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In the US. 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. 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. 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. There are no limits on crypto deposits. Median: 4.5 DOGE ($0.36). Voyager is also planning to expand to Canada and Europe in the near future. 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. 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. There are no further account tiers or limits. I checked the history in voyager and the transaction had processed. Additionally, some users have been unhappy with Voyager's spreads and have complained that limit orders are often more expensive than market orders. We have realized the quickest way to grow is to talk with our readers. I am a big-time crypto enthusiast and I am proud to be a part of the project. 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. Voyager charges no fees on trading commissions, but instead marks up the spread (bid/ask prices) by a very small amount for executing orders. This is different from most exchanges that prioritize desktop support. If you send funds to a new friend, you get the reward for sign-up once they complete the milestone!" out 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. Individual 401(k) & Individual Roth 401(k) plans. The only fees you will bear for deposits depend on your bank and the crypto you choose to deposit. Comments are solely the opinions of their authors. 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 J to jump to the feed. I know Voyager charges 0.01 ETH and 0.0004 BTC to withdraw but that's their own fee. Coinbase Pro has fees at 0.5% which is high, but makes up for it with the lower withdrawal fees. 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. Voyager, though, is a publicly-traded company. If you dont own the keys, its not your crypto, as they say. The data is only accessible to those at Voyager who need to know the information for a particular business purpose. 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. Voyager also comes with their own native Voyager Token. 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. I know Voyager charges 0.01 ETH and 0.0004 BTC to withdraw but thats their own fee. Voyager is not recommended for anyone at this time. Fiat withdrawals also depend on your bank, but Voyager will charge a dynamic "flat" fee for withdrawing crypto to an external wallet. Voyager is made for people to easily buy and sell crypto and to keep it safely in voyager for interest. The company has its headquarters in Jersey City, New Jersey, making it a U.S.-regulated company. If you're an institutional investor with crypto needs, Voyager offers a suite of options. 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 companys Twitter account is very active. Responses have not been reviewed, approved or otherwise endorsed by any company. Just out of curiosity, why are you wanting to withdrawal USDC and not just USD? A network fee is necessary in order to have your transaction processed by the decentralized cryptocurrency network. Invest Voyager is designed to make purchasing and selling Bitcoin and other cryptocurrencies as easy as possible without any fees. 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. So if you buy and sell a coin thats a 3% fee which is outrageously high and it doesnt make any sense why you would use this appunless you thought that there were no fees and all trades were commission free. 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). For more information, please see our Them having high withdrawal fees doesnt promote this in any way. Unlike other mobile app exchanges such as Robinhood however, users actually own their crypto assets and can withdraw them or deposit them into their Voyager account, however not every single asset that users can trade or buy is available to be withdrawn from the exchange. Interest Rates: Wholl earn you more, Celsius or Voyager? I remember a few years back $20 USDT was a pretty common withdraw fee across the board. Voyager is also commission-free and states you only pay the quoted price you see on trades. Additionally both companies have no additional insurance on the funds and only offer a government backed $250k on USD and not crypto. Up to 10% APY on over 50 cryptocurrencies, such as. If there is anything dodgy about the platform, the investors would have discovered it. 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. Your order will automatically be rejected if you try to put in a trade worth less than $10. The actual interest earning rates for some of these coins is much lower than Nexo, BlockFi and Celsius Network. Network: Buy Bitcoins Instantly Using Debit/Credit Card, Buy Bitcoin Anonymously (without Verification or ID). This is similar to companies like BlockFi and Celsius that let you deposit cryptocurrency to earn interest.Heres how Voyagers cryptocurrency rewards rates look for several popular cryptos and stablecoins: Rates are subject to change. So it all boils down to personal choice. Crypto back rewards also secure better prices on trades and pays you with bonus VGX at the end of each month. When there is a problem, they respond promptly, trying to be as transparent as possible. Voyager has expanded since launch to most US states and soon plans to launch to Europe. WithdrawalFees.com. Fees: No commissions, Voyager may earn a fee when it beats its quoted . Sorry New York, those financial regulations always leave you out just like they did with BlockFi. But other than that Celsius is fee-free and withdrawals are unlimited. of 4,000 DOGE, and FDIC insurance on USD holdings. 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. Because of this, they will need to make sure that their records are kept up to scratch. The sender is responsible for paying network fees associated with the transaction; each blockchain has its own cryptocurrency that . Comparison of cryptocurrency withdrawal fees, in nominal and fiat value. 