Netcoins review

Ratings methodology - how we scored Netcoins

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, 12 of the top 20 cryptos are available on Netcoins.

• See all Netcoins crypto assets

  • BTC
  • ETH
  • XRP
  • BCH
  • EOS
  • LTC
  • ADA
  • XLM
  • MKR
  • DOGE
  • BAT
  • LRC
  • LINK

  • MANA
  • DOT
  • ATOM
  • UNI
  • XTZ
  • FTM
  • USDC
  • ALGO
  • QNT
  • HBAR
  • CHZ
  • ARB

  • TIA
  • POL
  • SOL
  • YFI
  • CRV
  • AVAX
  • SUSHI
  • SAND
  • AAVE
  • INJ
  • NEAR
  • AXS

  • GRT
  • 1INCH
  • SHIB
  • GALA
  • DYDX
  • APE
  • WLD
  • BONK
  • PEPE
  • WIF
  • RENDER

Netcoins fees

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

Deposit & withdrawals fees

Netcoins deposit methods

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	SafePal S1 Wallet
Go to site	Go to site	Go to site
Supported assets 5,500+	Supported assets 1,000+	Supported assets 30,000+
Price (USD) $149	Price (USD) $129	Price (USD) $49.99

See more of the best crypto wallets

Compare now

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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 Compare	loading Fetching your data...

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

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