If you’re from Europe and are wondering how to buy Bitcoin or how to sell your Ethereum, look no further!
Coinhouse and Coincorner are two of the most favorable crypto exchanges and wallet providers in the EU, bringing easy access to the crypto market. Both platforms have become established enterprises, trusted by thousands of investors in the continent and worldwide.
Coinhouse and Coincorner were both founded in 2014, and they share several other similarities as well. They both implement KYC (know your customer) and AML (anti money laundering) guidelines which require users to verify their identities in order to participate in their platform.
What sets them apart from most crypto exchanges is the fact that they offer conventional payment methods like credit card and bank transfer. This gives them enough edge to be competitive, as fiat gateways are few and far between in the crypto industry.
User Interface (UI)
While creating a Coincorner account requires inputting tedious personal information from the get-go, Coinhouse avoids causing friction by allowing users to sign up with their Facebook or email account.
Both exchanges have a slick and modern-looking interface although Coinhouse has a slightly more professional “feel” to it.
Unlike their design, their features are almost 100% identical; even the tabs are the same (dashboard, buy, sell, etc.).
Once the identity verification process is done, it’s all easy-peasy from here on out. You can buy cryptocurrencies quite easily in either platform they both have a clean and easy-to-use interface.
Both exchanges implement industry standard security measures against hackers such as 2FA (Two-factor authentication). Be sure to activate this as soon as you put funds into your account as 2FA makes a world of difference for user security.
There are two categories of fees: the first category is for deposits and withdrawals, the second is for buying and selling AKA the trading fees. Let’s start with the first one.
Deposits and Withdrawals
Withdrawal Fees N/A
For all their similarities it’s quite ironic that both platforms have very different structures in terms of deposits and withdrawal fees. Coincorner has both free and paid options for deposits while Coinhouse has negligible withdrawal fees.
Coinhouse has disproportionately high deposit fees, especially if you have low volume deposits. You must also consider the fact that Coinhouse fees are cumulative in that the more crypto you buy from them the less fee you pay.
In this case, Coincorner may be the winner as it only charges SEPA users €1.50 for withdrawal fees. However, if we consider the Premium account discounts for Coinhouse users, the results may vary.
For the price of $39, users can avail of Coinhouse’s premium service and add enormous benefits such as access to 300 more cryptocurrencies, enhanced customer services, a personal account manager, and of course, cheaper fees.
You can also opt for the Pro version, however, it seems too pricey for the service offered and isn’t really necessary.
For premium users, Coinhouse only charges:
Credit card: 3.9%
With all things considered, we have to conclude that there is no better fee structure per se, it all depends on the user’s preference.
Buy and Sell Fees
Coin Swaps 0.5%
Coincorner has more economical trading fees as you can see from above.
BTC, ETH, LTC, XRP
BTC, ETH, LTC
300+ cryptocurrencies for premium users (basically anything that is available in the Kraken exchange)
Coinhouse only caters to SEPA countries while Coincorner is available for all users worldwide. However, since Coincorner is regulated primarily in Europe, a lot of deposit options are not available for some non-Europe states.
Bank Transfer – €10,000 per transfer
Credit Card – €2,000 per purchase
They have a bespoke service made for big-time investors (€100,000 and above) which costs €249 per month.
It seems that both exchanges have their own strengths and weaknesses. But generally, users are very particular with how much they can save while buying crypto.
Although there is no clear overall winner, Coincorner may be a more attractive option for most users since they offer cheaper fees. Still, choosing which platform to use boils down to the user’s preference.
If you’re the type who wants to invest over €100,000 then perhaps you should opt for Coinhouse unless you want to pay additionally for Coincorner’s bespoke service.
All in all, both exchanges provide excellent service. They are a bit pricey though, as opposed to traditional centralized exchanges like Binance and Kraken. However, they do make up for it by providing easier access with fiat gateways available. If you’re new to Bitcoin, we recommend using these platforms to jumpstart your crypto journey.