Newton vs Coinsquare: Fees
Newtons traders are not charges any fees whatsoever when trading on their platform. They are a 0% commission and also do not charge a fee to deposit or withdraw funds from their exchange.
Coinsquare charges a 1% taker fee and a 0.1% maker fee for BTC trades. ETH and other altcoin trades have a 0.2% taker fee and 0.1% maker fee. There is also a steep 2% fee when withdrawing funds from their platform which is considerably high.
Newton has lower fees overall, especially for BTC trading. However, Coinsquare’s fees are still relatively low compared to other exchanges.
Newton currently supports BTC, ETH, BCH, XRP, LTC and 62 other cryptocurrencies. They have the largest and most diverse selection of tokens out of any Canadian-based exchange. This may be important for investors who want to trade a wider variety of altcoins.
Coinsquare supports Bitcoin, Ethereum, Bitcoin ABC, Litecoin, Dogecoin, Dash, Ripple, Ethereum Classic & Stellar.
Newton vs Coinsquare: Deposit methods
Newton allows deposits via bank transfer (ACH/EFT) or wire transfer. Coinsquare also allows deposits via bank transfer (Faster Payments Service/Interac e-Transfer), wire transfer, or Flexepin voucher. Newton and Coinsquare both allow multiple deposit methods.
Customer Custody and Security
Newton stores 98% of customer funds offline in cold storage. 2% of customer funds are kept in hot wallets for liquidity purposes. Coinsquare also stores the vast majority of customer funds in cold storage. Coinsquare has also never been subjected to a hacking incident.
Both Newton and Coinsquare have strong security measures in place.
Newton offers customer support via email and live chat. Coinsquare offers customer support via email, phone, and live chat. Newton’s customer support is available in English only. Coinsquare’s customer support is available in English, French, and Spanish. Newton’s customer support is not as comprehensive as Coinsquare’s.
Both Newton and Coinsquare offer good customer support. However, Coinsquare’s support is available in more languages, making it more accessible to a wider audience.
Newton vs Coinsquare: Final Verdict
Overall, Newton and Coinsquare are both good options for cryptocurrency investors. Newton has lower fees and supports a much larger selection of cryptocurrencies available to invest in. We recommend using Newton as they are a higher security exchange and have a vast selection of digital assets available.