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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    Newton vs Coinbase: Which One is the Best?

    Newton crypto review
    4.1
    4.1/5

    Read Disclaimer

    Coinbase-australia-Review
    1.6
    1.6/5

    The Newton vs Coinbase comparison is pertinent as investors often have to choose between one of the top cryptocurrency exchanges in Canada.

    Crypto investors in the Great White North can easily opt for Newton’s standard crypto retail platform to buy cryptocurrencies. The company allows users to purchase crypto in Canadian Dollars (CAD).

    On the other hand, Coinbase is a global cryptocurrency exchange with both standard (basic) and advanced (pro) trading features. These features provide ease to both experienced and beginner traders in Canada and beyond to buy, swap, trade, and invest in cryptocurrencies and other digital assets.

    After using both crypto exchanges, this Newton vs Coinbase review compares them to help Canadian traders and investors make a sound choice between the two.

    Newton vs. Coinbase: Verdict

    Our pick in this comparison is Coinbase due to the platform’s security, features and benefits.

    Newton Logo

    Pros

    Cons

    Coinbase Logo

    Pros

    Cons

    Newton vs. Coinbase: Unique Features

    Trading Platforms

    Coinbase Dashboard

    Newton has a simple, responsive web interface and a user-friendly mobile application. The exchange has no advanced features or charting tools, further supporting its claim to attract inexperienced Canadian traders to purchase and sell cryptocurrencies without hassles.

    The Coinbase app and website offer a simple trading platform for beginners and an advanced platform for experienced investors. The original Coinbase platform is simple and straightforward, while the advanced platform (Coinbase Pro) comes with different charts and features for advanced trading. Therefore, Coinbase serves users who prefer a platform with simplicity and others who fancy a platform with advanced trading features.

    Crypto Services

    Newton crypto prices

    Newton only offers spot trading services to its clients. Coinbase, on the other hand, offers other crypto-related services apart from trading. Investors can do much more with their crypto holdings on Coinbase with the following crypto services:

    • Crypto staking
    • Spot trading
    • Crypto borrowing and lending
    • Coinbase Crypto Visa Card
    • Crypto Payroll Services
    • NFT Marketplace, etc.

    Winner in Unique Features

    In terms of features, Coinbase is the clear winner. The crypto exchange offers a wider range of features, providing more options for investors to make profits.

    Newton vs. Coinbase: Cryptocurrencies Available

    Coinbase offers users 100+ cryptocurrency options to trade and invest in. Some of the available cryptocurrencies on the Coinbase exchange include:

    • Ethereum (ETH)
    • Bitcoin (BTC)
    • Avalanche (AVAX)
    • Litecoin 
    • DOGE
    • XRP
    • Bitcoin Cash, etc.

    In contrast, the Newton exchange lists 70+ crypto assets investors can buy, sell, and trade, which is lower than Coinbase’s. However, the platform offers crypto coins that are rarely available on other popular Canadian exchanges alongside viral ones. Some of the available crypto coins options include:

    • Aave (AAVE)
    • Bitcoin (BTC)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Compound (COMP), etc.

    Winner in Crypto Availability

    Again, Coinbase wins this category because of its additional coin options. However, Newton may be perfect for investors looking for altcoins and other unpopular cryptocurrencies.

    Newton vs. Coinbase: Can You Buy and Sell NFTs?

    Coinbase NFTs Marketplace
    Coinbase supports non-fungible tokens (NFTs) like many other global cryptocurrency exchanges. The exchange has an NFT marketplace where investors can mint, buy and trade NFTs. In contrast, Newton doesn’t offer NFT trading or investing. This limitation might make it less desirable for investors who want to add upcoming NFTs to their investment portfolio.

    Winner in NFTs Availability

    Coinbase is the winner in this category as well because its available NFT marketplace offers users a better trading and investment experience.

    Newton vs. Coinbase: Fees

    Coinbase uses a maker-taker fee model. Maker fee ranges from 0.00% to 0.40%, while Taker fee ranges from 0.05% to 0.60%. However, only high-volume traders are eligible for the lowest possible fees. According to the Coinbase website, high-volume traders have investments worth $250 million and above.

    Also, Coinbase charges a 2.49% fee for debit and credit card transactions, a $10 and $25 fee on wire deposits and withdrawals, respectively, and 0.5% to 2.0% on crypto transactions. However, Automated Clearing House (ACH) transfers are free on both Coinbase and Coinbase Pro.

    Newton, on the other hand, has no exchange fees. The platform has no charges for deposits and withdrawals as well. Instead, Newton uses a spread payment method where traders pay between 0.50% – 2.20% for bid-ask prices on the platform’s sell and buy orders. Users may also need to pay network charges – depending on the coin chosen for deposits or withdrawals.

    Winner in Fees

    In terms of cost, Coinbase is cheaper. Coinbase fees are a little below Newton’s, which can make the difference - especially for high-volume traders.

    Newton vs. Coinbase: Payment Methods

    Newton and Coinbase offer Canadian-friendly payment methods to make the platforms more accessible to the average Canadian investor. Both platforms offer diverse payment methods, including fiat.

    Newton offers a fiat service payment that allows users to integrate the platform into their bank accounts for bank transfers, wire transfers, and electronic transfers.

