EUR-L is a stablecoin, which means that its value is backed by a fiduciary currency, in this case the euro. A mechanism ensures that the value of the EUR-L does not vary or varies very little over time, tending towards 1:1 with the euro.
The customer who holds EUR-L tokens can exchange them instantly for other cryptocurrencies. In the same way, he can resell cryptocurrency to obtain EUR-L in exchange. He can also keep the EUR-L securely on the Coinhouse platform while waiting for the most convenient time to buy.
The limits for buying and selling EUR-L against euros are the same as those for buying and selling other cryptocurrencies with euros. However, there is no limit for buying and selling EUR-L on the Coinhouse platform. Only the minimum transaction threshold of €30 applies.
A commission of 1.49% is applied to transactions involving the EUR-L.