order.
- Select the appropriate item and add it to your cart.
- Apply the coupon code when editing your order.
- Submit the order.
Fee-free transfers
Use your accumulated CoinJar Rewards points to perform a digital currency exchange without the typical conversion fee. When making a new transfer, provided you have enough CoinJar Points available, you'll be provided with the option to spend some points to cover the cost of your exchange fee. If you're sending BTC, ETH or any ERC-20 token, you can waive the cost of transfer with a flat rate of 100 CoinJar Reward Points. For any other digital currency transaction, you can redeem 1 Reward Point for every £1 transacted. In this sense, the value of your CoinJar Reward Points are calculated with a fiat-based rate.
