In this guide

  • Our verdict
  • Details
    • Product details
  • Frequently asked questions
  • Your reviews
Finder makes money from featured partners, but editorial opinions are our own.

Netcoins review

  • Iain Taylor's headshot
Netcoins Trading Platform
4.0
★★★★★
Finder score
Fiat currencies
2
Supported assets
37
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

Buy and sell crypto on Netcoins with 0% deposits and free withdrawals.

Netcoins is a Canadian-based cryptocurrency exchange that serves as a good platform for crypto newbies to make their first crypto purchase(s).

The exchange has an easy-to-navigate user interface, makes the Know Your Customer (KYC) process easy and is compliant with a host of Canadian regulators.

For these reasons, plus the fact that it only supports 12 crypto assets, Netcoins is a secure and user-friendly platform for the crypto curious to get their feet wet.

Seasoned crypto enthusiasts may want to look elsewhere, as Netcoins doesn’t provide advanced trading features, nour does the platform enable staking or lending your crypto to earn a yield on it.

Pros

  • Flat 0.5% trade fee (plus spreads)
  • Free e-transfer and crypto deposits. Free ACH withdrawals.
  • Most digital assets held in insured cold storage. Hot wallet assets fully insured.
  • Live chat, email and phone support

Cons

  • Limited selection of digital assets compared to some exchanges
  • Fee for bank wire deposits under $3,000 CAD

In this guide

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

Details

Product details

Product Name Netcoins Trading Platform
Fiat Currencies CAD, USD
Cryptocurrencies BTC,ETH,ADA,SOL,LTC,BCH,DOT,ATOM,UNI & 28 more
Deposit Methods Cryptocurrency
Interac e-Transfer
Bank Wire
Trading Fee 0.5%
Deposit Fees Interac e-Transfers: None
Cryptocurrency: None
Bank Wire: None for deposits over $3,000 CAD or $2,000 USD; $30 CAD or $20 - $25 USD for less
Withdrawal Fees Interac e-Transfers: None
Cryptocurrency: Varies
Bank Wire: Free for withdrawals over $25,000 CAD or $6,000 USD; $50 CAD or $75 USD for less

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

Netcoins is a Canadian cryptocurrency exchange based in Vancouver, BC which was founded in 2014. Originally Netcoins was a company offering a virtual Bitcoin ATM solution and operating as a private brokerage service for institutional crypto investors. It transitioned to a cryptocurrency trading platform in September, 2021.

Netcoins operates as a subsidiary to the larger publicly traded company BIGG Digital Assets. It is a registered MSB with FINTRAC, and is fully regulated and registered with the Canadian Securities Administrators (CSA) and BCSC.

Netcoins offers 12 different cryptocurrencies on the exchange. It offers an approachable and reliable option for traders with an added level of transparency through being a subsidiary of a publicly traded company.

Listed Netcoins crypto exchange assets

Netcoins supports over 37 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)
does not support
BNB (BNB)
supports
Solana (SOL)
supports
USDC (USDC)
does not support
Lido Staked Ether (STETH)
supports
XRP (XRP)
does not support
Toncoin (TON)
supports
Dogecoin (DOGE)
supports
Cardano (ADA)
does not support
TRON (TRX)
supports
Avalanche (AVAX)
supports
Shiba Inu (SHIB)
does not support
Wrapped Bitcoin (WBTC)
supports
Polkadot (DOT)
supports
Chainlink (LINK)
supports
Bitcoin Cash (BCH)
supports
Uniswap (UNI)
does not support
LEO Token (LEO)

Netcoins fees

Deposit & withdrawals fees

Transaction type Fee
Deposit funds Interac e-Transfers: None
Cryptocurrency: None
Bank Wire: None for deposits over $3,000 CAD or $2,000 USD; $30 CAD or $20 - $25 USD for less
Withdraw funds Interac e-Transfers: None
Cryptocurrency: Varies
Bank Wire: Free for withdrawals over $25,000 CAD or $6,000 USD; $50 CAD or $75 USD for less

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 more regulated than other cryptocurrency exchanges due to it being a subsidiary of a publicly traded company. This can be seen as both a positive and a negative. The exchange is more transparent and has stronger security measures in place, but the trade-off is a more invasive KYC protocol as a result. Users need to submit more sensitive information to create an account than other exchanges.

Past hacks. Netcoins as a cryptocurrency exchange is still in its infancy, but to date, it has not experienced any hacks.

Security audits. Netcoins is a registered MSB with FINTRAC, and is also fully regulated and registered with the Canadian Securities Administrators and BCSC.

Netcoins leverages blockchain analytic and forensic tools BitRank and QLUE as additional safeguards.

Insurance. There is no insurance for users on Netcoins. Users’ accounts do not qualify for Canadian Investor Protection Fund (CIPF) insurance.

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

9,000+

Price (USD)

$149

Price (USD)

$179

Whether products shown are available to you is subject to individual provider sole approval and discretion in accordance with the eligibility criteria and T&Cs on the provider website.

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Bank transfer, Credit card, Cryptocurrency, Debit card, P2P

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OKX Cryptocurrency Exchange
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35

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Uphold
Bank transfer (ACH), Credit card, Debit card, Apple Pay, Google Pay

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Paybis Cryptocurrency Exchange
Bank transfer, Credit card, Debit card, Neteller

42

373

Finder Exclusive: Get 25% discount on all commission for 1 transaction when using promocode Finder25. There is no time limit on the validity of the promo code.
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Bitstamp Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, SEPA, Faster Payments (FPS)

3

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Coinmama Cryptocurrency Marketplace
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7

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31

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Kraken
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Certain trading features are limited or unavailable to residents of Ontario and Quebec.
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Paybis Cryptocurrency Exchange
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Paybis Cryptocurrency Exchange
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Disclaimer: Star ratings are only displayed for products with 10 or more reviews.
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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.

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