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Voyager Review: Pros, Cons (Free Bitcoin Sign-up Bonus)

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The Bottom Line: Voyager app is a cryptocurrency broker that allows retail and institutional investors to buy, sell, and trade various digital assets.

While there’s nothing unique about brokerage firms that specialize in cryptocurrency, Voyager stands out from its competitors thanks to its simple and well-designed app.

Voyager Logo

Our Partner

Best Crypto Broker

AT A GLANCE

  • Earn up to 10% interest
  • Commission-free trades
  • 50+ cryptos
  • Awesome rewards program

Overall Rating


Average review rating 4.5/5 on Apple app sore

Pros & Cons

All crypto exchanges and trading platforms come with their own distinct advantages and disadvantages. Here are a few of Voyager’s:

Pros

  • Commission-free trading
  • Up to 10% interest APR
  • Wide range of valuable assets to choose from
  • Advanced security

Cons

  • The company takes up to 0.3% per order on spread
  • Not available outside the U.S. (or even in New York)

Unless you’re an expert in the pseudo-underground world of cryptocurrency, you might not have heard of the crypto broker Voyager crypto, even though the company has been around since 1993.

Due to recent developments in the online financial sphere, Voyager has seen an unprecedented surge in popularity and market share. That’s good news for investors.

Those who are new to crypto or web-based investing more broadly will undoubtedly have questions about Voyager and how they stack up to other brokers filling the same niche.

Are they a reputable outfit? What kinds of services do they offer their users? What are the costs associated with using Voyager? What are the risks?

This snapshot Voyager Digital review will answer those burning questions and arm you with the intel you need to make an informed decision about whether or not the service is a good fit for your financial goals.

Voyager Digital icon

Quick Summary

Minimum Deposit: $0

Crypto Trades: $0

Promotion: Trade $100 to get $25 of free Bitcoin

What Is the Voyager App?

Voyager’s objective is to provide thrifty traders with a cohesive, accessible platform for dealing in digital assets of all kinds. They do this through their self-titled app, enabling users to browse, evaluate, purchase, and exchange a wide range of assets, all from one convenient hub.

The Voyager app is characterized by simple, intuitive design elements and comes with a refreshingly shallow learning curve. Even first-time users should be able to dive right in and begin speculating more or less immediately with minimal difficulty.

At present, the mobile-only app is available to both iOS and Android users in 49 of 50 U.S. states (sorry, New York residents) and can be downloaded via the Apple App Store or Google Play Store.

What Do They Offer?

Voyager Crypto Services

In addition to performing standard brokerage and trade supervision duties, Voyager is most notable for its inviting, user-forward format, which un-complicates the trading process and rewards investors for their activity.

The app hosts an impressive selection of more than 50 major cryptocurrencies. You’ll find all the most traded currencies up for grabs (BTC, DOT, USDT, XLM, etc.), as well as a few coins and tokens that are either exclusive (VGX) or tough to come by elsewhere.

With Voyager, you have the opportunity to earn up to 10% APR interest on the coins you purchase simply by letting them sit in your wallet. That’s not as much as some other services, such as Celsius, but it’s still a solid rate for doing nothing.

Comparing prices and placing orders is also virtually effortless thanks to Voyager’s Smart Order Routing system.

Once you’ve got your financial info on file, all it takes is a couple of taps to complete a purchase.

Fee Breakdown

Perhaps Voyager’s biggest claim to fame is its front-page promise that it doesn’t charge commission fees on transactions conducted through its app.

Though it’s true that Voyager doesn’t impose commission fees, this policy is more of a marketing ploy than an act of selfless generosity. The company still makes money off their users, just in a roundabout way.

Anytime you place an order through Voyager, the average price is shown for the asset you’ve got your eye on. This is the price you agree to pay, but it’s not the actual market value of the asset.

The app’s Smart Order Routing system automatically runs your order through multiple exchanges to get you the lowest price possible. Upon finalizing the purchase, the company pockets the difference between the actual and advertised prices, known as the “spread.”

Voyager typically skims around 0.3% per transaction on the spread. This may not sound like a lot, but it means you’re not saving as much as you think.

That said, the company is above-board about how they turn a profit and doesn’t leverage any hidden auxiliary fees. The only other cost users will encounter is a modest flat fee for withdrawing currency to an external wallet.

Voyager Crypto Bonus Offer

Right now, new and current users can take advantage of the $25 sign-up bonus being offered as part of Voyager’s Refer-a-Friend program.

Simply create an account and enter the unique reward code you received from the person who pointed you to the app. If you already have an account, be sure to share your reward code or sign-up link with anyone you know who’s thinking about joining.

Both users will bank $25 BTC after the new user has made trades totaling USD $100.

FAQ'S

Still uncertain whether Voyager is worth tying up your time and money in? Check out these answers for some of the most commonly-asked questions about the platform.

Is Voyager Safe to Use?

The Voyager app itself boasts a secure infrastructure and advanced hacking and fraud protection. Most of the risk involved comes from the actual practice of investing in cryptocurrency, which, due to its unregulated status, can be quite volatile.

How Long Do Voyager Withdrawals Take?

When withdrawing USD funds from your Voyager wallet, you can expect the funds to appear in your bank account after three to five business days. Similarly, you’ll have to wait for at least one business day after purchasing new assets to withdraw the resultant funds.

How Often Is Interest Paid?

According to their website, Voyager sends out interest payments within five business days of the end of the month. 

Note: interest is paid in the same currency as the asset earning it, not in USD.

 How Does Voyager Digital Make Money?

Voyager exploits inefficiencies in crypto pricing to get you the best deal possible with each purchase. They then collect the difference between the price you end up paying and the quoted price you agreed to pay when you initiated the transaction.

Is Voyager App Insured?

Voyager is insured for up to $250,000 through the FDIC, meaning whatever cash you have in the platform is safe from unexpected calamities. Unfortunately, this protection doesn’t apply to your digital assets, as Voyager is not classified as a broker-dealer.

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How Do I Sign Up for an Account?

First, download the app and tap the “Sign Up” button to create a new account. Enter your email address and custom password, along with your unique reward code, if you happen to have one.

Next, you’ll be prompted to provide your first and last name, mobile number, and street address, followed by your date of birth and social security number. These details are needed to ensure that your personal information matches that on record with the financial institution you link later on.

Finally, you’ll be asked to verify your identity by scanning your driver’s license, passport, or similar government-issued ID and taking a selfie, which will be used as your default profile photo.

Once Voyager has reviewed your documents and approved your account, you’ll be able to link your bank account, add funds, and begin trading right away.

Next Steps

If you’re looking for a safe, hassle-free way to buy Bitcoin or other promising cryptocurrencies, Voyager is it.

We especially recommend this service to less experienced investors, who will undoubtedly appreciate the straightforward layout, streamlined trading functions, and relatively high interest-earning potential.

Get the Voyager app for your iOS or Android device by visiting the Apple App Store or Google Play Store and start building your crypto portfolio today!

Voyager Crypto App

Voyager is a cryptocurrency broker that allows retail and institutional investors to buy, sell, and trade various digital assets.

Voyager Digital icon
  • Editor Rating
  • Rated 4.5 stars
  • 80%

  • Voyager Crypto
  • Reviewed by:
  • Published on:
  • Last modified: June 16, 2021


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