Review: Voyager Crypto App
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There are loads of cryptocurrency apps that act as intermediaries or a means for exchanges but for the purpose of this write-up, we would focus on what the Voyager Crypto app is, the services they offer, how it works, and its pros and cons.
What is Voyager Crypto App?
Voyager is a cryptocurrency broker app that was created to simplify cryptocurrency trading.
This crypto investing app is a mobile app that is available for download on iOS and Android devices.
With the Voyager crypto app, you can get access to over a dozen of crypto exchanges and over fifty digital currencies while offering a competitive annual percentage yield (APY) of 9% on assets.
With Voyager, you can trade on over 60 crypto assets with no commission fee attached and, you can begin trading on assets like Ethereum, Dogecoin, Bitcoin, and Litecoin with as low as $10.
Voyager was established in 2017 with its base in New York City, USA. Ever since the company went public, it has raised over $100 million. The name of Voyager’s CEO is Stephen Ehrlich.
What do they offer?
There are Crypto trading apps that charge a fortune just to trade on certain coins but Voyager has a competitive edge over all the other crypto broker apps.
They offer a commission-free trade and high-interest rates on some coins while offering access to assets like Dogecoin and more.
Also, this crypto trading app allows you to trade more than 60 cryptocurrencies without having multiple exchange accounts.
Apart from offering interests, an investor with as low as $10 can trade or invest with the app.
This means that; as a trader, Voyager will enable you to trade more than 50 currencies with over a dozen of crypto exchanges and you can do this without having to open multiple exchange accounts.
Through the app, you can track the performance of each asset that you hold.
Voyager enables you to earn 9% APY on stable coins. This interest stems up daily. Also, you can buy crypto assets automatically.
How Voyager works
Voyager is not an actual exchange itself, it uses the Voyager Smart Order Router technology to give traders access to a large number of currencies over multiple exchanges.
After downloading the app, you then proceed to create an account by verifying your identity.
Once your information has been provided, you can start trading with the app after funding it.
Currently, Voyager is open to residents in the United States of America but it intends to expand internationally in 2021.
This means that any other person signing up can join the waitlist when it eventually does expand.
If you are a new customer, you will have to wait till you are given access to the platform as you might experience delays before you can trade on the app.
To fund your account, you would need to connect your bank account through Plaid to deposit funds in US dollars.
Alternatively, you can deposit BAT, BTC, Bitcoin Cash, or Voyager token from another wallet to a deposit address that you generated from the app. Note that daily deposits have a limit of $10,000.
You might want to ask if your asset is safe with Voyager. The answer is Yes.
It is safe because all your information is protected using standard security protocols, encrypted storage, and secure data transmission – Plaid.
Plaid connects your local bank account with the Voyager app and it uses a tested and trusted bank-level security employed by over 2000 financial institutions in North America to protect your data contained in the Voyager Crypto app.
Finally, we would now look into the Pros and Cons of using the Voyager Crypto app to trade coins.
Pros of Voyager Crypto app
- You can begin trading assets with $10
- It offers Commission-free trading
- You can access over 60 cryptos
- You can earn up to 12% interest for holding assets
- Funding can occur instantly with cash or through crypto transfers.
Cons of Voyager Crypto App
- You cannot exchange coins with other coins
- You cannot secure your assets yourself (Voyager announces that this feature will be activated soon)
- Usage of this app is not available for Newyork residents while there are limitations to international use or support
- It doesn’t have the live phone support feature yet
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