Coinbase vs Voyager: Cryptos, Fees, KYC Exchanges Difference

We continue comparing top cryptocurrency exchanges to identify the best ones. This time we will take a look at the Coinbase vs Voyager trading pair and explore the differences between these two popular crypto exchanges. The two exchanges are similar in many ways: you can trade both of them easily and both offer investment tools. But there're also a couple of differences. In the following we will take a look at each trading platform in more detail.

Advantages and disadvantages of Coinbase

About Coinbase exchange

Coinbase is a cryptocurrency specialty marketplace. They offer the largest centralized cryptocurrency exchange in the US, a wallet, and many other products too.

About Voyager Exchange

The Voyager Crypto App is a mobile app used by cryptocurrency holders to buy, sell and store cryptocurrencies of their choice. The crypto app is available for both iOS and Android users. Unfortunately, it is not available for desktop users, as the platform is only available in the mobile app version. 

Comparative analysis of Coinbase and Voyager exchanges

Available features

Both crypto-exchanges focus on cryptocurrency trading. 

Coinbase offers: 

Voyager offers:

Available countries

Coinbase and Voyager exchanges are available in more than 100 countries. These exchanges do not provide trading services in sanctioned countries. 

Payment methods

You can fund your Coinbase and Voyager account with a bank card, PayPal or cryptocurrency.

Card Support

All types of bank cards from supported countries are available on Coinbase and Voyager.

Available Cryptos and Tokens

Coinbase currently supports 533 trading pairs and 219 coins. 

Voyager supports 100+ coins.

Regulation

Coinbase is regulated in the United States and also seeks licenses in other states where this is possible. Coinbase is currently licensed to conduct money transfers in most U.S. jurisdictions.

Most of Coinbase's remittance licenses cover U.S. dollar wallets and transfers. In some states, money transfer licenses also cover cryptocurrency wallets and transfers within the platform. Other states do not require a digital money transfer license.

Coinbase is also registered as a money services business with FinCEN.

Because the Voyager team cares about transparency and trust in its users, the platform is fully regulated and a percentage of its finances are insured by the FDIC (Federal Deposit Insurance Committee). Today, crypto-assets in the cryptocurrency market have a total market capitalization of more than $2 trillion, indicating that the necessary rules need to be implemented for the proper handling of digital assets.

The Voyager application is maintained by Voyager, a public and licensed corporation. In addition, reserves are regularly reviewed to ensure that all crypto-assets held by the platform are properly accounted for.

Interface

The interface of the exchanges is quite convenient and clear. Any user can immediately understand all the functions. Do not worry, if you do not understand something, you can always see the training and tips.

Verification (KYC)

Both exchanges require verification, which includes: Indication of citizenship/residential address, providing proof of identity, providing passport and/or face validation selfies in "live" mode, providing contact information.

Account deposit

Exchanges offer the following options for funding the account:

Comparison of Trading Fees

Coinbase:

Voyage:

Account security

On Coinbase the level of protection is as follows: Password, Confirmation by SMS, 2FA, Hardware keys. It is possible to configure at what amount of money is sent the exchange will ask for two-factor authentication.

The Voyager app currently holds U.S. dollars at Metropolitan Commercial Bank. The crypto platform claims to have deposits of more than $250,000 XNUMX dollars insured by an FDIC bank. These claims assure users of the Voyager app that the platform is safe and their funds are well protected.

Passive earn on exchanges

Coinbase has Ethereum 2.0, Tezos, Cosmos, Solana, Algorand, Cardano cryptocurrency stacking feature with yields up to 6% p.a. (varies).

Limited cryptocurrency exchange platforms and hot wallet providers allow users to earn interest on their deposits. Voyager, on the other hand, is known for providing its account holders with these rewards programs.

The interest rewards vary greatly depending on the coin investors own or trade. For example, the Polkadot coin generates more interest than major coins such as bitcoin and the native Voyager token.

Which to choose - Coinbase or Voyager

We think Voyager has the better commission structure, but Coinbase offers more in the way of different investing opportunities. They've been around for a while and both have high trading volumes.

Disclaimer:

NFTs trading entails a high level of risk and is not suited for all investors. You should carefully evaluate your investment objectives, degree of experience, and risk appetite before deciding to trade cryptocurrencies. You should not invest money that you cannot afford to lose because there is a chance that you will lose some or all of your initial investment.

You should be aware of all the dangers connected with cryptocurrency trading and seek counsel from a financial expert who is not affiliated with any cryptocurrency exchange. This website's opinions, news, research, analysis, pricing, and other information are offered as general market commentary and do not represent investment advice.

FAQs

Is Coinbase free to use?

Coinbase allows you to store your cash and supported cryptocurrency at no cost.

Is my money safe with Coinbase?

Yes, of course. Coinbase is a fully legal exchange which has passed many audits.

Is Coinbase better than Voyager?

Coinbase is a digital currency exchange and online wallet service that lets users buy and sell digital currencies.

Voyager is an online marketplace for buying and selling cryptocurrencies.

Both Coinbase and Voyager are great in their own way. But if you are looking to invest in cryptocurrencies, then Coinbase is the better option because it has a more user-friendly interface than Voyager.

Conclusion

Coinbase and Voyager are safe, secure and reliable exchanges that you should consider when deciding on where to buy crypto. Before exchanging a fiat currency for cryptocurrency, make sure that there are good reviews about the exchanger. Different exchanges have different features so it's always best to find out more about them before making a purchase. Trading platforms, like Coinbase and Voyager, have grown at a similarly high rate with the cryptocurrency market and have themselves been linked to growth.