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Newton vs. Bitcoin Well

Two ways Canadians can buy bitcoin. The difference is where your bitcoin ends up after you buy it.

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Where does your bitcoin end up?

With Newton, your bitcoin goes into your Newton account, held in their custody.

Bitcoin Well delivers every bitcoin purchase directly to a wallet you control.

Which is right for you?

Both platforms are open to Canadians and have different advantages.

Bitcoin Well is generally more suitable for bitcoin-focused users.

Newton may suit you if you want...

  • ETH, SOL, ADA and many other cryptocurrencies
  • staking available on various assets
  • wire transfers and pre-authorized debit, as well as Interac
  • your assets held in Newton’s custody, with a withdrawal to your own wallet as a separate request that must be approved

Bitcoin Well may suit you if you want...

  • the transparency of a publicly traded company
  • bitcoin delivered directly to your personal wallet on every purchase
  • private bitcoin purchases with a Lite Account & Cash Vouchers
  • your bills paid directly from your bitcoin wallet
  • Wishing Well rewards for every purchase or sale
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Newton vs. Bitcoin Well at a glance

Newton and Bitcoin Well both let Canadians buy bitcoin with Interac e-Transfer, but they’re built around different ideas.

Newton

An all-in-one custodial crypto account

  • Bitcoin, ETH, SOL, ADA and many other cryptocurrencies
  • Staking available on various assets
  • Your assets held in their custody
  • Regulated as an investment dealer
Bitcoin Well

Bitcoin delivered straight to your wallet

  • Bitcoin only, delivered by Lightning or on-chain
  • A fixed spread for purchases and sales
  • Lite Accounts for buying bitcoin privately
  • Cash purchases at 160+ Bitcoin Well ATMs

Trustpilot score

As of October 27, 2026

Bitcoin Well suits bitcoin-focused users who want control of their own keys.

Side-by-side comparison

How Newton and Bitcoin Well compare on the details that matter most when you buy bitcoin in Canada.

  • How it works

    Newton
    An all-in-one crypto account. Your bitcoin stays in your Newton account until you request a withdrawal.
    Bitcoin Well
    Bitcoin-only. Every purchase is delivered directly to your personal bitcoin wallet.

  • Where your bitcoin is held

    Newton
    Held in your Newton account, in their custody.
    Bitcoin Well
    In a self-custody wallet you control. Bitcoin Well doesn’t hold customer bitcoin.

  • What you can buy

    Newton
    Bitcoin, ether, solana, cardano and many other cryptocurrencies.
    Bitcoin Well
    Bitcoin only

  • Order types

    Newton
    Market and limit orders, and crypto-to-crypto swaps.
    Bitcoin Well
    One-time buys and sells at the quoted price

  • Recurring buys

    Newton
    Recurring buys from your CAD balance. The bitcoin stays in your Newton account.
    Bitcoin Well
    Recurring Buys, each delivered straight to your wallet

  • Cost to buy

    Newton
    1.00% to 1.15% on bitcoin. Signature pricing can fall to 0.05% at the highest tier.
    Bitcoin Well
    A 1.5% spread for Verified Accounts. Buying bitcoin privately with a Lite Account has a 4% spread.

  • Cost to sell

    Newton
    The same fee schedule applies when you sell.
    Bitcoin Well
    A 2.0% spread for Verified Accounts. Selling bitcoin privately with a Lite Account has a 4% spread.

  • Getting bitcoin to your wallet

    Newton
    You request a withdrawal to your own wallet. Newton may place a hold, or decline the transfer without giving a reason.
    Bitcoin Well
    Every purchase is delivered to your wallet, either by Lightning or on-chain. Batched on-chain delivery is free; faster on-chain delivery may include a network fee.

  • Interac e-Transfer

    Newton
    Interac e-Transfer deposits and withdrawals, with no platform fee.
    Bitcoin Well
    Buy with Interac e-Transfer. Get paid by Interac e-Transfer when you sell.

  • Other ways to move money

    Newton
    Wire transfers and pre-authorized debit. Newton doesn’t charge a platform fee to fund the account.
    Bitcoin Well
    Cash at 160+ Bitcoin Well ATMs, Cash Vouchers, bill payments with bitcoin, and direct deposit for larger sales

  • Identity verification

    Newton
    A government photo ID checked through Persona, plus required multi-factor authentication.
    Bitcoin Well
    Lite Account: only an email address is needed. Verified Account: quick verification via SumSub.

  • Regulation

    Newton
    Newton Crypto Ltd. is a CIRO member and an investment dealer, and a FINTRAC-registered money services business.
    Bitcoin Well
    FINTRAC-registered money services business. Publicly traded company listed on the TSX Venture Exchange.

  • Protection for your bitcoin

    Newton
    Newton is a CIPF member. Crypto isn’t protected by CIPF or CDIC.
    Bitcoin Well
    Your bitcoin is in your own wallet, so its safety depends on how you protect your keys. Bitcoin Well can’t recover lost keys.

  • Where you use it

    Newton
    iOS and Android apps, and the web.
    Bitcoin Well
    The Bitcoin Portal web app, works on desktop, tablets and mobile

  • Support

    Newton
    Phone, and a support desk from 8 a.m. to midnight Eastern time.
    Bitcoin Well
    Help Center and email, weekdays 9 a.m. to 5 p.m. Mountain time

  • Tax records

    Newton
    A Koinly CSV of your transaction history, plus a realized gains and losses report.
    Bitcoin Well
    CSV export of your transaction activity

Where your bitcoin is held

This is the biggest difference between the two. Newton holds your bitcoin for you until you request a withdrawal. Bitcoin Well sends it directly to a wallet you control as part of every purchase.

