Crypto Trading Technologies launched the Voyager app at the start of 2019. With this platform, crypto traders will be able to find the best prices across different exchanges. Currently, the app is only accessible to residents of the US, except New York. The creators of the app are actively trying to get the state’s BitLicense.
How to Use Voyager
You will need to download the app onto your phone. The registration process is quite easy, especially for those who have ever opened a bank or brokerage account online. While there is very little regulation of the sector right now, the team behind the app believes that regulation for crypto will become similar to that of online brokerages. This will essentially be the only way the industry will ever scale to “mass adoption” levels.
Once you register the account, you can connect your bank account to Voyager. The company has partnered with Plaid, which will verify the bank account and make it possible to send and receive money from and to Voyager. The whole process takes less than a minute. Additionally, you can send ETH and BTC to the crypto account.
The app supports touch or face ID. ON the initial screen, you will see the crypto coins that you can trade. Currently, the app supports 20+ coins. In the future, Voyager will increase the number of coins that can be traded. Data for each coin can be viewed by the hour, day, week, month, or year. Prices are updated once every second. When you tap on a coin symbol, you will be shown a line graph of the price movement. There is also a news feed at the bottom of the graph and a description of the coin.
Image Source: Voyager Twitter
How to Trade and Purchase Crypto
To purchase a coin, press the “BUY” button, which will bring up a trade ticket. You then put in the dollar amount and swipe the button called “trade.” This will be sent to the trading engine. Currently, Voyager only supports market orders. In the future, they will add stop and limit orders. You can press a pre-fill button or enter a unique amount. There is even a calculator that shows you how much you will be accumulating based on the amount you have.
Utilizing Cutting Edge Tech To Leverage Top Crypto Exchanges
When a trade goes into the Voyager trading engine, it connects to various exchanges, which finds the best price. The trading engine executes orders against BTC and USD. The main advantage of Voyager is that trades can be filled quite fast. When using a single exchange, an order can remain in the books for a while. However, since Voyager accesses multiple exchanges at once, orders are completed quite fast even for orders with thin order books. Once you buy crypto, the Sell button appears. You can sell all your holdings or just a small percentage. With the high amounts of volatility in the crypto sphere, the industry was looking for a solution like Voyager. With Voyagers ability to locate effective execution prices, it surely gives you a competitive advantage.
All trading is commission-free and Voyager makes a profit by taking a tiny amount of the spread. We recently covered Robinhood and their cryptocurrency arm. We found the user experience / interface to be better on the Voyager app. The reason for this is the Voyager app was able to ensure users were focused on just crypto assets. With Robinhood, a user had to juggle both traditional and crypto assets. We think there will be a long-term winner in this space for whoever can master both asset classes, but Robinhood has not mastered that experience yet in our opinion. Finally, Voyager offered more crypto assets than the Robinhood platform.
Voyager offers support for BTC, ETH, XRP, BCH, EOS, XLM, LTC, ETC, ONT, ZEC, TRX, ADA, IOT, NEO, VET, QTUM, ICX, BSV, DASH, and XMR. On the flip-side, Robinhood only offers support to purchase BTC, BCH, BSV, DOGE, ETH, ETC and LTC. Voyager simply offers a platform where you can cut costs, utilize cutting edge tech for top notch execution, and have access to a handful of crypto assets ( with a great user interface ).
Image Source: Voyager Twitter