FTX and Voyager are one of the most used crypto trading exchanges now. But when you want to choose the best among them, it gets confusing and challenging, isn’t it?
But don’t worry; I am here to solve your problem and help you choose the best platform that would fit your trading needs and lead you towards profitability.
Now, let’s start with some background of what these platforms are known for and how they began.
FTX vs Voyager: Introduction
FTX is one of the best and most famous crypto exchanges founded in 2019 based in Antigua and Barbuda. It offers a wide range of crypto assets and products for beginners and experienced traders.
FTX offers innovative products, including industry derivatives, options, volatility products and leveraged tokens. They have a robust trading interface with insurance for their users as well.
Voyager Digital LTD was founded in 2018 and is based in the United States. Voyager is actually a mobile-based crypto trading application that offers crypto savings account with trading functionality as well.
The platform is FDIC insured and offers to earn up to 12% annual rewards on 39 digital assets with no lockups. It is an easy and straightforward crypto application that allows trading anytime and anywhere.
Let’s now discuss what crypto-assets these fantastic platforms support.
FTX vs Voyager: Supported Cryptocurrencies
Regarding supported cryptocurrencies, both FTX and Voyager have a long list of currencies.
On FTX, there are currently more than 260 crypto assets, including all the major ones like Bitcoin, Ethereum, Dogecoin, Solana, Ripple etc.
Voyager currently supports over 100 cryptocurrencies, including DOT, KAVA, KSM, USDC, KSM, LUNA, VGX, ADA, ETH, BTC and many more.
Verdict: It can be clearly seen that FTX supports more than the crypto offering on Voyager, and therefore, FTX is the winner in this segment.
FTX vs Voyager: Product Offerings
Both FTX and Voyager offer a varied collection of products for distinct trading goals. Let’s start with FTX.
- Spot Trading
- Futures Trading
- Leveraged Tokens
- Options Trading
- MOVE Contracts
- Prediction Markets
- Spot Trading
- Debit Card
Verdict: FTX is a clear winner in this segment, too, as they offer far more trade-focusing products for various trading strategies.
FTX vs Voyager: Order Types
When it comes to Order types, I can say that both platforms offer a bunch of them. Let’s start with FTX.
- Stop-Loss: Stop-loss buy orders are sent when the market price exceeds their trigger price, and Stop-loss sell orders are sent when the market price drops below the trigger price.
- Take Profit: Take profit buy orders are the opposite; buy orders are sent when the market price drops below their trigger price, and sell orders are sent when the market price exceeds their trigger price.
- Trailing Stop: They are similar to stop-losses, but their trigger prices change as the market moves.
- Retry Until Filled: When the account does not have enough margin or price bands during sharp market moves, it prevents market orders from matching against other orders, and the order fails. In these cases, retry until filled is chosen, as it may be preferable to retry sending the triggered order until their overall triggered order size is filled.
- Post Only: When you send a post-only order, your order will not be allowed to take. So if it would provide, it will be sent as a normal limit order, but if it would cross the book, it will be cancelled instead.
- IOC: Immediate or cancel. Orders are the opposite of post only: they can only take. It will be cancelled if you send an IOC that would not immediately trade.
- Reduce Only: If you send a reduce-only order, it will only trade if it would decrease your position size.
- Market: A market order is sent as far through the book as possible. That means if you send a market order to buy 2 BTC-PERP, it will fill you at whatever the lowest offer is for 2 BTC-PERP on the order book, independent of the price.
- Limit: In general, a limit order is an order sent that will/ buy/ sell up to a specific price. For instance, if you send a limit buy order with a limit price of BTC with a limit price of $10,100, that means you are willing to pay up to $10,100 for BTC.
Your order will trade against any resting offers below $10,100; if it is not fully filled, it will leave out a bid of $10,100 for the remaining size.
- Limit Order: Voyager allows you to set a limit order for all its available assets, including BTC, ETH, DOGE and VGX (Voyager Token)
Verdict: In this segment as well, FTX has far more varied options that fit various trading needs.
FTX vs Voyager: Fees Comparison
When it comes to the fee structure, both platforms have pretty distinct ones of them. Let’s discuss them one by one now:
There are two types of fees on FTX no deposit or withdrawal fees. There is also a limit of USD 1,000 set for withdrawals of non-KYC users.
- Trading Fees
The trading fees on FTX follow a maker/taker fee model, and the fee applies similar values for both spot and futures trading. Refer to the table below for a detailed overview.
- Funding rates
Traders pay these rates based on the difference between the perpetual contract market price and the spot price.
FTX also charges a network and mining fee on all the transactions charged by the blockchain network.
On the other hand, Voyager is a commission-free platform and earns when its users get a better deal and charge a fee only they profit. Voyager also charges a fee on withdrawals during crypto trades; the fee varies from coin to coin.
