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Netcoins Review

Last Updated on January 31, 2024

James Headshot
Written by
Adam Headshot
Edited by
Netcoins logo
4.29
Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.
Visit Netcoins

The Bottom Line Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Netcoins presents itself as a comprehensive crypto exchange with a strong emphasis on security and customer satisfaction. Its trading platform is both accessible and feature-rich, providing a desirable option for Canadians looking to engage with cryptocurrency.

Table of Contents
Disclaimer: This is not a validation of cryptocurrency or any particular provider, service, or product. It should not be taken as advice to engage in trading or use any services. Please check our terms and conditions.

Pros

  • Easy to use interface
  • Supports a variety of cryptocurrencies
  • Offers educational resources for beginners
  • Available for use in multiple countries
  • Provides live customer support

Cons

  • Limited advanced trading features
  • Higher fees compared to some other exchanges
  • No option for margin trading
  • Limited payment methods
  • Does not offer a proprietary wallet service

Quick Summary

Headquarters Location Vancouver, Canada
Fiat Currencies Supported USD, CAD
Total Supported Cryptocurrencies 40+
Trading Fees 0.50%
Deposit Methods Bank Transfer, Credit Card, Cryptocurrency, Interac E-transfer, Simplex
Support Twitter, Instagram, Live Chat, Help Center Articles, Support Ticket
Mobile App Yes - iOS, Android

Welcome to our in-depth look at Netcoins, one of the Canadian exchanges making waves in the crypto space. This review seeks to uncover the various aspects of the platform, from its usability to the array of features offered.

Netcoins homepage

Netcoins has garnered attention not only for its offerings but also for the competitive landscape it operates within. As cryptocurrencies continue to gain mainstream acceptance, the need for dependable and uncomplicated platforms is more pronounced than ever.

Netcoins rises to this challenge, striving to deliver a service that demystifies the often complex world of digital currencies. With the rising demand for crypto assets, the relevance of such exchanges becomes even more significant, offering an essential bridge between traditional finance and the burgeoning crypto economy.

About Netcoins

Netcoins, a subsidiary of the publicly-traded company BIGG Digital Assets, has established itself in the cryptocurrency trading platform market as a trusted environment for buying and selling digital assets. With an emphasis on simplicity and customer service, Netcoins aims to provide a seamless entry into the world of crypto for both novice and seasoned traders.

Since its inception, Netcoins has navigated through a rapidly evolving industry, shaped by revolutions in blockchain technology and shifting market dynamics. Its growth trajectory parallels significant milestones in the crypto ecosystem, including regulatory changes, the boom and bust cycles of crypto markets, and the increasing interest from institutional investors.

Netcoins features

As a Canadian company, it has carved a niche in a competitive sector, balancing the need for innovation with adherence to regulatory frameworks. This equilibrium has played a crucial part in shaping the platform’s offerings, aiming to meet the diverse needs of its user base while fostering trust and stability.

Netcoins has a number of active social profiles including Twitter, Instagram, LinkedIn, Reddit and YouTube.

Netcoins has a mobile app on both the Apple App Store and Google Play.

Netcoins Supported Cryptocurrencies

Netcoins supports trading on over 40 cryptocurrencies on their platform. This exchange currently supports 16 of the top 30 market cap cryptocurrencies.

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Tether USDt (USDT)
  • BNB (BNB)
  • Solana (SOL)
  • XRP (XRP)
  • USDC (USDC)
  • Cardano (ADA)
  • Dogecoin (DOGE)
  • Avalanche (AVAX)
  • Shiba Inu (SHIB)
  • Chainlink (LINK)
  • TRON (TRX)
  • Polkadot (DOT)
  • Polygon (MATIC)
  • Bitcoin Cash (BCH)
  • Toncoin (TON)
  • Uniswap (UNI)
  • Litecoin (LTC)
  • Internet Computer (ICP)
  • Dai (DAI)
  • Ethereum Classic (ETC)
  • Filecoin (FIL)
  • Cosmos (ATOM)
  • Immutable (IMX)
  • NEAR Protocol (NEAR)
  • UNUS SED LEO (LEO)
  • Aptos (APT)
  • Stacks (STX)
  • Optimism (OP)

