Newton, emerging from Canada, is a cryptocurrency exchange that’s rapidly gaining traction. Its commitment to regularly introducing new coins and features has fueled its growing popularity. What really sets Newton apart is its sleek and professional user interface, instilling a sense of trust and admiration for its meticulousness. In the complex world of cryptocurrencies, delivering a seamless user experience is a tall order. Ensuring smooth financial transactions is a particularly challenging aspect, yet Newton has excelled in this crucial area. Stay tuned for our comprehensive review of the Newton exchange, unpacking all its offerings and more.
Which Canadian crypto exchanges are the best?
| Exchange | Why choose this exchange? | Cryptocurrencies available | Fees |
| Bitbuy | Best for beginner investors | 50+ | 0.5 – 1.85% (can be up to 3.85% in some cases) |
| Coinsmart | Best for quick deposits | 15+ | 0.2 – 0.3% |
| Coinbase | Best for Learn and Earn | 200+ | 0.05 – 0.60% |
| BTCC | Best for advanced traders | 300+ | 0.3 — 0.4% |
| Wealthsmart | Best for robo-advised portfolios | 60+ | 0.5 – 2% |
| NDAX | Best for low fees | 15+ | 0.2% flat fee |
| Crypto.com | Best for cryptocurrency prepaid cards | 350+ | Varying fees based on how much CRO is staked |
| Newton | Best for user experience | 40+ | 0% (varying spreads on crypto trades) |
| Swapzone | Best for OTC trades | 60+ | 0% (varying spreads on crypto trades) |
Newton
Newton stands out as the best crypto exchange in Canada for low fees. With over 70 cryptocurrencies on its user-friendly platform, it caters to a wide range of investors. The exchange’s competitive spreads and zero commission fees make it a top choice for crypto enthusiasts.
- Pros
- Extensive selection of cryptocurrencies
- No commission fees
- User-friendly interface
- Cons
- Limited features for advanced traders
- May not be suitable for high-frequency trading
Swapzone
Swapzone, the premier aggregator for Canadian crypto exchanges, enables seamless comparison of exchange offers across diverse crypto pairs. This one-stop-shop simplifies crypto trading, emphasizing user convenience. Boasting a non-custodial platform with no registration needed, Swapzone prioritizes user privacy.
- Non-custodial and registration-free
- Extensive selection of cryptocurrencies
- No account-related fees
- May not suit those preferring traditional exchanges
- Prices may fluctuate slightly due to aggregator mechanics
BTCC
BTCC, a premier cryptocurrency trading platform, stands out for its seamless integration of cutting-edge features and user-friendly interface. Catering to crypto newcomers and veterans alike, BTCC offers robust security measures, around-the-clock customer support, and a comprehensive educational program via the BTCC Academy. By prioritizing user satisfaction, the platform fosters a welcoming environment for safe and informed trading in a variety of digital currencies, making it a top choice for investors seeking a reliable gateway into the crypto space.
- Futures Trading: BTCC specializes in futures trading, offering two types of crypto futures – USDT-margined futures settled in USDT and Coin-margined futures settled in cryptocurrencies. The exchange currently provides perpetual futures trading on over 60 popular coins, including BTC, ETH, DOGE, XRP, SOL, and more.
- Tokenized Futures: In 2022, BTCC introduced commodity and stock tokenized futures, allowing users to diversify their portfolios beyond cryptocurrencies. All tokenized futures on the platform are settled in USDT.
NDAX
NDAX, a top crypto exchange in Canada, ensures asset safety as its top priority. With a majority of funds stored offline and backed by several insurance policies, traders can rest assured. Registered with FINTRAC, NDAX provides access to a variety of leading cryptocurrencies, making it a preferred platform for secure trading.
- Strong asset safety measures
- Multiple insurance policies
- Wide selection of cryptocurrencies
- Cons: Limited range of advanced trading features
- Some users may find the user interface less intuitive
How to Select Top Crypto Exchanges in Canada?
