Voyager; Alyssa Powell/Insider
Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, like American Express, but our reporting and recommendations are always independent and objective. Terms apply to offers listed on this page. Read our editorial standards.
- Voyager is a mobile crypto broker that lets you trade more than 60 cryptocurrencies.
- The app also offers interest rewards, and institutional clients can utilize several crypto services.
- You'll only need $10 to trade assets like bitcoin, ethereum, litecoin, and dogecoin.
- Click here to set up an account with Voyager.
Overall rating
| Feature | Insider rating (out of 5) |
| Fees | 5.00 |
| Investment selection | 4.75 |
| Platform navigability | 4.00 |
| Customer service | 3.75 |
| Trustworthiness | N/A |
| Educational resources/research | 3.50 |
| Overall score | 4.20 |
Is Voyager right for you?
| Voyager Pros | Voyager Cons |
|
|
Founded in 2017, Voyager is a mobile crypto broker offering commission-free trading on more than 60 cryptocurrencies, with crypto services both for individuals and institutions.
The crypto app also lets you earn monthly interest payments for maintaining minimum balances of different cryptocurrencies, and institutional clients have access to order execution, liquidity, and custodial services.
The Voyager crypto app is available on iOS and Android devices.
|
Voyager |
|
| Editor's rating | 4.20 out of 5 |
| Fees | 0% (Voyager earns money if it saves you money by executing your order at a better price) |
| Account minimum | $10 |
| Promotion | None at this time. |
| Open account | |
Not sure if Voyager is right for you? Keep reading to see how it stacks up against other crypto platforms.
How does Voyager compare?
|
Voyager |
Gemini |
Kraken |
|
Min. Investment $10 |
Min. Investment $0 |
Min. Investment Depends on type of cryptocurrency |
|
Fees 0% (Voyager earns money if it saves you money by executing your order at a better price) |
Fees $0.99-$2.99 fee for USD web and mobile transactions between $10 and $200 (1.49% fee for transactions over $200); 0.50% convenience fee; 3.49% debit card transfers |
Fees 0% - 0.26% |
|
Investment choices Cryptocurrencies |
Investment choices Cryptocurrencies |
Investment choices Cryptocurrencies and futures |
| Open an account | Open an account | Open an account |
Voyager, Gemini, and Kraken all have the following in common: huge crypto selections, low minimums, interest or staking rewards, and crypto services for institutions. But fees vary for each platform.
Voyager is the least expensive of the three, but Voyager and Gemini don't give you access to margin accounts or futures trading (futures are contracts that give you the right to buy or sell an asset at a certain price on an upcoming date) like Kraken does.
If you're still interested in signing up for Voyager, though, keep reading to see how it works.
Ways to invest with Voyager
Cryptocurrencies
You only need $10 to trade cryptocurrencies at Voyager. But Voyager isn't exactly an exchange. The company describes itself as a broker that facilitates trading through its routing technology. This means you won't be able to decide where to execute your trades; Voyager does this for you.
But even though you can't determine how trades are executed, Voyager says its Smart Order Router connects to more than 12 exchanges and market makers to offer its users fast order execution and good pricing. The app supports bank transfers up to $5,000.
Though Voyager's cryptocurrencies are commission-free, the app makes money (known as the "spread fee") when you save money on an order. Specifically, Voyager says it takes a small spread fee when it executes an order at a better price than you, the investor, submitted.
See a complete list of Voyager's supported coins and crypto assets here.
Voyager Interest Program
You can earn interest simply by holding a minimum monthly balance of certain cryptocurrencies. Voyager uses average daily holdings to calculate interest, and it pays out interest by the fifth day of each month.
The crypto broker offers interest options for several different assets. For example, these are the September rates for some of the crypto assets the interest program supports:
- US dollar coin: 9% for 100 minimum monthly usdc balance
- Bitcoin: 5.75% for 0.01 minimum monthly bitcoin balance
- Ethereum: 4.6% for 0.5 minimum monthly ethereum balance
- Dogecoin: 2% for 1000 minimum monthly dogecoin balance
- Litecoin: 5% for 2 minimum monthly litecoin balance
Interest rates change each month, but Voyager announces rates in the app. The broker also automatically enrolls investors in its interest program, but you can opt out if you want.
In addition, it's also introducing the Voyager Debit Mastercard, a card backed by USD coin (a stablecoin that always allows you to redeem one USD coin for $1). The card allows you to earn up to 9% in crypto rewards each year. You can sign up for early access here.
Institutional investing
If you're an institutional investor with crypto needs, Voyager offers a suite of options. These include:
- Execution platform: Voyager's execution platform — which it says is powered by its Smart Order Router — strives to offer institutional clients the best prices and most efficient order execution, according to its website.
- Liquidity network: Voyager says its platform gives you access to a network of crypto exchanges, liquidity providers, and over-the-counter (OTC) desks. These services allow you to take advantage of multiple trading options with a single account or wallet.
- Custodial suite: You can also choose from multiple security and storage options if you're looking to keep your crypto assets safe.
Voyager Digital Brokerage LTD owns and operates Voyager Institutional. Learn more here.
Educational resources
Voyager has a limited selection of educational support for beginner traders. Though the crypto app offers both market news roundups and several explainer blog posts on different crypto topics, it doesn't provide much else for newcomers.
For instance, exchanges like eToro and Gemini both offer video tutorials and guides on crypto trading, but you'll mainly have access to blog posts and news roundups at Voyager.
Is Voyager trustworthy?
Better Business Bureau ratings usually range from A+ to F, but the BBB has given Voyager an NR ("No rating") since it doesn't have enough information to issue a rating on the company.
The bureau bases its ratings on how well it thinks a company interacts with its customers. It also analyzes other factors, including time in business, type of business, customer complaint history, licensing and government actions, and more.
Voyager's record is clear of any major lawsuits or scandals. BBB data shows that the crypto app has closed more than 80 complaints in the last 12 months.
source https://www.businessinsider.com/personal-finance/voyager-investing-review