Newton alternatives - Find competing exchanges for Canadians

Comparing of 7 Newton alternatives

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Bitbuy

Highlights

Trading and withdrawing funds from Bitbuy is more expensive than it is on Newton.
There’s a similar number of tradable coins on Newton and Bitbuy.
Both exchanges feature a straightforward layout and design, making them suitable for beginners.
Digital assets are kept in cold storage at both exchanges.

Pros

Fee discounts kick in when you trade more — helpful if you’re regularly moving large amounts.
No charge to deposit crypto or CAD, and withdrawing CAD through Interac is also free.
Most digital assets are kept offline in cold storage with regular security audits.
The Pro platform supports advanced order types, charts, and real-time execution — ideal if you’re looking to step up your trading

Cons

Express trades can be costly, especially if you’re just making small or occasional transactions.
Crypto withdrawals (especially ETH or ERC-20 tokens) can get expensive.
Coin selection is relatively limited compared to global platforms.

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Ndax

Highlights

Newton’s range of cryptocurrencies is more substantial than what’s available on NDAX, making it excellent for those seeking diversity.
NDAX is more expensive for trading and withdrawing funds.
Both exchanges are appropriate for beginners and store digital assets in cold storage facilities.

Pros

You can fund your account with CAD through Interac, bank transfer, or wire — no need to convert currencies.
Offers a clean, intuitive interface that’s friendly to both beginners and experienced traders.
Supports a solid list of popular cryptocurrencies, including Bitcoin, Ethereum, Cardano, and more.
Cold storage is used to keep the majority of client funds secure offline.
Registered with FINTRAC and held to Canadian AML standards, giving it strong credibility locally.

Cons

The flat 0.20% trading fee is competitive but not the lowest in the market.
No staking or interest-earning options, which could matter to users looking for passive income.
Its mobile app works well for basic tasks, but lacks some of the more advanced charting tools on desktop.

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On website

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Coinbase

Highlights

Coinbase has a bigger choice of tradable coins compared to Newton.
Coinbase's fees schedule is opaque in comparison to Newton's.
The user experience at both Newton and Coinbase is suitable for both novice and experienced traders.
Both exchanges use cold storage to keep user’s digital assets safe.

Pros

The interface is clean, simple, and ideal for beginners—one of the easiest ways for Canadians to get started with crypto.
Strong focus on security, with 2FA, cold storage, and insurance on custodial assets.
You can earn small amounts of crypto through educational mini-courses via Coinbase Earn.
Supports Apple Pay and Google Pay, making fiat-to-crypto purchases more convenient

Cons

Trading fees are high compared to other platforms—best for small, infrequent buys.
No advanced features like futures or margin trading.
Limited customer support options, and response times can be slow during peak periods.

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Not available for application via this website

Shakepay

Highlights

Newton’s choice of tradable cryptocurrencies is better than Shakepay’s.
Shakepay does not charge a trading fee, but each transaction incurs a spread fee. Shakepay does not charge any fees for deposits or withdrawals.
Both exchanges store digital assets using offline cold storage facilities.

Pros

One of the fastest ways to buy BTC or ETH in Canada.
Shakepay Card lets you earn Bitcoin cashback on everyday purchases.
Strong track record of security, with 2FA, biometric logins, and insurance on assets held in custody.
Clean, mobile-first app makes it easy to manage trades and transfers on the go.
Solid customer support via in-app chat with good response times.
Regulated by FINTRAC, with crypto assets held securely in cold storage.

Cons

Supports only Bitcoin and Ethereum.
No advanced trading features like limit orders or technical charting tools.
Spread-based pricing means you may not get the absolute best market rate.

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Not available for application via this website

Wealthsimple Crypto

Highlights

Sign up in minutes with $0 deposit required.
No fees to deposit or withdraw funds.
Digital assets held in cold storage and insured by Gemini Trust Company.

Pros

Ideal for new investors.
Real-time price tracking and instant trades are available with no minimum balance.
Automatically tracks gains and losses for tax time with integrated reports.
Responsive local support and a growing knowledge base tailored to Canadian crypto laws and concerns.
Registered with FINTRAC and CIPF-backed, providing added regulatory comfort for Canadian users.

Cons

Charges a spread of up to 2% per transaction, which is higher than some global platforms.
Crypto withdrawals to external wallets are limited.
No advanced charting tools or trading features for technical users.

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On website

Kraken

Highlights

Trade more coins on Kraken than on Newton.
Newton's trading and withdrawal fees are lower than they are on Kraken.
Both exchanges are suitable for beginner crypto traders.
Offline cold storage is used by both exchanges.

Pros

Great for building a diversified or DeFi-focused portfolio.
Advanced traders benefit from maker/taker pricing that becomes competitive as volumes grow.
Security is top-tier.
You can stake coins directly through Kraken with flexible terms.

Cons

Interac e‑Transfer deposits carry a 0.5% fee, and withdrawals have a $10 charge, higher than some Canadian peers.
Instant buy fees are steep.
Deposit and withdrawal processes can be confusing and slow, with some users seeing delays of up to several days.
No native Canadian tax-reporting tools on the platform.

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Not available for application via this website

Netcoins

Highlights

Create an account and get verified in minutes at Netcoins, just like you can with Newton.
Fund your account with $0 fees through a cryptocurrency deposit, Interac e-Transfer, online bill payment or bank wire transfer.
With price alerts, stay in the loop on those big moves.

Pros

Fast verification and funding make it easy to start trading within minutes.
Transparent fee structure with no surprises on deposits or withdrawals.
Offers both hot and cold wallet storage, with most client assets kept offline for added protection.
Earn interest on select crypto holdings through Netcoins Earn, with competitive rates.
Strong focus on regulatory compliance and security, including 2FA and regular audits.

Cons

Smaller crypto selection compared to global platforms.
No advanced charting or trading tools, making it less suitable for active or technical traders.
Interest-earning feature is only available on a limited number of supported coins.