Voyager also charges a network fee and a wire transfer fee. There is no ACH transfer fee for cash. There is a minimum limit for a wire transfer of $10,000, for which they charge a $50 fee.
Verdict: FTX offers a very competitive fee structure compared to many other exchanges of its class. It is pretty affordable in all its products trading and is undoubtedly the winner in this segment as well.
FTX vs Voyager: Account Funding Methods
Let’s now discuss what account funding methods these platforms support.
FTX doesn’t support fiat transfers. Instead, you can deposit BTC, ETH, USDC, Litecoin and many more and in case you don’t have crypto in your FTX wallet, you can first convert your fiat into crypto and then place an order.
On the other hand, Voyager does allow fiat currencies. You can use USD to fund your account. However, the account deposit limit is set at $10,000 for new users. They also allow crypto transfer with a wide range of cryptos.
FTX vs Voyager: Trading Platform Comparison
I am sure you would have heard a lot about their unique trading platforms and the features they are equipped with; let’s discuss them.
FTX has both a web portal and mobile platform, both available for all your devices.
It comes with a best-in-class robust, and powerful trading interface. It offers a trading view kit feature that provides an insightful derivatives trading experience.
FTX supports all chart types and comes with analysis tools that help in technical and fundamental market analysis.
Voyager, on the other hand, only offers a mobile application that is fully functional on both Android and iOS. There are all the features available on the platform that traders would need to execute their trades seamlessly.
There are both horizontal and vertical chart views available on the mobile platform to make a controlled trade. The application is free to download and very simple to use.
Verdict: FTX has a very intuitive and easy-to-use platform with all the trading tools as well as a seamlessly functional yet robust user interface.
FTX vs Voyager: Account Types
FTX follows a tiered structure for its account types based on the KYC levels your account is verified by. There are 3 tiers; Tier 1 requires just registration with essential trading accessibility, whereas Tier 3 requires full-fledged KYC with unlimited trading.
On the other hand, you start with registering yourself on Voyager using your email ID and setting a secure password.
Once you do that, you need to be processed through the KYC and AML procedures, and you are ready to trade without any limits.
FTX vs Voyager: How to get started?
You must first register on the platform using your email and choosing a secure password. Then you need to activate your account using two-factor authentication using Google authenticator to fund your wallet.
To place an order, you must first choose whether you want to go short or long and select the order type.
Now, enter the amount of BTC and click on the buy or sell button. To exit the trade, you can either go by the manual method or place a stop loss/take profit order.
To start trading, download the Voyager app from the App Store or Google Play Store. Once the app is downloaded, open it and tap ‘Sign Up’. After registering, use your email ID and set a secure password.
The app will then lead you to the KYC and AML processing; after that, you’ll receive a notification on the app of successfully opening the account. Now you can go with funding your account and start trading.
FTX vs Voyager: Customer Support
FTX has a supportive and helpful customer service team and is highly reputed by its users. They provide ticketed service and are readily available 24×7 on various social media platforms like Telegram and WeChat with a quick response time.
On Voyager, the customer service is quite reputable as well. You can contact them via their email and associate with them on your registered email ID.
You can also raise a complaint if you have any queries, and they will reach back to you in a short period. You can do that just by clicking on the ‘Help’ icon to register an issue.
They also have a comprehensive FAQ with all the most common issues and queries faced by their users, but you need to have a genuine voyager account to raise a query.
FTX vs Voyager: Security Features
FTX has state-of-the-art security features to ensure its users can trade flawlessly without any threat of security breaches.
To do so, first of all, they store the majority of their user funds in offline cold storage. They also have two-factor authentication available by default on the platform.
FTX also offer insurance to protect the traders from significant losses that could be incurred due to sudden price volatility.
Voyager is a publicly audited and regulated company that uses impenetrable measures to ensure users’ safe trading experience. Voyager stores the majority of its user’s funds in cold storage.
Additionally, users must enter a code sent to them via text or mail whenever they log into their account.
- Is FTX safe?
In a nutshell, yes, FTX is entirely safe and legit. It is a regulated platform with bank-like security features to ensure the safety of its user’s funds. So far, there hasn’t been a hack on the platform and not any compromise with the security of its users.
- Is Voyager safe?
On the other hand, Voyager is also a safe and secure platform that is publicly traded, audited and regulated. Voyager provides a high-security ecosystem for the users to trade, abstracting any unnecessary fraud events.
Both FTX and Voyager provide intuitive trading tools and products for a variety of trading needs as well as strategies. But looking at these platforms in-depth, you would have realised that FTX is far better than Voyager.
With many more products, order types for a relatively lesser price, and a very safe and powerful interface FTX is undoubtedly a better choice.
So, get your hands on this fantastic trading platform and start trading with more liquidity as well as profitability with FTX.