Transferring Crypto via Supported Networks

April 13, 2022

Newton Team

April 13, 2022

Transferring Crypto via Supported Networks

Native Network Support for Fantom (FTM) & Polygon (MATIC) is Live!

Some crypto platforms use their own token standards and blockchain networks to process transactions. When you transfer cryptocurrencies to Newton from a platform with its own network, there are a few things to be aware of. Always reference Newton's deposit instructions for the coin that you are depositing prior to sending funds. Ensure that the correct supported network is used and include a memo or tag if required. Incomplete, missing or incorrect information may result in the loss of funds. Crypto transactions are final and irreversible.

How To Transfer:

Initiate a transfer for the coin you want to move to your Newton Wallet.
Paste your Newton wallet address for the specific cryptocurrency you want to move, this is your destination address.
When you are prompted to select the network for the transfer, ensure that you choose the network Newton supports for that coin. Please refer to the table above for the network we support for a particular coin.
Complete the transfer, your funds should show up in your Newton wallet within a few minutes.

Supported Networks on Newton

Solana Network Coins:

Solana (SOL)
Serum (SRM)
USDC ( USDC)

Terra Network Coins:

Terra (LUNA)
TerraUSD (UST)

Stellar Network Coins:

USDC (Stellar)

Network names explained

Platforms like Binance use their own token standards for coins within their own ecosystem. Binance's networks are called BEP2 (Binance Chain) and BEP20 (Binance Smart Chain), these networks are built on top of the Ethereum blockchain and can only be used to send funds to wallets that support those chains. Newton does NOT support transfers from BEP2 or BEP20 tokens.

Remember to use supported networks when sending transfers to Newton and avoid losing your funds.

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Moving funds to Newton?

Check you're sending via the network Newton supports.

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This article is for informational purposes only and does not constitute investment, financial, or legal advice. Cryptocurrencies and blockchain-based assets are highly speculative, subject to significant risks including price volatility, regulatory uncertainty, and potential total loss of investment. Crypto assets are not insured by the Canada Deposit Insurance Corporation (CDIC). Cryptocurrencies and stablecoins may be considered securities or derivatives under Canadian law, subject to CSA and CIRO oversight. Consult a qualified financial or legal professional before making investment decisions. No securities regulatory authority has expressed an opinion about any of the crypto assets made available on the Newton’s platform, including any opinion that a crypto asset is not a security and/or derivative. This blog may contain links to other websites for informational purposes or for your convenience. We do not control the linked websites or the content provided through such websites, and we have not reviewed, in their entirety, such websites. Your use of linked websites is subject to the privacy policies and terms of use established by the specific linked website, and we disclaim all liability for such use. The fact that we offer such links does not indicate any approval or endorsement by us of any linked website or any material contained on any linked website, and we disclaim any such approval or endorsements.