Comments are solely the opinions of their authors. Both platforms excel in their simplicity. Please note that some links on CaptainAltcoin.com are affiliate links. I don't see them dropping them unfortunately. But other than that Celsius is fee-free and withdrawals are unlimited. The only thing that the Invest Voyager App has is that you can earn interest on some coins that are not available at other platforms. Like all public companies, they will be audited. Learn more about the difference between PoS and PoW.Jargon aside, the takeaway is that staking lets you earn passive income with your cryptocurrency. Along with services tailored for retail investors, Voyager also offersinstitutionalclient services that leverage the crypto trading technology behind the Voyager retail app. However theres a catch, users have to first convert their crypto to USD, which unfortunately is a taxable event. The current fee for transfers are: $22 to withdraw bitcoin, at the current price, is a lot. I remember a few years back $20 USDT was a pretty common withdraw fee across the board. If you dont own the keys, its not your crypto, as they say. Its native token VYGR can be used on all its platforms including mobile apps, web wallets, hardware devices and desktop applications. Voyager allows the purchase of cryptocurrencies from a wide array of exchanges,. Lets start with saying that both platforms excel at keeping fees low. This is 10x to 30x higher than the fees on Binance which are 0.1% per trade. Voyager Crypto Review: Pros, Cons, and More - The Motley Fool Withdrawals: There are minor minimum withdrawal limits, but no maximum ones. These include Gemini Wallet, Gemini Pay, Gemini Custody, and multiple other trading platforms. In fact, it beats Coinbase since Coinbase has the same terms but only pays each person $10 in free Bitcoin. All types of cryptocurrency spot investors and traders who desire access to a large variety of crypto coins for trading, earning interest with no lockups, and no crypto-to-crypto trading pairs, Spot traders and investors who desire a simple fee schedule, and competitive amount of crypto financial services, with the benefit of regulatory compliance of a public company. Voyager is also commission-free and states you only pay the quoted price you see on trades. USDC is $20, for example. The Voyager crypto app is available on iOS and Android devices. So I checked my bank and the $5000 is in my account. Celsius offers 6.2% APY for your first BTC and 3.51% for any additional BTC. 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. 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. of 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. Withdrawals are always free and interest is compounded once a week. Withdrawal Fees on Cryptocurrency Exchanges The exchange is also very simple to use since it is a mobile-only exchange with an app available on both Google Play and the Apple App Store at the moment, but there are plans to add a desktop version in the future. Whenever I connect to my bank account, I have an extra checking account that I only use for suspicious platforms. That's not what its made for. Another interesting safety feature is that they are insured with the FDIC to the value of $250,000. 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. However, the effective fees are still smaller than paid at other major exchanges such as Coinbase. Just convert to ADA if you want to keep your money in crypto. No, Voyager is a mobile cryptocurrency trading exchange and app that also offers a custodial wallet solution with interest-earning features as part of its services, but is not a non-custodial standalone wallet. Check out: Personal Finance Insider's review of eToro. Both have unique and different use cases and should be considered based on fundamentals. 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. Withdrawals: When you want to withdraw your money, you will need to pay a fee that varies between each coin. This will allow Voyager to verify your identity. This is the ONLY exchange that does this which is nonsense. Voyager. For starters, cash is FDIC-insured up to $250,000, so your cash balance has some protection. It's about the same to withdraw STMX, which I know is because of gas fees, but still. After processing fiat withdrawals, the usual timeframe for ACH withdrawals to reach the users bank is 2-4 business days, excluding weekends and holidays. Your email address will not be published. For customers who desire access to a desktop-based user interface with even more trading pairs and advanced order types, and those who do not desire to participate in cryptocurrency futures trading either Bittrex, Bitstamp, Coinbase, and Binance US can make great alternatives with a similar or greater amount of cryptocurrencies offered to trade along with trading fees but also more functionality. How To Invest In Crypto In Your IRA Or 401k, Best Tax Software For Crypto And NFT Traders. Please make sure to do your