Newton Referral Code + $50 Bonus Inside

December 1, 2022
Blog

Newton is a solid Canadian cryptocurrency exchange that supports a wide variety of digital assets inside its attractive mobile app and desktop platforms. Newton is currently offering a $25 signup bonus with the referral code Z60U58 (or by using our link), though it's worth noting that users don't like Newton's lack of transparency and high spreads, which sit around 1.5% – 2% on Bitcoin and are well above 2% on most other coins, making it quite an expensive exchange to trade with.

For a better overall trading experience with significantly lower fees, I recommend opening an account with Kraken, my #1-ranked Canadian crypto exchange. Kraken has 250,000+ satisfied users, charges very low trading fees, and is offering a $10 signup bonus (no referral code required) from now until May 25, 2024.

How To Use Your Newton Referral Code

Newton offers a referral program for new and existing users; when you sign up using the referral code Z60U58, you will receive a bonus of $25. The only requirement is to buy or sell $100 worth of crypto – additionally, Newton offers a 48 hour grace period to use a referral code after you create your account.

To use the promo code:

  • Visit Newton‘s website. Click on the Get Started button. 
  • Confirm your email address and create a password. 
  • Fill in some of your basic information and use the referral code Z60U58 when prompted.
  • Verify your identity and fund your account. You will receive the bonus after you fund your account.

What Is Newton?

Newton is a Canadian cryptocurrency exchange based in Toronto. It was founded in 2018, and offers one of the largest arrays of cryptocurrencies of any Canadian exchange.

Some of Newton's top features include third-party custody, instant account verification, and zero deposit or withdrawal fees. Newton conducts daily offline site backups, has top-of-the-line storage software for digital assets, and leverages direct bank integration to ensure all bank transfers are quick and secure.

What Coins Does Newton Offer?

Newton has a very wide array of supported cryptocurrencies. Some of these include Bitcoin, Ethereum, Ripple, Cardano, Solana, Dogecoin, and Litecoin, among many others. For the full list, you can read our full Newton review.

Newton Fees

Newton doesn’t charge any “trading fees” or fees for depositing or withdrawing funds, though it does charge spreads, which are quite high compared to the rest of the industry.

Here's a comparison of current spreads for Newton and our #1-ranked exchange, CoinSmart:

NewtonCoinSmart
Bitcoin0.79%0.20%
Ethereum0.79%0.20%
Litecoin0.83%0.20%
Dogecoin0.98%0.20%

Like VirgoCX, Shakepay is a commission-free crypto exchange that makes its money from bid-ask spreads. Those spreads are high in the case of Newton (in the same range as Shakepay's), and they change dynamically in reaction to market conditions—so they may be slightly lower or higher than the values you see on the table when you make a trade. Conversely, CoinSmart's spreads are stable at 0.2%.

If you transfer cryptocurrency out of your Newton wallet into an external cryptocurrency wallet, Newton will cover the first $5 in-network fees. This means that you'll pay the actual network fee cost (minus $5), and you can always see the cost breakdown before you confirm your order.

Trade crypto with the lowest fees

Kraken is our #1-rated, fully secure crypto platform. With the lowest total fees in the industry (less than 0.2%) and 24/7 customer support, Kraken is our #1-rated crypto exchange.

Claim your account by May 25, 2024 to get exclusive access to this special deal.

Newton Features

Newton's top features include:

  • Instant account verification.
  • Zero deposit or withdrawal fees on fiat transactions.
  • Third-party custody with Balance (for keeping coins in cold storage)
  • User-friendly mobile app and desktop platform

How To Sign Up With Newton

#1 Visit Newton‘s website. Click on the Get Started button. 

#2 Fill in your email address and create a password. You'll need to verify your email in the next step. 

#3 After verifying your email, you'll be prompted to enter your mobile number. When prompted, use the referral code Z60U58. If you were unable to use the code during the sign-up process, you have 48 hours after signing up to enter it manually. Head to the Referral section of the app to do this.

#4 The next step is the verification process. Click Get Started to begin.

#5 Fill in your basic information, including name, address, and date of birth.

#6 To complete the verification, you'll have to submit a photo ID such as your passport or driver’s license. Finally, fund your account to start trading.

