What Are Trade-Only Coins on Newton?
Trade-Only Coins are cryptocurrencies that can be bought and sold using Canadian dollars (CAD), but cannot be transferred in or off of the platform. This means you can trade these coins within Newton, but deposits and withdrawals are not available.
Trade-Only Coins allow Newton to offer more cryptocurrency options, even when full functionality isn't possible. These coins will remain trade-only indefinitely.
Trading Trade-Only Coins
When buying a Trade-Only Coin, you will see multiple reminders that deposits and withdrawals are not supported. These reminders will appear before, during, and after the trade.
Transfer Restrictions: Since deposits and withdrawals are not available, these coins can only be traded back for CAD within Newton.
What to Consider Before Trading
Trade-Only Coins cannot be moved outside of Newton's platform. If you're looking to hold coins in an external wallet, these coins are not suitable. They are strictly for trading with CAD within Newton.
How to Identify Trade-Only Coins
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"TRADE ONLY" sticker beside the coin ticker.
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Yellow arrow sticker on the coin logo.
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Warning messages during the buying process.
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Warning when attempting to deposit or withdraw.
What Coins Are Available as Trade-Only?
- Sui
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