Newton is proud to officially launch support for swaps (otherwise known as crypto-to-crypto trading) as of January 2025!
Starting with Ethereum and Bitcoin swap support, we will be adding additional pairs in the next couple of weeks, and into January and February.
Access will be rolling out progressively throughout the month and February 2025. Be on the lookout for the new option to switch from our regular Market Orders, to Swaps in the trade order form on both the Newton Web App, iOS and Android mobile apps.
FAQ
What fee will I be paying?
You pay a fee equal to approximately 50% the value of the two Buy and Sell trades you would place manually to recreate the same swap.
Please refer to our fee structure page for detailed fees.
What is a crypto swap?
A swap is when a cryptocurrency is being exchanged directly for another cryptocurrency without going through a Canadian Dollar step.
Does a swap count as a taxable event?
Yes, a swap is considered a taxable event and is reported in your Newton tax reports.
Always do your own research and consult appropriate tax professionals before utilizing any type of market order provided by Newton.
How does a Swap affect my trade limit?
Trade limits also apply for swaps. The value you are swapping applies to your trade limit, depending on if you are exchanging or receiving a restricted asset or not.
| Exchanging | Receiving | Example | Impact on your limit |
| Unrestricted | Unrestricted | BTC to ETH | No change, your trading room is not affected. |
| Unrestricted | Restricted | BTC to SOL | Changed, you lose the value you are "Exchanging" from your trading room. |
| Restricted | Unrestricted | SOL to BTC | Changed, you regain the value you are "Receiving" into your trading room. |
| Restricted | Restricted | SOL to POL | No change, your trading room is not affected. |
For a list of restricted and unrestricted assets, please refer to this page.
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