Interested in trading cryptocurrency? Well 2021 is looking like a great year for learning because the volatility of these coins is insane! When buying and selling crypto, it is important to minimize trading fees so you can maximize profit. That is why I’m glad that I found the app Voyager. I used Coinbase for a long time and didn’t realize how much money I was throwing away. They were making money off every trade that I made. Forget Coinbase, let me tell you about the newest heavy hitter on crypto street.

Voyager vs Coinbase

Reason 1: Voyager has no commission fees.

Voyager offers commission-free trading, while Coinbase charges anywhere from 1.49% to 3.99% per transaction.

While both platforms allow recurring investments, commission-free trading makes it a much more practical option because you’re not constantly having to pay high fees. This opens the door for a dollar-cost averaging investment strategy, which can help mitigate the risks and ensure the long-term profitability of investing in this volatile asset class.

Commission-free trading is also a huge benefit to anyone who wants to invest in small amounts or make a large number of investments, such as beginner investors or day traders.

Reason 2: Voyager pays you interest on the coins you own.

Voyagers allows users to hold cryptocurrencies in their exchange wallet and earn passive income from the funds through interest. Voyager is one of the first cryptocurrency trading platforms to offer a benefit like this.

Each month, interest is paid to investors who maintain a minimum balance in their account.

The minimum monthly balance for Bitcoin is currently 0.01 BTC (~$100 USD) and the annualized interest rate is 3.5%.

They’re currently offering a 6% annualized interest rate on USD Coin (USDC), a stablecoin that is always worth exactly $1 USD. Using Voyager to invest in this coin could be a viable alternative to a more traditional money market account or CD because your money would steadily grow at a high-interest rate with minimal risk.

Reason 3: Voyager has a user-friendly sign-up process.

Due to regulations in the U.S. and other countries, both platforms require you to go through a KYC (Know Your Customer) verification when signing up that asks for a picture of your face and ID.

With Voyager, accounts are usually approved within 10 minutes of submitting the KYC-documents.

Coinbase on the other hand has an automated system that theoretically should be faster, but over the years it has gained an infamous reputation for being glitchy and unreliable, leaving many eager investors waiting days for their accounts to be manually approved.

Voyager also allows investors to deposit funds into their account with a bank transfer and start investing immediately (even before the transfer has fully processed). So you can literally go from downloading the app to making your first purchase in 15 minutes. This is of huge benefit as many crypto investors want to deposit their funds quickly as the market moves fast and credit card deposits are expensive as credit card payment providers for crypto exchanges charges hefty credit card fees of up to 10%.

Reason 4: Voyager supports more coins.

The supported coins of the exchanges are one of the most important factors one should consider before choosing one’s preferred crypto exchange. It is not unheard of with traders that have 10+ exchange accounts as the cryptos are listed in different exchanges.

Reason 5: Voyager offers a higher referral bonus.

Referral bonuses are a great way to earn some extra crypto for free. As the competition between exchanges is fierce, many exchanges offer exclusive referral bonuses to onboard new customers on their platforms.

Voyager offers a bonus of $25 in free Bitcoin to both you and your friend when they sign up using your link and purchase crypto for $100.