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Newton vs NDAX 2024: $50 Offer

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Newton and NDAX offer some of the best crypto trading apps and web-based interfaces in Canada.

Newton is reputed as a trusted, commission-free platform where beginners can buy, sell, and trade one of the widest selections of cryptocurrencies in Canada.

NDAX offers both basic and advanced trading features to allow beginners and pro traders to buy and sell crypto with flat competitive fees.

This Newton vs NDAX comparison takes you through their top features, supported cryptocurrencies, trading fees, pros & cons, and more.

You also learn how to get a $50 bonus when you open an account with CoinSmart.

What is Newton?

Founded in 2018, Newton is one of the best crypto exchanges in Canada for beginners that offers commission-free trading.

It’s a FINTRAC-registered Money Service Business (MSB) that’s PIPEDA-compliant.

The Toronto-based exchange offers instant account verification and allows users to buy 70+ coins with CAD at no extra deposit/withdrawal fees. It may even cover network fees up to $5 CAD.

Newton

newtonlogo

Trade several popular coins

Excellent crypto broker for newbies

Up to 2.20% trading fee

Get a $25 bonus when you trade $100

Newton Top Features

  • Offers a simple, easy-to-use interface for beginners to buy crypto instantly
  • Automatic, instant account verification so you can start trading in minutes
  • Offers commission-free trading with no extra deposit/withdrawal fees
  • Supports 70+ coins, one of the widest selections in Canada
  • Newton is a safe and legit FINTRAC-registered MSB that’s PIPEDA-compliant
  • Newton iOS and Android app to trade on the go
  • Multiple ways to fund your Newton wallet, including Interac e-Transfer, wire transfer, bank account transfer, and crypto deposits.
  • Newton Pro, where institutions and active traders can trade 100+ pairs at competitive spreads.
  • Newton referral program where users can earn up to $25 per referral

Newton Pros & Cons

Pros: Newton offers commission-free trading, free deposits/withdrawals, and a beginner-friendly interface to allow crypto newbies to trade a wide selection of 70+ coins.

Cons: Newton doesn’t offer advanced trading features or charting to experienced traders. Although you don’t pay any extra Newton fees, you’ll incur an in-built Newton spread that may run up to 1%.

Is Newton Safe?

Yes, Newton is a safe and legit crypto exchange. First, Newton is a FINTRAC-registered, PIPEDA-compliant MSB licensed to offer crypto services in Canada.

Again, the platform does its best to offer institutional-grade storage of your digital assets via daily offsite backups, 2-factor authentication, Cold storage of digital assets with Balance, and direct bank integrations to minimize fraud.

What is NDAX?

Founded in 2018, NDAX is one of the best crypto exchanges in Canada that’s based in Calgary.

The National Digital Asset Exchange (NDAX) offers basic and advanced trading interfaces, features, and tools to enable beginners and experienced traders to buy, sell, stake, and trade 31 cryptocurrencies.

Institutions and large-volume traders will also find the platform useful via NDAX Wealth, an OTC service with a deep liquidity pool to fill large orders.

Read the full NDAX review.

NDAX Top Features

  • Offers a wide selection of 30+ cryptocurrencies
  • Easy-to-use platform with basic and advanced trading interfaces to cater to both newbies and pro traders
  • NDAX Wealth offers OTC services where high-volume traders can fill large orders.
  • Multiple funding methods, including Interac e-Transfer, bank wire, bank draft, and crypto deposits
  • Same-day free deposits and 0-1 business day withdrawal settlements
  • Offers transparent, competitive flat fees of 0.2% on trades
  • NDAX staking to hold and earn interest on your digital assets
  • A majority of assets are held offline in a multi-signature wallet, with insurance protection
  • NDAX Learn, where you can learn about various digital assets offered on the platform
  • 24/7 live customer support

NDAX Pros & Cons

Pros: NDAX has competitive flat fees, free crypto & fiat deposits, and fast withdrawals.

Cons: Only Canadians can use the platform. Plus, NDAX only supports CAD as fiat and charges a flat fiat withdrawal fee of $4.99.

Is NDAX safe?

Yes, NDAX is a safe crypto exchange that’s FINTRAC-registered to offer money services in Canada. It also adheres to Canada’s top security standards and banking regulations.

