This FAQ answers common questions about Newton Crypto, a user-friendly Canadian cryptocurrency exchange. Whether you're new to crypto or considering Newton for trading, this guide covers basics, features, fees, and more.

What is Newton Crypto?

Newton Crypto is a Canadian cryptocurrency exchange that allows users to buy, sell, and trade digital assets with a simple, beginner-friendly interface.

Founded in 2018, Newton is known for its low fees, instant funding options, and support for over 50 cryptocurrencies. It is regulated as a Money Services Business (MSB) in Canada, providing a secure platform for Canadians to enter the crypto space.

How does Newton Crypto work?

Newton works as a trading platform where users can deposit Canadian dollars (CAD) via e-Transfer, wire transfer, or debit card, and then buy cryptocurrencies instantly.

The platform uses a 'spread' model instead of traditional trading fees, meaning the price you see includes a small markup. This makes pricing transparent and easy to understand for beginners. Newton also offers a web and mobile app for trading on the go.

What are the fees on Newton Crypto?

Newton charges no trading fees but makes money through a spread on buy/sell prices, typically around 0.5% to 0.6%.

This is often lower than traditional exchanges that charge 0.1% to 0.25% per trade. However, there may be third-party fees for debit card purchases or network fees for crypto withdrawals. Always check the current spread on the platform before trading.

Is Newton Crypto safe and regulated?

Yes, Newton is registered as a Money Services Business with FINTRAC in Canada and follows strict regulatory compliance.

It also stores the majority of customer funds in cold storage and offers two-factor authentication (2FA) for account security. While no platform is risk-free, Newton's regulatory status and security measures make it a trusted choice for Canadian users.

What cryptocurrencies are available on Newton?

Newton supports over 50 cryptocurrencies, including major assets like Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC), as well as popular altcoins like Cardano (ADA) and Solana (SOL).

The selection is curated to include both established and emerging projects. You can view the full list on the Newton website or app, and new assets are added regularly based on demand.

How to buy crypto on Newton for beginners?

To buy crypto on Newton, first create an account and complete identity verification, then deposit CAD via e-Transfer (usually free) or debit card.

  • Deposit funds into your Newton account.
  • Choose the cryptocurrency you want to buy.
  • Enter the amount in CAD or crypto.
  • Review the total cost and confirm the purchase.

Your crypto will appear in your Newton wallet instantly, and you can hold it there or withdraw it to an external wallet.

What are the pros and cons of Newton Crypto?

Newton's pros include no trading fees, a user-friendly interface, and fast e-Transfer funding, while its cons include limited cryptocurrency selection compared to global exchanges and availability only in Canada.

Pros:

  • No explicit trading fees (spread-based pricing)
  • Beginner-friendly and easy to navigate
  • Regulated in Canada
  • Free e-Transfer deposits

Cons:

  • Only available to Canadian residents
  • Fewer cryptocurrencies than some compe*****s
  • Spreads may be higher than exchange fees for active traders

How does Newton compare to other Canadian exchanges like Shakepay or Coinbase?

Newton offers a wider selection of cryptocurrencies than Shakepay (which focuses on BTC and ETH) and often has lower spreads than Coinbase, but Coinbase provides a more global platform and educational resources.

For Canadian beginners, Newton is often preferred for its simple fee structure and support for multiple assets. Shakepay is simpler but limited, while Coinbase is more advanced but may have higher fees. Your choice depends on your priorities: asset variety, cost, or interface.

What is the minimum amount to start on Newton?

The minimum deposit on Newton is $20 CAD, making it accessible for small investments.

There is no minimum trade amount, so you can buy as little as $1 worth of crypto. This low barrier is ideal for beginners who want to start small and learn the ropes. However, note that e-Transfer deposits typically have a daily limit (e.g., $10,000) depending on your bank.

Final Thoughts

Newton Crypto is a solid choice for Canadian beginners seeking a straightforward, low-cost entry into cryptocurrency trading. Its spread-based pricing eliminates confusing fee structures, and its regulatory compliance adds peace of mind.

Remember that all crypto investments carry risk, and it's important to do your own research. Newton makes it easy to start, but always consider your financial situation and long-term goals. If you're in Canada, Newton is definitely worth trying.