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.
- ›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
- ›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 |
Pick CoinJar for simple, tax-friendly Aussie crypto investing; choose OKX for advanced trading tools and global reach.
Common questions
How do CoinJar and OKX compare on year founded?
CoinJar: 2013. OKX: 2024. CoinJar has been operating in Australia for over a decade; OKX only launched locally in 2024.
How do CoinJar and OKX compare on australian tax statement?
CoinJar: Yes. OKX: No. CoinJar provides a tax-ready annual statement; OKX leaves tax reporting to you.
How do CoinJar and OKX compare on smsf account?
CoinJar: Yes. OKX: No. Only CoinJar supports self-managed super fund accounts.
When is CoinJar the better choice over OKX?
Pick 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; or you want to deposit via PayPal alongside PayID and bank transfer.
When is OKX the better choice over CoinJar?
Pick 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; or you want to deposit crypto directly from another wallet, not just fiat on-ramps.
CoinJar or OKX — what's the 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 |