Our opinions are always our own. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. Compounding Interest On Celsius your interest earn will also earn interest, thus compounding. Both Voyager and Celsius have their native tokens, which can be seen as investments. Sorry New York, those financial regulations always leave you out just like they did with BlockFi. 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. You can also improve your account security by: In its risk disclosure, Voyager notes that cryptocurrency isnt FDIC-insured or protected by any form of insurance. Because of this, they are held to a higher standard of scrutiny. Voyager gives investors 4.6% APY on ETH for a minimum of 0.5 ETH balance. 5 Stars. Gemini is free up to a certain amount of withdrawals as is Celsius. The bureau bases its ratings on how well it thinks a company interacts with its customers. Since Voyager is a cryptocurrency broker, it shares some features with cryptocurrency exchanges and lending platforms. *Note: Voyager recently filed for Chapter 11 bankruptcy. You can start earning interest on a $1 deposit any time you wish. 0% (Voyager earns money if it saves you money by executing your order at a better price), $0.99-$2.99 fee for USD web and mobile transactions between $10 and $200 (1.49% fee for transactions over $200); 0.50% convenience fee; 3.49% debit card transfers. CultOfMoney.com has an advertising relationship with some or all of the offers included on this page, which may impact how, where, and in what order products and services may appear. I dont recommend the Voyager crypto app, but I do like free money. I even lowered the price more and it still did not display my order when the spread was still at a 3% difference. Like many other people, I have been burnt by shady companies in the past. Im wanting to know if theres an additional network fee charged on top of the Voyager withdrawal fee and how much it is. It also provides an easy-to-use interface that allows users to view their accounts in real time as well as make transfers between different currencies using its own stablecoin called CELIOS. For select stablecoins, Voyager may charge a withdrawal fee equivalent to $35. Withdrawals: When you want to withdraw your money, you will need to pay a fee that varies between each coin. Lots of exchanges charge. Lets find out! Comments may be held for moderation and are subject to approval. What if I dont get my Voyager referral bonus? Voyager charges no fees on trading commissions, but instead marks up the spread (bid/ask prices) by a very small amount for executing orders. $20 for each Vanguard mutual fund in each account. Lets start with saying that both platforms excel at keeping fees low. Voyager is currently open to everyone in the United States. At the Voyager crypto app LIMIT Buy/Sell page, it will NOT show you the current ask/bid prices. Crypto back rewards also secure better prices on trades and pays you with bonus VGX at the end of each month. You should not use voyager if you're planning on using it as a conduit to transfer to cold storage. Coinbase also offers about 6x the selection of trading pairs as is offered at Voyager, with 440 trading pairs, compared to 80 at Voyager, as well as advanced charting, accessible order books, and advanced order types. 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. During the sign-up process you will need to enter DAN8DE for the Voyager promo code. USDC is $20, for example. After getting your account approved, just deposit $100 into your Invest Voyager account. It's supposed to promote a buy and hold mentality. Celsius published a list of names of users who could withdraw assets locked on the platform, with the company saying at the time it had permission from the U.S . Celsius will pay investors interest once a week, every Monday. Voyager is publicly traded, licensed, and regulated, which means the exchange is audited to ensure that every asset is accounted for in the exchanges secure system. I would recommend a bank transfer, because it costs you money to send cryptocurrency. Binance also offers a more extensive web and ecosystem of products, support, and liquidity, especially given its larger daily volume as compared to Voyager. Coinbase is best designed for buy-and-hold investors or casual to intermediate cryptocurrency users though has a much larger selection of cryptocurrencies offered compared to Voyager402 pairs vs. Voyagers ~80 coinsand offers an advanced desktop trading interface as well as a mobile app. Voyager also has a limited selection of educational support for beginner traders. I don't think they are small or minor. 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. These fees depend on the coin but can range anywhere from 1% to 3%. You only need $10 to trade cryptocurrencies at Voyager. Interest is paid monthly. 