Netcoins vs Bitbuy 2023

Netcoins and Bitbuy are top Canada-based crypto trading platforms that allow users to invest in several cryptocurrencies.

Netcoins is a crypto brokerage that offers a simple interface to beginners, while Bitbuy offers both basic and advanced trading interfaces to cater to newbies and pro traders.

This Netcoins vs Bitbuy comparison compares their top features to help you choose the one that fits your crypto needs.

Netcoins

Founded in 2014, Netcoins is a top crypto brokerage platform in Canada that offers a simple, easy-to-use interface you can use to trade several cryptocurrencies.

It’s a FINTRAC-registered MSB based in Vancouver and owned by BIGG Digital Assets.

Netcoins top features include:

• 30+ cryptocurrencies supported
• Instant, automatic account verification
• Free deposits/withdrawals
• Netcoins mobile app to stay on top of the markets on the go
• Netcoins Pay prepaid visa card that allows you to spend your crypto with ease
• Limit orders to automate your buy/sell prices
• Price alert via messages/email to keep you in the loop with large price moves, key trades, and exciting milestones.
• Lots of learning resources are available on the Netcoins academy and blog

Bitbuy

Founded in 2016, Bitbuy is one of the best crypto exchanges in Canada. It’s a Toronto-based FINTRAC-registered MSB authorized by the OSC to offer crypto services across Canada.

Top Bitbuy features include:

• Supports 25+ crypto coins
• Offers instant, automatic account verification
• Top security via cold storage and comprehensive insurance
• Offers basic and advanced trading interfaces
• OTC desk for large trades via Bitbuy Private Wealth
• iOS and Android mobile apps to trade on the go

Read the full Bitbuy review.

Netcoins vs Bitbuy: Top Features Compared

KYC verification

Both Netcoins and Bitbuy offer instant account verification for most users by running an automatic identity check with the credit bureaus.

If that fails, users are required to provide their identity documents and a selfie photo to get verified manually.

Funding methods

Both crypto trading platforms offer 3 wallet funding methods namely:

• Bank wire
• Interac e-transfers
• Crypto deposits

Crypto trading platforms

Both Netcoins and Bitbuy offer web-based interfaces and iOS/Android crypto trading apps.

Netcoins only offers a standard trading web interface and the Netcoins app with no advanced trading features and charting tools.

Bitbuy, on the other hand, offers multiple trading interfaces, including:

• Bitbuy Express for beginners
• Bitbuy Pro with advanced trading/charting tools for experienced traders
• API Client to allow Individual and institutional traders to automate their trading activities.
• Bitbuy mobile app allows traders to stay connected with the markets while on the move.

Supported Cryptocurrencies

As of this writing, Netcoins tops Bitbuy when it comes to the number of crypto assets as it offers a wider selection of about 30+ crypto coins vs Bitbuy’s 25+.

As already noted, Netcoins supports both CAD and USD as fiat, while Bitbuy supports only CAD.

Trading fees

Both Netcoins and Bitbuy offer transparent, flat fee schedules, and their standard trading fees are similar. However, Bitbuy Pro users enjoy lower fees.

Netcoins fees

Netcoins charges a flat fee of 0.5% on all trades, with no deposit/withdrawal fees for fiat.

Bitbuy fees

Bitbuy Express fees are up to 1.50%. Bitbuy also levies fiat withdrawal fees.

Crypto deposits are free on both platforms, but you’ll pay crypto withdrawal fees that vary by coin.

Crypto services offered

Both Netcoins and Bitbuy only offer Spot trading services by allowing users to buy, sell, and trade supported coins.

Bitbuy also offers corporate crypto solutions and an OTC desk that allows traders to fill large trades.

Crypto Visa cards

Netcoins offers a prepaid Netcoins Pay Visa card that allows users to spend their crypto with ease and earn 1% crypto rewards.

Bitbuy doesn’t offer a crypto Visa card.

Netcoins vs Bitbuy: Pros & Cons

Pros

Netcoins does well with free fiat deposits/withdrawals, a wider crypto list, support for CAD and USD as fiat, a crypto visa card, and a beginner-friendly interface.

Bitbuy’s upside includes multiple trading interfaces to cater to different traders, an OTC desk to fill large trades, and crypto services for businesses.

Cons

Netcoins is a crypto brokerage and doesn’t offer advanced trading features and charting tools.

Bitbuy’s downsides are that it only supports CAD as fiat, limited crypto selection, and has a high trading fee.

Netcoins vs Bitbuy: Sign-up bonus

Netcoins offer a $25 bonus when you trade $100 or more in your new account.

For a higher crypto promotion, CoinSmart offers a $50 bonus if you deposit $200 or more.

Netcoins vs Bitbuy: Best for

Netcoins only offers a regular trading interface, hence great for beginners.

Bitbuy offers both basic and advanced trading interfaces, and both newbies and seasoned traders will find the platform useful.

Are They Safe?

Netcoins and Bitbuy take standard precautions in protecting your coins, including using 2-factor authentication and cold storage.

Netcoins vs Bitbuy: Summary

Feature	Netcoins	Bitbuy
Coins/fiat supported	30+ coins; CAD and USD as fiat	20+ coins; only CAD as fiat
Funding options	Interac, bank wire, crypto	Interac, bank wire, crypto
Trading fees	0.5% flat fee	Up to 1.5% tiered fee
Deposit/withdrawal fees	$0	0.5%-1.5%
Minimum investment	$10	$50
Trading platforms	Basic web interface and mobile apps	Basic and advanced web interfaces and mobile apps
Security	Cold storage	Cold storage
Sign up bonus	$25 if you trade $100+	–
Learn more	Visit	Review

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.