Netcoins has officially collaborate with APX Lending: Canada’s first and only CSA-approved crypto-backed lender. This enables our users to borrow CAD or USDC directly against the BTC and ETH you already hold in your Netcoins account, with no credit check and same-day funding.
Why This Collaboration Changes Everything for Canadian Crypto Holders
Most platforms advertising “borrow against your Bitcoin” to Canadians are actually registered offshore and technically not permitted to lend here. APX Lending is different:
- The only lender with an official CSA exemptive relief order to provide crypto-backed loans across Canada
- Registered with FINTRAC (M23366277) and FinCEN (31000248116781)
- SOC 2 Type II compliant
- Collateral held in insured, segregated, bankruptcy-remote BitGo Trust wallets — never re-lent or rehypothecated
In short: this is the most regulated, most transparent, and safest way to borrow against crypto in Canada full stop.
How It Works — Step by Step
- Log in to your Netcoins account and click the new “Lending” tab
- Select BTC or ETH as collateral
- Use the instant calculator — it shows exactly how much you can borrow in real time
- Complete a quick, one-time KYC with APX (takes minutes)
- Review and e-sign your loan agreement
- Transfer your collateral (it moves to a dedicated, insured BitGo address you can verify on-chain)
- Receive CAD or USDC in your Netcoins account the same day — often within hours
You keep full upside on your crypto. You only pay interest on what you borrow. You can repay early with zero penalties after the first three months.
Loan Terms at a Glance
- Eligible collateral: Bitcoin (BTC) and Ethereum (ETH)
- Minimum loan: $10,000
- Maximum loan: $10 million+ (higher limits available for qualified clients)
- Interest rate (Canada): fixed from 12.99% APR
- Loan term: 3–60 months, extendable anytime
- Maximum initial loan-to-value (LTV): 60% (highest among regulated lenders)
- Margin call trigger: 80% LTV (you’ll get alerts every 6 hours)
- Liquidation LTV: 90% (generous buffer vs. most platforms)
- Fees: $0 origination, $0 management, $0 early repayment after 3 months
- Custody: BitGo Trust — up to $250 million in insurance, cold storage, fully segregated
- Funding speed: same business day once collateral is confirmed
Real-Life Examples of What You Can Do
- Cover a $75,000 home-renovation project without selling a single satoshi
- Pay off 22% credit-card debt and replace it with 12.99% crypto-backed debt
- Settle a capital-gains tax bill from previous trades while staying 100% exposed to upside
- Buy a dip in BTC or ETH using responsible leverage
- Put a down payment on Canadian real estate while your crypto keeps compounding
Safety First
- Your coins are never re-lent or rehypothecated (the #1 cause of Celsius, BlockFi, and Genesis failures)
- Custody is with BitGo Trust — the same institutional custodian used by Galaxy Digital, Pantera, and many public companies
- Complete on-chain transparency — you can verify your collateral wallet address 24/7
- $250 million in commercial crime insurance and bond coverage via BitGo
Frequently Asked Questions
Do I have to move my crypto off Netcoins?
Yes, it moves to a dedicated APX BitGo custody address (insured and visible on-chain), then returns to you automatically when the loan is repaid.
What happens if the price crashes?
You’ll receive a soft margin call at 80% LTV with alerts every six hours. Liquidation only occurs at 90% LTV — one of the most borrower-friendly buffers in the industry.
Are there hidden fees?
None. Zero origination fee, zero monthly fees, zero early-repayment penalty after the first three months’ interest.
Is this available in Quebec?
Yes — APX operates under a nationwide CSA Exemptive Relief order.
Ready to Unlock Liquidity Without Selling?
If you have at least $10,000 worth of BTC or ETH on Netcoins: Click here to calculate how much you can borrow today (takes 10 seconds) Netcoins is proud to bring you the safest, most compliant way to turn your crypto into cash in Canada. Loans are originated and serviced by APX Lending, a separately regulated entity. Welcome to the new standard in Canadian crypto lending.
The information provided in the blog posts on this platform is for educational purposes only. It is not intended to be financial advice or a recommendation to buy, sell, or hold any cryptocurrency. Always do your own research and consult with a professional financial advisor before making any investment decisions. Cryptocurrency investments carry a high degree of risk, including the risk of total loss. The blog posts on this platform are not investment advice and do not guarantee any returns. Any action you take based on the information on our platform is strictly at your own risk. The content of our blog posts reflects the authors’ opinions based on their personal experiences and research. However, the rapidly changing and volatile nature of the cryptocurrency market means that the information and opinions presented may quickly become outdated or irrelevant. Always verify the current state of the market before making any decisions.
