Voyager Crypto Review Here's what we think

Investing with cryptocurrencies requires knowing your options for apps that can help. This Voyager crypto review explains everything to know about the app.

Dean Fankhauser14 min read
Voyager

Our take

4 out of 5 stars

With cryptocurrencies soaring in both value and popularity this past year, everyone is looking to grab a piece of the action. Major cryptocurrencies like Bitcoin and Ethereum touched all-time high prices in 2021, attracting millions of new users to the crypto world. Such was the growth that the current number of crypto users is now over 300 million. Yes, you read it right!

So, this domino effect has led to a situation where millions of users are looking to start investing in crypto assets, and the number is expected to grow even beyond that.  As far as the investment options are considered, there are several that individuals can choose from and begin making crypto investments. However, it's essential to know that not all crypto brokers are the same.

If you are looking to get involved, here is our Voyager Crypto Review, one of the most popular crypto assets investing apps, for you to get started.

What Is Voyager Crypto?

Voyager Crypto is a cryptocurrency broker and crypto investments app that allows individuals a chance to start crypto trading. Released in 2017, the Voyager mobile app has seen its fair share of growth this past year with the massive explosion of interest in the crypto market.

The Voyager app is simple to use and boasts a superior user experience, designed to help make the investment process easier and more accessible to everyone. You can also use the app to generate interest through certain cryptocurrency investments that pay up to 12% APR interest on certain cryptocurrencies.

Through the voyager crypto app, users have access to over 85 different cryptocurrencies.

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How Does Voyager Works?

You can download the Voyager app on ios or Android devices for anyone located in the United States, excluding New York residents. If you live outside of the U.S, the company does have plans on expanding into the Canadian and European markets at some point later this year. The Voyager crypto app is free to download and can be used for commission-free investing in digital currencies.

After downloading the Voyager app, you will have to sign up for a Voyager account and then fund it, and you are ready to get started. The simple sign-up process is a significant advantage over traditional brokers as you can fund your Voyager crypto account and begin investing in minutes. In contrast, traditional brokers can take several days to complete the sign-up process.

After funding the Voyager account, users will have access to various tools and resources designed to help them get started investing with digital currencies. If you are wondering if there is also an official Voyager wallet, then yes there is one. But the Voyager wallet is a custodial one, which means the company holds the private keys to its Voyager users' wallets.

When it comes to withdrawing digital currencies from Voyager, the process is quite easy. First, copy the address of an asset on your external wallet and paste it into the withdrawal section of the asset shown in your Voyager account. Then, enter the amount you wish to withdraw and click on the "Withdraw" button shown and soon, the funds will be in your external wallet. Make sure you check the minimum balance required to withdraw funds.

As for the deposits, Voyager supports both crypto and fiat currencies. The maximum limit for fiat deposits is $5000 and you can fund your Voyager account with deposits from your bank account.

Benefits of Voyager Crypto App

The Voyager app offers several advantages to users that other cryptocurrency brokers don't, which makes it a leading mobile crypto broker. Here are a few:

Commission-Free Fee Structure

One of the most prominent features that Voyager Crypto offers is commission-free trading. The company is capable of providing commission-free crypto trading through its Voyager Smart Order Router. The Smart Order Routing system is intended to give users access to over 12 of the most popular crypto exchanges. The Smart Order Routing works so smoothly that its users even call this feature a Voyager exchange.

According to information on Voyager Crypto's website, the company's Smart Order Routing System takes advantage of price arbitrage opportunities, or differences in quoted prices, in order to get the best possible price for users. They mention that when they can beat the quoted price, they will exploit it and take a portion of the savings.

Essentially, when you save money, the company takes a piece to have the ability to offer commission-free investing. Also, the Voyager app has an intuitive user interface contributing to the positive user experience.

Voyager Connects to Multiple Exchanges

Voyager Crypto is a cryptocurrency broker and has no separate crypto platform called Voyager exchange. It connects with multiple exchanges to provide a host of digital asset options for users. With Voyager, you will be able to make crypto investments and trade all of your favorite cryptocurrencies like:

  • Bitcoin
  • DeFi coins
  • Stablecoins
  • And altcoins

With a wide selection of assets to choose from, users can build and diversify a portfolio constructed of various digital currencies.

Earn up to 10% APR on Voyager App

A unique benefit that Voyager Crypto offers is the ability to earn interest on your crypto holdings. It basically involves holding cryptocurrencies such as BitcoinEthereum and Polkadot can earn users a specified amount of interest.

A few of the popular cryptocurrencies currently being offered in January 2022 included the following:

Earning interest just for holding certain assets can be a significant advantage for investors looking for long-term price appreciation. These rates are subject to change, however, and are updated monthly. Certain limitations may apply - like minimum monthly crypto holdings.

