What is Coinhouse.io About?
Currently, many people are aware of crypto-currencies. However, they are having a difficult task identifying the best platform. Is Coinhouse one of them? Can you make money on Coinhouse platform? There are high chances that this is the reason why you have visited this site.
You have a thousand questions, and the answers are what you need to make that smart choice. When it comes to significant investments like this one, you cannot afford to get it wrong. Is Coinhouse a reliable site? Is it legitimate or another scam with the aim of robbing people? Read on to find out.
Coinhouse.io is a website that allows people to buy and sell altcoins. It supports the trade of Bitcoins and Ethereum. Nevertheless, it does not have Bitcoins or Ethereum of their own. For this reason, they buy them from Kraken Exchange hence a Bitcoin Broker.
It is Paris, France where it saw the light of the day. This site that allows the trade of crypto-currencies and its establishment was in 2014. Since then, Ledger has been operating it directly.
Ledger was known as La Maison du Bitcoin. The person behind the Bitcoin security company is Eric Larcheveque. Eric is not only one of the founders but also the current CEO. BTChip, La Maison du Bitcoin, as well as Chronocoin, merged in 2014. Consequently, Ledger came into existence followed by Coinhouse.
Do I Recommend Coinhouse?
There are many reasons as to why I can recommend it without any fear of contradiction. It is under Ledger which is a Bitcoin security company. In addition to that, it allows only 3D secured credit cards.
Coinhouse complies with both the Know Your Customer (KYC) and the Anti-Money Laundering (AML) regulations. Under those circumstances, the security is ample beyond any reasonable doubt. What else would a bitcoin exchanger wish for more than that?
Features of Coinhouse
- With the site, you can use your credit card to buy bitcoins.
- The site is available on mobile or desktop. Moreover, the interface is very friendly hence an easy navigation throughout the website.
- Customers’ support is online. It is impressive in that you get it on demand.
- Its security is reliable because of its various safety measures.
- It has a daily and a monthly limit of 2,000€ and 10,000€, respectively.
- There are no hidden charges.
- Its connection with Kraken exchange enables it to offer relatively high liquidity.
- As soon as you get verified, you will receive your Bitcoin at that instant.
Benefits of Coinhouse
- The users get to perform secure transactions.
- It is regulated by both KYC and AML which makes it more reliable.
- There is the phone support, and for that reason, you get customer's support as soon as you need it.
- The delivery of bitcoins is very fast as long as you get verified.
Is Coinhouse Restricted to Specific Region or Not?
In the beginning, Coinbase was strictly used by people in France. However, as time went by, they decided to expand their boundaries.
Currently, all the European countries, United States, Canada, as well as Singapore, get to enjoy their services.
How to use Coinhouse
In case you choose it, which would be a momentous decision, below are steps to follow.
Register to get an account.
You will receive an email containing a link upon successful registering which you should click on to confirm your account.
That automatically directs you to the Login page. To log in, enter the email as well as the password that you used during registration. Subsequently, click the Login button.
Subsequently, verify your identity. How? Upload either a passport or an ID card and a selfie of you holding the identification document.
Ensure that they are in PNG or JPG format. Each of them should have a maximum size of 5 MB. Include a proof of address as well. You are at liberty to provide additional information.
You can begin buying both Bitcoin and Ethereum after the validation.
Payment Methods Supported by Coinhouse
It provides multiple methods listed below.
- A 3D secured credit cards mostly Visa and MasterCard cards.
- The Neosurf prepaid cards.
- Bank transfer.
- Depending on the card, a debit card may be accepted.
The support currencies are as follows.
Customer Support on Coinhouse
Not even a single soul has raised a complaint against its customer support. The support team offers information very fast, and it detailed accordingly.
There is an email address if need concerning it arise. More importantly, It provides the customers with a telephone number.
As if that is not enough, you can visit its physical address which is La Maison du Bitcoin, 35 rue du Caire, Paris 2e.
Fee Structure Charge on Coinhouse
With the Bitcoin broker, fee depends on the accumulated buying volume and the payment method as shown below.
- €100 to €500: 10%.
- €500 to 1,500€: 9%.
- 1,500€ to 3,000€: 8%.
- 3,000€ to 5,000€: 7%.
- 5,000€ to 10,000€: 6.5%.
- Above 10,000€: 6%.
- Up to 5,000€: 10%.
- 5,000€ to 20,000€: 9%.
- Above €20,000: 8%.
Online Opinion And Public Opinion of Coinhouse
It has an excellent reputation, especially regarding security. It is a well-established bitcoin exchanger which makes many trust it, and it is regulated. Be that as it is, many people raise concerns regarding its high rates.
Others would appreciate if it expanded its boundaries further. The site competes with Coinbase closely. What puts it in a winning position is their excellent customer support. With Coinbase, customers’ complaints are the order of the day.
Can You Really Make Money on Coinhouse?
The answer to the million dollar question is a yes. One can sell either Bitcoins or Ethereum, which gives him or her an opportunity to make money.
Therefore, do not hesitate to make it your trading partner.
What I Like About Coinhouse
- The security is tight.
- You can buy both Bitcoin and Ether with Credit Card
- It is regulated and takes the regulations seriously.
- The verification process is not only fast but also thorough.
- Kraken sets prices.
- Upon purchase, the Bitcoins’ delivery is speedy.
Issues with Coinhouse
- The fees are relatively high compared to those of other platforms.
- They only support Ethereum and bitcoins.
- Despite how small the amount of crypto-currency it, verification is mandatory.
- The privacy provided leaves a lot to be desired.
Who is Coinhouse for?
Regardless of whether you are a newbie or have been on the field for a long time, as long as your interest is to buy or sell crypto-currencies, this is for you all. For the former, the ease of navigating ensure that you feel at home immediately.
However, it would be ideal if you are in Europe, the United States, Canada or Singapore. There is no room for trade with other altcoins.
Alternatives to Coinhouse
There are several alternatives when it comes to the trade of crypto-currency. Check out list of over 55 Bitcoin and Crypto Exchanges platform.
Most of the names are well known and you can check the list out for your favorite names.
My Final Opinion of Coinhouse
What is your thought as regards Coinhouse? Do you think you can now make good money with Coinhouse? Through experience, it seems legit beyond any reasonable doubts. Europeans take great pride in it. Whether it is for huge transactions or otherwise, it remains a good choice.
Security and simplicity are their pillars. For that reason, expect nothing short of good when it comes to the site.
What is your thought of this Bitcoin exchange? Do you have any question or contribution? Kindly drop your thought in my comment area below. Myself and my audience will like to learn from you.
Coinhouse at a Glance
Owners: Eric Larcheveque and others.