Bitcoin Forum

An Australian bitcoin buying site is great, but CoinJar?  ::)

It's not encrypted in the client - the user doesn't control the private keys.

Your reset password function is also broken FYI: "1 error prohibited this user from being saved: Reset password token can't be blank"

Seems pretty good and I may use it but why not a .com or .com.au or something?

It's a fair comment. We had two options to choose from, either Blockchain-style wallet or Coinbase-style wallet. We decided to go with the latter because we need full control over the whole user experience. This decision should make a lot of sense to many people if you have seen the one-click payment button on CoinJar Checkout page.

Also, managed wallet solution makes instant payment between CoinJar users possible without paying network fees. This instant payment is used by our own platform components. For example, when you buy Bitcoin from Filler, the Filler application will actually send money from its own CoinJar account to yours. We also heavily utilize the internal payment system to do our accounting and hedging.

Also, is this a shared wallet?

Not really. There's plenty of technical ways where you can allow the user to store the private key, and provide a one click checkout experience - for example, storing a encrypted (so only CoinJar can access it) paraphrase in a cookie. Giving a user access to their private keys is important as anything that relies on Bitcoin address will not work.


I saw that! (Pretty sleek UI btw) - that is actually possible while letting a user control their own private key too. The same way where you can make a multi currency wallet.

Sure, it would take some time to develop, but seeing as what happened with Bitcoinica..

Bitcoin is designed^[1] where each user has access to their own private keys. Going against this will mean that when you get hacked, it's bankruptcy for you, instead of a "Oops, we'll have service restored soon". Sites get hacked all the time, especially when there a multiple vectors. Take a look at Sony, Facebook, Microsoft, Apple, Google. Luckily, they don't store the most liquid form of money :)

¹: "A generation ago, multi-user time-sharing computer systems had a similar problem.
Before strong encryption, users had to rely on password protection to secure their
files, placing trust in the system administrator to keep their information private.
Privacy could always be overridden by the admin based on his judgment call weighing the
principle of privacy against other concerns, or at the behest of his superiors. Then
strong encryption became available to the masses, and trust was no longer required.
Data could be secured in a way that was physically impossible for others to access, no
matter for what reason, no matter how good the excuse, no matter what.
Its time we had the same thing for money. With e-currency based on cryptographic
proof, without the need to trust a third party middleman, money can be secure and
transactions effortless."

-Satoshi Nakamoto

What if you get a court order to freeze/seize someone's account? That's simply not possible with Blockchain.info-styled wallets. With growing crackdown on "money laundering" and how the blockchain is 100% public, imagine some rubber stamped warrants for Bitcoins with known silk road taint :(

Anyways, you guys have made the decision to go with a shared wallet. Best of luck, I'm just expressing the concerns and problems with shared wallets in general.

I just signed up, the site looks very nice!
One question - is there plans to implement some form of 2 factor authentication like Google Authenticator?

Also I just arrived in Melbourne today and - it seems - JUST missed the bitcoin meetup :(

Hi Zhou, just signed up, was wondering if you were going to implement a 'buy order' feature, where the order is automatically executed when the price falls to a preset price?

Very interested in the Checkout feature and paypal compatible API, but why does that need to be restricted to Australia only.

I work with several online merchants that would add bitcoin as a method of payment to their sites if there was an easy way to integrate with what they are already using and this sounds like it might make that possible.

Nice to see you back and best wishes on the new venture.  You coined the word "zhoutonged" :)

Are you accepting customers as of now? I am really tempted to buy a couple BTC from you :P

Well it looked good enough for me to send them my cash. Definitely needed in oz.

None of the other bitcoin sellers in Australia demand any personal info...

Zhou tong is back? This will be interesting.  ::)

You guys claim to be instant, but I have been told by friends that have tried to use this service, that it is not instant. 

One of my friends deposited money on a Friday and could not get bitcoins from you guys until Monday!!  (you guys really should not be claiming instant bitcoins - It's false advertising)


I also really don't like the fact that we have to put so much personal information into your website before being able to buy coins, that is why people hate using Mt Gox.

None of the other bitcoin sellers in Australia demand any personal info...

Damn it... I just got caught in their NON-instant btc.

I've been only positive of coin jar as I've made several transactions. All have been quick smooth and instant. All have been for $100.

I just transferred $500 into btc but no instant coins...

I had an online purchase already to go and now I dont have enough btc to buy.

