Newton Crypto Review

Affiliate Disclaimer – We earn from qualifying purchases.
Newton Crypto Review

Newton has some of the lowest spread fees, a large selection of altcoins, and a simple UI design that is very easy to use. It is a safe, regulated, and legit crypto exchange for Canadians. Despite the rough verification process and sometimes spotty customer service — I use Newton as one of my main go-to exchanges.

I am writing this Newton review after using the exchange for about three years now. I have read the good and bad reviews on Reddit/social media — this has been my experience buying and selling crypto on Newton. This Newton review will break down everything you should know before signing up to Newton.

My conclusion: Newton crypto exchange is currently the ‘best all-around exchange’ for a majority of Canadians because of the combination of friendly easy-to-use interface design, low fees, multi-network support, and a large selection of altcoins to trade.

Newton has made a number of improvements to their platform in the last year. Most notable is a huge increase in positive user ratings on the Android app.

✅ TL;DR Summary of Newton Review

Why I LIKE Newton:

  1. Low Spreads
  2. Almost Instant eTransfer Deposits/Withdraws
  3. Recurring Buys
  4. Lots of Altcoins to Trade
  5. Usually Free to Withdraw Crypto
  6. Multi-network support
  7. Easy to use

Why I DON’T LIKE Newton:

  1. Fee to withdraw crypto can be confusing
  2. Surge pricing
Newton Review

Newton has some of the lowest spread fees, a large selection of altcoins, a nice UI design, and is very easy to use — I use Newton as one of my main go-to exchanges.

Operating System: Web, iOS, Android

Editor's Rating:
4.5

Get $25 Newton sign-up bonus

Newton Quick Overview

  • Founded in 2018
  • Newton has 122 employees
  • Over 500,000 customers

I believe this makes them the second-largest Canadian crypto exchange after Shakepay.

Newton Website
Newton Website

Read: Newton Review

Newton Fees

  • Deposits and withdrawals: $0
  • Spread: ~0.75% to 1.5%
  • Crypto withdrawal: Free up to $5 of network fees

Check Fees and Prices

Funding & Withdrawal Options

  • Interac E-Transfer
  • Wire Transfer
  • Bank Transfer
  • Connect your bank account with Plaid

Cryptocurrencies: 70+

✅ Newton Pros

  • Low spread fee on trades.
  • Easy to use and nice design.
  • Lots of altcoins to trade and more are always being added.
  • Multi-network support

❌ Newton Cons

  • Verifying an 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.

Get $25 Newton Sign Up Bonus →

Newton — Compare Fees, Spread, Altcoins

Spread %

Withdraw Fee

Deposit Fee

# of Coins

1 - 2%

$0

$0

2

0.75-1.5%

Crypto: Free up to $5

$0

60+

0.2%

Crypto:~$10

$0

30+

0.5%

Fiat: $0
Crypto:~$15

$0

30+

0 - 1.5%

Fiat: 1.5%
Crypto:~$10

$0

25+

0.2 - 0.3%

Crypto: 0.00001 BTC

Fiat: 1.5%

65+

VirgoCX

0.5 - 2.5%

Fiat: $0
Crypto:~$10

$0

67+

Coinbase

0.5%

1.49 - 3.99%

1.49 - 3.99%

100+

Wealthsimple

~1.5 - 2%

$0

$0

49+

Crypto.com

~0.4%

Crypto:~$13

$0

100+

PayTrie

0.6%
Min. $5 Fee

$0

$0

7 stablecoins

n/a

Bull Bitcoin

0.5 - 1.25%

Crypto: you decide fee

$0

1

n/a

Coinsquare

1.5%

Fiat: 0 - 1.5%

Crypto: 0.0005 BTC

$0

39+

n/a

Bitcoin Well

0.21%

Variable

$0

1

Fees

Deposits and withdrawals: $0

Spread: ~0.75-1.5%

Crypto withdraw fees: For cryptocurrency withdrawals, the first $5 of the withdrawal fee is covered, the rest of the withdrawal fee will be a cost incurred by the customer time of the 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 to your wallet.

Funding & Withdrawal Options

Interac E-Transfer, Wire Transfer, Bank Transfer or connect your bank account with Plaid.

Order Types

Limit, Recurring, market.

Altcoins

Choose from over 50 coins to buy, sell and trade on Newton. You can only trade $ CAD for crypto. Newton does not offer any crypto to crypto trading pairs.

How to Use Newton

  1. Sign up to Newton. Get $25
  2. Verify your account
  3. Click > Add Funds – to transfer CAD $ Dollars with Interac eTransfer

The navigation icons on the right side are where you can access your; settings, add funds, and withdraw for fiat or cryptocurrency.

My Newton Dashboard
My Newton Dashboard

You can see (image above) under the ‘Recent activity’ some of my recent buying crypto on Newton and sending it to my wallet. I blocked out some info for privacy.

On the app: Click > Transfer> Add Funds to send an Interac e-Tranfer request to instantly fund your Newton account.

Newton Add Funds Interac e-Transfer
Newton Add Funds Interac e-Transfer

Below (image) are some of my earliest account activity on the Newton exchange. My account was created 3 years ago, and I made my first crypto (BTC) purchase on Newton a few months later after I verified my account.

My first Bitcoin purchase on Newton - July 2020
My first Bitcoin purchase on Newton – July 2020

I share these screenshots to prove that I actually do use Newton exchange. And that I am not just writing this article to shill you my referral links.

Trading view on the desktop website.

