Newton has the largest selection of cryptocurrencies available out of any Canadian-based crypto exchange. It currently supports 67 different cryptocurrencies and are adding more every week.
Newton Trading and Deposit/Withdrawal Fees
Newton do not currently charge any fees to deposit or withdraw funds from their exchange. Additional to not charging fees for withdrawals and deposits, they also do not charge any fees to buy or sell cryptocurrency.
They make up the loss of fees by having a slightly wider spread than other major cryptocurrency exchanges like Bitbuy. Newtons spreads typically average between 0.5% - 2%.
Newton Crypto Wallet
Newton has their own crypto wallet available for users to store their funds on the exchange. Users also have the option to transfer their digital assets that are stored on their Newton wallet to their external wallet like Metamask.
Newton Crypto App
Newton now currently supports mobile app versions of their exchange for both iOS and Android. The app version has the same functionality as the website version, users can access their portfolio and trade assets with ease. The UI of the app is clean and easy to navigate.
Is Newton Crypto Safe?
Newton currently holds all of their users assets offline in cold storage and have 2FA enabled to prevent hacking incidents. Additional to this, they are registered as a Money Service Business (MSB) and are subject to FINTRAC regulations.
They are considered a relatively safe cryptocurrency exchange.
Newton Crypto Manual Authentication
To verify your identity on the Newton cryptocurrency exchange, simply follow the below steps.
Step 1: Sign up to Newton
Step 2: Upload your government issued ID
Step 3: Get verified within 30 seconds
Step 4: Add Interac® e-Transfers as your deposit method
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Andrew Chen is a lead editor and auditor of content for Buy Bitcoin Bank, with a Masters of Computer Science and extensive knowledge in cryptocurrency and blockchain technology. He has helped ensure the accuracy and quality of the platform's educational resources for new and experienced investors in the crypto space.
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