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Introducing Instant Buy - purchase digital currency with your Visa or Mastercard credit/debit card!

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Are you a United Kingdom member?

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

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Instant Buy is a fast and easy way for CoinJar members to directly purchase digital currencies using your Visa or Mastercard, with only a 2% fee.

With Instant Buy, you have the convenience of buying digital currencies without first making a deposit to your Cash Account.

 

What can be purchased with Instant Buy

You can use Instant Buy to instantly purchase any supported digital currency on CoinJar. The ability to purchase CoinJar Bundles using Instant Buy will be coming in a future update.

 

Supported cards for Instant Buy

CoinJar supports all Australian Visa and MasterCard credit or debit cards for Instant Buy. Credit and debit cards issued outside of Australia are also accepted however extra charges may apply.

 

How to use Instant Buy 

Please select the version of CoinJar you are using for detailed instructions below.

 

CoinJar for Web

  1. Click on Buy/Sell at the top of the page.
  2. Select a cryptocurrency and then “Buy”.
  3. Select your payment method - if you've already linked a credit/debit card, skip to step 6.
  4. Select Link a credit or debit card.
  5. Enter your card number and select your desired billing currency.1
  6. Select your newly linked card as the payment method.
  7. Specify the amount you wish to buy in AUD and click Next.
  8. 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
  9. Carefully review the fee, the conversion rate, and the amount that you will be purchasing.
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  10. Read the Terms of Service and tick the checkbox if you agree. If you do not agree to the Terms of Service, cease the transaction.
  11. Click Confirm. 

CoinJar for iOS and Android

  1. Click on Buy/Sell in the bottom menu bar.
  2. Select a cryptocurrency and then “Buy”.
  3. Select your payment method - if you've already linked a credit/debit card, skip to step 6.
  4. Select Link a credit or debit card.
  5. Enter your card number and select your desired billing currency.1
  6. Select your newly linked card as the payment method.
  7. Specify the amount you wish to buy in AUD and click Next.
  8. 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
  9. Carefully review the fee, the conversion rate, and the amount that you will be purchasing.
  10. Read the Terms of Service and tick the checkbox if you agree. If you do not agree to the Terms of Service, cease the transaction.
  11. Click Confirm. 

 

  1. If you select a currency other than your home currency, you may be charged a foreign exchange fee by your credit card provider.
  2. 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 and account limits for Instant Buy 

Fees

Most digital currency purchases using Instant Buy will be charged 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

Account limits apply to Instant Buy purchases. Most CoinJar members will be able to purchase up to $10,000 worth of digital currencies 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.

Digital currencies purchased via Instant Buy are not held in the reserved balance.*

* subject to change

 

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