Damn it, I thought you guys were INSTANT coin jar.

Yeah man, I am really concerned after reading about the founder of this website.
I read on many threads that he has scammed many people with previous websites...
[search Zhoutong]

Some have actually coined the term: "getting Zhoutonged" meaning to get ripped off or raped... "to loose all your BTC"
https://bitcointalk.org/index.php?topic=63831.0

I have always been a big believer in "if it sounds too good to be true, it usually isn't"... 2% fee just doesn't sound like it is a sustainable business model.  All the other websites charge much higher fees, SpendBitcoin is the highest and his website explains very well why the fees are so high in Australia.

To be fair, I have friends who have used this new CoinJar service and got their Bitcoins fine (although not instantly as claimed)...  However, that is how scams usually work, build everyone's trust and then scam hard for heaps of money.

The fact that all the money and bitcoins in your CoinJar account are held in their possession is very scarey.

 

I signed up to check you guys out, then jaw drops, seriously have you guys done your research on this? You know why there's no others doing this?
There's been a few attempt at this by others you do know that? You know why they've failed?

I signed up to check you guys out, then jaw drops, seriously have you guys done your research on this? You know why there's no others doing this?
There's been a few attempt at this by others you do know that? You know why they've failed?

Care to point out some hints?

We're VC-backed so I'm fairly sure that we (and our investors) have done thorough research on everything we've done so far. At the very least we have access to professionals in the field.

It'll be great if you can be more specific in your questions.

ok then so you don't know and you never actually did the ground work......OTHERWISE YOU WOULD NOT ALLOW DIRECT TRANSFERS INTO YOUR BANK ACCOUNT FROM CLIENTS BANK ACCOUNT......101 of trading btc in Oz dumbass

and don't even comback saying oh but we sat down with the banks business advisors told them what we were doing and its all cool with them....lol cause that means squat.


BTW not attacking what you guys are doing, your platform is good, your fees are great and a breath of fresh air in Oz (but trading via bank transfers will be your undoing).

ok then so you don't know and you never actually did the ground work......OTHERWISE YOU WOULD NOT ALLOW DIRECT TRANSFERS INTO YOUR BANK ACCOUNT FROM CLIENTS BANK ACCOUNT......101 of trading btc in Oz dumbass

and don't even comback saying oh but we sat down with the banks business advisors told them what we were doing and its all cool with them....lol cause that means squat.


BTW not attacking what you guys are doing, your platform is good, your fees are great and a breath of fresh air in Oz (but trading via bank transfers will be your undoing).

coinjar is the next attempt of zhou tong in stealing your coins like bitcoinica

HE WAS RESPONSIBLE for the bitcoinica hack.. guilty as pirate.

don't buy bitcoins from him. I suggest btcquick or mtgox

Name:   hennessyhemp
Posts:   183
Activity:   154
Position:   Full Member
Date Registered:   February 16, 2013, 06:33:27 AM

You are now attacking the messenger. This is an ad hominem attack. I can clearly see how you were able to manipulate everyone into giving your coins for Bitcoinica for you to run away, with your professional fraudster skills.

+1 to coinjar, really quick processing and low fees compared to others.

Only had one issue which was about a week ago with the manual transfer thing, but that was sorted out pretty quickly.

Do you accept cash trades at your office? It'd be really handy if you did.

Hi coinjar & Co,

Firstly, congratulations on launching a service which many in Australia will no doubt use. I do have one question though, you specify there's only 2% on the current spot price. For Australian customers does this include the GST element of 10%? If it does and given that once your revenue exceeds $75K you would be required to charge GST how is charging 2% on current spot price sustainable?

Thanks,

Stuart

Without a specific ruling from the ATO, we consider Bitcoin input-taxed supply, just like shares, bonds, derivatives, foreign currencies and precious metals. That means you have to pay GST for goods and services when you make purchases using Bitcoin.

The 2% fee itself already includes GST, because we charge 2% for the service we provide, and we will absorb it for now. (We may increase the fee to 2.2% if our profit is affected by GST, but there's no immediate plan.) Currently for CoinJar Checkout merchants, we give them access to a paper trail of GST paid, so they can easily claim GST credits if they are eligible.

(We are still in the process of GST registration, but the registration will be backdated to our incorporation date.)

On a side note, is there any plan to incorporate google 2FA in CoinJar?

