Voyager Invest is a crypto passion narrative and dealer, per chance most notable its commission-free trading and its capacity for users to effect passion on their holdings. The app excels in its simplicity and has the normal cryptocurrency change functions: a pockets accessible by mobile app, a widespread change interface, and a newsroom. The following Voyager Invest review will detect the Voyager Invest product, company, and in-depth data on its mechanics.
Chilly Perk #1 Commission-Free Trading: So, how does Voyager supply commission-free trading? It routes its customers’ crypto transactions to varied exchanges, helping to search out the most exciting charges.
Chilly Perk #2 Cryptocurrency Hobby Story: Funds you preserve in Voyager robotically effect passion unless you opt-out within the app settings. Its charges are aggressive with most cryptocurrency passion narrative choices.
Voyager Invest Immediate Abstract
Voyager Digital Ltd. traces its origins to 2017, and the Voyager app went dwell in 2019. This day, it is miles believed of as a upright entry level for users of all experience levels, allowing them to administer their portfolios with out working utterly different accounts with varied exchanges.
- Voyager helps users engage cryptocurrencies from over a dozen exchanges within its app.
- It permits users to effect as a lot as 10% APY on 50+ cryptocurrencies, including BTC, ETH, USDC, LTC, DAI, DODGE, and BCH. Users must rob a minimal steadiness to qualify for crypto passion.
- Voyager is accessible in all states within the US, apart from Novel York. It is now not but accessible internationally.
- Voyager is “100% commission-free” and completely accepts costs when it saves you cash whereas brokering.
- It has a remarkably straight forward signup job and permits users to originate up trading as soon as their transfers sure.
Present Signal-Up Bonus: Bag $25 when trading $100 on Voyager Invest.
Voyager Invest is authentic in that it is miles a publically traded company, listed on the Canadian Stock Commerce (CSE) under the emblem VYGR.CN. It is additionally a FinCen registered Cash Services Industry, and it trades in US OTC markets under the emblem VYGVF.
Voyager Invest is a US-regulated public company essentially based fully mostly in Jersey City, Novel Jersey.
Voyager’s founding crew has a long time of experience in brokerage, investment, and market boost.
Its Founder and CEO is Stephen Ehlrich, who additionally founded dealer-dealer Lightspeed Monetary.
The remaining of the C-suite involves Phillip Eytan, Gaspard de Dreuzy, and Oscar Salazar, the trio who co-founded Pager: a digital healthcare resolution.
CEO Stephen Ehlrich has worked in government roles within the finance change for a long time. He spent seven years because the CEO of E*TRADE Expert Trading, a brokerage platform, Morgan Stanley subsidiary, and over six years because the CEO of Lightspeed Monetary, an electronic trading company.
Chairman Phillip Eytan worked with Morgan Stanly as a Telecom M&A Analyst. He additionally served as a director and founding investor with Socure, digital identification and fraud verifying carrier, and Pager.
President Gaspard de Dreuzy is a co-founder and the president of Pager and became the co-founder and CEO of Kapitall, an on-line stockbroker with on-line sport-like trading tools, and free be conscious accounts for beginner investors.
Extra popularly is named the Founding CTO and co-founding father of Uber, Oscar Salazar brings his experience constructing consumer-driven experiences to characterize the Voyager crew. He’s additionally a co-founder and the CTO of Pager.
Voyager Invest Funding: How valuable Has it Raised?
Voyager has raised over $100.1M in four funding rounds, comprising $110.5K all the plan through its Sequence C in October 2020 and 100M in a Sequence D in February 2021.
Voyager is a publicly-traded company registered under the pricetag CNSX: VYGR. Their stock opened with $0.95 in its Feb 11, 2019, IPO, and its early investors consist of Streamlined Capital and Stifel Monetary Corp.
Voyager Invest Overview and Hobby Charges
One distinct advantage Voyager has over utterly different dealer choices is that it charges no commission. Whether or now not users would actually like to agree with interaction or sell their cryptocurrency, they’ll completely pay the value quoted for that transaction.
Alternatively, if Voyager manages to dealer a deal better than the quoted value, they’ll preserve a shrimp share of the saved amount and send the leisure to you.
