Voyager Digital recently announced it would file for first day bankruptcy procedures in July, citing market instability and the default on an important loan from Three Arrows Capital (TAC). Voyager currently holds $110 million of cash and assets owned by it as well as claims against TAC of approximately $650 million.
1. Voyager’s IOS app
The app provides users with access to over 60 cryptocurrencies and tokens across 12 of the biggest exchanges, providing automated trade execution with user-friendly tools. Available across devices including iPhone, iPad, Android, Apple TV LG webOS Samsung Galaxy Blackberry Nokia Symbian etc.
If you are having difficulties using Voyager, it could be because your device is out of date or contains malware. Try clearing the app cache and rebooting. If issues persist, consider switching internet providers or try switching your connection speed.
Voyager’s IOS app is currently only available to residents outside New York state in the U.S. However, Voyager plans on expanding internationally by 2021. In the meantime, those waiting can sign up for its waitlist in order to trade digital assets as soon as it becomes available in their state – the waitlist will be implemented gradually; those approved will receive an email inviting them to join.
2. Voyager’s Android app
Voyager is one of the most popular ways to invest in crypto using a mobile phone, offering support for more than 100 popular cryptocurrencies and low trading fees. It’s also an ideal option for anyone interested in staking to generate income streams.
This app is easy to use, with its trade execution engine quickly searching out the best price across dozens of exchanges. When you tap on any coin, its details screen displays price charts, market capitalization figures, volumes sold, high and low prices as well as volume.
Voyager was one of several crypto lenders that thrived during the COVID-19 pandemic by offering depositors high interest rates and access to loans that traditional banks wouldn’t provide. Unfortunately, however, its industry’s crash has left these lenders scrambling for survival; filing liquidation procedures with the Bankruptcy Court to direct value back directly back into customers in cryptocurrency or cash, then posting a blog explaining more about this process with an accompanying Q&A section for investors looking for answers.
3. Voyager’s wallet
Voyager’s wallet is a secure custodial system for holding cryptocurrency for you. They claim to offer 12% interest over savings accounts and it’s easy to fund your account either with cash or crypto coins.
Users can trade cryptocurrency via market or limit orders, with profits determined by the coin price at the time of their transaction completion. Voyager takes a cut of this profit improvement – however it remains unknown exactly how much that share may be.
Bankrupt crypto lender Voyager recently filed liquidation proceedings in bankruptcy court, yet users may not see all their value returned to them. At present, Voyager owes upward of 100,000 creditors between $1 billion and $10 billion – although their portfolio details remain undisclosed; blockchain sleuths have located some assets through unliquid Bitcoin and USDC stablecoin accounts; Voyager estimates it has about $1.3 billion worth of user crypto assets to liquidate according to its filing.
4. Voyager’s news feed
Voyager’s app accesses cryptocurrency market data provider CryptoCompare for quotes. Upon tapping any coin’s symbol, you are presented with a line graph illustrating its price fluctuations over your chosen date range and weekly market analysis is also provided.
Voyager flourished rapidly during the COVID-19 pandemic, offering depositors high interest rates on crypto deposits while connecting them to exchanges for trading. Furthermore, Voyager collaborated with Mastercard on an USDC debit card as well as loans to customers.
However, it ran into trouble after it became evident that it held significant exposure to defunct hedge fund 3AC. After losing their bid to buy themselves back from FTX and file Chapter 11 bankruptcy proceedings in July, it has notified customers they will receive their value back when liquidation procedures have been approved – however its website now falsely indicates this fact according to CBS MoneyWatch.
