Newton Crypto Exchange REVIEW & TUTORIAL (2023/24)

Newton is one of the leading crypto exchanges in Canada. In this video I discuss the pros & cons of the platform AND give you a quick tutorial on how to trade cryptocurrency using Newton’s platform.
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NEWTON – sign up today and get $25 dollars when you deposit and trade $100 CAD: https://web.newton.co/r/TVA2NU
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Support the channel and help me pay for gas/transaction costs for these tutorial by using my referral codes:

My public wallets:
Ethereum: kryptocove.eth
Solana: kryptocove.sol

GEMINI referral link (Get $10 in BTC when you trade $100 USD or more): https://gemini.com/share/56x4q5l3g

Secure your crypto with a LEDGER hardware wallet: https://shop.ledger.com/?r=b3d950232556

Secure your crypto with a TREZOR hardware wallet: https://affil.trezor.io/aff_c?offer_id=133&aff_id=9591
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DISCLAIMER: This video is the copyright of this YouTube channel and of SDG Media Canada. The information presented here is for entertainment and/or educational puposes only and is NOT presented as financial or investment advice. Cryptocurrencies are volatile investments and there are significant risks or loss from price movements, hacks, scams, smart contract bugs, black swan events, and much more. Viewers must exercise caution and discretion.
#cryptocanada #newtoncrypto #newtonexchange

In this video I’m going to review the Newton cryptocurrency exchange and give you a quick tutorial on how you can sign up for it fund your account and quickly get started trading different cryptocurrencies because it’s super simple but before we get to the tutorial let’s talk about the actual pros and

Cons of this platform because while I do like it it’s not perfect for starters which cryptocurrencies can you actually trade on Newton well there’s a list of about 70 different cryptocurrencies and I’ll scroll through it for you right here now of course you can trade all of the big ones including Bitcoin and

Ethereum and there’s a decent selection of other altcoins that you can find on here as well now if we’re comparing this selection of cryptocurrencies to the selection that you could find on other exchanges especially ones that are hosted offshore for example binance well this selection is a little bit lacking

Because there’s a pretty limited number of different cryptocurrencies that you can buy and sell here on Newton and of course if you want to buy and sell some others that are Maybe not listed on Canadian exchanges or that are just a little bit more obscure you won’t be

Able to do that on Newton you’ll have to buy something like ethereum and then transfer it to a different exchange where then you can actually trade the cryptocurrencies that you’re looking for however if you’re just a Buy and Hold Crypt Trader that’s only looking to invest in the cryptocurrencies that make

Up the top of the crypto market caps then Newton definitely has you covered next up let’s talk about fees now Newton claims to be the zero commission crypto exchange or brokerage and and they say that they have appallingly low fees so let’s see whether or not that’s actually

True for starters it’s totally free to deposit or withdraw Canadian dollars to Newton or also cryptocurrency and the easiest way to do that is simply by E transfer so if you hit on the add funds button you’ll be able to have the Newton platform send you a request for an efer

And you’ll be able to get money into your Newton platform very quickly in a matter of minutes of course you can also transfer funds from another crypto wallet so if you had Bitcoin or ethereum you could send it to Newton and then use that to trade or you could do bank wire

Transfers but that will be more expensive and will take more time so honestly I recommend just using either the the crypto deposits or the E transfer now I completed that e transfer request it might take a minute or two to go through so while we’re waiting for

That let’s go back and look at the the prices so since there’s no fees to deposit cash to the platform or withdraw cash and also there’s no fees to deposit or withdraw cryptocurrency in fact one of the great benefits or pros of Newton is that they will even cover gas fees up

To $5 per transaction when you want to withdraw crypto from the platform so every time you make a transaction on the Bitcoin Network or the ethereum network you have to pay a small Network fee or gas fee for that transaction and sometimes those fees can add up but

Newton actually helps you out and they cover up to $5 for making transactions for withdrawing from the platform and usually that $5 will be enough to cover the entire transaction fee to make withdrawals so you won’t have to pay anything to make withdrawals from the platform unless the network fees on

Ethereum or Bitcoin or wherever you’re trying to make those withdrawals are super super high or expensive at the time when you go to make that transaction and if that’s the case and you don’t want to pay those transaction fees then you can just wait until the network fees go down until that $5

