Newton Exchange Review 2023

The Newton Exchange is highly accessible to users new to cryptocurrency as well as more experienced traders. The dashboard interface is simple and straightforward that even a person with no connection to cryptocurrency can follow.

For example, Trade, Withdraw and Deposit appear across the top of the dashboard and can be swiped between on a mobile device or clicked between on a computer. On the “Trade” screen, a user will see the amount of Canadian dollars they currently have, followed by the percentages of Canadian dollars they can convert into cryptocurrency and back (50%, 75% and Max) and then followed by the amount of a particular cryptocurrency they have. (They can toggle between cryptocurrencies to see their balance of each coin)

Finally, you’ll see the exchange rate of CAD to the cryptocurrency you’re currently looking at (i.e, CAD to USDC = $1.25) and a huge button at the bottom that says, “Swipe to Trade.”

Meanwhile, the deposit and withdraw screens are similarly self-explanatory and easy to read. However, what you do lose with ease-of-use is some of the advanced features from other exchanges, such as a pro trading terminal or advanced order types.

The Newton Exchange is highly accessible to users new to cryptocurrency as well as more experienced traders. As mentioned earlier in this Newton crypto review, the dashboard interface is so simple and straightforward that even a person with no connection to cryptocurrency can follow.

A big plus with Newton Exchange is its ability to instantly verify its users, making it easy to open an account in minutes, unlike some of the competition. Users still need to verify their identities so Newton can follow “Know Your Customer” protocols and verify their users aren’t involved in illegal activities. Newton also does this to be in step with banking industry regulators themselves.

Thankfully, following the formalities, every user gets $25 CAD to start trading and exchanging with so they can’t get too annoyed. They can then fund their account using Interac e-transfer, wire transfer or crypto deposits from an existing desktop or hardware or online wallet they might already have.

Newton is probably as safe as possible for an exchange. It uses to two-factor authentication to verify accounts and keeps all crypto assets offline in cold storage. It also ups its legitimacy by being subject to FINTRAC regulations and registered as a Money Services Business. However, it’s not accredited by the Better Business Bureau (with a B- rating there) and doesn’t have the greatest reviews on Trust Pilot. They do regular off-site backups and banking integration.

Finally, a cryptocurrency exchange with low crypto fees, free fiat currency deposits and withdrawals and a user-friendly interface for newbies that’s made for Canadians.

So often, Canadians get pushed out of the most popular global and American exchanges because they get killed on fees and the exchange rate.

Thankfully, that doesn’t happen here. Still, if you’re a more advanced crypto investor, you’ll likely be left wanting thanks to very limited advanced features.