Vauld is a new cryptocurrency investment platform that allows you to earn interest on your cryptocurrency investments. It will allow you to make money even if the market is down and also lets you know when it’s time to buy or sell.
You will learn more from this Vauld review post. I started using Vauld a couple of weeks back – a very neat and easy-to-use app, super fast fund transfer and a bunch of cost-effective investment options.
I prefer this because I think crypto investors should be allowed to do what they want with their coins (if they can’t withdraw them).
But for people like me who prefer not having full control over our cryptos but still earning from them via other means then yeah, it’s a pretty sweet deal.
I started using Vauld a couple of weeks back – a very neat and easy-to-use app, super fast fund transfer and a bunch of cost-effective investment options. I prefer this because I think crypto investors should be allowed to do what they want with their coins (if they can’t withdraw them).
What is Vauld?
Vauld is a new cryptocurrency investment platform that allows you to earn interest on your cryptocurrency investments. It will allow you to make money even if the market is down and also lets you know when it’s time to buy or sell.
They also offer a crypto exchange where liquidity is sourced from Binance and where you may trade cryptos with the lowest trading costs.
There is no doubt that Vauld has a solid management team behind it. Click here to install Vauld app. Use Code: GETLOAN
Also Read: Best Cryptocurrency to invest in 2022
Brief History Regarding Vauld App
Previously, Vauld was known as the Bank of Hodlers (BoH). They do not have a token, unlike other platforms. Vauld was introduced in the fourth quarter of 2018.
In 2020, Bank of Hodlers (BoH) rebranded its Vauld, which is primarily a crypto loan and borrowing platform that services people from all over the world. Darshan Bathija, Co-founder and CEO, and Sanju Kurian, CTO, are the two Indian founders of the firm, which is located in Singapore.
Benefits of Vauld App
– Usually, earning 12.68% APY on Cryptocurrency Fixed Deposits.
– Trade on a vast order book and earn interest on your tokens.
– Borrow up to 66.67 per cent LTV and pay back whenever you want.
– Use FIAT to buy and sell 30+ cryptocurrencies and tokens, including BTC, ETH, XRP, and USDT, at the best market rates (USD, GBP, EUR coming soon)
– Investment instruments that allow you to acquire cryptocurrency automatically when the market falls.
– 24/7 customer support.
Also Read: 5 best crypto to invest
Vauld Review- Should you try this?
We are going to write an in-depth review regarding the Vauld app, the best crypto investment platform for Indian. So stay tuned for that.
No Money Deposit Charge
Vauld app does not take any fees or charge for depositing money to the platform.
You may deposit INR cash to purchase cryptocurrency and earn interest on them.
Provide your bank account number and IFSC code to link your bank account. Vauld will validate your banking information by putting Re.1 into your account.
To make UPI deposits, you must first have your underlying bank account connected with the UPI ID validated by Vauld.
My bank verification was completed in an instant. Vauld accepts INR deposits by card, UPI, online banking, IMPS, NEFT, and RTGS.
However, when you make a transfer, it only shows RTGS, IMPS, NEFT, and UPI. You can deposit a minimum of Rs. 1 to a maximum no limit.
It takes approx 5 minutes to deposit money into your Valud wallet. This is much faster compared to WazirX or CoinDCX.
Also Read: Stashfin personal loan
Earn Interest Rate
Vauld offers you to earn an interest rate on your cryptocurrency investment.
You may deposit 0-100 per cent of the value in crypto and earn up to 12.68% APY on an annual basis, which is pretty high when compared with other cryptocurrencies lending platforms like WazirX or Bitbns.
For Indians, this is a fantastic opportunity to take advantage of the deal and earn up to 12.68% on their INR.
Take loan against Crypto
Vauld allows you to take Crypto loans against your crypto holding.
This is also a clever approach to avoid paying taxes because you’re not buying or selling crypto, but rather using it as collateral to borrow money. With the help of a financial advisor or a chartered accountant, you can investigate potential tax savings.
Also Read: Lazypay personal loan
Buy, Sell and Trade Crypto Tokens
Vauld also lets you trade in various cryptocurrencies at the best market rates. You can buy or sell 100+ tokens including BTC, ETH, XRP & USDT. The platform currently supports only fiat-to-crypto pairs with a limited number of cryptos for trading purposes.
However, there are plans to add more crypto assets soon enough as well as expand their services to other international markets outside India too!
Vauld is planning to make this available globally very soon but it may take some time before they officially apply for licenses in different jurisdictions around the world. Currently, you can deposit INR from your bank account using UPI ID, debit card, online banking or via NEFT/RTGS.
Fees & Charges using Vauld
Vauld app does not take any fee regarding money deposit or withdrawal for this service to the platform, which makes it pretty good when compared with other lending platforms like WazirX or Bitbns.
Depositing fiat (INR, USD, and other currencies) into your Vauld account is completely free. It’s entirely unrestricted.
There really is no such thing as a cheap creator. On your transaction, you pay no maker cost and only a 0.05 % taker fee.
Vauld charges a 0% fee for every withdrawal made to the user’s bank account. There is no minimum or maximum amount of money that can be withdrawn, which makes it very lucrative when compared with other loan lending platforms like WazirX or CoinDCX.
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