Newton is a cryptocurrency brokerage platform in Canada. It is available via a web interface and on iOS and Android smartphone devices.
Since its founding in 2018, the Newton crypto platform has become popular for its large selection of coins as well as no-fee trading offer.
When you open an account using our Newton promo code (S1W78J) or referral link, you get a $25 cash bonus after trading at least $100 worth of crypto.
Newton Referral Promo Code
Newton rewards new clients when they sign up using a valid referral link, complete the verification process, and trade $100 or more.
After ticking all the eligibility criteria, you get $25 deposited into your account. As a client, you can also refer others by sharing your custom Newton promo code (such as S1W78J) or referral link with them via social media.
When they buy or sell $100 worth of crypto, you both receive a $25 bonus.
You can refer as many people as you’d like.
How Does Newton Work?
Crypto traders can use Newton to buy and sell 70+ different cryptocurrency coins and tokens including BTC, ETH, XRP, LTC, and DOGE.
Here’s a partial listing:
|Bitcoin||Dogecoin||Bitcoin Cash||Kyber Network|
|Curve Dao||Yearn Finance||Axie Infinity||Algorand|
|Cardano||PAX Gold||Ox||OMG Network|
|Maker DAO||Enjin Coin||Balancer||Terra|
To get started, sign up here and confirm your phone number
Instant verification is available for most clients. If the system is unable to verify your identity, you will be asked to provide extra documentation, such as proof of address and a government-issued ID.
After this is completed, you can fund your account via Interac e-Transfer, bank wire, or by depositing crypto from an external wallet.
Newton does not charge fees when you deposit or withdraw funds. It also does not have trading fees.
When you make a transaction on the platform (buy or sell), you pay a price spread that ranges from 0.50% to 0.70%.
This is the only ‘fee’ on the Newton exchange.
Is Newton Crypto Safe?
Newton protects client accounts using encryption technology and 2-factor authentication.
It stores a majority of the crypto assets on the platform offline in cold wallets so they can’t be accessed by hackers.
As per its website, Newton is regulated by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC).
That said, crypto investors should note that their investments do not qualify for protection by the Canadian Investor Protection Fund (CIPF).
Pros of Newton
Newton clients enjoy the following benefits:
- Access to multiple coins on one platform
- No fee for withdrawals and deposits
- Beginner-friendly platform with one-click trades
- Cold storage protection and 2-FA
- Availability on all devices
- Instant verification
Cons of Newton
- There is no fixed trading fee and price spreads are up to 0.70%
- Accepts only Canadian dollar fiat
- Not for very advanced traders as trading tools are basic.
Newton vs. CoinSmart
CoinSmart is the top Canadian crypto exchange on this list. It offers multiple coins and has one of the lowest crypto trading fees in Canada at 0.20%.
You can fund your NDAX account using Interac e-Transfer, bank wire, bank draft, credit card, and crypto deposits.
Newton vs. Bitbuy
Bitbuy was one of the first crypto trading platforms in Canada. It supports 20+ coins including BTC, ETH, LTC, XLM, EOX, LINK, AAVE, XRP, and BCH.
Its trading fee ranges from 0.1-0.2% and there is a 0.5-1.5% fee for deposits and withdrawals.
Newton vs. Shakepay
Shakepay is a crypto brokerage based in Montreal. Since it was launched in 2015, Shakepay has served more than 600,000 Canadians.
It only supports Bitcoin and Ethereum trading.
Shakepay has no trading fees, and withdrawals/deposits are also free. That said, there is a variable price spread for every transaction.
Promotion: Get a $30 bonus when you open an account and buy at least $100 worth of crypto (promo code Q5USOTB).
Newton vs. Wealthsimple Crypto
Wealthsimple Crypto is a crypto trading platform owned by one of Canada’s largest wealth management companies, Wealthsimple.
It supports 50+ coins and you can fund your account using electronic funds transfer. The platform is available via a web interface as well as versatile mobile apps on iOS and Android devices.
Newton Referral Program
Our Newton promo code (S1W78J) and referral link give you a $25 cash bonus when you sign up. Learn more about the Newton referral program.