Affiliate Disclaimer – We earn from qualifying purchases.
Choosing the best crypto exchange between Newton vs NDAX will ultimately depend on a few factors. Mainly how much you want to buy/sell and if you want to trade or just buy and hold. I have used both of these exchanges for more than 4 years now and this is what I would recommend and why.
TL;DR Summary
- Newton – Easy to use exchange for beginners with lots of altcoins. Best overall exchange for most people.
- NDAX – Best for traders. Stake crypto to earn interest rewards.
- For Fees: Use Newton to buy/sell less than $5K worth of crypto and use NDAX if you want to buy/sell more than $5K.
Newton
Why I LIKE Newton:
- Low Spreads
- Almost Instant eTransfer Deposits/Withdraws
- Recurring Buys
- Lots of Altcoins to Trade
- Usually Free to Withdraw Crypto
- Multi-network support
- Easy to use
Why I DON’T LIKE Newton:
- Fee to withdraw crypto can be confusing
- Surge pricing
Read my Newton Review
Newton Fees
- Deposits and withdrawals: $0
- Spread: ~0.75% to 1.5%
- Crypto withdrawal: Free up to $5 of network fees
- Check fees and prices on Newton
Funding & Withdrawal Options
- Interac E-Transfer
- Wire Transfer
- Bank Transfer
- Connect your bank account with Plaid
Cryptocurrencies: 70+
✅ Newton Pros
- Low spread fee on trades.
- Easy to use and nice design.
- Lots of altcoins to trade and more are always being added.
- Multi-network support
❌ Newton Cons
- Verifying an account when signing up can take time.
- Can have difficulty at peak times.
- Customer service can be overwhelmed and take time to respond or you need to post on the Newton subreddit to get help.
NDAX
Why I LIKE NDAX:
- Tight Spreads
- NDAX has within-the-hour deposits/ Withdrawals to your bank account for OTC Trades
- Staking
- Quick Buy/Sell or Trading View
- Recurring Buys
- Advanced Order Types
- TradeView Charts
- Good Customer Service
Why I DON’T LIKE NDAX:
- Low trading liquidity compared to international exchanges like Kraken and Coinbase
- Fee to withdraw crypto
Read my NDAX Review
NDAX Fees
- Deposits and withdrawals: $0
- Spread: 0.2%
- Crypto withdrawal: 0.000399 BTC (~$13)
- Interac eTransfer withdrawals: $1.50
- Check fees and prices on NDAX
Funding & Withdrawal Options
- Interac E-Transfer
- Bank Draft
Cryptocurrencies: 30+
✅ NDAX Pros
- Dark mode
- Full exchange for traders
- Low spread fee
- Option to send coins on the Ethereum (ERC20) or the Binance Smart Chain (BEP20) networks
- Staking – Earn staking rewards from your crypto
- Tradingview Charts
❌ NDAX Cons
- Crypto withdrawal fee is high
Exchange Fees Comparison Table
Spread % | Withdraw Fee | Deposit Fee | # of Coins | ||
1 - 2% | $0 | $0 | 2 | ||
0.75-1.5% | Crypto: Free up to $5 | $0 | 60+ | ||
0.2% | Crypto:~$10 | $0 | 30+ | ||
0.5% | Fiat: $0 | $0 | 30+ | n/a | |
0 - 1.5% | Fiat: 1.5% | $0 | 25+ | ||
0.2 - 0.3% | Crypto: 0.00001 BTC | Fiat: 1.5% | 65+ | ||
VirgoCX | 0.5 - 2.5% | Fiat: $0 | $0 | 67+ | |
Coinbase | 0.5% | 1.49 - 3.99% | 1.49 - 3.99% | 100+ | |
Wealthsimple | ~1.5 - 2% | $0 | $0 | 49+ | |
Crypto.com | ~0.4% | Crypto:~$13 | $0 | 100+ | |
PayTrie | 0.6% | $0 | $0 | 7 stablecoins | n/a |
Bull Bitcoin | 0.5 - 1.25% | Crypto: you decide fee | $0 | 1 | n/a |
Coinsquare | 1.5% | Fiat: 0 - 1.5% Crypto: 0.0005 BTC | $0 | 39+ | n/a |
Bitcoin Well | 0.21% | Variable | $0 | 1 |
Customer Service / Platform Reliability
Newton has a larger amount of customers and at peak times can experience issues responding to all the support questions.
NDAX has holiday hours – meaning that on some Canadian long weekends, they are not able to process fiat transactions. They send an email notification ahead of time stating when this will be happening.
Comparatively, I would say that both Newton and NDAX would be similar when you weigh out the pros and cons of each.
Both exchanges are so far considered trustworthy and are NOT scams.
Conclusion — Newton vs NDAX
Newton is one of the best all-around Canadian crypto exchanges. Newton is an easy-to-use design and has a low spread fee and usually no* fee to withdraw crypto. make it a good choice if you like to dollar cost average, and then send crypto to your own wallet.
NDAX is a good trading platform. Buying/selling larger amounts (over $5,000) or if you want to stake some crypto. NDAX has a lower spread fee but a higher fee to withdraw crypto.
They also don’t offer the option to withdraw dollars via Interac e-Transfer. They only offer wire transfers for withdrawing fiat to your bank.
Because I am paranoid and don’t trust any crypto exchange, I always send my crypto to my own wallet and have multiple exchange accounts just in case.
If you were my friend I would tell you to sign up for both exchanges. Every exchange has some downtime and cryptocurrency is a 24/7/365 market.
You need to submit similar documents to verify your account and it is just easier to do it all at once.
This way when you want to buy/sell crypto and dollars — you have some options for getting the best fee at the time based on the size of your transaction, the coin, or the network you want to use. And just in case – better to be prepared ahead of time.
Nooxli is basic how-to crypto guides, reviews, and information for beginners to get started with cryptocurrency in Canada. Personal investment disclosure: I am long BTC & ETH. I take profits when I feel like it. I trade altcoins in hot markets. NOT investment advice. Investing in cryptocurrency is risky. Do your own research.
Seen in: Finbold, CoinMarketCap, Times Tabloid, and TheBitTimes.com
