If you are planning to get started with crypto trading or are an experienced trader looking for a more feature-rich trading platform, FTX and Voyager are two great options.
The two platforms differ in several aspects, so choosing between them should be easier once you understand what they offer.
FTX is a more all-around crypto exchange that offers various products and has one of the best liquidities out there, thanks to the high daily trading volume. Voyager has fewer products and is more focused on mobile app trading.
This guide compares the two exchanges in more detail to help potential users make an informed choice.
FTX vs Voyager: Product Offerings
The product offering you get on a crypto exchange is vital when deciding which platform to use. Here FTX will outperform Voyager as it has a more comprehensive product catalogue.
FTX has both a spot trading and crypto derivatives market, and it will also allow traders to trade with a margin using a maximum leverage of 20x.
Traders on the platform get access to more than 300 digital assets, including popular and new tokens with good potential. They can form hundreds of trading pairs, so there is always a way to make money no matter how the market moves.
FTX offers more than 250 perpetual and quarterly futures contracts for their crypto derivatives market. Additionally, they also have leveraged tokens and volatility products like MOVE contracts.
Voyager is crypto investing mobile app that will connect traders to dozens of exchanges. The app only supports spot trading, so it will not be a good option for traders that want to get into the crypto derivatives market.
The exchange supports more than 90 digital assets to allow traders to form dozens of trading pairs. Additionally, traders can also invest their idle assets by depositing them on the platform to earn an interest of up to 12% APY.
FTX vs Voyager: Trading Fees
Fees are inevitable in most crypto exchanges, whether you buy or sell crypto. Also, you often have to pay some transaction fees for both the spot and derivative market.
Some exchanges will also charge settlement and overnight fees. Luckily, FTX and Voyage are some of the best customer-friendly platforms for trading fees.
FTX uses the maker-taker fee schedule for both their spot and derivatives markets. Also, the exchange categorizes traders into 6 tiers based on their 30-day trading volume.
Traders with zero trading volume will pay the highest fees on the platform as the exchange charges them 0.02% maker fee and 0.07% taker fee.
FTX will not charge you any maker fee once your monthly trading volume gets to over $25 million, and your taker fee will also keep reducing as you trade more.
Voyager is one of the cheapest platforms for digital assets trading as the app will not charge you any trading fees. The company will make their money from executing orders at good prices, and so they will only earn a small spread fee.
FTX vs Voyager: Deposit & Withdrawal Fees
You have to add funds to your FTX and Voyager accounts before starting trading. It is essential to know how much it will cost and the deposit/withdrawal methods you can use. Additionally, also make sure you understand the withdrawal fees if any.
FTX maintains a no-fee policy for deposits and withdrawals. However, some exceptions are when withdrawing ERC-20 tokens, ETH, and small BTC amounts. In such cases, you have to pay the blockchain fees, which keep changing, but you can avoid the cost if you have FTT staked.
FTX allows you to deposit and withdraw fiat, which can attract some fees. However, the charges often originate from third parties that support the transactions, such as banks and credit/debit cards.
Fiat withdrawals over $5,000 are free, and any charges for withdrawing less than this depend on the specific fiat currency. For example, USD withdrawals will cost $25.
Voyager is a commission-free platform that will not charge you anything to fund your account. They accept both crypto and fiat deposits and withdrawals. Also, you will still need to pay the network fee when withdrawing funds from your Voyager wallet.
Fiat deposits are only available for USD, and traders will have to connect their account to a bank account. The daily deposit limit is $10,000 for new accounts. Also, traders can make crypto buying automatic by setting up recurring by for specific coins.
FTX vs Voyager: Trading Platform Comparison
The trading platform you get on your crypto exchange will determine how easy it will be to read the market and come up with winning trading strategies.
FTX provides a highly intuitive and user-friendly trading interface that will give all traders, including beginners, an easy time. The interface is customizable as traders can drag around panels, including the order books, to create a custom layout.
