Newton has become a popular choice for crypto investors in Canada. But does it live up to the hype? In this review, we took a deep look at Newton and tested over 60 variables on fees, security, features, and more.
This is also part of a larger review where I tested 20 Canadian cryptocurrency exchanges. This post will explain how Newton stacks up to the competition and why it's one of the top platforms for Canadians.
Newton is a low-cost cryptocurrency exchange for Canadians. While they don't offer the most features like Binance or KuCoin, it's one of the best fiat on-ramps and off-ramps in Canada. The spreads are low and almost everything is free like the trading fees and CAD deposits/withdrawals. And you still get 70+ cryptocurrencies to choose from.
They are a Toronto-based company that was founded in 2018. In a relatively short period of time, they have become one of the top crypto platforms for Canadians with 200,000 users.
After reviewing Newton, I like how they are transparent with their fees and spreads. While many companies say they have "low fees" and "crypto at true cost," they usually charge you hidden fees in the spread. Newton publishes their spreads in real-time at Newton.co/prices so everyone can see. And for Bitcoin, the spreads were among the best in Canada.
- Newton was Founded in 2018
- Trusted by 200,000 Canadians
- Transparent with their spreads
- Valued at over $250 million