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. Paid non-client promotion: In some cases, we receive a commission from our partners. For example, to withdraw BTC you will need to pay 0.0004BTC ($15USD). That's a big deal, and highlights the huge risk of Voyager. Plaid and 2-factor authentication are the main features. Insane withdrawal fees. : Invest_Voyager - reddit Voyager. I'm still fairly new, what other use is there for stable coins beyond earning interest on the exchange? I set a limit order for roughly $1500 and then made 2 separate withdrawals of $1000 each, and left the remaining $1500 to decide later. Interestingly, Voyager states that they are commission-free but in the small print they say additional fees may apply. Fiat deposits via wire transfer and ACH bank transfer are free, withdrawals are free for ACH but $50 for wire withdrawals to bank accounts. as well as other partner offers and accept our, No trading fees (excluding the small spread fee Voyager earns for executing orders at better prices), Access to 100+ cryptocurrencies, including bitcoin, ethereum, and dogecoin, You can fund account instantly with cash or crypto transfers, Voyager filed for bankruptcy in July 2022, No self-custody for individuals, meaning you can't secure your crypto assets with a private key you control (Voyager says this feature is coming soon), Not available for New York residents, and international support is limited (see full list of supported countries here). 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. 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. Why not sell USDC to USD (should be 1:1) trade. Thanks yall. But its promising that Voyager is expanding its offerings and also rewarding VGX token holders. Voyager Crypto Review | The College Investor Zero fees, we all love the sound of that. How Much Are Voyager Withdrawal Fees? What Happened To Voyager? It's about the same to withdraw STMX, which I know is because of gas fees, but still. It will also make it easier for Voyager to spot any signs of fraud. It looks especially designed for beginners, as placing an order can be done in just a few seconds. Currently, Voyager is available in every U.S. state except New York. How long does it take to get the Invest Voyager Sign-up Bonus? $10 minimum deposit required to open your account. Network: Buy Bitcoins Instantly Using Debit/Credit Card, Buy Bitcoin Anonymously (without Verification or ID). 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 ? He graduated from Boston University, where he contributed as a staff writer and sports editor for Boston University News Service. Withdrawals are always free and interest is compounded once a week. The best way to make sure that your account is secure is by using 2-Step Verification. 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. I transferred $111.29 worth of USDC and then used it to buy $108 worth of Uniswap tokens$3 was complete. Voyager Review (Crypto Exchange + Fees + Coin List) After processing fiat withdrawals, the usual timeframe for ACH withdrawals to reach the users bank is 2-4 business days, excluding weekends and holidays. As for customer support, Voyager offers a support service center users can access via logging into the app and submitting a query. I highly recommend getting an additional bank account for this very reason. Crypto deposits, debit card, bank transfer, Debit card, credit card, bank wire, external crypto transfer, Bitcoin, Ethereum, Link, and several others, Bitcoin, Ethereum, Litecoin, and around 60 others. With Voyager, you can earn passive crypto rewards on your holdings. A network fee is necessary in order to have your transaction processed by the decentralized cryptocurrency network. 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. Voyager and Kraken also offer several similar features. 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. 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. Coin Lowest Average Median USD deposits are FDIC insured up to $250K USD and held by a US banking partner, so the cash users hold in Voyager is protected, however it should be noted that this does not apply to stablecoins, but only to fiat USD. 