With the number of crypto platforms out there now, it can be confusing to choose between them. While they all fundamentally perform the same function of allowing users to buy and sell cryptocurrencies, there are some differences in their offerings. In this article, we’ll be comparing Voyager and Coinbase to help you decide which to use.
The short summary is most people would be better off using Voyager over Coinbase. Voyager is beginner friendly, easy to use on mobile, and has no trading fees. They also also provide higher interest rates on coins you lend. That said, keep in mind Voyager is currently only available in the US.
If you’re an advanced trader who wants institutional-type features like custody or large volume trades, Coinbase (specifically Coinbase Pro) or another platform like Binance would be the better platform.
|Platforms||Mobile only (iOS, Android)||Mobile, Desktop|
|Commission and Fees||$0 commissions||0.5% – 4.5% fees|
|Geographies Supported||US only||Globally|
Voyager vs Coinbase Fees – Which Are Lower?
When it comes to trading fees, Voyager wins over Coinbase. Voyager is 100% commission free, while Coinbase is notorious for having a host of fees.
Voyager makes money by taking a small spread when they beat your quoted price. Say you submit an order to buy a coin for a quoted price of $50. Behind the scenes, the app finds and executes the order at a price of $49.90. On your end, you see your order finalizes at $49.95, a $0.05 improvement to your initial buy price. Voyager pockets the difference to earn their fee.
When it comes to Coinbase fees, they can charge both flat fees and variable fees.
|$10 or less||$0.99|
|More than $10, up to $25||$1.49|
|More than $25, up to $50||$1.99|
|More than $50, up to $200||$2.99|
|US Bank Account||1.49%|
|Coinbase USD Wallet||1.49%|
|Instant Card Withdrawal||Up to 1.5% of transaction + $0.55 min fee|
As you can see, Coinbase’s fees can add up. On large orders, a 1.5% variable fee can literally cost hundreds or thousands of dollars. If you intend to trade meaningful size on Coinbase, you should definitely sign up for Coinbase Pro to minimize fees.
Voyager vs Coinbase Safety
Both Voyager and Coinbase are safe, and we feel comfortable holding substantial amounts on both platforms.
Both companies are publicly traded, fully licensed, and regulated. That means everything they do is audited and accounted for, ensuring customer funds are safe.
Voyager and Coinbase both have advanced fraud protection systems in place to prevent hacks. Coinbase has said in the past they keep only 2% of customer funds in hot wallets, with the rest in cold storage. In addition, the two companies are FDIC insured, but only for your cash. Keep that in mind, only your cash is insured, not your cryptocurrencies as it’s not considered legal tender yet.
Yes, “not your keys not your coins” so we always recommend keeping your long-term hold crypto on a hardware wallet like a Ledger or Trezor. But for those that are trading or earning interest on coins, you can’t go wrong with either Voyager or Coinbase.
If you had to choose which is safer, Coinbase would get the vote, but only because it’s been around longer and is essentially the blue-chip crypto company.
Voyager vs Coinbase Signup Bonuses
Coinbase allows you to refer friends to earn $10 when they buy or sell $100 worth of crypto. They also have Coinbase Earn, where you can simply watch videos and answer simple questions to earn $100+ worth of free crypto.
Voyager offers a $25 bonus just for signing up and trading $100 or more of crypto through the app. Simply enter in the promo code GAR249A14 during signup or signup here to qualify. You can’t add the promo code after you’ve already signed up, so make sure you include it beforehand.
Both bonuses are easy to obtain so it’s worth signing up for both platforms.
Voyager vs Coinbase Lending – Which Has Better Interest Rates
Many platforms now allow you to lend your coins to earn interest on them. Voyager currently supports over 30 coins, including USDC which provides a 9% APY interest rate. If you hold 2,500 VGX which is Voyager’s native crypto token, you can earn an additional 1% boost on USDC, BTC, and ETH.
Coinbase has been slow to the lending game but now recently allows eligible customers to earn interest on their USDC at a 4% interest rate.
So when it comes to lending out your coins, Voyager definitely beats Coinbase for their higher interest rates and number of coins supported.
Summary – Voyager vs Coinbase
To wrap up, the majority of retail investors interested in buying, trading, or earning interest on crypto would be better off using Voyager over Coinbase. While Coinbase was first to market and served as an excellent steward to advance crypto forward, it has not kept up with newer entrants like Voyager that charge much lower fees.
Coinbase has also historically been slow to list new coins, preferring to err on the side of caution. They’ve stated they will be listing many more coins going forward, so they may get with the times and offer commission-free trading in the future. But until then, we’d recommend you give Voyager a try over Coinbase.