In this guide

  • Our verdict
  • Details
    • Product details
  • Frequently asked questions
  • Your reviews
Netcoins
4.0
★★★★★
Finder score
Fiat currencies
2
Supported assets
48
This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade or use any services.

Our verdict

This Canadian crypto platform offers a refreshingly simple flat-fee structure, but there are few advanced features.

Netcoins is a Vancouver-based cryptocurrency trading platform that's great for newbie investors. It has an easy-to-use interface and straightforward fees. Plus, it's registered with securities regulators in all Canadian provinces and territories.

Seasoned crypto enthusiasts may want to look elsewhere, as Netcoins doesn’t offer many advanced features and supports fewer cryptos than some of its competitors.

Pros

  • Flat 0.5% trade fee (plus spreads)
  • Free e-Transfer deposits & withdrawals. Free crypto deposits.
  • Prepaid Mastercard with 1% BTC rewards for fiat purchases
  • Limited insurance for cold storage crypto. Full hot wallet insurance.
  • Live chat, phone and email support

Cons

  • Limited number of cryptos
  • Prepaid Mastercard is not for businesses or Quebec residents
  • Fees for some bank wire transfers
  • No margin trading and you can only stake ATOM, ETH & SOL

In this guide

  • Our verdict
  • Details
    • Product details
  • Frequently asked questions
  • Your reviews

Details

Product details

Product Name Netcoins
Fiat Currencies CAD, USD
Cryptocurrencies BTC, ETH, ADA, SOL, LTC, BCH, DOT, ATOM, UNI & 39 more
Deposit Methods Cryptocurrency
Interac e-Transfer
Bank Wire
Trading Fee 0.5% (plus spread)
Deposit Fees Interac e-Transfer: Free (bank wires under $3,000 CAD are free)
Crypto: Free
Withdrawal Fees Interac e-Transfer: Free
Crypto: Varies
Bank wire: Free for withdrawals over $25,000 CAD, otherwise $50 CAD

Ratings methodology - how we scored Netcoins

Supported cryptocurrencies ★★★★★
Transferring money or assets ★★★★★
Fees and costs ★★★★★
Ease of use ★★★★★
Customer service ★★★★★
Features ★★★★★
Staking/earn ★★★★★
Trustworthiness/security ★★★★★

How we rate our crypto exchanges and platforms

Finder's editors objectively assess each platform across a spectrum of performance metrics using a system of 1 to 5 stars, which are designed to help you assess a crypto platform's strengths and weaknesses. You can read our full methodology here.

Our score and selection of the best crypto exchanges is based on the same criteria as our annual Crypto Trading Platform Awards, updated by our editorial team throughout the year to reflect changes in the market.

About Netcoins — company background

Founded in 2014, Netcoins is a Canadian cryptocurrency trading platform based in Vancouver. The company originally offered virtual Bitcoin ATM solutions but pivoted to crypto trading in 2021. Today, customers in Canada and the US use Netcoins to trade dozens of popular cryptos.

Netcoins is a subsidiary of BIGG Digital Assets, a crypto technology developer that publicly trades on the TSXV under the symbol "BIGG."

BIGG Digital Assets is heavily invested in crypto safety and compliance, producing software to help government agencies, law enforcement and regulators track, trace and monitor digital currency transactions. It also offers crypto risk-scoring software to help banks, ATMs, exchanges and retailers meet regulatory requirements.

Listed Netcoins crypto exchange assets

Netcoins supports over 48 cryptocurrencies, but some notable assets are missing. Namely, Tether, BNB and Lido Staked Ether, which are in the top 20 cryptos by market cap. In total, 13 of the top 20 cryptos are available on Netcoins.

