5-10 years

Common Financial Service License|

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High potential risk



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Common Financial Service License

Exchange Info

Company Name
Phone of the company
+ 1-844-515-2646
Company website
Customer Service Email Address

WikiBit Risk Alerts

Previous Detection 2024-04-25

The number of this Exchange's nagitive field survey reviews has reached 1, please be aware of the risk and the potential scam!

Common Financial Service License goes beyond their business with the licenses Canada FINTRAC (license number: M15560893), please be aware of the risk!



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Aspect Information
Company Name NETCOINS
Registered Country/Area Canada
Founded Year 5-10 years
Regulatory Authority Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)
Cryptocurrencies offered/available Around 35 inclu. Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), Bitcoin Cash (BCH)
Trading Platforms NETCOINS Web, NETCOINS Mobile
Deposit & Withdrawal Bank transfers, wire transfers, Interac e-Transfer
Educational Resources Online guides, tutorials, and articles
Customer Support Email, phone, live chat

Overview of NETCOINS

Netcoins, functioning as a cryptocurrency exchange, operates within the purview of Canada's Financial Transactions and Reports Analysis Centre (FINTRAC) with a Common Financial Service License. Its platform offers access to a diversified selection of over 35 cryptocurrencies for trading, each subject to maker and taker fees, namely 0.50% and 0.75% respectively. The fee structure is tiered based on trading volume. Users can fund their accounts through fee-free Interac e-Transfers and crypto deposits. The platform provides educational resources and responsive customer support via phone, live chat, and email. While specific security details and user feedback aren't disclosed, potential users are advised to conduct thorough research prior to their engagement on the platform.


Pros and cons

Netcoins, a platform regulated by the Canadian Securities Exchange (CSE), offers numerous advantages. It provides a diverse selection of cryptocurrencies, boasts a user-friendly interface, and supports various funding methods including Interac e-Transfer, crypto deposits, and bank wire deposits. Additionally, Netcoins extends a welcoming gesture with a $20 bonus upon depositing and trading $100. However, the platform comes with some downsides, such as higher fees compared to certain exchanges, absence of margin trading or short selling options, and a minimum withdrawal requirement of $3,000 CAD or $2,000 USD for bank wire withdrawals. Netcoins also lacks the recognition of more established exchanges like Coinbase or Binance and does not offer certain popular cryptocurrencies like Dogecoin and Shiba Inu.

Pros Cons
Regulated by the Canadian Securities Exchange (CSE) Higher fees than some other exchanges
Wide variety of cryptocurrencies available No margin trading or short selling available
Easy to use interface Bank wire withdrawals have a minimum withdrawal amount of $3,000 CAD or $2,000 USD
Supports Interac e-Transfer, crypto deposits, and bank wire deposits Not as well-known as some other exchanges, such as Coinbase or Binance
Offers a welcome bonus of $20 when you deposit and trade $100 Some popular cryptocurrencies, such as Dogecoin and Shiba Inu, are not available

Regulatory Authority

NETCOINS is regulated by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). The regulation number associated with NETCOINS is M15560893. According to the provided information, NETCOINS has exceeded the regulatory requirements set by FINTRAC. The license type is a Common Financial Service License. The license name associated with NETCOINS is NETCOINS INC.

FINTRAC, the Financial Transactions and Reports Analysis Centre of Canada, functions as a governmental body tasked with the oversight and examination of financial transactions within Canada. Its role encompasses the vigilant tracking and evaluation of financial activities, aiming to counteract money laundering, terrorist funding, and analogous financial illicit activities. Drawing from diverse data streams, FINTRAC scrutinizes and evaluates information to uphold regulatory adherence and safeguard the soundness of the nation's financial framework.



Regarding the security of NETCOINS, the specific protection measures are not mentioned in the given information. It is advisable for users to research further and refer to the official website or company's security policies for detailed information on the security measures implemented by the exchange.

In terms of user feedback, the provided information does not explicitly mention any feedback or reviews from users. It is encouraged for potential users to explore independent sources and review platforms to gather user experiences and opinions regarding the security and reliability of NETCOINS.

It is important for users to exercise caution and implement their own security measures when engaging in virtual currency exchanges. This can include practices such as setting strong passwords, enabling two-factor authentication, and keeping personal information confidential. Additionally, users are advised to stay informed about the latest security practices and be vigilant against potential phishing attempts or fraudulent activities.

