In less than a decade, Voyager has gone from being an unknown crypto to becoming one of the top-ten largest cryptocurrencies. They have also managed to take on many projects with strong industry influence and compete at their level.
The “voyager crypto review reddit” is a cryptocurrency that was created in 2021. The coin has been around for a while and there are many reviews on the internet about it. This article will go over some of the features, pros and cons of this coin.
Voyager, although being a relative newbie to the crypto industry, is swiftly taking over the world of cryptocurrencies. Thanks to its wide range of supported currencies and interest-bearing crypto accounts, the innovative broker provides a wealth of wonderful advantages for both novice and seasoned investors.
Is Voyager crypto all that it’s cracked up to be, though?
In this Voyager cryptocurrency review, we’ll go through all of the platform’s features and analyze the benefits and drawbacks. As a result, you’ll be able to make an educated conclusion about whether it’s the perfect crypto broker for your requirements.
What Exactly Is Voyager?
Voyager is a cryptocurrency broker with a user-friendly mobile trading interface. The business was established in 2017 and is a publicly listed corporation based in New York.
Voyager allows investors to purchase and trade a variety of cryptocurrencies. They may also take use of a range of services, including as interest-bearing crypto savings accounts and special crypto rewards programs, without having to pay the hefty fees that other organizations charge.
Voyager is the source of this information.
Voyager is the source of this information.What Is the Process of Voyager?
Before you begin trading with Voyager, you should familiarize yourself with the company’s operations and the steps required to create an account. What you need to know is as follows:
The First Steps
Voyager is currently only accessible to US individuals over the age of 18, with the exception of those in the state of New York. However, in the next years, the company plans to extend its activities to New York and other nations.
You’ll need the following information to apply for an account if you’re eligible:
- Name in full
- Contact information through email
- Physical location
- Year of birth
- Number assigned by the Social Security Administration
Investors must also provide identity credentials such as a driver’s license or passport, as well as a selfie for verification.
Creating a Bank Account
After you’ve confirmed your account eligibility and gathered all of the required papers, the next step is to download the Voyager app to your mobile device.
You may establish an account by clicking the button, which will prompt you to input your personal information and submit any relevant documents. Your papers will then be verified by Voyager, and your account will be ready to trade. It’s worth noting that the verification procedure might take a few days.
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Alternatives to Funding
Voyager allows users to fill their accounts with either US dollar bank transfers or cryptocurrency transfers of a limited amount of coins.
Plaid, a secure bank transfer technology, is used to handle all US currency deposits via ACH transactions. Wire transfers are also accepted, however they come with a $50 charge.
Voyager account users may deposit cryptocurrency into their accounts. It’s worth noting that not all currencies on Voyager’s trading platform are now allowed for deposit, but BTC, ETH, and VGX are.
Voyager Accepts Cryptocurrencies
Voyager allows users to trade over 60 different cryptocurrencies, which is a lot for a US-based exchange. Among the various currencies available on the site are:
Features of the Voyager
Voyager is a cryptocurrency broker with a lot of features. If you create an account, you may expect to get the following benefits:
Earn Cryptocurrency Interest
Voyager’s interest-bearing crypto accounts are one of its most popular features. For holding crypto in their Voyager wallet, all account users may receive interest payments of up to 12% on 30+ currencies.
Interest is computed on a daily basis and paid out in cryptocurrency on the fifth business day of the month. Furthermore, everyone is automatically enrolled in the program, but you have the option to drop out at any time.
Note that the monthly minimum balance requirements for this program vary by denomination, and interest rates are subject to change at any time. Furthermore, the program has no withdrawal limits, however withdrawals might take up to seven days to complete.
The best interest rates and minimum balance requirements are as follows:
Recurring Purchases
Voyager allows you can set up regular buys for any supported currency on the platform to help you put your investments on autopilot.
This means you may automate your investment by setting up daily, weekly, monthly, or custom repeating purchases. It’s worth noting that recurring purchases have a $10 minimum order amount, which is the same as any other order made on the site, recurring or not.
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Trading App for Mobile
Voyager is a cryptocurrency trading platform that focuses on mobile devices. In truth, the company lacks a web-based or desktop-based trading platform.
Voyager’s app is sleek and simple to use, as it should be for a mobile-first business. The app is well rated and is available for iOS and Android. For enhanced security, it employs two-factor authentication.
