Is Netcoins safe? Our 2026 review
Updated November 2026. Checked against the regulators' registers and each platform's own pages.
Who pays us: Netcoins doesn't pay us. We have no affiliate or referral deals in place yet, so the link below earns us nothing. How we make money
Netcoins homepage, cropped to logo and menu
What this proves: Netcoins' fee page lists no funding fees, no Interac e-Transfer withdrawal fee, and says its prices include its spread with no separate trading fee.
2 more screenshots of its own pages in the review below
Netcoins is a restricted dealer registered in every province and territory. It charges no separate trading fee, but its price includes a spread its fee page doesn't publish. Interac deposits and withdrawals carry no fee, while bank wire withdrawals under $25,000 cost $50.
- Registered as
- Restricted dealer
- Company
- Netcoins Inc.
- Trading fee
- Built into the spread
- Interac withdrawal
- No fee
- Crypto protected by CIPF
- No
Good
- Registered in every province and territory
- No fee on Interac deposits, Interac withdrawals or crypto deposits
- Crypto held by outside custodians, in trust for you
- 65 coins listed on its fee page
Watch out
- Its fee page doesn't publish the size of its spread
- Wire withdrawals under $25,000 cost $50
- Restricted dealer, the lower of the two registration types
Opens the official Netcoins site · Crypto is high risk and prices can fall to zero
Netcoins doesn't publish a full cost we can rank
0.5% fee plus a market spread of unpublished size, so its cost depends on the price you're quoted.
See every platform
- NDAX$2
- Bitbuy$5
- Wealthsimple$5
- Coinsquare$5
- Kraken$8
- Robinhood$9.50
- Webull$10
- Newtonup to $11.50
- ShakepaySpread, size not published
- CoinbaseSpread on simple buys; Advanced rate shown only after sign-in
- Crypto.comSpread on app buys; Advanced base rate not published
- Netcoins0.5% fee plus a market spread of unpublished size
From each platform's own Canadian fee pages. Full table: crypto fees compared.
Netcoins is a Vancouver crypto platform that sells coins through an app and a web app. Its pricing works differently from platforms that charge a set percentage on top of each trade, so the cost section matters more here than usual.
Is Netcoins registered in Canada?
Yes. Netcoins’ terms of service, last updated 10 February 2026, say “Netcoins Inc. is a registered Restricted Dealer in all provinces and territories in Canada.” They add that it is subject to the terms and conditions in a decision by the British Columbia Securities Commission.
The site footer says Netcoins “is registered with the British Columbia Securities Commission (BCSC) and the securities regulatory authorities in all Canadian provinces, Yukon, Nunavut, and Northwest Territories.” The footer also gives its FINTRAC number. FINTRAC registration is a separate anti-money-laundering requirement and isn’t the same as securities registration.
The regulators’ register lists Netcoins Inc. as a restricted dealer, with its latest decision dated 29 September 2025.
A restricted dealer is registered under a set of terms and conditions, often on the way to full registration. Netcoins’ relationship disclosure describes its registration as obtained “on an interim, time limited basis.” Investment dealer is the higher type of registration. You can compare Netcoins with the investment dealers on our registered list.
Who owns Netcoins
Netcoins’ home page says it “is owned by Surge Digital Inc. (formerly BIGG Digital Assets Inc.)”, which trades on the TSX Venture Exchange. Netcoins’ relationship disclosure calls Netcoins Inc. “an indirect wholly-owned subsidiary of Surge Digital Inc.” and says Surge Digital is a public company. The brand on the site and app is still Netcoins.
How Netcoins holds your crypto
Netcoins’ terms say it “does not itself maintain custody of” client crypto. It uses outside custodians, BitGo Trust Company, Inc. and Fireblocks Inc. Your coins may sit in omnibus wallets with other clients’ coins, tracked on Netcoins’ own ledger. The terms say crypto in your account “is held in trust for the benefit of the account owner (you).”
Its security page says “the majority of funds are held in cold storage” with BitGo, and Fireblocks runs the hot wallets. It doesn’t give a percentage.
Canadian and US dollar balances are held in a trust account at Concentra Trust, separate from Netcoins’ own money, according to its risk statement. The terms say Netcoins keeps any interest the bank pays on that cash.
The terms also give a plain warning. If Netcoins or a custodian became insolvent, the law on how your crypto is treated is “unsettled,” and you could be treated as an unsecured creditor.
Insurance
Netcoins mentions two private arrangements. Its terms say it has an insurance-backed guarantee from Coincover for crypto held in Fireblocks, covering theft up to a coverage level that isn’t stated. Its risk statement says BitGo carries a policy “covering $100 million in losses” for crypto in cold storage and hot wallets, which is BitGo’s policy across its clients, not a Netcoins-only amount.
CIPF and CDIC don’t apply. The risk statement says crypto held with Netcoins is “not protected by the Canadian Investor Protection Fund, the Canadian Deposit Insurance Corporation or any other investor protection insurance scheme.” The terms say cash balances aren’t covered by CDIC either.
