The cryptocurrency world has become quite ambiguous nowadays, with constant breakthroughs happening every day that usher the users to face a huge dilemma of choosing an authentic trading platform. Here are steps in the Voyager crypto review that have established itself as a trusted and genuine firm providing a simplified trading system where customers can buy and sell digital assets on a commission-free fee structure to earn incredible profits.
Voyager Exchange Summary
|Headquarters||New Jersey, USA|
|Supported Fiat Currencies||USD|
|Supported Countries||United States|
|Deposit Fees||Depends on Currency & Payment Method|
|Transaction Fees||Depends on Currency & Payment Method|
|Withdrawal Fees||Depends on Currency & Payment Method|
|Customer Support||Submit a ticket, FAQs, & Mail Support|
The Voyager provides an in-hand 24/7 market facility in a regulated and authorized app on Android and IOS app stores. Voyager exchange review is a few crypto investments platforms that facilitate the trader to buy and sell digital assets and earn interest by simply holding the assets in the Voyager App.
What Is Voyager?
The Voyager platform was brought into existence in 2017 by four Wall Street and Silicon Valley entrepreneurs in New Jersey, the USA, to establish an improved, guileless and cost-efficient substitute for digital trading assets.
The Voyager operates as a crypto broker, offering the institutional and privatized investors a platform that lets them trade across multiple exchanges and OTC liquidity providers through a single access point, negating the need for unnecessary individual accounts, wallets, and keys.
The Voyager coalesces the fragmented ecosystem of cryptocurrencies by offering the investors incomparable speed with induced liquidity and a secure system to store digital assets.
How Does Voyager Work?
As mentioned earlier, the Voyager operates cost-efficiently so that customers are free from paying any commission to the platform. The voyager uses a Smart Order Routing system that determines the best price to buy and sell a crypto asset by utilizing the discrepancies among offered prices of other cryptocurrency exchanges.
The Voyager calculates the best price by comparing it to the 12 most prominent and most reputed exchanges. Moreover, it provides investors smaller spreads between bid and ask prices and a high liquidity rate, simplifying entering and exiting a position.
The basic algorithm of this system is that when the platform finds a better deal for the user, it increases their savings and retains a small percentage of the price difference. Thus, one can say that Voyager makes a profit only when the user does.
Is Voyager Regulated?
Yes, Voyager is a US-based publicly regulated, traded, and audited company that provides FDIC insurance through its partner banks for up to USD 250,000 stored in a user’s account. It is the only fully regulated cryptocurrency brokerage firm in the US possessing the license to trade in 49 states (except New York). The legal name of the platform is Voyager Digital, LLC.
Features of Voyager
- The platform offers the investors a feature to trade with over 60+ top digital assets to fund their accounts instantly and start selling with a minimum balance of only $10.
- The unique feature of the Voyager is that it provides users an innovative execution platform that uses the Smart Order Router system to calculate the best price of an asset by comparing it at the 12 most significant and most reputed exchanges, thereby creating more likely conditions to make a profit from the deal.
- Another beneficial feature of the Voyager is that the platform provides a highly secure storage system for the users to store their digital currencies in collaboration with its partners.
- On using the platform, the crypto traders get the opportunity to earn up to 12% interest APR on over 30 digital commodities. They have to simply hold their currencies in the Voyager app to automatically make interest at the end of the month. This voyager crypto platform is a great place to earn interest.
- Another unique feature of the Voyager is that traders can automate their investing on the platform by prefixing their preferred crypto assets to buy and sell as per their crypto portfolio.
- From advanced market data, interactive charts, and news to professional research, the Voyager offers customers powerful tools to gain the upper hand in the crypto market.
- The Voyager offers a highly secure trading ecosystem system and FDIC insurance for up to USD 250,000 so that users can rest assured that their digital currencies are protected and insured.
- The platform also provides educational features like Node Blog and an up-to-minute news feed. Various straightforward articles related to trading for beginners are available on this blog to quickly make an informed and intelligible decision. A regularly updated news feed provides one with the latest incidents taking place in the crypto universe.
- Voyager also provides an inbuilt profit/loss calculator that aids customers in having complete information about their active crypto holdings.
