Newton vs. NDAX

We put over 50 apps to the test to find the best Canadian crypto exchanges in 2024. Explore the results below to find the best platform for your needs.

Updated January 2024   |  Affiliate Disclosure

Currently, Newton and NDAX are among the best crypto exchanges for Canadians. Both are great choices but in this comparison, we'll help you find the right one for your specific needs.

To find the best crypto exchange in Canada, I tested over 60 features for each platform across safety, features, number of coins, deposit methods, and more.

Bottom Line:

  • Use NDAX if you want advanced trading, 30+ coins and the lowest spreads and total purchase fees in Canada.
  • Use Newton if you want 75+ altcoins, cheaper crypto withdrawals, and a better user-interface.
Newton.co

About Newton

Newton is a low-cost, easy-to-use platform with over 75 coins. Its main selling point is a great user-interface with lots of altcoins for a Canadian platform.

Pros & Cons

  • Low fees all-around: $5 off crypto withdrawal fees, free CAD deposit/withdrawals, zero trading fees.
  • 0.69% total purchase fee (3rd place out of 18)
  • 75+ coins offered
  • Great user-interface
  • Spread fees have doubled over the years
  • No advanced trading
  • Limited features overall
  • Slow customer support in our experience
NDAX.io

About NDAX

NDAX is a Calgary-based platform with beginner and advanced trading, 0.20% trading fees, 30+ coins and more. Its main selling point is advanced trading and some of the lowest fees in Canada.

Pros & Cons

  • 0.49% total purchase fee (1st place out of 18)
  • 0.35% spread for Bitcoin when tested (6th place)
  • Beginner and Advanced trading
  • Staking for ADA, ETH and DOT
  • Only 30+ coins
  • Fixed $4.99 fee for CAD withdrawals and higher crypto withdrawal fees
  • High staking fees (20%)

Overview

How We Tested

To collect this info, we used real, KYC-verified accounts. We then broke it down into 5 categories: Fees, Features, Deposit & Withdrawals, Security and Ease of Use.

RankFi tracks dozens of crypto products. Lean more about our methodology here.

Coins Offered

75+

30+

Total BTC Purchase Fee

0.69%

0.49%

Total BTC Selling Fee

0.64%

0.26% + $4.99

CAD Trading Pairs?

CAD Deposit Fees

Free

Free

Interac e-Transfer?

Beginner Friendly

Advanced Trading

🚫

BTC Withdrawal Fee

Usually free (Newton covers first $5 in fees)

0.000399 BTC

Headquarters

 🇨🇦 Toronto, Ontario

 🇨🇦 Calgary, Alberta

💰 Promotion

$25 free when you trade $100

$10 free when you deposit $100

Sign Up

Features

Best Features Overall

Cell

✅ Winner

Number of Features

<5

10+

Coins

75+

30+

Mobile App

Web App

Beginner Trading

Advanced Trading

🚫

Staking

🚫 (soon)

Lending/Borrowing

🚫

🚫

Other Rewards

🚫

🚫

Crypto Credit Card

🚫

🚫

Margin Trading

🚫

🚫

Futures

🚫

🚫

OTC

🚫

Native Token

🚫

🚫

Affiliate Program

✅ Yes (earn $25 when your friend trades $100)

✅ Yes (earn $10-$25 when your friend deposits $100 + 10% commissions for 1 year)

24/7 Support

🚫 No

🚫 No

Sign Up

Fees & Spread

More Information

Both platforms were tested on Mar 2, 2022 at the same time and numbers are subject to change.

  • Total BTC Purchase Fee = CAD Deposit Fee + Trading Fee + Buy Reference Price Difference
  • Total BTC Selling Fee = CAD Withdrawal Fee + Trading Fee + Sell Reference Price Difference

Best Fees Overall

Cell

✅ Winner

*Total BTC Purchase Fee

0.69%

0.49%

*Total BTC Selling Fee

0.64%

0.26% + $4.99

CAD Deposit Fee

Free

Free

CAD Withdrawal Fee

Free

$4.99 (Fixed)

Trading Fee

Free

0.20%

Spread (BTC)

1.34%

0.35%

Ref. Price Difference

Buy: +0.69%

Sell: -0.64%

Buy: +0.29%

Sell: -0.06%

BTC Buy Price

$56,160

$55,936

BTC Sell Price

$55,418

$55,738

Reference Price (Google)

$55,774

$55,774

Sign Up

Deposits & Withdrawals

Best Overall

✅ Winner

Cell

Funding Options

E-Transfer

Free

Nearly Instant

$0 min - $10k max


Wire Transfer

Free

3-4 days

$1M limit


Direct Bank Transfer

Free

2-4 days

E-Transfer

Free

Nearly Instant

$0 min - $10k max


Wire Transfer

Free

0-1 day

No limits


Bank Draft

Free

0-1 day

No limits

Withdrawal Options

E-Transfer

Free

Nearly Instant

$0 min - $10k max


Direct Bank Transfer

Free

2-4 days

$50k limit

Wire Transfer

$4.99 fee

0-1 day

No limits


Direct Bank Transfer

$4.99 fee

0-1 day

No limits

BTC Withdrawal Fee

Usually free (Newton covers first $5 in fees)

0.000399 BTC

ETH Withdrawal Fee

Network fees (Newton covers first $5)

0.0099 ETH

Security

Best Security Overall

Cell

✅ Winner

Safe?

Year Founded

2018

2018

Uses Cold Storage?

FINTRAC Regulated

Insurance Policy

✅ ($13M)

Any Hacks or Incidents?

🚫

🚫

2FA

Address Whitelisting

🚫

View Login History

🚫

Crypto Withdrawals Allowed

KYC

✅ (Mandatory)

✅ (Mandatory)

Publicly Traded

🚫 No

🚫 No

Headquarters

 🇨🇦 Toronto, Ontario

 🇨🇦 Calgary, Alberta

User Interface

Newton

NDAX

NDAX or Newton?

Both choices are great and have low-fees. NDAX is better if you want advanced features and the lowest all-in fees (hidden fees included). Newton is better if you want more altcoins (75+), cheap crypto withdrawals, and the best U/X.

Sign Up:

Newton.co

Get $25 free when you trade $100

NDAX.io

Get $10 free when you deposit $100

Author

Alex is the owner of RankFi.com, where he covers all things finance, Web3, and cryptocurrency. He has been investing in Bitcoin and cryptocurrencies since 2017.


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