Is Voyager crypto safe?
Voyager is safe. The company is based in the United States and subject to U.S. regulations, and is a publicly traded company (ticker: VYGVF). Voyager is encrypted, meaning all of your personal and financial data and transmissions are secure. Bank transfers use Plaid, a reputable and secure system that’s used by thousands for financial institutions.
Is Voyager FDIC insured?
Yes. USD held on the Voyager platform is secured by the FDIC up to $250,000 through Voyager’s banking partners. The Federal Deposit Insurance Corporation will re-pay any funds lost due to a bank failure. It is important to note that your cryptocurrency on Voyager is not insured. Only your USD is.
What bank does Voyager work with?
According to filings, Voyager maintains an account services agreement with Metropolitan Commercial Bank of New York. The bank manages banking-related deposit and payment systems via a custodial account, and this relationship provides FDIC insurance for customers’ USD deposits.
Voyager is a FinCEN registered Money Services Business
FinCEN (the Financial Crimes Enforcement Network) is a bureau of the US Department of the Treasury that combats money laundering and other financial crimes.
This article and the content contained herein is not intended to be a source of investment advice. Please do your own research and consult with an investment professional before making investment decisions.