Coinhouse Exchange Review | Is Coinhouse Scam?

(Last Updated On: April 27, 2019)

Coinhouse Exchange is a European based online exchange established in 2014 formerly known to be the house of Bitcoin where users can easily buy Bitcoin as well as Ethereumwithout going into advanced features like margin trading and etc.

Coinhouse exchange is affiliated with Ledger wallet which is pretty impressive as it is a popular hardware wallet and is operating from France and so it coinhouse also located in France and is said to be a regulated company. Coins are delivered as soon as they are bought on Coinhouse.

Coinhouse Exchange Review

The platform is User-Friendly and easy to navigate and buying Bitcoin or Ethereum on coinhouse is really simple within a few steps a user signups for the platform, then there is an identification process to undergo and then simply buying bitcoin. Coinhouse allows buying through credit cards and debit cards, the payment API is 3d to prevent chargebacks and there are SMS pin verifications.

Originally this company buys Bitcoins and Ethereums from Kraken and sells to users giving them an option to buy using credit cards at a reasonable price. The process of ID verification is because the company implies KYC (Know Your Customer) and AML (Anti-Money Laundering) regulations.

  • 0 – 500€ : 10% fee
  • 500€ – 1,500€ : 9% fee
  • 1,500€ – 3,000€ : 8% fee
  • 3,000€ – 5,000€ : 7% fee
  • 5,000€ – 10,000€ : 6.5% fee
  • > 10,000€ : 6% fee

The fees get lower every time you buy again with coinhouse, and BTC or ETH can be sold to coinhouse as well and the user can be paid using SEPA transfers.

Conclusion

Coinhouse Exchange is legitimate platform and provides instant transactions and transfers, there are no waitings other than the time that is took to verify identity, both the buyers and sellers are paid instantly and the Customer support is amazing via email and phone and generally speaking, has a quick response.

The only things lacking is the fee which is not standard as compared to exchanging on other platforms in cryptocurrency as in recent articles we have covered about that it is really not worth buying cryptocurrencies anywhere using Credit or Debit cards only because of higher fees.

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