CoinJar - Australia's first VC-backed Bitcoin startup

[Rodyland]

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

Don't take this the wrong way, but..... Can we get this in English please?

[1714133967]

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[1714133967]

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[redmetal]

Nice new sign up program, $5 free to sign up and be verified
https://filler.coinjar.com/r/034375f5

[goose20]

Anyone know/can explain how coinjar workout their buy price?

Its always been around the actual market price. But the market price for the last 24 hours has been $475-$478 or so and coinjar price has been $488-$490. Then they add their fee on top of that.

Seems like double dipping. Has there been an announced change in their pricing?

Thanks

[perlboy]

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.)

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

And, we come back to this and link it with this: https://blog.coinjar.com/2014/09/30/how-the-new-ato-guidance-affects-coinjar-users/

I wonder what the ATO will think about prior GST collections.. Hopefully Coinjar will get an exception on past transactions.

Good luck cause Mr. ATO isn't someone you want to annoy.

Thanks,

Stuart

[Gyrsur]

got an email and it sounds like zhoutong in his best days with Bitcoinica:

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.
 
Copyright © 2014 CoinJar Pty Ltd, All rights reserved.
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

oh, his other business came to an end. maybe he realized that serious business is not so easy for getting rich than stealing other people coins.

https://www.nameterrific.com/sunset

[js1985]

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

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.

Avoid Coinjar and any project this Zhoutong motherfucker has ever started, he always shafts his users

he is the scum of the bitcoin world

I still have domains stranged in his nameterrific project, and I heard he screwed users with bitcoinica project

[Sir_lagsalot]

Does coinjar use a shared wallet? Or does it have a new address for every single deposit

[OutCast3k]

Why is there not a huge warning in bright red flashing colours on this thread and coinjars website making everyone aware of Zhou Tong's background and history which meant many users lost their bitcoin in what looks like a huge scam??

https://www.reddit.com/r/Bitcoin/comments/2xfag9/psa_zhou_tong_created_coinjar_the_service_behind/

https://bitcointalk.org/index.php?topic=95795.0

https://www.youtube.com/watch?v=AypRF9q0llU

[CoinSkipper]

Why is the minimum loan 1 bitcoin? I've never many loans and I would have borrowed from you guys but you guys didn't let me buy 0.1 BTC.

[1future74]

@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 

[Kapz786]

@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 

They are very average - dont trust them one bit. BTC Markets is much better and cheaper.

[NickoCrypto]

I recently joined Coinjar and their support team are great though they recently made a change to their verification system, I used Austpost ID when I joined.  Now they want a JoP to verify my I’d documents and send them into them.

The problem is they want to hold your money for a minimum of 7days to deter fraudsters from using their exchange. However they never sent out any notification this would be happening and I have been locked out of the market for a week nearly and been unable to buy alt coin.

I also notice their BTC price is delayed or different from current market by a few hundred dollars.