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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. At the Voyager crypto app LIMIT Buy/Sell page, it will NOT show you the current ask/bid prices. There are other exchanges that work better for your use case. Affiliate partners cannot pay CaptainAltcoin to guarantee favorable review or higher ratings on the website. Withdraw $124 back into your bank account. 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. Some time between February 2021 and July 1 of this year, Voyager's 2019 blog post was quietly edited so that it no longer stated customer dollars were safe in the even of the company's failure . CultOfMoney.com strives to keep its information accurate and up to date. 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. Lets find out! 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. Voyager has expanded since launch to most US states and soon plans to launch to Europe. 7 . It is not an offer to buy or sell any security, product, service or investment. We came to Voyager because of low fees, and to get unchained from Create an account to follow your favorite communities and start taking part in conversations. At first, it was listed on the Canadian TSX.V (Toronto Venture Exchange) stock exchange under the symbol VYGR.V. If you want to sign-up for the Voyager crypto app, you can use my Voyager promo code for a $25 sign up bonus. For starters, cash is FDIC-insured up to $250,000, so your cash balance has some protection. Privacy Policy. Though Voyager's cryptocurrencies are commission-free, the app makes money (known as the "spread fee") when you save money on an order. It will also make it easier for Voyager to spot any signs of fraud. 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. No option to purchase crypto with a credit or debit card, A user who had used the exchange for a few months. This is a better way to spend your crypto then selling it. What Is Uniswap And How Do Decentralized Exchanges Work? All you need to start trading is a couple minutes. After setting a Limit Sell order as the lowest ask price, the Voyager app does not show my order! The $25 BTC Voyager sign-up bonus was received in my account several hours after I deposited $100 to my Voyager crypto app account. But its promising that Voyager is expanding its offerings and also rewarding VGX token holders. However Voyager does offer coins not available on Celsius. KYC is required. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. 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. Built with the ERC-20 standard and running on the Ethereum blockchain. Limit orders will have fees rolled in so you cant actually see your Limit sell ask price. USDC is $20, for example. Press question mark to learn the rest of the keyboard shortcuts. Voyager Transfer Times and Fees : r/Invest_Voyager - reddit This means you won't be able to decide where to execute your trades; Voyager does this for you. That's not what its made for. Bottom line: Voyager is a great choice for mobile-oriented crypto investors who want to trade more than 100 cryptocurrencies at low costs. From there, the Bitcoin will be in your account within 72-hours. Because of the fee structure, Voyager can be more cost-effective than trading with Coinbase or Gemini, provided you dont make too many withdrawals.Its also worth noting that Voyager doesnt have the best interest rates. So it may in some cases be the platform of choice. 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. The exception is those living in New York. Theres also a support contact form. You can still buy and hold but store your coins more securely in cold storage. According to its website, you can sign up and begin investing in three minutes or less. This means you have to provide personal information including your: Voyager also asks you to verify your identity which usually involves uploading a picture of you holding your drivers license or passport. Because Voyager is regulated in the United States, it has certain perks in terms of security. How can you make your account more secure? Celsius doesnt offer the high rate for your 1st BTC, only for your 1st .25 BTC. Like Celsius, Voyager has its own token (VGX) that rewards users for their loyalty to the platform. No fee for wire deposits but there is a $50 fee for wiring USD out of the account, with a $10K minimum amount on outgoing wires, No fees on ACH withdrawals or deposits for fiat. Invest Voyager Review: Lots of Hidden Fees - Sly Credit Voyager Token $0.32809887-0. This is 10x to 30x higher than the fees on Binance which are 0.1% per trade. 