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. Voyager has no fee trades, yes. And interest is paid out weekly, a clear advantage over competitors who do it monthly. Plus, Voyager recently declared Chapter 11 bankruptcy, and said that it doesn't have enough money to make customers whole for the assets they had on deposit. The data is only accessible to those at Voyager who need to know the information for a particular business purpose. The two exchanges offerings are fundamentally different in their scope, with Voyager being a mobile-only exchange catering to investors and casual traders, while Binance is focused on being a global leader and fast innovator in every crypto product. CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. Because of this, they will need to make sure that their records are kept up to scratch. But Voyager offers a simpler interface, so it could be a better choice for beginners or those who prioritize ease-of-use. Best Crypto Signals (Telegram & Discord) Are Crypto Groups Worth It? Once Voyager verifies your account, you get an email and app notification that you can begin trading. Average: 11.3516 DOGE ($0.92). According to its website, you can sign up and begin investing in three minutes or less. Voyager and CoinLedger bring free tax tools to Voyager customers for the 2022 tax year. The data is only accessible to those at Voyager who need to know the information for a particular business purpose. Continuing their insistence of accessibility, even opening an account with Voyager is laughably easy. Your email address will not be published. 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. Your order will automatically be rejected if you try to put in a trade worth less than $10. 2021 Whiteboardcrypto.com. 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. The team at CaptainAltcoin.com only recommends products and services that we would use ourselves and that we believe will provide value to our readers. Proof Of History, Why I Bought An NFT [And 5 Reasons You Should Too], My Dogecoin Experiment: What I Learned From Investing $2,000 In DOGE, Most Common Crypto And NFT Scams (And How To Avoid Them), Bookkeeping And Accounting For Crypto And NFTs, What Is A 51% Attack? There have been no reported hacks of Voyager. Other features of the Voyager crypto app is that you do earn interest on some of the coins you hold in your Voyager wallet. You can do so by finding "Account" in the Voyager app, selecting "Transfer Cash or Crypto," and navigating to "Transfer Crypto" and tapping "Send Crypto out of Voyager." Voyager Digital filed for Chapter 11 bankruptcy on July 6, just a few days after suspending trading and withdrawals from its platform. Search. Additionally both platforms have lackluster customer service, so theres no winner in that field. "@CrucibleChris Yup, sending funds between Voyager customers will not require withdrawal fees. Voyager has a help desk to assist customers with basic account questions. Just send USD or sell to ltc and send that? The company has its headquarters in Jersey City, New Jersey, making it a U.S.-regulated company. The companys Twitter account is very active. Withdrawing 0.002585 yields an "industry standard" fee of 0.000500. Additionally, Voyager may lend, sell, invest, or use your deposited funds in various ways, which presents risk. Voyager manually approves all withdrawals as part of the AML process, so all withdrawals may take up to 24 hours. US users trading at FTX US need to do KYC procedures and likewise for Voyager. But fees vary for each platform. It is not an offer to buy or sell any security, product, service or investment. Join our discord now, we are online! Not every Voyager user is comfortable with the Voyager fees. If you think that's expensive, check binance fees. 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. So it may in some cases be the platform of choice. With Voyager, you can earn passive crypto rewards on your holdings. Voyager is a US mobile-based cryptocurrency exchange that launched in 2018. Read our editorial standards. Withdrawal fees on Voyager vary depending on the cryptocurrency you want to withdraw. An advantage for high volume traders will be the volume-tiered fees at Coinbase, which decrease most rapidly over $20M in 30-day trading volume. The Voyager app is still available, and the team behind it is hopeful for. In fact, what inspired us was our grandparents - they didn't understand crypto. 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. Earn passive rewards by depositing cryptocurrency and staking, Earn interest by depositing crypto or staking VGX tokens, USD is the only way to purchase cryptocurrency, Learn more about the difference between PoS and PoW. Create an account to follow your favorite communities and start taking part in conversations. 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. It is not anyones responsibility to ensure all posts and/or questions are answered. Yes. All you need to start trading is a couple minutes. 