Review on Coinhouse by Fanuel PORPORTY
Coinhouse - The French broker
CoinHouse is a 100% French Bitcoin platform. Besides, it is also known as "House of Bitcoin". It is located at 35 rue du Caire, in Paris, France. It was created in 2014 thanks to the initiative of Eric Larchevêque. It all started with the House of Bitcoin, a brick and mortar Bitcoin shop located at CoinHouse headquarters. This unusual store is a special place to buy Bitcoin. Just like a currency exchange counter, you need to provide a piece of ID and your Bitcoin wallet to benefit from its service. Aiming at the popularization of cryptocurrencies, it led to the birth of CoinHouse, which now accepts more than 250 cryptocurrencies including Bitcoin of course, but also Ethereum and its many tokens. In short, it supports all the crypto and pairs listed on Kraken. In fact, the price of Bitcoin displayed on the site follows that of Kraken also.
Pros
- CoinHouse offers a successful experience for new crypto asset traders thanks to its safe and easy-to-use service. Its facilitated and directed offer allows any neophyte to start a good approach via its appreciable little guides.
- CoinHouse is practical and does not require a deep knowledge of cryptocurrency, in the sense that any major investor, with a bank card and a digital wallet can try their experiences on the platform.
- account holders can directly request the platform's services by visiting their parent company in Paris, a guarantee of security that is not found in competition.
Cons
- To begin with, the platform is guaranteed by a permanent establishment but does not justify regulations imposed by the regulatory authorities.
- CoinHouse is focused on basic trading offerings for Bitcoins, Ethereum, Litecoin etc ... but gaps remain regarding services for traders in Ripples, Dash and other less known cryptocurrencies.
- CoinHouse is only available on basic operating systems like Windows, Mobile and Mac. Trading platforms like MetaTrader, or Web Trader are not offered.
- Coinhouse's big gap will be its cryptocurrency offering. Although it is very promising for those who discover it, the French broker provides its users with cryptocurrencies that do not reflect the reality of the market to the extent that many of them do not even appear in the top 300 according to the CoinMarketCap reference.
