Netcoins Review 2022 - Comparewise
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Netcoins Review 2022

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If you are curious about Netcoins but don’t know where to start, this Netcoins review will get into the nooks and cranny. When it comes to cryptocurrency exchanges, Netcoins gets all the attention. Check out our Netcoins review to learn all the details about this platform.

Netcoins does it all at a high standard, whether that’s an instant verification process or a wealth of educational content. In addition, the user-friendly interface makes it a terrific option for beginners and more experienced traders. It also lets you dodge fiat withdrawal and deposit fees. And did we forget to mention the customer service? Top-of-the-line customer support for any of your inquiries.

Investing in cryptocurrency is something to consider, especially if you want to diversify your portfolio. However, buying and selling cryptocurrency can be confusing and risky.

Netcoins is a cryptocurrency exchange that makes trading cryptocurrency easier. If you are ready to step into cryptocurrency investing, this Netcoins review covers the basics of this exchange. We will highlight the pros and cons, products and more, so you can decide if it is a good fit. Let’s get into our Netcoins review.

What Makes Netcoins a Good Option?

Generally speaking, Netcoins is a good option for anyone interested in dabbling in cryptocurrency. And you’ll find that this Netcoins review highlights the reasons why.

It has a user-friendly interface that caters both to beginners and experienced traders. The interface is easy to use, so you won’t get confused using the exchange. With clear instructions on getting started and simple navigation, you can buy and sell cryptocurrencies in no time.

Creating a Netcoins account is incredibly simple because of its instant verification. Thanks to its mobile app with a simple design that concentrates on the basics, it is a good option for individuals who primarily use devices to trade. You can opt for the web-based platform, which has similar functionality to the app. Both offer similar functionality and the same cryptocurrency options.

Its robust security measures, zero fiat withdrawal, and depositing fees make it an excellent option. Traders who are new to cryptocurrency will also appreciate the crypto academy. It funnels tons of educational content to help you start your cryptocurrency trading journey and power up your knowledge.

Stick around as we get to know this crypto exchange a little better. The next section of the Netcoins review will discuss the pros and cons.

Pros and Cons of Netcoins

Like all cryptocurrency exchanges, it has its pros and cons. With any Netcoins review, it is crucial to consider the pros and cons before signing up.

Overview of the pros and cons of Netcoins:

Netcoins ProsNetcoins Cons
+ Free fia t withdrawal and deposit fees
+ More funding options
+ Instant account verification
+ Full transparency
+ Educational resources available
+ Simple interface
+ Strong security measures
+ Referral program
+ Large selection of cryptocurrencies
– High trading fees
– Limited order types
– No insurance coverage

The Pros of Netcoins

One thing many people look for in a review, like this Netcoins review, is the pros of the product or service. So, here are a few Netcoins pros to mention:

Free Fiat Withdrawal and Deposit Fees

If you want to minimize all those fees that exchanges often bombard you with, then Netcoins is a good choice. While practically any cryptocurrency exchange now offers free withdrawal and deposit for crypto, the key differentiation for Netcoins is the free fiat option.

As we know, it is easy to rack up a massive bill if you are constantly depositing and withdrawing fiat currency. That’s because crypto exchanges charge a fee. This can quickly add to your already high trading fees. But on Netcoins? Zilch. It’s a great option if you are looking to get into the market.

Netcoins Crypto Laptop App - Comparewise

More Funding Options

With zero fiat withdrawal and deposit fees, Netcoins adds to its beginner-friendly cred by incorporating more account funding options. If you’ve ever tried to fund your account, you know how useful it is to have choices like bank wire and Interac e-Transfer. That is why Netcoins funding options stand out. Netcoins accepts bank wire, cryptocurrency transfers and Interac e-Transfers for account funding.

Instant Account Verification

The real standout is instant account verification. You can get your account up and running quickly, allowing you to get into the trading game faster.