Ok, and further to this since you're targeting the use of a tax ruling associated with financial services and intend to onsell them to end users (essentially acting a currency exchange) does this mean coinjar has an Australian Financial Services license and conversely is coinjar registered with AUSTRAC to ensure money laundering regulations are adhered to?

have just made first deposit into coinjar to purchase bitcoins, hoping for an easy happy experience, will keep everyone posted. aint gunna be leaving my coins there but tranfer straight to QT client

great service very good all aussies should jump on this service

Seems too good to be true. Unless they have a clever new way to do verification they will suffer the fate of Bitpiggy (https://bitcointalk.org/index.php?topic=82045.msg920816#msg920816). Also they are exposed yet trying to play the regulatory gray area as to whether Bitcoin is a financial product or not.

Yeah, wonder how many reversed transactions they'll absorb before things change?  Even bitinnovate, that only accepted over-the-counter cash deposits, closed their doors....

They do have a progressive limit raising system where your limit goes up for each successful transaction, and a 7 day hold on the first transaction (which is limited to $100). This will help protect them from casual scamming.

The fact that they claim their product is taxed as a financial product but they're not registered to deal in financial products is another worry.

Some people are bothered by the fact Mr. Zhou is a principal. I wasn't on the scene then but apparently he has a controversial history with his previous ventures.

Another pink flag is the very low spread they charge. AFAIK it is far tighter than any competitor in the Australian market which makes you wonder, why? A grocer undercuts his competitor by 5c, not a dollar. Businesses with extraordinary prices often have non-business motives, such as scamming or money laundering.

Can we get an update due to the stupid CBA news - would a Coinjar NAB to Commbank withdrawal not be advisable/safe?

Half considering quitting CBA if there's any chance they'll treat me the same (though my volume is 100x less that CoinJar's).

We really don't have further information at this point. Yesterday all of our directors received notice from CBA that our personal accounts will be closed, but today when I called back again they said that was just a "current decision" and investigation was still in progress.

All sell orders are still stalled because we can't access client funds. There's not a single cent available under CoinJar Pty Ltd as we do not keep company cash. (But our all our Bitcoin are safe and we are still accepting buy orders as normal.)

Ok, and further to this since you're targeting the use of a tax ruling associated with financial services and intend to onsell them to end users (essentially acting a currency exchange) does this mean coinjar has an Australian Financial Services license and conversely is coinjar registered with AUSTRAC to ensure money laundering regulations are adhered to?

Congrats on the milestone,

Love the service,

I would like to ask one thing, When selling BTC can you give the option to choose the amount of BTC or AUD rather than just AUD?
This would make selling alot easier,

Cheers,

Congrats on the milestone,

Love the service,

I would like to ask one thing, When selling BTC can you give the option to choose the amount of BTC or AUD rather than just AUD?
This would make selling alot easier,

Cheers,

zhoutong, what happened to the third guy on the team?  I remember there was an engineer (Jerrold Poh?) and now it's just you and Asher.  See here:

http://coinjar.io/about

+1

I often go to sell my btc and forget instantly how much I currently have so I have to go back to the coinjar wallet and double check (about 5 times because of my memory).
Also when selling BTC it would be good to place orders, as I am often refreshing to get that 1$ extra when the price is fluctuating.

Done! We have deployed the feature just now. You can choose to place buy or sell orders in both AUD and BTC. In most cases you should get the exact amount, but fluctuations can also happen in which case you can always cancel and create the order again. (This is a tricky feature to implement because Filler and Checkout platforms are entirely independent and they don't trust each other.) Thanks!

Done! We have deployed the feature just now. You can choose to place buy or sell orders in both AUD and BTC. In most cases you should get the exact amount, but fluctuations can also happen in which case you can always cancel and create the order again. (This is a tricky feature to implement because Filler and Checkout platforms are entirely independent and they don't trust each other.) Thanks!

I'm getting an error "Global maximum reached" when selling bitcoin.
Modified on: Thu, Sep 5, 2013 at 6:54 PM

Looks like today's been a popular day for selling bitcoin. CoinJar has reached its limit of allocated bitcoin sell orders for today ($20,000 as of 28/8/2013). Try checking back in 6-12 hours.

No response yet on if I will get this confusing bitcoin quote fixed. Looks like it won't go through anyway as they have a 20k per day sale limit which was hit today.

From Coinjar's FAQ.

I have done bank transfers using your site before to buy bitcoins but I can't anymore. Why is this?

