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Vauld Review – A Must Read

Vauld is the gateway to the crypto world. It enables users to access the cryptocurrency trading market with one unified platform, no matter your experience level.

I know you are interested in learning more and understanding the full Vauld review before investing in it. So, let us see a quick Vauld review in this post. 

Vauld Review

Vauld Review

Vauld was established in September 2018. Pantera, a Singapore-based crypto venture capital firm, is their primary investor. They also have a team of seed investors, mainly from the cryptocurrency and financial communities. Darshan Bathija and Sanju Sony Kurian are both the Co-Founders of Vauld.

Vauld is a new crypto trading platform with a different approach to crypto trading. It enables customers to buy, lend, borrow and trade crypto assets from one unified platform to reduce transaction fees and wait times.

Users can manage their portfolios by lending out their assets to generate interest income in the form of Vauld tokens, or they can borrow other cryptocurrencies at fixed rates for short-term investments. Vauld platform also makes it possible for users to exchange cryptocurrencies with the help of smart contracts, which help them automate decentralized trade deals.

How To Sign Up?

Sign up process is the process to acquire new users for websites, apps, services, etc. It’s the first step towards your growth funnel.  The signup process is an effective way of encouraging your guests actually to register on the website. When the person opens your website for the first time, they will see many incentives offered on the website.

Step 1: Fill up your details.

Go to the vauld’s site to start your signing up process with your email id and fill up your details. 

  • Full name
  • Last name
  • Country
  • Phone number
  • Password and confirm password

Click on the signup to create your account.

Step 2: Activate your account.

Check your Gmail account and click on the link to activate your account.

Step 3: Sign in

Go to the home page and sign in with your email and password. Or You can sign up in the vauld app by installing it on your device.

Step 4: Complete the KYC online.

You could complete the KYC online by going to the KYC option given on the site or the app. 

While doing KYC, you’ll need to submit the following information:

  • Basic information about yourself (Name, Email ID, and Phone Number).
  • While doing KYC, you need to upload proof of address (Aadhar, Driving License, Passport, Voter ID).
  • PAN Card
  • Your photo.

 And the KYC gets completed.

Step 5: Link your bank account or crypto account.

Vauld
Image Credits – Vauld

Services Offered By Vauld

Vauld is a next-generation application for Indian and global investors and traders. It enables any investor and trader to get timely quotes for Financial products such as Mutual Funds, Savings/Fixed Deposit Rates, and other transactions such as buying or selling stocks or commodities. 

Vauld is a cryptocurrency platform that combines crypto trading, lending, borrowing, and crypto portfolio management. It is a decentralized crypto-fiat payment solution. It is an open protocol that provides a global payment service with a blockchain-based backend.

 Vauld does not charge any deposit fees, and the only fee levied is the network fee, which is the cost of operating on the network. It is a professional company focusing on blockchain digitalization. Vauld has an advanced technical team and resources to help solve the barriers between blockchain technology and potential users.

The USDT/INR pair has a 0.05 percent taker fee and a 0 percent maker fee. For the remaining pairings, the trading charge is 0.1 percent maker fee and 0.1 percent taker fee.

Vauld has a built-in KYC system to manage risk and compliance requirements for regulators in different jurisdictions. This includes strict know your customer (KYC) for all participants in our ecosystem from sender to receiver. The Vauld platform has a 0.1% fee for every trade, placing it among the lowest in the market. The minimum order size is $10, which makes it suited for casual traders. 

The Vauld platform has a mobile app available for iOS and Android users, so anyone will be able to stay on top of trades throughout the day. The Vauld app allows you to research financial markets, news, and other vital information to make an informed trading decision. The Best Cryptocurrency App In India has been created with the needs of retail (non-institutional) investors and traders in mind.

Experienced traders create a trading platform for both newbies and experts to make it accessible to everyone. It offers a wide range of cryptocurrencies that can be traded on the forum, including Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), and Litecoin (LTC).

Everyone can use Vauld to buy or sell cryptocurrencies like Bitcoin or Ethereum with low transaction fees and fast transfers. This is possible because Vauld’s transactions are based on blockchain technology which means there are no intermediaries between buyers and sellers for payment processing.

Pros 

  • Charges lowest fee of 0.1%.
  • USP feature.
  • No deposit fees.
  • It has an app for both iOS and Android.

Cons

  • Wazir X is more trustworthy than Vauld.

Final Words About Vauld

Vauld has brought about a fair and transparent crypto trading platform for its customers. Whether you are an experienced trader or simply using the platform to learn more about cryptocurrency, this site is one of the best digital platforms available to choose from.

It offers low fees, no minimum requirement for wagered crypto assets, and they also pay you to lend your crypto assets.

