How Much Are Voyager Withdrawal Fees? What Happened To Voyager? All trades can only be done against the USD (more on that later). The exception is those living in New York. Very annoying. then withdraw via ACH for no fees. The best features of Voyager are its simplicity and no trading fees. Voyager is also a FinCen registered Money Service Business now traded on US OTC markets under VYGVF. CEL holders receive in airdrops 80% of the networks profits. SMS verification is the default method. Along with services tailored for retail investors, Voyager also offersinstitutionalclient services that leverage the crypto trading technology behind the Voyager retail app. For customers who desire access to a desktop-based user interface with even more trading pairs and advanced order types, and those who do not desire to participate in cryptocurrency futures trading either Bittrex, Bitstamp, Coinbase, and Binance US can make great alternatives with a similar or greater amount of cryptocurrencies offered to trade along with trading fees but also more functionality. 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. US users trading at FTX US need to do KYC procedures and likewise for Voyager. Though Voyager's cryptocurrencies are commission-free, the app makes money (known as the "spread fee") when you save money on an order. {"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__. USDC is $20, for example. If you want to sign-up for the Voyager crypto app, you can use my Voyager promo code for a $25 sign up bonus. US users can use the exchange unless they are residents of NY state. 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. Because Voyager is regulated in the United States, it has certain perks in terms of security. 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. No way around it. Our opinions are our own. We are a team of blockchain enthusiasts dedicated to creating high-quality resources for anyone wanting to learn about the space. This means that if Voyager is hacked or you lose access to your account through a crypto scam, youre probably out of luck. Privacy Policy. If you send funds to a new friend, you get the reward for sign-up once they complete the milestone!" Better Business Bureau ratings usually range from A+ to F, but the BBB has given Voyager an F for multiple reasons: (1) the platform failed to respond to 157 complaints, (2) it received 185 complaints, (3) it's received multiple government actions, and (4) it never resolved two complaints that customers filed against it. 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. They also advertise that they are actively trying to prevent hacking and fraud. During the sign-up process you will need to enter DAN8DE for the Voyager promo code. But other than that Celsius is fee-free and withdrawals are unlimited. My job with Captainaltcoin is the content editor and content writer position. Why not sell USDC to USD (should be 1:1) trade. Continuing their insistence of accessibility, even opening an account with Voyager is laughably easy. The technology automatically connects with dozens of other exchanges and allows you to pick the best. There are a few reasons why I feel this is a legitimate company. Finally, the user clicks the Submit button, opens his or her email, and confirms the withdrawal. Voyager also offers a Mastercarddebit cardwith 9% cashback rewards and allows users to spend their USDC balance like cash. Yes. I highly recommend freezing your credit reports with Experian, Equifax and Transunion. What Is Cryptocurrency And How To Invest? Thats why it also offers free crypto education, so that traders know what theyre getting into. CaptainAltcoin.com 2022 - All Rights Reserved One advantage of using Voyager versus many cryptocurrency exchanges is that its fairly low-cost. Join our discord now, we are online! Comparison of cryptocurrency withdrawal fees, in nominal and fiat value. However, if users desire a clear fee schedule, Binance is better, since Voyager charges fees on the spread that are not clearly defined. Currently, the interest rate for USDC on Voyager is 9%, which is far more than you can find in any basic checking or savings account. I know there are gas fees bc its an erc20 token but not that much. Voyager also offers a debit card with up to 9% cashback so there is no shortage of crypto financial services. For example, previous withdrawal fees have included 0.0005 BTC and 35 USDC. He's contributed to stories published in the Boston Globe, and his work has also been featured in Yahoo News. 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. By staking CEL youll earn up to 30% on your deposit. All types of cryptocurrency spot investors and traders who desire access to a large variety of crypto coins for trading, earning interest with no lockups, and no crypto-to-crypto trading pairs, Spot traders and investors who desire a simple fee schedule, and competitive amount of crypto financial services, with the benefit of regulatory compliance of a public company. The actual interest earning rates for some of these coins is much lower than Nexo, BlockFi and Celsius Network. 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. Withdrawal fees : r/Invest_Voyager - reddit Voyager Network Fees on Withdrawals : r/CryptoCurrency - reddit Additionally both companies have no additional insurance on the funds and only offer a government backed $250k on USD and not crypto. This is different from most exchanges that prioritize desktop support. Gemini offers 62 coins and 86 trading pairs which is similar to the amount offered by Voyager. It's about the same to withdraw STMX, which I know is because of gas fees, but still. There are thousands of financial products and services out there, and we believe in helping you understand which is best for you, how it works, and will it actually help you achieve your financial goals. Check out our list of the best crypto exchanges to see how Voyager compares. Withdrawing 0.002585 yields an "industry standard" fee of 0.000500. There have been no reported hacks of Voyager. All Rights Reserved. Voyager vs Coinbase: Fees, Features & Security Compared Affiliate partners cannot pay CaptainAltcoin to guarantee favorable review or higher ratings on the website. It looks especially designed for beginners, as placing an order can be done in just a few seconds. I do not plan on doing that . I dont recommend the Voyager crypto app, but I do like free money. This isnt ideal as investors look for consistency when earning passive income on a platform. Them having high withdrawal fees doesnt promote this in any way. Youll want to see the current bids so you know how much to set your price. 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 Geminibothhave the following in common: huge crypto selections, low minimums, and crypto services for institutions. Voyager also comes with their own native Voyager Token. However I should add that problems are usually resolved; they just take way more time than youd expect from such reputable companies. A network fee is necessary in order to have your transaction processed by the decentralized cryptocurrency network. out After processing fiat withdrawals, the usual timeframe for ACH withdrawals to reach the users bank is 2-4 business days, excluding weekends and holidays. This can be pretty steep for some of the coins. 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