Netcoins Referral Code and Review 2024 – Get $25 Bonus

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With more than 10 crypto trading platforms in Canada, crypto investors now have several options when it comes to trading and holding digital assets.

When you sign up with this Netcoins crypto referral code 32UP74 or link, you get a $25 promo bonus after you verify your account and trade a minimum of $100 in crypto.

In this Netcoins review, you’ll learn about its key features, available digital coins, offerings, fees and pros and cons.

Also, you’ll learn how to get $25 in Netcoins referral bonus when you sign up using our referral link or promo code or get $50 when you invite your friends to Netcoins.

Netcoins Review

Netcoins is one of the oldest cryptocurrency platforms in Canada. Founded back in 2014, it started by providing Virtual Bitcoin ATM to stores but it has now pivoted to being a full-fledged crypto trading platform for Canadians.

Through its parent company, BIGG Digital Assets, a company listed on the Canadian Securities Exchange (CSE), Netcoins is the first crypto platforms to be listed and publicly available to investors.

Some of the key features of Netcoins include:

  • Instant verification at sign-up
  • Easy to use, simple and sleek platform
  • Fund accounts in both CAD and USD
  • Ability to trade 30+ cryptocurrencies
  • Multiple funding options including credit cards
  • Market and limit orders

The coins that are currently supported on Netcoins include: Bitcoin, Ethereum, Bitcoin Cash, Litecoin, XRP, USD Coin, Stellar, Algo, AVAX, EOS and ETC.

Netcoins Fees

Here’s a summary of the fees at Netcoins:

  • Trade Fees: 0.5%
  • Deposits and Withdrawals (CAD): Free
  • Crypto Withdrawals: Flat fees but varies across the available coins – see below
  • Spreads: varies – see below

The crypto withdrawals fees for each of the supported cryptocurrencies are shown below:

CryptocurrencyWithdrawal Fee
Bitcoin0.00025 BTC
Ether0.001 ETH
Bitcoin Cash0.008 BCH
Litecoin0.04 LTC
Stellar9 XLM

Netcoins Spread

In addition to the 0.50% trading commission, there’s also a spread between the prices quoted on the platform and the going price for the digital coins.

For example, using data available from Google (provided by Coinbase), the spread to buy bitcoin in August 2021 varied between 0.63% and 0.97%. The spread isn’t constant, it’ll usually vary depending on market conditions.

That means you can expect to pay anywhere from 1% to 1.5% as total fees to buy bitcoin on Netcoins. The spread on quoted price is standard among the crypto trading apps in Canada.

In fact, some platforms don’t charge any commissions to trade and only make their money through spreads. Newton and Shakepay are goods example of this trading platforms using the model.

Netcoins Pros and Cons

Pros of Netcoins

  • No fees to fund and withdraw fiat currencies
  • One of the few platforms that allow both CAD and USD account funding
  • Easy sign-up process with instant verification
  • Decent selection of cryptocurrencies – 30+ coins
  • Regulated and publicly traded company
  • Referral program to earn by referring users to the platform

Cons of Newton

  • Trading fees of 0.50% is on the high side
  • No mobile apps
  • Not as many supported crypto compared to say NDAX and Newton

Netcoins Referral Bonus ($25)

The requirements for new Netcoins users to get a $25 sign-up promo bonus are:

  • Sign up using the Netcoins referral link
  • Enter this referral code 32UP74 if prompted. The code is auto-applied if you click the link.
  • Verify your account and identity
  • Deposit a minimum of $100
  • Receive your Sign-up bonus instantly

And you can earn more by referring your friends to the crypto platform. If your friends sign up using your Netcoins referral code, you’ll get a bonus – no cap on the number of people you can refer.

How the Netcoins Referral Works

Getting started is simple. Simply click on this Netcoins referral link to be directed to their website. Then sign up for a new account, verify your email, mobile number and identity.

The identity verification is done instantly and only takes a few minutes. You’ll have to upload one of your government-issued IDs and take your picture using your laptop’s webcam or phone’s camera.

Once your identity has been verified, simply fund your account using one of the available options with a minimum deposit of $100 to qualify for the bonus.

Also, you can earn extra cash through the Netcoins referral program by referring your friends and acquaintances. Simply login to your profile, click on the gear icon, and click on “Referral Program” to reveal your unique referral link.

The next step is to start sharing your personal link with friends through sms, email or social media to start earning.

Is Netcoins Legit and Safe?

Short answer, yes. Netcoins is a publicly traded Canadian company through its parent company. Also, it is registered with FINTRAC and regulated as a Money Service Business in Canada. So you can be sure you’re dealing with a legit company.

In addition, Netcoins encourages you to setup two-factor authentication to prevent unauthorized access to your account and protect your digital assets.

But remember that the best way to secure your cryptocurrencies is using a hardware wallet that is not connected to the internet. You can get a good one for less than C$100. Two of the best crypto wallets you can buy in Canada are:

Netcoins Pay

Looking to earn bitcoin as cash back on your everyday purchases? The Netcoins Card is for you.

It is a prepaid crypto card that lets you spend the CAD in your Netcoins account while earning bitcoin as cash back.

New Netcoins cardholder earn 1% cashback on every purchase. Learn more about the card and how it compares to other top crypto cards available in Canada in this full Netcoins Card review.

Netcoins vs Other Crypto Platforms

Netcoins vs Newton

Newton is a Toronto-based crypto trading platform that was launched in 2018 and makes it simple for Canadians to get started with investing in cryptocurrencies.

Like Netcoins, fiat currency and crypto assets deposits are completely free at Newton. CAD withdrawals are also free at both crypto exchanges.