Amount will cover them completely completely and then you can make your transaction so yes all of that is great you can get money to and from the platform completely free of charge so how does Newton make money well they charge something called a bid ask spread

And so what that means is when you’re trading any of the different cryptocurrencies that trade on Newton’s platform they’re going to sell them to you for a little bit more than the actual market value or buy them from you for a little bit less than the market

Value now when it comes to the actual bid ask spreads when you go to the prices section of Newton’s website and open up any cryptocurrency or coin that you find here you can see something that says the Buy price and the sell price so that right there is the spread and if

You look the current Buy price of Bitcoin if you were to purchase it on the platform is just over 6,160 Cad and if you were to sell a Bitcoin on the platform you would get 58790 and if you look at the actual current market price of Bitcoin it’s

59,4 which is right in the middle there so that differential between 59,4 and the current Buy price is the bid ask spread if you were to purchase it and so that means that currently the bid ask spread on bitcoin is basically about 1% or 1.1% and the spread for different crypto

Assets will be different so for example bitco coin and ethereum will have some lower bid ass spreads but if you go down and look at some of these I guess you would call them altcoins or maybe coins the bid ass spreads on some of these more obscure cryptocurrencies will

Definitely be higher than 1% now the annoying thing to me and this is really one of the major cons of the Newton platform is that nowhere does it show you clearly what is the actual bid as spread for each of these different cryptocurrencies even if you go onto the

Platform and you go to purchase Bitcoin for example it doesn’t say oh you’re paying a 1% fee or spread on that transaction it does not tell you that anywhere so you have to kind of do the math Yourself by looking at the buy and sell prices and comparing it to the

Actual current market price and even in the Q&A section where it says what is the Bida spread it just says that there is one but it does not tell you what it is and really what I think Newton should do and this would be huge for transparency and also give investors and

Traders additional information that they need is I think Newton should have a complete chart with a list of different crypto pairs that you can trade on the platform showing exactly what percentage is the bidas spread at any given time and they should update it and keep it up

To date but anyways a 1% or a 1.1% bit ass spread to buy Bitcoin in Canada is more or less industry standard if you’re using many of the other crypto exchanges in Canada you will pay similar fees although different platforms charge fees in different ways however you can

Definitely get better prices than that if you trade crypto on offshore exchanges the issue with that is that sometimes Canadians cannot access those platforms so for example you can’t really use binance if you live in Canada unless you’re out of the country or if you set up a VPN next let’s talk about

Security because aside from the crypto selection and the fees on the platform I think security is one of the most important things and the way that Newton tackles security is by keeping 80% of the Assets in offline or cold storage so that means even if the Newton platform

Want to get hacked somehow and someone stole all of the assets that Newton is holding to facilitate the trades and transactions only 20% of the assets are ever at risk at any given time and for that 20% of assets that is potentially at risk there is insurance and so if

Anything was ever to actually happen there would be coverage for that and especially in Canada there’s a pretty strict regimen for crypto exchanges to follow they have to really adhere to the law and there’s pretty tight regulations so they have to be verified and audited by the Canadian Securities and Exchange

Regulators which of course increases the security of the platform additionally of course Newton uses multiactor authentication I have the AI application set up for Newton and so anytime I log in or verify a transaction I have to input the additional code as well as my email address and password and as far as

I can tell there has never been a security incident involving Newton which obviously is something that we want to see and considering all of this when it comes to Newton I honestly think that it’s a pretty solid platform for Canadians to onboard into cryptocurrency

To buy it and then hold it or to buy it and then transfer it to a different platform where you can trade for much lower fees and so what I use Newton for is to either buy Bitcoin and then transfer to my cold storage wallet just

Buy and hold or to buy something like ethereum transfer that to an eth wallet and then you can use that to trade on decentralized exchanges where the trading fees are significantly lower but if you’re a Canadian and you need to somehow get CAD converted into cryptocurrency then this is a pretty

Decent platform to do it on and when you compare Newton to some of the other platforms for example wellth simple or Shak pay then the fees are significantly lower here so now that we’ve reviewed some of the pros and cons of the platform and I’ve showed you how to

Transfer assets on it let’s go through a quick tutorial and I’ll tell you some of the features of Newton that you can use to help you trade cryptocurrency in a more efficient way so on the homepage you can see your Holdings currently I have 100 Canadian dollars in the account

