We are reviewing Voyager which offers a seamless cryptocurrency exchange and interest account! đź’µ Try Voyager: đź’µ Try BlockFi: đź’µ Try Gemini: đź’µ Try Coinbase: đź’µ Try Celsius Network: đź’µ Try Nexo:
ABOUT: In this video were reviewing Voyager, which offers a cryptocurrency exchanges and interest account all in one platform. We will take a look at an overview of Voyager, some key considerations, and then I’ll give you the verdict on when you might want to use it. At the end I’ll quickly compare them to other ways to buy and hold cryptocurrency. You can buy, sell, and earn interest on over 20 cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC). The user experience is pretty smooth, and most things you need to do are very intuitive. The buy process is extremely quick as well as if you transfer it out to another service like BlockFi, Celsius, or Nexo. The fees are minimal, and baked into the price of the cryptocurrency.
BlockFi Review:
Gemini Review:
Coinbase Review:
Celsius Network Review:
Nexo Review:
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0:00 – Intro
0:46 – Voyager Overview
2:57 – Key Considerations
6:37 – The Verdict
9:14 – Comparisons
10:48 – Outro
#voyager #bitcoin #cryptocurrency
OVERVIEW
Voyager was founded in 2017 in the US. The company’s CEO and cofounder is Stephen Ehrlich, a former CEO of popular stock trading platform E-Trade. They are publicly traded under the ticker symbol VYGVF, and also have their own Voyager ERC-20 token under the symbol VGX.
The app is a full service cryptocurrency exchange, where you can buy and sell over 20 cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC). They don’t charge commission when trading, and the prices are very close to that of other exchanges. They claim they are able to do this by taking advantage of price discrepancies on cryptocurrency exchanges and pass the savings onto you while keeping some for themselves. The user experience is clean and very intuitive.
Voyager is a licensed crypto-asset broker, having received approval from FINRA. They also have an interest account integrated seamlessly into the platform. Interest is paid out monthly. Assets are stored with Ledger Vault, who have SOC 2 compliance and are insured for theft up to $150 million.
CONSIDERATIONS
Cryptocurrency in general is still relatively volatile. It could easily half in price so just be careful with the money you put in. Stable coins could be used to stabilize your investment. These also have really high APY in Voyager as well as other cryptocurrency interest accounts like BlockFi, Celsius, and Nexo, so it could be a good place to park some cash.
To earn those high interest rates, you need to keep a minimum amount of cryptocurrency averaged over each month in order to get the interest. If this is too high, but you do want a full service exchange and interest account all in one BlockFi has you covered.
They don’t offer interest on some crypto currencies you can buy through them, but they do support most of them. Make sure they support the crypto you want.
The only way to contact their support is through an email ticketing system, and you can’t pick up the phone and talk to a real human. If you run into issues it might take a while to get it resolved. It’s only accessible through app and its currently only available in the US so everyone else will have to use alternatives.
I could not find a lot of details about their security measures or custodial services so this area is a lot less clear. The business model lacks some transparency especially as to how they offer a high interest rate, they seem to rely solely on their price arbitrage. Not your wallet not your coin applies here, these aren’t your wallets so Voyager can freeze accounts if necessary.
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Legal Disclosure: I’m not a financial advisor. The information contained in this video is for entertainment purposes only. Before investing, please consult a licensed professional. Any stock purchases I show on video should not be considered “investment recommendations”. I shall not be held liable for any losses you may incur for investing and trading in the stock market in attempt to mirror what I do. Unless investments are FDIC insured, they may decline in value and/or disappear entirely. Please be careful!