Newton

Held for you in your Newton account

  • At least 80% of client crypto is in cold storage with Coinbase Custody and BitGo. Up to 20% sits in hot wallets secured by Fireblocks.
  • You can ask to withdraw. Newton’s terms let it place a hold that blocks a withdrawal, and they reserve the right not to facilitate a transfer without giving a reason.
Bitcoin Well

Delivered to your own wallet

  • Every purchase is delivered to a self-custody wallet you control, by Lightning or on-chain.
  • Bitcoin Well doesn’t hold customer bitcoin after a purchase.
  • You’re responsible for your wallet, keys and seed phrase. Bitcoin Well can’t recover lost keys.
  • You’ll need a bitcoin wallet before you buy.

Bitcoin Well never holds your bitcoin; it sends it directly to your wallet after every purchase.

What Newton’s agreement says about a withdrawal

You can ask Newton to send bitcoin to your own wallet. This is what their agreement says about that request.

Funding and withdrawing fiat funds

We further reserve the right to not facilitate the sale or transfer of your Digital Assets via our Service without providing you any reason, justification or cause.

Holds on withdrawals of platform currencies and fiat funds

While the Canadian dollar balance of your Account may display immediately or soon after you initiate a deposit on the Service, it typically takes 5-10 business days, but sometimes longer, for us to confirm receipt of your Canadian dollar deposit with our own financial institutions.

For some Account holders, we permit you to immediately buy Digital Assets using the funds we anticipate receiving from you, even though we have not yet confirmed receipt of your Canadian dollar deposit. For that reason, even though your Digital Assets purchased will be displayed in your Account and delivered to a Custodian, we place holds on, and we will not execute any instructions to withdraw the Digital Assets from the Custodian until we confirm your Canadian dollar deposit.

Newton may refuse a transfer without giving a reason, and it will not send a withdrawal to the custodian until it confirms your Canadian-dollar deposit, which typically takes 5 to 10 business days and sometimes longer.

The same terms say you own the bitcoin and that Newton does not loan it.

Bitcoin Well never holds your bitcoin; it sends it directly to your wallet after every purchase.

Bitcoin Well Canada: Terms of Service

Fees and pricing

Newton charges a trading fee. Bitcoin Well publishes one spread.

Newton

A trading fee, with a high-volume schedule

  • Bitcoin, ETH and USDC are 1.00% to 1.15%. Signature pricing can fall to 0.05% at the highest tier.
  • Funding and withdrawing Canadian dollars has no platform fee. The fiat rails are Interac e-Transfer, wire and pre-authorized debit.
  • Staking is available for ETH, SOL and ADA. Newton takes a fee from the rewards, and staked assets can’t be withdrawn until you unstake them.
Bitcoin Well

A fixed spread

  • Verified Accounts: 1.5% spread to buy, 2.0% to sell.
  • Lite Accounts: pay a 4% spread to buy or sell.
  • There are no withdrawal fees, account fees or hidden fees. Faster on-chain delivery may include a small network fee.

Newton’s standard bitcoin fee, 1.00% to 1.15%, can sit below Bitcoin Well’s 1.5% buy spread, but Newton requires a separate withdrawal to your own wallet.

Identity verification and privacy

Both platforms must follow Canada’s anti-money-laundering rules. The difference is how much you share to get started.

Newton

Photo ID and required MFA

  • Newton checks a government photo ID through Persona, for its FINTRAC obligations.
  • Multi-factor authentication is required. SMS is no longer supported. You use an authenticator app, a security key, or biometrics.
Bitcoin Well

Full or Lite

  • Lite Accounts need only an email address and work with Cash Vouchers.
  • Verified Accounts need to verify their identity via SumSub.
  • Bitcoin Well doesn’t sell personal information.

Bitcoin Well’s Lite Account requires the least amount of personal information. Both companies ask for ID verification when the law requires it.

Regulation and oversight

The two platforms are regulated under different regimes.

Newton

A CIRO investment dealer

  • Newton Crypto Ltd. became a CIRO dealer member on March 18, 2026, and is a registered investment dealer.
  • It’s also a FINTRAC-registered money services business.
  • Newton is a CIPF member. Crypto isn’t protected by CIPF or CDIC.
Bitcoin Well

A registered money services business

  • Bitcoin Well Canada Ltd. is a FINTRAC-registered money services business (#M19811620) and is registered with Revenu Québec (#11314).
  • It’s registered with the Bank of Canada as a payment service provider under the Retail Payment Activities Act.
  • Its parent, Bitcoin Well Inc., is publicly traded on the TSX Venture Exchange (BTCW), so its financial statements are public.

Bitcoin Well’s public listing means its financial statements are public. Newton’s dealer registration adds securities oversight.

Security and track record

Security looks different when you hold your own bitcoin. Here’s what each company discloses.

Newton

Required MFA, and limited custodian insurance

  • Accounts require an authenticator app, a security key, or biometrics. SMS codes are no longer accepted.
  • Newton says the crypto in your account isn’t insured by Newton, but their custodians have insurance that may cover losses in some circumstances.
Bitcoin Well

No customer bitcoin held

  • Bitcoin you buy is delivered to your own wallet.
  • Bitcoin Well does not hold any customer bitcoin.

Frequently asked questions

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Last checked October 28, 2026 against each company’s published fees, help articles and legal documents.

Information about Newton and Bitcoin Well was checked against each company’s published materials on October 28, 2026 and may have changed since. Check each provider’s own site before you decide. Newton is a trademark of its owner. Bitcoin Well isn’t affiliated with or endorsed by Newton. Logos and app images belong to their owners and are shown only to identify each service.

This comparison is general information, not financial, legal or tax advice. Bitcoin’s price can be volatile.