One of the most appealing features of the Voyager app is its extensive charting capabilities. While most smartphone applications are rather basic, Voyager allows more experienced traders to quickly access configurable real-time market data, market news, and crypto research at the touch of a button.
Routing Orders in a Smart Way
Voyager isn’t technically a cryptocurrency exchange. Rather, it’s a crypto broker that helps investors like you make deals on other exchanges.
Voyager does this by using its patented Smart Order Router technology. It’s really simple to understand how it works. The Smart Order Router begins analyzing the market price of that currency on numerous of exchanges as soon as someone submits a transaction. It then connects to the exchange with the best market price and fills the order immediately.
As a consequence, Voyager will be able to get better pricing for currencies sold on its platform. This will help you save money in the long run.
Program for Referrals
You may earn free cryptocurrency just by referring friends to join Voyager. For each new person you recommend to Voyager, you may earn $25. All they have to do is join up and make a transaction for at least $100. After that, you’ll each get $25 in free cryptocurrency placed into your accounts.
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Token of the Voyager
The native utility token of Voyager is the Voyager Token (VGX). It improves the investment experience by rewarding account holders who engage with the Voyager platform.
VGX provides a variety of perks to investors and account holders, including a 7% staking payout on every VGX in your account. When you trade VGX, you may also get cashback incentives and earn up to 1.5 percent additional interest on your account’s assets just by possessing more VGX.
Types of Orders
Many crypto exchanges and brokers that are only available on mobile only enable investors to place market orders. This restricted capability is ideal for beginning investors looking for a simple and fast method to buy cryptocurrency.
Market orders, on the other hand, may not be as adaptable as expert traders would want. Fortunately, Voyager’s trading interface accepts both market and limit orders. While some exchanges, like as Kraken, provide other order types, market and limit orders are among the most used.
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Investing by Institutions
Voyager is primarily geared at individual traders, although it also offers institutional investment options. Voyager provides access to the company’s Smart Order Router technology, a full-service trading desk, and custodial services to institutional investors.
Voyager’s institutional investment arrangements are negotiated on a case-by-case basis. If your company is interested in these services, please get in touch with the business directly for further information.
Pricing and Fees for Voyager
For transactions made on the platform, Voyager does not collect any commission costs. The firm’s Smart Order Router, on the other hand, minimizes system inefficiencies to save you money. Instead of charging a fee, if Voyager’s Smart Purchase Router discovers a cheaper price for your order than what you were quoted, it just retains the difference.
It’s worth noting, though, that withdrawing cryptocurrency to an external wallet incurs a cost. This is a one-time fee that is determined by the coin in question.
Aside from that, there are no charges for using Voyager. Keep in mind, however, that all accounts must have a minimum balance of $10.
Voyager Security & Insurance is a company that specializes in security and insurance.
Voyager, like other crypto brokers and exchanges, offers top-notch security and a sophisticated fraud prevention system. Furthermore, since Voyager is a publicly listed business, all of the firm’s financials are open to the public and may be scrutinized by anybody.
Furthermore, all US dollar funds are insured by the Federal Deposit Insurance Corporation (FDIC). However, there is no insurance coverage for bitcoin in your Voyager account.
Customer Service at Voyager
It’s critical that you have easy access to customer care if you ever need assistance with your account. All Voyager account users have access to a collection of online help resources as well as ticket-based assistance.
Voyager, on the other hand, does not offer an in-app chat feature or a customer care phone number. It might potentially take a few days for your support issue to be answered.
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Pros of Voyager
- There are no exchange or account maintenance fees.
- Trading expenses are reduced because to Smart Order Router technology.
- Through a referral program, you may earn free cryptocurrency.
- The VGX token provides prizes as well as higher interest rates.
- More than 60 coins are supported.
- Option to set up recurring purchases
- Allows market and limit orders to be placed.
- Advanced order types and a mobile-first platform
- Institutional investment is possible.
Cons of Voyager
- Is there a minimum order amount?
- There are no coin-to-coin transactions available.
- There isn’t a web-based platform.
- Only available in the United States.
- Wire transfers have a high charge.
- Withdrawal fees are charged.
- There is no telephone assistance available.
