CoinJar is a global personal finance company with origins in Melbourne. People registered with CoinJar can easily buy, spend, convert bitcoin to dollars and withdraw amounts to their own bank account. With over 70,000 customers, CoinJar as processed over $100m worth of transactions.
CoinJar provides simple tools to manage digital currencies. CoinJar uses multi-factor authentication (e.g. password plus SMS verification) to ensure customers' bitcoins are safe, even if a password is compromised. As an additional layer of protection, CoinJar store the majority of customer bitcoin holdings offline.
CoinJar is backed by leading investors AngelCube and Blackbird Ventures. The Sydney Morning Herald listed CoinJar as one of the 13 Australian start-ups to watch in 2016.
CoinJar use best practices for verifying new customers identity which will provide CoinJar excellent credentials to become a registered exchange under Australia's forthcoming exchange laws.
CoinJar's registration process is very simple and below is a short video demonstrating the process.
The most difficult and frustrating part of the registration process is setting a password for the account, CoinJar are stringent on the strength of the password and many people I have spoken to have said they "just gave up."
Once your account is created, you will need to have your account validated, Next.