I am writing this Newton review after using the exchange for over a year. I have read the the good and bad reviews on Reddit and social media, this has been my experience buy and selling crypto on Newton.
This review will breakdown what you should know before signing up for Newton.
Affiliate Disclaimer – We earn from qualifying purchases.
- Low spread fee on trades.
- Easy to use and nice design.
- Lots of altcoins to trade and more always being added.
- Verifying account when signing up can take time.
- Can have difficulty at peak times.
- customer service can be overwhelmed and take time to respond or you need to post on the Newton subreddit to get help.
Founded in 2018. Newton has about 40 employees and has served over 200,000 Canadians.
I believe this makes them the second largest Canadian crypto exchange after Shakepay.
Newton is a registered money services business with FINTRAC in Canada (FINTRAC#: M19607029) and FinCEN in the United States.
Deposits and withdrawals: $0
Crypto withdraw fees: For cryptocurrency withdrawals, the first $5 of the withdrawal fee are covered, the rest of the withdrawal fee will be a cost incurred by the customer time of transaction.
The variable amount will depend on the transaction and the blockchain fees at the time of the transaction.
I have yet to incur a network fee when sending crypto above the $5 network fee. that Newton covers. This probably would not be the case if I was buying or selling at peak times in the market.
Newton has some of the lowest fees in Canada for exchanging cryptocurrency and sending it your wallet.
Funding & Withdrawal Options
Interac E-Transfer, Wire Transfer, Bank Transfer or connect your bank account with Plaid.
Choose from over 50 coins to buy, sell and trade on Newton. You can only trade $ CAD for crypto. Newin does not offer any crypto to crypto trading pairs.
Desktop / Apps
Newton dashboard view.
Trading view on desktop website.
Newton app store reviews – iOS & Android.
Newton has a partnership with Balance, a professional third-party custodian that specializes in safeguarding your digital assets. Through Balance, Newton provides institutional-grade storage, with security from theft, fraud, and mishaps.
Newton uses Authy for 2FA.
Market orders and limit orders.
Newton does not have recurring buying option.
Get $25 sign up bonus when you make a trade over $100.
Newton referral link to get bonus: https://web.newton.co/r/YASRDJ
These cryptocurrency exchanges are good alternatives to try:
Newton Review Conclusion
Newton gets mixed reviews online.Newton is fast growing startup that might have occasional growing pains. Read Newton vs Shakepay. They are hiring and improving the exchange on a regular basis.
After struggling through the initial verification process I have generally had a good experience buying and selling crypto on the exchange.
My questions to customer service were answered within 24 hours and they did fix any issues I had.I like using the desktop website to trade crypto or send it to my wallet.
I use Newton for a majority of buying and selling of crypto because of the low fees. I setup and use other exchanges as well because I don’t feel confident in Newton to be online at peak times and it’s good to have a back up plan.
Don’t leave money on the exchange, you should always send your crypto to a wallet you control the back up keys for.
Bottom line: Newton is a safe and legit crypto exchange for Canadian. It has some of the lowest fees on trades and is super easy to use.
HowToBuyBitcoin101.com is basic how to crypto guides, reviews and information for beginners to get started with cryptocurrency in Canada. NOT investment advice. Please do your own research. We like Bitcoin & crypto. [READ ABOUT]
Subscribe to our newsletter to stay informed about crypto news in Canada.