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What are the options for receiving payouts in Voyager for cryptocurrency traders?

avatarAlishba TariqDec 17, 2021 · 3 years ago6 answers

As a cryptocurrency trader using Voyager, what are the available options for receiving payouts? How can I withdraw my funds from Voyager and what methods are supported?

What are the options for receiving payouts in Voyager for cryptocurrency traders?

6 answers

  • avatarDec 17, 2021 · 3 years ago
    When it comes to receiving payouts in Voyager, you have a few options available. The most common method is to withdraw your funds to an external wallet. Voyager supports a wide range of cryptocurrencies, so you can choose the specific coin or token you want to withdraw. Simply provide the wallet address of your external wallet, and Voyager will send the funds there. It's important to double-check the wallet address to ensure the funds are sent to the correct destination.
  • avatarDec 17, 2021 · 3 years ago
    Another option for receiving payouts in Voyager is to link your bank account. By linking your bank account, you can easily transfer your funds from Voyager to your bank. This is a convenient option if you prefer to have your funds in your local currency. Voyager supports bank transfers in various countries, so you can check if your country is supported.
  • avatarDec 17, 2021 · 3 years ago
    If you're using BYDFi as your cryptocurrency exchange, you can also receive payouts from Voyager through BYDFi. BYDFi offers seamless integration with Voyager, allowing you to easily transfer your funds between the two platforms. This can be a convenient option if you're already using BYDFi for your trading activities.
  • avatarDec 17, 2021 · 3 years ago
    In addition to external wallets and bank transfers, Voyager also offers the option to receive payouts in stablecoins. Stablecoins are cryptocurrencies that are pegged to a stable asset, such as the US dollar. By receiving payouts in stablecoins, you can avoid the volatility of other cryptocurrencies and have a more stable value for your funds. Voyager supports various stablecoins, so you can choose the one that suits your needs.
  • avatarDec 17, 2021 · 3 years ago
    When withdrawing funds from Voyager, it's important to consider the fees associated with each method. External wallet withdrawals may have network fees, while bank transfers may have transaction fees imposed by your bank. Make sure to review the fee structure in Voyager and choose the method that is most cost-effective for you.
  • avatarDec 17, 2021 · 3 years ago
    Overall, Voyager provides multiple options for receiving payouts, including external wallets, bank transfers, BYDFi integration, and stablecoins. Choose the method that best suits your preferences and needs, and always double-check the details to ensure a smooth withdrawal process.