Dogecoin (DOGE): Withdrawal Fees Compared (2023) | WithdrawalFees.com Though Voyager's cryptocurrencies are commission-free, the app makes money (known as the "spread fee") when you save money on an order. Because of these fees, you're better off using other payment methods. Voyager does disclose its security protocol, but we can assume its similar. That means if you have BTC and want to buy VGX, you have to sell BTC for USD. Reddit and its partners use cookies and similar technologies to provide you with a better experience. 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. Insane withdrawal fees. : Invest_Voyager - reddit I know, pushing my own Voyager referral code, right? The exception is those living in New York. Unfortunately with Voyager if theres an issue with your money, youll have to jump through hoops to talk to someone that might help. 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. However theres a catch, users have to first convert their crypto to USD, which unfortunately is a taxable event. Voyager is currently open to everyone in the United States. Any other fees that may apply are detailed in the Voyager Terms of Service. However, there are a few other options to explore. If you dont trust the Voyager app, I completely agree. This means Voyager lets you place trades and uses its tech Smart Order Router to let you buy cryptocurrencies from various exchanges at the lowest prices possible.Because of this technology and commission-free structure, Voyager is a cost-effective way to invest in cryptocurrency. Coinbase is a public US company and offers transparency into its industry-leading security along with its brand reputation, while Voyager is also a publicly traded company that is similarly audited and reputable. Its common to be wary before trying a new platform. You can fund your Voyager account with either cryptocurrency or a bank ACH transfer. A couple taps and you just have to wait for the order to complete. 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. Users may also opt out to earn interest in the app settings. This round is close but Celsius comes out on top providing higher yields around 1-3% over the board. 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. However, this provided users more transparency into the companys financials, bridges the gap between traditional finance and crypto, and allows Voyager an alternative avenue for company growth while also empowering everyday equities traders and investors the opportunity to back an emerging crypto company. Unfortunately Voyager only offers a mobile app which is bummer for those whod rather trade on their computer. 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. 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 company describes itself as a broker that facilitates trading through its routing technology. Binance is the leading global crypto established exchange by trading volume, offering a much larger selection of cryptocurrencies than Voyagerover 351 coins and over 1300 pairs. My Invest Voyager bonus code: https://voyager.onelink.me/WNly/referral?af_sub5=DAN8DE. I even lowered the price more and it still did not display my order when the spread was still at a 3% difference. Only USD Pairs: Some people like to sell their altcoins for BTC or ETH. While Voyager thrives on simplicity, Celsius focuses more on security and stability. Fiat deposits via wire transfer and ACH bank transfer are free, withdrawals are free for ACH but $50 for wire withdrawals to bank accounts. Our opinions are our own. So it was like a free transfer with extra money lols. The fact that Voyager is undergoing bankruptcy means it's not a product we recommend. Very annoying. However, Voyager still lacks the brand presence that Coinbase has achieved. Voyager is not recommended for anyone at this time. Platform. SecuX V20 & W20 Review Is This Hardware Crypto Wallet Safe & Legit? Voyager follows KYC requirements. . Feel free to shoot me a message on Facebook if you would like to get in touch and talk about the emerging crypto world. My job with Captainaltcoin is the content editor and content writer position. Create an account to follow your favorite communities and start taking part in conversations. Trading if professional cannot be done on a small sized screen like a mobile phone, Voyager clearly cuts a substantial part of the market out by not offering this functionality. 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. 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. MOST IMPORTANTLY, the Voyager crypto app is ONLY available for residents of the United States with the exception of New York. Your email address will not be published. The withdrawal options including the blockchain network and any associated fees will then populate on the screen. By clicking Sign up, you agree to receive marketing emails from Insider You can still buy and hold but store your coins more securely in cold storage. With Voyager, you can earn passive crypto rewards on your holdings. 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. However, if you're transferring FIAT through wire transfer at Voyager then you'll have to pay a $50 fee. For example, previous withdrawal fees have included 0.0005 BTC and 35 USDC. Our experts answer readers' investing questions and write unbiased product reviews (here's how we assess investing products). The sender is responsible for paying network fees associated with the transaction; each blockchain has its own cryptocurrency that . But its promising that Voyager is expanding its offerings and also rewarding VGX token holders. The app is also ideal for institutions in need of order execution and custodial crypto services. 