Newton Review 2023 | Canadian Crypto Exchange

NEWTON: This is a comprehensive Newton crypto exchange review. Newton ranks as Canada’s largest selection of crypto coins for trading. This review features pros, cons, fees, account features, deposits, withdrawals and coins available for crypto investing in Canada

Hello, I’m Blooming Umoren.👋 In this tutorial, we’re going to review Newton, a Canadian crypto exchange to buy and sell many coins and tokens.

If you have any question(s), leave them in the comments section below and I will answer them. Feel free to connect with me on Youtube, Facebook, Instagram or Twitter.

So let’s go straight into today’s tutorial:

Oftentimes, many ask: what is the best crypto exchange in Canada? Newton has the largest selection of crypto in Canada and it’s a good choice for beginner and intermediate crypto trading in Canada. Here’s why:

Newton Overview:

1. What is Newton?

Established in 2018, Newton low-cost crypto-trading platform in Canada. It has the largest selection of crypto coins in Canada. Newton supports 60+ crypto coins and tokens with zero-trading fees.

With Newton, you can buy any of these 60+ coins directly with Canadian dollars within minutes. In addition, Newton charges no fee to fund your account and offers free withdrawals. 

Newton is a simple user-friendly Canadian crypto exchange for beginners and intermediate crypto traders.

Newton: Benefits & Pros
Users: 

Excellent choice for beginners and intermediate crypto traders. Newton is suitable for individuals that are new to crypto investing and also for intermeidate crypto traders.

 🙋 DON’T HAVE A NEWTON ACCOUNT? 

💸  SIGN UP HERE & GET $25 CASHBACK
Deposits: 

Newton offers free deposits for bank deposits in Canadian dollars and cryptos. That is, individuals can initiate free Interac deposits from your Canadian bank account to Newton account. You can also deposit cryptos for free into your account. Learn more

Withdrawals: 

Newton offers free Interac withdrawals to your Canadian bank account as well as free crypto withdrawal fees. Learn more

Newton Fees: 

Newton offers no trading fees for buying and selling crypto. However, Newton features a variable price spread on buy and sell trades for approx. ~ 0.7%. Learn more

Customer Support: 

Offers responsive customer service support including email and chat support.

Crypto offered: 

Newton offers over 60+ coins. These include Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Stellar (XLM), Bitcoin Cash (BCH), EOS, Chainlink (LINK), Aave (AAVE), Uniswap (UNI), Polkadot (DOT), SushiSwap (SUSHI), Dogecoin (DOGE), Polygon (MATIC), Solana (SOL), Cardano (ADA), Enjin Coin (ENJ), Yearn Finance (YFI), Avalanche (AVAX), Ankr (ANKR), Harmony (ONE), My Neighbour (ALICE), USD Coin (USDC), Synthetic (SNX), Tether (USDT), Pax Gold (PAXG), Chromia (CHR), Loopring (LRC), Cosmos (ATOM), Gala (GALA), The Sandbox (SAND), Elrond (EGLD), Ren (REN), Chiliz (CHZ), OMG Network (OMG), Fantom (FTM), Ox (ZRX), Axis Infinity (AXS), Curve DAO (CRV), Maker DAO (MKR), Dai (DAI), Basic Attention (BAT), Compound (COMP) and more

This implies that you can fund your NDAX account with Canadian dollars directly and buy any of these coins or tokens.

How To Fund Your Newton Account?: 

Newton offers multiple funding and deposit methods including Interac e-transfer,  wire transfer and crypto. 

The easiest way to fund your Newton account is via Interac e-transfer. Once you initiate the Interac e-transfer from your bank, it takes as little as 30 secs for the funds to show in your account. 

To ensure your Interac e-transfer goes through without any hassle, ensure you include your unique reference code in your Interac transfers from your bank to Newton. There’s usually an option to include a note or message with your Interac transfer, ensure you include your reference code there. 

