How to Setup a CoinJar Account in Australia

How to Setup a Bitcoin Account with CoinJar

Setting up an account with CoinJar is pretty easy, just follow the steps below to create your account and buy your first Bitcoins!

  1. Creating your account
  2. Verifying your account
  3. Linking your bank account
  4. Depositing funds
  5. Buying Bitcoin
  6. Sending Bitcoin
  7. Withdrawing funds

If you get stuck, see our section below on Frequently asked questions & help.

1. Creating your account

You can signup either using a computer, laptop or mobile. If your on computer use the web page, if your on a mobile use the iOS or Android mobile app.

  1. Go to the CoinJar web page or CoinJar mobile app (and download the app).
  2. Click "Sign Up"
  3. Enter your name, email address and choose a password (at least 8 characters long)
  4. Go to your emails account and click "Confirm my account" (orange button in the email you received from CoinJar).
  5. That's it! - Your account is created and you can now verify your identity.

For more information on sign-up and protecting your account, please read CoinJar support articles: First steps with CoinJar and Signing up to CoinJar.

How to create a CoinJar account screenshots

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2. Verifying your account

You must verify your identity with CoinJar as part of the government legislation. Instructions below are for verifying a personal account (if your verifying a company account its similar but instead of using the App to verify you download some forms and send them to CoinJar).

  1. Log into your CoinJar account and click "Get verified now".
  2. Select your account type. "Click Individual" if it's your personal account.
  3. Download the CoinJar app & sign in.
  4. Verify your device by scanning the QR code with your phone camera.
  5. Click "Get Started with your CoinJar account" and follow the verify identity instructions.
  6. That's it! - You should receive an email saying "Your CoinJar is fully verified".

For more information on identity, please read CoinJar support articles: Verifying your identity and ID verification for your company, trust, or Self Managed Super Fund.

How to verify your identity with CoinJar screenshots

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3. Linking your bank account

It is recommended to link your Australian bank account to CoinJar to make it easy for depositing and withdrawing funds. This is how you do it.

  1. Log into your CoinJar account and click "Add bank account".
  2. Add your bank account name, BSB and Account number.
  3. Wait 1-2 business days and check your bank account for 2 small credits.
  4. Go back to your CoinJar account and click "Verify now" under Linked Bank Accounts.
  5. Enter the small credit amounts (example 0.09 and 0.14) and click Verify.
  6. That's it! - Your bank account is linked (and should show as verified in green text).

For more information on linking your bank account, please read CoinJar support article: Linking your bank account with CoinJar.

How to link bank account with CoinJar screenshots

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4. Depositing funds

Before you can buy Bitcoin you must deposit some funds into your CoinJar account. There are a few ways to do this, the easiest is BPAY bank transfer.

  1. Log into your CoinJar account and click "Quick deposit".
  2. Select BPAY and note the Biller Code and Ref number.
  3. Go to your bank account and pay the BPAY (same way you would pay a utility bill). The Australian dollar amount is totally up to you (minimum $10 and maximum $10,000). The bank statement will say "Payment Technologies".
  4. Wait 1-3 business days and your funds should be in your CoinJar account. You will get an email when your funds are available.
  5. That's it! - Your now ready to buy some Bitcoins.

For other deposit methods read CoinJar support article: Depositing funds from your bank account to CoinJar.

How to deposit funds into CoinJar screenshots

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5. Buying Bitcoin

To buy your Bitcoin follow the steps below.

  1. Log into your CoinJar account and click "Payments".
  2. Click Transfer
  3. In the From, select "Cash Account". And in the To, select "Everyday Bitcoin".
  4. Type in the amount of Bitcoin you wish to buy (you can switch to BTC value if you prefer).
  5. Click Review and confirm
  6. Check all the information is correct, then click Pay now.
  7. Congratulations! - Your now own some Bitcoins.

For more information on buying other cryptocurrencies, please read CoinJar support article: Buying and selling digital currencies with CoinJar.

How to buy bitcoin screenshots

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6. Sending Bitcoin

Once you've bought some Bitcoin, you may wish to send it to someone, or to another trading account. This process can be a bit tricky so if you're a beginner you may want to do some research beforehand or get some help from someone who's knows what their doing.

  1. Log into your CoinJar account and click "Payments".
  2. Click on the Send tab (it might be already selected as its the first tab)
  3. Select From: "Everyday Bitcoin", Enter the BTC blockchain public address of the Bitcoin recipient (make double sure the address is correct and is a BTC address, not other coin).
  4. Enter the amount in BTC (if your unsure how much that is in AUD use Google "btc to aud").
  5. Click Review and confirm
  6. Check all the information is correct, then click Pay now.
  7. That's it! - Your BTC is sent. You can find the blockchain transaction id (TXID) under your "Everyday Bitcoin" account transactions. You can copy & paste this into a BTC blockchain explorer to see it's status.

For more information on sending funds from your account, please read CoinJar support article: Sending digital currency payments from your CoinJar.

How to send bitcoin screenshots

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7. Withdrawing funds

Withdraw funds back to your bank account is similar process to the buying Bitcoin step.

  1. Log into your CoinJar account and click "Payments".
  2. Click Transfer
  3. In the From, select "Cash Account" or "Everyday Bitcoin". And in the To, select "Your Bank Account".
  4. Type in the amount of AUD you wish to transfer.
  5. Click Review and confirm
  6. Check all the information is correct, then click Pay now.
  7. That's it! - Your funds should receive your funds within 1-3 business days.

For more information read CoinJar support articles: Withdrawing funds to your bank account and Expected bank withdrawal timeframes in Australia.

How to withdraw bitcoin screenshots

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Frequently asked questions & help

The CoinJar Support Knowledge base may contain answers to the questions you have.

Alternatively, you can contact CoinJar support by Opening a support ticket. They do not currently have a CoinJar support phone number.