Tom Blake is a personal finance writer with a passion for making money online, cryptocurrency and NFTs, investing, and the gig economy. Both exchanges offer no margin trading, but Voyager easily wins in the fee department, as it has 0 commission trading fees which is much lower than at Coinbase. Specifically, Voyager says it takes a small spread fee when it executes an order at a better price than you, the investor, submitted. These include Gemini Wallet, Gemini Pay, Gemini Custody, and multiple other trading platforms. Learn more here. 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). Lets find out! All products and services are presented without warranty. I see in the loyalty program you can save on withdrawal fees . Plaid and 2-factor authentication are the main features. It is not an offer to buy or sell any security, product, service or investment. For more information and a complete list of our advertising partners, please check out our full Advertising Disclosure. Fees may be slightly more competitive at FTX, since FTX offers both fee incentives for volume and for holders of its FTT token, and FTX will charge clear trading fees, not based on the spread alone like Voyager does. Join our discord now, we are online! Limit Buy/Sell: Whenever you try to buy or sell a cryptocurrency using the Voyager app, it automatically defaults to Market Buy/Sell. Comparison of cryptocurrency withdrawal fees, in nominal and fiat value. The exchange requires KYC (Know Your Customer) identity verification or document protocols to be completed for use of the exchange. This ensures that they will need to meet regulatory scrutiny. Lets say the market price for Dogecoin is $1.00, youll see the ask price as $1.02 and the bid price at $0.99. Press J to jump to the feed. Voyager is also planning to expand to Canada and Europe in the near future. The companys Twitter account is very active. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com. Invest Voyager is designed to make purchasing and selling Bitcoin and other cryptocurrencies as easy as possible without any fees. Voyager practices extensive security with 2-FA enabled for all user accounts with SMS by default, but users are encouraged to change this to an authenticator app due to the risk of SIM swap attacks. Voyager charges the following deposit, withdrawal, and other fees: Withdrawal fees for digital assets depends on the asset. I know there are gas fees bc its an erc20 token but not that much. 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. Fiat withdrawals also depend on your bank, but Voyager will charge a dynamic "flat" fee for withdrawing crypto to an external wallet. Voyager supports over 60 digital assets and lets you buy, sell, and manage your cryptocurrency portfoliofrom its mobile app. While it isnt currently available, the Voyager debit Mastercard is a zero-fee, cryptocurrency rewards card thats in the pipeline.This card lets you spend USDC like cash while earning rewards on your balance. However, if you're transferring FIAT through wire transfer at Voyager then you'll have to pay a $50 fee. Invest Voyager is designed to make purchasing and selling Bitcoin and other cryptocurrencies as easy as possible without any fees. In fact, what inspired us was our grandparents - they didn't understand crypto. Voyager is also a FinCen registered Money Service Business now traded on US OTC markets under VYGVF. They literally on trade all of your favorite coins commission-free* and then the in smaller print Additional fees may apply. Additional fees do apply. SMS verification is the default method. Only USD Pairs: Some people like to sell their altcoins for BTC or ETH. This is why its good practice to compare live prices on several platforms before trading.Voyager also charges dynamic withdrawal fees which can get pricey. On Voyager you'll earn 5.75% APY on your BTC, but you have to maintain a minimum balance of 0.01 BTC to qualify to earn any interest. Rewards are earned in USDC. USDC is $20, for example. Although higher value deposits such as over 1 BTC or 100 ETH will receive lower rates. What Is The Sandbox And How Can You Play? This round is close but Celsius comes out on top providing higher yields around 1-3% over the board. MOST IMPORTANTLY, the Voyager crypto app is ONLY available for residents of the United States with the exception of New York. Your order will automatically be rejected if you try to put in a trade worth less than $10. Purchase Fees If you choose to buy your cryptocurrencies with a debit or credit card, you can expect to pay up to 3.75% in fees. Withdrawals: When you want to withdraw your money, you will need to pay a fee that varies between each coin. Earn 3.50% Annual Percentage Yield (APY) with no account minimums or monthly fees. So that 0.002585 (~$21) becomes 0.002085 ($17) by the time it hits your wallet: effectively a 20% withdrawal fee. Along with services tailored for retail investors, Voyager also offersinstitutionalclient services that leverage the crypto trading technology behind the Voyager retail app. IMPORTANT UPDATE:Voyager has declared Chapter 11 bankruptcy, and they have announced they don't have enough assets to make their customer deposits 100% whole. Kraken offers margin trading at up to 5X leverage even for US investors and several other margin offerings, which is a win over Voyagers lack of any margin or leverage offerings. Personal Finance Insider's review of eToro. Gemini offers 62 coins and 86 trading pairs which is similar to the amount offered by Voyager. However, Voyager still wins