For crypto withdrawals, Newton will cover the mining fees up to $5, but Netcoins charges a flat fee that varies depending on the crypto you’re withdrawing.

For the spread, Newton also offers one of the tightest spreads in Canada, usually ranging between 0.5-0.7%. This is slightly higher than the spreads at Netcoins but they don’t charge a trading fee.

Newton supports 71 different cryptocurrencies including bitcoin and Ethereum, compared to 30+ at Netcoins.

Overall, both crypto platforms are solid, but Newton has more features and it’s also cheaper than Netcoins.

Read More: Newton Review and Referral Code

Netcoins vs NDAX

NDAX is another Canadian cryptocurrency platform that supports 32+ digital currencies including bitcoin, ether and dogecoin.

It charges a 0.20% fee for both buying and selling bitcoin, ether and all the other supported coins – much lower than the 0.50% fee at Netcoins.

Depositing Canadian dollars or crypto into your NDAX account is completely free. However, you’ll pay a $4.99 fee for withdrawing funds from your account and flat fees for withdrawing your crypto: bitcoin withdrawals cost 0.000399 BTC for example.

NDAX has one of the lowest prices in Canada so you may not mind the flat fees if you’re making large withdrawals of CAD and crypto. But it can quickly add up for little amounts.

On the other hand, funding and withdrawing CAD from your Netcoins account is completely free. But Netcoins charge for crypto withdrawals (0.0005 BTC for bitcoin).

Read more: NDAX Referral Code & Review

Netcoins vs Shakepay

Like Newton, Shakepay is another “no-commission” crypto exchange available to Canadians. It also makes money through the spread on its quoted prices vs the reference crypto prices.

But Shakepay’s spread are wider than Netcoins since it does not charge a trading commission like Netcoins does. Shakepay only supports bitcoin and Ethereum, the 2 largest cryptocurrencies by market capitalization.

Other features of Shakepay include:

  • Peer to peer transfers to other Shakepay users
  • ShakingSats that rewards you with free satoshi daily. Simply open the app every 24 hours, shake your phone and get the free Bitcoins in your account.
  • A bitcoin cashback card called Shakepay Card is also in the works.

The bottom line is both Netcoins and Shakepay have great offerings and well-designed user interface, and you can ‘t go wrong with either platform.

The right one for you may come down to what you’re looking for in a crypto app: access to more digital currencies or other products offered by the platform.

With Shakepay, you get other products but are limited to just 2 currencies. Netcoins on the other hand give you access to more crypto assets to trade and hold.

Read more: Shakepay Referral Bonus and Review

Newton vs Wealthsimple Crypto

Wealthsimple Crypto currently supports trading of about 60+ digital currencies on its crypto platform. It is available on the web and on mobile apps.

Like Newton and Shakepay, its also commission-free but you pay through the spread. Wealthsimple Crypto calls it operations fee and it ranges between 1.5-2.0% per trade.

You’ll get the same great user experience you’ve come to associate with other Wealthsimple products.

Plus you can hold your Bitcoin for tax-free growth in your TFSA by buying a Bitcoin ETF or Ethereum ETF through Wealthsimple Trade without leaving the app.

Unfortunately, you can’t deposit or withdraw cryptocurrencies on Wealthsimple Crypto. It’s a closed system, meaning you’ll have to sell your crypto and withdraw the cash.

Overall, Netcoins has a more feature-rich offering with lower spreads than Wealthsimple, and supports more digital currencies on its platform.

Read more: Wealthsimple Crypto Referral Code & Review

Newton vs Bitbuy

Bitbuy was founded in 2016 and also supports 39 coins including Bitcoin, Bitcoin Cash, Ethereum, EOS, Litecoin, Steller and more.

The trading fees at Bitbuy is 0.1% Maker fees and 0.20% taker fees, much lower than the 0.50% at Netcoins.

Also, Bitbuy’s spreads are lower than Netcoins’ but then they charge for CAD funding and withdrawals. For deposits, the fees are 1.50% for e-transfers and 0.50% for bank wires. Withdrawals fees are 1.50% for both e-transfers or bank wires.

So overall, the total fees to trade on Bitbuy is much higher than Netcoins because Netcoins does not charge for both deposits and withdrawals.

So what’s the verdict? Overall, Netcoins has a better offering than Bitbuy.

Final Thought: Netcoins Review

This Netcoins review is largely positive. The crypto platform provides access to a good selection of digital coins. It’s biggest drawback is the trading commission of 0.50%. You can get lower fees at some of its competitors.

Canadian investors now have access to several crypto trading platform that make it simple and easy to get started with cryptocurrency investing as beginners and experienced investors.

But note that cryptocurrencies are very volatile and are just a tweet or news away from experiencing large swings. You should keep this in mind when deciding on how much you want to allocate to the investment.

If you’re ready to start investing through Netcoins, get $25 Netcoins referral bonus when you sign up using the referral link below – no need to enter a Netcoins referral code.

And if you want to start investing without worrying about the right platform or want to hold crypto in your TFSA or RRSP, a crypto ETF may be for you. The posts below cover the best options available to Canadian investors.

Netcoins Review & Referral Code 2021


Netcoins is one of the oldest cryptocurrency platforms in Canada and supports 9 digital coins. Get $25 when you sign-up

Simon is a CPA by day and a Personal Finance Blogger by night. With over a decade experience in financial services, he's passionate about personal finance, investing and helping people take control of their financial life.

1 thought on “Netcoins Referral Code and Review 2024 – Get $25 Bonus”

  1. well after business hours there seems to be no support and my crypto withdrawal was taken from my account yet not deposited!!! while the market is on fire btw!!!! where is your warning about this? or theirs???? i expect this page to be updated with the issues with customer service and withdrawal issues after hours. ty


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