Full Transparency

If you use Netcoins, you will not be hard-pressed to find the fee structure. In fact, Netcoins has gone out of its way to disclose the costs associated with trading on a dedicated fee page. Integrating the live ticker on top of the screen that displays spreads on their respective cryptocurrencies reinforces Netcoins’ transparency.

Great Customer Service

Netcoins steps up in this category. As most Netcoins reviews will attest, this cryptocurrency exchange covers all the bases regarding customer support.

Unlike other cryptocurrency exchanges solely focused on trading, Netcoins takes customer service seriously. Netcoins stands out from the pool of cryptocurrency exchanges where the level of customer service is usually subpar by providing live chat support. This is why Netcoins has a whopping 4.5-star rating on TrustPilot for its customer support.

But you will also get email and phone support. The phone support comes in handy when you need to describe a complicated issue that you may not be able to explain via email or live chat thoroughly. Of course, you can still use email or live chat support if you have a question that can be quickly answered.

On the website, you will also find the standard FAQ page that can answer most questions you might have about Netcoins. In the era where most cryptocurrency exchanges still provide customer support via email only, Netcoins is a step ahead in providing a helpful and quick response.

Educational Resources Available

This is a relative rarity among cryptocurrency exchanges. Netcoins has one of the most impressive collections of educational content on its blog and crypto academy. The blog and the crypto academy contain pieces ranging from cryptocurrency introductory articles to more complex pieces on trading, Blockchain, and more. In the end, you will learn the fundamentals of cryptocurrency.

Simple Interface

One of the most significant selling points of Netcoins is how simplified and intuitive the interface is. The app and website are designed to be uncluttered, taking the guesswork out of trading. The no-frills interface makes it easy to get started and find any tool you need.

Strong Security Measures

Cryptocurrency exchanges are susceptible to hacking. Numerous hacks and scams have been reported compromising users’ funds. Therefore, a Netcoins review would not be complete without a thorough examination of the platform’s security.

Netcoins has arguably some of the highest levels of security on the market because it is a publicly-traded company subsidiary.

Referral Program

The Netcoins referral program is a good incentive. It offers some of the highest referral rewards when you refer a friend. The only caveat is that your referral also needs to buy or sell CAD$100. Netcoins will then pay you CAD$50. That is real cash that goes into your pocket if you decide to give the referral program a shot. Another bonus is that your referral also receives CAD$50.

Large Selection of Cryptocurrencies Available

Netcoins is highly accommodating when it comes to the selection of cryptocurrencies you can buy or sell. You can trade in a wide variety of cryptocurrencies on the web and mobile. It supports 32 cryptocurrencies. These include some popular cryptocurrencies such as Bitcoin (BTC), Decentraland (MANA), Bitcoin Cash (BCH) and more.

Netcoins Mobile App Crypto - Comparewise

The Cons of Netcoins

Next, our Netcoins review will examine the cons of using this crypto exchange. Let’s break them down for you:

High Trading Fees

Netcoins offers zero fiat withdrawal or deposit fees, and that’s the extent of zero fees. Netcoins has to make money to be a sustainable cryptocurrency exchange. It will hit you with a 0.5% trading fee which sits at the high end of the industry. In contrast, other cryptocurrency exchange fees are lower, ranging from 0.1% to 0.2%.

In addition, if you fund your account with a credit card, you will have to pay an additional fee because they process it through a third party. There are also additional withdrawal fees for some cryptocurrencies. So, the trading fees could be less appealing when compared to other cryptocurrencies.

Limited Order Types

Netcoins has a limited set of order types. You can use instant or limited orders to trade the available cryptocurrencies on the exchange. Unfortunately, you won’t be able to use stop or conditional orders. In addition, you can’t place multiple orders in a row. More advanced traders may feel constrained by these limited options.

No Insurance Coverage

While Netcoins has several security measures to secure your account, it does not provide insurance. If a hacker steals your funds or cryptocurrency assets, Netcoins will not compensate you. Insurance coverage would give you peace of mind, given that your crypto assets are at stake.