own research, make educated financial decisions and consult your Financial Advisor. I still dont trust all these apps with my information so I connect my real bank to another checking account (lets say Citibank) AND then use my Citibank checking account to connect to these apps. Active traders who need access to order books and advanced charting functionality may prefer using Coinbase Pro, FTX, Binance, or KuCoin though their fee structures and product offerings differ and will charge users likely more commission than Voyager given its 0 commission fee schedule, as they all use volume-tiered fee schedules. Derivatives traders who want to trade margin, extensive crypto futures pairs, or leveraged tokens and options will prefer FTX since Voyager offers only spot trading and no derivatives instruments of any kind. Press question mark to learn the rest of the keyboard shortcuts. I am a big-time crypto enthusiast and I am proud to be a part of the project. Withdrawing 0.002585 yields an "industry standard" fee of 0.000500. By changing interest so often investors who for example were expecting a 10% interest and end up with 8% are going to be let down. Owning certain amounts of VGX places you into different tiers, which unlocks perks like referral bonuses and bonus cryptocurrency. Voyager Crypto Review (Worry-Free Trading Fees) - Gotechtor Please note that for crypto, the number of confirmations required for actual depositing of funds is determined by every receiving platform individually, for each particular currency, according to its own security standards. Other features of the Voyager crypto app is that you do earn interest on some of the coins you hold in your Voyager wallet. In 2021, Voyager announced its approval to trade on the Toronto Stock Exchange (TSX) under the ticker VOYG. Generally, Voyager fees allow you to only pay flat fees per token, as well as $50 for wire transfers. Invest Voyager Review: Lots of Hidden Fees - Sly Credit I see in the loyalty program you can save on withdrawal fees . This is a better way to spend your crypto then selling it. This is different from most exchanges that prioritize desktop support. Additionally, Voyager may lend, sell, invest, or use your deposited funds in various ways, which presents risk. Though Voyager's cryptocurrencies are commission-free, the app makes money (known as the "spread fee") when you save money on an order. 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. 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. 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. And interest is paid out weekly, a clear advantage over competitors who do it monthly. then withdraw via ACH for no fees. There are thousands of financial products and services out there, and we believe in helping you understand which is best for you, how it works, and will it actually help you achieve your financial goals. Editorial Note: Any opinions, analyses, reviews or recommendations expressed in this article are those of the authors alone, and have not been reviewed, approved or otherwise endorsed by any card issuer. Access your favorite topics in a personalized feed while you're on the go. 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? If you're interested in crypto investing, you may want to consider other crypto exchanges. CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. The buying and selling experience is very bad on Voyager. Currently, Voyager is available in every U.S. state except New York. Like many other people, I have been burnt by shady companies in the past. Never want to use app again and now no use for the USDC. Voyager has a help desk to assist customers with basic account questions. Coins (2557) Exchanges (34) Low fees, no sign up needed: swap with FixedFloat. Zero fees, we all love the sound of that. Voyager is made for people to easily buy and sell crypto and to keep it safely in voyager for interest. As such, the app is best suited for investors or casual spot traders who dont need advanced charting functionality, or have the ability to chart elsewhere. What Is The Sandbox And How Can You Play? BingX Review Is BingX.com Copy Trading Any Good? Thats why its common to have these trading pairs at big exchanges. Similarly also Voyager pays out interest to investors monthly and even offers free withdrawals. 