Newton offers low-cost cryptocurrency trading with zero funding or withdrawal fees when using Interac e-Transfer.
We charge a spread on each trade made on the platform, this is how we keep the lights on! This spread is charged on both buys and sells, and ranges between 1% - 1.5%, varying coin to coin. Our full list of pricing is available here, with spreads located near the bottom of the webpage. After completing your trade, you will receive a trade confirmation email confirming the exact spread percentage charged by Newton, as well as the CAD$ amount that we collected.
For cryptocurrency withdrawals, the first $5 of the withdrawal fee is covered on the first withdrawal made in a fixed 24-hour period from 12 AM-12 AM ET. On the first withdrawal of the period, any transactional fees above $5 will be a cost incurred by the user.
After the 1st withdrawal, the full network fee will be paid by the user, however Newton will not take any fees on top of what the network charges. The variable amount will depend on the transaction and the blockchain fees at the time of the transaction. The total fee amount to be paid will be shown on your dashboard before completing your withdrawal.