The same goes for maximum deposits. 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. However, if users desire a clear fee schedule, Binance is better, since Voyager charges fees on the spread that are not clearly defined. 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. Also keep in mind that Celsius updates its yields once a week, while Voyager once a month. There are no fees for signing up or for having an inactive account, nor any fees for holding funds in an account, and users may hold assets as long as desired and automatically earn interest on them without having to lock assets in a separate account or opt in. 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. 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. Interestingly, Voyager states that they are commission-free but in the small print they say additional fees may apply. This includes your name, address, email, mobile phone number, and date of birth. Voyager doesn't charge a fee for using ACH transfer for cash. 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. There isn't a gain or loss on selling usdc, so I don't think there's any tax issue to worry about. 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. Due to financial troubles, Voyager filed bankruptcy in July 2022 and had to put both trading and withdrawals on hold. Platform. Tom Blake is a personal finance writer with a passion for making money online, cryptocurrency and NFTs, investing, and the gig economy. Then youll need to go through the detailed verification process so have your ID ready. 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. 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. It looks especially designed for beginners, as placing an order can be done in just a few seconds. Here's what to know about this increasingly popular digital currency before getting involved. And for outgoing wires, there's a minimum withdrawal amount of $10,000 and a fee of $50. There are some very high fees hidden into the Buy/Sell Spreads that can range from 1% to 3%. Voyager raised over $100 million under private funding. Does this workflow make sense? Deposit $100 (use your bank ACH transfer because youll be subject to withdrawal fees from your crypto exchange), Buy $100 of USDC (this should trigger the trading requirement), You should get the $25 BTC bonus for trading, Sell the $25 worth of BTC to USD (youll probably get $24). 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. At the Voyager crypto app LIMIT Buy/Sell page, it will NOT show you the current ask/bid prices. Voyager VGX (VGX): Withdrawal Fees Compared (2023) | WithdrawalFees.com Voyager Frequently asked questions (FAQ), Fee-only vs. commission financial advisor, See a complete list of Voyager's supported coins and crypto assets here, Learn more about how Personal Finance Insider chooses, rates, and covers financial products and services , American Express High Yield Savings Account. 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. 35 BQX/VGX to withdraw a vgx token. Because of this, they are held to a higher standard of scrutiny. The current fee for transfers are: $22 to withdraw bitcoin, at the current price, is a lot. What if I dont get my Voyager referral bonus? Then use USD to buy VGX. It does beat many exchanges, but platforms like Crypto.com and Celsius pay up to approximately 14.5% APY and 17% APY respectively. Whats the deal? He graduated from Boston University, where he contributed as a staff writer and sports editor for Boston University News Service. According to his LinkedIn page, he has 25 years of experience running organizations. Trading Minimum: There is a minimum trade size of $10USD. But Voyager offers a simpler interface, so it could be a better choice for beginners or those who prioritize ease-of-use. Voyager is tailored towards the mobile trading crowd, the zoomer buying crypto on his phone. This is what you would expect in the cryptocurrency interest account industry. 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. This is different from most exchanges that prioritize desktop support. Any other fees that may apply are detailed in the Voyager Terms of Service. 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? 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. 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. It also analyzes other factors, including time in business, type of business, customer complaint history, licensing and government actions, and more. Voyager currently supports the following crypto: Celsius currently supports the following crypto: The Voyager app is designed to be easy to use, accessible and straightforward. If you think that's expensive, check binance fees. This doesnt influence our evaluations or reviews. Just out of curiosity, why are you wanting to withdrawal USDC and not just USD? The team that runs Voyager can be found online, with links to their LinkedIn pages. 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. What Are VeeFriends And Are They Worth It? Our experts answer readers' investing questions and write unbiased product reviews (here's how we assess investing products). 2021 Whiteboardcrypto.com. This means it currently costs approximately $2,500 to secure your spot in Adventurer, Voyagers first loyalty program tier.However, if youre a serious Voyager user, this price could be worth it. Youll want to see the current bids so you know how much to set your price. This just makes sure my main bank accounts are safe from being leaked onto the internet. 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. Paid non-client promotion: In some cases, we receive a commission from our partners. However, Voyager doesn't let you utilize margin accounts or futures trading (futures are contracts that give you the right to buy or sell an asset at a certain price on an upcoming date) like Kraken does. From there, the Bitcoin will be in your account within 72-hours. After processing fiat withdrawals, the usual timeframe for ACH withdrawals to reach the users bank is 2-4 business days, excluding weekends and holidays. USDC is $20, for example. 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. I am a big-time crypto enthusiast and I am proud to be a part of the project. Thanks yall. Click here to see the list of withdrawal fees for cryptos. The Voyager crypto app is available on iOS and Android devices. Rickie Houston was a senior wealth-building reporter for Business Insider, tasked with covering brokerage products, investment apps, online advisor services, cryptocurrency exchanges, and other wealth-building financial products. You will also need to provide your social security number. On Celsius you can withdraw anytime and anywhere, without worrying about fees or penalties. So, in theory, if something happens, you can expect to get your money back. 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? Meanwhile Celsius has awful trading fees as its not what the company specializes in. That's a big deal, as it means that they didn't clearly keep customer asset separate. Both have their pros and cons but which one should you choose? Withdrawals: There are minor minimum withdrawal limits, but no maximum ones. WithdrawalFees.com. Popular cryptocurrencies and stablecoins it supports include: You fund your Voyager account with USD from your bank account or cryptocurrency from another wallet. Coinbase Pro has fees at 0.5% which is high, but makes up for it with the lower withdrawal fees. A couple taps and you just have to wait for the order to complete. This is 10x to 30x higher than the fees on Binance which are 0.1% per trade. 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. This will allow Voyager to verify your identity. You can do that completely for free and I made a video tutorial on that. Withdraw $124 back into your bank account. Learn more here. Ya, I don't get it. Some withdrawal fees can be anywhere from $10-$15USD (full list here). Voyager is also publicly-traded like its competitor Coinbase.Voyager supports over 60 digital assets and lets you buy, sell, and manage your cryptocurrency portfolio from its mobile app. If you send funds to a new friend, you get the reward for sign-up once they complete the milestone!" Save my name, email, and website in this browser for the next time I comment. This round is close but Celsius comes out on top providing higher yields around 1-3% over the board. Cookie Notice For example, to withdraw BTC you will need to pay 0.0004BTC ($15USD). Our Rating: 2.00 stars. They also offer their service on a mobile app so you access them wherever you are. 60+ Crypto assets, including Bitcoin and Ethereum. 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. Heres how Voyagers loyalty program works: VGX is currently trading at around $5, down from a high of around $6.80 in early 2021. Crypto Deposits and Withdrawals NOW LIVE! - NODE from Voyager Voyager Review | Features, Pros & Cons, & Pricing - Cult Of Money Rewards are paid out as the same cryptocurrency you deposited, and Voyager pays rewards on the fifth day of each month. For example, previous withdrawal fees have included 0.0005 BTC and 35 USDC. SecuX V20 & W20 Review Is This Hardware Crypto Wallet Safe & Legit? International users who can use FTX International may prefer FTX for these reasons over Voyager. What Is Staking And How Can You Make Money With Your Crypto? Not selling , just wondering. 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.