If you are starting in the world of cryptocurrencies, Coinhouse is ideal to make your first transactions in a very simple way and without complications.
As the CEO of Coinhouse says “our goal is to facilitate access to crypto assets to everyone.” Whether you have experience with digital currencies or not, you can open an account completely free of charge and start trading.
📋 What you will find…
What is CoinHouse?
Coinhouse is a French company that was created in 2015 and which offers cryptocurrency transaction and management services.
The French authorities have recognized the seriousness and quality of the compliance operations of Coinhouse and are the first PSAN (digital asset service provider) registered in the Autorité des Marchés Financiers (AMF).
This exchange was founded under the name “La Maison du Bitcoin” and was offered as a physical space in the city of Paris, so that people who are passionate about blockchain technology and crypto assets would have a personal space to share ideas about this world.
As a result of the good reception that this idea had, a digital platform was created that initially allowed the purchase and sale of Bitcoin and Ethereum.
The idea was so good that the CEO, Nicolas Louvet and his team, launched a new platform offering simple online services and fast and incorporated Premium services for users who wanted to have advantages such as advice and mentoring, in short, that they be accompanied in cryptocurrency investments.
In 2018, Coinhouse Custody Services (CCS) was created, a company that offers a cryptocurrency custody service for Coinhouse and CCS clients.
It’s not until 2021 when this platform leaves France and launches in the European market. Its interface is 100% digital, simple and intuitive and offers very simple services at the click of a button (or a finger on the app) and makes it a very attractive company to invest in cryptocurrencies.
Is coinhouse safe?
Of course yes, security is a fundamental aspect in any investment platform and it is for them that Coinhouse has all the regulations regarding legality, security and privacy.
As we have anticipated, Coinhouse is registered with the AMF (Autorité des Marchés Financiers) of France with license ES2020-001. Therefore, it is authorized to offer cryptocurrency trading services legally and safely.
On the other hand, complies with all European investment platform regulationssuch as anti-money laundering (AML) and KYC (Know Your Client) regulations, so at a regulatory level, Coinhouse complies with everything that can be asked for.
In terms of security, it should be noted that have not suffered any external hacking and as is the panorama with computer attacks, it is appreciated that they offer so much security.
In any case, if you decide to open an account it is better that activate all possible layers of security, especially the 2-factor (two-step verification).
Notably use Ledger security hardware, what is commonly known as a cold wallet, which offers high-level security with multiple authorization in order to keep digital assets under control.
Likewise, within the Pro services, different decentralized finances are offered, such as loans and derivatives in addition to stable cryptocurrencies.
Steps to open an account
Signing up for Coinhouse is totally free, with no maintenance costs or subscription fees. Anyone of legal age can open a free account if they wish, although they have the option of subscribing to the Premium plans to obtain more advantages.
To have the account fully operational as an individual, you will have to:
Register with your real dataVerify your account through KYC (DNI on both sides and selfie)
Additionally, you will have to provide other documents if you are a company:
Certificate of bank ownership (IBAN)Commercial information noteAct of incorporation of the company before a notary public
In which countries is Coinhouse available?
Today, this company is available in more than 35 countries, most of them belonging to the European Union:
🌐 Germany, Andorra, Austria, Belgium, Bulgaria, Croatia, Czech Republic, Cyprus, Denmark, Spain, Estonia, Finland, France, Gibraltar, Greece, Hungary, Iceland, Ireland, Italy, Lichtenstein, Lithuania, Luxembourg, Malta, Norway, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, San Marino, Sweden, Switzerland, United Kingdom, Vatican.
Can I open an account if my country is not on the list? Yes, you can open an account if your country is on the list of authorized ones. To do this, check this link. Among the authorized Spanish-speaking countries, we highlight CUBA, Puerto Rico, Nicaragua, Haiti and Guyana.
How CoinHouse works
If you have already opened an account, you will have noticed that the design is very simple and you can easily find what you are looking for.
From this section you can take a main look at all your active operations, both the purchase/sale of cryptocurrencies as well as savings and investments. You can also see the graph since you started your investment and the status of the account, if you are green or red. From here you can make your first cryptocurrency purchase on Coinhouse.
In this section you can take a quick look at any cryptocurrency and its current price. You have the option to filter by periods, days, weeks, months and years and see the price trend thanks to the graph. Below you can see the free video they publish every Tuesday, where they do a market analysis, with trends, key levels and profitable assets.
