Whats the deal? This is similar to companies like BlockFi and Celsius that let you deposit cryptocurrency to earn interest.Heres how Voyagers cryptocurrency rewards rates look for several popular cryptos and stablecoins: Rates are subject to change. Your email address will not be published. Plus, you can earn up to $40 per referral through Voyagers loyalty program. Due to financial troubles, Voyager filed bankruptcy in July 2022 and had to put both trading and withdrawals on hold. The withdrawal options including the blockchain network and any associated fees will then populate on the screen. They also advertise that they are actively trying to prevent hacking and fraud. No option to purchase crypto with a credit or debit card, A user who had used the exchange for a few months. Voyager is an excellent choice of multi-purpose crypto exchange for all types of crypto investors and spot traders who dont need to use the platform for advanced charting or order types. Alternatively you can buy VGX and stake it on your own through MetaMask.Earning 7% isnt groundbreaking when you consider platforms like Celsius pay upwards of 17% APY. 5 Stars. This just makes sure my main bank accounts are safe from being leaked onto the internet. MOST IMPORTANTLY, the Voyager crypto app is ONLY available for residents of the United States with the exception of New York. Use voyager to buy your BTC! no fees+ withdraw within a day or so! - reddit Meanwhile, FTX is known for catering to active derivatives traders and optimizing for high order volume and trading execution speed. Kraken uses a maker-taker fee schedule, starting at 0.16% maker fees and 0.26% taker fees at the entry level which is not quite as competitive even as Voyagers 0 fee schedule, however overall compared to the market it is still competitive, especially since Kraken does not charge any extra fees on the spread unlike Voyager. In the US. Its native token VYGR can be used on all its platforms including mobile apps, web wallets, hardware devices and desktop applications. Both have unique and different use cases and should be considered based on fundamentals. International users who can use FTX International may prefer FTX for these reasons over Voyager. The mobile exchange offers over 80 crypto assets commission-free with full buy and sell functionality, but the trading interface cannot compare to one of a desktop exchange as the charting capabilities are limited, so Voyager is definitely suited better for investors or casual spot traders who are charting elsewhere. Access your favorite topics in a personalized feed while you're on the go. Save my name, email, and website in this browser for the next time I comment. Gemini offers 62 coins and 86 trading pairs which is similar to the amount offered by Voyager. It's about the same to withdraw STMX, which I know is because of gas fees, but still. Voyager offers the following deposit and withdrawal methods, with the corresponding fees: The minimum withdrawal amount for crypto assets or stablecoin is equivalent to $10. Trading if professional cannot be done on a small sized screen like a mobile phone, Voyager clearly cuts a substantial part of the market out by not offering this functionality. I am obviously incentivized with a $25 bonus when you sign up, using my referral link, but youll end up losing A LOT of money in fees in the long run. Voyager vs Coinbase: Fees, Features & Security Compared Bottom line: Voyager is a great choice for mobile-oriented crypto investors who want to trade more than 100 cryptocurrencies at low costs. This tells me that Voyager app is rolling their fee into every order. However, if you're transferring FIAT through wire transfer at Voyager then you'll have to pay a $50 fee. The exchange requires KYC (Know Your Customer) identity verification or document protocols to be completed for use of the exchange. Withdrawal fees on Voyager vary depending on the cryptocurrency you want to withdraw. I wouldnt say that Voyager is a scam, but I would say their business practice is not in the best interest of their customers. In other words, Voyager makes money when it saves you money on an order by executing it at a better price. Editorial Disclaimer: Opinions expressed here are authors alone, not those of any bank, credit card issuer, airlines or hotel chain, or other advertiser and have not been reviewed, approved or otherwise endorsed by any of these entities. However, you still pay a spread fee. Voyager is not recommended for anyone at this time. [12] Security and Trustworthiness Voyager Voyager vs. Coinbase: Which Is Right for You? - The Motley Fool Voyager and Kraken also offer several similar features. At this time, withdrawal limits on Voyager are as follows: $25,000 maximum total market value within a 24 hour period. Voyager is also commission-free and states you only pay the quoted price you see on trades. Lets start with saying that both platforms excel at keeping fees low. Why not sell USDC to USD (should be 1:1) trade. This fee is determined by the blockchain network fees and may vary depending on network usage. