With access to more than a dozen cryptocurrency exchanges for more than 50 digital currencies and up to 9% APY on some assets, Voyager is a cryptocurrency investment software for iOS and Android. So, when does Voyager pay interest?
What Is Voyager in crypto?
With more than a dozen cryptocurrency exchanges available, Voyager acts as your broker so you can trade more than 50 different currencies. This implies that you can create a broad portfolio of digital assets without having to register for numerous exchanges and handle numerous accounts you choose. the currencies you want to buy or sell when you make a deal, but you don't get to pick the exchange from which they come.
You can keep track of the performance of each asset you own as well as the overall performance of your portfolio using the Voyager app.
What Happened To Voyager?
After the value of cryptocurrencies fell preciously this year, Voyager filed for bankruptcy earlier. About $1.4 billion was the estimated worth of the sale to FTX, of which $51 million is cash. FTX would have transferred consumers to its platform as part of the deal.
Does Voyager Still Pay Interest?
If the minimum sum is met, assets in your Voyager account can receive interest on any of the 24 coins. Rates vary, but according to Voyager, Bitcoin may yield you 6.25% and stablecoins like USDC up to 9% APY. So, yes, they still do.
When Does Voyager Pay Interest?
Interest builds up daily and every month. For an eligible coin, your average monthly balance must be at least the required amount in order to get interest for that month. Whether you deposited the funds from an external wallet or bought them on the Voyager platform, You earn interest on all qualifying assets in your account.
What Are The Concerns About Voyager?
Voyager is going through bankruptcy court. As a result, it's possible that client funds or trading abilities could be in jeopardy. Due to Voyager's current inability to handle growth, new users are placed on a waitlist and gradually given access to the platform. Have to wait a while before you can start trading on the app because it doesn't provide a specific timeframe for account approval.
Summary
When does Voyager pay interest? It is monthly. All things considered, Voyager has restricted trading and withdrawals while going through the bankruptcy process. Your cash that is not invested offers some kind of security, but your invested bitcoin holdings are not covered by the DIC insurance.
