Everything Canadians need to know about Newton — fees, security, coin selection, and how it stacks up against other Canadian exchanges.
KOHO is the smart choice for your CAD spending while you invest in crypto. No monthly fees, instant e-transfers, earn cash back on everyday purchases.
Get KOHO Free — Code 45ET55JSYA| Feature | Details |
|---|---|
| Founded | 2018 — Toronto, Ontario |
| FINTRAC Registered | Yes (MSB) |
| Coins Available | 100+ |
| Trading Fee | Spread-based (~0.5–1%) |
| Deposit Methods | Interac e-Transfer, bank wire |
| Withdrawal | CAD bank transfer; crypto to external wallets |
| Mobile App | iOS and Android |
| CDIC Insured | No (crypto not eligible) |
Newton does not charge explicit trading commissions. Instead, it makes money through the bid-ask spread — the difference between the price you buy at and the price you'd sell at simultaneously. This spread is typically around 0.5% on major coins like BTC and ETH, and slightly higher on smaller altcoins.
There are no deposit fees for Interac e-Transfer or bank wire. Crypto withdrawal fees vary by coin (standard network fees apply). CAD withdrawal to your bank account is free and typically processed within 1-2 business days.
Buying $100 CAD of Bitcoin: Newton might show a BTC price of $105,000 while the market price is ~$104,475. You pay approximately $525 in spread (0.5%) — this is the "fee," though it's baked into the price rather than shown separately.
Newton stores the majority of customer funds in cold storage — offline hardware wallets that are not connected to the internet. A small percentage of assets are held in hot wallets to facilitate withdrawals. The company is based in Canada, subject to FINTRAC oversight, and conducts regular security audits.
User account security features include two-factor authentication (2FA) via authenticator app, email verification for withdrawals, and IP monitoring. There is no insurance on crypto holdings (similar to all Canadian exchanges), so withdrawing large amounts to your own hardware wallet remains the safest long-term storage strategy. See our cold wallet guide.
| Feature | Newton | Shakepay | Bitbuy | Wealthsimple |
|---|---|---|---|---|
| Coins | 100+ | 2 (BTC, ETH) | 30+ | 50+ |
| Fees (approx) | ~0.5% spread | ~1.5% spread | 0.2-0.3% + spread | ~1.5% spread |
| Crypto withdrawal | Yes | Yes | Yes | No |
| Advanced trading | No | No | Yes | No |
| Best for | General use | BTC only | Pro traders | Beginners |
Newton provides CSV transaction exports from your account settings. These include all buy, sell, and transfer transactions with timestamps and prices — essential for CRA reporting. Most major crypto tax software (Koinly, CoinTracker) supports Newton CSV imports. See our crypto tax guide for full reporting instructions.