Newton covers up to $5 worth of network fees on one daily withdrawal. Meaning we’ll now only cover up to $5 worth of network fees on your first crypto withdrawal each day. You will be required to pay the full network fee on any subsequent withdrawals on the same day.
The daily crypto withdrawal window is calculated from 12 am to 11:59 pm EST.
| Withdraw | Fee Subsidy | Example |
| 1st withdrawal within 24 hours (12 am - 11:59 pm EST) | $5 CAD. If the network fee is less than or equal to $5 CAD, the network fee will be fully covered by Newton. If the network fee is greater than $5, Newton will cover the first $5. |
Ex1: $4.98 in network fees - Newton pays the full amount and the withdrawal is free for the customer. Ex2: $6.24 in network fees - Newton pays the first $5, and the customer pays $1.24. |
| Any subsequent withdrawals within 24 hours (12 am - 11:59 pm EST) | $0. The customer will be responsible for the entire network fee. | Ex: $4.72 in network fees - the user pays $4.72 |
Network fees, also known as gas fees, are a necessary aspect of the cryptocurrency ecosystem. Check out this article on network fees if you’d like to learn more.