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. Comparison of cryptocurrency withdrawal fees, in nominal and fiat value. and our This gives you the flexibility to buy cryptocurrencies at current market rates or to set a limit order to buy a particular crypto if the price drops.Cryptocurrency you buy is held in Voyagers custodial wallet. Coinbase Pro has fees at 0.5% which is high, but makes up for it with the lower withdrawal fees. For select stablecoins, Voyager may charge a withdrawal fee equivalent to $35. We're proud of our content and guidance, and the information we provide is objective, independent, and free. I know Voyager charges 0.01 ETH and 0.0004 BTC to withdraw but that's their own fee. If you dont own the keys, its not your crypto, as they say. Stay safe! Never want to use app again and now no use for the USDC. If you send funds to a new friend, you get the reward for sign-up once they complete the milestone!" Voyager does disclose its security protocol, but we can assume its similar. $10 minimum deposit required to open your account. He graduated from Boston University, where he contributed as a staff writer and sports editor for Boston University News Service. The winner here is clearly Celsius. Currently all customer assets are frozen and customers cannot make withdrawals. Why would you ever sell your VGX when you will have (in the future) the chance to take a loan against your VGX for USD w/o triggering a taxable event? Fees: No commissions, Voyager may earn a fee when it beats its quoted . Comments are solely the opinions of their authors. The app supports bank transfers up to $5,000. Voyager also offers a competitive loyalty program that rewards holders of the native token VGX (Voyager Token) with special Voyager Debit Card bonuses, like a monthly rewards booster, crypto-back on purchases, and more. From there, fill in the details of the withdrawal including toggling the correct currency and be sure to include a tag or memo if needed. If you want to increase your security, you may want to eventually move your funds from Voyager to a wallet like Ledger where you have full control. But -- there is a not insignificant withdrawal fee for Bitcoin. Voyager Review : Is it Safe or Legit? 2023 - CoinCodeCap Easy Hack That'll Get Your Voyager Fees Waived [3 Steps] SecuX V20 & W20 Review Is This Hardware Crypto Wallet Safe & Legit? 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. Both have unique and different use cases and should be considered based on fundamentals. 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. To do this, many or all of the products featured here may be from our partners whom we receive compensation from. Voyager is a US mobile-based cryptocurrency exchange that launched in 2018. KYC verification is mandatory at Voyager as it is a regulated public company and US-compliant exchange. 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. It says customers with USD in their accounts will receive access to the money after it completes a reconciliation and fraud process with Metropolitan Commercial Bank. How to Deposit and Withdraw Crypto to Your Voyager Account Navigate to your Account page by selecting the icon in the top right corner of your Market screen. Voyager | CoinLedger Crypto withdrawal fees depend on the cryptocurrencies being withdrawn, and can vary between US$10-$20. With support for over 60 cryptocurrencies and commission-free trading, its also very beginner friendly.But just like picking the right brokerage account, you need to find a cryptocurrency broker that has the features you need. The CEO is Stephen Ehrlich. CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. 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. Voyager vs. Coinbase: Which Is Right for You? - The Motley Fool You only need $10 to trade cryptocurrencies at Voyager. For more information and a complete list of our advertising partners, please check out our full Advertising Disclosure. (And How Is That Game Over For Crypto?). However, you still pay a spread fee. One advantage of using Voyager versus many cryptocurrency exchanges is that its fairly low-cost. Access your favorite topics in a personalized feed while you're on the go. Lowest fee: 0 DOGE (Free) at Bitfinex (as of Mar 2, 2023). New comments cannot be posted and votes cannot be cast. 