Crypto trading is here to stay. Even with Bitcoin (BTC), Ethereum (ETH) and other cryptos at lower market caps than all-time highs, you may have considered the advantages of adding more to your portfolio, however, it is essential to be aware of cryptocurrency trading's risks.
Crypto has soared recently, yet it has had its rough patches. Several Ponzi schemes have caused investors to lose faith, and for a valid reason – crypto transactions are permanent, so if you misplace it, it’s gone forever.
Crypto trading on decentralized exchanges in Canada is increasingly regulated, making it an attractive option for investors. This regulation is beneficial because it requires platforms and exchanges to follow specific laws and standards, helping prevent money laundering and terrorism financing.
60% store crypto on exchanges–underscoring the necessity of crypto platforms operated on moral principles. We require crypto pioneers who are not hesitant to reveal themselves. We need exchanges that prioritize the security of investors. Enter Newton.
What is Newton?
In 2018, a team of ambitious Canadian entrepreneurs set out to revolutionize how Canadians interact with the crypto sphere. Newton was born to provide Canadians with one of the most extensive and diverse ranges of coins and act as a benchmark for responsible corporate conduct.
Since it entered the crypto market, Newton has experienced tremendous success and growth, with over 100,000 users now taking advantage of its services. This has cemented Newton as a leader in the Canadian crypto space.
Unlike most crypto exchanges, Newton charges no trading fees. Instead, they use a bid-ask spread to generate revenue. Additionally, Newton takes extra steps to safeguard users’ data and assets. For example, most crypto is stored in secure, offline locations, making it impossible for scammers to locate it.
How Does Newton Work For Crypto Trading?
Open a free account with Newton and start trading crypto today on any device, including iOS, Android, and the web. Buy and sell your favourite coins with a few clicks on your mobile device. Get the Newton app on the App Store or Google Play and start trading immediately.
Signing up is a breeze, and trading is even easier. You can make trades quickly and safely with Newton's secure platform, so why wait? Get started now and take advantage of the simplest way to trade crypto.
Newton offers quick account verification when registering, thus eliminating delays in beginning cryptocurrency trading. Once verified, users can fund their accounts and start trading immediately.
Newton enables users to fund accounts with Interac eTransfers, Wire Transfers, Plaid pre-authorized bank transfers, and external wallets (identity verification required). Network fees up to $5 CAD are covered by Newton when adding/withdrawing. View trading, withdrawal, and deposit limits.
Need assistance with your account? Newton’s Customer Support Team is available via the in-app help chat function. Additionally, the Newton Knowledge Base offers answers to common queries.
The Basics of Newton
Besides quick account confirmation, Newton stands out from other crypto platforms with various special functions. Most significantly, they don’t charge any fees. When you buy crypto from Newton, the bid & ask prices are already included in your transaction. Newton applies a 0.2-0.7% spread for certain coins, which is significantly lower than other platforms. Check out the competitive bid-ask spread here.
The Importance of Crypto Trading
Cryptocurrency trading has recently seen a surge in popularity, with technological advancements making it easier for people to buy, sell, and trade digital currencies. However, this has also resulted in several issues and challenges, particularly regarding regulation.
As governments worldwide work to keep up with the changing landscape of digital currencies, new regulations and laws are being implemented to protect investors from fraud and manipulation. As such, it is essential for traders to be vigilant and only conduct their trading activities on trusted and reputable sites.
It is also crucial to be aware of the risks associated with trading digital currencies, such as market volatility, and to be mindful of the regulations and laws in place. By doing so, traders can ensure they conduct their trading activities safely and responsibly.
Newton is the largest crypto platform, but its systems are backed up daily to safeguard all data. You can view their live system status chart to check the status of their system operations and for regular updates. This chart will provide you with real-time information on the status of system operations and any maintenance or updates being conducted.
Does Newton Protect my Digital Assets and Private Information?
To prevent fraud, Newton takes intense steps to protect your assets. Their platform, following PIPEDA guidelines, teams up with Coinbase to store crypto in secure Canadian areas not connected to the internet. Your funds are held with third-party security in top-tier storage, known as cold storage, keeping your crypto offline and secure. This arrangement is especially advantageous if you want to hold long-term positions.
Are There Advantages to Trading on a Canadian Exchange?
Trading cryptocurrency on a Canadian platform has various advantages, like secure data storage. Canada is a leader in regulating crypto, making it a sought-after choice for investors worldwide. Ensure the platform you use is compliant with all relevant rules and regulations.
Canada has certified Newton as a FINTRAC-registered business. This ensures that Newton complies with government regulations prohibiting the financing of terrorism and money laundering, giving you the confidence that Newton follows Canadian business laws.
Staying informed, Newton monitors both existing and expected Canadian crypto rules. Around the world, there have been numerous discussions about how to categorize crypto assets. For example, are they a type of money, a commodity, a product/service, or a security? In Canada, crypto is viewed as a commodity.
Newton makes tax filing easy by providing a documented list of all transactions. This article provides information on filing crypto taxes with Newton. In addition, the Government of Canada has a Guide for Cryptocurrency Users and Tax Professionals for more details on Canadian crypto taxation.
Newton’s secure storage systems help protect crypto assets from cybercrime, while regulations related to cryptocurrency wallets and custodial chips are expected soon.
High-profile Investors Back Newton
Newton earned the trust of its investors with an oversubscribed Series B funding round in February 2022 that resulted in a company valuation of CAD$253 million. The investments were made by Anthony Pompliano, Snowdevil Capital, Tiny Capital, and DV Chain with participation from CI Financial Corp. Learn more about the funding round on Newton’s blog post.
Earn With Newton's Referral Program
Newton offers a $25 referral bonus when a friend is referred to their cryptocurrency exchange. For example, when the referred friend purchases or sells $100 CAD or more, the referrer and the referred will receive $25 CAD. Referrals can be tracked through the Newton Dashboard.
Start Crypto Trading Safely
Newton is a crypto market trading platform with something for everyone, whether you’re an experienced cryptocurrency investor or just getting started. They understand the importance of transparency and are open about who they are, how they work, and who they partner with.
From offering zero-fee trading to providing third-party custody, Newton operates to provide maximum benefits and low-risk crypto trading to their users. In addition, they strive to make cryptocurrency trading and investing accessible and secure for everyone, even in a highly volatile market.
Start trading cryptocurrency with Newton today! And be sure to subscribe to our blog for the latest updates and trends in the cryptocurrency market.
