What Is Newton?
It's one of the best fiat on/off ramps in Canada and recently, they expanded into the USA to offer their services. While they don't offer the most features or altcoins like FTX or KuCoin, Newton is a great fiat on and off ramp that is easy to use.
- Founded in 2018 and launched in USA in 2022
- Trusted by 500,000 users in Canada
- Transparent with their spreads
- Valued at over $250 million
Newton's Best Features
Newton doesn't offer the most features like staking, advanced trading, crypto debit cards and more. However, that's because they're focused on being a low-cost platform that is easy to use. They do a good job at being a simple, inexpensive fiat on/off ramp. Here are its best features:
How To Fund Your Account
You can deposit USD into your Newton account via ACH bank transfer for free (up to 4 days). The other option is wire transfer which is also free, however there might be fees fro your bank.
The Bottom Line
Newton has a great UX, 20+ coins and low fees (including spreads). While Newton doesn't offer many altcoins or features like some of the other crypto exchanges, it can be a great fiat on/off ramp.
Since Newton has free deposits, low spreads, and cheap crypto withdrawals, it's a great platform to buy crypto with USD. And then you can transfer it to other wallets, Dapps, and exchanges. The platform has grown quickly in Canada and if they keep adding coins and features, it could become popular in the U.S. as well.