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com. Market makers enjoy reduced fees however at Kraken. This project aims at providing people with fast transactions and low fees. FTX cannot be used by US persons but Voyager can, though FTX offers a US version of its exchange whose trade offerings are far more limited than its parent global exchange and do not at all compare to FTX Internationals selection, and are less than what is offered at Voyager, though it remains competitive. Moving you crypto of any kind will result in gas and minor fees. What Is The Sandbox And How Can You Play? Any other fees that may apply are detailed in the Voyager Terms of Service. Your order will automatically be rejected if you try to put in a trade worth less than $10. Generally, Voyager fees allow you to only pay flat fees per token, as well as $50 for wire transfers. FTX will win against Voyager for all intermediate or advanced traders, as FTX offers 323 coins and 492 trading pairs, which is again far higher than Voyagers 80+ coins offering. Voyager and Geminibothhave the following in common: huge crypto selections, low minimums, and crypto services for institutions. Voyager is tailored towards the mobile trading crowd, the zoomer buying crypto on his phone. Users personal information is secured via state-of-the-art security protocols, including the transmission of data via HTTPS with SSL/TLS and the storage of data on a secure AWS cloud server that is encrypted at rest. There are some very high fees hidden into the Buy/Sell Spreads that can range from 1% to 3%. If an active trader wishes to trade other instruments beyond crypto and prefers not to KYC, he or she may prefer other exchanges such as Bybit or OKX, but if he or she prefers a much larger selection of crypto only instruments and does not mind KYC, Kraken wins. What platform appeals to you, Celsius or Voyager? I know Voyager charges 0.01 ETH and 0.0004 BTC to withdraw but thats their own fee. Read our editorial standards. In 2021, Voyager announced its approval to trade on the Toronto Stock Exchange (TSX) under the ticker VOYG. But if you expect to make frequent withdrawals, you may want to look for a platform that has a static withdrawal fee structure (or one that doesn't charge withdrawal fees at all like Celsius). If there is anything dodgy about the platform, the investors would have discovered it. Often, they will do this by charging transaction fees. of Yes. So if you buy and sell a coin thats a 3% fee which is outrageously high and it doesnt make any sense why you would use this appunless you thought that there were no fees and all trades were commission free. The company has its headquarters in Jersey City, New Jersey, making it a U.S.-regulated company. Because of this, they are held to a higher standard of scrutiny. Voyager Digital Ltd. maintains its headquarters in Jersey City and NYC, in the USA. Like many other people, I have been burnt by shady companies in the past. You might need to provide your drivers license. The team also maintains ablog with news and reports. And for outgoing wires, there's a minimum withdrawal amount of $10,000 and a fee of $50. The best example of their commitment to education is Node, their blog as well as their newsfeed. Does this workflow make sense? USDC is $20, for example. Though the crypto app offers both market news roundups and several explainer blog posts on different crypto topics, it doesn't provide much else for newcomers. The crypto app also lets you earn monthly interest payments for maintaining minimum balances of different cryptocurrencies, and institutional clients have access to order execution, liquidity, and custodial services. Coinbase is better in all aspects of functionality and range of trading coins and products offered if compared to Voyager, since it is more of a desktop-first exchange compared to Voyager being a mobile-only exchange. The same goes for maximum deposits. There are some very high fees hidden into the Buy/Sell Spreads that can range from 1% to 3%. First, they are listed on the Canadian Stock Exchange. The information in our reviews could be different from what you find when visiting a financial institution, service provider or a specific product's website. I highly recommend freezing your credit reports with Experian, Equifax and Transunion. Voyager and Gemini are similar in being US-compliant exchanges with full-featured mobile apps and a basic range of crypto financial services offered. However I should add that problems are usually resolved; they just take way more time than youd expect from such reputable companies. First, youll need to use the Voyager affiliate link to access the site and download the app. I see in the loyalty program you can save on withdrawal fees . To