Review on Coinjar Wallet by Temitope Babatunde
It Is An Australian Wallet
Coinjar Digital currency and Exchange Services is a company registered in England and Wales. Asher Tan and Ryan Zhou founded it in 2013 in Melbourne, Australia, it is this company that established coinjar wallet.
The wallet support ethereum, bitcoin, XRP, litecoin and Zec and Australia currency. The wallet has other features that makes it useful, for example it makes possible to exchange AUD for crypto. Traders can easily convert the Australian currency to crypto and vise versa. It also has the backing of certain financial institutions.
The users will need to do KYC before they can use it. Many users are complaining that the customer care service of the company is not working fine. Also users are complaining of higher fee for the transactions done with coinjar wallet.
Pros
- The company behind this wallet is registered with Australia government.
- It has multifactor authentication.
- It has debit card which makes it possible for the users to spend their cryptocurrencies.
- Has support of about 5 cryptocurrencies and Australia dollar.
- Zero fee for transacting Ethereum, Litecoin XRP and Zec.
- 90% of users fund is stored in cold wallet.
Cons
- The wallet is not hierachical deterministic.
- Closed source
- Keys stored with the third party.
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Comments (1)
June 22, 2020
Coinjar Wallet is a crypto wallet that has multiple features, and one of which it supported to various cryptocurrencies to operate, which indeed is a very good target in market, it also has debit card which makes it easier for users to spend their cryptocurrencies.