Without this reference code, Newton is unable to match your deposit to your account. Also ensure that the name on your bank matches the name in your Newton account to avoid any delay in deposits.

Crypto Transfer To Wallet: 

Supports transfers of some coins to other crypto exchanges platforms or cold wallets such as Ledger. Note that Newton does not allow transfer of all coins to your wallet. As explained in our Crypto Investing for Beginners, it’s essential to move your crypto offline to a cold wallet such as Ledger Nano X and never leave it on any crypto exchange.

To get your Ledger wallet from the official website, click here

🔒SHOP LEDGER NANO X? CLICK HERE 

How To Open A Newton Account?: 

To get started, sign up here. Newton offers fast id verification for new customers which means you can start buying any crypto as soon as you create and fund your account. 

To open a Newton account, you’ll need to provide these information:

  • Name 
  • Username
  • Email
  • Password
  • Phone number
  • A valid government issued photo ID e.g. driver’s license, passport, provincial ID card
  • A selfie of yourself

Once your account registration is complete and verified, you can then fund your account via Interac e-transfer for ease. 

To sign up, click here and receive a $25 bonus when you fund your account with $100 or more and buy any crypto of your choice. 

Newton Referral Code & Program: $25

To earn $25 sign up bonus, click here

Or use Newton Referral Code: V9IAA3

 

Other Features:

Quick deposits and withdrawals, responsive customer support, secure digital asset storage, insurance policy and many more.

NDAX: Cons

Limited Coin Withdrawal

Though Newton has the largest selection of crypto coins in Canada, it’s important to note that there are restrictions on the coins you can withdraw out of your Newton account to your cold wallet or other crypto exchange platforms.

Serves Canadian Market Only

Newton serves customers only in Canada and accepts only Canadian dollars for fiat deposits.

No Staking 

As of the publishing of this article, no staking feature available on Newton.

Summary:

Newton is a Canadian crypto exchange that has the largest selection of crypto coins for beginners and intermediate crypto users. Buy over 70+ cryptocurrencies directly with Canadian dollars and transfer major coins to your wallet. Offers zero deposit and withdrawal fees as well as zero trading fees. Offers variable spread on buy and sell price. 

If you’re looking into trading a large selection of cryptocurrencies in Canada, Newton is a solid platform to buy and sell Bitcoin and many more coins directly with Canadian dollars. 

Note: Ensure you include your unique reference code in your Interac transfers from your bank to Newton. Without this reference code, Newton is unable to match your deposit to your account. Also ensure that the name on your bank matches the name in your Newton account to avoid any delay in deposits. 

To start investing in crypto today with Newton, click here to sign up and get $25 bonus

To start investing in crypto with NDAX: $25 bonus

✅ CLICK HERE TO SIGN UP

Newton Frequently Asked Questions (FAQs)

Is Newton Safe?

Yes, Newton is safe. Newton offers world-class security of its digital assets as it stores the majority of all its cryptocurrencies offline securely with a third-party custodian called Balance in a distributed cold hardware wallet.

Is there staking on Newton?

No staking feature available on Newton. 

How much does Newton charge to withdraw?

Newton offers free Interac withdrawals to your Canadian bank account as well as free crypto withdrawal fees. However, Newton offers a variable price spread on buy and sell trades approx. ~ 0.7%.

How do I get my $25 from Newton?

Use promo code: V9IAA3 or use this link to sign up

Once you sign up and buy any crypto worth $100 or more, you’ll get $25 credited to your Newton account.

Step-by-step tutorial on how to invest in Bitcoin. The goal of this crypto for beginners tutorial is to make the process of investing in crypto as easy as possible for you. READ MORE

Questions?🤔

If you have any question(s), leave them in the comments section below. Feel free to connect with me on Youtube, Facebook, Instagram or Twitter.

See you in the next class! 👋

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I’m Blooming Umoren. I enjoy teaching about stock market & cryptocurrencies investing as long term cornerstones for creating and building multi-generational wealth.


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