What it costs to buy crypto
Netcoins’ fee page says: “The price you see includes our spread. We do not charge any separate trading fees.” The terms confirm a spread-based model with no separate commission. You get a quote and have about six seconds to accept it.
The fee page doesn’t publish the size of the spread. The relationship disclosure says transaction fees are “currently” 50 basis points, built into the spread. Its worked example has a $100 buy costing $1.00 when the spread is also 50 basis points. We couldn’t see a date on that document, so treat the figure as Netcoins’ stated rate rather than a quote you’ll get.
Deposits and withdrawals
Interac e-Transfers carry no fee in either direction. Bank wires cost nothing to deposit over $3,000, and $50 to withdraw under $25,000. The fee page doesn’t say what a wire deposit of $3,000 or less costs.
| Method | Deposit | Withdrawal | Limits |
|---|---|---|---|
| Interac e-Transfer | No fee | No fee | Shown inside the platform only, after sign-up |
| EFT / bank transfer | Not covered | Not covered | Not covered |
| Bank wire | No fee over $3,000. Not published for $3,000 or less | $50 processing fee under $25,000 | Shown inside the platform only, after sign-up |
Deposit and withdrawal limits are shown inside the platform only, after sign-up, according to the terms. The risk statement says cash withdrawals over $10,000 must be reviewed and approved by Netcoins. The terms say deposits can take 1 to 5 business days to confirm.
Moving crypto to your own wallet
Crypto deposits carry no fee. Sending crypto to an outside wallet costs a flat fee for each coin, the same “whether you’re sending out $100 or $100,000.” Its fee table lists Bitcoin at 0.00014 BTC, with a minimum withdrawal of 0.00028 BTC, Ethereum at 0.003 ETH and Solana at 0.06 SOL. Because the fee is a fixed amount of the coin, its value in dollars rises and falls with the price.
One of the coins on the fee page is trade-only, so it can’t be moved out.
Coins and tools
The fee page lists 65 coins. The home page says “over 60.” There’s no separate order book screen.
If you stake ETH, SOL or ATOM, the terms say Netcoins keeps a percentage of the net rewards after the staking partner’s fee. The percentage isn’t given on the pages we read.
The app
Netcoins has apps for iPhone and Android and a web app at netcoins.app. On Apple’s Canadian App Store, as of 10 November 2026, Netcoins: Buy Crypto Easily is rated 4.5 from 783 ratings. It takes up 135 MB and needs iOS 15.6 or later. A rating from a few hundred people tells you less than one from tens of thousands. Our crypto apps comparison puts it next to every other registered platform’s app.
How to sign up
The Netcoins pages we checked don’t set out its sign-up steps, so we haven’t listed any. As a registered platform, Netcoins has to verify your identity under Canada’s anti-money-laundering rules. Account features beyond the public pages, including your deposit and withdrawal limits, are only visible after sign-up.
Limits
Netcoins’ relationship disclosure says it may “impose certain restrictions on the acquisition of crypto assets based on the client’s information.” Its help article on these limits blocked our check, so we can’t give the amounts or which provinces they apply to.
Platforms like Netcoins
Shakepay also charges nothing for Interac deposits or withdrawals and doesn’t publish its spread, but it’s an investment dealer and CIRO member, and only offers three assets. Read the Shakepay review
Newton publishes its fee for each group of coins, 1.00% to 1.60% built into the price, and has a no-fee lane for crypto withdrawals. Read the Newton review
Wealthsimple is an investment dealer with more than 170 coins and a published 0.5% fee per trade. Read the Wealthsimple Crypto review
Verdict
Netcoins is a restricted dealer registered in every province and territory, with crypto held in trust by outside custodians. Interac deposits and withdrawals carry no fee. The trade-off is pricing you can’t check in advance, because its fee page doesn’t publish the size of the spread.
Frequently asked questions
Is Netcoins legit?
Yes. Netcoins Inc. is registered with Canada’s securities regulators as a restricted dealer in every province and territory. It’s owned by Surge Digital Inc., a public company.
Is Netcoins safe?
Your crypto is held by outside custodians, BitGo and Fireblocks, in trust for you, mostly in cold storage. That lowers some risks but doesn’t remove them, and crypto prices can still fall.
Is my crypto on Netcoins covered by CIPF?
No. Netcoins says crypto and cash held with it aren’t covered by CIPF or CDIC. It points to a Coincover guarantee and BitGo’s insurance instead, which are private arrangements with limits.
How much does Netcoins charge?
There’s no separate trading fee. The cost is built into the spread, which the fee page doesn’t publish. Interac deposits and withdrawals carry no fee, and wire withdrawals under $25,000 cost $50. Our comparison of registered exchanges shows how other platforms price their trades.
Sources
Checked 10 November 2026.
- Netcoins, home page and footer
- Netcoins, fees
- Netcoins, safety and security
- Netcoins, terms of service, last updated 10 February 2026
- Netcoins, relationship disclosure
- Netcoins, risk statement
- New Brunswick Financial and Consumer Services Commission, registered crypto asset trading platforms
Update history
- Reorganised into our standard review layout, with a deposits and withdrawals table. No facts changed.
- First published.
- First published.
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