Netcoins is an online crypto exchange that supports the buying and selling of the most popular cryptocurrencies. With the wide range of exchanges available, let’s take a look and see if Netcoins is worthy of your consideration.
The Netcoins exchange currently supports six cryptos: Bitcoin (“BTC”), Bitcoin Cash (“BCH”), Ethereum (“ETH”), Litecoin (“LTC”), Ripple’s XRP (“XRP”), and Tether (“USDT”).
Founded in 2014 and headquartered in Canada, Netcoins currently supports users in Canada but will soon be available to European and U.S investors and traders. We had our Canadian partners test out this platform, and give us the verdict on whether it’s something you should seriously consider for your crypto trading needs.
The Netcoins Platform
Netcoins is a relative newcomer to the crypto exchange game. The key attributes that the platform focuses on are:
- A simple and streamlined onboarding process.
- The deposit and withdrawal of both crypto and fiat currencies.
- No funding fees and free fiat currency withdrawals.
- Allows users to purchase cryptos with credit / debit card.
- Attractive referral program offering C$50 for referrals that spend more than C$100. Referred users received C$10.
- 7-days a week customer support via live chat, phone, or email.
The Pros and Cons of Netcoins
We have been testing out this platform for a few months, and these are the pros and cons that our team has found.
Focus on security. The platform places a high value on its security. They even have a sister company (QLUE, a blockchain surveillance company) that they can leverage expertise from to make their product more secure.
Above average customer support. Their customer support team works 7-Days a week. They allow you to contact customer support via phone, chat, email, or by raising a support ticket. Unlike some of their competitors, they actually get back to you within a reasonable time frame.
Instant verification. The registration and verification process are both easy and fast. You’re set up within a matter of minutes. Other platforms also claim to do this, but we have found that they typically still put your account on hold for “additional verification”. Netcoins does a good job of offering true “instant verification”.
Relatively Low Fees. The fees are competitively low with no fiat deposit/withdrawal fees, and no crypto deposit fees.
Netcoins is currently only available in Canada. The platform will soon be available in Europe and the U.S. but as of right now is only available to Canadians.
Only six cryptocurrencies are supported on the Netcoins platform. These are probably the six most popular ones, but it would be nice to have access to more.
Relative newcomer to the game. They don’t have a long track record like some of the other exchanges.
Verdict on Netcoins
Even though the platform is a relative newcomer, we found it easy to use. In addition, the fees are fairly reasonable for the services that they provide.
We would recommend anyone looking to get into the crypto game to check out Netcoins.
We are not financial advisors, and no content on this site should not be taken as financial advice. No guarantee can be made if you invest based on the information provided on this blog. We make no warranty of any kind regarding the blog and/or any content, data, materials, information, products or services provided on the blog.