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 over 90 cryptocurrencies with low or no fees for deposits and withdrawals. While not the strongest option for advanced crypto traders, Newton has a lot to offer beginner and those with straightforward investment goals.
Pros
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Free Interac e-Transfer deposits/withdrawals
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Supports many popular coins
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Advanced charting with TradingView
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Crypto tax reporting via Koinly
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Registered with the Canada Securities Administrators (CSA) and Ontario Securities Commission (OSC)
Cons
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Only supports CAD fiat currency
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No margin trading and limited advanced features
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Only stake ETH and SOL
Details
Product details
| Product Name | Newton Crypto |
| Fiat Currencies | CAD |
| Cryptocurrencies | BTC, ETH, SOL, ADA, DOT, POL, DOGE and 85+ 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 (≤$10,000): $35 |
| Withdrawal Fees |
Interac e-Transfer: $0 Bank transfer: $0 |
Ratings methodology - how we scored Newton
| Supported cryptocurrencies | ★★★★★ |
| Transferring money or assets | ★★★★★ |
| Fees and costs | ★★★★★ |
| Ease of use | ★★★★★ |
| Customer service | ★★★★★ |
| Features | ★★★★★ |
| Staking/earn | ★★★★★ |
| Trustworthiness/security | ★★★★★ |
How we rate our crypto exchanges and platforms
Finder's editors objectively assess each platform across a spectrum of performance metrics using a system of 1 to 5 stars, which are designed to help you assess a crypto platform's strengths and weaknesses. You can read our full methodology here.
Our score and selection of the best crypto exchanges is based on the same criteria as our annual Crypto Trading Platform Awards, updated by our editorial team throughout the year to reflect changes in the market.
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 sold to Right Health and 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, 10 of the top 20 cryptos are available on Newton.
Popular assets on NewtonNewton fees
Newton charges a $35 fee for wire transfer (≤$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 (≤$10,000): $35 |
Withdraw funds |
Interac e-Transfer: $0 Bank transfer: $0 |
Other fees |
Staking: ETH (15%), SOL (7% + 100% of MEV Rewards) |
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 Ontario Securities Commission (OSC) and the Financial Transactions and Reports Analysis of Canada (FINTRAC).
Asset storage & insurance. Newton holds 80% of client assets offline in custodial cold storage with Coinbase and 20% in hot wallets secured by Fireblocks. Assets have limited insurance coverage through these third parties.
Customer data. The company's dedicated fraud and data security team regularly monitors the platform for suspicious activity. Newton's platform is internally tested monthly and externally tested annually for vulnerabilities. Know Your Customer (KYC) verification is run via Persona, a third-party security identity solutions provider based in California.
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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