Alternatives to Voyager
Voyager may not be the best cryptocurrency broker for you. Here are two excellent choices to think about:
Coinbase
Coinbase is one of the top cryptocurrency exchanges in the United States in terms of trading volume, as well as one of the most well-known brands in the sector. Since its inception in 2012, the company has grown to become a go-to destination for both new and seasoned investors.
Coinbase supports a smaller number of currencies for US investors, but it provides a lot more capability for foreign dealers. The company also provides a free personal wallet, a crypto-backed debit card, limited staking, and a mechanism to earn free crypto, as well as a basic and sophisticated trading interface.
Coinbase has a few drawbacks, including high fees and a restricted number of staking and interest-bearing account choices. However, if you’re willing to pay extra for more services or access outside of the United States, Coinbase is a good option. To understand more, read our whole Coinbase review.
Gemini
Gemini, which was founded in 2014, is a major crypto exchange for investors that place a premium on security and simplicity. The firm is a trust corporation based in New York, and it’s one of the few exchanges that accepts investors from all 50 US states.
Gemini, like Coinbase, offers a simple and complex trading platform. You may also acquire a cryptocurrency-backed credit card, a cryptocurrency payment system, custodial services, and top-notch security with Gemini. The company also provides interest payments on a variety of coins.
Gemini’s fees are a little higher than Voyager’s. In addition, the company provides significantly lower interest rates and does not accept as many coins. When it comes to security and convenience of use, though, Gemini is a safe bet. To discover more, read our whole Gemini review.
For Whom Is Voyager Intended?
Voyager is an excellent crypto broker for novice investors looking for a user-friendly platform with low costs. People who want to do more than simply trade crypto like the firm’s wide range of supported currencies, VGX rewards program, and interest-bearing crypto savings accounts.
Voyager, on the other hand, is a good option for those who want a mobile-first platform. Advanced charting tools, different order types, and institutional investment make the company worth considering for experienced investors looking for a simple but strong trading procedure.
Voyager Frequently Asked Questions
Here are some of the most commonly asked questions regarding Voyager that we’ve received:
Is Voyager Crypto a secure platform?
Voyager is a trustworthy cryptocurrency broker. To assist avoid hacker assaults, the company employs advanced security systems. It’s also a publicly listed corporation, which means that everyone may examine the company’s financial operations for further reputability.
Is Voyager a Reliable Cryptocurrency Exchange?
Despite the fact that Voyager is a crypto broker rather than a crypto exchange, the company provides high-quality, low-cost trading. Overall, Voyager is a good choice for newbie crypto investors looking for a straightforward platform with a large number of supported currencies and the ability to earn interest on their investment.
Is Voyager a Better Alternative to Coinbase?
Both Voyager and Coinbase are prominent crypto trading sites, so it’s difficult to determine which is superior. Coinbase provides greater features for more experienced investors, but at a larger cost. Voyager, on the other hand, is perfect for newbie traders who want a simple, low-cost, and mobile-first platform.
Is it Possible to Withdraw Crypto from Voyager?
Voyager allows you to withdraw cryptocurrency. However, not all of the company’s supported currencies may be transferred to a third-party wallet. Before making a purchase on the platform, double-check that the coins you intend to transfer from Voyager are accessible for transfer.
Last Thoughts
Overall, Voyager is a good cryptocurrency broker. The absence of trading fees and user-friendly interface make the company an excellent choice for novice and budget-conscious investors. In addition, Voyager has a vast number of supported currencies, a good mobile app, and the possibility to earn interest.
What matters is that you pick the correct cryptocurrency broker or exchange for your requirements. Whether it’s Voyager or another company, we hope this information has assisted you in deciding where to put your money.
Voyager is a cryptocurrency that was created in October of 2020. It has been one of the top 5 cryptocurrencies since its release. Voyager Crypto Review: Features, Pros and Cons: Reference: voyager review.
Frequently Asked Questions
Is Voyager a good crypto broker?
A: Voyager is a complicated and highly speculative investment, with its value fluctuating wildly. It can be difficult to track the price of Voyager on the market due to this.
Is Voyager token a good investment?
A: I have no idea.
Is it safe to leave crypto on Voyager?
A: Yes, you can leave your crypto on Voyager without worrying about the device being compromised. It is not connected to the internet and cannot be accessed by anyone else in any way. You are also able to withdraw or deposit in-game currency using a wallet address that will only ever be accessible through Voyager itself.
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