Is Voyager Crypto Safe? Detailed Review On Voyager [2021]

Voyager is a cryptocurrency investing app available for both Android and iOS. In 2021, you will find various apps like this, but the main problem with these mobile crypto brokers is that they take commissions. Some broker apps are also not trusted.

As compared to other apps, it is a commission-free app. Is voyager crypto safe or not is the question most people want to know the answer to. Generally, it is the best place to invest in a cryptocurrency that provides you the opportunity to invest in 50 currencies.

In this article, we will explain everything about the application. Decide whether Voyager is the right choice for you or not by learning its pros and cons, the benefits, and different ways to invest with it. So, without any further delay, let’s jump into the article.

Is Voyager Crypto Safe: Overview

It is the mobile crypto broker application that allows you to invest in different cryptocurrencies. You can buy and sell cryptocurrencies using your smartphone and this application. The best part is that it is available on both operating systems Android and iOS.

If we talk about the primary benefit of using this mobile crypto broker compared to others, you don’t need to pay commission. The next thing that you should notice, it is the only broker app that allows you to make an interest in the investment of your cryptocurrencies.

Voyager Review

If you are a beginner or an intermediate trader, this mobile crypto broker application is ideal. It allows easy access to various cryptocurrencies. For this, you don’t need multiple accounts because anyone can do this with only a single account.

Pros

  • It provides access to more than 50 cryptocurrencies like Bitcoin, Dogecoin and others.
  • You can easily earn interest if you hold your cryptocurrencies.
  • On different assets, you will get 9% APY.
  • An automatic buying system is present.
  • You don’t have to pay a commission because it is a commission-free application.
  • It comes with a user-friendly interface.

Cons

  • The verification process is lengthy.
  • You don’t have permission to make coin-to-coin trades.

Benefits of Voyager

Using the Voyager broker application, you will get many more benefits than other mobile crypto broker applications. Like multiple exchanges using a single account, don’t pay commission, etc. Please take a look at all the features we are going to discuss.

Multiple Exchanges

As we mentioned above, the Voyager is a broker application. That’s why it allows you to trade in more than 50 cryptocurrencies. For this, it also connects with multiple exchanges. It means it is easy to build various portfolios for the assets without creating multiple accounts.

We all know that when we buy or sell, then at that time, we always choose the currency that we want, but the main thing is that we don’t select the exchange. If you are using the Voyager application, checking your portfolio and each asset’s performance is easy.

Earn Up to 9% APY

We want to discuss the following benefit: earn interest on various coins if you meet the minimum balance requirement. According to its policy, you can earn up to 9% APY on every stable coin like Bitcoin, USDC, etc.

You can earn interest on a daily and monthly basis. But for the eligible coin that provides interest, you need to meet the minimum balance requirement. If this requirement is fulfilled, you can earn monthly interest; whether you purchased the eligible coin from Voyager or not.

Automatic Buying

The best thing for you is the automatic buying option. If you are busy and want to buy a coin, it is possible with this option. For this, put your asset on the autopilot option with the use of setting up the schedule. After this, you have to connect your external bank account.

By setting up a schedule, the Voyager application will automatically purchase coins. After purchasing, the crypto will remain in the account, and it might be possible that this asset will earn interest.

Is Voyager Right For You?

Decide by considering the below conditions whether Voyager is the right option for you or not. So, check these conditions and decide.

  • If you are from the United States, then it is the right option for you.
  • It is the ideal app if you have experience in trading.
  • Access various cryptocurrencies from a single account.

Compare Voyager

Other than the Voyager broker application, two other broker applications are also famous. One is Gemini and the second is Kraken. Now, we are going to compare this app with both these applications. After this, it is up to you to decide which application suits you.

Gemini

If we talk about the minimum investment of Voyager, then it is 10$, but compared to this, the minimum investment for Gemini is 0$. Other than this, it is a commission-free application, but if you want to use Gemini, then you have to pay a $0.99-$2.99 commission fee.

Kraken

If we compare Kraken with Voyager, the minimum investment depends on the cryptocurrency. The commission fee is 0% to 0.26%, but the most fantastic feature of Kraken is that it gives you access to future trading. You can’t find this feature in the other two applications.

Ways to Invest Using Voyager

This mobile broker app connects with a dozen exchanges. That’s why anyone can easily trade in more than 50 cryptocurrencies. But the main question is how to invest through Voyager? So, let us explain it to you. Best ways to invest with the help of Voyager include:

Cryptocurrency

If you want to trade cryptocurrency via Voyager, then the minimum investment is 10$. But remember that it is a mobile broker and not an exchange. For trade, it connects with various exchanges. It means that Voyager will decide where to execute.

Voyager Interest Program

One more way to earn interest is through the process of holding your assets. Voyager calculates the interest using the daily holding amount and then pays the interest every month. The rates of interest are different for the different assets like:

  • If you have $100, then you will be 9%.
  • For 0.01 Bitcoin, it is 5.57%.
  • If you have 0.5 Ethereum, then the interest is 4.6%.
  • For the 1000 dogecoin, the interest is 2%.

Institutional Investing

If you are in search of institutional investing with the cryptocurrency, then Voyage provides you different options like:

Execution Platform

The Voyager execution platform uses the Smart Order Router. It provides excellent prices and order execution to its institutional clients.

Liquidity Network

The Company offers you complete access to crypto exchange and liquidity networks and OTC desks. With the help of these networks, you can easily trade multiple cryptos using a single account.

Educational Resources

The Voyager broker application also contains some educational sections. It is mainly for beginners; this app provides all crypto news and contains few blog posts on crypto. But for newcomers, it doesn’t offer too much. For the video tutorial, check the Gemini and eToro.

Frequently Asked Questions (FAQs)

Is Voyager crypto legit?

Yes, the Voyager mobile crypto broker app is legit. This application is the best choice that provides you the opportunity to trade in more than 50 cryptocurrencies. This broker app is ideal for different institutions if they need the custodial crypto and order execution services.

Is Voyager safe to hold crypto?

According to the Voyager trading reviews, this app is safe. This mobile broker application allows you to trade in various cryptocurrencies. Also, you can easily earn interest in cryptocurrencies.

Has Voyager been hacked?

Yes, this application is the latest victim of hackers. After the cyber-attack, the Company closed the system to secure all the information of customers. The Company said that after the complete inspection, they would provide details about the attack.

Can you trust Voyager?

Yes, you can trust this app because it is a legit application. This app makes it easy to buy and sell crypto without any commission and can earn interest on different assets.

Does Voyager have hidden fees?

According to Company, it is a commission-free application, but the reality is it contains hidden fees from 0.01% to 0.5% on various coins. Voyager selling fees for the big coins are low, and for the smaller coins, it is high. So, it means it is not a commission-free application.

Which is safer, Coinbase or Voyager?

Both are safe and legit, but in our opinion, this app is more safe and legit. If you want to select one of these two, we recommend choosing the Voyager mobile broker application compared to the Coinbase.

Conclusion: Is Voyager Crypto Safe

It doesn’t matter if you are a beginner in investing in cryptocurrency or an experienced person. We recommend Voyager because it is the best mobile crypto broker and contains a wide variety of cryptocurrencies. You can use this application for big and small projects.After reading the whole article, we hope you know the answer to your question, “is voyager crypto safe?” If you still have any queries, ask in the comment section.