Beaver Bitcoin Vs Netcoins: Which Is Better For Canadians In 2026?

How Do Beaver Bitcoin And Netcoins Compare, Fact By Fact?

Every row below comes from each company’s own pages and the Canadian registries, checked October 2026. Where a row has no fair winner, it says so.

What Are The Key Differences Between Beaver Bitcoin And Netcoins?

How Do You Fund And Cash Out Beaver Bitcoin And Netcoins In Canada?

Neither accepts: paypal.

Your bank's own Interac and wire limits also apply. Spending limits per account were not published beyond the tier caps. Not verified

What Does It Actually Cost To Buy On Beaver Bitcoin And Netcoins?

Beaver Bitcoin: Flat 1.5% on Bitcoin purchases, network fee paid by Beaver (beaverbitcoin.com, 2026-10-03). Sell fee Not published. Netcoins: Netcoins states no separate trading fee and an all-in price; the spread percentage is not published (2026-10-03). The old 0.5% flat fee is gone. Ranges reflect each platform’s published band, not a single quote. Bank and network fees are not included.

What Do Beaver Bitcoin And Netcoins Offer Beyond Buying And Selling?

Beaver Bitcoin Only

• Instant, Large and Recurring Buy: Instant Buy by e-Transfer up to CAD 20,000, Large Buy by bill payment or wire up to CAD 100,000, Recurring Buy by pre-authorized debit.
• Beaver Plaid: Personal service for purchases above CAD 100,000 by bill payment or wire.
• Sell Bitcoin: Sell BTC for CAD; terms are in the help centre.

Netcoins Only

• Staking: Staking on ETH, SOL and ATOM while the crypto stays held by Netcoins.
• Crypto lending: Borrow CAD against crypto with same-day funding; rates and LTV Not verified.
• OTC desk: Large trades with dedicated account managers and same-day settlement.
• Referral program: Invite a friend and both earn a cash reward after they sign up and trade; the amount is Not verified.

What Happens To Your Money If Beaver Bitcoin Or Netcoins Fails?

Beaver Bitcoin: Beaver is a FINTRAC-registered money services business, which covers anti-money-laundering reporting, not investor protection: it is not on the CSA list and CIPF does not apply. Because it holds no customer bitcoin, a hack or failure of Beaver would mostly hit money in transit or a pending order, not your stored coins. The residual risks are a failed or delayed purchase, an unpublished sell process, and the shorter operating history since 2022. Its FINTRAC number changed in 2026 after the old registration expired.

Netcoins: Netcoins is a CSA restricted dealer under the BCSC, so it must follow custody, disclosure and limit conditions, but CIPF never covers crypto. Customer crypto sits mostly in BitGo cold storage and Fireblocks hot wallets, and Netcoins says it carries insurance without giving the amount or insurer. No proof of reserves was found. If Netcoins failed or was hacked, you would rely on those custodians and any insurer paying out, and you would be an unsecured creditor for the rest. The parent company changed its name to Surge Digital Inc in 2026.

How Are Beaver Bitcoin And Netcoins Treated For Tax In Canada?

Beaver Bitcoin: Buying bitcoin with CAD is not a disposition. Selling for CAD, or spending bitcoin, is a disposition you report to the CRA. Beaver publishes no tax export that we could verify, so keep your own records.

Netcoins: Buying with CAD is not a disposition. Selling, swapping and spending crypto are dispositions you report to the CRA, and staking rewards are income. Export formats were not verified.

Selling, swapping or spending crypto is a disposition for the CRA on any platform. This is not tax advice: see my guide to crypto taxes in Canada.

Which Should You Choose, Beaver Bitcoin Or Netcoins?

Choose Beaver Bitcoin If

• You want bitcoin delivered straight to your own wallet with no account balance
• You want a simple recurring buy by pre-authorized debit
• You accept a flat 1.5% fee and a FINTRAC-only registration

Choose Netcoins If

• You want a broker app with 60+ coins, free Interac funding and phone support
• You value a long-registered Canadian dealer owned by a public company
• You can accept an unpublished spread in exchange for simple all-in prices

This is a comparison of two very different ways to buy. Beaver Bitcoin is a Canadian, Bitcoin-only service that delivers every purchase to your own wallet. Netcoins is a CSA-authorized restricted dealer with a buy, sell and hold app. The cards above give you the verdict, so below is the detail behind it, with every figure taken from each platform's own pages or the Canadian regulators' lists. Where I could not verify a number, I say so instead of guessing.