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. On Celsius interest rates are not fixed, but fluctuate based on demand on a weekly basis. On the other side is Voyager crypto that started operations back in 2017. US users may prefer Kraken for its regulatory compliance and strong track record if they are traders especially. Interestingly, Voyager states that they are commission-free but in the small print they say additional fees may apply. Ethereum On Celsius you'll earn a 5.35% APY on your first 100 ETH and 5.05% for any amount over that. We may receive a commission, at no extra cost to you, if you click through our links and make a purchase from one of our partners. Not selling , just wondering. Altcoins Stablecoins It will be compatible with both Android and iOS. Crypto back rewards also secure better prices on trades and pays you with bonus VGX at the end of each month. I don't see them dropping them unfortunately. Voyager on Twitter: "Yup, sending funds between Voyager customers will I highly recommend freezing your credit reports with Experian, Equifax and Transunion. Voyager instead makes money on the spread (the bid/ask) of the coin being traded. No way around it. Very annoying. Beginners, buy-and-hold investors, and low volume traders may prefer the easy to use features and functionality of Voyager and Coinbase with their brand presence, US regulatory approval (both are publicly traded companies, being the only crypto companies to achieve this as of 2022), and cryptocurrency education. However, there is a $50 fee for incoming and outgoing wire transfers, and you must transfer a minimum of $10,000 out. Select " Transfer Assets " and then choose if you want to deposit or withdraw crypto to your Voyager account. The company made the decision to go public early in company history, which was an unconventional choice for a crypto company. I know Voyager charges 0.01 ETH and 0.0004 BTC to withdraw but thats their own fee. You will be able to trade over 50 cryptocurrencies, though you can only collect interest on 20. I am just wondering when I finally do sell my VGX(in a long time after the moon landing) for cash will I be charged to take it out of the app into my Chase bank account ? If we compare the staking and interest programs of the two exchanges, Voyager offers better rates at up to 12% with no lockups or opt-in required, while Gemini's Gemini Earn product requires lockups and offers lower rates. 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. Voyager crypto review: Fees, features & more | Finder document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); 8 Best Cryptocurrency Exchanges Ranked For 2023, 10 Best Crypto Promotional And Bonus Offers, Best Crypto Wallets For 2023 (Software And Hardware Options), 6 Best Portfolio Trackers For Cryptocurrency And Stocks, Best Tax Software For Crypto And NFT Traders In 2023, Proof Of Work vs. Fees for withdrawing crypto may not be a concern if you're planning to "buy and hold" your assets for a long period of time. Its safe to say that this round is a draw. It is not anyones responsibility to ensure all posts and/or questions are answered. That means if you have BTC and want to buy VGX, you have to sell BTC for USD. If you sell, depending on the country and state you live in, you could pay up to 40% in taxes on your crypto if you do not hold it for more that a year. Voyager charges the following deposit, withdrawal, and other fees: No account creation or maintenance fee No deposit fees for any digital asset Withdrawal fees for digital assets depends on the asset. This fee is determined by the blockchain network fees and may vary depending on network usage. Both platforms excel in their simplicity. Voyager offers access to 80+ crypto coins and USD trading pairs, for only spot trading, with commission-free trading and otherwise very low fees on a high quality mobile app platform, Intermediate to advanced traders trading margin or futures who desire access to advanced trading tools and charting would prefer to pick a different exchange especially if desiring one not requiring KYC, as Voyager is best suited for investors or more casual spot traders. It allows traders to use their Smart Order Routing technology and make the most of every trade by taking advantage of the discrepancies between different exchanges. However, if you're transferring FIAT through wire transfer at Voyager then you'll have to pay a $50 fee. All content on CaptainAltcoin is provided solely for informational purposes. However I should add that problems are usually resolved; they just take way more time than youd expect from such reputable companies. Despite being mobile-focused, Voyager has an impressive number of features that help it go toe-to-toe with popular exchanges and lending platforms. Celsius vs Voyager - Interest Rates, Fees, Payouts, Savings Voyager is also planning to expand to Canada and Europe in the near future. Voyager pays you $25 in free Bitcoin if someone you refer funds their account and spends at least $100. Use voyager to buy your BTC! no fees+ withdraw within a day or so! - reddit Paid non-client promotion: In some cases, we receive a commission from our partners. 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. Voyager is not recommended for anyone at this time. You can invest in more than 100 crypto assets with either platform. 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. 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. 2021 Whiteboardcrypto.com. The company has its headquarters in Jersey City, New Jersey, making it a U.S.