Well thanks to mtgox's inability to do cashouts and btc-e having bitcoind offline for over 24 hours I finally decided to give coinjar.io a whirl.

I have to make the following statements:

• I do have reservations about zhoutong, but the PR team behind coinjar.io have been great at engaging the community directly without side stepping any questions, they have also gone to above reasonable lengths to ensure they are easy to contact.
• For someone living in AU, it does seem to be an extremely convenient cash out method
• The rates are good to fair.
• Im unfamiliar with their coin hosting service, but it seems to work well.
• Trust for the site can be limited to whatever you feel comfortable depositing, I suggest doing regular increments as opposed to huge dumps.
• The UI is clean, but it needs a touch more work. That being said, after 1-2 transactions its very easy to find your way around.
• 3 Test cashouts later with a 4th just started and I have to say, the transfer time for me as a bankwest customer is 1-2 business days, very convenient

So, consider me your grumpiest most cynical sceptic that still likes to think of himself as "reasonable" ......Im impressed. 
Keep up the great work and I shall continue to use this nice service in bigger increments as my trust builds.

Thanks for your nice feedback. We are still improving everyday and we expect the service will be even better over time. It's our vision to bring digital currency like Bitcoin to the real world.

As for your reservations, I completely understand. CoinJar is my fresh start. You can trust that my co-founder and our investors have made a good decision to work with me to contribute to the Bitcoin economy.

Sold 1 btc last night, sales order still showing as pending this morning.

http://i39.tinypic.com/atral3.png

I'll chase up zhoutong and see whats what.

CoinJar is a participant of the Direct Entry system through our bank NAB. We only clear our books once every business day because otherwise it would make no difference in processing time. In most situations proceeds from Bitcoin sell orders should be received by the end of next business day.

I can see that your payment has been released.

ok been using coinjar for a while now, pretty good, nice interface, though a tad confusing, buy bitcoins/sell bicoins would be easier inmho that filler, and buy and sell nested under that

noticed

[1] CBA fell off, exactly what happened, I could not see the full story ITT
[2] So NAB now?
[3] Read TF's comments, would like a private key option....
[4] The rates are good 2% but even with PIP points at 2, not sure how you do it....I mean where are you buying from?
[5] Since the engineer left, who is doing the codebase? It looks like a lift from coinbase, but still alooot of work to keep it all running and mod it to Oz banks, do you hire people in?

I admire your efforts to date...!

Finally, the wait is over. We just launched CoinJar for iPhone, the best and most beautiful Bitcoin wallet designed for iOS devices.

You can now use your iPhone to easily manage your Bitcoin wallet on the go, and quickly send/receive payments using the Bitcoin network. As a bonus, you can access to CoinJar Fair Rate™ right from your smartphone and even do simple calculations.

This is just version 1.0, so there might be some minor issues. We are collecting user feedback and suggestions. Please contact us at feedback@coinjar.com or visit https://support.coinjar.com if you want to share your thoughts or need help. A new version of this app will be available in the next few weeks.

Download it for free from the App Store: https://itunes.apple.com/au/app/coinjar-for-iphone/id725209873?mt=8 (https://itunes.apple.com/au/app/coinjar-for-iphone/id725209873?mt=8)

Note to 2FA users: You cannot sign in to the iPhone app when 2FA is enabled (because 2FA support wasn't built into the client). The workaround for now is to disable 2FA from CoinJar temporarily, sign in, and re-enable it again. The token credentials will be securely stored in your device keychain until you sign out. CoinJar for iPhone doesn't remember your password, so even if you change your email/password on the website, the mobile client will still be linked to your account.

We had some issues with NAB's system recently and the bank wasn't able to report intraday payments to us in real-time due to the huge volume we have been doing lately. CoinJar is processing over $2 million per month and we are constantly looking for more scalable ways to handle our banking.

I had a fast-track deposit made on Monday that wasn't processed until overnight. Cost me a bit as I missed a dip in the buy price. I got an email from them saying:

I'm worried if we're going to see the same thing here as with bitconica scam.

I am getting very nervous i wish i never signed up and deposited $400

I have already written it down as a loss.

Nab to Nab since friday, no idea why its still not in my account.

If not in soon i will personally fly down to melbourne to visit their office to find out where is my money (no threat)

sort it out guys this is ridiculous.