Newton’s Referral Program

You can find your referral code in the Newton dashboard, and can track how much you’ve earned, the number of referrals, and more. You and your referee will receive a $25 bonus after they fund their account with $100. With your code you can:

  • Share your code via text, email, or to your social media audience.
  • Once a referee funds their account with $100, both of you will receive a $25 bonus. 
  • There’s no limit to how many people you can invite.

Is Newton Safe?

For starters, you should know that trading in cryptocurrencies is always risky, no matter what platform you use to do so.

However, Newton is a safe cryptocurrency exchange to use. It allows you to set up two-factor authentication to protect your account, and it has a partnership with Balance, a professional third-party custodian that holds the digital assets of all Newton users offline.

Is Newton Legal In Canada?

Yes. Newton is registered as a Money Service Business (MSB) through the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), which means that its subject to this entity’s regulations.

Introducing Kraken: Our #1-Rated Crypto Exchange In Canada

Best In Canada
Kraken

Total Fees: ~0.16%
Security: Best in class
Customer Support: Excellent

By far the lowest fees in Canada.

★★★★★

Rated 4.9/5

Based in the U.S. and regulated by FINTRAC in Canada, Kraken is undoubtedly the best crypto exchange in Canada. Founded in San Francisco back in 2011, Kraken outperforms the smaller Canadian crypto exchanges due to its significantly lower fees, better customer support, and superior overall trading experience.

For starters, Kraken's fees are far lower than any Canadian exchange, with most users paying 0.16% per transaction (fees decrease down to 0% if you trade high volumes). Kraken's spreads are also absurdly low, typically around $0.10 per Bitcoin, which is 0.0003%. Compare that with the other Canadian exchanges—which routinely charge up to 2% in commissions plus an additional 2% or more in spreads—and it's easy to see why Kraken is such a popular exchange.

Kraken also has better customer support than any other Canadian exchange, and is the only exchange in Canada offering telephone support (available in English, French and Spanish). It supports 100+ cryptocurrencies and has a world-class trading platform and mobile app that's powerful yet easy to use.

If that wasn't enough, Kraken's trading platform is far more professional and robust than its Canadian peers, offering features like NFT trading, staking and support for a wide range of fiat currencies including CAD, USD, EUR, and more.

Overall, Kraken is the best fit for most Canadian crypto investors because it has lower fees, better support and a better trading platform overall. If you're looking to start trading crypto in Canada, we strongly recommend Kraken.

Features

  • Extremely low trading commissions (0.16%)
  • Extremely low spreads (0.0003%)
  • Trade 100+ cryptocurrencies
  • Stake 100+ cryptocurrencies
  • Simple, intuitive user interface
  • Kraken Crypto Watch allows you to keep track of the crypto market
  • NFT trading inside the Kraken app
  • 24/7 customer support via phone, email and live chat
  • Plenty of free educational resources available to users
  • 95% cold storage policy
  • Regulated by FINTRAC

Cost

  • Trading Fees: 0.16% (spot trades cost 0.26%)
  • Spreads: 0.0003%
  • Fiat Deposit Fee: 0%
  • Fiat Withdrawal Fee: $10 CAD

Best For

Canadian cryptocurrency investors looking to trade with the industry's lowest fees.

In Summary

Newton is a solid Canadian cryptocurrency exchange that supports a wide variety of digital assets inside its attractive mobile app and desktop platforms. Newton is currently offering a $25 signup bonus with the referral code Z60U58 (or by using our link), though it's worth noting that users don't like Newton's lack of transparency and high spreads, which sit around 1.5% – 2% on Bitcoin and are well above 2% on most other coins, making it quite an expensive exchange to trade with.

There are several good alternatives to Shakepay, including Bitbuy and CoinSmart, which are good and secure exchanges that offer good rates. But even those aren't the best exchanges in Canada.

For a better overall trading experience with significantly lower fees, I recommend opening an account with Kraken, my #1-ranked Canadian crypto exchange. Kraken has 250,000+ satisfied users, charges very low trading fees, and is offering a $10 signup bonus (no referral code required) from now until May 25, 2024.

Cryptocurrency Signup Bonuses In Canada

  • Bitbuy: $50 bonus after depositing $250 or more
  • Newton: $25 bonus after depositing $100 or more
  • VirgoCX: $20 bonus after depositing $100 or more

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