This article is intended for Australian members. If you're looking for instructions for CoinJar UK, visit this article.

NEW: Apple Pay and Google Pay

You can now also use Apple Pay or Google Pay for Instant Buy. Instant Buy via Apple Pay and Google Pay is exclusive to the CoinJar mobile app and requires version 2.28.0 or later.

Instant Buy is a fast and easy way for CoinJar members to directly purchase cryptocurrencies using your Visa or Mastercard, with only a 2% fee. CoinJar supports all Australian Visa and MasterCard credit or debit cards.

With Instant Buy, you have the convenience of buying any supported cryptocurrency on CoinJar without first making a deposit to your Cash Account.

How to use Instant Buy

Instant Buy using Apple Pay or Google Pay

Instant Buy using a card linked to your CoinJar

Tap on Buy/Sell in the bottom menu bar of the CoinJar app.
Select a cryptocurrency and then Buy.
Directly above the keypad, tap on the dropdown menu and select Apple Pay or Google Pay depending on your device.
Specify the amount you wish to buy in AUD and click Next.
Carefully review the fee, the conversion rate, and the amount that you will be purchasing.
Tap or to proceed.
You will be redirected to Apple Pay or Google Pay to finalise the transaction.

On the CoinJar app: Tap on Buy/Sell in the bottom menu bar.
On the CoinJar website: Click on Buy/Sell at the top of the page.
Select a cryptocurrency and then Buy.
Select your payment method - if you've already linked a credit/debit card, skip to step 6.
Select Link a credit or debit card.
Enter your card number and select your desired billing currency.¹
Directly above the keypad, tap on the dropdown menu, and select your linked card as the payment method.
Specify the amount you wish to buy in AUD and click Next.
Carefully review the fee, the conversion rate, and the amount that you will be purchasing.
Read the Terms of Service and tick the checkbox if you agree.
Click Confirm.
You will be redirected to our payment provider. On this page, you may be prompted for two-factor authentication by your financial institution to authorise the transaction.²

If you select a currency other than your home currency, you may be charged a foreign exchange fee by your credit card provider.
Funds will not be debited from your card, or credited to your CoinJar, until the authorisation process on your bank's site is complete.

Fees, account limits, and reserved balances for Instant Buy

Fees

Cryptocurrency purchases using Instant Buy will incur a 2% fee.

Additional fees may apply in some circumstances:

Credit cards

Your credit card provider may charge a cash advance fee. Please contact your financial institution for more information.
Selecting a currency other than AUD as your billing currency may incur foreign exchange fees by your financial institution.

Debit cards

Selecting a currency other than AUD as your billing currency may incur foreign exchange fees by your financial institution.

Account limits

Most CoinJar members will be able to purchase up to $10,000 worth of cryptocurrencies per day. Your account limits may vary and you can check your CoinJar's limits at any time by signing in to your CoinJar and navigating to the Usage and limits section within General of the Settings section.

All CoinJar members can have at most 3 active cards at any given time and only 3 different cards can be linked to a CoinJar in a rolling 30 day window, counting all cards that are unlinked.

Reserved Balances

The first purchase you make with a given debit or credit card will be held in the reserved balance for 7 days. After 7 days have elapsed and there have been no disputes received, the funds will be released from the reserved balance.

Any future Instant Buy purchases made using the same card will not be subject to the reserved balance.