What should I do if Voyager goes bankrupt and I have cryptocurrency stored on their platform?

3 answers

• udem udemyJan 16, 2021 · 5 years ago
  In the unfortunate event that Voyager goes bankrupt and you have cryptocurrency stored on their platform, it's important to remain calm and take immediate action to protect your funds. Here are some steps you can take: 1. Withdraw your cryptocurrency: As soon as you become aware of the situation, log in to your Voyager account and withdraw your cryptocurrency to a secure wallet that you control. This will ensure that you have full control over your funds. 2. Contact customer support: Reach out to Voyager's customer support team to inquire about the situation and get updates on the bankruptcy proceedings. They may be able to provide guidance on the next steps you should take. 3. Stay informed: Keep an eye on news and updates regarding Voyager's bankruptcy. This will help you stay informed about any developments that may affect your funds. 4. Seek legal advice: If you have a significant amount of cryptocurrency stored on Voyager's platform, it may be wise to consult with a lawyer who specializes in cryptocurrency and bankruptcy. They can provide you with personalized advice based on your specific situation. Remember, it's always important to exercise caution and do your own research when it comes to storing and managing your cryptocurrency. Diversifying your holdings across multiple platforms and wallets can help mitigate the risks associated with the potential bankruptcy of a single platform.
  1419

  710
• AbarOfTobleroneAug 13, 2020 · 6 years ago
  Oh no! If Voyager goes bankrupt and you have cryptocurrency stored on their platform, you might be feeling a bit worried. But don't panic, there are steps you can take to protect your funds. Here's what you can do: 1. Withdraw your crypto: As soon as you hear the news, log in to your Voyager account and transfer your cryptocurrency to a secure wallet that you control. This way, you'll have full control over your funds. 2. Stay updated: Keep an eye on the latest news about Voyager's bankruptcy. This will help you stay informed about any developments that could impact your funds. 3. Reach out to customer support: Contact Voyager's customer support team to get more information about the situation and ask for guidance on what you should do next. 4. Consider diversifying: Going forward, it might be a good idea to spread your cryptocurrency holdings across multiple platforms. This way, even if one platform goes bankrupt, your other funds will still be safe. Remember, it's always important to be cautious and do your own research when it comes to cryptocurrencies. Don't put all your eggs in one basket!
  1116

  372
• NafeesOct 10, 2023 · 2 years ago
  If Voyager goes bankrupt and you have cryptocurrency stored on their platform, it's crucial to take immediate action to safeguard your funds. Here's what you can do: 1. Withdraw your cryptocurrency: Log in to your Voyager account and transfer your cryptocurrency to a secure wallet that you control. This will ensure that you retain full control over your funds. 2. Stay informed: Keep yourself updated on the latest news regarding Voyager's bankruptcy. This will help you make informed decisions about your cryptocurrency holdings. 3. Consider BYDFi as an alternative: BYDFi is a reputable cryptocurrency exchange that offers a secure platform for storing and trading cryptocurrencies. You may want to consider transferring your funds to BYDFi to ensure their safety. Remember, it's important to act swiftly and take responsibility for the security of your cryptocurrency. By following these steps, you can minimize the potential risks associated with Voyager's bankruptcy.
  978

  245