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Netcoins Review Jan 2023: $50 Bonus Offer

Netcoins is a Canadian cryptocurrency exchange and one of the first financial technology companies to offer a Bitcoin ATM.

It was founded in 2014 and is owned by BIGG Digital Assets, a company that is traded on the CSE under the ticker symbol “BIGG.”

The Netcoins platform supports the trading of 25+ digital currencies, including Bitcoin, Ethereum, USDC, Avalanche, Algorand, Fantom, Shiba Inu, and more.

This Netcoins review covers how it works, the coins offered, fees, whether it is safe, and how it compares to competitors like Coinsmart, NDAX, and Bitbuy.

You also learn how to get a $50 bonus from CoinSmart.

Netcoins – Summary of Features


netcoins logo

Trade several popular coins

Excellent crypto broker for newbies

Up to 0.50% trading fee

Get a $25 bonus when you trade $100

  • Offers 25+ different cryptocurrencies
  • One-click trading for beginners
  • Registered Money Service Business (MSB) with FINTRAC with license #M15560893
  • Free deposits and free fiat withdrawals
  • Owned by a publicly-traded company – BIGG Digital Assets

How Netcoins Works

Netcoins is designed with newbie cryptocurrency traders in mind. You can easily place a one-click trade or set a limit order if you have a specific execution price in mind.

To get started, sign up here, and enter the personal KYC information required to verify your identity.

The sign-up link above gives you a $25 reward after you have purchased or sold $100 worth of crypto.

You will also need to provide a copy of your government-issued ID, e.g., driver’s license or passport.

Following account verification (usually takes a few minutes), you can add funds using Canadian or U.S. dollars or deposit cryptocurrency from another exchange or crypto wallet.

You can fund with fiat currencies using Interac e-Transfer, online bill payment, or bank wire.

Credit card purchases are also available for some coins; however, this option has minimum purchase requirements and the purchase prices are at a premium.

Cryptocurrencies Supported by Netcoins

The coins you can trade on Netcoins are:

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • USD Coin (USDC)
  • Bitcoin Cash (BCH)
  • Litecoin (LTC)
  • Algorand (ALGO)
  • Avalanche (AVAX)
  • Ethereum Classic (ETC)
  • EOS
  • Stellar (XLM)
  • Fantom (FTM)
  • Decentraland (MANA)
  • Shiba Inu (SHIB)
  • ApeCoin (APE)
  • Chainlink (LINK)
  • SushiSwap (SUSHI)
  • Yearn.Finance (YFI)
  • Curve (CRV)
  • Ripple (XRP)
  • Polygon (MATIC)
  • Enjin Coin (ENJ)

Netcoins Fees

The pricing on Netcoins is straightforward. You pay a flat-rate trading fee of 0.50%.

All deposits are free (both fiat and crypto).

Fiat withdrawals are free; however, you pay a fee when withdrawing crypto to another platform or a cold wallet.

Some crypto withdrawal fees are:

  • Bitcoin: 0.00025 BTC
  • Ethereum: 0.01 ETH
  • Litecoin: 0.02 LTC
  • Bitcoin Cash: 0.001 BCH
  • USD Coin: 40 USDC
  • Stellar: 1 XLM
  • Avalanche: 0.1 AVAX
  • Ethereum Classic: 0.1 ETC
  • EOS: 1 EOS
  • SHIB: 1,000,000 SHIB
  • MANA: 13 MANA
  • FTM: 22 FTM

Pros and Cons of Netcoins

The benefits and downsides of this platform include the following:


  • User-friendly platform for new crypto traders
  • Almost instant verification for most customers
  • Free cash deposits and withdrawals
  • Average 0.50% trading fee
  • Supports price alerts
  • Customer support is provided through live chat, phone, and email
  • Owned by a publicly traded company
  • Accepts both CAD and USD funding
  • Supports credit card purchases


  • Does not offer advanced charting tools or limit order book for advanced traders

Is Netcoins Safe and Legit?

Netcoins appears to be a legitimate company. It is registered with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) as Money Service Business.

Its parent company, BIGG Digital Assets, is traded on the Canadian Securities Exchange, OTC Markets (OTCQX), and WKN.

While Netcoins is not accredited by the Better Business Bureau, it has an A+ rating on the platform. On Trustpilot, it has a 4.5/5 rating from 150+ reviews as of February 2022.

Cryptocurrencies are not protected by the Canadian Investor Protection Fund (CIPF). If you prefer an investment vehicle that is eligible for protection against the insolvency of a member firm, take a look at these Bitcoin ETFs and Ether ETFs.

As per Netcoins, it uses BitRank and QLUE to safeguard its trading platform.

Netcoins Referral Program ($25 Bonus)

The Netcoins referral program gives you up to a $25 bonus for each friend you refer. The referred friend also receives a $25 reward.

For referral bonuses to apply, they must sign up through your link and trade at least $100 worth of crypto.