Choosing the best crypto exchange from a list of Canadian platforms with similar offerings can be challenging. Each boasts low fees and top-tier security, making the decision tougher. To narrow down your choices, consider these crucial factors when selecting the ideal cryptocurrency exchange for your investment needs. Focus on what matters most to you – from fee structures to security measures – to ensure you pick the perfect platform for your portfolio.
Consider trading fees
When buying and selling crypto, commission fees can make a big dent in your profits. Evaluate your crypto exchange’s fees to avoid unnecessary charges. High trading costs can significantly reduce your earnings. Look for the best crypto exchanges that offer competitive, low trading fees to maximize your returns.
Features an intuitive interface
When selecting a crypto exchange in Canada, an intuitive user interface is crucial, particularly for newcomers. Avoid platforms with confusing layouts that hinder trading and learning. Seek one that’s easy to navigate, yet packed with features for experts. Remember, simplicity for beginners and comprehensiveness for pros is the ideal combo.
How to Pick Top Crypto Exchanges in Canada
Looking for convenient ways to fund your crypto account and withdraw profits? Consider the financing options offered by your crypto platform. These might include bank transfers, INTERAC e-Transfers, credit cards, and other payment methods. Remember, deposits and withdrawals often incur a fee, so choose wisely. With the right financing options, you can enjoy seamless transactions and easy access to your funds at any point.
Consider cold storage for account security
Keeping your crypto safe and secure is essential, and a secure crypto wallet is the best way to achieve that. When transferring your coins from the exchange to your wallet, ensure the platform offers top-notch cold storage account security. Cold storage protects your crypto coins with premium security measures, giving you peace of mind. In the interim, as you move your assets, rest assured that your investments are well-guarded against any potential threats.
Advanced Features for Crypto Trading
Crypto traders seeking advanced features to navigate the market should look for platforms offering charting tools, various order types, and an OTC desk. These resources are crucial for making informed investment decisions. Investors often choose platforms based on the availability of such features, ensuring their crypto exchange provides all the necessary tools for successful trading.
Licensed and Operational
Ensure your chosen crypto platform is fully licensed and legitimate, offering robust asset protection. In Canada, it’s crucial for exchanges to prioritize the safety and security of your investments. Look into their registration status and the measures they take to keep your funds secure.
Quality of Customer Service
When seeking the top crypto exchanges in Canada, consider customer service accessibility. Leading platforms provide 24/7 support, ensuring prompt responses to inquiries, comments, or urgent concerns. This level of responsiveness is crucial in the volatile crypto market.
Supported Cryptocurrency List
With countless crypto coins on the market, selecting the right exchange is crucial. Not all platforms offer the same coins, so it’s essential to choose one that supports your desired investments. Canadians, in particular, should seek exchanges that cater to their needs, providing access to a diverse range of cryptocurrencies.
Which Canadian crypto exchange stands out as the best?
Looking for the top crypto exchange in Canada? Look no further than Bitbuy, headquartered in Toronto. With over 400,000 Canadian users and more than six billion dollars in trades, this platform stands out. It’s not just popular among crypto investors, but also offers seamless CAD transfers from Canadian bank accounts for buying and selling crypto. Plus, Bitbuy is officially registered with the Ontario Securities Commission, making it a trusted name in the crypto trading world.
Which Cryptocurrency Exchange in Canada Should You Choose?
Finding the ideal cryptocurrency exchange in Canada depends on your specific needs. Consider these key factors before making your choice: What are your priorities when selecting an exchange? Your answer will guide you to the best platform tailored to your unique situation.
- Fees: If you’re a frequent trader, consider starting with an exchange offering low fees.
- User Interface: Decide on the type of exchange you seek. Some are beginner-friendly, while others offer advanced features.
- Reputation: Due to scams in the cryptocurrency ecosystem, always check an exchange’s reputation on third-party review sites before starting.