Luis Clark
Luis Clark
Luis is a personal finance expert who has been passionate and writing about crypto for more than five years.
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    7. Coinberry vs Newton:...

    Coinberry vs Newton: Security, Features & Fees

    Coinberry Logo Review
    3.5
    3.5/5

    Read Disclaimer

    Newton crypto review
    4.1
    4.1/5

    Coinberry and Newton offer Canadians a hassle-free way to buy Bitcoin, Ethereum, and other cryptocurrencies.

    Newton takes pride in being the first fee-free digital asset exchange in Canada, and Coinberry is Canada’s first crypto-only regulated platform. The two platforms also support fiat deposits – using the Canadian Dollar (CAD) – as a payment method.

    After detailed research, this Coinberry vs Newton review compares both crypto exchanges to help Canadian investors choose the right crypto trading platform.

    Coinberry vs. Newton: Verdict

    Our pick in this comparison is Newton due to the platform’s broad range of features and lists the most popular coins for Canadian traders and investors

    Coinberry Logo

    Pros

    Cons

    Newton Logo

    Pros

    Cons

    Coinberry vs Newton: Unique Features

    Trading Options

    Coinberry Exchange

    Coinberry offers users access to instantly purchase Bitcoin, Ethereum, Bitcoin Cash and other digital assets in Canada. However, there’s no advanced feature available. Users are limited to only market orders and limit orders on the platform.

    Newton on the other hand has limitations in terms of pro trading. However, users are provided with the spot trading feature.

    Both exchanges have limitations in terms of crypto trading. They are mainly designed for beginners and offer little to no advanced trading features.

    User Interface

    Newton Home Page

    Coinberry’s trading platform is simple and easy to use. The intuitive desktop trading platforms allow traders to buy crypto on the go with just a few clicks. The platform also offers limit orders to investors who want to further manage their cryptocurrency holdings during trades.

    Newton offers a basic trading platform allowing users to instantly initiate buy and sell orders by using the “Make a Trade” function on the platform. Like Coinberry, Newton lacks pro trading features, but the platform comes with market and limit orders.

    The Coinberry and Newton platforms are ideal for Canadian newbie investors who are looking for a straightforward, decongested platform to trade crypto. Their desktop platforms and mobile apps are also easy to navigate.

    Crypto Services

    As stated earlier, Newton and Coinberry offer only basic trading services to their clients. Both platforms are on the same level, with little to no pro trading features.

    Neither Coinberry nor Newton have a native crypto token. But Coinberry’s services transcend beyond only crypto trading and investing.

    For payments, the platform has a Coinberry Pay feature that allows traders with Coinberry accounts to accept cryptocurrency payments, convert funds into CAD, and deposit them into a bank account.

    Another additional crypto-related service Coinberry offers is a crypto tax calculator, which can be used for easy tax filing and reporting to the Canada Revenue Agency (CRA).

    Winner in Unique Features

    With these additional non-trading services, Coinberry wins in this category.

    Coinberry vs. Newton: Cryptocurrencies Available

    Coinberry offers users 35+ cryptocurrencies that traders can buy, sell, trade, and invest in. Popular coins on Coinberry include:

    • Bitcoin
    • Cardano
    • Polkadot 
    • Chainlink 
    • Filecoin
    • Vechain
    • Tron
    • Solana
    • Eos, etc.

    On the other hand, Newton supports 70+ crypto coins investors can buy, sell, and trade. Some of the available crypto coins on Newton include:

    • Bitcoin
    • Bitcoin Cash
    • Curve DAO Token
    • Dai
    • Enjin Coin
    • Maker DAO 
    • Aave

    Winner in Crypto Availability

    Newton wins this category because of its more extensive coin offering.

    Coinberry vs. Newton: Fees

    Newton Fees

    When it comes to trading cryptocurrencies like Bitcoin Cash or Ethereum, the platform’s trading fee must be taken into consideration. Coinberry also attracts no exchange fees. Instead, the exchange charges a 0% to 2.5% spread, which is relatively high compared to the industry average.

    On the other hand, Newton has zero exchange trading fee attached. The Canadian exchange also doesn’t charge deposits or withdrawal fees. The exchange also covers up to $5 in gas fees when users initiate crypto withdrawals.

    Instead of charging a trading fee per transaction, Newton uses a spread payment method.

    Winner in Fees

    Newton wins because it charges lower spreads

    Coinberry vs. Newton: Payment Methods

    Coinberry and Newton both support Canadian dollars payments.

    On Newton, users can deposit and withdraw funds using bank transfer, crypto payments, and the built-in Interac e-Transfer.

    Meanwhile, on Coinberry, users are limited to bank Interac e-Transfer and wire transfers as payment options.

    Despite supporting fiat via wire transfer, the two platforms don’t support card payments or e-wallets like PayPal, Skrill, and Neteller.

    E-transfer Coinberry

    Winner in Payment Methods

    Newton slightly edges Coinberry with its crypto payment feature. That means Newton wins again in this category.