And if you buy different cryptocurrencies they will show up here so if I bought $100 worth of bitcoin that will show up on my homepage now there is a watch list feature where you can search for different cryptocurrencies and if you’re interested in keeping tabs on specific

Cryptocurrencies well you can do that by just hitting on this start button and then they will show up on your watch list so we’ll go back over here and you can see I’ve got all these cryptocurrencies on my watch list now and then of course there is the market

Tab where you can simply track all of the different cryptocurrencies that are available for sale on Newton now I think Newton is currently undergoing some upgrades because usually they do have a graph or a chart here that shows your portfolio’s balance over time but currently that appears to not be working

Anyways on the right hand side here these are the buttons where you can add funds so I already showed you how you can add cryptocurrency you can withdraw funds by hitting on this button and when it comes to withdrawing you can link your bank account directly you can send

Crypto to a wallet or you can just withdraw via an e transfer all of which are easy and will take only a couple of minutes max and then when it comes to actually trading cryptocurrency on Newton there’s two ways you can do it there’s the beginner or basic trade by

Just hitting on this button here you can select which cryptocurrency you want to trade by scrolling through the list or by searching for it here and there’s three different order types you can do Market limit or recurring Market is where you just buy whatever cryptocurrency it is at the current

Market price of course minus the bid ask spread the the limit order is where you set a specific price here so if I was hoping that the price of eth would go down I could set a price Target and then enter a limit order and then if the

Price of that crypto asset ever actually hits my Target price the order will be executed and then there is a recurring buy feature that works with Market orders only so if I toggle that I can choose to continually buy cryptocurrency at a specific frequency so it could be

Daily weekly bi-weekly or monthly and then as long as I have the funds in my account to support it it will automatically purchase cryptocurrency at a specific time and so this is a great feature if you’re hoping to dollar cost to average into a cryptocurrency

Position over time so if I wanted to buy let’s say $100 worth of ethereum every month I could set up a recurring buy order by doing that hidden review trade and then confirming it so that is the basic trading feature now another way that you can trade is by hitting on the

Market tab or by going to your watch list and then selecting a cryptocurrency so let’s say arbitrum here now it’s going to pop up here showing you a chart you can have a line chart or a Candlestick chart and you can toggle the different time Horizons that you want to

Look at with these charts and so this is a little bit more of an advanced way to trade you can monitor the asset and then choose when you want to buy or sell it now currently something I should note is that you can only trade in pairs between

Cryptocurrency and CAD so you can’t for example swap directly between Bitcoin and eth or between eth and salana you have to go to CAD and then you can make another trade to a different cryptocurrency anyways once you are ready to make a trade you can hit make a

Trade here and you’ll be able to make a purchase so let’s actually say that I’m going to buy some eth I’m going to buy 50% of my net assets or $50 of eth I will do this as a market order hit review trade it pops up down here asking

Me to confirm that I’m satisfied with this if I wait for more than 10 seconds the quote will expire and then I’ll have to refresh it get a new quote so let’s go ahead and do that and then I will confirm the trade by just hitting that

Button there and it will go through automatically Okay so success I purchased 0.016 eth for about $50 Cad and actually if I wanted to see what the actual market price of this would be it’s closer to 4937 instead of the $49.99 that I paid so that tiny difference is the bid ass

Spread the commission that Newton is taking for the trade now if I had done a limit order it would show up here in open orders and it would stay down here until the price Target that I set gets hit so going back to the dashboard now

You can see I have two Assets in my portfolio I have Canadian dollars and I have ethereum now if I wanted to sell eth I would do the same process I would open it up hit make a trade and then if I toggle this button right here it will

Swap to trade from E to CID instead of Vice Versa and I can choose how much I want to sell and then hit review trade and confirm the trade however I do not recommend actually using Newton like I said for frequent trading I think this is better as an onboard or an on-ramp

Platform so buy cryptocurrency and then transfer it off platform either to a hardware wallet or to a decentralized exchange where you can use defi platforms to trade for much lower fees so yes hopefully you found this review and tutorial helpful if you wanted to sign up for Newton I will leave my link

Down below and if you sign up with that link you will get a $25 bonus once you fund your account and start trading thanks so much for watching and I hope you have a great day