Newton alternatives
Compare the best alternatives to Newton alternatives for Canadian crypto traders.
By Andrew Boyd | Updated 7th June 2022
Comparing Newton alternatives
On Bitbuy's website
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.
On NDAX's website
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.
On Coinberry's website
Highlights
- Newton is significantly cheaper than Coinberry to trade and withdraw funds.
- Both exchanges have a fairly limited range of tradable coins, although Newton tends to add coins regularly.
- Both the exchanges use third-party cold storage facilities, with Coinberry using Gemini.
On CoinSmart's website
Highlights
- Trading and withdrawal fees are higher on Newton versus CoinSmart.
- There are more cryptocurrencies to trade on Newton compared to CoinSmart.
- Both exchanges are suitable for beginners, with Newton’s design being of notably high quality.
On Coinbase's website
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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.
On Binance's website
Binance
Highlights
- Binance has a substantially larger crypto market compared to Newton.
- Binance caters towards experienced traders who want access to more exotic altcoins. Newton has more mainstream appeal.
- Due to regulatory issues, Binance is unavailable in some areas of Canada. Newton is available nationally.
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.
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.
On Kraken's 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.
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.
