As a Money Service Business (MSB) registered with FINTRAC, we are required to have a Know-Your-Customer (KYC) process and compliance program in place. KYC is a process that allows us to verify the identity of our customers, as per Canadian regulations.
You must provide your email address, phone number and personal information including your first name, last name, address, date of birth and a piece of identification (like a driver’s license). Most users are verified at this point through our automated process.
Your Netcoins account can be funded with an Interac e-Transfer, crypto deposit, or a bank wire transfer. Once you have funds in your Netcoins account, you’ll find it easy to buy BTC in Canada.
Yes, you can either keep a crypto balance within your Netcoins account or withdraw it into your own external wallet. While FIAT withdrawals are free, there is a small withdrawal fee associated with Bitcoin and other crypto withdrawals.