Voyager Exchange Review: Pros and Cons
|One can start crypto trading with a minimum of $10.||Coin to Coin commutation facility is not provided.|
|Access to a large number of Cryptocurrencies and other stable coins.||No self-custodial function to secure digital assets.|
|Higher APY rate of up to 12%.||Currently operational for US residents only (except New York).|
|No trading fees.||Unavailability of on-call customer care service.|
|Instant deposits in the account.|
|Simple verification process.|
Voyager Registration Process
Evident by the firm’s Twitter handle, one can say that Ease of use is one of the main reasons to operate Voyager. The platform boasts of some of the swiftest account constitutions in the cryptocurrency universe. Just download the app, create a voyager account, get verified, and add funds using the account icon. One can deposit up to $5000 daily from an external wallet and instantly trade with over 30 cryptocurrency assets and stablecoins on the platform.
According to the Voyager review, users can also deposit US dollars directly using a trade ticket. The Smart Order Routing system has also simplified the working of the platform. A variety of professional tools are available on the app to help one in improving their skill set to execute profitable trades. The user interface is quite elementary and simplified so that even novice investors face no trouble in making their first trade.
So, one should give Voyager credit for launching such a simple yet highly secure mobile platform that flawlessly amalgamates innovative technology with a sincere order system and groundbreaking pricing mechanism, a refreshing approach for beginners in this highly confusing environment trading in digital assets. The competent traders are also given some aggrandized features like analysis and charting tools and lightning-fast operations, thereby providing them a greater understanding of the effects of that particular trade.
Steps to Open an Account With Voyager Exchange Are Given Below:-
The first step to starting crypto trading on Voyager is to open an account on the platform. Here are no trading fees available. To open an account, one has to download the app on the mobile phone from the IOS/Android app store. Once done with that, open the mobile app and go for the “Sign-Up” option available on the platform.
Now, the customers should follow all the instructions provided on the screen and give the necessary permissions asked by the voyager crypto app to collect the required information to complete the identity verification process. Then, they should show compliance towards the platform’s terms and conditions regarding the Know Your Customer (KYC) and Anti-Money Laundering (AML) verifications.
After finishing the registration process and compliance verification, the users will notify them that their account is successfully opened and fully functional to start trading with. Now, you can connect your bank account and start investing immediately.
As already mentioned in Voyager crypto review, the Voyager boasts of a commission-less application that ensures complete transparency regarding the price customers have to pay during buying or selling a digital asset and that makes it crypto exchange with lowest fees. According to the Voyager exchange review, it uses the Smart Order Routing system to determine the best price rate by comparing the price feed of over a dozen most reputed exchanges, and then by taking advantage of the fluctuations between the rate of commodities, it opens a deal at a slightly improved price than that of the customers. It increases his take, meanwhile keeping a small part of the savings as its profit.
Finally, one can say that Voyager charges no trade commission, and it takes an undefined fee by a spread-based mechanism where the charge is levied only if the investor makes a profit. Among other things, Voyager also charges a fee on withdrawal during crypto trading from the account, which varies from coin to coin.
The most splendid feature of the platform is its fully functional mobile app that offers full-time trading and crypto investments facilities with a customer-friendly user interface. The mechanism of trading on the mobile app is quite simple. Investors get a quicker order placement by simply entering the order information and proceeding.
Both horizontal and vertical chart views are available on the mobile platform to make an informed deal. A Two-Factor Authentication security feature is also available on mobile to ensure that only users can access the voyager account. The Voyager crypto app is available on IOS as well as Android stores free of cost.
VGX Token Details
The Voyager Token (VGX) was formerly known as Ethos (ETHOS), and it’s the native token of the platform. The investors can buy and trade the Token directly through their bank account by using USD. VGX token remunerates the users within the Voyager crypto environment.
When the traders hold the Voyager Token in the app, they can get 5% interest on the token, later offering them cash back rewards and other beautiful features. VGX tokens can be stored in the Ethos Universal Wallet, giving users the power to regulate over 150 cryptocurrency assets securely. Voyager connects with multiple exchanges to provide users with various digital asset options.
