They have filed for Chapter 11 protection. Your crypto investment could end up with some losses, but the dollars in the account should be safe because they are covered by FDIC insurance.

[2022.7 Update] Everyone, please note: Voyager sent an email saying the company may restructure. This may be because Three Arrows Capital lent Voyager $350 million plus 15,000 bitcoins. With crypto falling so hard lately, who knows how many positions were liquidated? Voyager is under cash flow pressure, can’t afford various rewards and interest payments, and is close to becoming unable to keep operating. Withdrawals are temporarily unavailable as well. So don’t register for now. If you still have money in there, keep an eye on the related updates.

[2022.6.17 Update] According to an online DP, the $50 Bitcoin signup bonus can be stacked with Swagbucks’ 5000SB signup bonus (worth $50) as long as you register through the Swagbucks link:

To get the Swagbucks signup bonus, you only need to trade more than $10 worth of digital currency to receive 5000SB (worth $50). After registering, enter the referral code 6273856FC in the Reward Code field, then trade at least $100 worth of cryptocurrency to get the $50 Bitcoin (BTC) referral reward. Here we recommend buying $100 of USDC. The signup bonus plus referral bonus means you can net $100.

Voyager Overview

Voyager is a publicly traded cryptocurrency platform founded by Wall Street and Silicon Valley entrepreneurs in 2018, aiming to create a flexible, secure, and transparent platform for crypto trading. Voyager is similar to crypto trading platforms such as Coinbase and Gemini. For Coinbase, you can refer to our previous introduction:

Unlike traditional exchanges, Voyager connects users to more than ten exchanges to provide the best prices and available liquidity. It is best suited for mobile-first crypto traders who want simple interface access, low fees, and multi-account funding options. Voyager is one of the fastest-growing publicly traded cryptocurrency platforms in the U.S. The company completed a $46 million private placement on January 21, 2021, and a $100 million private placement on February 15, 2021. Recently, the cryptocurrency platform Voyager Digital announced that it had completed a $60 million financing round.

Key Features of the Voyager Trading Platform

  • Supports trading of more than 100 different crypto assets, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Doge, Shiba Inu (SHIB), and more.
  • Voyager does not charge commissions on crypto trades (commission-free). The biggest problem with Coinbase and other platforms is their commissions, which are, at the very least, too high. For example, on Coinbase, a $5,000 trade will cost you about $80 in commissions. In an environment where stock trades cost $0, this is not competitive.
  • Voyager supports crypto staking and offers 9% interest on stablecoins, with annual percentage returns (APY) of up to 12% for staking other digital currencies.

Voyager Signup and Use

The current promotion is to register through the Voyager referral link and trade $100 worth of cryptocurrency to get $50 in Bitcoin (BTC). The steps are as follows:

  1. Register through the Voyager referral link (or download the VoyagerApp and enter referral code 6273856FC in the Reward Code field)
  2. After downloading VoyagerApp, enter your date of birth, address, SSN, and other information, then complete verification. Based on my experience, you do not need to upload an ID. Once your identity verification is complete, you can link a bank account and start trading.
  3. Trade at least $100 worth of cryptocurrency to receive a $50 Bitcoin (BTC) reward. If you are concerned about price swings in crypto, you can directly buy a reliable stablecoin such as USDC. USDC is pegged to the U.S. dollar, so 1 USDC = $1. You can buy $100 of USDC, sell it a few days later, and still receive the signup reward.

Voyager Crypto Staking

Voyager is a legitimate app for buying and staking cryptocurrency. Although it does not offer as many features and products as Coinbase, it can be said to be better suited for staking because it lets you earn up to 12% interest (Coinbase only allows up to 5%). Voyager currently supports staking for multiple cryptocurrencies, and the additional benefit is interest of up to 12%. In terms of APY, staking DOT and KAVA earns 12%, staking APE earns 10%, staking USDC earns 9% (100-25000 USDC), staking KSM earns 8%, staking VGX earns 7%, and staking ETH earns 4.5% (0.5-20 ETH). The specific requirements are shown in the table below:

The ones worth paying the most attention to are USDC and VGX. USDC is a stablecoin, and its price is pegged to the U.S. dollar, so 1 USDC = $1. VGX is Voyager’s platform coin, also known as the Voyager token. The Voyager token (VGX) can be used to reward users within the Voyager crypto broker ecosystem.

It is worth noting that although stablecoins are relatively reliable, digital currencies themselves are still quite risky. For example, some time ago the collapse of the Terra Luna stablecoin USDT triggered a death spiral that caused heavy losses for many users. Investing carries risk, and buying virtual currency carries even greater risk, so please be cautious. This article does not constitute any investment advice!

Cryptocurrency itself does not come with FDIC or SIPC insurance, but the cash (USD) in a Voyager account is covered by FDIC insurance. This is because Voyager is a publicly traded company regulated in the United States, and FDIC insurance protects depositors against bank or broker failures, with coverage of up to $250,000. One last reminder: investing involves risk, so please buy cautiously!