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. Just annoying they dont make these fees apparent ahead of time. My Invest Voyager bonus code: https://voyager.onelink.me/WNly/referral?af_sub5=DAN8DE. This is the same risk you face when lending on platforms like BlockFi.You can withdraw your funds anytime but the withdrawal process can take up to seven days. Coinbase Pro has fees at 0.5% which is high, but makes up for it with the lower withdrawal fees. In 2021, Voyager announced its approval to trade on the Toronto Stock Exchange (TSX) under the ticker VOYG. Voyager pays you $25 in free Bitcoin if someone you refer funds their account and spends at least $100. For crypto withdrawals, once they are approved based on AML procedures, on average, it takes from 30 minutes to several hours for a transaction to be confirmed due to the blockchain. The $25 BTC Voyager sign-up bonus was received in my account several hours after I deposited $100 to my Voyager crypto app account. Voyager and Geminibothhave the following in common: huge crypto selections, low minimums, and crypto services for institutions. Thanks! Currently, Voyager is available in every U.S. state except New York. There is a small flat fee to withdraw crypto to an external wallet. 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. The team is a combo of Wall Street and Silicon Valley entrepreneurs who teamed up to bring a better, more transparent, and cost efficient alternative for trading digital assets to the marketplace. We aim so create all our content so that even they can understand it! The sender is responsible for paying network fees associated with the transaction; each blockchain has its own cryptocurrency that . Voyager. Additionally, Voyager states that loyalty program members will eventually earn cryptocurrency cash back for spending. Plaid and 2-factor authentication are the main features. 2021 Whiteboardcrypto.com. Voyager also uses Plaid to connect to your bank. This is because youll save time and money when converting altcoins to BTC or ETH (and the other way around): 1 step: BTC -> DOGE / DOGE -> BTC2 steps: BTC -> USD -> DOGE / DOGE -> USD -> BTC. The best features of Voyager include the commission-free trading making it the most competitive US-regulated exchange option on the market, however users should note that Voyager does change the spread (bid/ask) and users may pay slightly more for assets as a result or get paid slightly less when selling them than market price. Invest Voyager is designed to make purchasing and selling Bitcoin and other cryptocurrencies as easy as possible without any fees. Voyager does disclose its security protocol, but we can assume its similar. US users can use the exchange unless they are residents of NY state. On the other side is Voyager crypto that started operations back in 2017. The exception is those living in New York. Simply dont use Celsius to buy and sell crypto, as it wasnt designed for that. I highly recommend freezing your credit reports with Experian, Equifax and Transunion. The Cult of Money does not include all companies or offers available in the marketplace. Support is only available via email that can be accessed through inputting a request within the app and self-custody is not available as Voyager is not a non-custodial wallet, but rather an exchange that offers a custodial wallet as part of its services. Reddit and its partners use cookies and similar technologies to provide you with a better experience. But -- there is a not insignificant withdrawal fee for Bitcoin. Voyager gives investors 4.6% APY on ETH for a minimum of 0.5 ETH balance. That's like paying $30 to $35 to take money out of an ATM. There is a Voyager crypto website, but its pretty much a landing page for the app. Kraken offers a much larger variety of cryptocurrencies and pairs (over 90 coins, over 400 pairs), so users who value a large selection and advanced traders who seek margin will prefer Kraken by far. I checked the history in voyager and the transaction had processed. This is what you would expect in the cryptocurrency interest account industry. However, you still pay a spread fee. Lowest fee: 0 DOGE (Free) at Bitfinex (as of Mar 2, 2023). Press question mark to learn the rest of the keyboard shortcuts. Its only available on mobile devices. The best example of their commitment to education is Node, their blog as well as their newsfeed. Our Rating: 2.00 stars. Comment Policy: We invite readers to respond with questions or comments. Fee Example: if you bought and sold the exact same coin within 1 second, youd already be down 3%. But Voyager isn't exactly an exchange. That's not what its made for. I wouldnt say that Voyager is a scam, but I would say their business practice is not in the best interest of their customers. Before Insider, Rickie worked as a personal finance writer at SmartAsset, focusing on retirement, investing, taxes, and banking topics. Interest rates on both platforms fluctuate based on demand, so these are at time of writing. Voyager and Gemini are similar in being US-compliant exchanges with full-featured mobile apps and a basic range of crypto financial services offered. Hopefully they fix this soon although they just increased the withdrawal prices last week.. Required fields are marked. How To Invest In Crypto In Your IRA Or 401k, Best Tax Software For Crypto And NFT Traders. Finally, the user clicks the Submit button, opens his or her email, and confirms the withdrawal. For example, to withdraw BTC you will need to pay 0.0004BTC ($15USD). So I checked my bank and the $5000 is in my account. 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. The responses in the comments below are not provided or commissioned by any advertiser.