Netcoins review
Netcoins is a straightforward Canadian platform with one unusual and expensive quirk: it charges to use the rail every other Canadian exchange gives away.
Based in Vancouver and registered with the Canadian Securities Administrators as a restricted dealer, with an amended decision in September 2025, Netcoins is CAD-native and appears on the AMF register, so Quebec residents can use it. Trading costs a flat 0.5 percent, which is more than NDAX's 0.20 percent or Bitbuy Pro's 0.10 percent maker but is at least simple and carries no separate instant-buy premium.
The problem is funding. Interac e-Transfer deposits carry a 1.5 percent fee, where Bitbuy, NDAX, Newton, Shakepay, Kraken and Coinbase all accept Interac for free. On a 1,000 dollar purchase that is 15 dollars before you have bought anything, and it lands on top of the 0.5 percent trading fee. Wire transfers carry a flat charge instead, which becomes the cheaper route at larger amounts.
That single line changes the maths enough that Netcoins is hard to recommend over its Canadian peers for regular buying, which is why it sits where it does in our ranking rather than higher.
- Headquarters
- Vancouver, British Columbia, Canada
- Fees
- A flat 0.5 percent to trade, but Interac e-Transfer deposits carry a 1.5 percent fee where every Canadian competitor offers them free.
- KYC
- Required
- Payment methods
- Interac e-Transfer, Wire transfer
- Status
- Operating
How you can pay on Netcoins
Every deposit rail Netcoins supports in at least one market.
- Domestic bank rail
- Interac e-Transfer
- International wire
- Wire transfer
As published by Netcoins: Interac e-Transfer, Bank transfer or wire.
Pros and cons
What works
- A flat 0.5 percent trading fee with no more expensive instant-buy route to fall into
- CSA-registered as a restricted dealer and listed on the AMF register, so it serves Quebec
- Canadian-domiciled and CAD-native, with no conversion cost on the way in
What to watch
- Charges 1.5 percent on Interac e-Transfer deposits, where every Canadian competitor accepts them free
- The 0.5 percent trading fee is well above NDAX at 0.20 percent and Bitbuy Pro at 0.10 percent maker
- The deposit fee stacks on top of the trading fee, so the real cost of a purchase is higher than the headline
Fees in detail
- maker
- 0.5 percent flat
- taker
- 0.5 percent flat
- spread note
- There is no separate instant-buy tier, so the trading fee is consistent across the platform.
- deposit note
- Interac e-Transfer deposits carry a 1.5 percent fee, unlike every other Canadian platform on this page. Wires carry a flat charge and become cheaper at size.
- withdrawal note
- CAD withdrawals are supported; bitcoin withdrawals to self-custody are supported.
Where we recommend Netcoins
Countries where Netcoins ranks in our local guide. Availability beyond these is possible but unverified by us.
CanadaFrequently asked questions
Why does Netcoins charge for Interac deposits?
It is the platform's own pricing choice, and it is the main thing separating Netcoins from its Canadian peers. The 1.5 percent deposit fee applies before any trading fee, so a purchase costs meaningfully more than the 0.5 percent headline suggests.
What does it actually cost to buy bitcoin on Netcoins?
Roughly 2 percent if you fund by Interac: 1.5 percent on the deposit plus 0.5 percent on the trade. Funding by wire avoids the percentage deposit fee and becomes the better route at larger amounts.
Is Netcoins regulated in Canada?
Yes. It is registered with the Canadian Securities Administrators as a restricted dealer, with an amended decision in September 2025, and appears on the AMF register for Quebec.
Should I use Netcoins over NDAX or Bitbuy?
For regular buying, usually not. NDAX charges a flat 0.20 percent with free Interac deposits, and Bitbuy Pro starts lower still. Netcoins is a reasonable platform carrying an unusually costly funding rail.