Secured Voyager Account

With any financial broker, security is a critical aspect of the business. Voyager Crypto app is a trusted investing mobile app that has maintained a secure intuitive cryptocurrency investing platform through various safety measures like

  • Two-step verification
  • Encrypted storage solutions

To help prevent fraud, Voyager uses a two-step authentication system when users log in. The added layer of security can make a big difference in protecting your account. According to a 2019 study from Google, two-step verification can help prevent 100% of automated bot attacks.

Voyager also uses an advanced security protocol to store and transfer users' data. The company uses an encrypted Amazon Web Services cloud server when data is being stored. They also use Transport Layer Security (TLS) when transferring data, which utilizes cryptographic protocol to enhance security further and ensure your information is safe while it's being transferred.

Easy to Use Voyager Platform

The company makes the entire investing experience much easier for users to start. The sign-up process is easy, funding your Voyager account is easy, and beginning to invest in cryptocurrencies is also relatively easy.

Voyager's modern platform is designed to make investing in cryptocurrencies easier and more accessible to everyone. Unlike some of Voyager's competition, the mobile investment app allows you to begin investing as soon as your funds clear - there is no holding period.

The interface makes it easy for anyone, not just those with experience using brokerages, to get started investing.

FDIC Insurance

When you have cash held on the platform in U.S dollars, the money is FDIC insured up to $250,000. The Federal Deposit Insurance Corporation (FDIC) is a federal agency that can provide reimbursement to a qualifying institution.

That is great news for users as your money will be protected from fraud, and in case the extreme event of a bank failure occurs, where your bank account stops working. It's important to note that any money invested in cryptocurrencies is not covered under FDIC insurance, only the money that you have saved as cash (U.S dollars).

Advanced Charting Tools

The crypto broker has integrated advanced charting tools and indicators to help users perform technical analysis on the crypto assets before deciding which cryptocurrencies to invest in., which is perfect for advanced traders. Crypto traders can now view and analyze the crypto volume over several time frames, including:

  • 1 hour
  • 1 day
  • 1 week
  • and 1 year

By looking at different time frames, advanced traders can analyze and predict trends before or as they are occurring, not after they are completed. The Voyager Compare feature also allows you to compare two assets next to each other when deciding between multiple cryptocurrencies.

Profit and Loss Calculator

To keep track of your profits and losses, the Voyager app has a built-in profit or loss calculator to show you how your assets are performing. The integrated calculator is designed to track your initial cost basis (the average price it cost to purchase your investments) and will show you in real-time how your positions are performing - are they generating a return, or is it time to look for other investments?

Disadvantages of Voyager

Although the Voyager platform does offer several incredible advantages to using the platform, there are a few things to keep in mind. These include:

Not Currently Available Outside the U.S

Unfortunately, for anyone located outside of the United States, the Voyager platform is not available yet for download. The company has mentioned that they plan to expand its services to Canada and Europe later this year.

The platform is also not currently available in the state of New York though they are working on obtaining a bitlicense as soon as possible. The Voyager mobile app is currently available for download in all U.S states (except New York). It includes U.S territories - Guam, Puerto Rico, American Samoa, Northern Mariana Islands, and the United States Virgin Islands.

Only Available as a Mobile App

Currently, Voyager Crypto is only offered as a mobile app and lacks a desktop version. However, the crypto brokerage has recently released a beta desktop version, suggesting that one is in the works and should be completed sooner rather than later.

The beta version currently offers new features like advanced charting features, technical analysis studies, new crypto trading indicators, real-time pricing data, customization tools, and price alerts.

Voyage Crypto Node Blog

The company also offers users a chance to learn more about cryptocurrencies, investing, and plenty of other helpful educational opportunities.

Stay up to date with the latest in cryptocurrency investing and how the market is performing with regular updates from the team at Voyager Node. They have blog posts that feature a number of different learning opportunities, from guest speakers to how-tos and live updates about the company and its offerings.

They also have a "tags" section if you are looking for specific information about a certain cryptocurrency or investment term, making it easy to find the information you are looking for.

Digital Asset Selection

The Voyager platform currently offers over 85 digital currencies to select from, including:

With all of those digital assets to select from, there's sure to be at least one that you can find and invest in. The company also has plans on expanding the list of available digital assets to trade throughout the rest of the year.

Refer a Friend Program

The crypto broker is currently running a referral promotion for existing users. Once you download the app and sign up for an account, they will give you a distinct code that you can share with friends, family, or anyone else you think might want to join in and start investing with cryptocurrencies.

If one of your invites decides to join and creates an account, you will receive $25 free in bitcoin once they trade a minimum of $100.

Don't think you could get anyone to sign up? Tell them they will also receive the free $25 in bitcoin as an incentive, and they might just reconsider. You can repeat this and earn the bitcoin credit for each person that signs up and trades at least $100. Certain limitations may apply.

Voyager's Competition

Voyager Crypto is one of the most popular cryptocurrency brokers currently available, even with a growing list of competitors. Here's a breakdown of the competition.