Voyager uses a plan coined “Dapper Impart Routing” to rob advantage of pricing disparities between its 12+ partnered exchanges, getting you the most exciting fee for your change.
The Voyager dealer helps over 50 cryptocurrencies.
Within the occasion you transfer funds into your Voyager pockets, you robotically originate up earning passion on those funds. Voyager affords as a lot as 10% APY on 20+ tokens, a runt now not as a lot as standard passion offerings like Celsius and a runt more than BlockFi.
To relief the exhaust of its in-dwelling token VGX, Voyager affords bigger APY charges to users who opt to salvage their passion in VGX. This feature is now not accessible within the US.
Unlike many crypto passion narrative companies, Voyager requires users to agree with a minimal month-to-month steadiness of every token held in their wallets to effect passion. These charges differ and are changed normally.
On the total, you would possibly effect as a lot as 9% APY on stablecoins, as a lot as 6.25% on BTC with a minimal steadiness of 0.01BTC, and as a lot as 5.25% APY on ETH with on the least 0.05%.
Uncomplicated programs to Signal Up for Voyager Invest + Promotions
Voyager simplified its narrative introduction and verification considerably when in contrast to most utterly different cryptocurrency brokers, who require a elaborate signup and verification job earlier than connecting users to the market.
The entire job can rob completely just a few minutes. When you signal up and submit some widespread data, you would possibly hyperlink a payment plan, fund your narrative, and originate trading as soon as your transfer goes through.
Voyager’s app has an in-built, constantly refreshing crypto recordsdata feed, and a earnings-and-loss calculator. Users agree with uncover admission to to up-to-date data on the cryptocurrency market actions and portfolio balances, earnings, and losses over time. This feature is useful whereas you agree with got many property, because the earnings and loss instrument can allow you’re employed out which tokens are doing successfully and which aren’t.
Total, Voyager’s mobile app is a successfully-belief-out product. Alternatively, whereas you inform managing your investments out of your computer, you’re out of success– Voyager has but to begin a desktop model. Its carrier is accessible completely on mobile on the time of this writing, which is aloof rather valuable for trading on the trot. Alternatively, Voyager is totally accessible within the US and operates in all US states but in Novel York.
One other thing to original is that Voyager doesn’t beef up trading between cryptocurrencies right this moment. It is likely you’ll well completely rob crypto with fiat, and you would possibly completely convert your crypto to fiat, now not a definite coin.
So, whereas you’d like to sell just a few of your LTC for ETH, you’d agree with to convert the LTC to USD, then send in a engage assign a question to for ETH. Alternatively, Voyager does let you transfer your crypto to external wallets.
How Does Voyager Invest Make Cash?
Cherish most crypto passion narrative products and services, Voyager makes cash by taking loans at a specific fee (the passion it affords you with) after which the exhaust of it as capital to present loans at bigger charges to company debtors.
Secondly, Voyager makes cash on trades initiated by its users. If Voyager can uncover an even bigger change fee for a given transaction that it has confirmed its consumer within the long-established value quote, it makes a share of the financial savings on that designate. The leisure of the funds is dispensed to the patron.
Is Your Crypto Proper With Voyager Invest?
You’re per chance barely drawn to constructing definite any property you would possibly fair preserve in Voyager are safe. It’s value noting that as crypto can now not be FDIC insured, your funds are never fully threat-free. Alternatively, listed below are some steps Voyager takes to support mitigate that threat.
Voyager uses 2FA and change-standard encryption and utterly different security rules to verify that users of its platform are stable. Alternatively, Voyager’s arena title system server became hacked in December 2020. When it noticed the breach, the corporate forcefully took the system offline to stable its customers. In preserving with Voyager, no funds or consumer recordsdata were compromised all the plan during the assault.
How are your property stable?
Voyager’s partner bank insures all USD in its custody as a lot as $250,000. Despite this, your crypto is now not FDIC or SDIC insured. Voyager is a licensed and regulated public company within the US and undergoes standard audits.
Voyager uses numerous custodians to protect its consumer’s property, including Fireblocks and Ledger Vault. These custodians combine security simplest practices, insurance coverage to store crypto in hardware and sizzling wallets.