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. The buying and selling experience is very bad on Voyager. 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. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com. Open orders are only available in your transaction history, The interest rates are lower than competitors like. Voyager Crypto Review 2023 | NextAdvisor with TIME This should happen automatically. There are multiple interviews and profiles with them. Voyager Network Fees on Withdrawals : r/CryptoCurrency - reddit Interest Rates: Wholl earn you more, Celsius or Voyager? {"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__. 5 Stars, 3.89 Voyager Transfer Times and Fees : r/Invest_Voyager - reddit 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. 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. The only fees you will bear for deposits depend on your bank and the crypto you choose to deposit. First, they are listed on the Canadian Stock Exchange. When there is a problem, they respond promptly, trying to be as transparent as possible. 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. "@CrucibleChris Yup, sending funds between Voyager customers will not require withdrawal fees. 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. Thanks yall. Thats very high! Ethereum On Celsius you'll earn a 5.35% APY on your first 100 ETH and 5.05% for any amount over that. 35 BQX/VGX to withdraw a vgx token. Users can withdraw from the wallet by navigating to the Transfer Cash or Crypto page under the Account icon on the bottom of the app interface. Voyager is the least expensive of the two, but it doesn't give you access to staking like Gemini does. However, the end result users pay in fees may be the same since Voyager charges based on the spread instead of a fee system, and high volume traders may pay less fees on a net basis at a low-fee competitor such as KuCoin or FTX. If you think that's expensive, check binance fees. That's like paying $30 to $35 to take money out of an ATM. Voyager allows the purchase of cryptocurrencies from a wide array of exchanges,. Coins (2557) Exchanges (34) Low fees, no sign up needed: swap with FixedFloat. There are no limits on crypto deposits. Plus, you can earn up to $40 per referral through Voyagers loyalty program. It trades in Canada and on the US OTC market under the ticker VYGVF. 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. What Is The Sandbox And How Can You Play? Interestingly, Voyager states that they are commission-free but in the small print they say additional fees may apply. You might need to provide your drivers license. In fact, what inspired us was our grandparents - they didn't understand crypto. Specifically, Voyager says it takes a small spread fee when it executes an order at a better price than you, the investor, submitted. Paid non-client promotion: In some cases, we receive a commission from our partners. BlockFi has over 225,000 users and $15 billion assets under management. So that 0.002585 (~$21) becomes 0.002085 ($17) by the time it hits your wallet: effectively a 20% withdrawal fee. Plaid and 2-factor authentication are the main features. Search. FTX is known for its extensive futures pairs and top-class matching and liquidation engine for advanced derivatives traders, while Voyager only offers basic buy/sell functionality with basic market/limit orders so it is not suited for anything beyond casual spot trading, but rather better suited for investing. Spread fees are incurred when an order is filled by the exchanges matching engine. For select stablecoins, Voyager may charge a withdrawal fee equivalent to $35. Click here to see the list of withdrawal fees for cryptos. Hidden fees that are rolled into every market buy, market sell, limit buy and limit sell. Thats why our Voyager review is covering what Voyager offers, its fees, and how to decide if it's the right platform for you. At least thats what they say. Here's what to know about this increasingly popular digital currency before getting involved. US users may prefer Kraken for its regulatory compliance and strong track record if they are traders especially. The Cult of Money does not include all companies or offers available in the marketplace. They do! The bid and ask prices can have a spread up to 3%. Voyager also offers a Mastercarddebit cardwith 9% cashback rewards and allows users to spend their USDC balance like cash. My real bank account with my actual funds never gets connected to these sites. If you want to earn interest on the Voyager app with your cryptocurrency, youll need to meet the minimum balance. Easy Hack That'll Get Your Voyager Fees Waived [3 Steps] New users have a daily deposit limit of $5,000.Voyager lets you place trades as market or limit orders. 