    Coinberry vs. Newton: Security

    Coinberry and Newton have the Know Your Customer (KYC) and Anti-money Laundering (AML) procedures requiring all users to complete identity verification. Coinberry and Newton also store most of their customers’ funds in offline cold storage to secure against cyber attacks and theft. Newton particularly states that it stores 80% of its customers’ assets in cold storage.

    Both platforms also allow users to safeguard their accounts using two-factor authentication (2FA), biometric login, security questions, mobile notifications, one-time passwords (OTPs), etc. However, 2FA is not the best security measure because hackers can still navigate it.  

    To further protect its customers, Coinberry has a secure insurance fund with the Lloyd’s of London insurance company to repay users if the exchange gets breached or hacked with funds stolen. Coinberry is also more regulated than Newton because of its registration with the Personal Information Protection and Electronic Documents Act (PIPEDA). 

    In addition, Coinberry partners with a reputable custodial service provider, Gemini, to store investors’ assets. With the partnership, Coinberry investors are insured up to $200 million for cold crypto asset storage.

    Winner in Security

    Coinberry’s additional security features make it a more secure option for crypto trading and investing in Canada. With this, Coinberry wins in terms of safeguarding funds and customer data.

    Coinberry vs. Newton: Earn/Staking Rewards

    Another important feature crypto investors look out for when considering a crypto exchange is staking features. Investors can position themselves for more profit by locking up a portion of their crypto holdings with crypto staking.

    However, throughout our review of both exchanges, we did not discover any form of crypto staking feature available on Coinberry.

    On the other hand, Newton has a new stake-to-earn feature called Newton Earn. The feature is yet to be launched, but the website states that users will be able to earn rewards when they lock up crypto assets in their Newton wallets. Interested investors can join the waitlist for more updates.

    Winner in Earn/Staking Rewards

    Newton has the upper hand in this section, although its earn feature is yet to be launched.

    Coinberry vs. Newton: Usability

    According to online Coinberry reviews and experience during our research, the platform prioritizes accessibility and easy navigation. The mobile and desktop channels have a simple user interface to give users the ultimate experience.

    Newton also offers an easy-to-use interface on its mobile and desktop platforms, making it easily accessible to all users.

    Winner in Usability

    Coinberry and Newton offer no distinct pro-trading features for advanced traders. That means the platforms are pretty straightforward, and beginners can buy crypto and sell easily. Again, there is no obvious winner for this category.

    Coinberry vs. Newton: Customer Service

    Coinberry and Newton have dedicated customer support teams available to customers 24/7. Both exchanges also have learning resources and FAQ sections where users can navigate to solve challenges they may face using the cryptocurrency exchanges.

    Similarly, the customer service team on each platform can be reached via phone support, email, and live chat support channels.

    However, going by numerous online reviews, Coinberry has negative feedback about the email and phone support teams and their negligence in resolving user fund withdrawal issues. The crypto exchange has a 3.5-star rating from a possible 5  after 831 reviews on TrustPilot.

    In contrast, existing users commend Newton’s customer support team for its excellent service and live chat support. The platform has a 4.1-star rating from a possible 5 on TrustPilot, and the support team is also reportedly patient and swift when handling issues.

    Newton customer support

    Winner in Customer Service

    Newton beats Coinberry in this category because of its numerous positive feedback and a better overall rating.

    Conclusion: Final Verdict

    Coinberry and Newton offer Canadian traders easy and fast ways to buy and sell cryptocurrency. Both platforms offer a simple interface – with no pro trading features – making it easy for investors on all levels to sign up and start trading. They also charge no deposit or withdrawal fees.

    Coinberry offers more security and is best for beginners looking for convenient ways to buy and sell crypto. However, Newton supports more cryptocurrency options with tighter spreads and high liquidity.

    Newton also has its advanced trading platform, called Newton Pro, in the works. The platform is currently in its beta stage, and experts can take advantage of it when it launches. With Newton Pro on the way, advanced traders will naturally gravitate towards the Newton exchange.

    Overall Winner

    In conclusion, Newton is the better choice because it’s more affordable, lists the most popular coins for Canadian traders and investors, and is implementing its pro trading and stake/earn features.

    FAQ

    Most frequent questions and answers

    Coinbase and Binance are some of the cheapest cryptocurrency exchanges for Canadian investors looking to buy and sell crypto with low fees.

    Newton is a Canadian crypto exchange headquartered in Toronto, Ontario, Canada. The platform is suitable for Canadian investors looking to invest in a wide range of crypto assets.

    Andrei Poliakov is Coinberry’s CEO and co-founder. He founded Coinberry in 2017, and the exchange is now a leading Canadian crypto trading platform.

    The Coinberry wallet is safeguarded against phishing and exchange hacks. Coinberry has no history of hacks or theft.

    Coinberry allows users to transfer crypto funds from the Coinberry wallet to another wallet with a few clicks.

    Binance Canada has a wide range of crypto assets that traders can buy, sell, and trade. The exchange supports 350+ coins, including Bitcoin, Ethereum, Doge, and BNB.

    Newton is more suitable for beginner traders because it offers a basic, easy-to-use interface. NDAX offers basic and pro trading platforms for beginner and experienced traders, making it the perfect exchange for both trader experience levels.