Newton is a solid Canadian cryptocurrency exchange that supports a wide variety of digital assets inside its attractive mobile app and desktop platforms. Newton is currently offering a $25 signup bonus with the referral code Z60U58 (or by using our link), though it's worth noting that users don't like Newton's lack of transparency and high spreads, which sit around 1.5% – 2% on Bitcoin and are well above 2% on most other coins, making it quite an expensive exchange to trade with.
For a better overall trading experience with significantly lower fees, I recommend opening an account with Kraken, my #1-ranked Canadian crypto exchange. Kraken has 250,000+ satisfied users, charges very low trading fees, and is offering a $10 signup bonus (no referral code required) from now until December 10, 2023.
How To Use Your Newton Referral Code
Newton offers a referral program for new and existing users; when you sign up using the referral code Z60U58, you will receive a bonus of $25. The only requirement is to buy or sell $100 worth of crypto – additionally, Newton offers a 48 hour grace period to use a referral code after you create your account.
To use the promo code:- Visit Newton‘s website. Click on the Get Started button.
- Confirm your email address and create a password.
- Fill in some of your basic information and use the referral code Z60U58 when prompted.
- Verify your identity and fund your account. You will receive the bonus after you fund your account.
What Is Newton?
Newton is a Canadian cryptocurrency exchange based in Toronto. It was founded in 2018, and offers one of the largest arrays of cryptocurrencies of any Canadian exchange.
Some of Newton's top features include third-party custody, instant account verification, and zero deposit or withdrawal fees. Newton conducts daily offline site backups, has top-of-the-line storage software for digital assets, and leverages direct bank integration to ensure all bank transfers are quick and secure.
What Coins Does Newton Offer?
Newton has a very wide array of supported cryptocurrencies. Some of these include Bitcoin, Ethereum, Ripple, Cardano, Solana, Dogecoin, and Litecoin, among many others. For the full list, you can read our full Newton review.
Newton Fees
Newton doesn’t charge any “trading fees” or fees for depositing or withdrawing funds, though it does charge spreads, which are quite high compared to the rest of the industry.
Here's a comparison of current spreads for Newton and our #1-ranked exchange, CoinSmart:
Like VirgoCX, Shakepay is a commission-free crypto exchange that makes its money from bid-ask spreads. Those spreads are high in the case of Newton (in the same range as Shakepay's), and they change dynamically in reaction to market conditions—so they may be slightly lower or higher than the values you see on the table when you make a trade. Conversely, CoinSmart's spreads are stable at 0.2%.
If you transfer cryptocurrency out of your Newton wallet into an external cryptocurrency wallet, Newton will cover the first $5 in-network fees. This means that you'll pay the actual network fee cost (minus $5), and you can always see the cost breakdown before you confirm your order.
Trade crypto with the lowest fees
Claim your account by December 10, 2023 to get exclusive access to this special deal.
Newton Features
Newton's top features include:- Instant account verification.
- Zero deposit or withdrawal fees on fiat transactions.
- Third-party custody with Balance (for keeping coins in cold storage)
- User-friendly mobile app and desktop platform
How To Sign Up With Newton
#1 Visit Newton‘s website. Click on the Get Started button.
#2 Fill in your email address and create a password. You'll need to verify your email in the next step.
#3 After verifying your email, you'll be prompted to enter your mobile number. When prompted, use the referral code Z60U58. If you were unable to use the code during the sign-up process, you have 48 hours after signing up to enter it manually. Head to the Referral section of the app to do this.
#4 The next step is the verification process. Click Get Started to begin.
#5 Fill in your basic information, including name, address, and date of birth.
#6 To complete the verification, you'll have to submit a photo ID such as your passport or driver’s license. Finally, fund your account to start trading.
Newton’s Referral Program
You can find your referral code in the Newton dashboard, and can track how much you’ve earned, the number of referrals, and more. You and your referee will receive a $25 bonus after they fund their account with $100. With your code you can:- Share your code via text, email, or to your social media audience.
- Once a referee funds their account with $100, both of you will receive a $25 bonus.
- There’s no limit to how many people you can invite.
Is Newton Safe?
For starters, you should know that trading in cryptocurrencies is always risky, no matter what platform you use to do so. However, Newton is a safe cryptocurrency exchange to use. It allows you to set up two-factor authentication to protect your account, and it has a partnership with Balance, a professional third-party custodian that holds the digital assets of all Newton users offline.Is Newton Legal In Canada?
Yes. Newton is registered as a Money Service Business (MSB) through the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), which means that its subject to this entity’s regulations.Introducing Kraken: Our #1-Rated Crypto Exchange In Canada
Solid Option
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Total Fees: ~3.2% |
★★★★
Rated 4.0/5
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VirgoCX doesn't charge any trading fees, deposit fees or withdrawal fees—yet its extremely high spreads make it one of the more expensive crypto exchanges in Canada. Those spreads are generally around 3.2%, which means you pay 20x the fees as you would trading with Kraken, which is absurd.
Aside from the high fees, though, VirgoCX is a great exchange. Its trading platform and mobile app are intuitive and easy to use (even for beginners), it supports 50+ cryptocurrencies, and it offers 24/7 customer support via live chat and email, plus an extensive FAQ section on its site.
VirgoCX covers the first $6 in mining fees on crypto withdrawals, which means you generally won't pay anything to withdraw crypto. For security, VirgoCX maintains a 95% cold storage policy and requires 2-factor authentication on all accounts.
As a new VirgoCX user, you'll receive a $20 bonus upon funding your account with $100 or more.
If working with an easy to use platform is important to you, VirgoCX is a solid choice.Features
- Supports 50+ cryptocurrencies
- Free fiat deposits and withdrawals
- Free deposits and withdrawals on most cryptocurrencies
- 24/7 support available via live chat and email
- User-friendly for both beginners and more advanced traders
- 95% cold storage policy
- Regulated by FINTRAC
Cost
- Trading Fees: 0%
- Spreads: 2% – 3.5%
- Fiat Deposit Fee: 0%
- Fiat Withdrawal Fee: 0%
Signup Bonus
$20 when you deposit $100Best For
Crypto investors who choose not to sign up with Kraken.In Summary
Newton is a solid Canadian cryptocurrency exchange that supports a wide variety of digital assets inside its attractive mobile app and desktop platforms. Newton is currently offering a $25 signup bonus with the referral code Z60U58 (or by using our link), though it's worth noting that users don't like Newton's lack of transparency and high spreads, which sit around 1.5% – 2% on Bitcoin and are well above 2% on most other coins, making it quite an expensive exchange to trade with.
There are several good alternatives to Shakepay, including Bitbuy and CoinSmart, which are good and secure exchanges that offer good rates. But even those aren't the best exchanges in Canada.
For a better overall trading experience with significantly lower fees, I recommend opening an account with Kraken, my #1-ranked Canadian crypto exchange. Kraken has 250,000+ satisfied users, charges very low trading fees, and is offering a $10 signup bonus (no referral code required) from now until December 10, 2023.