-regulated company. First, they are listed on the Canadian Stock Exchange. Press question mark to learn the rest of the keyboard shortcuts. Required fields are marked. Press J to jump to the feed. In the US. New users have a daily deposit limit of $5,000.Voyager lets you place trades as market or limit orders. Hidden fees (1% to 3%) are rolled into your orders. 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. Celsius vs Voyager Interest Rates, Fees, Payouts, Savings. It's a flat fee that won't increase as your account assets grow. However theres a catch, users have to first convert their crypto to USD, which unfortunately is a taxable event. Your email address will not be published. Please note that some links on CaptainAltcoin.com are affiliate links. Withdrawals: When you want to withdraw your money, you will need to pay a fee that varies between each coin. If you dont see a cryptocurrency listed in the table, try the full list on the website. Voyager also offers itsEarnprogram, which offers extremely competitive rewards (interest) on over 30+ coins that are on the exchange, with rates as high as 12% on some such as Polkadot and 9% on USDC stablecoin. The sender is responsible for paying network fees associated with the transaction; each blockchain has its own cryptocurrency that . Continuing their insistence of accessibility, even opening an account with Voyager is laughably easy. You should not use voyager if you're planning on using it as a conduit to transfer to cold storage. It is only a matter of time before VGX will be offered on a Celsius or Voyager as collateral. Currently, the interest rate for USDC on Voyager is 9%, which is far more than you can find in any basic checking or savings account. Finally, the user clicks the Submit button, opens his or her email, and confirms the withdrawal. Funding Your Account: You can fund your Invest Voyager crypto account with cryptocurrency or with a bank account. In 2021, Voyager announced its approval to trade on the Toronto Stock Exchange (TSX) under the ticker VOYG. Median: 4.5 DOGE ($0.36). Voyager Review (Crypto Exchange + Fees + Coin List) 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. My Invest Voyager bonus code: https://voyager.onelink.me/WNly/referral?af_sub5=DAN8DE. WithdrawalFees.com. US users can use the exchange unless they are residents of NY state. Voyager lets you buy over 60 digital assets right from its Android or iOS app. Similarly also Voyager pays out interest to investors monthly and even offers free withdrawals. 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. 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. Unlike other exchanges, there are no lockup periods required with this program. If you dont trust the Voyager app, I completely agree. of 4,000 DOGE, and FDIC insurance on USD holdings. As the company only offers customer service through their live chat and email, a hot line would work a lot better. If Voyager beats the quote price, it takes a portion of those savings and passes some savings onto you.Unfortunately, Voyager doesnt state how much it takes. Responses have not been reviewed, approved or otherwise endorsed by any company. I do not plan on doing that . Voyager is made for people to easily buy and sell crypto and to keep it safely in voyager for interest. Free deposits and various withdrawal fees. Voyager was founded in 2017 and is based in New York City. This will make it easier for the IRS to discover your taxable obligations. Blockfi vs Celsius Network: Safety, Interest Rates, Supported Coins, Sia Coin (SC) Price Prediction 2023 | 2025 | 2030 Future Forecast For SIA Price. 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. 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. It looks especially designed for beginners, as placing an order can be done in just a few seconds. Voyager gives investors 4.6% APY on ETH for a minimum of 0.5 ETH balance. This is most notable with staples like Bitcoin and Ethereum. Also can get the interest elsewhere. Withdrawal fees depend on the asset in question: the fee list is. But Voyager isn't exactly an exchange. Crypto Lender Celsius Opens Up Withdrawals for Certain Custody Accounts New accounts have a daily deposit limit of $10K. Voyager. Voyager is currently open to everyone in the United States. 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. This is how Proof-of-Stake (PoS) cryptocurrencies like Algorand and Cardano operate versus something like Bitcoin, which relies on mining and Proof-of-Work (PoW). Features: 100+ cryptocurrencies, 0.50% interest for holding min. Comments may be held for moderation and are subject to approval. I transferred $111.29 worth of USDC and then used it to buy $108 worth of Uniswap tokens$3 was complete. This can be pretty steep for some of the coins.