How to Transfer Crypto from Binance to Newton (The Cheap Way)

Use XLM (Stellar) or XRP to transfer from Binance to Newton for under $0.10 in fees. Sending ETH or BTC directly can cost $10-50 in network fees. The XLM/XRP method costs pennies and takes under 5 minutes.

This guide covers the exact steps, including the critical memo/tag requirement that prevents lost funds.

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📊 Analyst Note

This transfer corridor exists because of Binance’s 2023 Ontario exit. After the OSC cracked down on unregistered crypto trading platforms, Binance stopped onboarding Canadian users and restricted services for existing accounts. Newton, as a registered Restricted Dealer with the OSC and FINTRAC, became the natural destination for Canadians needing to cash out legacy Binance holdings. The XLM bridge method I outline below is specifically designed for this regulatory migration—it minimizes fees while moving funds to a compliant Canadian platform.

Why use XLM or XRP instead of ETH or BTC?

Network fees vary dramatically between blockchains. Ethereum and Bitcoin fees fluctuate with network congestion and can spike to $20-50 during busy periods. Stellar (XLM) and Ripple (XRP) have fixed, minimal fees regardless of congestion.

Coin	Typical Transfer Fee	Transfer Time
XLM (Stellar)	~$0.01	3-5 seconds
XRP (Ripple)	~$0.01	3-5 seconds
LTC (Litecoin)	~$0.10	2-10 minutes
ETH (Ethereum)	$5-50	1-15 minutes
BTC (Bitcoin)	$5-30	10-60 minutes

If you’re moving $500 from Binance to Newton, paying $30 in ETH fees means losing 6% before you even trade. Using XLM, you lose less than 0.01%.

Critical Warning: Newton does NOT support Binance’s BEP2 or BEP20 networks.¹ If you send crypto using these networks, your funds will be permanently lost. Always select the native network (Stellar for XLM, Ripple for XRP).

Step-by-step: Transfer XLM from Binance to Newton

Step 1: Get your Newton deposit address and memo

Open the Newton app or website
Go to your XLM (Stellar) wallet
Tap Deposit
Copy both:

Your wallet address (starts with G…)
Your Memo ID (a string of numbers)

Warning: You MUST copy the Memo ID. Newton uses a shared XLM address for all users.² The Memo ID identifies your specific account. Without it, Newton cannot credit your deposit and your funds may be lost or delayed.

Step 2: Convert your crypto to XLM on Binance

If you’re holding USDT, ETH, or another coin:

Go to Binance Trade -> Spot
Search for the XLM trading pair (e.g., XLM/USDT)
Sell your current coin for XLM
Wait for the trade to complete

Step 3: Withdraw XLM from Binance

Go to Wallet -> Fiat and Spot
Find XLM and click Withdraw
Select Network: Stellar
Paste your Newton wallet address
Enter the Memo ID from Newton (this is critical)
Enter the amount (Binance minimum is typically 40 XLM)
Complete security verification
Confirm withdrawal

Step 4: Wait for arrival (usually under 5 minutes)

XLM transfers typically arrive within 3-5 seconds, but exchanges may take a few minutes to process. Check your Newton XLM balance.

Step 5: Sell XLM for CAD on Newton

Once XLM arrives in Newton, go to your XLM wallet
Tap Sell
Convert to CAD
Withdraw to your bank via free Interac e-Transfer³

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Alternative: Using XRP instead of XLM

XRP works the same way but uses a “Destination Tag” instead of “Memo ID.” The process is identical:

Get your Newton XRP address and Destination Tag
Convert to XRP on Binance
Withdraw using the Ripple network (not BEP20)
Include the Destination Tag
Sell for CAD on Newton

Both XLM and XRP cost about the same and transfer in seconds. Use whichever you’re more comfortable with.

What happens if you forget the memo or tag?