Netcoins Products and Services

Netcoins is the go-to cryptocurrency exchange for everyone interested in getting started with cryptocurrency investment. Thanks to their features, they make it simple for you to dip your toe into the cryptocurrency waters. But it is important to note that it does not have a broad selection of products or features for advanced traders.

That said, this section of our Netcoins review will dive into the product and services so you can better understand what makes it so great. 

Mobile App

One of the core products that must be mentioned in this Netcoins review is the Netcoins mobile app. While traders may use Netcoins’ web-based interface to buy and sell cryptocurrency, Netcoins has a fantastic mobile app with Android and IOS compatibility. The app is simplified, making it easy to use, especially once you know how each icon works. On the trading side, you can do so much more.

You can easily find the cryptocurrencies you are looking for using the convenient search bar. It works smoothly so that you won’t experience any lags. You’ll get all your crypto updates, including ups and downs, market caps and profit yield, at your fingertips.

A trade button is conveniently placed on most pages if you are ready to buy and sell the cryptocurrency quickly. You can place limit orders or instant orders all on the app. Plus, you can also perform technical analysis with the charting tools. While it does not have all the functionality available on the website, it is a great option when you are on the go.

Aside from placing orders, the app allows you to instantly access your profile and manage your account details. You can check your investment portfolio and view your past sell orders and trades.

Overall, this all-in-one app can meet your needs superbly and is simple to use even if you are a beginner. Not to mention, you’ll also be able to conveniently deposit and withdraw funds easily on the app and execute various other activities.

Netcoins Bitcoin Trading - Comparewise

Line Charts

If you want to start trading crypto on Netcoins, the line chart feature can be incredibly useful when used correctly. Netcoins line charts provide traders with an integral tool to aid with decision-making.

The line chart will provide critical trade data to help you better understand the price performance. To put it another way, the way the data is plotted will help you spot trends in the market. Plus, it will help you gain an overall picture of the momentum of a cryptocurrency. That way, you can decide the best time to buy or sell cryptocurrency for a more significant profit margin.

You can get historical line charts for the last 24 hours, three days and even a month. This can be a valuable indicator of whether the prices are stable. Line charts can initially seem confusing, but they are easy to grasp once you get the basics. If you’re any case you are still finding it hard to understand, Netcoins has plenty of instructions on how to get started.

Dashboard

We deemed it important to dedicate a section of this Netcoins review to exploring the platform’s dashboard. Managing everything in your trading can be a pain if your dashboard is poorly designed. Most dashboards are messy and overly complicated. That is not the case with the Netcoins dashboard.

The dashboard is reasonably easy to navigate and practical. It has a clean design with your account balances easily laid out. It is a welcome difference from other dashboard layouts and the easiest to use among other crypto exchanges. You can monitor your market prices and currency rates. It also includes all the tools you need to manage your trades and sell orders in one place.

Netcoins Wallets

The cherry on top for those reading this Netcoins review is the ability to store your cryptocurrency assets and fiat currencies in Netcoins wallets. This puts Netcoins squarely among the best crypto exchanges and appeals to both beginners and advanced traders.

You can effortlessly connect to your bank account, and it has a welcoming interface with a simple layout. The identifiable icons make it easy to use. It is one of the only places Netcoins has been able to compete with other exchanges like Bitbuy, Coinsmart and even Kraken.

Available Cryptocurrencies

Netcoins supports most of the leading cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC) and Decentraland (MANA). It also lets you keep both CAD (Canadian Dollars) and USD in one account, giving more options for fiat-to-crypto transfers.

Limit Orders

Netcoins hits the sweet spot when it comes to limit orders. The limit order allows you to add a trigger to your sell order, giving you better control over your order execution.

It ensures that once your sell order reaches the stop price you set, they will execute your order. This tremendously helpful feature can help you reduce the risk of trading while increasing your profits.

Price Alerts

Netcoins price alerts are one of the most reliable ways to keep track of when a crypto price falls or rises or changes in percentages. Depending on your preferences, you can choose to get price alerts via the app, email or text message.

