This study focuses on the impact of the aerodynamic model on the dynamic response of a floating vertical axis wind turbine (VAWT). It compares a state‐of‐the‐art quasi‐steady double multiple streamtube (DMS) solver, a prescribed vortex wake (PVW), and a free vortex wake (FVW) solver. The aerodynamic loads acting on a bottom‐fixed VAWT and computed with the three aerodynamic solvers are compared, then the dynamic responses of the floating turbine in irregular waves and turbulent wind with the different aerodynamic solvers are compared. Differences are observed, particularly in the mean motions of the platform. Eventually, the aerodynamic damping computed by the solvers are estimated with aerodynamic simulations on the turbine with imposed surge and pitch motions. The estimated damping can then be correlated with the dynamic response amplitude of the VAWT. Substantial discrepancies are observed between the three solvers at high tip speed ratio, when the rotor is highly loaded. It is shown that the quasi‐steady DMS solver seems to give greater amplitude of motions for the floating VAWT because of strong rotor/wake interaction that are not correctly accounted for.