in the fee department by offering 0 trading fees. Additionally, Voyager states that loyalty program members will eventually earn cryptocurrency cash back for spending. Market makers enjoy reduced fees however at Kraken. Select " Transfer Assets " and then choose if you want to deposit or withdraw crypto to your Voyager account. International users looking for lending, borrowing, and staking options, or institutional clients looking for other features may find other competitors more valuable as Voyager is only available for US users outside of NY state, and those in US territories, but the exchange has plans to expand to Canada and Europe later this year. I know Voyager charges 0.01 ETH and 0.0004 BTC to withdraw but that's their own fee. Voyager pays you $25 in free Bitcoin if someone you refer funds their account and spends at least $100. Cookie Notice US users may prefer Kraken for its regulatory compliance and strong track record if they are traders especially. Binances maker-taker fee schedule is unique in its competitiveness compared to that of other exchanges, starting at 0.1%, plus Binance also offers further 25% reduction in fees if paid in BNB, alongside offering reduced fee tiers for higher volume and even maker rebates. In March 2022, the New Jersey Bureau of Securities ordered Voyager to stop offering interest-bearing accounts, claiming it used the accounts to sell unregistered securities. Median: 4.5 DOGE ($0.36). Founded in 2017, Voyager is a mobile crypto broker offering commission-free trading on more than 100 cryptocurrencies, with crypto services both for individuals and institutions. During the sign-up process you will need to enter DAN8DE for the Voyager promo code. However, Voyager still lacks the brand presence that Coinbase has achieved. The Invest Voyager App uses Plaid to connect to your bank accounts so you can securely transfer money. Other competitors to Voyager include Crypto.com which also offers a similar full-featured app and crypto financial services, Kraken, and Gemini. Altcoins Stablecoins Responses have not been reviewed, approved or otherwise endorsed by any company. The team also maintains ablog with news and reports. Paid non-client promotion: In some cases, we receive a commission from our partners. All content on CaptainAltcoin is provided solely for informational purposes. Also keep in mind that Celsius updates its yields once a week, while Voyager once a month. 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. For example, the earnings reward boost pays you an annual reward percent boost on various cryptocurrency assets Voyager supports. You should not use voyager if you're planning on using it as a conduit to transfer to cold storage. For customers who desire to trade and invest in stocks in addition to top cryptocurrencies and do not mind having a smaller selection from which to choose or only desire access to the top 20 cryptos on the market, Webull and Robinhood are brokers that offers US equities and a small selection of cryptocurrencies. There have been reports in the past of users having had to wait several days for withdrawals of crypto assets due to surges in demand during 2021, however this has since been resolved. Ya, I don't get it. I remember a few years back $20 USDT was a pretty common withdraw fee across the board. Yes. (And How Is That Game Over For Crypto?). Once Voyager verifies your account, you get an email and app notification that you can begin trading. Staking involves locking up cryptocurrency to help validate transactions and earn crypto rewards. There is a 1% fee to convert and withdraw your crypto to cash in addition to standard network fees. All Rights Reserved, Voyager Review (Crypto Exchange + Fees + Coin List), Binance.com Review (Crypto Exchange Review + Fees + Coin List), KuCoin Review (Crypto Exchange + Fees + Coin List), Upbit Review (Crypto Exchange + Fees + Coin List), OKX Review (Crypto Exchange + Fees + Coin List), Not every asset that is available for purchase can be withdrawn, Crypto assets: deposits and withdrawalsno deposit fees. Check out: Personal Finance Insider's review of eToro. Withdrawal fees depend on the asset in question: the fee list is. All Rights Reserved. Fee Example: if you bought and sold the exact same coin within 1 second, youd already be down 3%. The Voyager withdrawal fee differs based on the cryptocurrency you want to withdraw. Voyager also offers a Mastercarddebit cardwith 9% cashback rewards and allows users to spend their USDC balance like cash. Its listed on the Canadian Stock Exchange, under the ticker symbol VYGVF. There have been no reported hacks of Voyager. Voyager is not recommended for anyone at this time. Advanced traders and intermediate users alike who value a large selection of cryptocurrencies, products like staking, lending, and more, competitive fee structures, and futures and margin products will probably prefer Binance. After processing fiat withdrawals, the usual timeframe for ACH withdrawals to reach the users bank is 2-4 business days, excluding weekends and holidays. Just convert to ADA if you want to keep your money in crypto. I even lowered the price more and it still did not display my order when the spread was still at a 3% difference. Celsius doesnt offer the high rate for your 1st BTC, only for your 1st .25 BTC. He's contributed to stories published in the Boston Globe, and his work has also been featured in Yahoo News. 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. I highly recommend getting an additional bank account for this very reason.