Is coinjar back up and running properly? I was about to make my first deposit but this thread made me hesitate. What would be the next best site for an Australian to purchase BTC, I dont want to solely rely on Coinjar in the future.

...the best and most beautiful Bitcoin wallet designed for iOS devices.

Ryan is a veteran entrepreneur and Bitcoin guru. Technically and commercially adept, he’s founded several successful startups and remains a prominent figure in the Bitcoin community.

-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1

* On Friday, July 13 I was notified by MtGox that somebody had gain unauthorized access to Bitcoinica's MtGox account. I was also notified that most of the redeemable codes used in the heist were exchanged through AurumXchange on July 12.
* At the time I was on an extended weekend vacation with very limited internet access. I immediately notified Mark Karpeles at MtGox as well as Charlie Shrem at Bitinstant that I would take a closer examination of the situation on Tuesday upon my return.
* Upon closer examination of our database on Tuesday, I discovered that the hacker had indeed exchanged the MtGox coupons to Liberty Reserve through our instant exchange facility. The hacker had also exchanged Liberty Reserve back to MtGox presumably in an effort to conceal and/or "launder" the funds.
* Over all, the hacker exchanged a total of $61,875 USD from MtGox to Liberty Reserve, and a total of $17,500 Liberty Reserve to MtGox, for a grand total of $44,375 MtGox to Liberty Reserve. After our fees, this number amounts to approximately $40,000 USD.
* These orders were placed on our systems between 2012-07-12 11:46:48 and 2012-07-12 19:41:27 UTC.
* The IP addresses used by the hacker belong to TOR exit nodes to my understanding, and are as follows:

31.172.30.1
31.172.30.2
31.172.30.4
77.247.181.165
146.164.91.248
78.108.63.44

* The Liberty Reserve account used by the hacker is U9236056.
* The email address used by the hacker was stevejobs807@gmail.com.
* To my surprise, upon further examination of our order system, I found an order from Zhou Tong to sell Liberty Reserve to us for the amount of USD 40,000, requesting a wire to his bank account in Singapore. The amount for the order closely matches the total USD exchanged through us (after fees) using the MtGox USD codes stolen from the Bitcoinica account.
* This order was placed the next day the hacking attempts occurred. In addition, it should be noted that Zhou Tong has never dealt with us before as an exchange customer.
* This information was immediately sent to our two biggest trusted business partners: MtGox and Bitinstant in an effort to join forces to further investigate this situation.
* Mark Karpeles indicated that there was an account opened at MtGox using the email stevejobs807@gmail.com sometime in 2011.
* Mark replied stating that there was activity on this account, that the account was opened using an IP address belonging to Microsoft Singapore, that Zhou Tong was known to have worked for said company at said location, that the email stevejobs807@gmail.com have been verified, and that ALL activity on this account is linked to the MtGox account belonging to Zhou Tong.
* Mark has also indicated that the very first operation on the MtGox account opened with email stevejobs807@gmail.com was the redeeming of a 10 BTC MtGox code generated from Zhou Tong's account.
* Charlie indicated that Erik Vorhees (a well known member of this community) has emails he exchanged with Zhou using the email address stevejobs807@gmail.com.

At this time, it appears that there is an overwhelming amount of evidence linking Zhou Tong personally to the Bitcoinica account hack at MtGox. Our legal department has advised us to freeze the funds for the exchange order mentioned above until further investigation by the authorities and/or legal proceedings are concluded.

Both Charlie and Mark have informed the current Bitcoinica owners of the situation and advised to start legal proceedings as soon as possible.

Posts corroborating this information from both MtGox and BitInstant will follow. I am technically on vacation until mid august with limited internet access, however, I will attempt to answer any questions the community might have as often as possible. Please understand that some information will not be released until all legal proceedings have been concluded.

Sincerely,

Roberto Gutierrez
General Manager
The AurumXchange Company
https://www.aurumxchange.com
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Melbourne, Australia-based startup CoinJar announced it will receive “Australia’s first major bitcoin investment”, signing a deal with local venture capital firm Blackbird Ventures to the tune of A$500,000 (US$455,000). The money will come from a group of individual investors with years of technology and startup experience.

CoinJar, founded in February 2013 by local entrepreneurs Asher Tan and Ryan Zhou, is a bitcoin buy/sell exchange and online wallet service with a clean and simple interface that allows customers to link certain bank accounts for direct transfers in and out of the system. It has also developed an iPhone app available internationally and CoinJar Checkout, a payment processing system for merchants with daily transfers from bitcoin to local fiat currency.

