What Are The Fees On Coinhouse For Buying Cryptocurrencies?

Investing in cryptocurrencies may seem complex, especially when it comes to understanding the fees charged by platforms. However, these costs can greatly influence the profitability of your investments. Coinhouse, the first French platform regulated by the AMF as a Digital Asset Service Provider (PSAN), positions itself as a trustworthy choice thanks to its transparency and secure framework. Whether you are a beginner or an experienced investor, it offers competitive fees and unique support. Discover in this article a detailed analysis of the fees applied by Coinhouse, a comparison with other platforms, and the advantages it offers to simplify your crypto investments.

The details on the purchase and conversion fees on Coinhouse

Coinhouse offers a detailed pricing structure for the purchase, sale, and conversion of cryptocurrencies. These fees vary depending on the services used and are transparent for users.

The purchase fees

The purchase fees on Coinhouse vary according to the payment method chosen. The platform offers solutions tailored to various investor profiles.

Purchases via the Euro Account

Individual users pay a fee of 0.99 % for purchases made via the Coinhouse Euro Account. The dedicated French IBAN allows for fast and simple transactions without the need to go through foreign accounts. This service is particularly useful for investors who desire greater control over their funds.

Purchases by credit card

The fees for payments by credit card amount to 2.49 %. This payment method is ideal for users seeking speed and simplicity. Although the costs are higher than through the Euro Account, credit cards allow for instant transactions.

Recurring purchases (DCA)

Coinhouse charges 2 % for recurring purchases, also known as Dollar-Cost Averaging (DCA). This method consists of investing a fixed amount regularly in a cryptocurrency, regardless of its price. It helps smooth out price fluctuations and is particularly suited for beginners looking to limit risks associated with volatility.

The sale and conversion fees

The fees applied for the sale and conversion of cryptocurrencies are competitive and easy to understand.

For selling cryptocurrencies

To sell cryptocurrencies, Coinhouse applies a rate of 1.29 %. The platform automates processes, making sales quick and easy, even for less experienced users.

For conversion between cryptocurrencies

The conversion between two cryptocurrencies is charged at 0.69 %. This rate is lower than that of many other platforms, which often impose fees around 1 %. This allows investors to diversify their portfolios without incurring excessive fees.

Other fees

Coinhouse also applies fees for specific services, such as withdrawals and Premium subscriptions.

Withdrawals to an external wallet

Withdrawals of cryptocurrencies to an external wallet incur network fees, plus a commission of 0.29 %. These fees are between a minimum of 1.49 € and a maximum of 500 €. The network fees cover the cost of operations on the blockchain, which varies depending on network congestion. This additional cost ensures the speed and security of transactions.

Investor and Private Management subscription fees

Coinhouse offers two paid subscription plans to reduce fees and access additional services:

• Investor : 299 € VAT/year or 34 € VAT/month;
• Private Management : 629 € VAT/year.

These subscriptions include discounts on transaction fees and personalized support from experts. They are particularly attractive for regular investors or those managing large volumes of assets. Here is a summary table of Coinhouse fees:

This table provides an overview of the main fees applied by Coinhouse, allowing investors to better plan their transactions according to their needs.

Comparison of Coinhouse with the competition

Coinhouse stands out in the cryptocurrency platform market with its French regulation, personalized services, and a transparent pricing structure. However, it is useful to compare its fees with those of other popular platforms to better understand its positioning.

Coinhouse vs Binance

Binance, one of the largest cryptocurrency platforms in the world, offers competitive purchase fees, especially by credit card.

• The fees at Binance : the purchase fees by credit card are around 2 %;
• Advantages of Coinhouse : Coinhouse stands out due to its regulated framework and regulation by the AMF. This compliance reassures investors, especially beginners or those seeking a localized platform in France. Additionally, Coinhouse offers personalized support, absent on Binance, making it an interesting choice for users looking for direct assistance.

However, Binance offers a wider range of cryptocurrencies and advanced trading tools, which attracts more experienced traders.

Coinhouse vs eToro

eToro, popular for its user-friendly approach, offers competitive fees on certain services, but its transparency is sometimes criticized.

• The fees at eToro : deposits by credit card or bank transfer are often free of charge. However, eToro applies hidden spreads in its prices, increasing costs for the user;
• Advantages of Coinhouse : the transparency of Coinhouse regarding the fees applied is a major asset. Users know exactly the costs before each transaction. Moreover, Coinhouse offers an educational approach and personalized advice, while eToro focuses on social trading. This makes Coinhouse more suitable for cautious and beginner investors.

However, eToro offers asset diversification with options like stocks and ETFs, which may appeal to users seeking a varied range of investments.

Coinhouse vs Coinbase

Coinbase, a widely used platform in Europe and the United States, is often criticized for its high fees.

• Fees at Coinbase : purchases by credit card cost around 3.99 %, which is significantly higher than at Coinhouse;
• Advantages of Coinhouse : with fees of 2.49 % for credit card payments, Coinhouse positions itself as a less expensive alternative for occasional users. In addition, the platform focuses on a rigorous selection of around 50 reliable cryptocurrencies, while Coinbase offers a wider range but at much higher fees. Coinhouse also provides clear regulation in France, unlike Coinbase, which operates under more general regulations in the United States.

The positioning of Coinhouse in relation to its competitors

Coinhouse stands out with an offer that aims to combine security, simplicity, and personalized support.

The justification for slightly higher fees

Coinhouse charges fees that are slightly higher than some international platforms, but this is explained by the quality of the services offered. French regulation ensures a secure and compliant framework, which protects users against risks associated with unmonitored transactions.

Moreover, the platform focuses on user education and supports them at every step. The Investor and Private Management subscriptions reduce fees and offer additional benefits, such as a dedicated portfolio manager. These services, which are non-existent with some competitors, partly justify the higher fees.

Services dedicated to beginners and cautious investors

Coinhouse is particularly suited for beginners thanks to its intuitive interface and customer support in French. Unlike platforms like Binance, which mainly cater to experienced traders, Coinhouse favors a simplified and educational approach.

Increased security and total transparency

The regulation by the AMF enhances user trust, especially in a sector often prone to fraudulent platforms. Additionally, Coinhouse is completely transparent about its fees, allowing users to plan their investments with peace of mind.

In short, Coinhouse offers a competitive pricing structure for localized and regulated service. Compared to Binance, eToro, and Coinbase, the platform positions itself as an ideal choice for beginners and investors seeking personalized support. Although its fees are slightly higher, they reflect the quality of services and security provided by strict regulation. Coinhouse thus stands out as a reliable platform suitable for a cautious audience, prioritizing simplicity and peace of mind.

The advantages of Premium offers for beginners

The Premium subscriptions from Coinhouse allow new investors to benefit from reduced fees. These offers also include services like managed investment, where Coinhouse experts manage users’ portfolios. This simplifies investments and makes them accessible to those who lack time or in-depth knowledge. Thanks to these options, beginners can start investing while receiving support from experts, which limits costly mistakes.

In summary, the Coinhouse crypto platform stands out for its transparent pricing structure, regulated framework, and services tailored to both beginners and experienced investors. An analysis of the fees reveals competitive costs for buying, selling, and converting cryptos, all while offering a high level of security due to regulation by the AMF. Compared to its competitors, Coinhouse justifies its slightly higher fees through personalized support and ease of use. For those seeking a safe and accessible experience, Coinhouse is an excellent choice. Moreover, Premium subscriptions further reduce costs and optimize long-term investments.

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.