Your funds will be stuck in Newton’s shared wallet, not credited to your account. You’ll need to contact Newton Customer Success with:

Transaction ID (from Binance)
Amount sent
Date and time of transfer
Your Newton account email

Newton may be able to manually recover the funds, but this process can take days or weeks. Some platforms charge recovery fees. Always double-check the memo/tag before sending.

Common mistakes to avoid

Mistake 1: Using the wrong network

Binance offers multiple networks for the same coin. For XLM, you might see:

Stellar ✓ (use this one)
BEP20 ✗ (do NOT use - funds will be lost)

For XRP:

Ripple ✓ (use this one)
BEP20 ✗ (do NOT use - funds will be lost)

Newton does not support BEP2 or BEP20 deposits. Always select the native network.

Mistake 2: Forgetting the memo/destination tag

This is the most common mistake. Newton uses shared wallet addresses, so the memo/tag is how they identify your deposit. Without it, your funds go to Newton but not to your account.

Mistake 3: Sending below minimum

Binance has minimum withdrawal amounts:

XLM: ~40 XLM minimum
XRP: ~20 XRP minimum

If your balance is below the minimum, you’ll need to buy more or use a different coin.

Mistake 4: Not doing a test transaction first

If you’re moving a significant amount, send a small test transaction first (the minimum amount). Once it arrives successfully, send the rest. The small fee is worth the peace of mind.

Cost comparison: The full picture

Let’s compare moving $1,000 from Binance to your Canadian bank account:

Method 1: Direct ETH transfer

Step	Cost
Binance ETH withdrawal	~$15-30
Newton spread (~1.1%)	~$11
Newton CAD withdrawal	Free
Total cost	~$26-41

Method 2: XLM transfer (recommended)

Step	Cost
Binance XLM withdrawal	~$0.01
Newton spread (~1.35% for XLM)	~$13.50
Newton CAD withdrawal	Free
Total cost	~$13.51

The XLM method saves you $12-27 on a single $1,000 transfer.

Why Canadians are moving from Binance to Newton

Binance has faced regulatory restrictions in Canada, particularly in Ontario. Many Canadian users have legacy Binance funds they need to move to a regulated platform. Newton is:

Registered with FINTRAC and the OSC
Offers free CAD withdrawals via Interac e-Transfer
Supports 70+ cryptocurrencies
Based in Toronto

The XLM/XRP bridge method is the cheapest way to migrate your funds.

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Newton supported networks and deposit requirements: https://help.newton.co ↩
Newton uses shared wallet addresses for XLM and XRP requiring memo/destination tag: https://help.newton.co/hc/en-us/articles/360052521873-How-do-I-deposit-cryptocurrency ↩
Newton free CAD withdrawals via Interac e-Transfer: https://help.newton.co/hc/en-us/articles/360052371793-What-are-Newton-s-Fees ↩

Frequently Asked Questions

What's the cheapest way to transfer from Binance to Newton?

Use XLM (Stellar) or XRP. Both cost under $0.10 in network fees compared to $10-50 for ETH or BTC. Convert your holdings to XLM on Binance, then transfer to Newton.

Does Newton require a memo for XLM deposits?

Yes, the Memo ID is required. Newton uses a shared XLM address for all users. Without the memo, your deposit cannot be credited to your account and may be lost.

What network should I use to send XLM to Newton?

Use the Stellar network only. Newton does not support BEP2 or BEP20 (Binance Chain). Sending via the wrong network will result in permanent loss of funds.

How long does a Binance to Newton transfer take?

XLM and XRP transfers typically arrive in under 5 minutes. The blockchain transaction takes seconds, but exchanges may have processing delays.

What if I forgot to include the memo?

Contact Newton Customer Success immediately with your transaction ID, amount, date, and account email. They may be able to manually recover the funds, but it can take days or weeks.

How to Transfer Crypto from Binance to Newton (The Cheap Way)

Why use XLM or XRP instead of ETH or BTC?

Step-by-step: Transfer XLM from Binance to Newton

Step 1: Get your Newton deposit address and memo