2021 Whiteboardcrypto.com. CaptainAltcoin.com 2022 - All Rights Reserved Currently, Voyager is available in every U.S. state except New York. Remember that if you're using a blockchain like Bitcoin or Ethereum to withdraw your funds, you'll still need to pay a transaction fee to miners. First, they are listed on the Canadian Stock Exchange. From there, the Bitcoin will be in your account within 72-hours. Not every Voyager user is comfortable with the Voyager fees. Voyager also offers a debit card with up to 9% cashback so there is no shortage of crypto financial services. There are some very high fees hidden into the Buy/Sell Spreads that can range from 1% to 3%. On Celsius you can withdraw anytime and anywhere, without worrying about fees or penalties. This doesnt influence our evaluations or reviews. CaptainAltcoin.com does not offer any sort of financial or investment advice. I see in the loyalty program you can save on withdrawal fees . And our partners can never pay us to guarantee favorable reviews (or even pay for a review of their product to begin with). On the other side is Voyager crypto that started operations back in 2017. Editorial Disclaimer: Opinions expressed here are authors alone, not those of any bank, credit card issuer, airlines or hotel chain, or other advertiser and have not been reviewed, approved or otherwise endorsed by any of these entities. He graduated from Boston University, where he contributed as a staff writer and sports editor for Boston University News Service. Click here to see the list of withdrawal fees for cryptos. You can invest in more than 100 crypto assets with either platform. That means if you have BTC and want to buy VGX, you have to sell BTC for USD. Unfortunately Voyager only offers a mobile app which is bummer for those whod rather trade on their computer. This isnt ideal as investors look for consistency when earning passive income on a platform. You should not use voyager if you're planning on using it as a conduit to transfer to cold storage. It's supposed to promote a buy and hold mentality. This fee is determined by the blockchain network fees and may vary depending on network usage. Voyager is a Financial Crimes Enforcement Network (FinCEN)-registered exchange, and it's a fully regulated and publicly traded company in the US. First, youll need to use the Voyager affiliate link to access the site and download the app. The company has been around since 2014 and was founded by the same team behind popular cryptocurrency exchange platform Changelly. This tells me that Voyager app is rolling their fee into every order. In fact, it beats Coinbase since Coinbase has the same terms but only pays each person $10 in free Bitcoin. Voyager Network Fees on Withdrawals Can anyone tell me what the network fees are for withdrawing ETH and BTC from Voyager? Thanks! But Gemini offers more services. Cash is FDIC-insured but Voyager doesnt carry any insurance for cryptocurrencies. There are a few reasons why I feel this is a legitimate company. However, there is a $50 fee for incoming and outgoing wire transfers, and you must transfer a minimum of $10,000 out. Does this workflow make sense? Lets start with saying that both platforms excel at keeping fees low. Currently, Voyager is available in every U.S. state except New York. So it may in some cases be the platform of choice. Voyager also has a limited selection of educational support for beginner traders. If you want to invest in cryptocurrency and need a simple way to start trading, Voyager should definitely be on your radar.This cryptocurrency broker is a popular alternative to exchanges like Coinbase and Gemini. Please note that some links on CaptainAltcoin.com are affiliate links. This is the same technology many leading fintech apps use and it helps keep your data secure and private. 35 BQX/VGX to withdraw a vgx token. And, you can stake VGX tokens and currently earn 7% in annual rewards.If you have an active Voyager account, you actually stake VGX automatically. Its common to be wary before trying a new platform. Funding Your Account: You can fund your Invest Voyager crypto account with cryptocurrency or with a bank account. International users who can use FTX International may prefer FTX for these reasons over Voyager. 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. Both Voyager and Celsius have their native tokens, which can be seen as investments. 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. BingX Review Is BingX.com Copy Trading Any Good? Though Voyager charges no trading fees which is extremely competitive, it does mark up the spread (bid/ask) on each order by a small amount, so the prices at which assets may be bought and sold may differ slightly from those of other exchanges. Voyager also pays bug bounties to incentivize users and white hat security experts to report potential security flaws. 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. So that 0.002585 (~$21) becomes 0.002085 ($17) by the time it hits your wallet: effectively a 20% withdrawal fee. Despite being mobile-focused, Voyager has an impressive number of features that help it go toe-to-toe with popular exchanges and lending platforms. Simply dont use Celsius to buy and sell crypto, as it wasnt designed for that. Voyager is also a FinCen registered Money Service Business now traded on US OTC markets under VYGVF. Its only available on mobile devices. It will be compatible with both Android and iOS. There might be further legal requirements that you need to meet. Interest rates on both platforms fluctuate based on demand, so these are at time of writing. Just send USD or sell to ltc and send that? 