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.
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 40+ crypto coins
- $50 welcome bonus
- 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
- Free fiat deposits
- iOS and Android mobile apps to trade on the go
Bitbuy Crypto Exchange
Get a $50 bonus if your initial deposit exceeds $250
Trade approx. 40 coins
Great for new & advanced traders
0% to 2% trading fee
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
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 three 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, Bitbuy tops Netcoins when it comes to the number of crypto assets as it offers a wider selection of about 40+ crypto coins vs Netcoins’ 30+.
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.
Bitbuy fees
Bitbuy Express fees range from 0% to 2%. Fiat withdrawals are free.
Netcoins fees
Netcoins charges a flat fee of 0.5% on all trades, with no deposit/withdrawal fees for fiat.
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 staking, corporate crypto solutions and an OTC desk that allows traders to fill large trades.
Netcoins vs Bitbuy: Pros & Cons
Pros
Netcoins does well with free fiat deposits/withdrawals, 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, staking, 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 and has a high trading fee for small trades.
Netcoins vs Bitbuy: Sign-up bonus
For a higher crypto promotion, Bitbuy offers a $50 bonus if you deposit an initial $250 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 | 40+ coins; only CAD as fiat |
| Funding options | Interac, bank wire, crypto | Interac, bank wire, crypto |
| Trading fees | 0.5% flat fee | 0% to 2% tiered fee |
| Deposit/withdrawal fees | $0 | Free fiat deposit; 1.5% for withdrawals |
| Trading platforms | Basic web interface and mobile apps | Basic and advanced web interfaces and mobile apps |
| Security | Cold storage | Cold storage |
| Sign up bonus | – | $50 if you deposit an initial $250 or higher |
| Learn more | – | Visit |
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.
