Bitcoin may be the reigning champion of crypto coins, recently hitting the $50k and counting mark, but it’s far from the only player with skin in the game. Altcoins like Voyager Token, also known as VGX and BQX, are worthy investments to add to your cryptocurrency wallets — you can get in at a lower price than Bitcoin right now and reap the potential rewards later as you watch the price tick up.
Ready to expand your crypto holdings? Use Benzinga’s step-by-step guide on how to buy Voyager Token to dive in today.
What is Voyager Token?
Voyager Token is the native token of Voyager cryptocurrency exchange, a commission-free crypto trading platform. Voyager uses VGX to reward users within the larger Voyager ecosystem, although this altcoin is available through several other brokerage platforms as well, with a focus on mobile-based applications.
When Voyager users buy and hold VGX on the Voyager platform, they earn up to 5% interest on their crypto balance. Like many exchange-native tokens, VGX incentives users to utilize the brokerage system it lives in.
Brief History of Voyager Token
Voyager Token was rebranded from Ethos (ETHOS or BQX) to VGX, which was a move announced by Voyager CEO Steve Ehrlich in October 2019. In some exchanges, Voyager Token is still listed as BQX.
Early 2021 saw VGX rallying throughout January due to a host of mergers and acquisitions, which grew the Voyager platform’s reach without much expense to the crypto trading exchange. VGX saw gains over the 600% mark as a result of these moves in January.
Voyager introduced its new user Loyalty Reward Program in mid-February as well, giving users even more incentive to buy and trade VGX on its exchange. In addition to the hefty user perks already offered to traders who buy and trade VGX within the Voyager brokerage ecosystem, Voyager has big plans to expand these offerings. In the near future, Voyager loyalists will also earn cash back and have access to other useful futures.
Step 1: Open an online account.
Opening a Voyager account is the most simple way to buy Voyager Token, though you can access it from other exchanges, too. Setting up a Voyager Trading Account follows the same format as any brokerage account. You’ll be up and running in just 4 easy steps:
- Download the Voyager app from the Apple App Store
- Complete your user registration with basic info like name, email and your phone number. At this point, you may immediately jump into the Voyager platform to peruse the markets, financial news and the array of cryptocurrency supported by Voyager.
- Start your Voyager Trading Account — you’ll be asked to provide the basic information required by any licensed financial institution.
- Link your bank account and start trading. Go to User Icon > Bank Agreements, fund your account by linking your bank account and transferring at least $10, and you’re in! You can begin trading instantly.
Step 2: Buy a wallet (optional).
One of the best things about buying crypto? The control. Unlike banks, where your deposits are lent out to others and used by the bank to make profits, nobody can access or use your coins. That’s where a cryptocurrency wallet comes into play. When you open up an account on an exchange like Voyager, your coins will be stored in an exchange-hosted wallet.
However, this leaves the private and public keys — used to protect, access and send coins — in the control of the exchange, not you. Consider using a hardware wallet or software wallet for an extra layer of protection. This is where you’ll store the public and private keys that ultimately control your crypto assets.
Voyager Token lives on the Ethereum network (ERC-20). This means that it’s able to be stored on any wallet that supports ETH.
Best Hardware Wallet: Trezor One
Trezor is one of the most trusted names in cryptocurrency hardware storage. A hardware, or cold, wallet is attractive to crypto investors because it allows you to store your private and public keys offline — aka hidden away from the probing keyboard strokes of hackers and sometimes infallible security systems of exchanges and online wallets.
With over 800 global 5 star reviews, the Trezor One Crypto Hardware Wallet is one of the most popular options. Users generally describe this wallet as easy to set up, discrete in appearance and inexpensive for the level of quality and security.
Best Software Wallet: Trust Wallet
A software wallet is, you guessed it, a digital wallet outside of your exchange-supported wallet. These types of wallets come in 3 formats: online, desktop and mobile, with some interchange between each category for some wallets.
Trust Wallet counts over 5 million users on its platform to date. You can buy, exchange, earn and safely store your Voyager Token here. Both Android and Apple users can download the Crypto Wallet from Trust Wallet. Perks of using Trust Wallet as your online storage include the ability to purchase crypto with a card, instant bitcoin exchange and super-secure protection from hackers and scammers.
Step 3: Make your purchase.
Once you have your Voyager Trading Account (or whichever VGX-supporting trading exchange you settle on) funding, you’re ready to buy VGX! Your first purchase can be as little as $10.
Once you’ve transferred your first deposit into your Voyager account, buying VGX is just a few swipes and clicks away. Head over to the Market Screen first. Navigate down to VGX by scrolling, hit “Buy VGX” and specify how much you’d like to spend. Then, slide the “Slide to Buy VGX” banner and ta-da! You have successfully purchased Voyager Token.
While VGX is an altcoin traded on several mobile-focused platforms, keep an eye on the Voyager brand at large to inform your future trading decisions. As a commission-free crypto exchange that provides its users with the ability to earn interest on their digital asset holdings, they have much to offer in the crypto-supporting platforms space. And they just introduced a loyalty rewards program that gives back to users in $VGX.
Voyager is a publicly-traded company, so investing in both the platform and the coin — all while earning interest on your crypto balance — is a worthwhile venture to consider. Voyager intends to further democratize their crypto trading platform by relying on their Smart Order Routing technology. This optimizes opportunities that arise from discrepancies in crypto exchange prices and list prices to help cryptocurrency investors to better capitalize on their trades.
Trade or Sell Your Cryptocurrency
Okay, now you own Voyager Token. What’s next? Well, you’ve got 3 main options: buy, sell or HODL (or hold, as it’s known in less fun investment circles). Cryptocurrency is an especially useful asset to trade given its high volatility. Why? If you get your strategy down, trading your crypto at the right moment may net you impressive returns at a much higher rate than trading a traditional asset would.
This does, of course, come with risk. Making the wrong move could mean losing all or some of your coin, which is why many crypto investors choose to HODL and watch their assets (hopefully) skyrocket in value over time. You may also see success in selling your cryptocurrency at certain times and withdrawing or reusing your funds how you see fit.
Current Crypto Prices
Cryptocurrency prices shift rapidly second-to-second as their speculative nature leads to high levels of volatility.
VGX is currently trading at $5.90 USD and is trending downward over the last 24 hours with a 24-hour trading volume of $42 million. Voyager Token has a circulating supply of 222.3 million VGX and a market cap of $1.3 billion.
View real-time prices of Bitcoin, stablecoins and other altcoins here:
Don’t Miss Out On Voyager Token
With huge rallies in early 2021, VGX is an altcoin to keep an eye on. As the crypto-exchange VGX is native to, Voyager, buys up companies within its stratosphere and continuously adds to its user incentives (including by rewarding them with VGX), both VGX and the Voyager platform itself may be worthwhile investments.
Don’t wait — use our guide above to get in low and buy VGX today.
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