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. Then use USD to buy VGX. Voyager offers an excellent mobile app and is a mobile-only exchange at the moment with plans to launch a desktop trading platform in the future, but even so offers 80+ coins and shines in its competitive rewards and interest-earning program with rates as high as 12% for many crypto assets, without the need for lockups or opt-ins, unlike most other exchanges. Although higher value deposits such as over 1 BTC or 100 ETH will receive lower rates. $20 for each Vanguard mutual fund in each account. The withdrawal limits are as follows: $25K maximum market value on withdrawals within a 24-hour period, and a maximum total of 20 withdrawals in a 24 hour period. This is what you would expect in the cryptocurrency interest account industry. What Do They Offer? Because of this, they are held to a higher standard of scrutiny. Meanwhile Celsius has awful trading fees as its not what the company specializes in. In fact, what inspired us was our grandparents - they didn't understand crypto. What coins can you earn interest on with Voyager? The amount of taxable gain or deductible loss is the value you receive minus your tax basis in what you've given up. Crypto Lender Celsius Opens Up Withdrawals for Certain Custody Accounts This means you won't be able to decide where to execute your trades; Voyager does this for you. Yes, KYC verification is mandatory at Voyager as it is a regulated public company and US-compliant exchange. It has strong regulation and insurance which means its safer than many other exchanges but the downside is that those costs get passed to you via higher withdrawal fees, which for most users is a non issue. The Voyager withdrawal fee differs based on the cryptocurrency you want to withdraw. Im wanting to know if theres an additional network fee charged on top of the Voyager withdrawal fee and how much it is. Coin Lowest Average Median However, if you're transferring FIAT through wire transfer at Voyager then you'll have to pay a $50 fee. Unfortunately with Voyager if theres an issue with your money, youll have to jump through hoops to talk to someone that might help. Built with the ERC-20 standard and running on the Ethereum blockchain. When Voyager launched in 2018, it did so with the aim of offering investors a no trading fee feature and as a mobile-first exchange. 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. That's a big deal, as it means that they didn't clearly keep customer asset separate. I will note, pay attention to the buying spreads on Voyager and compare to other wallet types, such as Abra, that's what really turned my attention to voyager. He's contributed to stories published in the Boston Globe, and his work has also been featured in Yahoo News. The company has its headquarters in Jersey City, New Jersey, making it a U.S.-regulated company. Voyager vs Coinbase: Fees, Features & Security Compared The team also maintains ablog with news and reports. 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. The technology automatically connects with dozens of other exchanges and allows you to pick the best. On Celsius you can withdraw anytime and anywhere, without worrying about fees or penalties. Them having high withdrawal fees doesnt promote this in any way. All you need to start trading is a couple minutes. Also keep in mind that Celsius updates its yields once a week, while Voyager once a month. This will make it easier for the IRS to discover your taxable obligations. 35 BQX/VGX to withdraw a vgx token. After someone has signed up and deposited $100, you should receive an email notification. Voyager Review | Features, Pros & Cons, & Pricing - Cult Of Money And they are large enough that they are difficult to find on their website, if they are still there. I'm wanting to know if there's an additional network fee charged on top of the Voyager withdrawal fee and how much it is. Average: 11.3516 DOGE ($0.92). https://voyager.onelink.me/WNly/referral?af_sub5=DAN8DE, Creating an order always defaults to market price while having the Limit Price on another page, For limit orders, they WONT show you the current ask/bid price, Voyager Exchange only trades against USD. While Voyager thrives on simplicity, Celsius focuses more on security and stability. Voyager charges no fees on trading commissions, but instead marks up the spread (bid/ask prices) by a very small amount for executing orders. Allowing debit, credit and bank transfers making it very accessible to beginners. Affiliate partners cannot pay CaptainAltcoin to guarantee favorable review or higher ratings on the website. Can anyone tell me what the network fees are for withdrawing ETH and BTC from Voyager? What Are VeeFriends And Are They Worth It? Fiat withdrawals also depend on your bank, but Voyager will charge a dynamic "flat" fee for withdrawing crypto to an external wallet. Lowest fee: 0 DOGE (Free) at Bitfinex (as of Mar 2, 2023). Voyager on Twitter: "Your funds are safe. We're working through our Very annoying. Voyager gives investors 4.6% APY on ETH for a minimum of 0.5 ETH balance. Voyager and Geminibothhave the following in common: huge crypto selections, low minimums, and crypto services for institutions. In this conversation. The main disadvantage of Voyager is that it is not a desktop based exchange with full-featured charting or trading capabilities or order book visibility for active traders. $10 minimum deposit required to open your account. In addition, it supports over 100 cryptocurrencies such as Bitcoin, Ethereum, Litecoin, Dash, Ripple, etc. 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.