🇦🇺 Binance vs. CoinJar for Australians

Data Updated: Mar 15, 2022

✅ Winner: 

Binance beats CoinJar overall because it has more coins, lower fees and spreads, free AUD deposit and withdrawals and more. However, for beginners, CoinJar is the better platform because it's easier to use.

Binance has 350+ coins (versus 40 on CoinJar), 0.10% trading fees (versus up to 1%), a 0.07% spread on Bitcoin (versus 0.84%) and a 0.15% total purchase fee when tested (versus 1.09%).

How We Tested

To compare these platforms, we broke them down into 5 main categories: Fees, Features, Deposit & Withdrawals, Security and Ease of Use. Then, we collected over 50 features and 100 data points using live accounts to decide the winner. 

RankFi tracks dozens of crypto products. Lean more about our methodology here.

Header
Binance

Binance

Coinjar

CoinJar

BEST OVERALL

✅ Winner

Cell

FEES

✅ Winner

Cell

COINS & FEATURES

✅ Winner

Cell

AUD DEPOSIT & WITHDRAWALS

✅ Winner

Cell

SECURITY

✅ Winner

Cell

EASE OF USE

Cell

✅ Winner

BONUS

10% off trading fees forever + up to $100 free

N/A

OPEN ACCOUNT

Fees

*Binance prices tested Feb 14 & CoinJar Feb 18, 2022

Binance

CoinJar

Cell

Winner

Cell

Total BTC Purchase Fee

0.15%

1.09%

Total BTC Selling Fee

0.12%

1.75%

Trading Fee

0.10% or less

Regular: 1.00%

Pro Exchange: 0.10% maker / 0.00% taker

Trading Fee Discounts

✅ Yes

✅ Yes

BTC Spread

0.07%

0.84%

BTC Buy Price*

$59,871

$55,859

BTC Sell Price*

$59,830

$55,442

Reference Price Difference

Buy: +0.05%

Sell: -0.02%

Buy: +0.09%

Sell: -0.75%

Reference Price (Google)*

$59,840

$55,859

Best AUD Deposit Fee

Free

Free

Best AUD Withdraw Fee

Free

Free

Crypto Deposits

Free

Free

BTC Withdrawal Fee

0.0005 BTC (SegWit)

Dynamic

ETH Withdrawal Fee

0.00625 ETH (ERC 20)

Dynamic

USDT Withdrawal Fee

35 USDT (ERC 20)

Dynamic

Features

Binance

CoinJar

Cell

Winner

Cell

# of Features

20+

10+

Coins

350+

40+

Mobile App

✅ Yes

✅ Yes

Instant Buy (beginners)

✅ Yes

✅ Yes

Advanced Trading

✅ Yes

✅ Yes

Bundles

🚫 No

✅ Yes

Staking

🚫 Restricted

🚫 No

Lending/Borrowing

🚫 Restricted

🚫 No

Other Rewards?

🚫 Restricted

✅ Yes

Margin

🚫 Restricted

🚫 No

Futures

🚫 Restricted

🚫 No

OTC

✅ Yes

✅ Yes

Native Token

✅ Yes (BNB)

🚫 No

Affiliate Program

✅ Yes

✅ Yes

24/7 Support

✅ Yes

🚫 No

Deposit Methods

Binance

CoinJar

Cell

Winner

Cell

Buy With AUD?

✅ Yes

✅ Yes

Hold AUD In Your Account?

✅ Yes

✅ Yes

PayID

✅ Yes (Free + Instant)

✅ Yes (Free + Instant)

POLi

🚫 No

🚫 No

Direct Bank Transfer

✅ Yes (Free + Instant)

🚫 No

BPay

🚫 No

✅ Yes (Free + 1-4 days)

Credit/Debit

✅ Yes (4.5% fee + Instant)

✅ Yes (2% fee + Instant)

Other

P2P Exchange

N/A

Withdrawal Methods

Binance

CoinJar

Cell

Winner

Cell

Cash Out AUD?

✅ Yes

✅ Yes

PayID

✅ Yes (Free + Instant)

🚫 No

POLi

🚫 No

🚫 No

Direct Bank Transfer

✅ Yes (Free + Instant)

✅ Yes (Free + 0-3 days)

BPay

🚫 No

🚫 No

Other

P2P Exchange

N/A

Security

Binance

CoinJar

Cell

Winner

Cell

Year Founded

2017

2013

Headquarters

🌎 Remote Company

🇦🇺 Melbourne, AU

Uses Cold Storage

✅ Yes

✅ Yes

AUSTRAC Regulated

✅ Yes

✅ Yes

Insurance Policy

Yes

✅ Yes

Any Hacks or Incidents?

✅ Yes: 2019

🚫 No

2FA

✅ Yes

✅ Yes

Address Whitelisting

✅ Yes

🚫 No

View Login History

✅ Yes

🚫 No

Crypto Withdrawals Allowed

✅ Yes

✅ Yes

KYC

✅ Yes

✅ Yes

Publicly Traded

🚫 No

🚫 No

Sign Up

Binance

Binance

Coinjar

CoinJar

Bonus

10% Off Trading Fees Forever & Up To $100 Free

N/A

Referral Link

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