Newton Referral Code May 2023: $25 Bonus Promo Offer

Want to start trading or investing in cryptocurrencies with one of the best crypto exchanges in Canada? Then this Newton referral code is for you.

With the Newton referral promo code O7BY2M or link, you get a $25 sign up bonus after you verify your account, fund it and trade with a $100 minimum.

Newton is one of the best crypto exchanges in Canada and currently has the largest selection of digital coins available to trade.

Let’s start…

Newton Referral Code

Like the other crypto platforms in Canada, new users to Newton get a welcome bonus of $25 when they sign up using a Newton promo code (O7BY2M) or referral link and meet the eligibility conditions.

Below are the requirements steps to get a Newton referral sign-up bonus:

• Sign-up using this Newton link
• Enter Newton referral promo code O7BY2M if not there
• Complete the Newton verification process
• Fund your account and trade a minimum of $100
• Receive your $25 sign-up bonus automatically to your account

That’s all!

The Newton referral program is called “Give $25, Get $25”.

Even better, you can earn more cash through the Newton referral program by inviting your friends to the crypto exchange.

To get started, simply login to your account to get your unique Newton promo code (XXX) or use the referral link.

Share it with your friends to start earning. There are no caps so you can invite as many friends as possible.

Supported Coins on Newton

At the moment, Newton has the largest selection of cryptocurrencies supported across all the crypto platforms in Canada with 71 coins.

And it continues to add more coins in batches every other week.

Some of the available coins available on Newton include:

And many more…

So if you’re looking to trade the less capitalized and unpopular altcoins in Canada without going to one of the larger international crypto platforms, Newton is your best bet.

Pros and Cons of Newton

Here are the benefits of the Newton crypto platform

• Large selection of crypto available to trade
• No trading fees and tight margins
• $0 deposit and withdrawal charges
• Instant verification for new clients

A few of the drawbacks are:

• Advanced charting and trading tools are not unavailable
• Spread/Fees are higher than the international crypto platforms

Newton Fees

Overall, Newton has one of the lowest fees among the crypto platforms in Canada.

There are no trading fees when you buy or sell any other the supported cryptocurrencies.

But the quoted prices include a small spread of between 0.50-0.70%. Compared to other platforms that have spreads of as high as 2%, the Newton spreads is a big bargain especially for frequent traders.

There are also no fees to deposit or withdraw fiat currencies (CAD) with Newton. Depositing your crypto to the exchange is also free.

To withdraw your crypto, Newton covers the first $5 in mining fees. Meaning crypto withdrawals are free for most users.

Is Newton Crypto Legal and Safe?

Newton is regulated as a Money Service Business (MSB) by Financial Transactions and Reports Analysis Centre of Canada (FINTRAC).

That means the platform is legal and you’re sure it operates under the relevant Canadian laws.

Is Newton Safe?

Newton stores the bulk of its crypto holdings in cold wallets to prevent unauthorized access and reduce the risk of theft.

In addition, they store all information using modern state-of-the-art encryption technology and controls access using 2-factor authentication.

But remember that deposits or assets on crypto exchanges are not secured by Canadian Deposit Insurance Corporation (CDIC) or Canadian Investor Protection Fund (CIPF).

So you should take extra steps to protect your funds. With crypto, this means you should move your cryptocurrencies to your own cold wallet after buying them.

Here are 2 below $100 you can buy: Trezor and Ledger.

Learn more: Best Crypto Wallets in Canada

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Newton Referral Code vs Competitors

Here’s how the Newton crypto referral code and services compare to the ones at the other crypto exchanges.

Newton vs Binance

Binance is one of the largest crypto platforms worldwide.

With more than 600+ supported cryptocurrencies and $76 billion daily transaction volume, Binance is a far bigger crypto exchange compared to Newton.

However, Binance isn’t available to Ontario residents. Also, funding your account with CAD is much easier with Newton.

Binance trading fees start at just 0.1% but the exchange recently introduced a no trading fee on up to 13 Bitcoin spot trading pairs.

You can also get a lifetime discount on the fees using this Binance referral link, plus up to $100 bonus.

Learn more: Binance Referral Code

Newton vs Wealthsimple Crypto

Wealthsimple Crypto is another crypto platform with support for several cryptocurrencies in Canada.

At the moment, it supports over 50 digital assets. That puts it way ahead of many other crypto exchanges but still behind Newton.

You get a cash bonus of $25 when you trade at least $150 with Wealthsimple Crypto.

Learn more in this post about Wealthsimple Crypto promo code.

Newton vs NDAX

NDAX is another top-notch crypto exchange in Canada. It’s been operating in Canada since 2017 and supports 32 crypto assets.

The trading commission is 0.20% when you buy or sell on NDAX plus a spread of about 0.50% – lowest in Canada.

Deposit CAD to your account is free but there’s a $4.99 fee for withdrawals.

Bonus: New NDAX clients earn $10 when they deposit a minimum of $100 and earn up to $25 for referring their friends. Learn more in this post covering NDAX referral code.

Newton vs CoinSmart

Coinsmart is another Toronto-based cryptocurrency platform that launched in 2018.

It supports 16 cryptocurrencies including bitcoin, Ethereum, Cardano, Ripple, Litecoin and so on.

Its trading fees is between 0.2-0.3%

Bonus: When you refer a friend to the platform, both of you will get a bonus of $50.

Learn more in this Coinsmart referral code post.

Newton vs Shakepay

Shakepay is another crypto trading app that is great for beginner crypto traders and investors.

Like Newton, there are no trading fees but its spreads are higher than the ones at Newton. Also, only bitcoin and Ethereum are supported for now, so you’ll need other apps to trade the other popular altcoins.

Bonus: Get $30 sign-up bonus after trading $100 using the Shakepay referral link or promo code.

Check this post on Shakepay Referral Code to learn more about its offerings.

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Newton Promo Code FAQs

Final Thoughts – Newton Referral Code

With 71 cryptocurrency coins supported at the time of writing, Newton definitely stands out among the crypto platforms in Canada.

If you liked this post about Newton Crypto promotion, also check for other promotions below:

• Koho: $20 after your first transaction with the free Koho prepaid card
• Wealthsimple Cash: $10 bonus after sign-up
• Wealthsimple Trade: $50 when you trade a minimum of $150