To keep assets safe, NDAX sign-in uses 2FA to protect user wallets, offline cold storage of most assets, and insurance protection of assets in hot and cold storage.

Newton vs NDAX

Newton vs NDAX: Supported Cryptocurrencies

Newton supports a wider selection of 70+ coins vs NDAX’s 30+ digital assets.

The crypto list for NDAX consists of Bitcoin, Ethereum, Litecoin, Cardano, Dogecoin, Ripple, Tether, Polkadot, Aave, Stellar, The Graph, Polygon, USD Coin, Terra, Chainlink, Decentrland, Uniswap, Hedera, Fantom, EOS, Axie Infinity, and Compound.

Newton supports most of the popular cryptocurrencies and others like Enjin Coin, Balancer, Dash, Kyber Network, Zcash, 1inch, Ren, Amp, Tezos, Chiliz, Ankr, Storj, Elrond, My Neighbor Alice, and more.

Newton vs NDAX: Trading Fees

Newton offers commission-free trading with no extra deposit/withdrawal fees. Instead, Newton fees are built into the price, and you’ll incur a newton spread of up to 2.20% applied to the bid-ask price.

NDAX fees feature a simple, transparent, and competitive fee structure of 0.20% on trades. Crypto and fiat deposits are free, but there’s an NDAX fiat withdrawal fee of $4.99, and crypto withdrawal fees vary by coin.

Newton vs NDAX: Best For

Newton offers a basic easy-to-use interface and is great for crypto beginners.

NDAX offers basic and advanced trading features, hence best for both newbies and pro traders.

$50 Crypto Exchange Offer

Open a CoinSmart account and get a $50 bonus after depositing $200 or more. CoinSmart is one of the best crypto exchanges in Canada.

CoinSmart Crypto Exchange (now Bitbuy)

coinsmart logo

Top crypto exchange in Canada (now Bitbuy)

Great for new & advanced traders

Competitive trading fees

Get a $50 bonus when you deposit $250

Newton vs NDAX: Table Breakdown

FeatureNewtonNDAX
Support coins/fiat70+; only CAD as fiat30+; only CAD as fiat
Funding optionsInterac e-Transfer, bank wire, cryptoInterac e-Transfer, bank wire, bank draft, crypto deposits
Trading feesUp to 2.20% Newton fee spread0.2% on trades
Deposit/withdrawal feesFree deposits/withdrawals$4.99 flat withdrawal fee
Verification processInstantInstant
Trading platformsBasic web-based and mobile crypto trading appBasic and advanced web-based and mobile crypto trading app

Related:

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.

Best Crypto Offer This Month

Overall best crypto exchange in Canada + $50 bonus

Top registered and regulated crypto trading platform for Canadians.

$50 instant cash reward when your initial deposit is at least $250 or more.

Access over 45 popular coins and altcoins and staking to earn interest.

Competitive low trading fees for crypto and free deposits.

Get access to advanced trading tools.

Access nearly 80 crypto assets with one-click trading + $20 bonus

Instant deposit with e-Transfer and supports CAD and USD.

$20 bonus when you verify your account and deposit at least $100.

Offers over 80 crypto assets.

0.50% to 2% trading fees; free fiat deposits and withdrawals.

Author

Gravatar for Enoch Omololu, MSc (Econ)
Enoch Omololu, MSc (Econ)

Enoch Omololu, personal finance expert, author, and founder of Savvy New Canadians, has written about money matters for over 10 years. Enoch has an MSc (Econ) degree in Finance and Investment Management from the University of Aberdeen Business School and has completed the Canadian Securities Course. His expertise has been highlighted in major publications like Forbes, Globe and Mail, Business Insider, CBC News, Toronto Star, Financial Post, CTV News, TD Direct Investing, Canadian Securities Exchange, and many others. Enoch is passionate about helping others win with their finances and recently created a practical investing course for beginners. You can read his full author bio.

About Savvy New Canadians

Savvy New Canadians is one of Canada's top personal finance platforms. Millions of Canadians use our site each year to learn how to save for retirement, invest smartly, maximize rewards, and earn extra cash. We have been featured in prominent finance media, including Forbes, Globe and Mail, Business Insider, CBC, MSN, Wealthsimple, and TD Direct Investing. Learn more about Savvy New Canadians.

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