Which encryption platform is right for you?

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Bottom Line: Voyager and Coinbase both offer access to dozens of cryptocurrencies, with wagering rewards and support for both individuals and institutions. But Voyager is a better choice for mobile-focused traders who want the lowest costs, while Coinbase is best suited for newbies and those looking for a greater selection of account features and crypto services.

Voyager vs Coinbase: the biggest differences

Voyager and Coinbase both offer a wide selection of cryptocurrencies, interest rewards, and support for institutional clients. However, crypto platforms diverge in some areas.

Voyager is ideal for mobile cryptocurrency 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 because 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 loans backed by cryptocurrencies, wallet services, crypto educational resources and rewards, card services, and more. This exchange is a better option for beginners.

Voyager vs Coinbase overall

Voyager and Coinbase account features and fees also vary. Keep reading to see how the investment platforms stack up against each other.

Voyager vs Coinbase: Accounts and FeesTravel Pros and ConsProsLow minimum required; no trading fees Access to over 60 cryptocurrencies Can earn up to 12% in interest for certain cryptocurrencies Travel allows you to fund your account with money or crypto transfers

Cons No live phone support No part-to-part exchanges Not available to New York residents

Voyager is a mobile crypto broker founded in 2017. It provides low cost trading services to individuals and institutions in the United States (excluding New York residents) and several US territories. And as for its selection of investments, it currently offers more than 60 cryptocurrencies.

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

Individuals can trade dozens of cryptocurrencies without paying a fee (although Voyager charges a “spread fee” when it executes an order for a better price than the one you submitted). Additionally, 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% interest).

Rewards vary by month, but you can track minimum balance requirements and monthly rewards here.

And when it comes to institutional clients, Voyager offers three options: an execution platform, a liquidity network, and a custody suite. The execution platform aims to offer institutional clients the best prices, while the liquidity network provides access to crypto exchanges, liquidity providers and over-the-counter (OTC) teller machines. The custody suite provides storage and security services for crypto balances.

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

Read the full Voyager review by Personal Finance Insider here Pros and Cons of CoinbasePros80 + cryptocurrencies Low account minimumCan earn up to 5% interest for staking different assetsCoinbase offers digital wallet storage, guaranteed loans by crypto, educational resources, card benefits and mobile access

Cons No futures or margin trading You will 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 over 100 countries around the world. The platform also supports over 80 cryptocurrencies including bitcoin, ethereum, litecoin, dogecoin, and others.

If you are an individual trader, there is a wide variety of products to choose from. These include staking rewards, crypto-backed loans that allow you to borrow money while using bitcoins as collateral, Coinbase Earn (an educational program that pays you in crypto to learn more on different virtual assets), Coinbase Card and digital wallet services.

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

When it comes to its institutional services, Coinbase offers a Coinbase Prime institutional trading platform, offline storage services for crypto assets, trading services, fundraising services for crypto startups, and much more. . Learn more about its institutional offerings here.

Coinbase is available on iOS and Android mobile devices.

Read the full Coinbase review by Personal Finance Insider here

Rickie Houston, CEPF

Wealth Creation Reporter

Rickie Houston is a Wealth Building Journalist for Business Insider, responsible for covering brokerage products, investment applications, online advisory services, cryptocurrency exchanges, and other wealth building financial products. . He is also a Certified Personal Finance Educator (CEPF). Previously, Rickie worked as a personal finance writer at SmartAsset, focusing on topics related to retirement, investing, taxes and banking. He has contributed to articles 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 writer and sports editor for the Boston University News Service. Learn more about how Personal Finance Insider chooses, rates and covers financial products and services Learn more Learn less

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