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. Along with services tailored for retail investors, Voyager also offersinstitutionalclient services that leverage the crypto trading technology behind the Voyager retail app. Moving you crypto of any kind will result in gas and minor fees. The Binance exchange is not at all accessible to US persons and US customers will have to use Binance US which is a much more limited version of its global parent site, with only 64 coins and 130 pairs, which is still more than that of Voyager, so Binance US still wins if compared to Voyager. He graduated from Boston University, where he contributed as a staff writer and sports editor for Boston University News Service. 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. Crypto.com is $25 for a usdc withdrawal. There have been reports in the past of users having had to wait several days for withdrawals of crypto assets due to surges in demand during 2021, however this has since been resolved. Then, the user should select the asset the user wishes to sendeither crypto or fiat. Voyager is a US mobile-based cryptocurrency exchange that launched in 2018. At the Voyager crypto app LIMIT Buy/Sell page, it will NOT show you the current ask/bid prices. Voyager also offers a debit card with up to 9% cashback so there is no shortage of crypto financial services. Affiliate partners cannot pay CaptainAltcoin to guarantee favorable review or higher ratings on the website. Like we already discussed in detail Voyager also provides users the opportunity to earn interest with their crypto holdings. 7 . International users who can use FTX International may prefer FTX for these reasons over Voyager. For example, the earnings reward boost pays you an annual reward percent boost on various cryptocurrency assets Voyager supports. Insert your personal details through the app and youre good to go. Proof Of Stake vs. Gemini offers 62 coins and 86 trading pairs which is similar to the amount offered by Voyager. Heres a quick overview of some of the most popular options. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Voyager has a help desk to assist customers with basic account questions. At The Cult of Money, we want to help you navigate your finances. If you send funds to a new friend, you get the reward for sign-up once they complete the milestone!" Voyager vs Coinbase: Fees, Features & Security Compared 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. This tells me that Voyager app is rolling their fee into every order. The fee is charged for every participant in a plan. 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. SMS verification is the default method. Wire transfers, on the other hand, come with no transaction fee but are not available everywhere. It's about the same to withdraw STMX, which I know is because of gas fees, but still. I transferred $111.29 worth of USDC and then used it to buy $108 worth of Uniswap tokens$3 was complete. 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. Voyager manually approves all withdrawals as part of the AML process, so all withdrawals may take up to 24 hours. Comment Policy: We invite readers to respond with questions or comments. But -- there is a not insignificant withdrawal fee for Bitcoin. All you need to start trading is a couple minutes. The current fee for transfers are: $22 to withdraw bitcoin, at the current price, is a lot. And for outgoing wires, there's a minimum withdrawal amount of $10,000 and a fee of $50. Despite being mobile-focused, Voyager has an impressive number of features that help it go toe-to-toe with popular exchanges and lending platforms. Zero fees, we all love the sound of that. Exchange Withdrawal Fee Minimum Withdrawal Amount; $1.52. Built with the ERC-20 standard and running on the Ethereum blockchain. I don't see them dropping them unfortunately. On Voyager youll 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. 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. The best features of Voyager are its simplicity and no trading fees. 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. This doesnt influence our evaluations or reviews. After processing fiat withdrawals, the usual timeframe for ACH withdrawals to reach the users bank is 2-4 business days, excluding weekends and holidays. The app supports bank transfers up to $5,000. KYC is required. Coin Lowest Average Median Simply dont use Celsius to buy and sell crypto, as it wasnt designed for that. He has experience helping financial companies before, working with Honos Financials. of 4,000 DOGE, and FDIC insurance on USD holdings. Them having high withdrawal fees doesnt promote this in any way. But Voyager isn't exactly an exchange. Read our editorial standards. 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. 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. Not selling , just wondering. 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. Learn more here. I dont recommend the Voyager crypto app, but I do like free money. Voyager, though, is a publicly-traded company. What Do They Offer? Other competitors to Voyager include Crypto.com which also offers a similar full-featured app and crypto financial services, Kraken, and Gemini. If you dont own the keys, its not your crypto, as they say. I checked the history in voyager and the transaction had processed. Press question mark to learn the rest of the keyboard shortcuts. Voyager Digital Ltd. maintains its headquarters in Jersey City and NYC, in the USA. At this time, withdrawal limits on Voyager are as follows: $25,000 maximum total market value within a 24 hour period. 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.