    In addition, the exchange accepts payment in the form of 25+ cryptocurrencies. However, all the payment options are paired with the Canadian Dollar (CAD).

    Coinbase does not support using a bank account as a payment method for Canadian customers. Coinbase account owners from the country can buy crypto via debit card. The debit card option is limited to purchases only, but they can sell crypto using PayPal.

    Winner in Payment Methods

    Newton offers Canadian traders more payment options, including fiat and crypto transactions. That means the company is better than Coinbase in this regard.

    Newton vs. Coinbase: Security

    Newton and Coinbase employ different security measures to ensure investors are safe and their data, funds, and assets are secure.

    According to Canada’s laws and industry regulations, Both exchanges enable the Know Your Customer (KYC) and Anti-money Laundering (AML) procedures and require all users to disclose and verify their identities.

    Besides the KYC/AML procedure, both platforms store a significant percentage of users’ assets in offline cold storage. Newton claims to store 80%, and Coinbase says it stores a significant amount of users’ assets in a cold wallet to secure against hacks and threats.

    However, Coinbase offers additional safety measures like a custodial insurance fund (currently $250,000 per individual) insured by the Federal Deposit Insurance Corporation (FDIC). Coinbase account owners can also deploy address whitelisting to protect funds from hackers or theft.

    Winner in Security

    With the additional privacy features Coinbase offers its customers, the platform is a more secure option for Canadian traders and investors.

    Newton vs. Coinbase: Earn/Staking Rewards

    On Newton, customers can store cryptocurrencies in the Newton crypto wallet whenever they wish and for as long as they want. However, our review did not discover any form of crypto staking available on Newton, as there’s no related information on the website.

    Coinbase has a built-in staking feature that users can deploy to stake tokens in just a few taps. With the Coinbase Earn/Staking feature, investors earn interest on the different cryptocurrency options available for staking, including Ethereum and the platform’s native token, USDC. Similarly, investors are rewarded with up to 5.75% annual percentage yield (APY) by using the Coinbase Earn feature.

    Coinbase staking rewards

    Winner in Earn/Staking Rewards

    The staking feature on Coinbase gives the company an edge in this regard.

    Newton vs. Coinbase: Usability

    Coinbase prioritizes usability and offers two platforms to its users on both mobile and desktop channels. The basic Coinbase platform has a simple user interface, making it suitable for beginners to navigate the platform easily. There’s also a Coinbase Pro platform for experienced investors who need advanced Bitcoin trading features like charts, stop loss orders, margin trading, etc.

    Newton also offers an easy-to-use interface on its mobile and desktop channels. All levels of users can easily sign up and use the platform.

    Winner in Usability

    Both crypto exchanges offer simple usability and easy access. There is no obvious winner for this category as they offer user-friendly mobile and desktop applications.

    Newton vs. Coinbase: Customer Service

    Both exchanges dedicated customer support teams are available to customers 24/7.

    However, according to numerous online reviews, Coinbase has sub-par customer service experience. The platform has a 1.6-star rating from a possible 5 on TrustPilot, with a lot of negative feedback surrounding how the support team is inefficient and unable to solve numerous problems.

    In contrast, users laud Newton’s customer support team for the top-notch customer service it offers. The company has a 4.1-star rating from a possible 5 on TrustPilot. The customer support team is also reportedly patient and swift when handling issues.

    Newton customer support

    Winner in Customer Service

    The obvious winner in this category is Newton, with numerous positive feedback from 300+ users.

    Conclusion: Final Verdict

    This review has highlighted each platform’s unique features and offerings in this Newton vs Coinbase review. Both platforms offer a simple interface that makes it easy for all kinds of investors to get started and invest easily.

    Coinbase offers a more secure platform and a wider range of cryptocurrency options from which traders can choose. In comparison, Newton is a less reliable trading platform with 70+ cryptocurrencies, but it offers altcoins and less-popular cryptocurrencies with no trading fee.

    In addition, Coinbase has an NFT marketplace, a staking feature, and advanced trading features suitable for experienced investors with a diversified investment strategy. On the other hand, Newton has numerous positive reviews and feedback from existing customers who commend the exchange’s customer support team.

    Overall Winner

    Overall, Coinbase comes out on top in this Newton vs Coinbase review because of the additional security, offerings, and benefits users can enjoy using the platform.

    FAQ

    Most frequent questions and answers

    To withdraw cryptocurrency from Newton, users should log in to their existing account and tap on the “transfer” icon at the base of the dashboard. Select “Crypto to Wallet”, choose the coin to withdraw, enter the amount and the receiving wallet address, and complete the transaction.

    Coinbase is a global cryptocurrency exchange, but other global players, like Binance and Crypto.com, are suitable for Canadian investors as well.

    Binance charges lower fees than Coinbase. Binance attracts a 0.10% fee without withdrawal or deposit charges, which is cheaper than Coinbase’s 0.06% fee plus an additional deposit and withdrawal fee. 

    Newton, Binance, and ZenGo offer the best crypto wallets in Canada.

    Coinbase charges a wire fee of $10 for deposits and $25 for withdrawals.

    Shakepay supports only Bitcoin and Ethereum, while Newton offers up to 70+ cryptocurrencies, including altcoins. Due to its extensive range of crypto assets, investors may choose Newton over Shakepay.