Best Cryptocurrency Exchange Fees

Which Crypto Platform Is Right for You?

Which Crypto Platform Is Right for You?
Written by publisher team

Voyager vs Coinbase: The Biggest Differences

Both Voyager and Coinbase offer a wide selection of cryptocurrencies, interest bonuses, and support for institutional clients. However, crypto platforms diverge in certain areas.

Voyager is best for advanced mobile crypto traders who want access to a simple user interface, low fees, and multiple account funding options. Although it does not offer as many features and products as Coinbase, it is arguably better for hoarding as it allows you to earn up to 12% interest (Coinbase only allows up to 5%).

On the other hand, Coinbase offers a wide range of products and services to individuals and businesses. 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 vs Coinbase in general

Voyager and Coinbase account features and fees also vary. Keep reading to see how the investment platforms compare.

Voyager vs Coinbase: Calculations and Fees

Pros and Cons of Voyager

Voyager is a mobile crypto broker that was founded in 2017. It provides low cost trading services to individuals and institutions both in the United States (excluding New Yorkers) and multiple US territories. And in terms of investment selection, it currently offers over 60 cryptocurrencies.

However, it is important to note that Voyager is not a crypto exchange; It is a mobile broker that uses routing technology to connect its clients with exchanges offering the cryptocurrencies they are looking for. This means that Voyager ultimately decides where to execute your trades.

Individuals can trade dozens of cryptocurrencies without paying a fee (although Voyager does take a “spread fee” when you execute an order at a better price than you offered). Additionally, the Voyager Interest allows you to earn up to 12% interest simply by maintaining a minimum monthly balance of certain crypto assets. This is much higher than Coinbase Rewards (it currently allows you to earn up to 5% interest).

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

Grid and guard wing. The execution platform aims to offer the best prices to institutional clients, while the liquidity network provides access to crypto exchanges, liquidity providers and over-the-counter (OTC) desks. The custodian group provides storage and security services for crypto balances.

The Voyager mobile app is available on iOS and Android devices.

Read the full Personal Finance Insider review of Voyager here »

Coinbase Pros and Cons

Founded just three years after Bitcoin was created in 2009, Coinbase is a global cryptocurrency exchange serving individual and institutional traders in more than 100 countries around the world. The platform also supports more than 80 cryptocurrencies, including bitcoin, ethereum, litecoin, and dogecoin, among others.

If you are a single trader, you will have a large selection of products to choose from. Among these rewards, crypto-backed loans that allow you to borrow cash while using bitcoin as collateral, Coinbase Earn (a tutorial that pays you in cryptocurrency to learn about different virtual assets), Coinbase Card, and digital wallet services.

In addition, Coinbase offers two different types of accounts for individuals: Coinbase Standard and Coinbase Pro. While those with a Standard account can use all of the previously mentioned products, Coinbase Pro users can also take advantage of trading APIs, charting tools, real-time market data, order books, and FDIC insurance protection for up to $250,000 on USD balances.

For its institutional services, Coinbase offers Coinbase Prime institutional trading platform, offline storage services for crypto assets, trading services, fundraising services for crypto startups, and much more. See more about its corporate offerings here.

Coinbase is available on iOS and Android mobile devices.

Read the full Personal Finance Insider review of Coinbase here »

About the author

publisher team