  • BlockFi - BlockFi is a close competitor to Voyager, offering similar benefits and features. The investment app also provides an interest rate for holding certain digital assets, providing up to 11% APY, slightly less than that of Voyage. BlockFi also doesn't offer the same large number of offerings that Voyager has. Although BlockFi does have more banking features like a credit card service.
  • Coinbase - Coinbase is another mobile investment platform that shares similar features and abilities as Voyager. Compared with Coinbase, Voyager has much lower trading fees and commissions on investing in cryptocurrencies - Voyager is commission-free, and Coinbase charges around 0.5% - 1% in commission fees. Voyager also offers the ability to earn interest while holding certain digital assets, a feature that Coinbase doesn't offer. You can also invest in a more diverse range of cryptocurrencies on Voyager.
  • Robinhood - Robinhood is a popular investment app that also experienced significant growth this past year with an increased interest in cryptocurrencies and investing. Robinhood makes it easy for users to sign up and get started investing in cryptocurrencies. Unlike Voyager, Robinhood offers users the ability to invest in stocks and other assets. Both Robinhood and Voyager are commission-free and don't charge any trading fees for cryptocurrency trades. Voyager is more geared towards cryptocurrency investing, where Robinhood can be more widely used for stock trading and investing.

What Fees Does Voyager Have?

Voyager Crypto is commission-free when it comes to trading and investing in digital assets, meaning they don't blatantly charge any trading fees for its services. However, the company does make a profit from the spread when executing trades. The investment app utilizes its Smart Order Router to obtain the best prices for users by connecting to over a dozen exchanges. By saving users money, the company also saves money by exploiting the price differential in the spread and taking a piece of the profit.

Is Voyager Crypto Legit?

Yes, Voyager Crypto and its services are completely legitimate. Any cash held in U.S dollars on the platform is backed by the FDIC up to $250,000. The company is based in the United States and was founded in 2017 by Stephen Ehrlich, Gaspard de Dreuzy, Oscar Salazar, Philip Eytan, and Serge Kreiker.

Is it Safe to Invest With Voyager?

Voyager Digital uses a number of safety protocols to assure the safety of the platform's users. Your information stays safe through the entire process through an encrypted transfer protocol and encrypted storage of the information in an offline (cold) server. As previously mentioned, when your money is stored as cash or U.S dollars, the money is insured by the FDIC up to $250,000.

Cryptocurrencies tend to be relatively volatile, meaning they can change in value in a short amount of time. It's crucial to always practice good risk management techniques as some digital assets can be speculative in nature, changing value significantly in a short amount of time.

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Is it Right for You?

For anyone that lives inside the United States (excluding New York for now) looking to get involved and start investing in cryptocurrencies may enjoy the crypto investing app. It's designed with everyone in mind to help those with little crypto knowledge and even those that have been involved with digital assets.

Another factor to consider is the interest rates being offered by Voyager Crypto. The company is offering up to 10% APR interest just for holding certain digital assets.

Summary of Voyager Crypto Review

The Voyager Crypto broker is an excellent investment app for anyone looking to invest in cryptocurrencies or looking for a new broker to transfer to.

The app features a wide range (85+) of digital assets for investors to choose from and invest in, such as bitcoin, ethereum, and dogecoin. Trading and investing in cryptocurrencies is entirely commission-free through the mobile investment app. The only fees that the company charges for are when they can beat the quoted price for a digital asset. They will then take a portion of the difference and leave you with the rest of the savings.

The company's Smart Order Router is one of the best features for the crypto broker as the system can identify the best prices and relay them to the user. Investors can earn interest (up to 10% APY) for investing and holding onto certain cryptocurrencies.

The app comes loaded with educational resources, a live news stream, advanced charting tools, and a built-in profit and loss calculator to help users get started on their crypto investment journey.

Voyager does face some stiff competition from big names like Robinhood and Coinbase. Still, Voyager seems to have made a market for itself with added offers and features like interest earned and asset selection.

The only downside that Voyager has right now is its limited availability outside of the U.S and in New York, though the company does have plans on expanding later this year. Also, the lack of a desktop version can be a dealbreaker for some people, but they are also working on developing one and currently have a test beta version that's live.

Overall the crypto broker offers an excellent service for anyone looking to get involved with cryptocurrencies and start earning a profit. The app is easy to install and sign up for, and you can begin investing as soon as your funds clear.

Further Information on Cryptocurrency Investing Apps

Voyager Crypto is an investment app that has grown this past year substantially with a surging interest in cryptocurrencies and investing. Investing in cryptocurrencies is a great way to earn interest, generate returns, and grab a piece of some of your favorite digital assets. The stemming interest in these digital currencies has led to exciting new developments and is expected to only grow in popularity from here.

If you enjoyed this Voyager Crypto review, check out the rest of our blog to see how the investment app stacks up against the completion in a series of reviews.


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