Voyager vs Coinbase: Fees, Features & Security Compared

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Voyager vs Coinbase: Fees, Features & Security Compared

Torsten Hartmann


Torsten Hartmann


Voyager vs Coinbase

Although both offer close to the like number of coins, and a similar trade have, these two exchanges have insidious differences that set them apart. Voyager is presently merely available in the United States, so those from other countries have to consider Coinbase for the time being, however, those from the US would find Voyager more appealing due to its lower fees .

Background

Voyager

Invest Voyager homepage website
Voyager was founded by wall street and silicon valley entrepreneurs in order to create a elastic, fasten and guileless platform for crypto deal [ 1 ]. They differ from Coinbase in the sense that unlike traditional exchanges, Voyager connects users to over a twelve exchanges to offer the best prices and liquid available [ 2 ] .

Coinbase

Coinbase started in 2012 and over the years has grown its userbase to around 56,000,000 users across the world, who traded on average $ 335,000,000,000 in bulk in a unmarried quarter alone [ 3 ]. Being a beginner-friendly substitution, it attracts a fortune of newcomers who often take their beginning crypto steps on the platform .

Trading experience

Voyager

Voyager Charting Tool
The trade experience on the Voyager app is quite simple, it is easy to navigate through and nothing seems out of rate. The portfolio is easy to access and read, so investments – profits and losses – are easy to keep track off. The app uses what Voyager refers to as “ Smart Order Routing ”, a arrangement that connects to assorted exchanges to make the best trades potential [ 2 ] .
The Voyager app is available on both IOS and Android .
Please note that holocene reviews left on these app stores have expressed dissatisfaction concerning savings bank transmit times and crypto lodge errors .

Coinbase

Coinbase is geared towards beginners and prepares them for the global of trade crypto with spot trade. On Coinbase, users can buy, sell, hold, transfer and exchange crypto using the in-built Coinbase wallets. Facilitating this process is a simple, user-friendly UI that serves to help users navigate the chopine with rest, view their portfolio, keep track of favored coins, and more .
Coinbase can be accessed through its web site, or through its IOS and Android apps .
Visit Coinbase now

Available coins and contracts

Voyager

Voyager-Crypto Supported Coins
Available coins: presently there are 57 coins supported on Voyager, including Bitcoin, Ethereum, Litecoin, Doge, Algorand, Cardano and more. [ 4 ]
Available contracts: At the consequence users can only buy spots, i.e., they can only buy, hold and sell the available coins with their accounts. [ 2 ]

Coinbase

supported coinbase coin
Available coins: As of write, Coinbase supports around 62 coins, including Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Tezos, Ripple and more. [ 5 ]
Available contracts: similarly, the contracts on Coinbase are spots, meaning users can buy, hold and sell the supported cryptocurrencies. [ 5 ]

Voyager fees vs Coinbase

Voyager

Voyager prides itself with its “ 100 % Commission-Free ” trades. One of their independent net income models is centered around their dynamic ache order routing system that takes advantage of price disparities between unlike markets ; when this happens, the exploiter saves money, and Voyager takes a fraction from that saved come as profit. [ 2 ]
That being said, blockchain fees may still occur .

Coinbase

The trade fees on Coinbase are as follows [ 6 ] :
0.50 % spread for cryptocurrency purchases and sales, american samoa good as compressed fees that can range from $ 0.99 to $ 2.99 depending on the transaction amount. Up to 2 % spread margins for crypto conversions, and 25 % commissions on staking
These fees may vary by area, and may be subject to terms and conditions .

Deposits & withdrawals

Voyager

Deposits: Fiat deposits are made via bank transfer ( ACH ), at a minimum of $ 10, a maximum of $ 5,000 a day, and an instant sediment option of up to $ 10,000 [ 7 ]. alternatively, users can deposit using electrify, in which case a $ 50 fee incurs [ 8 ]. For crypto deposits, users can presently deposit only 11 coins and tokens including BTC, ETH and VGX [ 2 ] .
Withdrawals: Fiat withdrawals are limited to $ 25,000 a day, and withdrawals themselves are limited to 20 per sidereal day [ 9 ]. electrify withdrawals are an choice, but have a minimal command measure of $ 10,000, with a $ 50 transfer fee [ 8 ]. Users can withdraw the same 11 coins and tokens that they can deposit [ 2 ], up to $ 25,000 in grocery store prize per sidereal day [ 10 ], with flat fees that differ from crypto to crypto [ 11 ] .

Coinbase

Deposits: There are no down payment limits for crypto or decree, and while Coinbase does not charge any fees on incoming crypto, there are certain fees for decree deposits that are based on location and requital methods, details for which can be found here .
Withdrawals: There are minor minimum withdrawal limits, but no maximum ones. There is a 1 % conversion fee if the crypto is being withdrawn in decree, and standard transaction fees for crypto withdrawals which depend on the blockchain fees. [ 12 ]

Security and Trustworthiness

Voyager

Voyager is a public company, meaning they are publicly traded, licensed and regulated. With honesty and transparency being their top priorities, they are audited to ensure all of their assets are accounted for within their systems. [ 13 ]

not very specific with their security measures, Voyager mentions up-to-date engineering that prevents hackers and frauds [ 13 ]. They use a combination of hot and cold storages for crypto assets, which is more or less the same system that most exchanges use [ 1 ]. User data is encrypted using state of the art features, and are stored securely with minimal access [ 14 ] .
And as is expected from exchanges, Voyager uses 2-factor authentication for authoritative actions such as logging in and withdrawals [ 15 ] .

