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Cryptocurrencies have been growing in level of popularity in Canada, new online trading platforms are entering the market all the time, making it easier than ever for Canadians to buy and sell crypto. One such platform in Canada is Netcoins. Check out if Netcoins is the best crypto trading platform for you. 

Who Is Netcoins?

Netcoin is a Vancouver-based cryptocurrency exchange that was launched in 2014 by BIGG Digital Assets, and is traded under the ticker symbol ‘BIGG’. They started as a private brokerage service for large institutional crypto investors and were one of the first fintech companies in Canada to offer virtual Bitcoin ATM solutions.    

Netcoins Features

Here are some of the features that make Netcoins stand out amongst competing cryptocurrency exchanges in Canada:

  • Price Alerts – Once you’ve registered for a Netcoins account, you’ll have the option of receiving notifications when the prices of your cryptocurrencies change. 
  • Limit Orders – This feature lets you purchase and sell cryptocurrencies at set prices, so you don’t have to constantly check the market prior to making a trade.  
  • Fast Transactions – As long as all the required information is correct, most Netcoins clients will receive almost instant verification on their crypto trades.   
  • 0% Funding Fees – Netcoins doesn’t charge any funding fees to deposit crypto or fiat currency (CAD or USD) into your account. Fiat withdrawals are free too.  
  • Coins Supported – According to their website, Netcoins currently supports a small variety of crypto coins and tokens (22 in total, with more on the way). Here are some of the most popular cryptocurrencies you can trade:
    • Algorand (ALGO)
    • Avalanche (AVAX)
    • Bitcoin (BTC)
    • Bitcoin Cash (BCH)
    • EOS
    • Ethereum (ETH)
    • Ethereum Classic (ETC)
    • Litecoin (LTC)
    • Ripple (XRP)
    • Stellar Lumens (XLM)
    • USD Coin (USDC)

How Does Netcoins Work?

Thankfully, the Netcoins crypto trading process is relatively simple, which makes their platform a good choice for less experienced investors. Just follow these steps:

Step 1. Set Up Your Account 

Download the Netcoins mobile app on your smart device or visit their website and click “Log In/Sign Up”, then enter your email and create a password. Once connected, you’ll have to verify your phone number as well.  

Step 2. Confirm Your Identity

Next, provide your information (name, address, etc.) and a copy of your government-issued photo ID or resident permit (driver’s license, passport, etc.). This confirmation process may take a few minutes. 

Step 3. Fund Your Account

Once your ID is verified, it’s free to fund your account with crypto or fiat (CAD or USD) by instant e-Transfer ($10 minimum) or by bank wire, which can take 1 to 3 business days ($500 minimum in the associated currency).  

Step 4. Buy Crypto (Optional)

After your information checks out, you’ll already be able to purchase different cryptocurrencies through Netcoins. This is done by linking your bank account to your new Netcoins account.  

Step 5. Start Buying and Selling

Once your account is set up, it’s really easy to trade crypto and keep funding your account anywhere in Canada. With Netcoins, you can buy or sell as little as $10 or as much as $10 million.

Netcoins Fees

While most deposits and withdrawals are free, you may encounter small fees for certain transactions you perform on the Netcoins app or platform, including but not limited to:

  • Trading Fees = 0.50% for every trade
  • Cryptocurrency Withdrawals = Depending on the cryptocurrency you withdraw, Netcoins will charge a flat fee. Varying fees will apply whenever you withdraw crypto from your Netcoins account and transfer it to another cold wallet or platform. Here’s Netcoins’ current crypto price spread (keep in mind that costs could change according to the crypto market):

Cryptocurrency Withdrawal Fees

Type Of CryptocurrencyCryptocurrency Flat Withdrawal Fees
Algorand (ALGO)1 ALGO
Avalanche (AVAX0.1 AVAX
Bitcoin (BTC)0.00025 ETC
Bitcoin Cash (BCH)0.001 BCH
Ethereum (ETH)0.005 ETH
Ethereum Classic (ETC)1 ETC
Litecoin (LTC)0.02 LTC
Ripple (XRP)0 XRP
Stellar Lumens (XLM)1 XLM