View all cryptocurrencies Netcoins supports

  • 1INCH
  • AAVE
  • ADA
  • ALGO
  • APE
  • ATOM
  • AVAX
  • AXS
  • BAT
  • BCH
  • BTC
  • CHZ
  • CRV
  • DOGE
  • DOT
  • ENJ
  • EOS
  • ETH
  • FTM
  • GALA
  • GRT
  • LINK
  • LRC
  • LTC
  • MANA
  • MATIC
  • MKR
  • PAXG
  • QNT
  • RNDR
  • SAND
  • SHIB
  • SOL
  • SUSHI
  • UNI
  • USDC
  • XLM
  • XRP
  • XTZ
  • YFI

Trading Experience

Netcoins facilitates a trading experience that caters to both beginners and experienced traders. The interface is extremely user-friendly and allows for quick user verification, ensuring that trades can be executed swiftly at the current market price.

The platform does not compromise on the range of trading features it offers, balancing ease of use with trading depth.

Netcoins distinguishes itself by offering a trading experience that aligns with market expectations for both functionality and performance. The advanced trading interface provides a comprehensive set of tools for market analysis and strategy execution, catering to the needs of traders looking for depth in their trading activities.

By balancing a user-friendly approach with an array of sophisticated trading options, the platform reinforces its position as an extremely user-friendly exchange. This commitment to a streamlined trading experience helps to lower the barriers to entry for new participants while satisfying the demands of more experienced market players.

Netcoins exchange marketing

Netcoins Fees

Netcoins employs a fee structure that is designed to be transparent and competitive. While specific numbers are not discussed here, it’s important to note that the platform incorporates both trading fees and blockchain fees, ensuring that users are aware of the total costs associated with their transactions.

Netcoins’ fee approach reflects a broader industry trend towards more transparent pricing models, making it easier for users to understand the true cost of their transactions. By incorporating both trading fees and blockchain fees, Netcoins ensures that clients have a full breakdown of charges.

This level of transparency is crucial in an industry where hidden fees can undermine trust. The exchange’s pricing strategy aligns with user expectations for fairness and clarity, allowing traders to make informed decisions without being caught off guard by unexpected costs.

Type Fee
Deposit Fee (Bank Transfer) 0% (for deposits over $3,000 CAD)
Deposit Fee (Credit Card) 0%
Trading Fee 0.50%
Withdrawal Fee (Bank Transfer) 0% - $20 USD

Netcoins supports a range of different cryptocurrencies with varying withdrawal fees. When looking at Bitcoin, their withdrawal fee is 0.0005 BTC compared to the industry average of 0.000075 BTC. So Netcoins has a fee that is above the industry average by 566.67%.

Security - Is Netcoins Safe?

Security is a cornerstone of the Netcoins exchange, which operates as a custodial exchange. The parent company’s investment in blockchain surveillance company emphasizes their dedication to maintaining a secure platform.

Various measures such as two-factor authentication, cold wallet storage, and a multisignature wallet system contribute to safeguarding client assets.

Venturing deeper into Netcoins’ security, the platform integrates advanced protocols alongside time-tested strategies. The multilayered security framework extends beyond the basics, involving ongoing system updates and regular security audits to anticipate and mitigate potential threats.

The parent company’s engagement with a blockchain surveillance company exemplifies a proactive stance in identifying and addressing vulnerabilities. Netcoins’ commitment to rigorous security measures demonstrates an understanding that building and maintaining user trust is paramount in the crypto industry.

Netcoins Customer Support

The customer service team at Netcoins is known for being responsive and attentive. Users have access to multiple contact methods, including email and phone, and can expect assistance within a matter of minutes.

The commitment to providing exceptional customer support is evident in the positive feedback from the platform’s user base.

Customer support remains a critical element in the user experience for any service-oriented business, and this is particularly true for crypto exchanges. A responsive customer service team is vital, especially in a market known for its volatility and rapid changes.

Netcoins recognises this need and has constructed a customer support network that prides itself on solving issues promptly. The exchange’s support infrastructure is designed to ensure that, whether through email or phone, assistance is provided efficiently, reflecting a broader industry benchmark for exceptional customer care.

