Before investing in crypto, you need to find a platform. Among these platforms, Coinhouse is one of the most popular. Is it a scam or a reliable crypto platform? You will find the answers in this Coinhouse review.
Our Verdict on the Coinhouse Platform
Coinhouse is a reliable, regulated cryptocurrency exchange. On top of that, buying and selling are almost instant, since it lets you buy directly with the accepted payment methods. This means you no longer need to make a separate deposit.
Coinhouse simply specializes in crypto exchange: it just connects buyers and sellers. So crypto trading is not possible on Coinhouse.
Although Coinhouse is limited in terms of features, we can assure you that the services it offers are very attractive.
Coinhouse Crypto Withdrawal Fees
When you withdraw digital coins, Coinhouse charges a few hundredths of the crypto amount you withdraw, provided you decide to withdraw all of your crypto. If you only withdraw part of your coins, however, these fees do not apply. You should also know that crypto withdrawal fees are not fixed: they vary with the size of your transaction.
On related topics, our articles “eToro vs Kraken” and “Gate.io Review” are a good complement to this read.
Fees for Buying and Selling Crypto
- Premium account fees: the fee for buying by bank transfer and for selling is 2.49%. The fee for buying by bank card is 3.49%.
- Standard account fees: the fee for buying by bank transfer and for selling is 2.99%, while the fee for buying by bank card is 3.49%.
What Payment Methods Does Coinhouse Accept?
- Bank transfer
- Credit or debit cards.
Deposits on Coinhouse
- Open your dashboard and click the “My accounts” button.
- A list of the cryptos available on the platform appears, each with a “Deposit” and a “Withdraw” button. Click the “Deposit” button next to the crypto you want to transfer.
- Click “Deposit” again in the window that appears.
- Scan the QR code or copy the wallet address Coinhouse shows you, then click “Close”.
- Enter the QR code or wallet address you retrieved earlier when sending from your external wallet.
The crypto transfer will take a few minutes, and you can check that it has gone through by looking at your history.
Withdrawals on Coinhouse
- Log in to your dashboard and click “My accounts”.
- Then click “Withdraw” next to the crypto you want to withdraw.
- Enter the external wallet address or its QR code.
- Next, specify exactly how much crypto you want to withdraw. If you like, click “Withdraw maximum” to transfer all of your tokens.
- Finally, click “Continue”.
Is Coinhouse Regulated?
As mentioned above, Coinhouse was the very first French platform to be registered as a PSAN (digital asset service provider). It received this authorization from the prestigious Autorité des Marchés Financiers (AMF), the body that supervises financial market activity in France. Coinhouse is therefore regulated by the AMF.
In short, given its spotless track record and its legal status, our Coinhouse review is positive on this point. It is a reliable crypto platform you can trust.
What Can You Do on Coinhouse?
- Buy cryptocurrencies: If you decide to buy a digital currency, simply check whether it is listed on Coinhouse. Once confirmed, you can buy the token with fiat currencies (euros and US dollars).
- Sell cryptocurrencies: if you have tokens to sell, simply log in to the platform and put your tokens up for sale. You will soon find a buyer.
- Coinhouse crypto exchange: lets you swap digital assets.
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As well as making it easy to buy, sell and store Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and more than 50 other crypto assets, the Coinhouse platform also offers savings and investment products.
Which Wallet Does Coinhouse Use?
- Ledger Nano X
- eToro Wallet
Coinhouse Customer Service
If you run into a problem, you can report it to customer service. Coinhouse offers support by phone (+33 (0)1 53 00 92 60) and by live chat. The service is available 24 hours a day to help you.
Our Coinhouse review is therefore positive on this point, as the platform has measures in place to support its customers when problems arise.
Coinhouse Pros
- Reliability. The platform is transparent in how it manages your assets.
- Ease of use. The Coinhouse platform is very clean, which makes it really easy to use.
- The ability to invest according to your experience and budget
- A reasonably adequate range of cryptocurrencies
Coinhouse Cons
- The mobile app is not very practical
- Coinhouse does not offer leverage to its clients
- No built-in software wallet
- Coinhouse does not accept e-wallets such as Skrill, Neteller and others as payment methods.
How to Close Your Coinhouse Account
The platform will only delete your account if you meet the following conditions:
- You have provided the exact email address of the account to be deleted
- No transactions are in progress on your account
- Your account balance is completely empty.
Coinhouse vs Bitpanda
Coinhouse was founded in 2014 and is headquartered in Paris. It is an AMF-regulated broker with an average fee of 0.99% and no leverage. The most traded cryptos on this broker are Bitcoin and Ethereum. Coinhouse does not have a mobile app. Bitpanda, on the other hand, is headquartered in Vienna, Austria. Its average fee is 1.5% and it offers no leverage. The most traded cryptos on this broker are Bitcoin, Ethereum and the Bitpanda Ecosystem Token. Bitpanda has a mobile app and is regulated by the AMF.
Coinhouse vs Vantage
Coinhouse was founded in 2014 and is headquartered in Paris. The most traded cryptos on this broker are Bitcoin and Ethereum. It offers no leverage and its average fee is 0.99%. Coinhouse is an AMF-regulated broker and does not have a mobile app. Vantage, meanwhile, is based in Australia and was founded in 2009. This broker is regulated by ASIC, offers leverage of 1:400 and has an average fee of 0.1 pip. The most traded crypto on this broker is Bitcoin, and it has a mobile app.
Have you ever bought crypto on Coinhouse? Share your impressions with us in the comments.