Instant Orders

Whether beginner or seasoned trader, you will find the Netcoins instant order feature exceptionally useful. Netcoins instant order allows you to place a sell order immediately, putting you into the trading game faster.

Netcoins Pay

This is a well-regarded feature that allows you to make payments conveniently. Netcoins Pay also provides 3% Bitcoin rewards when purchasing your Netcoins Pay card online or in-store. The only catch is that you need a Netcoins account to qualify for Netcoins Pay.

Netcoins Fund With E-Transfer - Comparewise

Netcoins Product and Service Quality

As mentioned, security is paramount when it comes to cryptocurrency exchanges. As such, we aim to offer as much information on the platform’s security in this Netcoins review.

Netcoins is a security-first cryptocurrency exchange, garnering an excellent reputation for its products and service quality. Add on to the fact that it boats some of the highest reviews for a crypto app. The app has received a 4.8-star rating from over 166 reviews on Apple Store.

With two-factor authentication, you can protect your account from unauthorized access. In addition, Netcoins also incorporates BitRank Verified. This scoring blockchain software assigns a risk score to transactions or cryptocurrency wallets on the platform. Netcoins compliance is also up to standard. The company is FINTRAC compliant and a member of Money Service Business (MSB).

On top of that, it is completely registered with the Canadian Securities Administrators (CSA). In addition, they are also registered under British Colombia Security Commission (BCSC). It also leverages Qualitative Law Enforcement Unified Edge (QLUE) onto the platform. It essentially acts as an online cryptocurrency forensics system to track and detect fraudulent cryptocurrency activities. Regarding reliability, Netcoins has not reported any data breaches or hacks since its launch.

How to Get Started with Netcoins

The process of signing up on Netcoins isn’t overly complicated. Netcoins makes every effort to complete signing up as efficiently as possible. When you pick Netcoins as your crypto exchange of choice and is as straightforward as it can be.

So how do you get started with Netcoins? What do you need to know to create a Netcoins account? What documents and information are required to set up your account on Netcoins?

In this portion of our Netcoins review, we will provide you with a thorough yet simple guide on how to get started with Netcoins. We will detail all the significant steps you must take so that the process runs as smoothly as possible.

To be eligible for a Netcoins account, you’ll need to be:

  1. Canadian citizen
  2. 18 or older

They will ask you to provide the documents and information below:

  1. First and last name
  2. Home address, phone number and email
  3. Date of Birth
  4. Valid government-issued ID
  5. Photo of yourself
  6. Proof of residence

Netcoins has made the sign-up process simple for new traders. There are some tight KYC procedures that you must go through, but apart from that, it is a seamless process. If you are wondering how to get started with Netcoins, we’ve outlined the key steps below:

  1. Netcoins account registration
  2. Account verification
  3. Fund your account
  4. Start trading

Here is a comprehensive description of each step:

1.  Netcoins Account Registration

Before you can think about taking advantage of the information provided in this Netcoins review, you’ll need to register for an account. To begin, you must first visit the Netcoins website. In the top-right corner of the homepage, click the “Get Started” or “Sign Up” button.

Enter your first and last name and email address. You will also need to create a password. Make sure to enter your name exactly as it appears on your government-issued ID. Providing the wrong name may cause a delay in the verification process later. In addition, double-check your email address.

Check the I am not a robot reCAPTCHA security box and User Agreement and Privacy Policy check box and click the “Create Account” button.

They will send a confirmation email. Check your inbox and open the email and click the link. Once you click on it, it will take you to another window where you can activate your Netcoins account.

In addition, Netcoins also requires a phone number confirmation for the two-factor authentication protocol. After entering your phone number, Netcoins will send an SMS to your phone number with a code. Enter this code in the verification field and click verify phone number button.

2.  Account Verification

After setting up your account, you must answer a few questions and submit documents to complete the KYC and verification process.

Here is the step-by-step verification process4:

  1. Click “Start Verification” to start the process.
  2. Upload a government-issued ID and click “Next”.
  3. Take a selfie and click “Next”. Make sure to enable your device webcam to take a picture of yourself.
  4. Preview your photo. Ensure that it shows your face clearly.
  5. Upload proof of residence.

