- Can Vauld be trusted?
- Why Should You Use Vauld?
- What are the pros and cons of Vauld exchange?
- Is Vauld Safe or Not?
The cryptocurrency you’re looking for is Vauld, an Indian crypto platform to manage and trade cryptocurrencies. I’ve been using it for the past few months and it’s really nice!
There are many crypto exchanges in India. Almost all of them seem to look like Binance, which is a really big exchange that operates worldwide. Vauld is a cryptocurrency exchange that offers multiple benefits, such as comparison with other Indian crypto exchanges and more.
I’ve seen the downfall and growth of Indian crypto exchanges in the past. Some exchanges shut down because of regulatory uncertainty, which leaves the way clear for new players like Vauld and CoinSwitch Kuber to come around. For anyone looking to get started in crypto investing in India, Vauld should be a top choice.
What are the key features of Vauld? It’s a whole new concept for managing crypto in India which is like BlockFi. If you know about BlockFi, it can be considered an alternative for Indians who want to manage their own funds.
Overview of Vauld?
Vauld is a crypto lending and borrowing platform with investment features. It offers retail users around the world liquidity from Binance, where trading fees are lower. Vauld also has its own cryptocurrency exchange that you can use to trade cryptos for low rates!
This app allows you to manage your cryptocurrency assets, lend, borrow, and trade cryptocurrencies such as Bitcoin or Ethereum. Instant exchange of crypto assets with fiat currencies is possible through the platform. The platform allows users to earn interest by investing in coins through its lending service. It was previously called Bank of Hodlers.
Vauld History & its Funding
Vauld, formerly known as Bank of Hodlers (BoH), is a platform that doesn’t have any tokens. It launched at the end of 2018. In 2020, Bank of Hodlers changed its name to Vauld. The company is primarily a lending and borrowing platform that services users from all parts of the world. BoH has two Indian founders, who are headquartered in Singapore with global headquarters there as well.
- Darshan Bathija is the co-founder and CEO of Vauld.
- Sanju Sony Kurian is chief technology officer of Vauld.
Vauld has raised $2 million in capital from Pantera, Coinbase Ventures and CMT digital among others. it has also raised $25 million in a funding round led by Peter Thiel’s fund.
Create an Instant account on Vauld (Referral code: nksnitin)
Vauld Review – Why Should You Use Vauld?
in this section, you will learn about the features of Vauld. Let’s take a look at the features of Vauld.
1. Vauld Has The Best UI/Design
In one click, Vauld lets you buy top cryptocurrencies including Bitcoin, Ethereum and Litecoin. It is perfect for beginners or someone who simply wants to invest in crypto.
It’s easy to use, simple and just the way it should be. You don’t have to look at charts or go through multiple listed currencies in order find what you need on the exchange platform. All you have to do is enter the amount, select a coin and click buy. It’s easy.
You can create a fixed deposit, buy and sell cryptocurrencies, check your balance or account information in one easy click.
2. Best Crypto Trading Platform
Vauld has a great platform for traders which includes low trading fees. Vauld allows customers to swap their cryptocurrency and get the best rates possible, as well as being able to trade on Binance’s market maker special program where they are paid in crypto!
Vauld’s Pro Trading Platform can help you start trading crypto as a professional or if your current trades are successful and you wish to move from the Instant Buy/Sell Platform. You can also get price alerts or place OTC trades with this broker.
You can buy any cryptocurrency on Vauld with Indian Rupees. You can also swap one crypto for another using their Instant Swap feature.
3. AIP – (Automatic Investment Plan)
Automatic Investment Plans let you buy cryptocurrencies on a recurring basis without any manual input. You can add individual tokens to your basket, or you can choose from pre-defined baskets. You may also customize or set your own as you do in Smallcase. With Automated Investing, you can automatically invest only when a coin dips below 2%, 5%, 7% and 10%. You can decide to purchase a basket of crypto every month, week, or daily.
I would suggest investing weekly into one of the top 5 cryptocurrencies if you’re a beginner. This would help create a hedge against fiat and reduce the overall risk of losing your capital. Since Bitcoin and Ethereum aren’t as volatile, these are good options for beginners to start with.
4. Borrow/Lending Funds Against Crypto
If you need some funds but don’t want to sell your crypto, Vauld is the right place for you. The borrow feature of Vauld allows us use our holdings as collateral and take loans against them! It’s also a smart way to save yourself from tax liability because we won’t be buying or selling any cryptocurrency.
The minimum loan amount is $100, and the loans are offered at a collateralization ratio of 150% plus. The collateral will be liquidated once it reaches 100%.
5. Earn Interest on Crypto
Vauld is an online platform that allows you to Earn interest on USDT, Bitcoin and other cryptocurrencies in just a few steps. The interest is calculated each day and the payouts are distributed weekly. Withdrawals can be made anytime after depositing funds into your deposit address.
One of the best opportunities for Indians to invest in cryptocurrency is through this exchange. You can earn 12% on your investments by swapping INR with USDT and putting those USDTs into a Vauld fixed deposit account.
Interest on investment is compounded every week or at the end of a term. There are three different types of interest rates: savings, fixed deposit, and borrowing rate.
6. INR (Indian Rupee) Trading
Vauld is a cryptocurrency exchange with liquidity of over $50 million. With instant deposits and withdrawals, it’s easy to buy or sell crypto with INR!
For trading in India, completing KYC is mandatory. You need to submit the following:
- Name, phone number or Email
- PAN card
- Address proof (AADHAR Card, Voter Id Card, Passport, Driving License, etc.)
- Live photo
Vauld Review: Trading Fee
For every token, there is a minimum deposit and transaction fee. There are no hidden charges involved with INR withdrawals. The transactions come completely free of charge. Compared to other Indian exchanges, Vauld is relatively lower in fees. There are no fees for makers. When you trade, you pay 0% maker fee and just 0.05% taker fee!
Vauld Review: Pros and Cons
Pros
- The platform is secure and insured with BitGo.
- No fees for INR deposit and withdrawal.
- They offer an interface that is beginner-friendly.
- Low trading fees & Deep liquidity
- Earn High interest rate
Cons
- No Tax software integration.
- Trading in Limited Cryptocurrencies
Is Vauld Safe or Not?
Vauld platform is secure and insured with BitGo. it is very transparent about the way their fees, liquidity structure and overall platform works. They have also disclosed how they are managed as an organization. If you’re having any liquidity issues with Vauld, remember that their exchange partner is Binance. This means there shouldn’t be a problem until Binance comes to the rescue soon!
If you’re interested in getting involved with the product development process and want to talk about new ideas or ask questions, Vauld’s community forum is a place for you. You can join this online chat room and connect with our team of experts who are always ready to answer your queries.
Vauld Review: Conclusion
Vauld is a crypto banking and investment platform with easy to use, simple user interface that will allow users who have experience using Nexo or Celsius to not find any issue understanding Vauld. The clear design makes it very easy for new users.
There is no doubt that Vauld has been one of the best crypto banking solutions in India. They have a growing userbase, and they add more token options to their platform every month. As time goes on, it would not be surprising if they became a go-to cryptocurrency trading platform for Indian citizens as well.
In conclusion, Vauld provides many benefits to its customers and helps you with your day-to-day spending needs. It’s an easy way to access cash in a time of need or spend cryptocurrencies when the market is weak. All that remains for you now is deciding which company best suits your investment goals!
Create an Instant account on Vauld (Referral code: nksnitin)