Cryptocurrencies available

Netcoins offers a selection of over 35 cryptocurrencies for trading and investment. Here are some examples from their portfolio:

  • Bitcoin (BTC)

  • Ethereum (ETH)

  • Cardano (ADA)

  • Solana (SOL)

  • Litecoin (LTC)

  • Bitcoin Cash (BCH)

  • Polkadot (DOT)

  • Cosmos (ATOM)

  • Uniswap (UNI)

  • Near (NEAR)

  • Quant (QNT)

  • Tezos (XTZ)

    Netcoins offers a range of cryptocurrency prices, including Bitcoin (BTC) at $39,504.52, Ethereum (ETH) at $2,477.66, Cardano (ADA) at $0.38900, Solana (SOL) at $33.4200, and Litecoin (LTC) at $110.080. The trading volume highlights variations across assets, with Bitcoin Cash (BCH) showing a 24-hour change of +2.33%, and Tezos (XTZ) encountering a -1.86% shift. Netcoins sets itself apart with its rapid coin listing speed, streamlining portfolio diversification for users.

  • alt=alt=alt=Crptos

    How to open an account?

    Opening an account with Netcoins is a straightforward process:

    • Click on “Sign Up” to start.

    • Provide your email and create a password.

    • Confirm your agreement with the Terms of Service.

    • Click “Create Account” to complete the process and set up your Netcoins account

    • alt=alt=alt=image.png


      Netcoins' trading structure includes a 0.5% fee, covering price spreads. Interac e-Transfers for cash withdrawals and crypto deposits carry no charges, and bank wire withdrawals above $25,000 CAD or $6,000 USD are exempt from fees. Crypto withdrawal fees are set to accommodate blockchain network expenses, featuring outlined minimums for different cryptocurrencies like 0.0005 BTC for Bitcoin and 0.01 ETH for Ethereum. Comprehensive details about staking and specific crypto withdrawal fees can be found on Netcoins' Zendesk page.

      Tier Volume (CAD) Maker Fee Taker Fee
      Starter Up to 500 0.50% 0.75%
      Silver 500 to 10,000 0.40% 0.65%
      Gold 10,000 to 50,000 0.30% 0.55%
      Platinum 50,000 to 100,000 0.20% 0.45%
      Diamond 100,000 and up 0.10% 0.35%

      Deposit & Withdrawal

      Users can fund their accounts using Interac e-Transfers and crypto deposits, all without incurring any fees. Additionally, bank wire deposits surpassing $3,000 CAD or $2,000 USD also come with no charges.

      Payment Method Buy Sell Add Cash Cash Out Speed
      Interac e-Transfer Yes Yes Yes No Fast
      Crypto Deposit Yes Yes Yes No Fast
      Bank Wire Transfer Yes Yes Yes Yes Moderate
      alt=alt=alt=deposit and withdraw

      Educational Resources

      The provided information mentions that NETCOINS offers educational resources such as online guides, tutorials, and articles. However, there is no specific mention of other tools such as trading guides, video tutorials, webinars, forums, or social media groups. It is recommended for users to visit the official website or platform of NETCOINS to explore the full range of educational resources and tools available. This will provide users with detailed information on the various resources and support provided by NETCOINS to help enhance their understanding of cryptocurrencies and trading strategies.

      Customer Support

      Netcoins provides responsive customer support through multiple channels. For immediate assistance, users can reach out via phone or live chat at +1 (844) 515-2646, available Monday to Friday from 7 am to 5 pm PST, and Saturday to Sunday from 9 am to 5 pm PST. Additionally, email support is available at support@netcoins.ca with extended hours from Monday to Friday, 6 am to 8 pm PT, and Saturday to Sunday, 9 am to 8 pm PT.


      alt=alt=alt=customer support

      Compare with Similar Brokers

    • Among cryptocurrency platforms like Netcoins, Newton, and Shakepay, Netcoins offers an array of over 35 cryptocurrencies, accompanied by maker and taker fees of 0.50% and 0.75% respectively. In comparison, Newton boasts 50+ cryptocurrencies with a 0.00% maker fee and a 0.20% taker fee, while Shakepay supports 6 cryptocurrencies with 0.65% maker and 0.75% taker fees. While Netcoins requires a minimum account deposit of $50, Newton has no such requirement, and Shakepay sets a $100 minimum. Netcoins sweetens the deal with a $20 welcome bonus for a $100 deposit, Newton entices with a $25 referral bonus, and Shakepay, for now, refrains from promotions.

    • Feature Netcoins Newton Shakepay
      Cryptocurrencies amount Over 35 50+ 6
      Fees Maker fee: 0.50%, Taker fee: 0.75% Maker fee: 0.00%, Taker fee: 0.20% Maker fee: 0.65%, Taker fee: 0.75%
      Account minimum $50 $0 $100
      Promotions Welcome bonus: Get $20 when you deposit and trade $100 Referral bonus: Get $25 when you refer a friend None

      Is NETCOINS a Good Exchange for You?