FTX also uses TradingView, which gives access to all the basic and advanced indicators and several chart types. Moreover, traders get multiple order types, including all the basic ones like limit and market orders.
Voyager’s mobile app is also relatively intuitive and straightforward to use compared to what others out there provide. Although it has most of the professional tools that many experienced traders want, it still has a clean and straightforward interface to accommodate beginners.
The ordering system is also hassle-free as you only need to choose the coin you want to trade, order type and amount. The platform will fill out the form for you using the Smart Order Routing system. The order types available include limit and market orders.
Voyager also offers advanced charting features, and order execution is lightning-fast.
FTX vs Voyager: Account Opening Process
A good crypto exchange platform should not complicate the account opening process. You should spend more time coming up with good strategies and trading and not figuring out how to set up your account.
FTX is a KYC mandatory platform, meaning you can only explore the platform before verifying your identity. Once you do verification, you can deposit trade and withdraw from the platform.
However, the limits still depend on your verification level. Traders with tier 1 verification have a $2,000 withdrawal limit, while those with tier 2 have unlimited crypto and fiat deposits/withdrawals.
How to open an FTX account
- Go to ftx.com and click ‘Register’
- Add an email and password
- Agree to terms of service
- Click “Create Account'”
- Verify your email
- Go to your profile and do KYC verification to start trading
Voyager enforces mandatory KYC verification, so you must provide proof of ID and address and wait for verification before using the platform. Depending on the team’s workload, this can take just a few hours or sometimes a few days.
How to open a voyager account
- Download the app from Google Play or App Store
- Create your account by entering your basic info like email, full name, phone number, address, and date of birth
- Wait for the verification
- Fund your account and start trading
FTX vs Voyager: Customer Support
Both FTX and Voyager provide multiple avenues for traders to get help when having difficulties with their accounts.
FTX uses support ticketing as the main channel for assisting traders, and they always respond to emails within a few hours. Although the exchange does not have live customer support, it allows traders to get assistance through social media platforms.
They have some active Telegram communities that can be helpful, and you can also get them on Twitter.
Voyager also does not have a live chat, but you can still get assistance by emailing them. Additionally, you can also do a quick google search for their customer support phone number.
Moreover, the platform has a lot of valuable materials on its support page that can help answer most of your queries.
FTX vs Voyager: Security Features
When choosing a crypto exchange, security should be a top concern to prevent asset loss. Both FTX and Voyager take security seriously and use multiple protocols to secure user accounts and assets.
FTX allows traders to set up 2FA for their accounts and supports other security measures like advanced encryption and IP whitelisting. Moreover, they store most of the assets in offline cold storage and enforce mandatory KYC.
Voyager requires all traders to prove their identity before using their platform. Also, the company is licensed and regulated. Additionally, the exchange has advanced fraud protection and is FDIC-insured.
FTX and Voyager are two top-tier exchanges that will cater to a wide variety of traders. However, each has an element that sets it apart from the other.
FTX is a spot and crypto derivatives exchange perfect for experienced trades looking to diversify their investment by opening positions in several markets.
Voyager focuses more on spot trading, and it will also be a good option for traders that prefer to trade on the go, thanks to its user-friendly mobile app with all the trade functionalities.
- 1 FTX vs Voyager: Product Offerings
- 1.1 FTX
- 1.2 Voyager
- 1.3 FTX vs Voyager: Trading Fees
- 1.4 FTX vs Voyager: Deposit & Withdrawal Fees
- 1.5 FTX
- 1.6 Voyager
- 1.7 FTX vs Voyager: Trading Platform Comparison
- 1.8 FTX
- 1.9 Voyager
- 1.10 FTX vs Voyager: Account Opening Process
- 1.11 FTX
- 1.12 Voyager
- 1.13 FTX vs Voyager: Customer Support
- 1.14 FTX vs Voyager: Security Features