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." Bored Ape Yacht Club NFTs Are Popular (And Expensive). I know there are gas fees bc its an erc20 token but not that much. It trades in Canada and on the US OTC market under the ticker VYGVF. He has experience helping financial companies before, working with Honos Financials. Our opinions are our own. Insert your personal details through the app and youre good to go. Also can get the interest elsewhere. The same goes for maximum deposits. Commission and Fees. They use a third-party app exchange for it, so its to be expected. The new VGX 2.0 token boosts users crypto earning potential with 7% staking rewards and those on other cryptos on the exchange as well. The Voyager withdrawal fee differs based on the cryptocurrency you want to withdraw. Get the latest tips you need to manage your money delivered to you biweekly. Shares have been halted as a result. 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. Though I wouldnt want to put this to the test. It's about the same to withdraw STMX, which I know is because of gas fees, but still. 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. 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. One advantage of using Voyager versus many cryptocurrency exchanges is that its fairly low-cost. 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. Reddit and its partners use cookies and similar technologies to provide you with a better experience. MOST IMPORTANTLY, the Voyager crypto app is ONLY available for residents of the United States with the exception of New York. This will make it easier for the IRS to discover your taxable obligations. However, they plan to expand to more countries throughout 2021. The best way to make sure that your account is secure is by using 2-Step Verification. Like Celsius, Voyager has its own token (VGX) that rewards users for their loyalty to the platform. All you need to start trading is a couple minutes. Voyager instead makes money on the spread (the bid/ask) of the coin being traded. Heck no. 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. One of the downsides of Voyager is the limited ways that you can use it. 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. 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. Instructions for withdrawing from users accounts can be found here from official support. If you want to earn interest on the Voyager app with your cryptocurrency, youll need to meet the minimum balance. Blockfi vs Celsius Network: Safety, Interest Rates, Supported Coins, Sia Coin (SC) Price Prediction 2023 | 2025 | 2030 Future Forecast For SIA Price. This is 10x to 30x higher than the fees on Binance which are 0.1% per trade. CEL holders receive in airdrops 80% of the networks profits. However, if youre buying VGX to get into the Voyager loyalty program, automatic staking is an extra perk. But -- there is a not insignificant withdrawal fee for Bitcoin. 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. 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. Continuing their insistence of accessibility, even opening an account with Voyager is laughably easy. $10 minimum deposit required to open your account. Overall, Voyager uses excellent security features and is a great mobile exchange/app with a great reputation. The exception is those living in New York. US investors and traders are allowed to use Gemini with KYC verification only, since Gemini is regulated and based in the USA, however as a result, Gemini offers no margin or futures products, and neither does Voyager. Other security features include advanced fraud protection that uses technology to prevent hackers. It's CEO is Stephen Ehrlich. Other features of the Voyager crypto app is that you do earn interest on some of the coins you hold in your Voyager wallet. Thats why it also offers free crypto education, so that traders know what theyre getting into. Withdrawals: There are minor minimum withdrawal limits, but no maximum ones. For more information and a complete list of our advertising partners, please check out our full Advertising Disclosure. Limit Buy/Sell: Whenever you try to buy or sell a cryptocurrency using the Voyager app, it automatically defaults to Market Buy/Sell. 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. SecuX V20 & W20 Review Is This Hardware Crypto Wallet Safe & Legit? To do this, many or all of the products featured here may be from our partners whom we receive compensation from. The buying and selling experience is very bad on Voyager. While Celsius excels at being a lending platform, providing users with the higher yield. Stay safe! Unlike competitors on Celsius, investors can deposit as little as they wish. 3.03548281 VGX Currently all customer assets are frozen and customers cannot make withdrawals. Additionally both platforms have lackluster customer service, so theres no winner in that field. In addition, it supports over 100 cryptocurrencies such as Bitcoin, Ethereum, Litecoin, Dash, Ripple, etc. 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. I highly recommend getting an additional bank account for this very reason. 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. Voyager does disclose its security protocol, but we can assume its similar. Voyager and Kraken also offer several similar features. Meanwhile Celsius has awful trading fees as its not what the company specializes in. This should happen automatically. Check out: Personal Finance Insider's review of eToro. It's about the same to withdraw STMX, which I know is because of gas fees, but still. Plaid is a pretty common service that youll see that allows you to create a connection to your bank with their supported platforms. No way around it. 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. Market Buy/Sell: As mentioned in the fees section earlier, you will be subject to the rolled in fees Voyager has when you buy or sell a cryptocurrency. Your email address will not be published. But this isnt JUST a selfish request. This is a better way to spend your crypto then selling it. Though Voyager's cryptocurrencies are commission-free, the app makes money (known as the "spread fee") when you save money on an order. He also has a CPA. 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. Voyager and Gemini are similar in being US-compliant exchanges with full-featured mobile apps and a basic range of crypto financial services offered. where does ben tanner work,