Voyager Supported Countries
Currently, the platform is available for US residents of 49 states and all US territories, New York being the only exception.
Voyager Supported Cryptocurrencies
The Voyager has expanding plans planned for the near future, as evidenced by the information available on their website that indicated that the platform might regulate over 150 cryptocurrency assets securely go international in 2021.
Below Are Some of the Crypto-assets That Are Supported by the Platform:-
- Aave (AAVE)
- Cardano (ADA)
- Basic Attention Token (BAT)
- Band Protocol (BAND)
- Bitcoin Cash (BCH)
- Bitcoin (BTC)
- Chiliz (CHZ)
- Compound (COMP)
- Multi Collateral Dai (DAI)
- Dash (DASH)
Voyager Exchange Security Measures
As mentioned earlier, Voyager is a publicly audited and regulated company that uses advanced technology to prevent hackers from coming after customers’ digital assets. The Voyager has made an original and trustworthy name for itself in the cryptocurrency world by using bank account security for its user’s funds.
Voyager’s primary storage function for its customers is cold storage, which means that most giving users of an investor’s funds are stored in offline wallets. This system helps maintain the transparency of the user’s fund in case of a security breach within the firm.
Moreover, when the traders log into the Voyagers account, they must enter a code sent to them via text or mail. This supplementary layer of safety maintains the impregnability of personal information and assets in the event of a breach in security protocol.
Voyager Exchange Customer Support
As per our Voyager exchange review, this exchange’s customer support department is not efficient as a limited number of customer service options are available on the platform. To get the quickest response from the Voyager customer service team, one can use email to contact them on [email protected]
The problem should be elaborated, and one should use the registered email associated with the account. Another way of accessing the customer support section of the platform is by using the application to raise a complaint. One can do this by going to the accounts section in the mobile app and clicking on the “Help” icon to register an issue.
Along with the personal support function, Voyager exchange also offers a concise FAQ section that is solely related to some of the most common issues and queries faced by the users. The FAQs provide conceptual answers to almost all problems, thereby enabling the investors to tackle the fundamental problems by themselves. There is no facility for on-call customer service agents, and one can not get their questions answered without having a genuine Voyager account.
Voyager Exchange Review: Conclusion
After going through the voyager review of the Voyager platform, one can say that, unlike its competitors, the platform has provided the users a cheaper alternative for trading due to its commission-free trading service. Furthermore, the platform gets credit for its faster speed and a more comprehensive range of assets available for crypto investments. Voyager also offers an exclusive feature of providing viable options for earn interest on altcoin.
Although there are numerous benefits of using the Voyager exchange platform, there are some shortcomings also that the platform is working to remove shortly, as its limited regional availability, no self-custodial feature for customers, lack of a genuine desktop platform, and inappropriate functioning of its mobile app during peak hours. But here Voyager desktop platform is currently not available.
Hence, the conclusion is that even though the platform has some imperfections, it has a competitive advantage over its competitors. Moreover, the institution is working hard to remove the hurdles in its functioning and liberalize trade for upcoming investors worldwide.
Is Voyager Exchange Legit?
The Voyager is a publicly-traded, audited, and regulated platform that provides a high-security ecosystem for the users to trade, abstracting any unnecessary fraud events.
Can You Trade on Voyager?
Yes, you can trade on Voyager as it operates as a broker that offers the institutional and privatized investors a platform that lets them trade across multiple exchanges and OTC liquidity providers through a single access point.
Is Voyager a Wallet or Exchange?
Voyager is not an exchange but a crypto broker that provides a wallet facility in its app. One can transfer currencies from an external wallet to a Voyager account cum voyager wallet. To earn interest on holding funds in the wallet, assets must be stored in the Voyager wallet.
Is It Safe to Keep Money in Voyager?
Yes, it is safe to keep money in the Voyager. It is a US-based, genuinely licensed company that uses advanced technology to prevent hackers from coming after customers’ digital assets. The Voyager has made an original and trustworthy name for itself in the crypto world regarding the security of the user’s fund. FDIC insurance for up to $250,000 is also available for the users.