Newton Crypto Review & Referral Code (May 2022): $25 Signup Bonus

May 10, 2022
Reviews

Newton is a Toronto-based cryptocurrency exchange that allows users to buy and sell crypto assets with ease. It offers plenty of valuable features, including commission-free trading, third-party custody, and instant account verification.

Newton is a great option for Canadians looking to quickly trade crypto with zero fees. To get your $25 signup bonus (the same bonus you’ll find anywhere else), use our referral code Z60U58 or sign up using this link.

What Is Newton?

Newton is a crypto exchange based in Toronto. Founded in 2018, it supports 70+ cryptocurrencies, one of the largest selections of assets of any of the Canadian crypto exchanges.

In February 2022, Newton raised $20 million at a company valuation of $200 million, with strategic investors like DV Chain and Anthony Pompliano coming on board. This is a strong sign that Newton is here to stay, and that they’ll be a reliable, trustworthy Canadian crypto exchange for years to come.

Several of Newton’s features—including zero trading fees, third-party custodyinstant account verification, and competitive spreads—make it a compelling place to buy and sell crypto. As we dive into this Newton exchange review, let’s take a deeper look at Newton’s main features in greater detail.

Newton Crypto Referral Code ($25 Signup Bonus)

If you just came here to get a referral code for Newton, here it is: Z60U58. If you sign up using this link, you don’t need to enter the referral code at all; your $25 signup bonus will be automatically applied when you deposit $100 or more.

Of course, once you open your Newton account you’ll receive your own referral code to invite your friends, too. To find your unique promo code inside the Newton app, go to the menu (in the top-right), tap Referrals, and you’ll see your referral code there. Both you and your friend will receive $25 when they sign up and deposit $100 or more into their account.

Newton Features

1. Instant Account Verification

Newton verifies accounts instantly, which makes the signup process seamless. This is particularly beneficial if you want to trade on short-term price movements (e.g. when the price of Bitcoin is skyrocketing), since you won’t have to wait days to have your account approved.

Once your account has been verified, users can fund their accounts through a variety of methods, including:

2. Zero Fees On All Transactions

Newton doesn’t charge any fees, including trading fees, deposit fees and withdrawal fees. Instead, Newton makes its money through spreads, which are always displayed transparently on Newton’s website.

As you can see in the image above, Newton’s spreads generally hover around 0.60% – 1.00%, and because they don’t charge any trading fees, that’s the only thing you pay.

3. Excellent Mobile App

Newton has an intuitive iOS and Android app, which is very convenient for crypto investors who like to trade on the go. The app has Buy and Sell access to all of the coins Newton offers, and is rated extremely well on both iOS and Android:

  • iOS: 4.6/5, 13,000 ratings
  • Android: 4.5/5, 3,000 ratings

Newton offers limit orders both in the mobile app and the desktop trading platform, making more advanced order types easy to place and execute for both beginners and advanced traders.

4. Third-Party Custody

Newton maintains third-party custodian partnerships with Fireblocks and Balance, which means they keep their users’ digital assets under cold (offline) storage at institutional-grade storage facilities. Newton will be transitioning to Coinbase Custody in the future, which offers an equally high level of security.

This is an essential security feature, since cold storage makes digital assets nearly impossible to steal, hack or tamper with. Newton also performs daily off-site backups and maintains direct bank integrations, both of which help minimize fraud and keep your crypto safe.

5. Newton Referral Program

Newton’s referral program allows you to invite friends to the platform and earn rewards for doing so.

To invite friends to Newton, go to the Referrals tab on the Newton dashboard and send your referral link to your friends. Once they sign up and buy or sell $100 or more, you’ll both earn $25.

To sign up using our referral code (and receive a $25 bonus), use this link or the code Z60U58.

Cryptocurrencies On Newton

Newton has a very wide array of supported cryptocurrencies. Some of these include:

Bitcoin (BTC)PAX Gold (PAXG)
Ethereum (ETH)0x (ZRX)
Ripple (XRP)Axie Infinity (AXS)
Litecoin (LTC)OMG Network (OMG)
Cardano (ADA)Basic Attention (BAT)
Solana (SOL)Zcash (ZEC)
Algorand (ALGO)1inch (1INCH)
Dogecoin (DOGE)EOS
Terra (LUNA)Kyber Network (KNC)
TerraUSD (UST)Decentraland (MANA)
USD Coin (USDC)Ren (REN)
Tether (USDT)Tezos (XTZ)
Stellar (XLM)Fantom (FTM)
Bitcoin Cash (BCH)Shiba Inu (SHIB)
Chainlink (LINK)Aave (AAVE)
Uniswap (UNI)Polygon (MATIC)
SushiSwap (SUSHI)Chromia (CHR)

Newton Fees

Like I’ve mentioned before, Newton doesn’t charge any fees for trading between cryptocurrencies. It also does not charge any fees for depositing or withdrawing funds.

The platform generates revenue through its bid-ask spread whenever one currency is exchanged for another. These prices might fluctuate, but the spreads are typically around 0.5% to 1%.

Since Newton implemented Surge Pricing, there are also no markup fees, and they cover the first $5 in network fees. This means that you’ll only pay the actual network fee cost (minus $5) with no markup, with the remainder coming out of your withdrawal amount. You can always see the cost breakdown before you confirm your order.

In Summary

Newton is a Toronto-based crypto exchange that allows users to buy and sell crypto assets with ease. It offers plenty of valuable features, including commission-free trading, third-party custody, and instant account verification.

Newton is a great option for Canadians looking to quickly trade crypto with zero fees. If you’re looking for a new cryptocurrency exchange to try out, I definitely recommend Newton.

Newton FAQs

How To Withdraw From Newton

Withdrawing funds from Newton is easy— you just need to follow these steps:

1. Desktop

  1. Open the trading view and log into your account.
  2. On the right-hand side of the dashboard, navigate to the up arrow.
  3. Select “Crypto to Wallet.”
  4. Select the specific cryptocurrency you want to withdraw.
  5. Enter the withdrawal amount.
  6. Enter your deposit address for your wallet by either copying and pasting from another source or using the QR code scanner.
  7. Select Review Withdrawal to withdraw your selected cryptocurrency.

2. Mobile App

  1. Open the trading view and log into your account.
  2. On the right-hand side of the dashboard, navigate to the two arrows.
  3. Navigate to the Withdraw tab and select “Crypto to Wallet.”
  4. Select the specific cryptocurrency you want to withdraw.
  5. Enter the withdrawal amount.
  6. Enter your deposit address for your wallet by either copying and pasting from another source or using the QR code scanner.
  7. Select “Review Withdrawal” to withdraw your selected cryptocurrency.

Is Newton Safe?

Trading cryptocurrencies is always risky, no matter what platform you use.

However, Newton is a safe cryptocurrency exchange to use. Users can set up two-factor authentication to protect their account, and every account is backed by Newton’s 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), and is compliant with all Canadian regulations.

Newton has also filed an application for registration as a restricted dealer with the OSC (Ontario Securities Commission), as well as the securities regulatory authorities in all of the other Canadian provinces and territories.

Newton Promo Code

If you’re looking for a Newton promo code, you’re in luck: ours is Z60U58. And if you sign up using this link, you won’t need to enter the promo code; your $25 signup bonus will be applied automatically when you deposit $100 or more.

Does Newton Report To The CRA?

No, Newton does not report to the CRA, nor has it been asked to do so.

The Best Crypto Exchanges In Canada

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Supports: 16 cryptocurrencies
Security: 95% cold storage
Trading fees: 0.2%

$50 bonus ends May 19.

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Trading fees: 0.4%
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