How to Easily Buy Crypto on Coinhouse?

The purchase of cryptocurrencies may seem complex and intimidating, especially for beginners discovering this universe. Between unregulated platforms, hidden fees, and sometimes obscure procedures, it is vital to find a simple and secure solution. Coinhouse, the first French platform regulated by the AMF, stands out by offering a transparent and intuitive framework to support new users in their first steps. In this article, we detail the step-by-step purchase process, from account creation to KYC. We will also explore the many advantages that make Coinhouse an ideal option for beginner investors.

Why choose Coinhouse to buy cryptocurrencies?

Coinhouse positions itself as an ideal platform for beginners thanks to its intuitive interface and secure services. In addition to facilitating the purchase of cryptocurrencies, it provides tailored tools to guide users through their initial investments.

A platform designed for beginners

The Coinhouse interface has been designed to simplify transactions. Each step is clearly explained, allowing novice users to feel comfortable from their first purchase. Educational resources, available on the site and Coinhouse’s blog, provide useful supplements to understand the basics of cryptocurrencies and investment strategies.

The regulation by the AMF, with the acquisition of the status of Digital Asset Service Provider (PSAN), reinforces the credibility of the Coinhouse platform. This certification ensures that Coinhouse adheres to French security and compliance standards. Users can thus invest with complete peace of mind, without fearing fraudulent practices often associated with unregulated platforms.

The unique advantages of Coinhouse

Coinhouse offers exclusive services to optimize the buying experience. The Coinhouse Euro Account, with its French IBAN, allows for quick and efficient transactions, without going through extended banking delays. Free SEPA transfers add to the practicality for users wishing to invest rapidly.

The responsive customer support, accessible in French, is another major asset. The well-trained agents assist users at every step, answering questions and providing personalized help. This service is particularly valuable for beginners who might feel lost in the purchasing process.

Creating a Coinhouse account and KYC validation

Creating an account on Coinhouse is a crucial step to access its cryptocurrency purchasing services. This process includes a KYC verification that ensures user security and regulatory compliance.

Easy registration in a few steps

To start, simply go to the official Coinhouse website and click on “Start”. This section is prominently displayed on the homepage to facilitate access for new users.

The registration form asks for basic information, such as email address, a secure password, and personal details.

It is important to choose a strong password, combining letters, numbers, and special characters to protect access to the account.

Once this information is submitted, a confirmation link is sent via email. The user must click on this link to validate their address and finalize this first step.

The importance of KYC and its process

KYC (Know Your Customer) is a mandatory procedure to verify users’ identities. This regulatory requirement, imposed by the AMF, helps combat money laundering and fraudulent activities. It also ensures that only authentic and verified users can access the platform.

The different stages of KYC on Coinhouse

The KYC verification process on Coinhouse is clear and structured:

• Uploading a valid ID: the user must submit a copy of their identity card or passport;
• Taking a selfie: a photo of the user holding their ID is required to verify that the account matches the physical person;
• A quick validation: once the documents are submitted, Coinhouse verifies them, usually within a few minutes to a few hours.

These steps ensure that the account complies with legal requirements, while enhancing the overall security of the platform.

Access to features after validation

Once KYC is validated, users gain complete access to Coinhouse’s features. They can then buy, sell, and exchange cryptocurrencies with complete peace of mind. Activating the Euro Account, a flagship feature of the platform, is also made possible after this validation.

Enhanced security and increased trust

KYC verification protects users by ensuring that their funds are secure and that their transactions are compliant. It prevents identity theft and limits the risks of fraud. This transparency is particularly reassuring for new investors, who are often hesitant to enter the world of cryptocurrencies.

The step-by-step purchasing process on Coinhouse

Coinhouse simplifies the purchase of cryptos through various payment options and clear processes. Users can choose between purchasing by credit card, bank transfer, or through the Euro Account. This guide details each method and provides instructions to secure and validate your transactions.

Purchasing by credit card

Payment by credit card is a fast and convenient method, particularly suitable for users looking to make an immediate purchase.

Steps to follow

The user starts by registering their credit card on the Coinhouse interface (Visa or MasterCard). This operation requires providing the usual information, such as the card number, its expiration date, and the visual cryptogram. Once the card is added, Coinhouse requests a double authentication via a SMS code or a validation in the user’s banking app. This measure enhances the security of transactions.

Price guarantee for 5 minutes

Given the volatility of cryptos, Coinhouse offers a price guarantee valid for 5 minutes. This delay allows the user to confirm their purchase without experiencing significant market fluctuations.

Rapid reception of cryptos

Once the transaction is validated, the purchased cryptos are transferred immediately to the Coinhouse wallet of the user. An email summary containing an invoice confirms the success of the operation. In case of failure, no debit is made, and Coinhouse informs the user of the steps to take to resolve the issue.

Purchasing by bank transfer

Bank transfer is a cost-effective option for users willing to wait a few days to complete their purchase.

Steps to follow

The user starts by choosing the “Bank transfer” option as the payment method on the Coinhouse interface. The platform then sends an email containing the bank details of Coinhouse and a unique operation label.

The user must add Coinhouse as a beneficiary in their banking app, then make a transfer ensuring to include the operation label. This label is crucial, as it allows Coinhouse to associate the funds with the selected crypto purchase.

