Why Use The Coinhouse Euro Account For Your Cryptos?

Buying cryptocurrencies can quickly become complex due to high fees, transaction delays, or the unintuitive processes offered by some platforms. Facing these challenges, Coinhouse offers an innovative solution: the Euro Account. This unique service allows users to manage their funds with simplicity, speed, and security, thanks to a French IBAN and instant transactions. Ideal for individuals and professionals, the Euro Account simplifies the purchase of cryptos while reducing fees and ensuring total transparency. In this article, discover how it works, its advantages, and the steps to register to make the most of it.

The Euro Account from Coinhouse: a practical and economical solution

The Euro Account from Coinhouse stands out as a modern and efficient solution to simplify crypto transactions. In response to the limitations of traditional methods, this service offers a fast and economical alternative, tailored to the needs of individuals and professionals.

A simplified alternative to traditional methods

Payments by credit card or traditional transfers, while popular, present several constraints. Card transactions often incur high fees that can reach up to 3% or more on certain platforms. Furthermore, the amount limits imposed for each transaction can be restrictive for active users.

Bank transfers, on the other hand, are more economical, but their main drawback lies in the delays. Processing a SEPA transfer can take up to three business days, which limits investors’ ability to seize immediate market opportunities.

The Coinhouse Euro Account resolves these issues by offering a personal IBAN. This feature allows for instant deposits and withdrawals directly from or to a bank account, without unnecessary delays. Users can thus keep their funds available on the platform and use them at any time for quick investments.

A service designed for individuals and professionals

The Euro Account is aimed at a broad audience, including individuals and businesses.

Many advantages for individuals

The Euro Account is entirely free for individuals. It allows for incoming and outgoing transfers within the SEPA zone without additional fees. This free service simplifies fund management while avoiding hidden costs often found on other platforms. Users can also benefit from a secure framework thanks to a French IBAN, providing ideal transparency and simplicity for individual investors.

Several advantages for professionals

Businesses also benefit from specific advantages with the Euro Account. It facilitates the management of crypto treasuries by enabling quick transfers and better financial transparency. Professionals can use this tool to structure their financial flows and enjoy a service that complies with current safety standards.

In short, the Coinhouse Euro Account provides a practical and economical solution, suitable for both individuals and businesses. This service combines simplicity, speed, and transparency to meet the expectations of investors.

How does the Coinhouse Euro Account work?

The Coinhouse Euro Account is designed to facilitate and secure crypto transactions. Its creation is simple, and its management offers many features tailored to the needs of individuals and professionals.

The creation and activation of the Euro Account

Setting up a Coinhouse Euro Account is a quick and accessible process. Here are the necessary steps:

Step 1: Selection of the Euro Account

From the Coinhouse user interface, simply click on the “Buy” option, and then select “Euro Account”.

Step 2: Enter personal information

The user must fill out a form with basic information, such as name, surname, and contact details.

Step 3: Initial transfer to activate the IBAN

To finalize the creation, an initial transfer of a minimum amount of €1 must be made from the user’s main bank account to the IBAN provided by Coinhouse.

Once these steps are completed, the Euro Account is activated almost instantly. This speed allows users to start investing without waiting for lengthy processing times. Thanks to this simple process, Coinhouse ensures a smooth and intuitive experience.

Managing funds from the Euro Account

The Euro Account offers unrivaled flexibility in managing funds:

• Free deposits and withdrawals in the SEPA zone: users can make incoming and outgoing transfers without additional fees throughout the SEPA zone. This free service simplifies money transfers and reduces the costs associated with managing cryptos;
• The ability to wait for the right moment to invest: the funds deposited in the Euro Account remain available at all times. Users can monitor market fluctuations and seize buying opportunities at the ideal moment. This feature allows for strategic investment management while keeping funds in a secure environment.
• By keeping their euros on Coinhouse, investors also avoid the delays associated with traditional bank transfers that could cause them to miss market opportunities.

