Newton crypto wallet full review: is it safe?
If you are a Canadian looking to trade cryptocurrencies through a low-cost wallet, you need to read this Newton crypto wallet review! Find out how to buy, sell, and trade Bitcoin, Ethereum, Litecoin, etc.
by Aline Augusto
Newton crypto wallet: trade Bitcoin, Ethereum, Litecoin, and more!
By now, you are probably aware that you need a wallet to trade your cryptocurrencies. If you are a beginner, you may face the challenge of finding one that fits your profile, budget, and goals. Also, being tuned to what the market has been launching is an excellent way of considering better options if you are an expert. Today, we brought you a Newton crypto wallet review to help with you that process.
So if you live in Canada and want to trade the leading digital coins like Bitcoin, Ethereum, and Litecoin, keep reading to find out everything about the Newton wallet!
How does the Newton crypto wallet work?
Newton is a custodial wallet that features low fees and an easy-to-use platform. Let’s begin with the costs, then.
First of all, there are no withdrawal, commission, or funding fees. In addition, they claim to cover the first $5 in network fees for each trade you make.
Also, it offers more than 60 cryptocurrencies at low spreads like Bitcoin, Ethereum, Litecoin, and more.
Secondly, you can fund your account through e-Transfers, wire transfers, pre-authorized debit, and crypto. So, if you are looking for a wallet that makes your life easier, Newton is an excellent option.
Newton has most of the cryptocurrencies stored in secure places with no internet connection when it comes to security.
Furthermore, it does daily off-site backups, direct bank integration so it can minimize fraud, institutional-grade storage, and more.
This company is Canadian, made for Canadians, and it proudly complies with PIPEDA and FINTRAC.
The customer data is stored in Canada, and it provides exportable tax reports.
You can sign up for an account through a desktop version or a mobile one, whether you have an IOS device or Android.
Is Newton a good crypto wallet?
Newton has developed a custodial wallet that meets the security requirements when it comes to Canadian jurisdiction and cryptocurrency protection measures.
Newton is one of the lowest-cost wallets in Canada, and it features a good range of cryptocurrencies, including Bitcoin, Ethereum, and Litecoin.
Moreover, it allows you to transfer your fund or leave it with them.
Check out the complete list of pros and cons before signing up for it.
- Third-party custody with security measures in compliance;
- Competitive spreads and no withdrawal, commission, or funding fees;
- Great and easy-to-use platform with desktop, IOS, and Android versions and instant verification;
- High liquidity;
- It offers a sign-up bonus and referral program.
- Only available for Canadians and permanent residents;
- A limited number of digital assets compared to other companies.
Should I use the Newton wallet?
If you are a Canadian looking for a third-party custodial wallet, Newton is definitely a fantastic choice for you.
Follow the link below for the application process!
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