Crypto Exchange comparison
Binance Australia vs CoinJar
Binance Australia and CoinJar both let you buy and sell crypto, but they cater to very different types of traders. Binance brings the global exchange's massive order book, advanced order types and 24/7 live chat support. CoinJar is the older, simpler Australian option — it offers an annual tax statement (Binance doesn't) and more deposit methods including Apple Pay, Google Pay and PayPal, but lacks stop-loss and conditional orders entirely.
Choose
Binance Australia
if…
- ›You want advanced order types — Binance supports stop-loss and conditional orders, CoinJar doesn't
- ›You trade actively and need 24/7 live chat support, not just weekday email
- ›You want a demo account to practice before trading with real money
- ›You prefer a desktop platform alongside the mobile app — CoinJar is mobile-only
- ›You want the lowest possible minimums — Binance lets you start with just $1
Choose
CoinJar
if…
- ›You want an Australian tax statement generated for you each year — Binance doesn't provide one
- ›You want to deposit using Apple Pay, Google Pay or PayPal — Binance doesn't support these
- ›You prefer an Australian-founded and operated company (founded 2013, backed by local VC) over a global parent
- ›You don't need stop-loss or conditional orders and value simplicity over trading complexity
- ›You want a platform that has been operating in Australia since 2013 with a longer local track record
Where they differ
| Fact | Binance Australia | CoinJar |
|---|---|---|
| Stop-loss & conditional orders | Supported | Not supported |
| Australian tax statement | Not provided | Provided annually |
| Deposit methods | PayID, bank transfer, debit/credit card, P2P | All of those plus Apple Pay, Google Pay and PayPal |
| Customer support hours | 24/7 live chat | Mon-Fri, 9am-3am AET (email/tickets only) |
| Desktop platform | Yes | No (mobile-only) |
Verdict
Pick Binance Australia for advanced trading tools and 24/7 support; pick CoinJar for simpler crypto investing with an annual tax statement and more deposit options.
All data points side-by-side
Every verified fact for both platforms. Differences are highlighted.
| Field | Binance Australia | CoinJar |
|---|---|---|
| account structure | ||
| Individual account | Yes | Yes |
| Joint account | No | No |
| Company account | Yes | Yes |
| Trust account | Yes | Yes |
| SMSF account | Yes | Yes |
| Kids / minor account | No | No |
| asset coverage | ||
| ASX shares supported | No | No |
| ASX ETFs supported | No | No |
| US shares supported | No | No |
| US ETFs supported | No | No |
| Other markets supported | ||
| Fractional shares (ASX) | No | No |
| Fractional shares (US) | No | No |
| Options trading | No | No |
| CFDs supported | No | No |
| Crypto trading | Yes | Yes |
| Managed funds | No | No |
| Bonds supported | No | No |
| IPO access | No | No |
| costs hidden | ||
| Market data fees | $0/month | — |
| Conditional order fees | $0 | $0 |
| costs visible | ||
| ASX brokerage percentage | — | 1% |
| Monthly platform fee | $0/month | $0/month |
| Annual platform fee | $0/year | $0/year |
| Inactivity fee | $0 | $0 |
| Withdrawal fee (AUD) | $0 | $0 |
| identity and trust | ||
| Legal entity name | InvestbyBit Pty Ltd (trading as Binance Australia) | CoinJar Australia Pty Ltd |
| AUSTRAC registration | Yes | Yes |
| Year founded | 2,020 | 2,013 |
| Parent / ownership | Binance Holdings Limited (Cayman Islands) | Privately held; backed by Blackbird Ventures, Digital Currency Group (DCG), Boost VC, Possible Ventures (founders Asher Tan and Ryan Zhou retain operational control) |
| Country of incorporation | AU | Australia |
| Public company status | private | private |
| money movement | ||
| Minimum initial deposit | $1 | — |
| Minimum subsequent purchase | $1 | — |
| Deposit methods | PayID, Bank transfer (Osko/NPP), Debit card, Credit card, P2P trading | PayID, Osko / NPP bank transfer, Standard bank transfer (direct credit), Debit / Credit Card (Visa, Mastercard), Apple Pay, Google Pay, PayPal |
| Withdrawal time | PayID: <60 seconds; bank transfer: 1-2 business days | PayID withdrawals to participating banks typically arrive within minutes; standard bank transfers (non-PayID) take 1-3 business days. Withdrawals submitted before the daily cut-off process same day, otherwise next business day. |
| platform ux | ||
| iOS app | Yes | Yes |
| Android app | Yes | Yes |
| Desktop platform | Yes | No |
| Demo account | Yes | No |
| Free real-time market data | Yes | Yes |
| Free research reports | No | No |
| 2FA support | authenticator app | authenticator_app |
| Customer support channels | Live chat (24/7), Email, Help centre / in-app ticket | email, help desk ticket / support portal |
| Support hours (AU time) | 24/7 (live chat); email response typically within 24 hours | Mon-Fri, 9am-3am AET (extended hours covering AU and UK trading days) |
| Education content | video + courses | structured_articles |
| tax and reporting | ||
| Australian tax statement | No | Yes |
| Distribution component breakdown | — | No |
| CGT calculator / report | No | No |
| Sharesight / Navexa integration | Yes | Yes |
| trading mechanics | ||
| Market orders | Yes | Yes |
| Limit orders | Yes | Yes |
| Stop loss orders | Yes | No |
| Conditional orders | Yes | No |
| Auto-invest / DCA | Yes | Yes |
| Auto-invest sophistication | multiple | multiple |
| After-hours / overnight trading | Yes | Yes |