Voyager Invest is an investment platform that offers two different types of investments to its users. Voyager Gold is a mutual fund trust that invests in a portfolio of stocks. The fund is based on the S&P 500 index. Voyager Gold charges a 0.50% annual management fee (AMF) and 1.50% annual expense ratio (ARE). Voyager Silver is a hedge fund trust. The fund invests in a portfolio of stocks with a high probability of generating a positive return. Voyager Silver charges a 1.50% annual management fee (AMF) and 1.75% annual expense ratio (ARE).
Voyager Invest is a unique cryptocurrency investment app that aims to provide a safe, secure and profitable investment environment. The app is developed by Voyager Capital Ltd . The company has a simple, yet complexVoyager Invest is a cryptocurrency interest account and broker that is perhaps most notable for its commission-free trading and the ability for users to earn interest on their assets. The application is characterized by its simplicity and features the typical functions of a cryptocurrency exchange: a wallet accessible via a mobile app, a basic trading interface and a newsroom. In our next review of Voyager Invest, we will examine the product, the company and the details of the mechanism of Voyager Invest.
Cool Perk #1 Commission-free exchange: How does Voyager offer commission-free transactions? It routes its customers’ cryptocurrency transactions to different exchanges and helps them find the best rates.
Cool Perk #2 Interest account for crypto currency: Interest is automatically added to funds stored in Voyager unless you disable this feature in the application settings. Interest rates are competitive with most cryptocurrency interest bearing account options.
Voyager Invest Summary
The history of Voyager Digital Ltd dates back to 2017, and the Voyager app was launched in 2019. Today, it is considered a good starting point for users of all experience levels, as it allows them to manage their portfolios without having different accounts on different exchanges.
- Voyager helps users buy crypto-currencies from more than a dozen exchanges in its app.
- It allows users to earn to 10% annual returns on over 50cryptocurrencies including BTC, ETH, USDC, LTC, DAI, DODGE and BCH. Users must maintain a minimum balance to receive interest on cryptocurrencies.
- Voyager is available in all US states except New York. It is not yet available internationally.
- Voyager is 100% commission free and only takes a commission if you save money by referring.
- The registration process is surprisingly simple and allows users to begin trading as soon as they receive the wire transfer.
Current registration fee : Receive $25 on a $100 transaction at Voyager Invest.
What makes Voyager Invest unique is that it is a company listed on the Canadian Securities Exchange (CSE) under the symbol VYGR.CN. The company is also registered with FinCen as a money services company and trades on the US OTC markets under the symbol VYGVF.
Voyager Invest is a US regulated public company headquartered in Jersey City, New Jersey.
Voyager’s founding team has decades of experience in brokerage, investment and market structure.
The founder and CEO is Stephen Elrich, who also founded the brokerage company Lightspeed Financial.
The other board members are Philippe Eitan, Gaspard de Drewsi and Oscar Salazar, the trio who co-founded Pager, a digital solution for healthcare.
CEO Stephen Elrich has held senior positions in the financial industry for decades. He was CEO of E*TRADE Professional Trading, a Morgan Stanley brokerage platform subsidiary, for seven years and CEO of Lightspeed Financial, an electronic commerce company, for over six years.
Chairman Philip Eitan worked at Morgan Stanly as an M&A analyst in the telecommunications industry. He was also a director and founding investor in Socure, a digital identity and fraud monitoring service, and Pager.
Chairman Gaspar de Drewsi is co-founder and president of Pager. He was also co-founder and CEO of Kapitall, an online stockbroker that offers video game-like trading tools and free practice accounts for novice investors.
Oscar Salazar, best known as CTO and co-founder of Uber, brings his expertise in customer experience development to advise the Voyager team. He is also the co-founder and CTO of Pager.
Voyager Investment financing: How much has been collected?
Voyager has raised more than $100.1 million in four funding rounds, including $110.5 million in Series C in October 2023 and $100 million in Series D in February 2023.
Voyager is a publicly traded company, whose shares are listed under the symbol CNSX : VYGR. Their shares opened for an IPO on the 11th. February 2019 at $0.95, and early investors include Streamlined Capital and Stifel Financial Corp.