Vauld’s goal is to reduce the learning curve for new traders to start gaining experience more quickly. Not only does Vauld currently enable users to purchase, lend and borrow crypto assets, but it plans to expand its reach with the ability to trade fiat currency pairs shortly.

Vauld is different from other platforms on the market. Rather than making customers pay fees to trade on the platform, it pays them for lending/borrowing assets or providing new assets to be sold. 

This helps increase liquidity on the platform, which helps establish better prices for users of the forum. Although Vauld is only in public beta, it has great promise as a standalone crypto trading platform.

Frequently Asked Questions

  • What Is The Definition Of A Fixed Deposit?

    A fixed deposit is a time deposit that allows you to lock in an interest rate for its duration. Upon maturity, the principal, along with interest, is paid back to the account holder.

    The importance of a fixed deposit can be gauged from the fact that it is a secure product for investment. Also, a fixed deposit provides a higher interest rate than a savings account for a certain period.

  • How Frequently Will I Get Paid Interest?

    If you have funds in a fixed deposit, you will be paid every week. The fixed deposit interest rate is delivered to you after the fixed deposit term.

    So, if you have 1000 EUR in your wallet, you will get paid every week until the fixed deposit ends after 30 weeks. At this point, your funds are returned to you via bank transfer or by depositing money into your TransferWise account.

  • Is It Possible To Withdraw From A Fixed Deposit At Any Time? Is There A Charge For Opting Out?

    The flexibility of a fixed deposit is a great benefit. You would not want to withdraw your investment, but it’s nice to know that you have the option. These options guarantee the withdrawal amount for a term, and at the end of the term, you can choose whether to renew or withdraw your money.

    Maybe you have a sudden need for the money. Or an investment proposal seems too good to pass up on. Whatever the reason, you might want to opt out or withdraw from your Fixed Deposit as soon as possible. Opting out will not impact your interest rate, and you wouldn’t be charged any fees for opting out.

  • What Are The Withdrawal Fees?

    While many other exchanges might charge you a substantial amount as network fees the withdrawal fees, but Vauld charges no withdrawal fees. Only the necessary network costs will be subtracted. All this makes Vlaud so enticing to traders and investors alike.

  • What Are The Charges For Making A Deposit?

    A deposit is a pre-payment wire transfer that allows you to place your order with us. Vauld is one of the few terminals in the market which does not charge any deposit fees.

  • When It Comes To Withdrawals, What Are The Restrictions?

    Vauld is a peer-to-peer cryptocurrency exchange, which allows users to withdraw their funds with no restrictions.

  • How Long Does It Take To Process A Withdrawal?

    To make the process of instantly withdrawing money simple, vauld promptly processes all withdrawals, except for a few massive transactions. At the customer’s request, Valud manually evaluates the withdrawal’s validity. It’s possible to do this in as little as 6 hours.

    There may be delays before we can process withdrawals that exceed $100K. To withdraw instantly, we recommend that you send a maximum of $90K at a time.

  • Why Do I Need To Have A Vauld Manager Validate Significant Withdrawals?

    Vauld wants to give people a safe and secure way to earn online. With that in mind, they need to make sure that the business is as hard as possible for outside sources to compromise. 

    To make this happen, they have created a verification process that involves the Vauld manager verifying large transactions. It isn’t a perfect solution, but it provides a lot more security than most other options.

  • After I Deposit, Why Is There A Blockchain Transaction From My Wallet Address?

    Vauld is a lending platform, which means that all of your cash has been transferred from your wallet to a centralized lending pool, from which borrowers may obtain loans. BitGo houses its centralized lending pool, which is insured for $100 million against any risks.

  • What Options Do I Have For Depositing And Withdrawing INR?

    There are plenty of options available when it comes to depositing and withdrawing INR. The other method of depositing INR is to use an IMPS transfer and net banking, as this is instant and offers excellent value for money. You can also use NEFT or RTGS, but these transfers take longer.

  • When It Comes To Deposits And Withdrawals, How Long Does It Take?

    When you deposit money into your account using UPI or net banking, they’re processed instantly and credited to your bank account. This is because you deposit money directly into the bank account of the recipient. HOWEVER, for IMPS, RTGS, and NEFT, it takes one business day for the funds to show up in their accounts. 

  • Why Do I Need Multi-Factor Authentication, And What Is It?

    Having multi-factor authentication (MFA) enabled on your Vauld account will allow MFA to act as a 2nd layer authentication for all of your Vauld functions. 
    From the moment you log in to the system, you will be required to enter your username and password and a PIN, also known as a hardware token. With MFA enabled, a lot of online fraud attempts are blocked.

About Mohanraj

Mohanraj is SmartFinder's Top Editor.  Have written over 700+ posts for SmartFinder with a team of tech experts. Passionate about technology, Mohan is keen on bringing the latest tech news to millions of internet users in India. Find him on Twitter and Linkedin.

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