Introduction
Cryptocurrencies have become increasingly popular in recent years, and with that, the demand for exchanges to buy and sell them has also grown. Two of the most popular exchanges in the market today are Crypto.com and Voyager. While both offer similar services, there are some key differences that may make one more appealing than the other. In this article, we will compare Crypto.com and Voyager to help you decide which exchange is better suited for your needs.
Background Information
Crypto.com was first launched in 2016, with its headquarters in Hong Kong. It is a cryptocurrency exchange and digital wallet that enables users to buy, sell, and store cryptocurrencies. Voyager, on the other hand, was launched in 2018 in the United States. It is a commission-free cryptocurrency trading platform that also offers interest on crypto holdings.
Security
Security is a top priority for any cryptocurrency exchange, and both Crypto.com and Voyager take it seriously. Crypto.com has implemented several security measures such as two-factor authentication, cold storage, and insurance to protect user funds. Voyager, on the other hand, has partnered with a leading custody provider to ensure the safety of user assets.
Supported Cryptocurrencies
One of the most important factors to consider when choosing a cryptocurrency exchange is the number of cryptocurrencies supported. Crypto.com currently supports over 100 cryptocurrencies, including Bitcoin, Ethereum, and Litecoin. Voyager, on the other hand, supports over 60 cryptocurrencies, including Bitcoin, Ethereum, and Ripple.
Trading Fees
Another important factor to consider is the trading fees charged by the exchange. Crypto.com charges a trading fee of 0.4% for market takers and 0.2% for market makers. Voyager, on the other hand, offers commission-free trading, but makes money by charging a spread between the buy and sell price.
Mobile App
Both Crypto.com and Voyager offer mobile apps for iOS and Android devices. The Crypto.com app is known for its sleek design and user-friendly interface. It also offers features such as price alerts, recurring buys, and a virtual Visa card. The Voyager app, on the other hand, is known for its advanced charting tools and real-time market data.
Customer Support
Good customer support is essential for any exchange, and both Crypto.com and Voyager offer 24/7 support via email and live chat. Crypto.com also has a comprehensive help center that answers common questions and provides tutorials. Voyager has a dedicated support team that is available to assist users with any issues they may encounter.
Payment Methods
Crypto.com and Voyager both offer multiple payment methods to fund your account. Crypto.com accepts credit and debit cards, bank transfers, and even cryptocurrency deposits. Voyager, on the other hand, only accepts bank transfers and ACH payments.
Additional Features
Crypto.com and Voyager both offer additional features that may be of interest to users. Crypto.com offers a staking program that allows users to earn interest on their holdings, as well as a crypto-backed loan program. Voyager offers interest on crypto holdings and a referral program that rewards users for inviting friends to the platform.
Conclusion
In conclusion, both Crypto.com and Voyager are excellent cryptocurrency exchanges that offer a range of services to users. While Crypto.com may be better suited for those looking for a wider range of supported cryptocurrencies, Voyager’s commission-free trading and advanced charting tools may be more appealing to others. Ultimately, the choice between the two will depend on your personal preferences and needs.
