Netcoins and Newton are among the best crypto exchanges in Canada that offer easy-to-use, beginner-friendly interfaces to accommodate crypto newbies.
Netcoins allows users to trade about 20+ cryptocurrencies with flat fees, while Newton supports trading for over 70+ cryptocurrencies.
This Netcoins vs Newton comparison compares their top features, pros & cons, sign-up bonuses, and more.
Netcoins is a FINTRAC-registered cryptocurrency brokerage based in Vancouver. It was founded in 2014 and is owned by BIGG Digital Assets.
Read the full Netcoins review or sign up for a $25 bonus after trading $100 worth of coins.
Newton is a cryptocurrency brokerage based in Toronto. It was founded in 2018 and is a FINTRAC-registered Money Service Business (MSB) that’s PIPEDA-compliant.
Read the full Newton review or create a Newton account to get a $25 sign-up bonus after trading $100 worth of crypto.
Netcoins vs Newton: Top features compared
KYC and account funding options
Netcoins and Newton impose mandatory KYC; all users must disclose their identity to trade on these platforms.
The good thing is that both crypto trading platforms offer instant verification by running an automatic identity check with the credit bureaus, and it only takes minutes to get verified.
If the automatic check fails, you’ll be required to upload photos of your identity document, a selfie photo, and proof of address to get verified manually.
Once your account is set up and verified, you can fund your Netcoins or Newton wallet via Interac e-Transfer, bank wire, and crypto deposits.
Both platforms offer free deposits, so you don’t have to worry about deposit fees.
Both Netcoins and Newton are Canada-based cryptocurrency brokerages and are only licensed to offer crypto services within Canada. Thus, only Canadian residents can access and use these two platforms.
Canadians in other countries may be better off with CoinSmart, which is available in about 15 countries, or Binance and Coinbase, which are available in many countries.
Newton offers a wider selection of cryptocurrencies than Netcoins. While Netcoins offers 20+ crypto coins, Newton’s crypto list consists of nearly 70+ coins and tokens.
So if you are looking for more coins, Newton will be a top choice.
Crypto services offered
Both Netcoins and Newton are cryptocurrency brokerages. Since they are not fully-fledged crypto trading platforms, they only support basic buy/sell features and don’t offer other crypto services or advanced trading features/charting tools.
If you’re looking for DeFi services, staking, and other ways to monetize your crypto, you may want to look into Binance or Crypto.com.
Netcoins uses a flat fee schedule, while Newton offers commission-free trading with in-build spreads. Both platforms also offer free deposits/withdrawals for fiat.
Netcoins charge a flat fee of 0.5% on trades. Fiat deposits/withdrawals are free, so you can keep a large chunk of your gains.
Newton offers fee-free trading with no extra deposit/withdrawal fees.
To make money, there’s an in-built Newton spread of up to 2.50%, which is applied to the bid-ask price when you buy/sell crypto on the platform.
Crypto trading platforms
Both Netcoins and Newton offer basic web and mobile trading platforms.
The Netcoins web interface offers a buy/sell feature, with limit orders to set your trades to execute at a specific price and price alerts to keep you in the loop with price movements.
There’s also the Netcoins mobile app to keep you on top of the markets and buy/sell crypto, check balances, and make deposits/withdrawals while on the go.
Newton offers three trading platforms, namely:
- The standard newton platform: Trade commission-free at competitive prices and spreads of up to 2.50%
- Newton Pro: Allows institutional and active traders to access 100+ pairs at competitive spreads of 0.1%.
- Newton mobile app: iOS and Android mobile app to trade and monitor your portfolio on the go.
Netcoins offers a Prepaid Visa Card via Netcoins Pay that allows you to spend your crypto anywhere Visa, Apple Pay, Google Pay, or Samsung Pay is accepted.
The Netcoins Visa card offers 1% cash back.
Newton doesn’t offer a crypto visa card.
Is Netcoins Safe?
Netcoins’ security measures and how it protects user funds aren’t well articulated on its website.
That said, it’s a fully registered and regulated MSB in Canada that imposes mandatory KYC to ensure transparency.
It also uses forensic tools like QLUE and BitRank for data encryption, and you have the confidence to invest with a brokerage owned by BIGG Digital Assets, a publicly traded company.
Is Newton Safe?
Newton is a safe and legit cryptocurrency brokerage with several security features in place to protect users’ funds, including:
- Offline storage of digital assets with Balance
- 2FA to ensure safe login
- Daily off-site backups
- Direct-to-bank integration to reduce fraud
Netcoins vs Newton: Pros & Cons
Pros: Both Newton and Netcoins offer easy-to-use, beginner-friendly interfaces and free deposits/withdrawals. That said, Newton has a bigger lineup of 70+ coins and clear security features.
Newton’s downside is that it charges expensive inbuilt spreads of 0.5%-0.7%. Netcoins fees of 0.5% are also high, plus its security features aren’t very clear.
Both platforms don’t offer advanced trading features/charting tools and are only available in Canada.
Netcoins vs Newton: Sign up bonus
If you create a Netcoins account and trade $100+ worth of crypto, you get a $25 reward.
If you create a Newton account and trade $100+ worth of crypto, you get a $25 sign-up bonus.
Netcoins vs Newton: Table Breakdown
|Verification process||Instant & automatic||Instant & automatic|
|Funding options||Interac e-Transfer, bank wire, crypto deposits||Bank wire, Interac e-Transfer, pre-authorized debit, crypto deposits.|
|Trading fees||0.5% flat fee||Spreads of up to 2.50%|
|Availability||Only in Canada||Only in Canada|
|Security||Not clear||2FA, Bank integrations, cold storage, daily off-site backups|
|Sign up bonus||$25 if you trade $100+||$25 if you trade $100+|
Related: Binance vs Coinbase.
Disclaimer: Cryptocurrency is a volatile and speculative investment. If you decide to invest, we recommend you do your own research and only commit funds you can afford to lose. The author may own one or more of the crypto assets mentioned in this article.