Cryptocurrency exchanges might be complicated to understand, especially if you’re new to cryptocurrency trading. You’ll need to learn about different fee structures, simple vs. complex trading platforms, wallets, and general crypto lingo.
Voyager has developed a platform that makes crypto trading easier. Their phone app provides access to the whole platform. There is only one trading platform and no commissions. However, Voyager might take a portion of price improvement savings. In addition, Voyager crypto offers excellent interest rates on its assets. Let’s look at what Voyager has to offer crypto trades in more detail.
What Is Voyager (VGX)?
Voyager is a cryptocurrency broker that operates through an app. It’s crucial to understand that it is not an exchange. Instead, Voyager connects to over a dozen exchanges and routes orders to them, where they are executed. This happens behind the scenes but gives the impression that you’re trading on Voyager directly.
As mentioned before, the Voyager app will not charge any investment fees, which is unusual for broker services and products. Voyager is also the only broker app that allows users to earn compound interest. On the site, there are over 60 digital assets to choose from. “Commission-free” trades and high-interest rates on certain coins are two of Voyager’s competitive advantages. They also provide access to popular coins such as Dogecoin, Shiba Inu, and others.
Voyager offers interest rates ranging from 1% to 9% on various cryptocurrencies and stablecoins. The table below shows the minimum and rates for 5 of the 24 coins you may now earn interest in.
Voyager was created as a brokerage service and released in 2018. The project was lifted up in 2019 with the creation and launch of the Voyager app for smart trading. The initiative was co-founded by Steve Ehrlich, the CEO of Voyager, and Oscar Salazar, together with the official Voyager staff.
How Does Voyager (VGX) Work?
Voyager is not an exchange itself. Instead, it uses a technology known as the Voyager Smart Order Router to give consumers access to dozens of currencies on different exchanges.
The Voyager app is only for mobile devices and works with iOS and Android. The lowest deposit for joining the broker app is $10, and the limit for quick trading of funds that have not yet been processed is $5000. This way, it allows more people to participate in wealth creation and investing. The primary goal of Voyager is to make crypto trading simple, uncomplicated, cost-effective, and broadly available, which is why it uses Voyager Smart Order Routing.
There were significant price discrepancies across the markets in today's flash crash. Voyager’s Smart Order Router was able to maintain a tight spread and execute orders seamlessly & instantly.
We loved watching the router navigate the market to deliver best execution! pic.twitter.com/BmibtvIodN
— Voyager (@investvoyager) September 24, 2019
Because of the use of the Voyager app, which makes trade execution efficient, cost-effective, and profitable, Voyager is a one-of-a-kind brokerage service. The Voyager app identifies the optimal routes for traders, allowing them to trade commission-free on the app. Another feature that distinguishes Voyager is the ability for users to compound their interest in over 30 cryptocurrencies. These cryptocurrencies include the two largest ones by market cap: Bitcoin and Ethereum.
Tokenomics
Before investing a cent into VGX, you need to understand the ‘tokenomics’, or the basic facts and statistics of the tokens. The VGX token is limited to 279,387,971 units. They have all been issued, and almost all of them have circulated extensively in the free market.
If you maintain a minimum balance on your Voyager account, you can receive interest on any of 24 coins. Rates change, but according to Voyager, you may earn up to 9% APY on stablecoins like USDC and 6.25% on Bitcoin.
Interest is calculated daily and compounded monthly. To receive interest for that month, your average monthly balance for an eligible coin must meet the minimum. You receive interest on any qualifying assets in your account, whether purchased on the Voyager platform or deposited from an external wallet.
Is Voyager a Good Crypto App?
The platform’s most impressive feature is its fully functional mobile app, which provides full-time trading and investment capabilities with a user-friendly interface. The app’s trading process is straightforward. Investors benefit from faster order placing by simply entering the order information and proceeding.
On the mobile platform, horizontal and vertical chart views are accessible to help you make an informed decision. A Two-Factor Authentication security mechanism is also available to ensure that only users may access the Voyager account. The Voyager crypto trading app is free to download from iOS and Android app stores.
Is Voyager Safe?
As previously mentioned, Voyager is a publicly audited and regulated company employing cutting-edge technology to protect clients’ digital assets from hackers. Using bank account security for their assets, The Voyager has built an innovative and trustworthy name for itself in the crypto industry.
Voyager’s main storage function for its users is cold storage, which implies that most of its users’ cash is saved in offline wallets. In the event of a security breach within the organization, this technology aids in maintaining the transparency of the user’s funds.
Furthermore, when the traders connect to their Voyager account, they must enter a code issued to them by text or mail. This additional layer of security ensures the impregnability of personal information and assets in case of security protocol breaches.
Should I Buy Voyager Token?
This cryptocurrency broker is suitable for: Intermediate cryptocurrency investors who wish to trade a wide range of currencies without having to manage multiple exchange accounts.
Pros
- With a single account, you may access various exchanges
- Commission-free trading is accessible on more than 50 digital assets
- You can earn up to 9% APY
- An easy-to-use mobile app
- Automatic purchase of FDIC-insured cash holdings
Cons
- There are no coin-to-coin transactions
- Long verification procedure
How To Invest Through Voyager App?
One of the main advantages of using Voyager is its ease of use. Download the app, create an account, get verified, and add funds using the account icon. You can deposit up to $5000 daily and trade quickly with over 30 cryptocurrency assets and stablecoins accessible on the site.
We will show you how to open a Voyager account in a few steps.
Step 1
To begin crypto trading on Voyager, you should open an account first. To create the account, go to the app store on your mobile phone and download the app. After that, launch the app and select the “Sign-Up” option from the platform’s menu.
Step 2
After opening the account, you should follow the on-screen step and provide the app with the necessary permissions to collect the information needed to finish the identity verification procedure.
Step 3
After completing the registration procedure and compliance verification, users will receive notification that their account has been successfully created and is ready to trade with. You may now connect your bank account and begin investing right away.
Takeaways
- Voyager is a cryptocurrency broker that operates through an app.
- Voyager connects to over a dozen exchanges.
- Voyager offers interest rates ranging from 1% to 9% on various cryptocurrencies and stablecoins.
- The Voyager app is only for mobile devices and is available for iOS and Android.
- Voyager investors benefit from faster order placing by simply entering the order information and proceeding.