The verification process takes less than 5 minutes. It is important to note that Netcoins does not accept screenshots, medical bills and insurance statements, among other things.

Netcoins Review Dashboard - Comparewise

3.  Fund your Account

Funding your account is a quick process that will enable you to place sell orders for cryptocurrencies on Netcoins. You can fund your account with as little as $10 using a bank wire transfer, cryptocurrency transfer or Interac e-Transfers.

4.  Start Trading

That’s it. You can log into your account, where you can buy or sell cryptocurrencies for as much as $10 million.

Alternatives to Netcoins

No Netcoins review could be complete without diving into alternative cryptocurrency exchanges. So, let’s look at how Netcoins stacks up against other cryptocurrency exchanges.

Side-by-side comparison of Netcoins alternatives:

 PlatformNetcoinsBitbuyCoinberry
Trading fees0.50%Express: 0.2% Pro: Maker 0.1%, Taker 0.2%0.50%
Deposit fees0%Interac e-Transfer: 1.5% ($50 min. deposit) Wire transfer: 0.5% Cryptocurrency: None0%
Withdrawal fees0%Interac e-Transfer: 1.5% Wire transfer: 1% Cryptocurrency: Fees vary0%
Customer supportLive chat Phone Email FAQ pageLive chat On platform Email Support pageEmail Help center
Number of cryptocurrencies322629
Deposit methodsCryptocurrency transfer Interac e-Transfer Bank Wire TransferCryptocurrency transfer Interac e-Transfer Wire Bank TransferInterac e-Transfer Wire Bank Transfer
Fiat currencies supportedCAD, USDCADCAD

Bitbuy

  • Serving 350,000+ Canadians
  • Over $4 billion traded
  • Refer a friend and get $40
Review Tag Comparewise - Comparewise

Get a $50 Bitbuy Welcome Bonus now when you sign up - Claim this offer

Bitbuy

The first Netcoins alternative we’ll mention in this Netcoins review is Bitbuy. Bitbuy is a good alternative worth considering for traders who need more advanced tools, thanks to its Pro trading option and OTC. The bottom line is that while Netcoins does not offer nearly as many cryptocurrencies as Bitbuy, it is a cheaper option. Here is a look at the main differences and similarities between Bitbuy and Netcoins:

Number of Cryptocurrencies

If you’re interested in trading in more cryptocurrencies, then Netcoins is an obvious choice. While Bitbuy does offer 26 cryptocurrencies at the time of writing this, Netcoins offers over 32 cryptocurrencies to buy and sell, so there is something for all traders.

Bitbuy Pro Trade Interface - Comparewise

Interface and Usability

New traders will find Bitbuy as easy to use as Netcoins, and the interfaces are designed similarly. By focusing on the trader’s experience, Bitbuy has made its platform easy to use. You won’t get bombarded with text on the homepage, making navigating seamless.

Features

In addition to the intuitive, easy interface, Bitbuy has various other features. Bitbuy offers a Pro Trade option with an over-the-counter (OTC) for high-volume traders. This is one of the few features that sets Bitbuy apart from Netcoins.

They both offer mobile apps. However, Netcoins offers core functionality for traders who don’t want all the bells and whistles. Considering this, the Netcoins mobile interface is what attracts most of its users. In contrast, the Bitbuy app is comprehensive, with much similar functionality as the web version. You can read our in-depth Bitbuy review to learn more about their mobile app and features.

Customers Support

Like Netcoins, Bitbuy also has excellent customer service. It has a detailed FAQ page, a live chat bot option, and email support. However, you will need to submit your email message through an online form, and they will get back to you within 1 to 2 business days. But unlike Netcoins, Bitbuy does not offer phone support, which is unfortunate if you want to communicate an urgent or complicated problem.