Voyager Invest – Overview and interest rates
A distinct advantage of Voyager over other brokers is that it does not charge commissions. Whether users want to buy or sell their cryptocurrency, they only pay the price set for that transaction.
However, if Voyager manages to get a better price than the one on the list, it will keep a small percentage of the savings and send you the rest.
Voyager uses a method called Smart Order Routing to take advantage of price differences between over 12 partner exchanges to ensure the best possible rate for your transaction.
Receive $25 when you sign up and exchange $100 at Voyager Invest.
The Voyager stockbroker supports more than 50 cryptocurrencies.
When you transfer money to your Voyager wallet, you automatically receive interest on that balance. Voyager offers up to 10% APY on 20+ tokens, which is slightly lower than popular interest offers like Celsius and slightly higher than BlockFi.
To encourage the use of its own VGX token, Voyager is offering higher annual interest rates to users who prefer to receive their interest in VGX. This feature is not available in the United States.
Unlike many other crypto-currency interest account providers, Voyager requires users to have a minimum monthly balance of each token in their wallet to earn interest. These prices vary and change regularly.
In total, you can earn up to 9% APY on stablecoins, up to 6.25% BTC with a minimum balance of 0.01BTC and up to 5.25% APY on ETH with a minimum balance of 0.05%.
How to subscribe to Voyager Invest + shares
Voyager has greatly simplified the account creation and verification process compared to most other cryptocurrency brokers that require a complicated registration and verification process before users sign up to the exchange.
The whole process can take just a few minutes. Once you’ve registered and provided basic information, you can link your payment method, fund your account and start trading as soon as your transfer is complete.
The Voyager application has an integrated and constantly updated Krypton news feed and a profit and loss calculator. Users have access to up-to-date information on market movements in cryptocurrencies and wallet balances, gains and losses over time. This feature is useful if you have a lot of assets, as the P&L tool helps you understand which chips are doing well and which are not.
Overall, the Voyager Mobile App is a well designed product. However, if you prefer to manage your investments from your laptop, you’re out of luck – Voyager hasn’t released a desktop version yet. At the time of writing,his service was only available on mobile, which is still very convenient for trading on the go. However, Voyager is only available in the US and is valid in all US states except New York.
One more point: Voyager does not currently support crypto-currency exchanges. You can only buy cryptocurrencies for fiat, and you can only convert your cryptocurrencies into fiat, not another currency.
So, if you want to sell some of your LTCs for ETH, you need to convert the LTCs to US dollars and then send a request to buy ETH. However, Voyager allows you to transfer cryptocurrencies to external wallets.
How does Voyager Invest make money?
Like most cryptocurrency interest account services, Voyager makes money by receiving loans at a certain interest rate (the rate it offers you), and then using this as capital to lend to lending companies at higher rates.
Second, Voyager makes money from transactions initiated by its users. If Voyager can determine the best exchange rate for a particular transaction that it showed the user in the initial offer, it will receive a percentage of the savings for that order. The remaining amount will be sent to the user.
Are your funds safe with Voyager Invest?
You probably want to make sure that all your belongings are safe in Voyager. Since cryptocurrencies cannot be insured by the FDIC, your money will never be completely risk-free. Nevertheless, Voyager has taken some steps to mitigate this risk.
Voyager uses 2FA and encryption according to industry standards and other security rules to ensure the protection of the users of its platform. However, in December 2023, the server of the Voyager domain name system was hacked. When the company became aware of the security breach, it forcibly took the system offline to protect its customers. According to Voyager, no assets or customer data were compromised in this attack.
How are your possessions protected?
Voyager’s partner bank insures all U.S. dollars it holds up to $250,000. However, your cryptocurrency is not insured by the FDIC or SDIC. Voyager is a licensed and regulated public company in the United States and is audited regularly.
Voyager uses a range of vaults to protect users’ assets, including Fireblocks and Ledger Vault. These custodians combine best practices in security, insurance for storing cryptocurrencies in physical and hot wallets.
By April 2023, Voyager had over $3.3 billion in assets under management.