Coinbase

Coinbase security
Being one of the biggest exchanges in the world, Coinbase has to have high levels of security and trustworthiness to maintain its position, and in those regards, it does quite very well. It is crystalline about its fees, and since Coinbase is a beginner-friendly platform, there international relations and security network ’ t a fortune to pay attention to .
98 % of customer funds are stored offline, arsenic well as sensitive data which are encrypted and backed up, and stored in vaults around the universe. The web site runs entirely over code SSL, and uses SQL injection filters to prevent CSRF attacks. Employees of Coinbase have to pass background checks and are required to encrypt their hard drives, utilize strong passwords and enable sieve locking to prevent any potential damage. [ 16 ]
All accounts require potent passwords which are besides encrypted, and are protected with 2-factor authentication. Certain actions of dangerous significance are limited and monitored to spot and prevent leery activities. [ 16 ]

Insurance funds

Voyager

All funds are held by their banking collaborator and are FDIC ensured at $ 250,000 per individual [ 13 ] .

Coinbase

similarly, customer funds are FDIC ensured at $ 250,000 per person [ 17 ] .

KYC conditions

Voyager

Voyager requires KYC documents to allow users to trade, and those requirements are [ 18 ] :

  • Email address
  • Full name
  • Mobile phone number
  • Home address
  • Date of birth
  • Social security number

It should be noted that on sealed occasions, users may be asked for extra documents which may include but are not limited to [ 18 ] :

  • A selfie with an ID document such as a government-issued ID card, passport or valid driver’s license
  • Proof of social security number
  • Proof of home address

Coinbase

Coinbase besides requires users verify their accounts with KYC, and they ’ ll request the following [ 19 ] :

  • Name
  • Date of birth
  • Physical address
  • Social security number or ID number
  • Source of funds
  • Income/employment information (US only)
  • Explanation of activity (US only)
  • Identification document such as ID card, passport or driver’s license (US only)
  • Live selfie (US only)

These requirements can be subject to change, and residents outside the US may be asked for different documents .

Available in the US?

Voyager

Yes, Voyager is available in all US states except New York, which is in the process of happening. In fact, Voyager is presently only available in the US, but is planning on expanding internationally later this class. [ 13 ]

Coinbase

Coinbase is available in the US a well as in dozens of countries around the universe [ 20 ] .

Special features

Voyager

Voyager is possibly best known for its low fees ; comparing unlike exchanges to offer users the best prices, paired with 0 % commission fees result in a identical desirable platform for those who care about minimizing costs .

Coinbase

One of Coinbase ’ s most beloved features is the Earn Crypto incision where users can earn absolve crypto barely by learning about versatile cryptocurrencies. At the time of writing for example, users can earn a sum of $ 25 in respective coins and tokens .

Native token availability and benefits

Voyager

Voyager token
The Voyager Token ( VGX ) is the native nominal of Voyager and it presently only offers a 3 % APY ( annual share give ) when held in the Voyager app. Certain exclusive features are planned for the future such as cash back rewards, but as it stands presently it has minimal benefits. [ 21 ]
VGX can be immediately bought through the app .

Coinbase

Coinbase presently does not have any native tokens .

Customer support and education

Voyager

ampere far as education goes, Voyager has the Node Blog where it largely covers on topics and updates surrounding the chopine, but besides on crucial news and events in the crypto worldly concern .
The Voyager FAQ page contains a variety of articles that answer frequently asked questions. hera, users can search through these pages to find the answers they are looking for .
If all else fails however, they can constantly contact customer subscribe here. It is worth noting that as of recently, user reviews on both the IOS and Android apps have expressed disappointment in customer support reception times, with some users stating they never got a answer .

Coinbase

Coinbase Learn is an educational platform that features beginner guides on everything crypto related, covering topics from the basics to holocene events and trends. These articles are very resourceful for newcomers who wish to learn more about cryptocurrency .
Users who require aid can visit the Coinbase Help Centre to troubleshoot their issues, and for personal aid, can contact them immediately here. Coinbase do not answer immediately however, specially during times of grocery store volatility .
In case you want to check out early exchanges, below is our list of comparisons :
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CaptainAltcoin ‘s writers and guest post authors may or may not have a vest interest in any of the mention projects and businesses. none of the content on CaptainAltcoin is investing advice nor is it a substitute for advice from a license fiscal planner. The views expressed in this article are those of the generator and do not necessarily reflect the official policy or position of CaptainAltcoin.com

generator : https://coinselected
Category : coin 4u

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