Voyager is a crypto trading app for Android and iOS. It has become one of the most popular names in the sphere of crypto investment because of its ease of use and accessibility.
However, Voyager is one of those platforms that have received a variety of reviews, both great and terrible ones. In this review, we want to unpack the pros and cons of the Voyager App and understand whether it is worth your time.
Voyager, the App
Voyager originally started in 2018 as an institutional trading service. Later on, in January 2019, the Voyager app came into being and has been growing steadily since then.
What sets it apart from several other trading apps is the sheer number of cryptocurrencies you can exchange. Moreover, it even offers an APY (Annual Percentage Yield) up to as high as 9% on certain assets.
Voyager falls on a simpler and more traditional side than other platforms. With Voyager, on one hand you get the decentralized aspect of cryptocurrencies i.e. the independence from the intervention of a central authority or a middleman. On the other, you still get to stick to classic and simpler ways of trading.
If you are someone who has been trading for a while and tired of centralized finance, which fails to provide as much security and profits as crypto, you will surely like Voyager. However, anyone interested in a wide selection of supported projects and crypto investments will find it useful.
How Voyager Works
Firstly, you register into the app using your details; the registration process is made way easier and doesn’t require KYL or AML. Then you connect your bank account through their partner Plaid. You can also fund your account using crypto. Simply deposit the tokens into the deposit address generated through the app.
The home screen of the app will show you the market space with all the cryptocurrencies available to trade, along with all the essential data such as trading volume, price and market cap. All you have to do now is trade.
I’m inviting you to start investing in crypto with Voyager. Download the app and trade $100 to get $25 of free Bitcoin.
Voyager Perks
1) Trade with over 50 currencies: You can use one account to build a diverse range of crypto assets and manage your transactions. It supports currencies like Bitcoin, Ethereum, Litecoin and even Dogecoin.
2) No added fees: Unlike several trading platforms, Voyager does not charge any extra fees or commissions for trading. It simply takes a small portion of the spread, which does not come from the investor’s profits.
3) Smart Order Routing: The Smart Order Routing engine is the reason why Voyager does not require extra fees. This efficient engine connects with 12 of the largest global crypto exchanges to find you the best exchange rate every time. It also increases liquidity, gives better spreads and allows smoother entry or exit of positions.
4) Easy-to-use features:
- Simple order placements: You can place orders on Voyager simply by entering your information, swiping up and waiting for the order to be completed.
- Easy sign-ups: Unlike complex registrations that require KYC or AML methods, Voyager has made the process as swift as possible. This makes it accessible to a larger number of users.
- Automatic Purchases: You can set up recurring buys for individual coins, which makes your crypto investments automatic. Connect an external bank account and Voyager buys the coin of your choice on the schedule you set.
What Can and Should Be Improved
1) No coin-to-coin trades: As of now, one can only trade crypto coins for US dollars. In order to trade on this app, you have to connect your account to an external bank account.
2) Slow Process: The app is slower than some others when it comes to processing bank transfers. Therefore, you can trade freely on the app, but withdrawing the money can take a while.
3) Service: The app might not be preferred by some since it does not have a desktop platform. And lastly, there are limited ways of contacting the customer service team, which might be an issue for many users.
Getting Started
Voyager is more traditional than other crypto trading apps. But it has a wide array of altcoins available, even the ones that might not be very easy accessible to US traders.
They do have certain flaws that can be looked into. However, if you are a long-term investor or trader, and want a user-friendly, simple trading app Voyager will prove to be extremely useful.
I’m inviting you to start investing in crypto with Voyager. Download the app and trade $100 to get $25 of free Bitcoin.
Thanks for reading!
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