- Commission-free trading
- 60+ digital assets are available
- Simple to use interface
- No coin-to-coin trading
- No desktop platform for laptop and PC users
- Limited customer support
Supported Fiat Currencies:USD
It can be pretty difficult to understand how a crypto exchange works, especially if you are new to the crypto world. Therefore, we are here for yet another review of a crypto exchange so that you can decide whether it is for you or not. Voyager is a U.S.-based crypto exchange that offers commission-free trading on over 60+ digital assets, including coins and tokens. Voyager review is taking the crypto industry by storm. This innovative broker has a variety of features for both new and professional traders, thanks to its commission-free fee structure and competitive interest rates on crypto holdings.
Voyager Review – Introduction
Voyager is a crypto broker founded in 2017 to offer a sleek trading platform for mobile users. The company is headquartered in New York and provides access to dozens of cryptocurrencies. Additionally, the brokerage offers numerous features, such as unique crypto rewards and interest-bearing crypto accounts without any high fees involved.
Cryptocurrencies Available On Voyager
Voyager supports more than 60 cryptocurrencies, including Bitcoin, Ethereum, Chainlink, Uniswap, Cardano, Polkadot and Dogecoin.
Features Of Voyager
Some of the best features of Voyager are explained below:
- The minimum Account Balance is as low as $10.
- No trading fees are charged.
- Voyager offers more than 60 cryptocurrencies to choose from.
- The daily deposit limit of Voyager is $10,000
- Interest rates for crypto holdings are up to 12%.
- The traders can choose from 35 interest-earning currencies.
Voyager Review – Availability
Voyager is accessible to every US resident except New York residents. This is because of New York’s strict financial regulations. However, Voyager does say that it is working to obtain a license to operate in New York as well.
Voyager Review – Ease Of Use
Although Voyager tends to make your crypto purchasing experience easy and convenient, its app and platform are quite annoying. Firstly, you can only access Voyager on mobile, which is a challenge itself when moving cryptos from one account to another. Secondly, their app exhibits several issues when loading pages, causing a lot of inconveniences.
Voyager Review – Referral Programs
In case you are able to convince your friend to register with Voyager, deposit $100 and use it for trading, you both can earn bitcoin worth $25.
Are There Any Fees?
Voyager is a commission-free platform; thus, you never have to pay more than what is quoted on the order. Thanks to its Smart Order Routing, if Voyager can fill the order at a price lower than what was quoted, it will keep a portion of savings for itself (spread-based fee). However, it is unclear how much cut Voyager will keep for the price improvement order. Voyager also charges a fee when you withdraw cryptos, which can vary from coin to coin.
How Do You Open An Account With Voyager?
Firstly, you need to visit the Voyager website and download the app to open the account. Note that Voyager does not come in the desktop version, so it is compulsory to download the app. After signing up, you can use the referral program and earn worth $25 of Bitcoin (provided you have traded $100 crypto).
Voyager Review – Is My Money Safe?
Voyager is a fully encrypted platform. Not only is the broker regularly audited, but the USD deposited with Voyager is also FDIC-insured up to $250,000. Additionally, the company is also registered and regulated in the US. Therefore, Voyager has high standards for maintaining financial transparency compared to other unregulated crypto exchanges.
The only drawback of Voyager is it mingles client and business assets. Hence, the customers are frozen and cannot be withdrawn due to bankruptcy. This is a big red flag as Voyager has recently informed its crypt holders that the company may not be able to pay back everything they own.
Voyager Review – Is It Worth It?
Many people get attracted to Voyager due to the high-interest rates and riskless and FDIC-insured trading accounts. Additionally, beginner traders who are new to crypto trading find Voyager very much reliable. Since the broker is US-regulated, it further gives them peace of mind. However, there is no desktop platform available, which might not make Voyager appealing to many traders.