Fees

It is important to note that Bitbuy has relatively high fees. You will need to pay 0.2% for Express trading and 0.10% for the Maker fee, and 0.20% for the Taker fee for Pro Trading. In addition, you will need to pay 1.50% for Interac e-Transfer. But you can take advantage of the Bitbuy referral program, where you can get $40 after a successful referral.

On the other hand, Netcoins only charges 0.5% trading fees, which is why we think that Netcoins has a better fee offering.

Security

Both cryptocurrency exchanges have similar security measures in place. They both support two-factor authentication and are FINTRAC compliant. In addition, they are both registered as money service businesses (MSB). Although Bitbuy performance continuous financial and security checks and transaction reporting through a third-party provider. Although both crypto exchanges have security measures in common, Bitbuy has an advantage over Netcoins because of the monthly audits and Bitbuy’s privately maintained codebase.

Coinberry

  • Over 35 cryptocurrencies available
  • Cheapest crypto exchange, 0% deposit & withdrawal fees
  • Fund using e-transfer
Review Tag Comparewise - Comparewise

Buy and sell in just minutes on Canada’s #1 platform - Claim this offer

Coinberry

Coinberry is what you might consider a genuine Netcoins alternative. That is why we’ve listed it in this section of our Netcoins review. We will look at some of the key differences and similarities between the two cryptocurrency exchanges to help you decide which one is right for you:

Number of Cryptocurrencies

The platform lets trade over 29 cryptocurrencies, which differentiates it from Netcoins. Comparatively, Netcoins offers more cryptocurrency trading options. But Coinberry does support more cryptocurrencies than Bitbuy.

Interface and Usability

The Coinberry web and mobile app interface are fast, simple, and streamlined. For new traders, Coinberry has functionality that is adequate to trade. But like Netcoins, more advanced traders will find trading on Coinberry to lack the necessary tools.

Coinberry Mobile App - Comparewise

Features

Coinberry is far more than a crypto exchange. Its platform allows you to learn and gain better insight into the world of cryptocurrency through its learning center. Although both provide educational resources, the Coinberry learning portal is more robust. It offers more crypto pieces, including a crypto glossary and explainers intended to help you familiarize yourself with cryptocurrency. All in all, Coinberry has a sound educational offering and beats Netcoins in this category.

In addition, Coinberry also offers a variety of other features such as Coinberry Pay and Coinberry Autopilot to streamline your trading experience. For example, Coinberry Autopilot automatically allows you to execute trades weekly, monthly and daily. For these reasons, you will be better served using Coinberry.

Customer Support

Comparatively speaking, customer support between Coinberry and Netcoins are vastly different. Since Coinberry does not offer phone support, you cannot call for assistance. However, you can fill in their contact form on the website, and they will reach out to you.

Additionally, Coinberry has a help center that provides extensive information on getting started and more. Perhaps because of the limited customer support options, it has earned a poor reputation. Conversely, Netcoins has live chat support and a phone line. You can also reach out through email. This clearly shows that Netcoins has a substantial advantage over Coinberry customer service.

Fees

It is another cryptocurrency exchange with zero deposits and withdrawals. Although it comes without any withdrawal and deposit fees, you still have to pay a 0.50% trading fee that can vary depending on the cryptocurrency.

Security

Coinberry has the most security measures you would expect from a cryptocurrency exchange. These include compliance with FINTRAC and OSC’s AML regulations. In addition, it also offers insurance coverage through a third party to cover over $200 million in insurance coverage.

In contrast, Netcoins does not offer any insurance coverage. It is also not in compliance with OSC’S AML regulations. But it does offer two-factor authentication. Although the Coinberry insurance coverage is vital, overall, Netcoins has an edge when it comes to account protection.

Netcoins Review Conclusion

Netcoins stands out from the pack by offering zero deposit and withdrawal fiat fees. It has pioneered the fiat-free transaction fee movement and continues to boast one of the best fee structures. But it does charge a flat rate of 0.50% for trading that may vary based on the currency. Even so, the fee structure makes it ideal if you are a beginner or advanced trader.

