Newton alternatives

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

By   |   Updated 22 Nov 2022

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Comparing 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

  • You can earn a signup bonus.
  • Competitive trading fees.
  • Assets are insured and held in cold storage.
  • User-friendly website and mobile app.

Cons

  • Deposit and withdrawal fees apply.
NDAX

On website

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

  • Competitive trading fees at 0.2% for both selling and buying cryptocurrencies.
  • Get 24/7 customer support.
  • Earn by referring a friend.

Cons

  • Other exchanges have a larger choice of digital assets to trade.
  • Only available to Canadian residents
Coinberry

On website

Coinberry

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.

Pros

  • Easy sign-up process and instant verification.
  • No fees to deposit or withdraw fiat.
  • There is a $200 million crypto asset insurance.
  • Easy to use mobile app.

Cons

  • Limited choice of altcoins.
  • High trading spreads.
CoinSmart

On website

CoinSmart

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.

Pros

  • Low trading fees.
  • Deposits are cleared within the day.
  • Supports CAD, EUR, and USD.
  • Get 24/7 customer support.

Cons

  • Limited coins.
  • Fee applies to credit card and debit card deposits.
Coinbase

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

  • Get access to a wide variety of altcoins.
  • Start trading with as little as $2.
  • Offers Coinbase card which allows you to spend crypto anywhere.

Cons

  • Fees are higher compared to other exchanges.
Binance

On 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.

Pros

  • It has some of the lowest trading fees out there. 0.1% for spot trading and 0.5% for instant buy or sell fees.
  • Credit card or debit card deposits are accepted.
  • Provides charting and trading tools suitable for advanced crypto traders.

Cons

  • The platform UI can be complicated to learn for new investors.
Shakepay

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

  • Free transfers through Interac e-Transfer.
  • Commission-free.
  • Earn rewards.

Cons

  • Supports only Bitcoin and Ethereum.
  • Only available to Canadian residents
Wealthsimple Crypto

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

  • No commission.
  • No fees for transferring funds.
  • Availability of educational resources.
  • Perfect for beginners.

Cons

  • Accepts only 2 fiat currencies.
  • High spreads may apply.
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

  • Large selection of tokens to trade.
  • Earn rewards by staking eligible assets.
  • Access to a range of educational materials.

Cons

  • Limited options to fund your account.
Netcoins

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 process.
  • Free cash deposits and withdrawals
  • Competitive trading fee.
  • Supports CAD and USD funding.

Cons

  • Limited selection of cryptocurrencies.