VGX and the Voyagerloyalty program
VGX is the specific token for the Voyager platform. Voyager uses it to reward its users. These rewards can include higher interest rates (on VGX and tokens), cashback rewards and more.
- Importance of VGX: All VGX tokens you hold on Voyager will automatically earn 7% annual interest for the first year. Holders then have the opportunity to vote on future returns.
- Cashback Rewards: If Voyager’s smart order router manages to get a price increase, users will get double or triple the price increase that customers normally get, depending on their loyalty level. This remuneration is paid in VGX.
- Rewards for friends: Voyager offers a sign-up bonus and a $25 referral bonus for a new referred user when a new user makes a transaction of $100 or more. Depending on your loyalty level, you can receive up to $40 for each person you refer on the Voyager app. The recruited person receives the reward in VGX and the new user receives the reward in BTC.
Voyager offers many other benefits to users of its VGX token:
A frequently asked questions section is available in the application and on the Voyager website. The platform does not offer real-time telephone support. To contact Voyager, create a support ticket in the Help section of the application.
Final thoughts: Is Voyager Invest legal?
Voyager offers an attractive combination of services. The interest rates on its cryptocurrency interest accounts are competitive with Celsius and BlockFi, but the product has a few extra hurdles to overcome, such as owning a certain number of VGX tokens.
A smart order router allows you to make good deals and beat many exchanges at their own game.
While the platform and depository are relatively secure, Voyager offers loans based on your assets, which is not without risk.
Voyager plans to launch a cryptocurrency debit card in the future that will allow users to make purchases with their funds. The company also plans to launch a desktop version of its platform.
The features and tokens are similar to a platform like Crypto.com, but with a simpler and more refined user experience.
According to our analysis, Voyager does not appear to be any riskier than other cryptocurrency interest account providers.
The brokerage function is a valuable feature for users who do not wish to manage multiple accounts on the exchanges. We appreciate the integrated functions for income statement and reporting. Voyager seems to be on an upward trend as the platform becomes better known and its value increases.
Voyager is also working on obtaining an operating license that will allow it to operate in New York and internationally.
Voyager Invest Alternatives
BlockFi is a great choice for you if you are located outside the US. It is international and available in all states of the USA except New York. BlockFi offers a cryptocurrency exchange, an interest-bearing account, and cryptocurrency collateralized loans (i.e., you can use your assets as collateral for a loan). The BlockGi platform supports more than 15 tokens and employs industry best security practices. Read our review of BlockFi.
Robinhood is a good choice if you want to trade the cryptocurrency alongside otherstocks. The portfolio platform is very beginner friendly and allows you to trade BTC, ETH and five other cryptocurrencies as well as stocks without commission.
Earn up to 9% APY
Your Voyager Invest account balance can earn interest on 30+ coins when you reach the minimum balance for each coin. Interest rates fluctuate, but Voyager claims users can earn up to 9% annual returns on stablecoins like USDC, 5.75% on bitcoin, 4.6% on ETH, 3% on AAVE and 4.5% on LINK.
The interest is calculated monthly and increases daily. The average monthly balance of the specific coins on which interest is calculated should be equal to the minimum amount of interest for that month. You will receive interest on all eligible assets in your account, whether you purchased them on the Voyager platform or funded your account through an external portfolio.
What can be improved
You cannot make transactions between rooms: Users can only exchange coins for cash, although Voyager Invest claims to be working on a coin exchange system.
Receive $25 when you sign up and exchange $100 at Voyager Invest.
Frequently Asked Questions
Is Voyager crypto a good investment?
Voyager is a good investment. Voyager has a bright future ahead of it and will likely be one of the most popular cryptocurrencies in the near future.
Is Voyager a good investing app?
Voyager is a good app for investing in the stock market.
Is Voyager better than Coinbase?
Voyager is a cryptocurrency exchange that offers trading in Bitcoin, Ethereum, and Litecoin. It also offers margin trading for these cryptocurrencies. Coinbase is a cryptocurrency exchange that offers trading in Bitcoin, Ethereum, and Litecoin. It also offers margin trading for these cryptocurrencies. Voyager is better than Coinbase because it offers margin trading for Bitcoin, Ethereum, and Litecoin.
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