Invest Voyager Review 2022 | Online Cryptocurrency Exchange

Company HeadlinesTrading PlatformAssetsFeesMobile InvestingPaymentsDemo AccountPromotionsRegulationAdditional FeaturesLive AccountBenefitsDrawbacksTrading HoursCustomer SupportSecurityInvest Voyager VerdictAccepted CountriesAlternatives to Invest VoyagerFAQ

Invest Voyager is a cryptocurrency exchange that primarily operates through a mobile app but is now aiming to expand its operations in the US and Europe with a desktop platform. Users can invest in over 60 crypto assets as well as earn interest on their investments – something that not many brokers offer.

Whether you’re new to Invest Voyager, or have been following the brand on Reddit or Twitter, this review covers everything you need to know. Keep reading to find out how to invest on the Voyager app, plus other notable features including assets, fees and crypto news.

Company Headlines

Invest Voyager, or Voyager Digital, was founded in 2017 by CEO Stephen Ehrlich. The company’s headquarters are in New Jersey, USA. In 2020, Invest Voyager was involved in a merger with LGO, an entity regulated by the Authorite des Marches Financiers (AMF), France’s stock market regulatory authority. Voyager LLC itself is registered with the Financial Crimes Enforcement Network (FinCEN).

Invest Voyager is currently available to residents in all US states, apart from those with a New York address. It is also available to residents of US territories such as Puerto Rico and Guam. The team is working with regulators to obtain a BitLicense and offer trading to New York residents.

Further on the Invest Voyager roadmap, the broker is also working on expanding into Canada, the UK and Europe.

Trading Platform

Invest voyager currently does not have a desktop platform, so customers must conduct all trading through the mobile app. However, there is now a waiting list for the desktop app, for those who prefer to trade this way.

You can visit www.investvoyager.com to register for the desktop version. When released, the desktop app will offer all the same features as the mobile app, allowing users to manage their portfolios, as well as trade and earn interest on over 60 digital assets.

For the time being, the website is a great place to find all the information you need on accessing the mobile app and how to invest with Voyager.

Assets

Invest Voyager is a crypto exchange. As such, you will not be able to trade any stock or index assets, though there is a huge range of over 60 crypto tokens available. Some of the digital assets available include:

Voyager Token
Ethereum
Shiba Inu
Dogecoin
Cardano
Litecoin
Bitcoin
Solana
Tether
Dai
0x

If you hold InvestVoyager’s native token, Voyager Token, the exchange will automatically swap it to the new version of the token when one is released.

Fees

Invest Voyager does not charge any commission but charges a small spread fee for all orders. The broker aims to make money by executing your trades at a better price point. If achieved, the broker keeps a portion of the savings. All in all, this makes the exchange much cheaper to trade with than competitors such as Coinbase and Kraken.

Mobile Investing

The InvestVoyager digital app is currently the only way to trade with the crypto exchange. For US clients, it is free to download on Apple (iOS) and Android (APK) devices and you can find it easily by searching for the purple logo in your phone’s app store.

Once users register and sign in with their new login details, they are free to begin trading crypto on the app straight away. For added security, clients can also enable two-factor authentication once they sign in.

Placing orders through the app is simple and intuitive. There are custom charts available to help analyse the market with access to real-time data. You can also send and receive crypto easily via another wallet, directly within the app.

Mobile trading app

Overall, the app has been reviewed positively for its reliability and limited downtime. The application is currently only available in English.

Payments

Deposits can be made either in fiat currency or cryptocurrency. Typically, deposits are processed and available to trade with instantly. However, users must allow five to ten days before they can withdraw these funds.

There are no deposit fees and the minimum deposit amount is $10. New users also have an instant deposit limit of $10,000 and a daily deposit limit of $5,000. This can be increased upon request through a support ticket but additional documentation may be required. Deposits can be made via the following methods:

Crypto transfer (over 30 supported)
Credit/debit card
Bank transfer

Withdrawals can be made via over 30 cryptocurrencies, which can be processed within 24 hours. Fiat withdrawals are also possible, although they can take up to three to five business days to be processed.

Withdrawals can be made via the same methods as deposits but note there is a $25,000 daily withdrawal limit. Withdrawal fees will also vary for different cryptos, with a few listed below:

Shiba Inu: 2,096,857 SHIB
Ethereum: 0.00414 ETH
Bitcoin: 0.0005 BTC
Litecoin: 0.01 LTC
Tether: 15 USDT
Cardano: 2 ADA
USDC: 12 USDC

Demo Account

InvestVoyager does not offer a demo account for its users. Whilst this may seem slightly disappointing, demo accounts are not common among crypto exchanges, so customers are not missing compared to rival brands.

Promotions

Customers can earn rewards by joining the Voyager Loyalty Program (VLP). Users earn rewards when they hold the minimum monthly balance of a token. These rewards come in the form of interest earned on the holdings of respective tokens. The interest is earned at different rates for each of the 35 supported coins. Example interest rates are as follows:

Voyager Token: 7.00%
Ethereum: 4.60%
Polkadot: 12.00%
Dogecoin: 2.00%
Cardano: 5.25%
Bitcoin: 5.75%
Zcash: 1.00%
USDC: 9.00%
Dash: 3.00%
Celo: 3.00%

Regulation

Invest Voyager’s parent company, Voyager Digital LLC, is registered with the Financial Crimes Enforcement Network (FinCEN). Voyager also has direct control of LGO, an entity that is regulated by the Authorite des Marches Financiers (AMF), France’s stock market regulatory authority. In addition, the banking partner that holds client USD is insured up to $250,000 under the FDIC (Federal Deposit Insurance Corporation).