Netcoins support

Netcoins Support Channels

  • Facebook
  • Twitter
  • Instagram
  • Live Chat
  • Help Center Articles
  • Support Ticket

How to Sign Up on Netcoins

  1. Create Account - Visit the Netcoins website and fill out the create account form. You'll need to include a valid email, set your password and type in other details like your phone number and name.
  2. Verify Account - Confirm your email, you should get an email asking you to verify your account creation.
  3. Transferring Funds - Once your account has been verified, you'll be able to deposit using the deposit methods listed below.
  4. Start Trading Crypto - That's it! You should now have everything in place to start trading.

Deposit Methods

  • Bank Transfer
  • Debit Card
  • Credit Card
  • Cryptocurrency
  • Paypal
  • Apple Pay
  • Google Pay
  • Interac E-transfer
  • Simplex

Netcoins Alternatives

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Binance

3.27
Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Total Supported Cryptocurrencies
359+

Trading Fees
0.10%

Fiat Currencies Supported
USD, GBP, CAD, EUR, NZD + 78 others

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Kraken logo

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3.67
Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Total Supported Cryptocurrencies
233+

Trading Fees
0.06% - 0.16%

Fiat Currencies Supported
USD, AUD, GBP, CAD, EUR + 1 other

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OKX logo

OKX

3.75
Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Total Supported Cryptocurrencies
332+

Trading Fees
0.06% - 0.10%

Fiat Currencies Supported
USD, AUD, GBP, CAD, EUR, NZD + 85 others

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Final Thoughts

After a thorough examination, Netcoins stands out with its commitment to accessibility and comprehensive customer support. The platform’s focus on creating a user-friendly experience without compromising on a robust selection of features is noteworthy.

In an era where digital finance is reshaping how we think about money and assets, the role of crypto exchanges cannot be overstated. These platforms are not just facilitators of cryptocurrency transactions but also pioneers at the frontiers of financial innovation.

As new technologies emerge and user demands evolve, exchanges like Netcoins will likely continue to adapt, offering more features and services that cater to an ever-growing audience. These developments may also influence the broader financial landscape, pushing traditional institutions to innovate or collaborate within this dynamic space.

Netcoins FAQs

Netcoins supports a variety of cryptocurrencies for trading on its platform. To get the most up-to-date list of supported coins, it’s best to visit the Netcoins website or contact their customer support directly as the availability of supported coins can change over time.

The withdrawal limit on Netcoins can vary based on factors such as account verification level and the currency being withdrawn. Users should refer to Netcoins’ official support or their account information for the current withdrawal limits applicable to their account.

Netcoins is owned by BIGG Digital Assets Inc., a company that invests in products and businesses in the blockchain technology space.

To transfer money to Netcoins, you can typically use methods like Interac e-Transfer, bank wire transfer, or online bill payment from a Canadian bank account. For detailed instructions and other possible methods, check Netcoins’ support or FAQ section on their website.

Netcoins offers a platform where users can buy, sell, and manage their cryptocurrency, which includes an online wallet service. However, it is not solely a crypto wallet provider.

Users have the option to store their coins within Netcoins’ wallet system while using the exchange.

Netcoins is based in Vancouver, British Columbia, Canada.

Yes, Netcoins provides a mobile app for their users. The app can be downloaded from the App Store or Google Play, enabling users to manage their cryptocurrencies, execute trades, and monitor the market while on the go.

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Methodology

At Crypto Head we use a rigorous research and rating process to assess each platform. Our star rating system is out of 5 stars and is designed to condense a large amount of information into an easy-to-understand format. You can read our full methodology and rating system for more details.

About The Authors

James Headshot
Written by

Crypto Technical Writer

James Page, previously the lead writer at Crypto Head and a registered psychologist, brings a unique perspective to the world of blockchain and cryptocurrency.

His extensive experience in the industry and ability to present complex concepts in an understandable manner make his articles a valuable resource for readers seeking to navigate the ever-evolving crypto landscape.

Check James out on:
Adam Headshot
Edited by

Co-Founder / Managing Editor

Adam Morris, the co-founder of Crypto Head and a respected crypto expert, offers insightful commentary and analysis on cryptocurrency, NFTs, and the evolving digital landscape.

His extensive experience and features in top-tier publications like Forbes and CNN underscore his deep understanding of the crypto world and its future potential.

Check Adam out on: