Newton crypto review
- Fiat currencies
- 1
- Supported assets
- 99
Our verdict
Straightforward features and a highly-rated mobile app are part of what sets Newton apart.
Newton is a homegrown Canadian crypto trading platform that lets you buy and sell around 100 cryptocurrencies with low or no fees for most deposits and withdrawals. While not the strongest option for advanced crypto traders, Newton has a lot to offer beginners and those with straightforward investment goals.
Pros
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Free Interac e-Transfer deposits/withdrawals
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Advanced charting with TradingView
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Crypto tax reporting via Koinly
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Customer support from real humans
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Registered with every provincial/territorial securities regulator and the CSA
Cons
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Only supports CAD fiat currency
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Access a limited range of cryptos
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No margin trading and limited advanced features
Details
Product details
| Product Name | Newton Crypto |
| Fiat Currencies | CAD |
| Cryptocurrencies | BTC, ETH, SOL, ADA, DOT, DOGE and 90+ more |
| Deposit Methods |
Cryptocurrency Interac e-Transfer Wire transfer |
| Trading Fee |
Tier 1 Assets (BTC/ETH/USDC): 1%–1.15% Tier 2 Assets (LTC/SOL/XLM): 1.25%–1.45% Tier 3 Assets (all other cryptos): 1.5%–1.6% |
| Deposit Fees |
Interac e-Transfer: $0 wire transfer (>$10,000): $0 wire transfer ($5,000–$10,000): $35 |
| Withdrawal Fees |
Interac e-Transfer: $0 EFT: $0 wire transfer (>$10,000): $0 wire transfer ($5,000–$10,000): $35 |
About Newton — company background
Based in Toronto, Newton is a Canadian cryptocurrency trading platform. It was founded in 2018 by Dustin Walper, who created Newton shortly after leaving Akira, a telehealth company he co-founded that is now owned by Telus Health.
Hundreds of thousands of Canadians now use Newton, which has expanded over the years to support trading around 100 cryptos on desktop and mobile apps.
Listed Newton crypto exchange assets
Newton supports over 99 cryptocurrencies, but some notable assets are missing. Namely, Tether, BNB and TRON, which are in the top 20 cryptos by market cap. In total, 12 of the top 20 cryptos are available on Newton.
Popular assets on NewtonNewton fees
Newton charges a $35 fee for wire transfer ($5,000–$10,000) deposits. Wire transfer (>$10,000) and interac e-transfer deposits are free for folks in Canada.
Deposit & withdrawals fees
| Transaction type | Fee |
|---|---|
| Deposit funds | Interac e-Transfer: $0 wire transfer (>$10,000): $0 wire transfer ($5,000–$10,000): $35 |
| Withdraw funds | Interac e-Transfer: $0 EFT: $0 wire transfer (>$10,000): $0 wire transfer ($5,000–$10,000): $35 |
| Other fees | Staking: ETH (15% + 100% Execution Income), SOL (7% + 100% of MEV Rewards), ADA (7.5%), all other staked cryptos (5%) |
Newton deposit methods
- Cryptocurrency
- Interac e-Transfer
- Wire transfer
How to sign up on Newton exchange
Before you can even get started trading on Newton, you have to go through the rigorous verification process (which usually involves providing proof of identification). This can take time. The reason for this is Newton's commitment to certifications and compliance with regulations and insurers.
- Get started
After selecting the Get Started button, fill in the create account form. - Set up payment
Before you can start trading, you have to add your bank account to your Newton account. There are several options to choose from, so choose the option most compatible. - Provide identification
Before you can make withdrawals and increase your transaction limits, you must submit proof of address and some additional identification. Use either a passport or a driver's license for this. - Start trading
After all that is processed, you're ready to trade on Newton.
Using the Newton app
The Newton app is available via both the Google Play and Apple App stores. Buy, sell, stake and manage crypto just like you would on Newton's desktop app.
Is Newton safe?
Newton follows a number of best practices for safeguarding customers' data and funds. The company has undergone registration with Canadian securities regulators to reinforce public trust and remain compliant with evolving crypto policies.
Regulation. Newton Crypto is regulated by the Canada Securities Administrators (CSA), the Financial Transactions and Reports Analysis of Canada (FINTRAC) and securities regulators in every province and territory.
Asset storage & insurance. Newton holds 80% of client assets offline in custodial cold storage with Coinbase and 20% in hot wallets secured by Fireblocks. Crypto assets are covered by a comprehensive insurance policy.
Customer data. Newton has a dedicated security team, and the platform is monitored for threats all day, every day. Daily offsite backups are conducted and stored on Canadian servers. Additionally, the company's platform is internally tested monthly and externally tested annually for vulnerabilities.
Keeping your crypto secure
All centralised exchanges, including Newton, are vulnerable to counterparty risks like hacking, theft and insolvency. Using a self-custodial or hardware wallet is widely accepted as the best way to improve the security of your funds. We've shared some of our top picks below.
Ledger Nano X Wallet |
Trezor Model T Wallet |
SafePal S1 Wallet |
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Supported assets 5,500+ |
Supported assets 1,000+ |
Supported assets 30,000+ |
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Price (USD) $149 |
Price (USD) $129 |
Price (USD) $49.99 |
See more of the best crypto wallets
Alternatives to Newton
Finder Score for crypto exchanges
To make comparing even easier we came up with the Finder Score. Supported coins, account fees and features across 28 cryptocurrency trading platforms are all weighted and scaled to produce a score out of 10. The higher the score, the better the exchange—simple.
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