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. We'll waive the fee for all participants in the plan if at least one participant has at least $50,000 in qualifying Vanguard assets. In case you want to check out other exchanges, below is our list of comparisons: Choosing a winner between Celsius and Voyager is easier said than done, as both companies have different pros and cons, appealing to very different users. Voyager vs Coinbase: Fees, Features & Security Compared 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. This just makes sure my main bank accounts are safe from being leaked onto the internet. Withdrawing USD to bank account : r/VoyagerExchange USDC is $20, for example. There is a slight difference in fees to start giving Voyager the edge: the minimum fee tier at Gemini starts at 0.35% for takers and 0.10% for makers, with a flat transaction fee between $0.99-$2.99 and 1.49% transaction fee for trades over $200, so there are extra fees per transaction and extra auction fees, while Voyager charges 0 trading fees and only minimal fees based only on the spread. 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. If you want to sign-up for the Voyager crypto app, you can use my Voyager promo code for a $25 sign up bonus. There have been reports in the past of customer support taking very long to reply to users but this was due to surges in customer demand and signups during 2020-2021. According to its website, you can sign up and begin investing in three minutes or less. 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. This includes your name, address, email, mobile phone number, and date of birth. The only fees you will bear for deposits depend on your bank and the crypto you choose to deposit. Binance Fees: A Full Breakdown of How To Reduce Costs - GOBankingRates See a complete list of Voyager's supported coins and crypto assets here. 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. When you do a bank transfer with Voyager, they connect to your bank account using Plaid. 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. Withdrawal fees on Voyager vary depending on the cryptocurrency you want to withdraw. 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. At first, it was listed on the Canadian TSX.V (Toronto Venture Exchange) stock exchange under the symbol VYGR.V. They do! Other security features include advanced fraud protection that uses technology to prevent hackers. For more information and a complete list of our advertising partners, please check out our full Advertising Disclosure. Yes, Voyager takes extensive security precautions and is regularly audited in its reserves and financial statements of the company given that it is a publicly traded company. If you dont trust the Voyager app, I completely agree. The information in our reviews could be different from what you find when visiting a financial institution, service provider or a specific product's website. Gemini offers 62 coins and 86 trading pairs which is similar to the amount offered by Voyager. Ultimately, advanced users who desire both competitive fees and a greater selection of trading products than what either FTX or Coinbase offer may find the choices below equally valuable. We're proud of our content and guidance, and the information we provide is objective, independent, and free. 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. However, Voyager still lacks the brand presence that Coinbase has achieved. 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. This can be pretty steep for some of the coins. You can find the full list of supported products here. But Voyager offers a simpler interface, so it could be a better choice for beginners or those who prioritize ease-of-use. For select stablecoins, Voyager may charge a withdrawal fee equivalent to $35. But even though you can't determine how trades are executed, Voyager says its Smart Order Router connects to more than 12 exchanges and market makers to offer its users fast order execution and good pricing. You can start earning interest on a $1 deposit any time you wish. Individual 401(k) & Individual Roth 401(k) plans. Your email address will not be published. However, if youre buying VGX to get into the Voyager loyalty program, automatic staking is an extra perk. It's about the same to withdraw STMX, which I know is because of gas fees, but still. Click here to see the list of withdrawal fees for cryptos. There are other exchanges that work better for your use case. Voyager earns money from the spread between the price at which you submit your order and the price at which the platform executes it. {"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}, __CONFIG_colors_palette__{"active_palette":0,"config":{"colors":{"f3080":{"name":"Main Accent","parent":-1},"f2bba":{"name":"Main Light 10","parent":"f3080"},"trewq":{"name":"Main Light 30","parent":"f3080"},"poiuy":{"name":"Main Light 80","parent":"f3080"},"f83d7":{"name":"Main Light 80","parent":"f3080"},"frty6":{"name":"Main Light 45","parent":"f3080"},"flktr":{"name":"Main Light 80","parent":"f3080"}},"gradients":[]},"palettes":[{"name":"Default","value":{"colors":{"f3080":{"val":"rgb(42, 41, 60)"},"f2bba":{"val":"rgba(42, 41, 61, 