Why Interac e-Transfers are key for Crypto Trading — Deposit & withdraw quickly on Newton
Newton is Canada’s first no-fee cryptocurrency trading platform. We currently support BTC, ETH, LTC, XMR, XLM, XRP, USDC, BCH, QCAD, and USDT.
Crypto trading, like other commodity and secondary markets, is all about responsiveness, information, and an investment in a great gaming chair. You have a lot riding on the coattails of those burning candlesticks, and Interac e-Transfers change the game.
Recently, we added the option to deposit and withdraw via Interac e-Transfer to the web and Android apps. Now, we’ve also added e-Transfer deposits to the iOS app.
Yes, Interac e-transfers are now available on iOS!
You can now quickly deposit, trade, and withdraw crypto all without connecting a bank account.
Here’s why speedy deposits, trades, and withdrawals matter in crypto:
- Taking advantage of arbitrage opportunities. You’re looking to cash in on price differences between cryptocurrencies on one trading platform or between cryptocurrencies on more than one platform.
- Using crypto as currency. You want to use your crypto as a currency. You don’t want to wait a million years to use a coin at a certain value; you want to be able to send your crypto to a vendor’s external wallet now [but, you still want to purchase at the best prices in Canada, ;) ].
- Securing your crypto. You want to take your crypto off the trading platform quickly. Most platforms aren’t insured (we are!), but even if they were, most aren’t intended to be external crypto wallets and shouldn’t be treated as such. Here’s a good list of recommended external wallets to store your crypto.
- Buying coins on other trading platforms. You want to trade your crypto on another trading platform. If certain coins aren’t offered on a trading platform, traders may choose to send them to another trading platform (e.g. to purchase another coin, such as Chainlink, for example — we hear you, folks!).
- The Canadian crypto industry needs it. It’s about time the Canadian crypto industry started playing hardball. Yeah, we couldn’t agree more.
Create your Newton account today and start trading.
But why trade on Newton?
For starters, we have the best prices in Canada, offer no-fee trading with an ever-expanding list of coins, and offer institutional-grade custody through our partnership with Balance.
Translation: we’ve got the best prices, are always focused on growing, and have a commitment to keeping your assets secured.
So, really, why not? 😉
