Newton alternatives

Compare the best alternatives to Newton alternatives for Canadian crypto traders.

Andrew Boyd avatar
Written by
Updated 13 Jun 2025   |   Rates updated regularly

Comparing of 7 Newton alternatives

Bitbuy

On website

Featured

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.
Ndax

On 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.

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.
Coinbase

On 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.

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.
Shakepay

Not available for application via this website

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.
Wealthsimple Crypto

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.
Kraken

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.
Netcoins

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.

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