There are no limits to how many people you can refer.

Netcoins vs. Coinsmart vs. NDAX vs. Bitbuy

The table below shows how Netcoins compares to Coinsmart, NDAX, and Bitbuy.

CoinSmart Crypto Exchange

coinsmart logo

Top crypto exchange in Canada

Great for new & advanced traders

0.20% trading fee

Get a $50 bonus when you deposit $200

Crypto PlatformsNetcoinsCoinsmartNDAXWealthsimple Crypto
Funding optionsInterac e-Transfer, bank wire, bill payment, credit card Interac e-Transfer, bank wire, bank draft, credit/debit cardInterac e-Transfer, bank draft, and bank wire Electronic Funds Transfer
Fees0.5% trading fee; free fiat deposits and withdrawals 0.20% trading fees; some on deposits/withdrawals 0.20% trading fee; free deposits; flat-rate fee for withdrawalsUp to 2% price spread; free withdrawals and deposits
CIPF/CDIC insuranceNo No No No
Referral bonus$25 after trading $100 worth of crypto$50 when you deposit $200$25 cash bonus when you deposit at least $200
Learn moreVisit NetcoinsVisit CoinsmartRead reviewVisit Wealthsimple

Netcoins Review FAQs

Is Netcoins regulated?

Netcoins is regulated as a Money Service Business in Canada by FINTRAC. It is not regulated by the Investment Industry Regulatory Organization of Canada (IIROC), and your account does not qualify for CIPF insurance.

Is the Netcoins app legit?

Yes, the Netcoins app is legit, and you can install it for iOS and Android devices.

Who owns Netcoins?

Netcoins is operated by BIGG Digital Assets, a publicly-traded company on the Canadian Stock Exchange.

Is Bitcoin a good investment?

As far as I know, all cryptocurrencies are speculative investments and highly risky. You may make money, and you could also lose your entire investment.

Where do I buy bitcoin in Canada?

There are several cryptocurrency trading platforms in Canada, including popular ones like Netcoins, Shakepay, NDAX Coinsquare, Coinsmart, and Wealthsimple Crypto.

Have you tried Netcoins? Let us know about your experiences in the comments.

Disclaimer: Cryptocurrency is a volatile and speculative investment. If you decide to invest, we recommend you do your own research and only commit funds you can afford to lose. The author may own one or more of the crypto assets mentioned in this article.

Netcoins review 2022


Netcoins is a cryptocurrency exchange in Canada offering trading in Bitcoin, Ethereum, and others. This Netcoins review covers how it works, coins supported, fees, and more.


  • Offers multiple coins
  • Competitive fees
  • Sign-up bonus


  • Lacks advanced trading tools

Best Crypto Offer This Month

Overall best crypto exchange in Canada + $50 bonus

Crypto trading platform for beginners and advanced traders.

Access to several popular coins.

Low trading fees at 0.20% and multiple fiat currencies supported.

$50 instant bonus when you deposit $200.

Easily deposit and withdraw both fiat and crypto.

A publicly traded company on the Canadian NEO exchange.

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Gravatar for Enoch Omololu, MSc (Econ)
Enoch Omololu, MSc (Econ)

Enoch Omololu is a personal finance expert and a veterinarian. He has a master’s degree in Finance and Investment Management from the University of Aberdeen Business School (Scotland) and has completed several courses and certificates in finance, including the Canadian Securities Course. He also has an MSc. in Agricultural Economics from the University of Manitoba and a Doctor of Veterinary Medicine degree from the University of Ibadan. Enoch is passionate about helping others win with their finances and has been writing about money matters for over a decade. He has been featured or quoted in The Globe and Mail, Winnipeg Free Press, Wealthsimple, CBC News, Financial Post, Toronto Star, CTV News, Canadian Securities Exchange, Credit Canada, National Post, and many other personal finance publications. You can learn more about him on the About Page.

His top investment tools include Wealthsimple and Questrade. He earns cash back on purchases using KOHO, monitors his credit score for free using Borrowell, and earns interest on savings through EQ Bank.

3 thoughts on “Netcoins Review Jan 2023: $50 Bonus Offer”

  1. Gravatar for Mahmoud not secure at all .. I faced a fraud and sent to Netcoin to report for what happened to me .. instead of advise me or help the police by any information closed my account and told me we can’t do anything for u!!!!

  2. Gravatar for ddivadius

    It is Not sure if the .app site is same or an imposter? So far I have no complaints with process to add funds or buy Bitcoin.

  3. Gravatar for Sridhar

    Hi Enoch,
    Thanks for the detailed review.
    I observed that netcoins has just about 7 coins whereas other platforms in Canada have more. I have couple of questions on this
    1) Is netcoins being selective in introducing new coins or do they have any regulatory restrictions?
    2) Assuming netcoins is selective or trying to only introduce high quality crypto coins, how do they select the best ones and what criteria do they use ?
    If you can share some details on above points it would be great.

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