      Based on the given information, it is not explicitly mentioned which trading groups are suitable for NETCOINS. However, based on the range of cryptocurrencies offered, the user-friendly trading platforms, and the availability of educational resources, NETCOINS may be suitable for both experienced and novice investors who are interested in diversifying their portfolio with cryptocurrencies.

      For experienced traders, NETCOINS can provide a platform to engage in cryptocurrency trading and take advantage of the potential market volatility. The availability of educational resources also allows these traders to stay informed and make informed decisions based on market trends and analysis.

      For novice investors, NETCOINS can serve as an entry point into the world of cryptocurrencies. The variety of educational resources, such as online guides and tutorials, can help beginners understand the basics of cryptocurrencies and trading strategies. The user-friendly trading platforms make it easy for novices to navigate and execute trades, providing a supportive environment for learning and gaining experience.

      Ultimately, it is important for individuals to conduct their own research and consider their own investment goals and risk tolerance when choosing a virtual currency exchange. NETCOINS may appeal to a wide range of traders and investors, but it is crucial to carefully assess one's own needs and preferences before making investment decisions.

      Controversies the exchange has experienced

      There is no mention of any controversies or specific issues encountered by NETCOINS in the provided information. It is recommended to refer to independent sources, review platforms, and news articles to gather further information on any controversies or challenges that NETCOINS may have encountered.

      Users Reviews

      User 1:

      I've been using Netcoins for a few months now and I'm really happy with it. The security is top-notch, they're regulated by the Canadian Securities Exchange, and the interface is easy to use. I've never had any problems with liquidity, and they offer a good selection of cryptocurrencies. Customer support is also excellent, I've always gotten a quick and helpful response to my questions. The only downside is that the trading fees are a bit high, but overall I think Netcoins is a great exchange.

      User 2:

      I've been using Netcoins for a few years now and I'm still a fan. They're one of the oldest and most trusted crypto exchanges in Canada, and they've always been reliable. The security is great, they offer a wide variety of cryptocurrencies, and the fees are reasonable. The interface is a bit dated, but it's still functional. Customer support is good, but not the best I've ever experienced. Overall, I'd definitely recommend Netcoins to anyone looking for a safe and reliable way to buy and sell crypto in Canada.


      In conclusion, NETCOINS is a virtual currency exchange that offers a wide range of cryptocurrencies for trading. It provides educational resources such as online guides and tutorials, which can be beneficial for novice investors seeking to learn about cryptocurrencies and trading strategies. The user-friendly trading platforms make it easy for users to navigate and execute trades. However, the provided information lacks details on specific security measures, user feedback, trading fees, and customer support availability. Potential users are encouraged to conduct further research, including exploring independent sources and reviewing platforms, to gather more information and assess the advantages and disadvantages of using NETCOINS.


      Q: Can I trade any cryptocurrency on NETCOINS?

      A: Yes, NETCOINS offers a wide range of cryptocurrencies for trading.

      Q: How can I register an account on NETCOINS?

      A: To register an account on NETCOINS, visit their official website and follow the step-by-step instructions provided.

      Q: What are the fees for trading on NETCOINS?

      A: Detailed information regarding trading fees on NETCOINS is not provided. For precise fee information, refer to the official website and compare it with other virtual currency exchanges.

      Q: What deposit and withdrawal methods does NETCOINS support?

      A: NETCOINS supports bank transfers, wire transfers, and Interac e-Transfer as deposit and withdrawal options. However, the processing times for these methods are not mentioned.

      Q: Does NETCOINS offer educational resources?

      A: Yes, NETCOINS provides online guides and tutorials to help users enhance their understanding of cryptocurrencies and trading strategies.

      Q: How can I contact customer support on NETCOINS?

      A: NETCOINS offers customer support through email, phone, and live chat. However, specific details regarding customer support hours and supported languages are not mentioned.

      Q: Who is NETCOINS suitable for?

      A: Based on the available information, NETCOINS may be suitable for both experienced and novice investors interested in diversifying their portfolio with cryptocurrencies.

      Q: Are there any controversies surrounding NETCOINS?

      A: The provided information does not mention any specific controversies or issues encountered by NETCOINS. Further research is recommended to gather more information in that regard.

      Q: How can I assess user satisfaction with NETCOINS?

      A: To assess user satisfaction, it is advisable to explore independent sources, review platforms, and online forums where users may share their experiences with NETCOINS.

      Q: What are the advantages and disadvantages of using NETCOINS?

      A: NETCOINS offers a wide range of cryptocurrencies for trading and provides educational resources, making it user-friendly for both experienced and novice investors. However, details on security measures, user feedback, trading fees, and customer support availability are not provided. Further research is recommended to assess the advantages and disadvantages of using NETCOINS more comprehensively.

      Risk Warning

      Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.