Crypto Exchange comparison
CoinJar vs OKX
CoinJar and OKX both let you buy and sell crypto in Australia, but they serve very different crowds. CoinJar is a homegrown exchange that's been around since 2013, offers a simple AUD on-ramp via PayID, and provides an Australian tax statement each year. OKX is a global heavyweight that only launched locally in 2024, brings advanced trading tools like options and CFDs, and runs 24/7 support — but it won't generate a tax statement for you.
Choose
CoinJar
if…
- ›You want an Australian tax statement generated for you each year to simplify lodgement
- ›You prefer a locally founded exchange with a decade-long track record and AUSTRAC registration since 2013
- ›You need SMSF account support for self-managed super fund crypto investing
- ›You want to deposit via PayPal alongside PayID and bank transfer
- ›You value a simpler, crypto-only platform without the complexity of derivatives or margin products
Choose
OKX
if…
- ›You want to trade crypto options, CFDs, and use stop-loss or conditional orders for active strategies
- ›You need a desktop trading platform and a demo account to test strategies before going live
- ›You expect 24/7 live chat support rather than weekday-only email and help desk tickets
- ›You want to deposit crypto directly from another wallet, not just fiat on-ramps
- ›You prefer a global exchange with deeper liquidity and a wider range of altcoins
Where they differ
| Fact | CoinJar | OKX |
|---|---|---|
| Year founded | 2013 | 2024 |
| Australian tax statement | Yes | No |
| SMSF account | Yes | No |
| Advanced order types | No stop-loss or conditional orders | Stop-loss and conditional orders available |
| Customer support hours | Mon-Fri, 9am-3am AET | 24/7 live chat and email |
Verdict
Pick CoinJar for simple, tax-friendly Aussie crypto investing; choose OKX for advanced trading tools and global reach.
All data points side-by-side
Every verified fact for both platforms. Differences are highlighted.
| Field | CoinJar | OKX |
|---|---|---|
| account structure | ||
| Individual account | Yes | Yes |
| Joint account | No | No |
| Company account | Yes | Yes |
| Trust account | Yes | — |
| SMSF account | Yes | No |
| 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 | Yes |
| CFDs supported | No | Yes |
| 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 | CoinJar Australia Pty Ltd | OKX Australia Pty Ltd |
| AFSL number | — | 379,035 |
| AUSTRAC registration | Yes | Yes |
| Year founded | 2,013 | 2,024 |
| Parent / ownership | Privately held; backed by Blackbird Ventures, Digital Currency Group (DCG), Boost VC, Possible Ventures (founders Asher Tan and Ryan Zhou retain operational control) | OKX Group (Seychelles-headquartered global crypto exchange, formerly OKEx) |
| Country of incorporation | Australia | AU |
| Public company status | private | private |
| money movement | ||
| Minimum initial deposit | — | $0 |
| Minimum subsequent purchase | — | $0 |
| Deposit methods | PayID, Osko / NPP bank transfer, Standard bank transfer (direct credit), Debit / Credit Card (Visa, Mastercard), Apple Pay, Google Pay, PayPal | PayID, Osko, bank transfer, debit/credit card (via Simplex, MoonPay, Banxa), crypto deposit |
| Settlement period | — | instant (crypto settles on-chain confirmation; AUD via PayID near-instant) |
| Withdrawal time | 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. | near-instant via PayID/Osko (under 30 minutes typical) |
| platform ux | ||
| iOS app | Yes | Yes |
| Android app | Yes | Yes |
| Desktop platform | No | Yes |
| Demo account | No | Yes |
| Free real-time market data | Yes | Yes |
| Free research reports | No | No |
| 2FA support | authenticator_app | authenticator |
| Customer support channels | email, help desk ticket / support portal | email, live chat, in-app help centre |
| Support hours (AU time) | Mon-Fri, 9am-3am AET (extended hours covering AU and UK trading days) | 24/7 live chat and email support |
| Education content | structured_articles | video + courses |
| tax and reporting | ||
| Australian tax statement | Yes | No |
| Distribution component breakdown | No | No |
| CGT calculator / report | No | No |
| Sharesight / Navexa integration | Yes | Yes |
| trading mechanics | ||
| Market orders | Yes | Yes |
| Limit orders | Yes | Yes |
| Stop loss orders | No | Yes |
| Conditional orders | No | Yes |
| Auto-invest / DCA | Yes | Yes |
| Auto-invest sophistication | multiple | multiple |
| After-hours / overnight trading | Yes | Yes |