Article Details

Introducing Travel Rule Support for Your CoinJar Address Book

Save time and simplify travel rule requirements for your crypto transactions

A new feature is now available in your CoinJar Address Book, designed to make your cryptocurrency transfers even more streamlined.

What is the Travel Rule?

The Travel Rule is a UK regulatory requirement intended to combat money laundering and terrorist financing in crypto transactions.  Under this rule, we are required to collect, verify, and share with other exchanges and wallets, specific information about the recipient and sender when you send or receive cryptocurrency. This includes details such as names, addresses, and account information, which we may ask you to provide via a form in your app when you send or receive cryptocurrency.

How the New Feature Helps

This new feature allows you to save your Travel Rule information directly within your Address Book. This means that in the majority of cases, you won’t need to complete the Travel Rule form when sending crypto from CoinJar to that address.

Simply save the details once, and you eliminate the need to enter the same information repeatedly for future transactions. All your previously saved crypto addresses remain available for convenient use.

Managing Your Travel Rule Data

• Sending crypto: When you send cryptocurrency out of CoinJar, you can save the destination address to your Address Book along with any Travel Rule information associated with it at the time of sending.
• Receiving crypto: When receiving cryptocurrency, you will need to complete the Travel Rule form each time.

Action Required

Please update your CoinJar app to start enjoying this new feature.

If you wish to add Travel Rule info to your existing saved addresses, please go to More > Address Book.

Any questions?

If you have any questions, please get in touch with CoinJar Support.

CoinJar Team