Summary: Newton is a Canadian crypto exchange known for its low fees and user-friendly interface. Launched in 2018, it supports a variety of over 70 cryptocurrencies like Bitcoin and Ethereum, which can be both traded and staked for competitive yields. The platform emphasizes security with features like two-factor authentication. It also offers a mobile app for convenient trading and has a reputation for good customer support.
- Multiple free Canadian Dollar (CAD) deposits via Interac e-Transfer, Bank Transfer & more.
- Secure FINTRAC regulated platform and is approved by the Ontario Securities Commission.
- Buy and sell over 70 cryptocurrency with zero deposit fees and trading commissions.
What is Newton?
Newton was founded in 2018 by Dustin Walper, a Canadian entrepreneur with a vision to simplify and democratize cryptocurrency trading in Canada. Headquartered in Toronto, Newton has rapidly become one of the country's leading exchanges. The platform offers various services, including spot trading for over 70 cryptocurrencies. One of its standout features is its commitment to low fees, which is achieved through a transparent pricing model.
The exchange employs stringent measures like two-factor authentication and cold storage solutions for digital assets, ensuring a safe trading environment for its users. It also provides a mobile app, allowing traders to manage their portfolios and execute trades from anywhere, at any time. Customer support is another area where Newton excels, offering timely and responsive assistance to users who may have questions or encounter issues.
Newton offers an extensive set of features tailored to enhance and secure your cryptocurrency investment journey. Highlights include Newton's staking options and a specialized OTC desk for high-volume trades. Here's a detailed look at the platform's key offerings:
- Spot Trading: Buy and sell over 70 cryptocurrency on spot markets and use stop losses and limit orders.
- Various CAD Funding Options: Quick and convenient account funding in Canadian dollars through Interac e-Transfers, wire transfers, and credit cards, often finalized within minutes.
- 24/7 Customer Assistance: The platform is known for its live customer support, reachable anytime via live chat, email and social media platforms like Twitter.
- Crypto Staking: Newton offers staking options for certain cryptocurrencies, allowing you to earn additional tokens by holding and "staking" your existing coins.
- OTC Desk: For investors looking to execute large trades, Newton provides a dedicated Over-The-Counter (OTC) trading desk to facilitate these transactions.
- Mobile App: Newton's user-friendly mobile app is compatible with both iOS and Android, allowing you to manage your investments on the go.
- Crypto Wallet: 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.
Is Newton Regulated?
Absolutely, Newton is overseen by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) and holds the official status of a Money Services Business (MSB) under registration #M18755025. This ensures that it functions in accordance with federal regulations, offering its customers a safe and law-abiding environment for trading cryptocurrencies. Newton is also registered with the Ontario Securities Commission (OSC) in Canada.
The majority of digital assets managed by Newton are securely kept in cold storage wallets, entirely disconnected from the internet. The exchange maintains an insurance policy specifically for the digital assets stored in their cold storage. This insurance safeguards customers' funds against a wide range of risks, including theft, damage, and the loss of private keys.
Newton does not currently charge any fees to deposit or withdraw funds from their exchange. In addition, 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 1% - 1.15% for BTC, ETH and USDC, 1.25% - 1.45% for LTC, SOL and XLM, and 1.5% - 1.6% for every other supported cryptocurrency.
The exchange offers a diverse range of over 70 digital assets for trading. It supports popular cryptocurrencies like Bitcoin, Ethereum, and Litecoin, as well as a variety of altcoins such as Cardano, Chainlink, and Polkadot. Newton also accommodates tokens in the DeFi space, including Uniswap and Aave, among others. Additionally, stablecoins like USD Coin (USDC) are available for those looking for less volatility.
Newton provides a streamlined trading experience via its specialized mobile application, which works smoothly on both iOS and Android devices. The mobile app is an extension of Newton's web platform, offering consistent features and an intuitive design. In the Apple App Store, the app has garnered a 4.6 star rating based on more than 20,000 reviews. Similarly, on the Google Play Store, the app holds a 4.5 star rating, collected from approximately 15,000 reviews.
It has a reputation for its exceptional customer support, promising on its homepage to respond to all questions in a timely manner. This isn't just talk, their high ratings on Trustpilot back up these claims. They provide assistance through both live chat and email or phone. If you have issues with your Newton account, you can call them on (833) 639-8661 for immediate help.
To recap, Newton is a robust and reliable cryptocurrency exchange in Canada. Founded in 2018, the platform offers a comprehensive suite of features, from spot trading of over 70 digital currencies to specialized OTC desks for high-volume trades. One of its most compelling attributes is its commitment to low fees, achieved through a transparent pricing model.
Security is a top priority for Newton, employing two-factor authentication and cold storage solutions to protect users' digital assets. The platform is fully regulated by FINTRAC and the Ontario Securities Commission, providing an additional layer of trustworthiness. Its mobile app offers a seamless trading experience backed by high user ratings on both iOS and Android platforms.