Its simplified interface on mobile and web makes it a natural fit for beginners. And with instant verification, anyone can kick start their crypto investment journey quickly. It also has plenty of educational content as a key differentiator. Though it does offer only a few features, it can still work well for traders who don’t need all the bells and whistles. But it more than makes for this with its excellent customer service.

That said, we hope this Netcoins review has helped you decide whether this cryptocurrency exchange is suitable for you. As you can see, it has plenty of advantages, which is perhaps why it is one of the most popular cryptocurrency exchanges. If you want to ditch Netcoins, you can check out other cryptocurrency exchanges on the market to find something that best suits your needs.

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FAQs about Netcoins

Who is Netcoins best for?

Netcoins is a solid crypto exchange for beginners and expert crypto traders, but it is aimed primarily at new traders. With instant verification and a simplified interface, it is designed with beginners in mind. No fiat deposit and withdrawal fees mean newbies can make fiat transactions with no upfront fees.

For individuals searching for more sophisticated trading tools, it provides chart tools. But it lacks access to more advanced features such as staking or farming, which could be a deal-breaker for experienced traders. Now, while Netcoins is suitable for beginners, it is not without any risks.

Can I use my account without setting up two-factor authentication?

Two-factor authentication adds another level of security to your account. When it is activated, you must enter your email address, password, and a one-time code sent to you to log into your account.

It is intended to decrease the possibility of someone obtaining access to your account. As a result, you cannot access your account until you enable two-factor authentication. It is a mandatory requirement for all traders.

How do I receive my referral reward?

Once you refer a friend, they need to create an account on Netcoins. At this point, both referral bonuses will remain pending until your referral successfully buy or sell cryptocurrencies worth $100.

When your referral completes the trade, you and your referral will receive the $50 bonus. They will automatically deposit it into your Netcoins account. You can use it to trade on Netcoins or transfer it to your bank account.

Who is Netcoins not for?

Netcoins does not offer advanced trading tools. Therefore, it is unsuitable for more experienced traders. That’s because professional traders need access to high-volume trading tools, which Netcoins is missing. Netcoins takes a simple design approach. Simplicity is excellent, but it cuts out some vital features.

Can I store my cryptocurrency assets on Netcoins?

It is based on your preference. You can store your cryptocurrency assets or fiat currencies, or both on Netcoins. Storing it in your Netcoins account gives you immediate access to it if you want to buy or sell cryptocurrency. You can, however, transfer it to an external wallet.

How long does it take for a withdrawal to be deposited into my bank account?

The length of time it takes varies based on your withdrawal method. For instance, if you use Interac e-Transfer, you will get your withdrawal within 3 hours. For Bank Wire Transfer, on the other hand, it will typically be anywhere between 1 and 3 business days.

Who can apply for Netcoins Pay?

You can apply for a Netcoins Pa if you are a Canadian resident. However, this excludes residents from Quebec. You also need a Netcoins account to be eligible for Netcoins Pay.

What proof of residence can I submit?

You can submit a utility bill such as a water, electricity or phone bill. Alternatively, you can also submit a property tax assessment issued by a municipality. Any document that shows your name, date and residential address should suffice.

How can I receive payments via Netcoins Pay?

Here are easy steps to follow to receive your crypto payments via Netcoins Pay:

  1. Navigate to the Netcoins Pay tab in your Netcoins dashboard.
  2. Click on your Netcoins Pay address and copy the link.
  3. Share your unique Netcoins Pay link to receive your payments.
What type of government issued ID can I submit?

Netcoins accepts passports or Canadian identity cards. They don’t accept any school IDs, medical IDs or residence permits.

Is it legal to use Netcoins in Canada?

Yes, it’s completely legal to use the Netcoins exchange in Canada. The service is registered with FINTRAC and is regulated in Canada. The company behind the service, BIGG Digital Assets, is a publicly-traded company. As such, its shares are listed on major stock exchanges, including the Canadian Securities Exchange.

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Netcoins Review 2022

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July 3, 2022
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