Newton Vs Uphold: Which Is Better For Canadians In 2026?

How Do Newton And Uphold Compare, Fact By Fact?

Every row below comes from each company’s own pages and the Canadian registries, checked October 2026. Where a row has no fair winner, it says so.

What Are The Key Differences Between Newton And Uphold?

How Do You Fund And Cash Out Newton And Uphold In Canada?

Account verification is required before any deposit. Crypto withdrawals to an external address need the address saved in your address book first. Canadian crypto remaining after 2025-09-08 was converted to CAD. Withdraw by logging in. Unclaimed funds may eventually be surrendered under unclaimed property laws.

What Does It Actually Cost To Buy On Newton?

Newton: Standard Silver-tier spread fee shown at trade time: 1.00% to 1.15% on BTC, ETH and USDC, up to 1.60% on other assets, checked 2026-10-03 on Newton's fee article. Signature status lowers it, to 0.05% at CAD 5M of trailing 365-day volume. Neither publishes a maker and taker schedule because there is no order book: the spread is the fee. If cost matters most, NDAX (flat 0.20%) or Kraken Pro are cheaper places to buy in Canada. Ranges reflect each platform’s published band, not a single quote. Bank and network fees are not included.

What Do Newton And Uphold Offer Beyond Buying And Selling?

Newton Only

• Signature Program: Fee tiers assigned automatically by trailing 365-day volume: Gold CAD 100K (BTC, ETH, USDC at 1.00%), Platinum CAD 1M (0.85% and 1.00%), Diamond CAD 2M (0.50%), Onyx CAD 5M (0.05%).
• Staking: Up to 4.5% APY shown for ETH, SOL and ADA (estimates, not guaranteed). Newton keeps 30% of ETH rewards plus execution income, 27% of SOL rewards plus MEV rewards, and 7.5% of ADA rewards. Staked assets are locked.
• Recurring buys: Set an amount, a coin and a frequency for automatic purchases.
• Referral program: A friend gets a CAD 20 bonus after signing up and trading CAD 100 within 90 days; the referrer earns up to CAD 100 depending on activity.

Uphold Only

• Anything to Anything: One-step swaps between crypto, metals and currencies. Not available to Canadians.
• Vault: Self-held Vault accounts can be recovered through the Vault Recovery Site while you hold your private keys; Uphold keeps its Vault key 12 months after closure.

What Happens To Your Money If Newton Or Uphold Fails?

Newton: As a CIRO investment dealer member since March 2026, cash left in a Newton account is covered by CIPF, but Newton states crypto is not protected by CIPF, CDIC or any investor protection scheme. Over 80% of assets are kept offline and Newton says it carries crypto insurance, but it gives no amount and the custodian is not named on the current page, and no proof of reserves is published. An exchange hack or insolvency would leave you relying on that insurance and on the dealer's regulatory capital rules for the portion you cannot withdraw in time.

Uphold: Uphold's pre-registration undertaking was withdrawn and its Canadian MSB registration expired, so no Canadian regulator covers a leftover balance. Crypto left after 2025-09-08 was converted to CAD and can still be withdrawn by Interac; do not leave it there, because unclaimed funds may be surrendered under unclaimed property laws. Vault users must act within the 12-month key window. Uphold says it hopes to return, but no date exists.

How Are Newton And Uphold Treated For Tax In Canada?

Newton: Selling, swapping one coin for another and staking rewards are dispositions or income; buying and withdrawing to your own wallet are not. Newton exports your history as a Koinly-formatted CSV and links directly to Koinly; there is no CRA-ready report from Newton.

Uphold: The forced conversion to CAD after 2025-09-08 was a disposition, and trades on Uphold were dispositions for CRA purposes. Export your full history while you can still log in. Export formats: Not published.

Selling, swapping or spending crypto is a disposition for the CRA on any platform. This is not tax advice: see my guide to crypto taxes in Canada.

Which Should You Choose, Newton Or Uphold?

