What is Vauld?
Vauld is a cryptocurrency loan and borrowing platform that also offers investing opportunities. It provides liquidity from Binance, where trading fees are lower, to retail consumers all around the world. It also has its own bitcoin exchange where trading cryptocurrencies is possible at reasonable prices!
This programme lets you to manage your cryptocurrency assets, as well as lend, borrow, and trade cryptocurrencies like Bitcoin and Ethereum. The platform allows for the instant exchange of crypto assets for fiat money. Users can earn income by investing in coins through the platform’s lending service. It was once known as the Bank of Hodlers.
History of Vauld and it’s Funding
Vauld, originally known as Bank of Hodlers (BoH), is a platform with no tokens. It went live at the end of 2018. Bank of Hodlers was renamed Vauld in 2020. The company’s primary service is a loan and borrowing platform that serves people from all around the world. BoH was founded by two Indians and is located in Singapore, where it also has its global headquarters.
Darshan Bathija is Vauld’s co-founder and CEO.
Vauld’s chief technology officer is Sanju Sony Kurian.
Here’s how you can create an account on Vauld in an instant.
Why you should be using Vauld
- It has the best user interface/design.
Vauld allows you to buy renowned cryptocurrencies such as Bitcoin, Ethereum, and Litecoin with a single click. It is ideal for beginners or those who just want to invest in cryptocurrency.
It’s straightforward, easy to use, and precisely the way it should be. You don’t have to sift through charts or various listed currencies to discover what you’re looking for on the exchange platform. All you have to do is input the money, choose a coin, and hit the buy button. It’s simple.
With a single click, you may set up a fixed deposit, purchase and trade cryptocurrencies, and view your balance or account information.
- The Most Effective Crypto Trading Platform
Vauld offers an excellent trading platform with cheap trading fees. Vauld makes it possible for its users to swap their cryptocurrency at the best available rates, as well as trade on Binance’s market maker special programme, where they get compensated in bitcoin!
Vauld’s Pro Trading Platform can help you get started trading cryptocurrency as a professional, or if your existing trades are profitable and you want to move away from the Instant Buy/Sell Platform. With this broker, you can also receive price notifications and execute OTC deals.
With Indian Rupees, you may purchase any cryptocurrency on Vauld. You can also use their Instant Swap option to exchange one cryptocurrency for another.
- Trading in INR (Indian Rupees)
Vauld is a cryptocurrency exchange with approximately $50 million in liquidity. It’s simple to buy or sell cryptocurrency with INR thanks to quick deposits and withdrawals!
Completing KYC is required for trading in India. You must supply the following documents:
- Name, phone number or Email
- Address proof (AADHAR Card, Voter Id Card, Passport, Driving License, etc.)
- PAN card
- Live photo
Advantages of using Vauld
- BitGo secures and insures the platform.
- There are no fees for INR deposits or withdrawals.
- They provide a user interface that is suitable for beginners.
- Low trading costs and high liquidity
- Earn Interest rates are extremely high.
Disadvantages of using Vauld
- There is no Tax software integration.
- Trading in Strictly Limited Cryptocurrencies
Safety of Vauld Platform
With BitGo, the Vauld platform is safe and secure. It is quite open about their fees, liquidity structure, and general platform operation. They have also revealed how they are managed as a company. If you’re having trouble with Vauld’s liquidity, keep in mind that their exchange partner is Binance. This means that there shouldn’t be any issues till Binance comes to the rescue!