The security and transparency of transactions

The Euro Account provides strong guarantees in terms of security and transparency, essential for building users’ trust:

• Guarantees provided by the French IBAN: each user has a unique IBAN, registered in France, compliant with current security standards. This choice ensures secure handling of funds and traceability of transactions, a significant advantage compared to platforms that operate with foreign accounts;
• Assurance due to compliance with current standards and regulation by the AMF: Coinhouse is regulated by the AMF as a Digital Asset Service Provider (PSAN). This regulation ensures that the platform’s practices meet French and European standards regarding security and compliance. Users can thus entrust their funds to Coinhouse with complete peace of mind.

Moreover, Coinhouse informs its clients at every stage of the process, from the deposit to the confirmation of transactions. This transparency reinforces users’ trust and reduces the risks of errors or misunderstandings.

The operation of the Euro Account thus relies on a simple creation process, flexible management, and strong security guarantees. This combination allows users to enjoy an optimal and secure experience in managing their cryptocurrency investments.

The process of purchasing cryptos simplified thanks to the Euro Account

The Euro Account simplifies the process of buying cryptos on Coinhouse by making transactions fast, intuitive, and accessible. This service makes it easier to manage investments for both beginners and regular users.

An intuitive interface for buying cryptos

Buying cryptos via the Euro Account is designed to be simple and efficient:

• The user starts by selecting the crypto they wish to acquire in the Coinhouse interface;
• Next, they validate the Euro Account as a payment method, with no additional fees;
• Finally, they confirm the order with a price guaranteed for 60 seconds. This guarantee secures the transaction even in the event of market price fluctuations.

This intuitive interface reduces technical barriers for beginners. It offers clear navigation and a simple procedure to follow, limiting potential errors. For regular users, it allows quick purchases without having to link a bank card or wait for a bank transfer.

Reducing timelines and fees

Purchases by bank card, although instant, often involve high fees, reaching up to 3%. Bank transfers, while economical, are slow and can take several business days to process. The Euro Account allows immediate transactions without waiting for bank transfer timelines. Users can therefore quickly respond to market fluctuations, which is essential for optimizing investments.

More responsiveness to investment opportunities

With funds already available on the platform, users can act immediately in case of price drops or increases. This maximizes their chances of taking advantage of market opportunities. The Euro Account is suitable for investors who adopt active strategies, requiring frequent transactions. By eliminating delays and complications, Coinhouse allows them to react quickly to market changes.

The importance of KYC in obtaining the Euro Account

Registration with identity verification, also known as KYC (Know Your Customer), is an essential step to use the services of Coinhouse. This process ensures user security and compliance with applicable regulations.

A clear and quick registration process

KYC is a procedure that verifies the identity of users before they can access Coinhouse services. This step is crucial for complying with regulations regarding fraud prevention and anti-money laundering.

The different steps of KYC on Coinhouse

The process to prove identity on Coinhouse is simple and quick:

• Registration of personal data, such as name, date of birth, and postal address;
• Uploading a valid identification, such as an ID card or passport;
• Taking a selfie to confirm the holder’s identity.
  Once these steps are completed, validation usually takes a few minutes to a few hours.

The role of KYC in security and compliance

KYC helps to mitigate the risks of money laundering and fraudulent use of services. By verifying the identity of each user, Coinhouse ensures that transactions comply with legal standards. This procedure guarantees that users interact on a secure platform. It reduces risks related to identity theft or illicit activities, providing a reliable framework for investors.

Full access to features after validation

Some services, such as the Euro Account, are only accessible after KYC validation. This requirement protects both the platform and users by ensuring that only verified profiles can carry out transactions. KYC adds value for investors in compliance with regulations. It guarantees a reliable environment and provides access to tailored services, such as managed accounts or Premium subscriptions.

In summary, KYC plays a central role in the security and reliability of the services offered by Coinhouse. This identity verification, simple and quick, is essential for fully accessing the platform’s features while benefiting from a regulated and secure framework. In conclusion, it should be noted that Coinhouse’s Euro Account proves to be a practical and innovative solution for simplifying crypto transactions. With tailored features like free transfers within the SEPA zone, quick activation, and secure access via a French IBAN, this service optimizes investment management. The KYC registration, essential to ensure security and compliance, enhances the reliability of the platform.

For investors seeking simplicity, speed, and transparency, the Euro Account from Coinhouse is an indispensable choice. Consider using it to maximize your opportunities and take advantage of Coinhouse’s competitive fees, while benefiting from the advantages of a secure and regulated environment.

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.