Choose Newton If

• You want a Canadian-only CIRO dealer with free Interac and EFT funding and a simple app.
• You trade small amounts of the majors and prefer one visible price over order book mechanics.
• You trade over CAD 1M a year and can reach Signature tiers that cut the fee below 1%.

Choose Uphold If

• You want a registered platform that serves Canadians today: Coinbase is our number one replacement, with free Interac e-Transfer funding and a Canadian restricted dealer registration.

What Happened To Uphold?

Left Canada

Uphold stopped supporting accounts for Canadian residents on June 11, 2025, and it says it hopes to return. It never appeared on the CSA's list of authorized platforms. It had filed a Pre-Registration Undertaking with the CSA on March 27, 2023, and delivered a notice of withdrawal on May 29, 2025, a couple of weeks before it pulled the plug.

Its FINTRAC registration for the Canadian entity, UPHOLD OPERATING CANADA LTD., is listed as expired on January 27, 2026. So there is no regulated Uphold service for Canadians today, whatever the website says about a comeback.

What Should Uphold Users Do Now?

If you still have a balance, the clock has already run. The withdrawal deadline for Canadian users was September 8, 2025, and after that date any crypto still in an account was converted to CAD. Accounts with balances can now only withdraw CAD by Interac, with limits of CAD 10,000 per transaction and CAD 100,000 per day.

Log in, withdraw the CAD, and move on. Do not wait for a relaunch before acting on money that is already yours.

What Should Uphold Users Use Instead?

Newton: An Available Option

Newton is the available side of this pairing, and it is best for a cleaner app and a CIRO-supervised dealer.

Newton takes free Interac e-Transfer, wire and pre-authorized debit (EFT) deposits. Interac requests top out at CAD 10,000 per transaction and CAD 70,000 per week. Withdrawals carry no stated fee: Interac goes out at up to CAD 10,000 per transaction and CAD 50,000 per week, and wires go up to CAD 1,000,000.

Newton Crypto Ltd. became a CIRO investment dealer member on March 18, 2026, and it also sits on the CSA list (original decision August 15, 2022). It is a FINTRAC-registered money services business too. Newton says over 80% of assets are stored offline in cold storage and that it maintains crypto asset insurance. It is a CIPF member for cash, but crypto is not protected by CIPF.

Newton's interface remains one of the cleanest in Canadian crypto: modern, casual in tone, and simple enough that a first-time buyer can fund via Interac and place a trade within minutes. The iOS app is rated 4.62 across 24,473 Canadian App Store ratings, and Google Play shows 4.3 from 8.14K reviews.

Newton: Pros And Cons

Visit Newton Read My Newton Review

Wealthsimple Crypto: An Available Option

Registered mainstream Canadian platform with simple CAD funding for a casual multi-asset buyer. That is the nearest fit for Uphold users.

Wealthsimple takes free Interac e-Transfer deposits of up to CAD 10,000 each, or whatever your bank allows. Crypto withdrawal limits are up to CAD 10,000 a day and CAD 25,000 a week across all coins, according to a summary of the help centre. A CAD withdrawal fee was not found.

Wealthsimple Investments Inc. is a CIRO investment dealer member and sits on the CSA list (decision December 18, 2023, amended December 22, 2025). Wealthsimple says crypto is held in trust and that its custodial partners each carry over $75M of cold storage coverage. Cash is covered by CIPF, crypto is not.

Wealthsimple's iOS app is rated 4.62 across 129,832 Canadian ratings, a very large base, and Google Play shows 4.1 from 81K reviews.

Wealthsimple Crypto: Pros And Cons

Visit Wealthsimple Crypto Read My Wealthsimple Crypto Review

Is Newton A Good Replacement For Uphold?

On the verified facts, Newton is a workable replacement for most Canadians who used Uphold, within the limits laid out above. It does not copy everything Uphold offered, so check your own use case before you move money. The comparison table at the top of this page lays out status, fees and coins side by side.