In April 2021, Voyager exceeded $3.3 billion value of property under its management.
VGX and the Voyager Loyalty Program
VGX is the native, proprietary token of the Voyager platform. Voyager uses it to reward its users. These rewards can consist of earning bigger passion charges (on VGX and tokens), cashback rewards, and more.
- VGX Hobby: All VGX Tokens you preserve on Voyager will robotically effect 7% APY for the first 365 days. After that, holders designate the capacity to vote on future yield charges.
- Cashback Rewards: When Voyager’s dapper define router can lift out a value development, users salvage 2x or 3x the value development in general given to customers, counting on their loyalty tier. This reward is paid out in VGX.
- Refer-a-Just appropriate friend Rewards: Voyager has a signal-up and referral bonus of $25 for the referrer and the original consumer when the original consumer makes a change of $100 or more. Hoping for your loyalty tier, you would possibly salvage as a lot as $40 for every person you consult with the Voyager app. The referrer will salvage rewards in VGX, whereas the original consumer will salvage their reward in BTC.
Voyager has many more perks for users of its VGX token:
The successfully-maintained Voyager FAQ fragment is accessible by its app and web dwelling. The platform does now not supply dwell cell phone beef up. To contact Voyager, effect a beef up value within the “Again” fragment of the app.
Final Tips: Is Voyager Invest Legit?
Voyager affords an graceful combine of products and services. Its cryptocurrency passion narrative charges are aggressive to Celsius and BlockFi, but the product has just a few more hoops to leap through, such because the retaining of a specific quantity of the VGX token.
The dapper define router helps uncover gigantic deals for trades, which beats many exchanges at their dangle sport.
Even supposing its platform and custodian are rather safe, Voyager affords loans the exhaust of your property, which is now not threat-free.
In some unspecified time in the future, Voyager intends to begin a crypto debit card that can allow users to make purchases the exhaust of their holdings. It additionally wants to begin a desktop-accessible model of its platform.
The cease result of functions and tokens is analogous to the Crypto.com form platform, but with a less difficult and more sophisticated consumer experience.
From our diagnosis, Voyager doesn’t seem inherently riskier than any utterly different crypto passion narrative supplier.
Its brokering feature is a treasured bit for users who inform now not to administer more than one accounts with exchanges. We like its in-built earnings-and-loss and recordsdata functions, and Voyager appears to be on an upward trend as its platform positive aspects notability and its valuation grows.
Voyager is additionally engaged on getting a Bitlicense, which is able to allow it to feature within Novel York and internationally.
Voyager Invest That you would possibly factor in decisions: Varied Crypto Hobby and Commerce Platforms
BlockFi is an shapely decision for you whereas you’re start air the US. It’s accessible internationally and in all US states but Novel York. BlockFi affords a crypto change, passion narrative, and crypto-backed loans (which attain you would possibly exhaust your holdings as collateral for a loan). BlockGi’s platform helps over 15 tokens and uses change-leading security practices. Read our BlockFi Overview.
Robinhood is a upright decision whereas you need to to change crypto alongside utterly different stocks. Its portfolio platform is extremely beginner-pleasant and permits you to interchange BTC, ETH, and 5 utterly different cryptocurrencies alongside your stock, commission-free.
Include As a lot as 9% APY
Resources for your Voyager Invest narrative can effect passion on 30+ coins whereas you meet the minimal steadiness for every. Charges fluctuate, but Voyager claims users can effect as a lot as 9% APY on stablecoins like USDC, 5.75% on Bitcoin, 4.6% on ETH, 3% on AAVE, and 4.5% on LINK.
Hobby compounds month-to-month and accrues day after day. The widespread month-to-month steadiness for specific coins able to earning passion must meet a minimal to effect the passion for that month. You’ll effect passion on any licensed property for your narrative, whether you purchased them on the Voyager platform or deposited them from an external pockets.
What Will likely be Improved
It is likely you’ll well’t habits coin-to-coin trades: Users can completely change coins to fiat. Voyager Invest claims it’s engaged on crypto to crypto trading.