Security Compliance
Beaver Bitcoin is non-custodial by default, meaning coins are sent directly to your wallet and never stored on the exchange. This eliminates custodial risk and makes it one of the safest options for Canadians who value self-custody.
Netcoins, owned by BIGG Digital Assets, is transparent as a publicly traded company and uses compliance tools like Bitrank and QLUE to monitor transactions. While it offers 2FA and full regulatory oversight, details on how crypto funds are stored are less clear. Because Netcoins is custodial, users carry some risk if they leave funds on the platform.
Regulatory Compliance
Both Beaver Bitcoin and Netcoins are registered with FINTRAC as Money Services Businesses and must comply with the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA). Netcoins also goes further with public company obligations and auditing requirements. Beaver Bitcoin, though smaller, still follows the same federal compliance rules and requires KYC verification before trading.
Customer support
Beaver Bitcoin provides straightforward support through its website and email, suitable for its simple platform. Netcoins offers more robust options including 24/7 live chat, email, and even phone support. Its responsiveness is highly rated, with many customers noting quick turnaround times for questions.
Conclusion
Both Beaver Bitcoin and Netcoins are solid Canadian exchanges, but they target different needs. Netcoins is a good fit if you want more coins, a high-rated app, and extras like a Bitcoin cashback card. Beaver Bitcoin, however, wins this comparison for its transparency, predictable pricing, and non-custodial design that delivers coins directly to your wallet. For Canadians focused on long-term Bitcoin ownership with maximum safety, Beaver Bitcoin is the clear winner.
We recommend choosing Beaver Bitcoin over Netcoins for your cryptocurrency trading needs. By opting for Beaver Bitcoin through our referral link, you support us in conducting comprehensive independent analyses of crypto trading options for Canadians.
If you find that neither Beaver Bitcoin nor Netcoins meets your requirements, we encourage you to explore our monthly-updated list of the best exchanges for Canadians to trade crypto. This list provides a range of alternative options that may better suit your specific needs and preferences.
