Voyager Crypto In Canada 2022: How Can You Get It?

Note that Voyager has filed for bankruptcy on July 2022do not attempt to purchase from the company.

There are literally thousands of projects in which you can invest when it comes to cryptocurrencies.

The problem is, what happens when you come across one but you don’t know how to get your hands on the coin itself?

One such example is Voyager (VGX). How do you get Voyager crypto in Canada?

voyager crypto In Canada

Voyager

Crypto exchange and token

Voyager is both a cryptocurrency exchange and token, identified by its symbol VGX.

Pros
  • No trading fees
  • Start trading on the platform with as little as $10
  • Quick and easy verification process
  • Stake VGX for rewards
  • Access to a wide range of cryptocurrencies
  • Mobile application available for iOS and Android
Cons
  • Only available in the United States at this time
  • Limited customer service options
  • No option to trade coin-to-coin
  • Extremely volatile token

What is Voyager?

Note that Voyager has filed for bankruptcy on July 2022do not attempt to purchase from the company.

Voyager is a cryptocurrency exchange based in New Jersey in the United States. This platform offers investors and traders with a secure and trusted way to buy, sell, trade, and hold their digital assets.

The Voyager exchange was developed to support both institutional and retail investors, offering fast transactions while trading digital assets.

Voyager launched in 2018, which makes it relatively new to the crypto exchange market. The platform now supports more than 55 different cryptocurrencies

Users also have access to a Voyager Mobile application, which launched in 2019.

The app is available for download through both Android and iOS smart devices, which makes it easy to buy, sell, trade, and track cryptocurrencies when you’re away from your computer.

VGX

VGX Coin

VGX is the native token of the Voyager platform. Voyager uses this token to reward traders and investors who choose to use the Voyager ecosystem on a regular basis.

One way this is done is through staking, which lets users hold their VGX in a wallet while earning interest on their coins. Those who hold VGX also receive cashback offers and other exclusive services.

Is Voyager Safe?

Note that Voyager has filed for bankruptcy on July 2022do not attempt to purchase from the company.

For those who want to know if the Voyager platform is safe, the simple answer is even though the company claimed to be, it still filed for bankruptcy in July 2022.

Due to recent crypto projects that have collapsed, it is buyer beware for every exchange and token.

Primarily, Voyager kept customer funds in an offline cold storage wallet, which means they can’t be accessed in the event hackers gain access.

Doing so allows Voyager to be transparent with users so if the exchange does experience a breach they’ll know exactly what’s going on.

Additionally, Voyager uses 2FA (two-factor authentication) to validate user logins. This is a code received either through text message or through an authenticator app.

Users enter this code to confirm they are the account owner. This adds an additional layer of safety which aids in protecting personal funds and information.

How to Buy Voyager Crypto in Canada

Unfortunately, none of the big-name crypto platforms in Canada support VGX. So you won’t be able to get it from popular options like Bitbuy, Wealthsimple, or VirgoCX.

The good news is that there are a few exchanges out there that DO support VGX and you can use them in Canada.

Coinbase

Coinbase logo

Coinbase is an excellent option if you’re a beginner to crypto. The drawback with this platform is that you’re going to pay more in fees than almost anywhere else in the market. Whether it’s worth it is for you to decide.

Through Coinbase, you can trade VGX with USD, USDT, and EUR. That means you’ll probably have to exchange your CAD for something else to complete the trade. The good news is you don’t have to go through multiple platforms to purchase Voyager Tokens.

Binance

Binance logo

When it comes to the amount of trading volume an exchange does on a daily basis, Binance is the best in the business.

It’s second on our list of options for Voyager crypto in Canada because the platform is not available in Ontario. If you live anywhere else in Canada, you’re good to go.

When it comes to supporting coins that don’t get a lot of attention, Binance ranks at or near the top.

You’ll find hundreds of tokens and coins on Binance, which means you can get all your favourite cryptocurrencies in one spot. Binance trades USDT, BTC, and ETH for VGX on its exchange.

FAQs

FAQs

Here are some commonly asked questions about Voyager and it’s native token, VGX.

Is Voyager available in Canada?

While Voyager has mentioned the possibility of expanding into Canada multiple times, an exact date has not been given. The platform is available in the United States and is slowly expanding into other countries.

What is the native token of Voyager?

The native token of Voyager is VGX. This token is used to reward users who choose to use the Voyager ecosystem on a regular basis. Additionally, VGX is used to pay fees associated with using the Voyager platform.

What’s the best way to store VGX?

The best way to store VGX is in a secure, offline wallet. This ensures that your tokens are safe even if the Voyager platform is hacked. Additionally, using an offline wallet means that you are the only person with access to your funds.

Is Voyager A real crypto?

Yes, VGX is a real cryptocurrency. It is the native token of the Voyager crypto exchange. Users who hold or stake their VGX are eligible for rewards and benefits from the Voyager platform.

Conclusion

As you can see, there are several ways through which you can add Voyager crypto in Canada. Through popular exchanges like Binance, Coinbase, or FTX, you can quickly and easily trade for VGX tokens. 

Plus, you don’t have to go through multiple trades to get to your goal. Just trade for USD or EUR, then trade for VGX.

That’s all there is to it. Of course, it might mean you have to create an account with another crypto exchange, but you’d probably have to do that anywhere if you’re looking to get your hands on a lesser-known coin or token.

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Author Bio - Christopher Liew is a CFA Charterholder with 11 years of finance experience and the creator of Wealthawesome.com. Read about how he quit his 6-figure salary career to travel the world here.

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