Popular assets on Netcoins
supports
Bitcoin (BTC)
supports
Ethereum (ETH)
does not support
Tether (USDT)
supports
XRP (XRP)
supports
Solana (SOL)
does not support
BNB (BNB)
supports
Dogecoin (DOGE)
supports
USDC (USDC)
supports
Cardano (ADA)
does not support
Lido Staked Ether (STETH)
does not support
TRON (TRX)
supports
Avalanche (AVAX)
supports
Shiba Inu (SHIB)
does not support
Toncoin (TON)
does not support
Wrapped stETH (WSTETH)
supports
Chainlink (LINK)
does not support
Wrapped Bitcoin (WBTC)
supports
Stellar (XLM)
supports
Polkadot (DOT)
supports
Hedera (HBAR)

Netcoins fees

Netcoins Crypto and interac e-transfer deposits are free for folks in Canada.

Deposit & withdrawals fees

Transaction type Fee
Deposit funds Interac e-Transfer: Free (bank wires under $3,000 CAD are free)
Crypto: Free
Withdraw funds Interac e-Transfer: Free
Crypto: Varies
Bank wire: Free for withdrawals over $25,000 CAD, otherwise $50 CAD

Netcoins deposit methods

  • Cryptocurrency
  • Interac e-Transfer
  • Bank Wire

How to sign up on Netcoins exchange

Before you can even get started trading on Netcoins, you have to go through the rigorous verification process (which usually involves providing proof of identification). This can take time. The reason for this is Netcoins's commitment to certifications and compliance with regulations and insurers.

  1. Get started
    After selecting the Get Started button, fill in the create account form.
  2. Set up payment
    Before you can start trading, you have to add your bank account to your Netcoins account. There are several options to choose from, so choose the option most compatible.
  3. Provide identification
    Before you can make withdrawals and increase your transaction limits, you must submit proof of address and some additional identification. Use either a passport or a driver's license for this.
  4. Start trading
    After all that is processed, you're ready to trade on Netcoins.

Is Netcoins safe?

Netcoins is a regulated crypto trading platform that benefits from its association with parent company BIGG Digital Assets, which develops crypto safety and compliance tools. To remain compliant with provincial/territorial regulations, Netcoins requires customers to satisfy Know Your Customer (KYC) requirements when creating an account.

However, no crypto platform can fully guarantee immunity from cyber attacks.

Past hacks. In 2022, a customer allegedly exploited a software vulnerability to fraudulently withdraw $1.58 million CAD from Netcoins. The following year, Netcoins reported losing $343,000 CAD in operational funds (not customer assets) due to another instance of unauthorised network access.

Regulation. Netcoins is registered with FINTRAC as a money services business (MSB). It's authorised to do business in Canada by the Canadian Securities Administrators (CSA) and is registered with securities regulators in every Canadian province and territory.

Insurance. Most crypto assets are held in cold storage by a qualified third party and are backed by a $250 million USD insurance policy. Crypto assets held in hot wallets are fully insured by CoinCover.

Keeping your crypto secure

All centralised exchanges, including Netcoins, are vulnerable to counterparty risks like hacking, theft and insolvency. Using a self-custodial or hardware wallet is widely accepted as the best way to improve the security of your funds. We've shared some of our top picks below.

Ledger Nano X Wallet

Trezor Model T Wallet

Go to site
Go to site

Supported assets

5,500+

Supported assets

1,000+

Price (USD)

$149

Price (USD)

$129

Alternatives to Netcoins

1 - 3 of 13
Name Product GXFCY Deposit methods Fiat currencies Cryptocurrencies Offer Disclaimer Go to site
Uphold
Uphold
Bank transfer, Credit card, Debit card, Apple Pay, Google Pay

27

237

Go to site

Capital at risk

View details
Paybis Cryptocurrency Exchange
EXCLUSIVE
Paybis Cryptocurrency Exchange
Bank transfer, Credit card, Debit card, Neteller, Skrill, Apple Pay

60

87

Use code Finder25 to get a 25% discount on all commission for 1 transaction. T&Cs apply.
Go to site

Capital at risk

View details
Kraken
Bank transfer, Credit card, Cryptocurrency, Debit card, Apple Pay, Google Pay

7

207

Certain trading features are limited or unavailable to residents of Ontario and Quebec.
Go to site

Capital at risk

View details
Disclaimer: Star ratings are only displayed for products with 10 or more reviews.
loading

Frequently asked questions

Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

Your reviews

No reviews yet. Write a review
Go to site