The Bitcoin House is a currency exchange counter in the heart of Paris, where you can buy your Bitcoin and Ethereum directly as you would any store. But it also has an online sales site called Coinhouse. Wondering if this is a reliable site, on which you can buy your Bitcoins safely? Here is my review!
Coinhouse, a creation of La Maison du Bitcoin
La Maison du Bitcoin is a physical shop, specializing in Bitcoin. Located in the heart of Paris, at 35 rue du Caire (in the second arrondissement). Bitcoins can be ordered in a so-called “exchange counter”. For that it is necessary :
- provide valid identification
- have a Bitcoin portfolio (if you do not have one, the Bitcoin House teams will help you create one using your smartphone)
It is then possible to exchange Bitcoins for cash, or to buy them with a blue card or a Neosurf card.
And for those who want to order from their device, the company gave birth to CoinHouse. The goal was to provide a platform to buy Bitcoins in a simple and secure way – to help beginners get started with this crypto-change.
Coin House basic details
It’s important to know who you’re dealing with when buying cryptocurrencies.
How to register on Coinhouse?
It is very easy to create an account on CoinHouse. First click on this link to go to Coinhouse.
Then click on the button “Create your account and buy Bitcoins”. You only have to provide your email address, and choose a password. Then validate this information by clicking on “Registration”.
During the process, Coinhouse will send you an e-mail with the topic “Confirmation Instructions”. Click on the link it contains to validate your account.
You will then be able to log in to your account. Click “Verify Account”. You will then have to provide several documents:
- a copy of your identity document: passport or CNI (double-sided), as well as its serial number and expiry date
- a selfie of you with this ID
- a proof of domicile (invoice of Box Internet, electricity, …)
Once you have provided all the required documents, validate with the “Save” button.
You only have to wait (usually between 30 minutes and 24 hours during working days) so that Coinhouse teams can validate your account.
You will then receive an e-mail confirming that your account has been validated … and you will finally be able to buy your Bitcoins!
Why does Coinhouse oblige me to have my identity verified?
You have to know: you will not be able to buy Bitcoins on Coinhouse without verification of identity. You will not only have to provide your identity (name, surname, date of birth, …), but you will also have to take self-help with a piece of identification.
The site must simply comply with very strict regulatory obligations. It is thus forced to ensure the identity of its customers, and can thus limit fraud.
How to buy and sell altcoins?
Coinhouse payment methods
CoinHouse supports three payment methods:
- VISA and Mastercard (only compatible 3D Secure models)
- Neosurf prepaid cards (you can order them online)
- bank transfers
Note that Coinhouse does not allow, for now, to order with Paypal. On this subject, do not hesitate to consult this article to discover how to buy Bitcoins with Paypal.
Coinhouse fees and transactions
Bitcoins are offered at the price set by the Kraken site, plus a commission.
When ordering your Bitcoins by CB or bank transfer, the commissions that will be charged will depend on your total purchase volume since you signed up.
Here is a summary of the commissions for transfers:
|Amount purchased since registration||Fees|
|0 – 500€||10%|
|500€ – 1,500€||9%|
|1,500€ – 3,000€||8%|
|3,000€ – 5,000€||7%|
|5,000€ – 10,000€||6.5%|
And here are the commissions for a payment by credit/debit card:
|Amount purchased since registration||Fees|
|0 – 5000€||10%|
|5000€ – 20,000€||9%|
Coinhouse buying limits
Like most crypto-exchange sites, Coinhouse imposes purchase limits.
These are set at:
- 500 € per day
- 2000 € per month
Note, however, that these limits can be increased. To do this, you have to apply to CoinHouse, who will be able to grant it according to your profile.
I hope you enjoyed this review on Coinhouse.
The main advantage of Coinhouse? It is extremely reassuring to be able to order on a French platform, whose headquarters is located in the heart of Paris. The customer service is also located in France, and will be responsive to help you.
One can also cite the simplicity of the site, which will allow everyone to be able to easily obtain Bitcoins or Ethers.
Note, however, that Coinhouse does not currently offer integrated wallet. You will therefore have to own your own wallet in order to get Bitcoins. However, it is advisable not to leave crypto-currency on a trading platform … and Coinhouse allows you to immediately take good habits!
Here, it’s over for this test of Coinhouse. Do not hesitate to ask me questions in the comments, or to give me your testimonies concerning this exchange platform.
Offered by La Maison du Bitcoin, this platform will allow you to obtain very easily virtual currency (Bitcoins, but also Ethers).CoinHouse is a reliable site, on which you can place orders with confidence - by credit card, bank transfer or Neosurf. We recommend that you use this site to order your first Bitcoins.
- A reliable site
- Buy bitcoin by prepaid card, credit card or bank transfer
- Efficient customer service
- The need for a Bitcoin wallet