It's very hard to say without subscribing to your website and sending coins, how much exactly I get from you for 1 coin in AUD at any given time.

It's very easy once logged in.

It's very hard to say without subscribing to your website and sending coins, how much exactly I get from you for 1 coin in AUD at any given time.

All sites that buy coins in AU basically say it on the first page, like $1234 + 5% and do not require any subscription, you just fill in your bank details, get a quote - before sending coins - and then send coins if you're happy.

Your service for selling coins seem to be very unclear and unnecessarily complicated.

so those other sites did not collect AML or KYC documents?

Not for selling for sure, I've never bought coins in my life so can only talk about selling, you can google "sell bitcoin Australia" and see for yourself, normally it's just one page where as I said you first get a quote for the desired amount, then fill in your email and Australian bank details, that's it. I'm no expert but I believe they operate legally and some of them do it for a long time, so demanding anything more than that simple interface seems unreasonable.

To see this, do you need to send coins to them first?

Also, can you please tell me what is that bank account verification procedure?

To get the current spot price I just go to coinjar and click "Filler" at the top - that takes you to the spot prices. You have to sign up to get a quote - I dont think you have to send coins to get a quote, but Im not 100% sure on that point.

Warning: CoinJar Filler can take Bitcoin out of your CoinJar at any time.

whats this all about please explain?

CoinJar Filler is just an app for CoinJar. When you sell Bitcoin, you are not authorising a payment directly in your wallet, so you need to give CoinJar Filler authority to take Bitcoin out of your CoinJar. We obviously own both services so this is just a matter of explicit consent.

You won't be charged anything if you don't place a sell order.

my concern is "at any time"

does this mean say I had 1 btc in coinjar, you could just come and take that so meet some other short term supply demand....?

also when you say wallet you you mean my coin jar wallet?

Can someone from coinjar pls PM me regarding a transaction I am trying to do that requires human intervention? Want to use coinjar to trade but need something done first.

Coinjar will make $1k commission from me, so please pm me :)

I deposited $1000 cash a week ago, it is still not in my account and they are not replying to me.

I accidentally used the same deposit reference as a previous deposit - so it looks like if you do that, they just keep your money.

Anyone got a phone number or a street address so I can go and get my effing money from them?

Id just like to voice my support for coinjar.io

Im no fan of zhoutong at all, I still consider what happened with bitcoinica to be an ugly corrupt mess with him at the center of it all.

That being said, I have used coinjar.io frequently over the last 4 months and they have enabled me to pay off my house with my bitcoin investment.
Ive processed nearly 1/2 a million AUD through their site without any issues.

Good work coinjar.io

I've used Coinjar before once, and everything went as advertised.
But this second time I am having problems with my deposit at the bank not coming through (filler still doesn't show the money in my account).
As I have used their printout NAB deposit slip, there can be no mistake on my part.
24 hours later - no money, coinjar isn't replying to emails or tickets raised at their site.
Not happy.
Will go elsewhere next time.
Buyer beware coinjar, definitely.

I've used Coinjar before once, and everything went as advertised.
But this second time I am having problems with my deposit at the bank not coming through (filler still doesn't show the money in my account).
As I have used their printout NAB deposit slip, there can be no mistake on my part.
24 hours later - no money, coinjar isn't replying to emails or tickets raised at their site.
Not happy.
Will go elsewhere next time.
Buyer beware coinjar, definitely.

I've used Coinjar before once, and everything went as advertised.
But this second time I am having problems with my deposit at the bank not coming through (filler still doesn't show the money in my account).
As I have used their printout NAB deposit slip, there can be no mistake on my part.
24 hours later - no money, coinjar isn't replying to emails or tickets raised at their site.
Not happy.
Will go elsewhere next time.
Buyer beware coinjar, definitely.

NAB severs ties with bitcoin vendors.
https://blog.coinjar.com/2014/04/10/nab-bitcoin-and-you/
Basically after May 2nd CoinJar customers will no longer be able to deposit AUD through National Australia Bank.

bump, $50 came though no issues.

I heard through the grapevine that coinjar has already switched to a new bank from NAB, so well done to them :)

Become a part of CoinJar's evolution. Apply now and get early access to our new Swipe™ card and all new apps.

Is coinjar still operating?

