Coinjar.io

Pretty happy with Coinjar at present - sold BTC this morning, fiat in my bank account this afternoon! :D :cool:
 
whinfell said:
Pretty happy with Coinjar at present - sold BTC this morning, fiat in my bank account this afternoon! :D :cool:
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I bought A BTC it was in my account in 30 seconds... They are going very well indeed
 
whinfell said:
Pretty happy with Coinjar at present - sold BTC this morning, fiat in my bank account this afternoon! :D :cool:
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Nice to hear - it has always been next business day for me.
 
capt.sparrow said:
The new ID rules applying from 1 December is a hellova dampener ... I'll be looking elsewhere going forward.
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Well, you trying to evade providing ID will only get harder and harder.
I just don't understand why you so want to not provide your ID.
The ATO will pickup any suspicious significant transfers to your bank account anyway.
 
Phiber said:
capt.sparrow said:
The new ID rules applying from 1 December is a hellova dampener ... I'll be looking elsewhere going forward.
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Well, you trying to evade providing ID will only get harder and harder.
I just don't understand why you so want to not provide your ID.
The ATO will pickup any suspicious significant transfers to your bank account anyway.
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lol - cos it's my right to have privacy and my transactions have sfa to do with anybody else.

I dont recognise the gov's "right" to intrude into all aspects of my life. Call me "unAustralian" then if you like! :lol:

Turtle 'em!!
 
I couldn't care less mate.
Rules of the game that's all. Whether you like it or not, if you transfer fiat to your bank account, it will be recorded.
 
yeh got to wrap them as well. limit withdrawal yesterday and in account this afternoon. Does anyone knownif you can organise to sell and withdraw more than the limit if you approach them before? Surely they have to be after some sellers.
 
Noppy, this is from their Knowledge Base:

If you plan to buy or sell a extraordinarily large amount of Bitcoin, feel free to create a ticket or email us and we will try to arrange a counter-party for you efficiently.
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http://www.coindesk.com/australia-bitcoin-exchange-coinjar-venture-funding/

Australian Bitcoin Exchange CoinJar Gets A$500,000 in Venture Funding

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.

The company claims on its website to offer the cheapest bitcoin trading solution in Australia with a 2% flat fee for buying bitcoin and 1.1% for selling. It has almost 10,000 current users in Australia and wants to use its extra funding as a platform to expand into other countries.
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Although I am pursuing directly - I have an issue with Coinjar right now - a sell order that completed on the 29th Nov still has not been released - so 4 business days - no money. I tested the process (and bank details) with a smaller amount previously and was successful getting paid after 1 day. I assume there is nothing untoward - will update the outcome.
 
I tried to sell BTC today on the dip and was getting a message saying coin jar ad exceeded its 24 hour transaction limit tis was the site and not my account ( I have not sold any today )

so getting out in the dips may not be all that easy
 
Court Jester said:
I tried to sell BTC today on the dip and was getting a message saying coin jar ad exceeded its 24 hour transaction limit tis was the site and not my account ( I have not sold any today )

so getting out in the dips may not be all that easy
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Perhaps you could sell it for fiat on an exchange - any regular exchange, even mt gox. Then you could rebuy at the bottom instantly without going through banking steps. You could also wait on that exchange with your new pile of fiat until coinjar starts working - then rebuy bitcoin at the current rate, and ship it quickly to coinjar to cash out in AUD, effectively giving you around the same rate as when you made the call to sell initially.
 
WOW... I have recently been using coin jar again a little, (since last novemeber) And have found the transactions to be super fast not compared with back then.. I Use NAB for my business banking and was only saying the other day to the idiot teller that they were one of only banks in AU to take money for BTC based companies..

all i can say now Is mutha f#$ckers,
I put through another deposit order for 2 BTC literally minutes before reading this...
After i got hacked and lost a shit ton off mcxNOW it's last hurdle i need... (but thats another story)
..
 
Coinjar has nearly a $20 premium over bitstamp and BTC-e, I mean I can understand the convenience and it makes sense to use is if you are buy 0.1 or 0.5 btc but anything over few BTC an overseas exchange is surely cheaper...

I wonder how many people behind the VC backing know about the huge theft a few years ago or even there current customers, talk about rewarding incompetence
 
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