Confirmation delay

Once the transfer is received (usually within 1 to 3 business days), Coinhouse notifies the user by email. The user then has 72 hours to confirm or cancel the purchase. If no action is taken, the funds are automatically refunded.

Validation and delivery

After confirmation of the order, the cryptos are transferred to the user’s Coinhouse wallet at the current price at the time of validation. An invoice is then sent by email to conclude the operation.

Purchasing via the Euro Account

The Euro Account is an innovative and rapid solution for purchasing cryptos without going through a card or an external transfer.

Using available funds

Once activated, the Euro Account allows purchasing cryptos directly using already deposited funds. The user selects “Euro Account” as the payment method and can view their available balance.

Price guarantee for 60 seconds

To ensure transparent transactions, Coinhouse locks the price of the selected crypto for 60 seconds. The user must confirm the purchase within this timeframe by validating the General Terms of Use (GTU) before clicking on “Confirm”.

A quick and simplified transaction

Unlike other methods, the Euro Account allows for immediate processing of transactions. Funds are debited from the available balance, and cryptos appear instantly in the Coinhouse wallet.

Instructions to validate and secure transactions

Once the purchase is initiated, Coinhouse guides the user to finalize the operation. On the interface, each step is clearly indicated. A visual confirmation informs of the success or failure of the transaction. In case of a problem, specific indications are provided to correct errors.

After each purchase, the user receives an email containing transaction details, including an invoice. This transparency allows for keeping track of completed transactions.

Coinhouse also offers real-time tracking through the “Transaction History” section. The user can check the status of their purchases, from the sending of funds to the delivery of cryptos.

The purchasing process on Coinhouse is designed to meet the needs of users, whether they prioritize speed or savings. Each method offers guarantees and clear tracking, making the experience smooth and secure. With this approach, Coinhouse facilitates access to cryptos, even for beginners.

What are the benefits that Coinhouse offers for beginners?

Coinhouse offers an experience designed for beginner users in cryptos. Transparency, personalized support, and enhanced security make it an ideal platform for exploring this universe with complete peace of mind.

Transparency and simplicity

Coinhouse stands out for its clear and detailed presentation of fees before each transaction. This transparency helps users understand the costs associated with their operations in order to better manage their investments.

The user interface of the platform is intuitive and simplified, making each step accessible, even for those with no prior experience. The menus are well organized and the instructions explicit, which reduces the risk of errors.

Personalized support

The Coinhouse customer support is a major asset for beginners. The support team is available to guide users at every step, whether for creating an account, choosing cryptos, or resolving technical issues. Users can ask their questions via live chat or detailed emails. This human and proactive approach helps novices overcome their potential concerns and progress with confidence.

Education and security

Coinhouse offers comprehensive educational resources on its blog. The articles cover the basics of cryptos, investment tips, and analyses of promising projects to enable users to gain knowledge while investing. Regulation by the AMF and the associated guarantees ensure a secure environment. The implemented measures protect users against fraud and common errors, reinforcing the confidence of new investors.

Comparison of Coinhouse with other platforms

Coinhouse positions itself as a competitive and accessible alternative to popular platforms like Binance, Coinbase, and eToro. Its unique offering, combined with specific advantages, makes it a preferred option for users seeking simplicity and security.

Comparison of fees

The fees offered by Coinhouse are transparent for each transaction. Although slightly higher than those of Binance (1% on average for purchases), they remain competitive, especially for beginners seeking personalized support. Compared to Coinbase, where fees for card payments often reach 3.99%, Coinhouse stands out with a rate of 2.49%. eToro, for its part, includes fees in its spreads (the difference between the purchase price and the selling price of a crypto asset), making costs less transparent for users.

Speed of transactions

Coinhouse offers speed comparable to its competitors for transactions by credit card and via the Euro Account. The use of the French IBAN guarantees reduced times for SEPA transfers, which is an advantage for European users.

Unique advantages of Coinhouse over its competitors

Unlike Binance and Coinbase, Coinhouse is a French platform regulated by the AMF, ensuring a framework compliant with local standards. The interface is fully available in French, making it easier to use for French-speaking investors. The Euro Account, absent from most competitors, allows for fast and economical transactions.

Why is Coinhouse ideal for beginners?

Coinhouse stands out for its intuitive interface and transparency. Beginners can follow simple steps to buy cryptocurrencies while receiving personalized support. French regulation enhances security, reassuring novice users about the risks associated with this market.

The French IBAN offered by the Euro Account simplifies transactions and avoids the declaration of foreign accounts. Users also benefit from customer support in French, available to quickly answer questions and resolve issues.

In summary, Coinhouse simplifies the purchase of cryptocurrencies through a clear and accessible process. The registration and KYC validation steps, essential for securing the user experience, allow access to features tailored for beginners. With its intuitive interface, varied payment options, and benefits like the Euro Account, Coinhouse positions itself as an ideal platform for new investors. Regulated by the AMF, it offers a secure and reliable framework for entering the world of cryptocurrencies. Sign up today to easily purchase your cryptocurrencies, enjoy the fees applied by Coinhouse, and take your first steps in digital investment.

Luc Jose A.

Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.