Hi Bitcointalk,

I'm Ryan Zhou (aka zhoutong). I recently joined a Melbourne-based Bitcoin startup with two other co-founders Asher (Australian economist and business writer) and Jerrold (Enterprise software engineer with 10 years of experience). I think it's great to give bitcointalk forum members a quick update and overview about what we are doing and how we are improving the Bitcoin economy.

CoinJar: https://coinjar.io/

"CoinJar is a Melbourne-based startup bridging the divide between digital currency and the dollars in your wallet. Bitcoin was naturally the best place to start, being the world's leading digital currency. Founded in 2013, we quickly caught the eye of early start-up investor AngelCube who have generously provided us seed funding and mentorship."

Currently we offer three Bitcoin services:

CoinJar

CoinJar is a hosted Bitcoin wallet ("hosted" means "store just enough for transactional purposes and NEVER use it for savings") that integrates well with other parts of the platform. To be honest, there's nothing too much we can innovate on Bitcoin hosted wallets because they are so simple. However, we aim to deliver the best possible user experience. Aside from the web, we are also building an iPhone app for CoinJar wallet with great mobile experience (finally).

Please note that CoinJar wallet is a full-reserve platform with automated sweep to cold storage and we will never use customer funds for our business expenses. That said, be aware with any hosted wallet service. We recommend against our users to use CoinJar for Bitcoin savings. Always use cold storage!

CoinJar Checkout

CoinJar Checkout is the best Bitcoin merchant solution. We provide a PayPal-compatible API (in addition to our standard RESTful API) to help any online merchant to integrate. On top of that, industry-standard features: 1% fee, daily settlement in local currency (Australia only for now) and exchange rate guaranteed for 15 minutes.

CoinJar Filler

This is our killer app. Most other Australian Bitcoin buying sites charge excessive fees (usually 8-10%) and we really HATE to see that. A high fee will severely limit adoption and result in bad consumer confidence. Even though Australia has a well-developed financial system, when it comes to anything related retail foreign exchange services, it's a straight-up nightmare (even major banks in Australia all charge ridiculous ~4% spread each side for AUD/USD TT rate). As a full-service Bitcoin startup, we have sufficient liquidity available from our merchant solution and arrangements with institutional forex brokers (who give us wholesale rates), we want to pass on the savings to consumers by charging a just 2% flat fee.

Both Checkout and Filler are Australia-only for now, but we are definitely interested in expanding overseas. (Contact us at info@coinjar.io if you're interested in partnerships. Please reference this post when you contact us.)

We also have a by-product:

Melbourne Bitcoin Euthusiasts meetup! (http://www.meetup.com/Melbourne-Bitcoin/)

I attended yesterday's first meet-up session with 17 other Bitcoiners. It was really a great event and CoinJar plans to do it approximately every two months. So please join the meetup group if you're located in Melbourne!

Let me know if you have any feedback with our service offerings. Feel free to comment in the forum post.

We are in the process of setting up a company bitcointalk account.

Yes. I get regular emails and have used them many times.

Start off with a small purchase if you are tentative (if you are new they limit your buying ability and build it up over each subsequent trade in any case).

this is become a competitor of bitcoins
but you fix the system, until it's same as bitcoin system
thanks

Ok, and further to this since you're targeting the use of a tax ruling associated with financial services and intend to onsell them to end users (essentially acting a currency exchange) does this mean coinjar has an Australian Financial Services license and conversely is coinjar registered with AUSTRAC to ensure money laundering regulations are adhered to?

Stuart

It's your last chance to claim $5

Hi Stupid

You are eligible to claim $5 when you activate and identify with CoinJar. This offer ends on Friday 25 October, so don't miss out - activate and get identified now.
 
Claim your credit now.
Activating Filler and getting identified lets you buy and sell bitcoin and makes you eligible for CoinJar Swipe, our bitcoin EFTPOS card.
 
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CoinJar users who have opted to receive communications from CoinJar.

Our mailing address is:
CoinJar Pty Ltd
P.O. Box 116
Collins Street West, VIC 8007
Australia

Please submit a ticket on https://support.coinjar.com/. I'm mainly working on technical stuff but there will be other people in the team to help you out while I'm not available.

@GetCoinJar whats going on with the support ,,, This just so slow..... 2FA is locking people out without any reason,,,, website has Bugs .... Requested deposit Cancellation from Bank.... #Coinjarsupportstepupthegame