Have all your active investments on hand. There is a very interesting section if you have just started and that is that you can adapt your portfolio to your investment objectives. You just have to fill out a short form to find out what type of investor you are and thus maximize the options and improve the strategy. You will also receive recommendations on which are the best assets that suit your profile.
It is what we commonly know as Staking or blocked savings, where the client will receive interest for saving the money and in some cases, for having it blocked for a certain period. Right now you can put your crypto to work to get a 6% APR on Bitcoin, Ethereum and USDT.
Single daily payments
Full control over your funds
Know in detail the history of transactions in real time. You can filter by status, type, crypto assets, period and date. You will find two tabs, one with the transaction history and another with the savings or savings, in case you have savings in Coinhouse.
Here you can change the typical things like password, language and email. From this section you can also increase your level in terms of purchase limit and sale limit. In order to make purchases of more than €10,000 you will have to present a Certificate of residence and to buy more than €30,000 you will need proof of income.
Is it worth being a Premium account?
This question can only be answered by the user since Depends a lot on needs and goals. you have regarding investments in cryptocurrencies. While it is true that everyone has a classic account when they become a Coinhouse customer, the functions may be very limited.
Basic cryptocurrency purchase and sale operations. No maintenance fees. Access to savings and savings.
Additional support serviceReduced purchase/sale feeInterview and accompaniment of an account manager
Priority access to new products Crypto asset and blockchain training Access to market analysis and research notes
Company account in Coinhouse
It is possible to open a business account by selecting the Business Plan. With it you can invest in cryptocurrencies with your company since it allows international payments, treasury operations, security solutions and offers a set of services dedicated to professionals.
How much does the Business account cost? For a fee of €490 per year (administrative costs included) you will have access to specialized business services.
Companies that contract this plan at Coinhouse will benefit from the following:
Payments and collections to suppliers💸
✔️ Buy and sell more than 30 cryptocurrencies
✔️ Recurring transactions
✔️ Issuance of invoices
✔️ Fast and secure transactions
Treasury operations 📊
If you want to invest your company’s liquidity in veteran and promising assets like Bitcoin and Ethereum, you can indicate the amount you want and secure the crypto assets with Custody’s solutions.
✔️ Customized strategies
✔️ Recurring investments
✔️ Reduced expenses
Keep in mind that this is still a very new world and there is no one who is 100% trained, so you can request personalized support and specific training. You can also ask very specific questions thanks to the account manager that will be assigned to you with the Company account.
✔️ Advice on request
✔️ Access to technical analysis and investment balances
✔️ Reinforced technical support
✔️ Training in Blockchain and crypto assets
One of the great fears that cryptocurrency holders have is hacking or theft of them, which in many cases represents a great loss of capital. Whether you are a user, a small business or a large corporation, Coinhouse has the most suitable solution for each case.
✔️ Efficient and flexible solutions guaranteed by the MMA
✔️ Demanding, multi-signature solutions offered by Coinhouse Custody Services.
Ways to deposit money in Coinhouse
In order to buy cryptoactives, you first have to enter money logically. From Spanish territory you can choose between bank transfer and card credit or debit cards, including Visa and Mastercard.
If you are looking to minimize the payment of commissions in your first investment, without a doubt the best option is the Bank Transfer. Depending on the country of residence you may find other additional deposit options.
In case you want to know the Coinhouse commissions, I leave you this link with the price list for each transaction.
Coinhouse opinions and reviews
Our personal opinion can be summed up as “fees a bit high but excellent help”. While it is true that Coinhouse is not characterized by being a cheap platform, it is clear that users pay for customer service and when you start in the world of crypto assets, this is essential.
Trustpilot users often highlight the competent employees, the help and more than the support, the accompaniment from the beginning to the personalized investments. Some call customer service top notch. Questions and problems never go unanswered for long.
Almost all reviews indicate the quality of Coinhouse support and also highlight that, although it is not the cheapest company in terms of fees, it is worth it for the simple fact of accompanying your investments. I think that is priceless.
Also, it is essential to diversify your cryptocurrency portfolio, never put all your investments in one place and remember, cheap is sometimes expensive! Do not play it and keep your cryptocurrencies in a safe place while they grow.