0.5)","hsl_parent_dependency":{"h":243,"l":0.2,"s":0.19}},"trewq":{"val":"rgba(42, 41, 61, 0.7)","hsl_parent_dependency":{"h":243,"l":0.2,"s":0.19}},"poiuy":{"val":"rgba(42, 41, 61, 0.35)","hsl_parent_dependency":{"h":243,"l":0.2,"s":0.19}},"f83d7":{"val":"rgba(42, 41, 61, 0.4)","hsl_parent_dependency":{"h":243,"l":0.2,"s":0.19}},"frty6":{"val":"rgba(42, 41, 61, 0.2)","hsl_parent_dependency":{"h":243,"l":0.2,"s":0.19}},"flktr":{"val":"rgba(42, 41, 61, 0.8)","hsl_parent_dependency":{"h":243,"l":0.2,"s":0.19}}},"gradients":[]},"original":{"colors":{"f3080":{"val":"rgb(23, 23, 22)","hsl":{"h":60,"s":0.02,"l":0.09}},"f2bba":{"val":"rgba(23, 23, 22, 0.5)","hsl_parent_dependency":{"h":60,"s":0.02,"l":0.09,"a":0.5}},"trewq":{"val":"rgba(23, 23, 22, 0.7)","hsl_parent_dependency":{"h":60,"s":0.02,"l":0.09,"a":0.7}},"poiuy":{"val":"rgba(23, 23, 22, 0.35)","hsl_parent_dependency":{"h":60,"s":0.02,"l":0.09,"a":0.35}},"f83d7":{"val":"rgba(23, 23, 22, 0.4)","hsl_parent_dependency":{"h":60,"s":0.02,"l":0.09,"a":0.4}},"frty6":{"val":"rgba(23, 23, 22, 0.2)","hsl_parent_dependency":{"h":60,"s":0.02,"l":0.09,"a":0.2}},"flktr":{"val":"rgba(23, 23, 22, 0.8)","hsl_parent_dependency":{"h":60,"s":0.02,"l":0.09,"a":0.8}}},"gradients":[]}}]}__CONFIG_colors_palette__. 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? US users may prefer Kraken for its regulatory compliance and strong track record if they are traders especially. 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. CaptainAltcoin.com does not offer any sort of financial or investment advice. Moving you crypto of any kind will result in gas and minor fees. Withdrawal Fees on Cryptocurrency Exchanges The company made the decision to go public early in company history, which was an unconventional choice for a crypto company. Since Voyager is a cryptocurrency broker, it shares some features with cryptocurrency exchanges and lending platforms. 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. We came to Voyager because of low fees, and to get unchained from 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. The withdrawal options including the blockchain network and any associated fees will then populate on the screen. Before Insider, Rickie worked as a personal finance writer at SmartAsset, focusing on retirement, investing, taxes, and banking topics. What Is Uniswap And How Do Decentralized Exchanges Work? That's a big deal, as it means that they didn't clearly keep customer asset separate. Thats how the Voyager Digital app makes its money. First, youll need to use the Voyager affiliate link to access the site and download the app. 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. It also analyzes other factors, including time in business, type of business, customer complaint history, licensing and government actions, and more. There might be further legal requirements that you need to meet. Everyday there is a post about these crazy over inflated withdrawal fees, Modified on: Thu, Mar 18, 2021 at 12:48 PM. What Is Staking And How Can You Make Money With Your Crypto? In 2021, Voyager announced its approval to trade on the Toronto Stock Exchange (TSX) under the ticker VOYG. Specifically, Voyager says it takes a small spread. You can invest in more than 100 crypto assets with either platform. 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. Crypto withdrawal fees depend on the cryptocurrencies being withdrawn, and can vary between US$10-$20. Despite being mobile-focused, Voyager has an impressive number of features that help it go toe-to-toe with popular exchanges and lending platforms. For example, you might want to use Authenticator. All content on CaptainAltcoin is provided solely for informational purposes. The app is also ideal for institutions in need of order execution and custodial crypto services. This is what you would expect in the cryptocurrency interest account industry. 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. Using Voyager can be done by going to investvoyager.com, clicking the respective link to either the Apple App Store or the Google Play store to download the app, creating an account on the platform, first undergoing KYC verification procedures, waiting for verification to complete, and then depositing any trading funds into the account (either crypto assets or fiat via connecting ones bank account) and then getting access to the market offerings and begin trading. Both have their pros and cons but which one should you choose? 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. While Voyager thrives on simplicity, Celsius focuses more on security and stability. Best Crypto Signals (Telegram & Discord) Are Crypto Groups Worth It? With that said, the additional fees on Voyager average 1.5%. This doesnt influence our evaluations or reviews. Withdrawing fiat is free. 