Newton will 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.
*NOTE: For BTC withdrawals, users can choose between 3 different speeds. Only the Free option has network fees covered by Newton. Learn more here BTC Withdrawal Lanes
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