Netcoins Pros And Cons

Although Netcoins and their parent company (BIGG) are both well established financial companies, there are some benefits and drawbacks of the Netcoins platform, such as: 


  • Customer Support – One notable aspect of Netcoins is their customer service, which is available by phone and live chat during business hours (or email 24/7). 
  • Quick Verification – As mentioned, Netcoins clients can (almost) instantly verify their accounts and most types of crypto transactions, apart from bank wires.   
  • Regulated – Netcoins is registered as a Money Service Business (MSB) with FINTRAC.  
  • Secure – The Netcoins platform has lots of security, like two-factor authentication (2FA). It also leverages blockchain analytic and forensic tools (QLUE & BitRank).  
  • Netcoins App – Another major benefit of Netcoins is their mobile app, which is available on Android and Apple devices. You might like this app because it:
    • Can be synced with your Netcoins web account or desktop.
    • Lets you easily withdraw crypto and transfer it to your mobile wallet.
    • Allows for free cash withdrawals (in USD or CAD).
    • Offers live customer support, 7 days a week. 


  • Limited Coins – For the time being, Netcoins only supports 22 crypto coins and tokens, which is low compared to some other trading platforms out there. 

How Does Netcoins Compare To Other Trading Platforms?

As you can see, the Netcoins platform has plenty of things going for it. Now let’s find out how it compares to other popular cryptocurrency trading platforms in Canada such as Wealthsimple Crypto and Coinsmart:

NetcoinsWealthsimple CryptoCoinsmart
Coins– ALGO
22 total (more to come)
43 total (for now)
16 total (for now)
Funding– Interac e-Transfer
– Bank Wire
– Credit Card
– Bill Payment
Electronic Funds Transfer (ETF)– Interac e-Transfer
– Bank Wire
– Debit/Credit Card
– Bank Draft
Fees– 0.50% trading fee
– Free fiat deposits & withdrawals
– Varying fees for crypto withdrawals
– Price spread of up to 2%
– Free deposits & withdrawals
– 0.20% trading fee
– Varying fees for certain deposits & withdrawals
Regulated YesYesYes

Netcoins FAQs

Is Netcoins safe to use?

Netcoins is a legitimate, government-regulated crypto platform. They employ multiple layers of security and their parent company, BIGG Digital Assets is traded on the OTC markets (OTCQX), Canadian Securities Exchange (CSE) and WKN. Keep in mind that cryptocurrencies are not protected by the Canadian Investor Protection Fund (CIPF).      

Does Netcoins have a referral program?

Netcoins does offer a referral program that gives you a $50 bonus whenever you successfully refer a friend. There’s no limit to the number of referrals you can make. Additionally, the person you refer to Netcoins will receive a $10 sign-up bonus once they’ve traded at least $100 in crypto and used your unique referral link.   

Can I store crypto in my external wallet?

As a Netcoins member, you can choose to store funds in your account or withdraw them to an external wallet using your mobile device. While fiat withdrawals are free, you’ll have to pay a small fee to withdraw cryptocurrency from your account.   

What is KYC?

Since Netcoins is a Money Service Business that’s registered with FINTRAC, they’re required to have a compliance program and a Know-Your-Customer (KYC) process, which all potential clients must go through. Basically, this procedure allows Netcoins to confirm the identities of their consumers, in accordance with Canadian regulations.    

Does Netcoins have an app?

The Netcoins app is one of the platform’s biggest selling points, due to all the different features it comes with. Just like your Netcoins account, it also lets you start trading crypto with as little as $10 and will verify most of your transactions within minutes. To download the Netcoins app, check out Google Play or the App Store.    

Final Thoughts

If you’re trying to enter the crypto market and invest in your future, Netcoins might be a perfect trading platform for your personal and financial preferences. Visit the Netcoins website or reach out to their customer service department today for more information about the cryptocurrencies, special features, and payment options they offer.

Bryan Daly avatar on Loans Canada
Bryan Daly

Bryan is a graduate of Dawson College and Concordia University. He has been writing for Loans Canada for five years, covering all things related to personal finance, and aims to pursue the craft of professional writing for many years to come. In his spare time, he maintains a passion for editing, writing screenplays, staying fit, and travelling the world in search of the coolest sights our planet has to offer.

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