Are there maximum order amounts for each coin?

  • Updated

Yes, each coin you can buy or sell in the Voyager App is subject to a maximum order amount, defined in USD terms, which varies by coin and sometimes fluctuates based on liquidity conditions. Very liquid coins (coins for which Voyager has access to many markets and for which there are many buyers and sellers available to whom we can route orders) have larger maximum order amounts and less liquid coins have smaller amounts. The amounts are currently not displayed in the app, but you will be alerted when an attempt is made to enter an order that’s greater than the maximum amount that is then applicable to that coin.

 

For example, the maximum order amount for Bitcoin might be $250K, so if a user enters an order for $300K, they will see an error message alerting them to the applicable maximum order amount. Voyager is working on improved UX around communicating maximum order sizes by additional methods without cluttering the user interface.