Newton Exchange Trading
Newton Crypto Trade Dashboard Desktop Website
Newton Crypto Trade Dashboard App
Newton Crypto Trade Dashboard Mobile App

Portfolio Tracker

A new feature that Newton has recently added and that is currently in BETA mode is a built-in portfolio tracker.

Portfolio Tracker Newton
Portfolio Tracker Newton

This is a unique feature/functionality because in will show your gain or loss in percentage terms. It automatically does the math to and tracks your dollar cost average buy price to show the total gains or loss in percentage terms.

This will only work if you make all your buys/sells on Newton and leave your crypto on the exchange. I always send my crypto to my own wallet and self custody my own keys.

Reputation and Reliability

Newton has undergone a rigorous review and approval process with the Ontario Securities Commission (OSC) and the other members of the Canadian Securities Administrators (CSA) and is one of a small number of registered crypto trading platforms registered to operate in Canada.

The registration process included extensive reviews of our internal financial, compliance, and security processes as well as requirements related to working capital, insurance, and the storage and custody of our customers’ fiat and crypto assets.

The CEO’s name is Dustin Walper and he answers questions on Reddit under the user name: ‘quackmeister’.

The Newton status page is a good resource to check so you can see the past incidents, uptime, and technical issues Newton has had and their frequency.

Compare Crypto Exchange App Store Ratings and Reviews

Exchange

Apple App Store Rating

Google Play Store Rating

Shakepay

Rating: 4.6 · ‎18.8K reviews

Rating: 4.5 · ‎12.4K reviews

Newton

Rating: 4.6 · ‎18.4K reviews

Rating: 4.4 · ‎5.5K reviews

NDAX

Rating: 4.7 · ‎6.1K reviews

Rating: 4.4 · ‎1K reviews

Netcoins

Rating: 4.9 · ‎73 reviews

Rating: 4.0 · ‎234 reviews

Bitbuy

Rating: 4.6 · ‎6.6K reviews

Rating: 2.7 · ‎1.6K reviews

Kraken

Rating: 4.7 · ‎4.1K reviews

Rating: 4.2 · ‎22.8K reviews

CoinSmart

Rating: 3.7 · ‎905 reviews

Rating: 3.6 · ‎620 reviews

VirgoCX

Rating: 4.0 · ‎109 reviews

Rating: 3.5 · ‎134 reviews

Coinbase

Rating: 4.7 · ‎1.7M reviews

Rating: 4.1 · ‎767K reviews

Wealthsimple

Rating: 4.6 · ‎124K reviews

Rating: 4.5 · ‎76K reviews

Crypto.com

Rating: 4.5 · ‎165K reviews

Rating: 4.5 · ‎497K reviews

Coinsquare

Rating: 4.6 · ‎4.8K reviews

Rating: 4.1 · ‎1.9K reviews

Kraken Pro

Rating: 4.5 · ‎11K reviews

Rating: 4.5 · ‎28K reviews

The app review data in the above table was updated on: October 5, 2023

Security

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 is a registered money services business with FINTRAC in Canada (FINTRAC#: M19607029) and FinCEN in the United States.

Newton recently introduced a new, improved authentication system that supports more 2FA methods like hardware keys (Yubikey), authenticator apps (like Google Authenticator) and WebAuth.

Customer Service

When I contacted customer service through email they responded and fixed my problem and answered my questions. I have made quite a few transactions in the past three years — from buying/selling crypto, withdrawing crypto to my own wallet, or selling crypto and withdrawing Canadian dollars to my bank account instantly with the eTransfer option.

That being said they can definitely have issues responding to support tickets at peak time. On the Newton subreddit (r/newtonco) there will be an occasional Newton support ticket thread where the mods go through the unread or answered support tickets.

They have hired lots of new employees and made many improvements to the exchange since the crypto bull run. Hopefully, we get another bull run and 🙂 Newton will have solved these issues. Only time will tell.

Newton Alternatives

These cryptocurrency exchanges are good alternatives to try:

Newton Review — Conclusion

✅ Newton Referral Code: YASRDJ

Get $25 Newton sign-up bonus when you deposit a minimum of $100 CAD.

I use Newton for the majority of buying and selling of crypto because of the low fees, lots of altcoins to choose from, multi-network support, and easy-to-navigate UI design.

Newton gets mixed reviews online. Newton is a fast-growing startup that might have occasional growing pains. 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 Newton crypto 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.

Don’t leave money on the exchange, you should always send your crypto to a wallet you have control the backup keys.

Newton Review

Newton has some of the lowest spread fees, a large selection of altcoins, a nice UI design, and is very easy to use — I use Newton as one of my main go-to exchanges.

Operating System: Web, iOS, Android

Editor's Rating:
4.5

Review Methodology

Community Reputation
We research social media mentions on Reddit, Twitter, and app store ratings over the last year to aggregate a reputation rating.

Buy and Sell Crypto on the App / Exchange
We use every app or service we review. Test how easy it is to use. How fast do funding and deposits happen.

Customer Service
We send in customer questions via multiple channels to measure helpfulness and response time.

Advanced or Uniquely Helpful Features
What makes it special or unique from the competitors.

(Source)

Related

Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before making any investment decisions.

Errors or corrections? Contact Us.
favicon


HowToBuyBitcoin101.com is a simple guide for beginners to get started with cryptocurrency in Canada. We also review and compare crypto exchanges and wallets.

AFFILIATE DISCLAIMER – We earn from qualifying purchases.

© 2024, HowToBuyBitcoin101.com

Privacy Policy · Terms of Use · Editorial Integrity Policy · Affiliate Disclosure · GPDR Policy

IMPORTANT DISCLAIMER: All content provided herein on our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third-party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice, or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyze, and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.