Voyager offers commission-free trading on 100+ crypto assets. See how it works.
Voyager; Alyssa Powell/Insider
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*Note: Voyager recently filed for Chapter 11 bankruptcy. It says customers with USD in their accounts will receive access to the money after it completes a reconciliation and fraud process with Metropolitan Commercial Bank. Customers with crypto in their accounts will in exchange get a combination of the crypto from their accounts, proceeds from the Three Arrows Capital recovery, Voyager tokens, and common shares in the reorganized company, according to Voyager.
Bottom line: Voyager is a great choice for mobile-oriented crypto investors who want to trade more than 100 cryptocurrencies at low costs. The app is also ideal for institutions in need of order execution and custodial crypto services.
Overall rating
FeatureInsider rating (out of 5)Fees5.00Investment selection4.50Access4.20Ethics2.00Customer service3.75Overall score3.89
Is Voyager right for you?
Founded in 2017, Voyager is a mobile crypto broker offering commission-free trading on more than 100 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 vs. Gemini
Voyager
Gemini
Min. Investment
$10
Min. Investment
$0
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
Investment choices
Cryptocurrencies
Investment choices
Cryptocurrencies
VoyagerGemini
Voyager and Gemini both have the following in common: huge crypto selections, low minimums, and crypto services for institutions. But fees vary for each platform.
Voyager is the least expensive of the two, but it doesn’t give you access to staking like Gemini does. But Gemini offers more services. These include Gemini Wallet, Gemini Pay, Gemini Custody, and multiple other trading platforms.
Voyager vs. Kraken
Voyager
Kraken
Min. Investment
$10
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% – 0.26%
Investment choices
Cryptocurrencies
Investment choices
Cryptocurrencies and futures
VoyagerKraken
Voyager and Kraken also offer several similar features. You can invest in more than 100 crypto assets with either platform. However, Voyager doesn’t let you utilize 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.
But Voyager offers a simpler interface, so it could be a better choice for beginners or those who prioritize ease-of-use.
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.
Voyager also 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.
See a complete list of Voyager’s supported coins and crypto assets 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.
Is Voyager trustworthy?
Better Business Bureau ratings usually range from A+ to F, but the BBB has given Voyager an F for multiple reasons: (1) the platform failed to respond to 157 complaints, (2) it received 185 complaints, (3) it’s received multiple government actions, and (4) it never resolved two complaints that customers filed against it.
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.
In March 2022, the New Jersey Bureau of Securities ordered Voyager to stop offering interest-bearing accounts, claiming it used the accounts to sell unregistered securities. Voyager also recently filed for bankruptcy. If you’re interested in crypto investing, you may want to consider other crypto exchanges.
Voyager — Frequently asked questions (FAQ)
Is Voyager legit?
Yes. Voyager is a Financial Crimes Enforcement Network (FinCEN)-registered exchange, and it’s a fully regulated and publicly traded company in the US. Voyager is also FDIC-insured, meaning that up to $250,000 of USD in your account is protected against loss.
Can you cash out crypto on Voyager?
Yes. You can do so by finding “Account” in the Voyager app, selecting “Transfer Cash or Crypto,” and navigating to “Transfer Crypto” and tapping “Send Crypto out of Voyager.” You’ll have to select both the asset and the amount you’d like to withdraw to your crypto wallet.
How does Voyager make money?
Voyager earns money from the spread between the price at which you submit your order and the price at which the platform executes it. In other words, Voyager makes money when it saves you money on an order by executing it at a better price.
Related terms
Cryptocurrency: Cryptocurrencies function as digital assets that rely on blockchain technology for decentralized (i.e., cryptocurrency holders can exchange these assets without a centralized institution like a bank) transactions.Token: These virtual assets are created through existing blockchains, meaning they’re built on top of previously established databases.Staking: With this account option, you can earn interest rewards for holding crypto assets for a set period of time. Stablecoin: A stablecoin is an asset whose value is pegged to fiat currencies like USD, gold, or other crypto assets.