Voyager vs Coinbase - Which is Better for You?
Both Voyager and Coinbase are incredibly easy to use and are the best fiat on-ramps available, however due one really shines with its much lower fees and alt-coin options.
Personally we use both Coinbase AND Voyager, however this is because occasionally we do very large buys/sells and use wire transfers — this isn’t what the average person would do. Because of this we’d generally say Voyager is the better choice for most people.
The reason we believe Voyager is better for most people is because they have WAY lower commissions/trading-fees than coinbase, and a better variety of alt-coins to trade if they interest you. They also provide passive income via interest on your crypto holdings by staking the POS coins you hold within your Voyager account. They also offer a $25 sign-up bonus.
Which has less fees - Voyager or Coinbase?
While this may seem relatively straight-forward as Voyager has 0 commissions, this is largely marketing — when you buy or sell on Voyager’s app they price the coins up or down by about 0.3%, so you get wrecked a bit on the spread — but otherwise there’s no commissions.
Meanwhile Coinbase charges between 3% to 5%+ and that doesn’t even include the potential spread/fulfillment issues, which is just horrible. The only way around this is to wire-transfer in your money or wait 1-2weeks for the funds to settle then buy usdc, then transfer it to another exchange, and all that effort will save you only 0.1% in commission, or about $1 on $1000. That’s just not worth it for most people.
So Voyager is far better in terms of fees at least for now — maybe one day Coinbase will lower its fees, but that day has yet to come.
Which Has The Best Signup Bonus Offers - Voyager or Coinbase?
This is a harder category to pick a winner in, as Coinbase technically has a higher potential bonus, but in practice usually Voyager has a higher bonus.
This is because Coinbase offers $150+ in bonuses, the first $10 just for buying some cryptocurrency, but the rest is restricted based on a waiting list which often seems to take literally forever for it to be your turn. I know folks that have been waiting for over a year for their turn, so ultimately Coinbase’s bonus is more around $10 with maybe more later-on.
Meanwhile Voyager offers only a $25 bonus, but it’s very easy and straight-forward to get, all you have to do is sign up for an account and enter in the promo code “ZACYAJ” when signing up and buy $100 or more of crypto through the app and you’ll get $25 in bitcoin right-away deposited into your account.
Overall it doesn’t make sense nabbing just one sign-up bonus, but hey if you aren’t interested in giving out your info to extra exchanges you don’t plan on using don’t collect them both, it’s all up to you of course!
Which is more Trustworthy - Voyager or Coinbase?
This really depends on who you are and your outlook on the world — if you don’t mind the US government having all your data even if you aren’t a US citizen, or simply are a US citizen, then Coinbase is probably a bit safer so long as you aren’t afraid of government seizures. We say this as Coinbase has shown itself to be VERY buddy-buddy with the US government and would definitely cooperate with government requests of any sort.
Coinbase’s security in other terms is top-notch though, and we don’t believe coinbase realistically will ever experience a serious hack that effects user-funds.
This isn’t to say Voyager is safer — it’s less time-tested and there’s no telling how friendly Voyager is to governments — we’re sure they’re compliant, however in the event of government-seizure we believe Voyager would be the safer bet. However in general security against hacks and general loss of funds Voyager doesn’t really have any advantage over Coinbase.
Honestly we’d say this category doesn’t matter — they’re both secure and we keep 1000’s of USD in Crypto in both our Coinbase and Voyager Accounts. If you’re worried about government seizure we’d say to withdraw from a centralized exchange after purchasing — don’t try to pick the safer of two potentially cooperative entities.
What Advantages does Coinbase have over Voyager?
The main advantage I’d say is if you’re dealing with large volume transactions and are willing to send a wire transfer you can get your funds quicker and send them off to buy rare altcoins/shitcoins that aren’t on either of these exchanges, as well as they have the function to lock your coins in a “vault” which would protect you from yourself or potential hacks that are caused by having a weak password or something like that.
Beyond this there aren’t any other big advantages to coinbase, other than their potential higher sign-up bonus offers which you can read more about here.
What Advantages does Voyager have over Coinbase?
Voyager has way lower fees than Coinbase, offers interest on your Cryptocurrency holdings (albeit not much, Celsius offers much better interest on Crypto) while Coinbase doesn’t offer this for all but Tezos and a couple others, and the sign-up bonus is better/easier to get than Coinbase’s Sign-up bonus.
Really the only downside to Voyager is the lack of a Wire-transfer option, and as a result they do not allow you to buy cryptocurrency and withdraw it the same day you send the money to them — instead with Voyager they must wait for the ACH (bank) transfer to clear. But unless you were willing to pay the $25+ fee for wire-transfers this isn’t relevant to you, as Coinbase has the same policy for ACH transfers.
Of course if you think Voyager is right for you then go to this page and check out Voyager’s current promotions — including their $25 sign-up bonus before signing up.
What About Voyager vs Coinbase Stock?
While this article is really intended to help Crypto Investors find the best brokerage for their purposes, many people have asked us about Coinbase and Voyager’s stock — as they both are publicly traded companies.
Ultimately as crypto investors we prefer to own ‘physical’ (digital) crypto rather than stock in these companies, however both of these stocks can be used as a crypto-proxy in regular retirement accounts and stock accounts if you don’t want to trade actual cryptocurrency for whatever reason. There’s plenty of articles on SeekingAlpha and the like that go over the current valuations of these stocks, so we won’t cover that — they’re both volatile and valuation changes all the time.
Instead we’ll simply say Voyager is the more innovative company, and has far better user-retention and marketing, and we’d personally much rather own Voyager’s stock than Coinbase’s stock given the choice, as while Voyager isn’t the brand name, they’re growing in popularity, way more competitive for users/clients, and are growing way quicker than Coinbase and likely will continue to unless Coinbase seriously revamps their platform, which sadly doesn’t look likely.
Both are likely good investments, however in our opinion Voyager has a better risk-reward outlook — as they lack the downside risk that Coinbase has in regards to retail traders leaving the platform, which in our experience is the case for Coinbase as a retail trader matures and looks for lower-fee exchanges and exchanges that offer yield on deposits. All the upside of Coinbase in our opinion, with less headwinds and downside risks, making it our choice between the two stocks.