How Do Beaver Bitcoin And Netcoins Compare On Fees?

Beaver Bitcoin. Beaver charges a 1.5% fee on Bitcoin purchases and pays the Bitcoin network fee for the delivery on top of that. When we tested it with a $100 purchase, we received exactly $98.50 worth of BTC, which is exactly what the quote promised. There is no staking, no trading screen and no ladder of tiers to learn, which keeps the cost easy to predict.

Netcoins. Netcoins does not charge a separate trading fee. The price you are quoted already contains its spread, and the fee page does not publish what that spread is, so you cannot work out the true cost of a trade from the schedule alone. Compare the live quote against a market price before you confirm anything.

Which Is Better For Funding And Withdrawing CAD?

Beaver Bitcoin. You can fund a purchase by Interac e-Transfer, wire transfer or bill payment. Beaver says e-Transfer deliveries land in minutes and a wire sent in the morning can settle the same day, but it does not publish a fee or a dollar limit for any of the three, so I will not quote one. The service is built for buying, so check how selling or cashing out works before you rely on it.

Netcoins. Interac e-Transfer is free for deposits and for cash withdrawals. Bank wire deposits are free over CAD 3,000 (the fee under that amount is not published), and wire withdrawals cost a CAD 50 processing fee for amounts under CAD 25,000.

Which Has More Coins?

Beaver Bitcoin. One coin: Bitcoin. That is the whole product, and for a lot of Canadians it is exactly the point. Beaver offers Instant Buy, Large Buy and Recurring Buy options, all of which deliver Bitcoin to a wallet address that you provide.

Netcoins. The official fee page lists 65 coins, one of which (Bittensor) is trade-only. Solana was added through the September 16, 2026 variation order, which also confirmed an investment limit on purchases and sales over a rolling 12 months for certain investors in specific jurisdictions.

Which Is Safer?

Beaver Bitcoin. Beaver is operated by Dam Good Money Corp. and is registered with FINTRAC as a money services business (registration N300000998, registered July 13, 2026, expiry November 30, 2028). It is not on the CSA list of authorized platforms and does not operate under a CSA decision, so it is not a CSA-registered dealer. The model matters more than the label here: you must supply a wallet address, so Beaver never holds your coins and there is no exchange balance to freeze or lose. The trade-off lands on you. Set up a good wallet first and back up your seed phrase properly.

Netcoins. Netcoins Inc. is on the CSA list as a restricted dealer, with the British Columbia Securities Commission as principal regulator. The CSA list shows amended decisions on September 16, 2026, September 29, 2025, October 6, 2023 and March 24, 2022, after an original decision on September 29, 2021. Its FINTRAC registration (M15560893) runs to October 15, 2027. The variation order describes an investment limit for certain investors, but it does not state the dollar amount, so I cannot give you the number.

Neither platform is a place to park a large balance for years. As always, we recommend moving long-term holdings to your own crypto wallet.

Which App Is Easier To Use?

Beaver Bitcoin. There is no trading interface to learn. You enter an amount, give a wallet address, pay, and the Bitcoin arrives. I could not verify an app-store rating for Beaver, so I will not quote one. The one hurdle is that you need a Bitcoin wallet before your first purchase, which is a real step for a total beginner.

Netcoins. Netcoins is built around a buy, sell and hold flow rather than a trading screen. I could not verify app-store ratings for it in my facts file, so I will not quote one. Judge the interface yourself with a small first purchase.

What Are The Pros And Cons Of Beaver Bitcoin And Netcoins?

Beaver Bitcoin: Pros And Cons

Netcoins: Pros And Cons

Who Should Choose Beaver Bitcoin, And Who Should Choose Netcoins?

Pick Beaver Bitcoin if you only want Bitcoin, you already have a wallet or are happy to set one up, and you prefer one flat fee over a spread you have to estimate.

Pick Netcoins if you want a CSA-authorized dealer with a wider coin menu than a Bitcoin-only service and you are happy with a spread-based price.

So Which One Should You Pick?

On the verified numbers, Beaver Bitcoin fits best for this job: bitcoin only, sent straight to your own wallet. Netcoins fits best for this one: a registered dealer with a simple buy-sell-hold app. If those two jobs overlap for you, start with a small first purchase on the one that suits your wallet, bank and comfort level, check what actually arrives, and only then scale up. The cheapest headline fee is not always the cheapest purchase once spread, withdrawal costs and limits are counted.

Not sure either fits? My ranking of the best crypto exchanges in Canada and the exchange quiz sort the field by what you actually need.