do this, many or all of the products featured here may be from our partners whom we receive compensation from. The Voyager crypto app is available on iOS and Android devices. Just send USD or sell to ltc and send that? If you dont own the keys, its not your crypto, as they say. Ya, I don't get it. Lets find out! This fee is determined by the blockchain network fees and may vary depending on network usage. Traders looking solely for the most advanced trading options such as high leverage margin and futures products specific to crypto only will prefer Binance, as it offers many USDT futures pairs not found anywhere else besides potentially OKX or FTX. What Are VeeFriends And Are They Worth It? This round is close but Celsius comes out on top providing higher yields around 1-3% over the board. I used LTC to withdraw for this reason ($2 fee), and actually glad it took long cause it went up in price by the time it went through. In this conversation. I am Petar and I come from a small country in South-Eastern Europe called Serbia. Withdraw $124 back into your bank account. The team that runs Voyager can be found online, with links to their LinkedIn pages. US users may prefer Kraken for its regulatory compliance and strong track record if they are traders especially. Other security features include advanced fraud protection that uses technology to prevent hackers. New comments cannot be posted and votes cannot be cast. Our opinions are always our own. If an order does not execute, there is no fee charged until it does execute at a later point in the case of a resting order, or it can be canceled. Kraken is accessible in 48 US states with KYC and is regulated and licensed by FinCEN in the USA, while US users can also use Voyager and Voyager is a public company that is also audited and regulated in the USA. The Voyager app is still available, and the team behind it is hopeful for. However, this provided users more transparency into the companys financials, bridges the gap between traditional finance and crypto, and allows Voyager an alternative avenue for company growth while also empowering everyday equities traders and investors the opportunity to back an emerging crypto company. Get the latest tips you need to manage your money delivered to you biweekly. This is the same system Coinbase and most exchanges use. This is what you would expect in the cryptocurrency interest account industry. There is a slight difference in fees to start giving Voyager the edge: the minimum fee tier at Gemini starts at 0.35% for takers and 0.10% for makers, with a flat transaction fee between $0.99-$2.99 and 1.49% transaction fee for trades over $200, so there are extra fees per transaction and extra auction fees, while Voyager charges 0 trading fees and only minimal fees based only on the spread. Hidden fees that are rolled into every market buy, market sell, limit buy and limit sell. That's a big deal, as it means that they didn't clearly keep customer asset separate. Coin Lowest Average Median The fee is charged for every participant in a plan. These include: Voyager Digital Brokerage LTD owns and operates Voyager Institutional. . All products and services are presented without warranty. Similarly to Voyagerm, Celsius has its own CEL token. Voyager has expanded since launch to most US states and soon plans to launch to Europe. Theres also a support contact form. It will be compatible with both Android and iOS. However, if users desire a clear fee schedule, Binance is better, since Voyager charges fees on the spread that are not clearly defined. He graduated from Boston University, where he contributed as a staff writer and sports editor for Boston University News Service. Median: 4.5 DOGE ($0.36). Voyager Review | Features, Pros & Cons, & Pricing - Cult Of Money Coinbase Pro has fees at 0.5% which is high, but makes up for it with the lower withdrawal fees. Voyager states the rate will be 0.10% to 0.30% depending on your loyalty program tier.Its difficult to judge this card fully until it hits the market. Similarly also Voyager pays out interest to investors monthly and even offers free withdrawals. Voyager charges the following deposit, withdrawal, and other fees: Withdrawal fees for digital assets depends on the asset. At least thats what they say. Its important to note that Celsius rewards CEL holders with a proportional share of 80% of its profits. How long does it take to get the Invest Voyager Sign-up Bonus? Voyager on Twitter: "Your funds are safe. We're working through our Celsius vs Voyager Interest Rates, Fees, Payouts, Savings. And if Voyager can beat the quoted price, it takes a portion of those savings.Its also important to note that Voyager is a broker, not an exchange. Voyager is the least expensive of the two, but it doesn't give you access to staking like Gemini does. Crypto back rewards also secure better prices on trades and pays you with bonus VGX at the end of each month.