A trading cryptocurrency guide must provide reviews of all of the top crypto exchanges out there, so that you can find the best cryptocurrency exchange site for you. This review of Coinhouse consists of four parts: general information, fees, deposit methods and security.
Coinhouse is a French cryptocurrency exchange. It does not permit US-investors on the exchange. So, if you are a US-investor and want to trade at Coinhouse, you’ll have to reconsider your choice of trading venue and choose one of the other top crypto exchanges.
Coinhouse complies to KYC (Know Your Customer) and AML (Anti-Money Laundering) regulations. In order to complete a registration, the user must upload a scan of his/her ID as well as a selfie of him/her holding the ID.
Upon initial verification, the user will be limited to EUR 200 to EUR 5,000 per day depending on the type and quality of the documents provided.
Coinhouse Trading fees
This trading platform is different from most top crypto exchanges in the way that it does not offer trading between cryptocurrencies. The only service offered is buying and selling BTC and ETH. This exchange is not for people who want to trade the smaller coins (Xpa Coin, Ethorse Coin, Truckcoin, Triggers Coin, Pareto Network Token, or any coin with a similar market capitalization to those). So, if you seek any of those, you’ll have to choose another exchange.
When buying BTC, the purchase price offered by Coinhouse is usually way higher than the market price. Conversely, when selling BTC, the purchase price offered is usually way lower than the market price. The mark-up or mark-down is not specified anywhere. This is potentially a risk for you as an investor. Accordingly, we strongly urge you to make you own analysis of the fees and price differences at Coinhouse before executing any transactions there and before concluding that Coinhouse is the best cryptocurrency exchange site for you.
Coinhouse Withdrawal fees
Considering how this exchange operates, withdrawal fees are irrelevant.
At this exchange, you can deposit through both wire transfer and credit cards. This can be helpful especially for newer crypto investors.
One should generally look out for the different deposit fees charged by exchanges for deposit of fiat currencies via wire transfer or credit cards, and whereas it might be indifferent to you whether you should deposit via wire transfer or credit card, it might be very different fees. Some exchanges charge a deposit fee of up to a staggering 11% for credit card deposits.
Coinhouse’s security score is F, when performing the test at Observatory by Mozilla (https://observatory.mozilla.org/). This is below industry average when it comes to top crypto exchanges.
As mentioned above, this exchange supports credit card deposits (alone or through the use of any of its associated payment service providers). Other cryptocurrency exchanges that also have this option include: