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Bottom line: Voyager and Coinbase each offer access to dozens of cryptocurrencies, with staking rewards and support both for individuals and institutions.Coinbase best suits both beginners and those in search of a greater selection of account features and crypto services.Voyager is a better choice for mobile-focused traders who want the lowest costs.However, Voyager filed for bankruptcy in July 2022, and the company is reorganizing its structure, so we advise looking elsewhere if you’re eager to get in on crypto.
*Note: Voyager recently filed for Chapter 11 bankruptcy.
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.Customers with crypto in their accounts will in exchange get a combination of the crypto from their accounts, proceeds from the Three Arrows Capital recovery, Voyager tokens, and common shares in the reorganized company, according to Voyager.
Voyager vs.Coinbase: The biggest differences Compare Voyager and Coinbase Voyager Coinbase Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.
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$10 Editor’s Rating 3.89/5 A five pointed star
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Fees Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.
0% Min.
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$2 Editor’s Rating 4.35/5 A five pointed star
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Fees Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.
0.50% spread for buy/sell transactions; transaction fee from $0.99 to $2.99; up to 0.60% for Coinbase Pro and Coinbase Advanced Trade Learn More On Voyager’s website Learn more On Coinbase’s website Voyager and Coinbase both offer extensive cryptocurrency selections, interest rewards, and support for all types of clients.However, the crypto platforms diverge in certain areas.
Voyager is best for mobile-forward crypto traders who want access to a simple user interface, low fees, and multiple account funding options.While it doesn’t offer as many features and products as Coinbase, it’s arguably better for staking since it allows you to earn up to 12% interest (Coinbase only allows up to 5%).
Coinbase, on the other hand, offers a wider range of products and services for individuals and institutional traders.These include crypto-backed loans, wallet services, educational resources and crypto rewards, card services, and more.This exchange is a better option for beginners.
Voyager 3.89 /5 A five pointed star
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3.89 out of 5 Stars Account Minimum $10 Fees 0% Investment Types Cryptocurrencies View Full Details Learn more On Voyager’s website Voyager 3.89 /5 A five pointed star
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3.89 out of 5 Stars Account Minimum $10 Fees 0% Investment Types Cryptocurrencies View Full Details Learn more On Voyager’s website Voyager Learn more On Voyager’s website Investment Details Account Minimum $10 Fees 0% Editor’s Rating 3.89 /5 A five pointed star
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3.89 out of 5 Stars Pros & Cons Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.
Pros Check mark icon A check mark.It indicates a confirmation of your intended interaction.
Low account minimum ($10) Check mark icon A check mark.
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No trading fees (excluding the small spread fee Voyager earns for executing orders at better prices) Check mark icon A check mark.It indicates a confirmation of your intended interaction.
Access to 100+ cryptocurrencies, including bitcoin, ethereum, and dogecoin Check mark icon A check mark.It indicates a confirmation of your intended interaction.
You can fund account instantly with cash or crypto transfers Cons Dash icon A dash.It often indicates an interaction to shrink a section.
Voyager filed for bankruptcy in July 2022 Dash icon A dash.It often indicates an interaction to shrink a section.
No coin-to-coin exchanges Dash icon A dash.It often indicates an interaction to shrink a section.
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) Dash icon A dash.It often indicates an interaction to shrink a section.
Not available for New York residents, and international support is limited (see full list of supported countries here) Dash icon A dash.It often indicates an interaction to shrink a section.
No live phone support Highlights Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.
More Information Promotion: None at this time.
Features: 100+ cryptocurrencies, 0.50% interest for holding min.of 4,000 DOGE, and FDIC insurance on USD holdings.App store rating: 4.7 iOS/ 4.4 Android Additional Reading Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.
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Coinbase 4.35 /5 A five pointed star
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4.35 out of 5 Stars Account Minimum $2 Fees 0.50% spread for buy/sell transactions; transaction fee from $0.99 to $2.99; up to 0.60% for Coinbase Pro and Coinbase Advanced Trade Investment Types Cryptocurrencies View Full Details Learn more On Coinbase’s website Coinbase 4.35 /5 A five pointed star
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4.35 out of 5 Stars Account Minimum $2 Fees 0.50% spread for buy/sell transactions; transaction fee from $0.99 to $2.99; up to 0.60% for Coinbase Pro and Coinbase Advanced Trade Investment Types Cryptocurrencies View Full Details Learn more On Coinbase’s website Coinbase Learn more On Coinbase’s website Investment Details Account Minimum $2 Fees 0.50% spread for buy/sell transactions; transaction fee from $0.99 to $2.99; up to 0.60% for Coinbase Pro and Coinbase Advanced Trade Editor’s Rating 4.35 /5 A five pointed star
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4.35 out of 5 Stars Pros & Cons Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.
Pros Check mark icon A check mark.It indicates a confirmation of your intended interaction.
Buy, sell, or store more than 170 cryptocurrencies like bitcoin and dogecoin Check mark icon A check mark.It indicates a confirmation of your intended interaction.
Educational investment resources, mobile access, digital storage, and customer support Check mark icon A check mark.It indicates a confirmation of your intended interaction.
Low account minimums Check mark icon A check mark.
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Can earn rewards for certain cryptocurrencies Check mark icon A check mark.It indicates a confirmation of your intended interaction.
Coinbase card lets you spend crypto or USD anywhere and earn crypto rewards; can deposit your paycheck into your account and convert from USD to crypto with no fees Cons Dash icon A dash.It often indicates an interaction to shrink a section.
No margin accounts Dash icon A dash.It often indicates an interaction to shrink a section.
Pay more for lower balances Dash icon A dash.It often indicates an interaction to shrink a section.
High trading and transaction fees Dash icon A dash.It often indicates an interaction to shrink a section.
Limited staking options Highlights Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.
More Information Promotion: Get $5 of bitcoin when you join Coinbase; earn up to $200 when you set up a new account and make your first purchase Features: Coinbase Earn rewards, Coinbase Pro advanced account, user-controlled storage, stablecoins, staking, and institutional trading tools.
App store rating: 4.7 iOS/ 4.1 Android; Coinbase Pro: 4.7 iOS/ 4.1 Android Awards: Named Best Prime Broker in Hedgeweek’s annual European Digital Assets Awards Additional Reading Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.
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Voyager and Coinbase’s account features and fees also vary.
Voyager Coinbase Account types
Personal/individual accounts
Account types
Personal investment and institutional accounts
Investment choices
Cryptocurrencies
Investment choices
Cryptocurrencies
Account perks
100+ cryptocurrencies
Interest rewards of up to 12%
Allows you to fund account with cash or crypto transfers
Crypto trading and human support for institutional clients
Account perks
170+ cryptocurrencies Staking rewards of up to 5.75% Coinbase learning rewards; Coinbase One subscription level waives trading fees and offers market research and 24/7 priority support Wallet services; NFT trading Two advanced accounts: Coinbase Pro and Coinbase Advanced Trade Coinbase Card for spending; institutional services Human advisors available?
No
Human advisors/experts available?
No
Robo-advice?
No
Robo-advice?
No
Is Voyager right for you? Pros Low minimum requirement; no trading fees Access to more than 100 cryptocurrencies Can earn up to 12% in interest rewards for certain cryptocurrencies Voyager allows you to fund your account with cash or crypto transfers
Cons Platform filed for bankruptcy in July 2022 No live phone support No coin-to-coin exchanges Not available to New York residents Voyager is a mobile crypto broker that was founded in 2017.It offers low-cost trading services for individuals and institutions in both the U.S.(excluding New York residents) and multiple US territories.And as for its investment selection, it provides more than 1o0 cryptocurrencies.
However, it’s important to note that Voyager isn’t a crypto exchange; it’s a mobile broker that uses a routing technology to connect its clients to exchanges that offer the cryptocurrencies they’re in search of.This means that Voyager ultimately decides where to execute your trades.
Individuals can trade dozens of cryptocurrencies without paying fees (although Voyager takes a “spread fee” when it executes an order at a better price than you submitted).Plus, the Voyager Interest Program allows you to earn up to 12% interest simply by holding a minimum monthly balance of certain crypto assets.
This is much higher than Coinbase’s rewards (it currently allows you to earn up to 5.75% in interest).
The rewards vary by month, but you can keep up with the minimum balance requirements and monthly rewards here .
And when it comes to institutional clients, Voyager offers three options: an execution platform, liquidity network, and custodial suite.The execution platform aims to offer institutional clients the best prices, while the liquidity network offers access to crypto exchanges, liquidity providers, and over-the-counter (OTC) desks.
The custodial suite provides storage and security services for crypto balances.
Voyager also introduced a debit card that allows you to earn 9% in crypto rewards, while spending USD Coin (USDC) on eligible items (USDC is a stablecoin that is backed by US dollars; this means that you can redeem $1 for each USD coin you own).
The Voyager mobile app is available on iOS and Android devices.
Read Personal Finance Insider’s complete review of Voyager here » Is Coinbase right for you? 170+ cryptocurrencies Low account minimum; Coinbase One subscription includes 0% fees, 24/7 customer support, and advanced market research Can earn up to 5.75% in interest for staking different assets Coinbase offers digital wallet storage, crypto-backed loans, educational resources, card perks, and mobile access; expert traders can use Coinbase Pro or Coinbase Advanced Trade
Cons No futures or margin trading You’ll pay more for lower balances Founded just three years after the creation of bitcoin in 2009, Coinbase is a global cryptocurrency exchange serving individual and institutional traders in more than 100 countries across the globe.The platform also supports more than 170 cryptocurrencies, including bitcoin , ethereum, litecoin, dogecoin , and others.
If you’re an individual trader, you’ll have a vast suite of products to choose from.Among these are staking rewards, crypto-backed loans that allow you to borrow cash while using bitcoin as collateral, Coinbase learning rewards (an educational program that pays you in crypto for learning about different virtual assets), Coinbase Card , Coinbase One, and digital wallet services.
With the Coinbase One subscription service, you get 0% trading fees, 24/7 priority customer support, and access to expert market research.You can sign up for a 30-day free trial, but you’ll incur a monthly fee after it ends.
We aren’t clear on what monthly fees Coinbase charges following the free trial.
Coinbase additionally offers three different account types for individuals: the Coinbase standard account, Coinbase Pro, and Coinbase Advanced Trade.
While those with the standard account can utilize all of the previously mentioned products, Coinbase Pro users can additionally take advantage of trading APIs and charting tools, and real-time market data and order books.Custodial accounts have also been established in a manner to make pass-through FDIC insurance available up to $250,000 per individual.
Coinbase Advanced Trade offers both the same fee schedule and many of the same features as Coinbase Pro.The biggest difference is that you not only get access to more security perks (e.g., Coinbase Vault and YubiKey for mobile) with Coinbase Advanced Trade, but you also can utilize additional trading charts and take advantage of interest rewards of up to 5% on multiple cryptocurrencies.
As for its institutional services, Coinbase offers a Coinbase Prime institutional trading platform, offline storage services for crypto assets, commerce services, ventures fundraising services for crypto startups, and much more.See more on its institutional offerings here .
Coinbase has also launched a beta version of its NFT marketplace.It currently offers 0% fees, and you can get started here .
Coinbase is available on iOS and Android mobile devices.
Read Personal Finance Insider’s complete review of Coinbase here » Voyager vs.
Coinbase — Frequently asked questions (FAQ) What are the cons of Coinbase? Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.
Coinbase doesn’t offer margin trading , and you’ll pay more for lower account balances.In addition, its staking selection is limited.
You can only stake six cryptocurrencies at this time: Algorand, cardano, cosmos, ethereum, solana, and tezos.
How do you make money on Coinbase? Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.
Crypto trading is one of the key ways to earn money through Coinbase, but you can also build wealth through staking, Coinbase learning rewards, NFTs, and the Coinbase card (this card offers up to 4% back in rewards when you use it for shopping).
What will happen to your crypto on Voyager? Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.
Voyager says its customers will receive a combination of the following: pro-rata share of crypto, pro-rata share of proceeds from the Three Arrows Capital recovery, pro-rata share of common shares in its newly reorganized company, and pro-rata share of existing Voyager tokens.Users will also have the option to determine the proportion of crypto and common equity they’ll receive, according to Voyager’s website .
Rickie Houston, CEPF Wealth-Building Reporter Rickie Houston is a wealth-building reporter for Business Insider, tasked with covering brokerage products, investment apps, online advisor services, cryptocurrency exchanges, and other wealth-building financial products.He is also a Certified Educator in Personal Finance (CEPF).Previously, Rickie worked as a personal finance writer at SmartAsset, focusing on retirement, investing, taxes, and banking topics.He’s contributed to stories published in the Boston Globe, and his work has also been featured in Yahoo News.He graduated from Boston University, where he contributed as a staff writer and sports editor for Boston University News Service.Learn more about how Personal Finance Insider chooses, rates, and covers financial products and services » Read more Read less Top Offers From Our Partners Check out: Personal Finance Insider’s review of Coinbase.
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