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. 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. In the US. Altcoins Stablecoins Fees: No commissions, Voyager may earn a fee when it beats its quoted . Voyager also recently filed for bankruptcy. 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. CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. Withdrawal fees depend on the asset in question: the fee list is. There is a 1% conversion fee if the crypto is being withdrawn in fiat, and standard transaction fees for crypto withdrawals which depend on the blockchain fees. CultOfMoney.com strives to keep its information accurate and up to date. You will also need to provide your social security number. 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. Create an account to follow your favorite communities and start taking part in conversations. This project aims at providing people with fast transactions and low fees. I know Voyager charges 0.01 ETH and 0.0004 BTC to withdraw but that's their own fee. 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. This is different from most exchanges that prioritize desktop support. . There are no limits on crypto deposits. BingX Review Is BingX.com Copy Trading Any Good? Its only available on mobile devices. Additionally, some users have been unhappy with Voyager's spreads and have complained that limit orders are often more expensive than market orders. Voyager calls their withdrawal fees "small". Please note that some links on CaptainAltcoin.com are affiliate links. The exception is those living in New York. Voyager Token $0.32809887-0. The winner here is clearly Celsius. The app supports bank transfers up to $5,000. I know there are gas fees bc its an erc20 token but not that much. Crypto Deposits and Withdrawals NOW LIVE! - NODE from Voyager 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. The company describes itself as a broker that facilitates trading through its routing technology. Voyager supports over 60 digital assets and lets you buy, sell, and manage your cryptocurrency portfoliofrom its mobile app. Average: 11.3516 DOGE ($0.92). Unfortunately with Voyager if theres an issue with your money, youll have to jump through hoops to talk to someone that might help. I see in the loyalty program you can save on withdrawal fees . Spread fees are incurred when an order is filled by the exchanges matching engine. Personal Finance Insider's review of eToro. Then youll need to go through the detailed verification process so have your ID ready. I wouldnt say that Voyager is a scam, but I would say their business practice is not in the best interest of their customers. Supported Crypto Assets. As mentioned, Voyager uses its Smart Order Router technology to find pricing discrepancies across various exchanges to try and beat quoted prices. Our experts answer readers' investing questions and write unbiased product reviews (here's how we assess investing products). You have to select LIMIT as another page at the top. All trades can only be done against the USD (more on that later). It trades in Canada and on the US OTC market under the ticker VYGVF. I am obviously incentivized with a $25 bonus when you sign up, using my referral link, but youll end up losing A LOT of money in fees in the long run. Finally, the user clicks the Submit button, opens his or her email, and confirms the withdrawal. The team also maintains ablog with news and reports. Youll need to send your email to rewards@investvoyager.com. Then use USD to buy VGX. However, if you're transferring FIAT through wire transfer at Voyager then you'll have to pay a $50 fee. 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). But -- there is a not insignificant withdrawal fee for Bitcoin. At The Cult of Money, we want to help you navigate your finances. It will be compatible with both Android and iOS. Exchange Withdrawal Fee Minimum Withdrawal Amount; $1.52. The exchange requires KYC (Know Your Customer) identity verification or document protocols to be completed for use of the exchange. 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. $20 for each Vanguard mutual fund in each account. New users have a daily deposit limit of $5,000.Voyager lets you place trades as market or limit orders. Select " Transfer Assets " and then choose if you want to deposit or withdraw crypto to your Voyager account. Tom Blake is a personal finance writer with a passion for making money online, cryptocurrency and NFTs, investing, and the gig economy. Hidden fees (1% to 3%) are rolled into your orders. 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. 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.