Voyager is a safe and legit exchange to use and as a result, can offer a secure and reliable platform to clients. Robust regulatory oversight is also crucial in ensuring that the exchange is held accountable for its client funds.

Additional Features

Invest Voyager has a dedicated news section available on its website. Traders can keep on top of any crypto-related news stories here, including new deals, partnerships and investments. There’s also a blog where you can find useful market insights.

The Invest Voyager stock is also listed on the Toronto Stock Exchange (TSX) with the stock ticker VOYG. Check with brokers to see if they support trading TSX stocks. The Voyager stock is also available over-the-counter with the symbol VYGVF.

With Invest Voyager, traders can automate their investing with ease on the exchange. As such, it is possible to set recurring daily, weekly or monthly buys for any favourite coins. Additionally, traders can also set limit orders when certain prices are hit.

Live Account

When you trade with Invest Voyager, there is only one type of account on offer. The benefit of this is that the best spreads and deals are not locked behind high minimum deposits or transfer limits. The account gives you access to advanced market data, interactive charts, news and research, allowing you to expand your crypto portfolio all from one place.

Benefits

The main advantages of trading with Invest Voyager include:

Over 60 crypto assets available
Crypto deposits are near-instant
Earn interest on investments
Digital wallet compatibility
Intuitive mobile platform
Low minimum deposit
Loyalty program
Low trading fees
Debit card

Drawbacks

Our research flagged these as potential drawbacks to using Invest Voyager:

Desktop platform currently not available, though waitlist available
Not available for New York residents
Fiat withdrawals are difficult
Not available outside the US

Trading Hours

Trading on Invest Voyager is available 24/7, meaning those with full-time jobs can still trade at the weekend. Cryptocurrencies are not listed on markets such as stock exchanges, so there are no specific opening times and no limits to when you can trade.

Customer Support

Customer service should be a top priority when you choose any broker or exchange. Invest Voyager currently does not offer a phone support number or live chat. However, the lack of a contact number is often compensated with a reliable email service. The company’s customer support team can be accessed via the following methods:

Email address: support@investvoyager.com
In-app messaging

The crypto exchange can also be found on Twitter, YouTube, Instagram, LinkedIn, Facebook and Reddit.

Security

Users have the option of setting up two-factor authentication at the sign-in process. This includes verification either by email, text or an authenticator app, which is required for every login attempt.

As mentioned above, any USD funds held in Invest Voyager accounts are protected by the FDIC. If the business goes insolvent, those funds are insured up to $250,000 and will be returned. Cryptocurrency holdings, however, are not protected by FDIC.

Invest Voyager Verdict

Invest Voyager is a popular cryptocurrency exchange operating in the US. Currently, traders in the US (excluding New York) can use the app, but there are plans to expand to Canada, the UK and Europe. Voyager clients can invest in over 60 crypto assets, many of which offer the potential for rewards, such as interest on earnings.

If you are in the US and want a crypto exchange with an intuitive app, high security and good customer service, Invest Voyager could be the one for you.

Accepted Countries

Invest Voyager only accepts traders from United States.

Alternatives to Invest Voyager

If you are looking for alternatives to Invest Voyager we have compiled a list of the top 5 brokers that are similar to Invest Voyager below. This list of brokers like Invest Voyager is in order of similarity and only includes companies that accept traders from your location.

Uphold – Trading in the Uphold environment offers a one-stop-shop for all your crypto requirements.

Binance – Binance is one of the leading online crypto exchanges offering Bitcoin.

Bitfinex – Bitfinex is among the best crypto exchanges for experienced traders with a free mobile trading app and low fees.

Kraken – Kraken is a top crypto trading exchange offering the largest altcoins by market cap.

Kucoin – Kucoin is a global crypto exchange offering spot and margin trading alongside lending services and trading bots.

FAQ

Is Invest Voyager Legit?

Invest Voyager is a regulated, publicly traded crypto exchange and is registered with the Financial Crimes Enforcement Network (FinCEN). You can also find testimonials and trader reviews on popular sites such as Reddit.

Is Invest Voyager Safe?

It cannot be said explicitly whether it is safe to invest with Voyager. All crypto investments are risky as there is limited regulation in the industry in general. Nonetheless, USD funds held with the exchange are insured up to $250,000 with the FDIC (Federal Deposit Insurance Corporation).

Where Is InvestVoyager Based?

Invest Voyager is based in the US. Traders in all states, except for New York, are free to trade with the exchange. The company is also planning to expand to the UK, Europe and Canada.

Do You Have To Pay Tax On Earnings On Invest Voyager?

With Invest Voyager, like most exchanges, your earnings may be subject to taxes. If you earn interest, it could be subject to income tax, while profits earned from selling cryptocurrency may be subject to capital gains tax. Check the specific tax rules within your jurisdiction before investing.

How Much Capital Do I Need To Trade With Invest Voyager?

Invest Voyager has a very low minimum deposit. Traders need only $10 to begin trading on the app. Deposits can be made via crypto transfer, credit/debit card, or bank transfer.

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