{"id":22083,"date":"2021-11-28T11:07:39","date_gmt":"2021-11-28T16:07:39","guid":{"rendered":"https:\/\/coincentral.com\/?p=22083"},"modified":"2022-01-17T15:12:42","modified_gmt":"2022-01-17T20:12:42","slug":"celsius-vs-voyager","status":"publish","type":"post","link":"https:\/\/coincentral.com\/celsius-vs-voyager\/","title":{"rendered":"Celsius vs. Voyager: Crypto Interest Account Apps Review"},"content":{"rendered":"

Celsius vs. Voyager is a comparison often made by people who have recently discovered the existence of cryptocurrency interest accounts. Both Celsius and Voyager allow you to earn interest on your idle cryptocurrency assets but have some meaningful differences.<\/span><\/p>\n

Founded in 2017, <\/span>Celsius Network<\/span><\/a> is considered one of the \u201cblue chip\u201d cryptocurrency borrowing and lending platforms. Founder and CEO Alex Mashinsky designed Celsius as a means to democratize the lending landscape, and the app allows users to earn interest on their deposited cryptocurrency, or borrow money by placing their crypto as collateral.\u00a0<\/span><\/p>\n

Voyager Invest<\/span><\/a> started as a cryptocurrency exchange, and Voyager Invest Ltd. is actually a publicly traded company, which is a rarity among cryptocurrency interest accounts. The platform also allows users to earn interest on their digital assets. It stands out among exchanges for its use of a hidden-spread trading model instead of charging users flat-rate fees for transactions, which usually makes it cheaper to buy crypto.<\/span><\/p>\n

The following Celsius vs. Voyager review goes through the nitty-gritty of each unique business model, the pros and cons of each option, and how Celsius and Voyager compare to one another.<\/span><\/p>\n

By the end of this guide, you should be able to make a more educated decision on getting started with either platform or just dipping your toes into the <\/span>cryptocurrency interest account<\/span><\/a> space<\/span><\/p>\n

Celsius vs Voyager: Key Information<\/span><\/h2>\n

 <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
 <\/td>\n\n

Celsius<\/strong><\/p>\n<\/td>\n

\n

Voyager<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n

Reviews<\/span><\/p>\n<\/td>\n

\n

Celsius Network Review<\/span><\/a><\/p>\n<\/td>\n

\n

Voyager Invest Review<\/span><\/a>\u00a0<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Site Type<\/span><\/p>\n<\/td>\n

\n

Crypto lending app with borrowing and lending<\/span><\/p>\n<\/td>\n

\n

Crypto exchange + crypto interest account<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Beginner Friendly<\/span><\/p>\n<\/td>\n

\n

Yes<\/span><\/p>\n<\/td>\n

\n

Yes<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Mobile App<\/span><\/p>\n<\/td>\n

\n

Yes<\/span><\/p>\n<\/td>\n

\n

Yes<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Buy\/Deposit Methods<\/span><\/p>\n<\/td>\n

\n

Crypto deposits, debit card, bank transfer<\/span><\/p>\n<\/td>\n

\n

Debit card, credit card, bank wire, external crypto transfer<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Sell\/Withdrawal Methods<\/span><\/p>\n<\/td>\n

\n

External crypto wallet transfer<\/span><\/p>\n<\/td>\n

\n

External crypto wallet transfer<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Available Cryptocurrencies<\/span><\/p>\n<\/td>\n

\n

Bitcoin, Ethereum, Link, and several others<\/span><\/p>\n<\/td>\n

\n

Bitcoin, Ethereum, Litecoin, and around 60 others<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Company Launch<\/span><\/p>\n<\/td>\n

\n

2017<\/span><\/p>\n<\/td>\n

\n

2017<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Location<\/span><\/p>\n<\/td>\n

\n

London, England<\/span><\/p>\n<\/td>\n

\n

Jersey City, New Jersey, United States<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Community Trust<\/span><\/p>\n<\/td>\n

\n

Great<\/span><\/p>\n<\/td>\n

\n

Great<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Security<\/span><\/p>\n<\/td>\n

\n

Good<\/span><\/p>\n<\/td>\n

\n

Unclear<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Customer Support<\/span><\/p>\n<\/td>\n

\n

Great<\/span><\/p>\n<\/td>\n

\n

Okay<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Verification Required (KYC)<\/span><\/p>\n<\/td>\n

\n

Yes<\/span><\/p>\n<\/td>\n

\n

Yes<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Fees<\/span><\/p>\n<\/td>\n

\n

Excellent (there are none)<\/span><\/p>\n<\/td>\n

\n

Okay (uses a hidden spread instead of flat fees)<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Site + Promo<\/span><\/p>\n<\/td>\n

\n

$50 BTC sign-up bonus<\/span><\/a> after transferring $400+ for 30 days on Celsius.<\/span><\/p>\n<\/td>\n

\n

$25 in BTC sign up bonus<\/span><\/a> when transferring and trading $100 on Voyager\u00a0<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Company Bios: Celsius vs. Voyager<\/span><\/h2>\n

Alex Mashinsky and Daniel Leon created <\/span>Celsius<\/span><\/a> in 2017. The company raised approximately $100 million through private funding rounds.\u00a0<\/span><\/p>\n

Today, Celsius manages about $16 billion in community assets and has around 850,000 users.<\/span><\/p>\n

Voyager was also launched in 2017. It was founded by Gaspard de Dreuzy, Oscar Salazar, Philip Eytan, Serge Kreiker, and Stephen Ehrlich.\u00a0<\/span><\/p>\n

The company has raised <\/span>just over $100 million<\/span><\/a> in private funding.<\/span><\/p>\n

Voyager is actively traded on the Canadian Stock Exchange. It IPOd under the ticker symbol VYGR on <\/span>February 11th, 2019<\/span><\/a>. The stock debuted at $0.95 and usually trade <\/span>just above $3.00<\/span><\/a>.<\/span><\/p>\n

Feature #1: Interest Rates: Who Has Higher APY, Celsius or Voyager?<\/span><\/h2>\n

Users that store cryptocurrency assets on Celsius and Voyager can earn interest for doing so, but the platforms differ in a few notable ways.\u00a0<\/span><\/p>\n

Rate changes:<\/b> Celsius changes its interest rates every week and Voyager changes its rates every month. The figures covered in this article may differ from what you see on the app, but just know both platforms tend to change their rates as a reaction to market conditions and the lending landscape.\u00a0<\/span><\/p>\n

Bitcoin:<\/span><\/strong><\/p>\n