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Netcoins review: score, licensing and risks

70/100SCORE · BTrusted Grade B, very good

Netcoins is registered as a securities dealer in Canada, a stricter standard than most crypto venues meet, and publishes proof of reserves. It has a clean record, a small asset list and serves Canada only.

The facts

FOUNDED
2014
HEADQUARTERS
Vancouver, Canada
CUSTODY
Custodial.
MiCA / EEA
Not applicable. Canada focused.
US ACCESS
No.
PROOF OF RESERVES
Publishes proof of reserves and is a registered dealer.
FEES
Around 0.5 percent.
ASSETS
70 plus

How the score breaks down

regulation20/25
security18/25
costs10/15
assets7/15
platform7/10
support8/10

Each dimension is explained on the methodology page.

Where it is strong and where it is not

✓ Strengths
  • Registered securities dealer in Canada, which is a high bar
  • Publishes proof of reserves
  • Clean record
  • Publicly listed parent
✗ Weaknesses
  • Canada only
  • Small asset list
  • Fees higher than global venues

Incident history

No major security breach or regulatory action on record.

Our read

One of very few crypto venues registered as a securities dealer, which is meaningfully stricter than a money services registration. Small and clean.
COMPARE
RISK WARNING Crypto assets are highly volatile and largely unregulated. You can lose everything you put in. Nothing on this page is financial, investment or tax advice, and nothing here is a recommendation to buy or sell any asset. Do your own research and never commit money you cannot afford to lose.