The Vauld Crypto App, a prominent player in the cryptocurrency landscape, functions as a versatile platform offering a range of financial services. Established in 2018 and headquartered in Singapore, Vauld has garnered attention for its user-friendly interface and comprehensive services in the world of digital assets.
The purpose of this article is to comprehensively explore the features, safety measures, fees, recent updates, and pros and cons associated with the Vauld Crypto App. By providing detailed insights into its functionalities and recent developments, readers can make informed decisions about engaging with this platform. Throughout this exploration, we will focus on presenting a balanced view, highlighting both the advantages and limitations of the Vauld Crypto App.
Safety Measures of Vauld Crypto App
Multi-Factor Authentication: Enhancing User Security
Vauld Crypto App employs Multi-Factor Authentication, a robust security measure, to protect user accounts. By utilizing Google Authenticator, the app generates dynamic passcodes, ensuring an added layer of protection for user transactions and sensitive actions.
Partnership with BitGo and Insurance Coverage: Ensuring Financial Safety
In a strategic collaboration, Vauld Crypto App has partnered with BitGo, a highly reputable custodian in the crypto industry. This partnership guarantees secure custody services. Additionally, the platform has obtained insurance coverage from Lloyd’s of London, providing financial protection of up to $100 million against various threats, bolstering user confidence in the safety of their assets.
Cold Wallet Storage System: Minimizing Online Risks
Vauld Crypto App implements a cold wallet storage system, a secure method that keeps assets offline, reducing the risk of online cyber fraud. By storing digital assets in cold wallets, Vauld ensures that user funds are safeguarded from potential online threats, enhancing overall security.
Strategic Partnership with Binance: Ensuring Liquidity and Trust
Vauld Crypto App has established a strategic partnership with Binance, a renowned exchange platform. This partnership not only guarantees strong liquidity assistance for users but also ensures trust and credibility. By collaborating with Binance, Vauld Crypto App strengthens its position in the market, providing users with a reliable and secure trading environment.
Vauld Crypto App Fees
Trading Fees
Vauld Crypto App imposes a flat and consistent fee structure for all trading activities. Users engaging in buying and selling cryptocurrencies on the platform are subject to a standard trading fee of 0.1%. This fee applies to both market makers (liquidity providers) and takers (liquidity consumers). Unlike some other exchanges, Vauld does not offer volume-based incentives or tiers, making the fee structure straightforward. However, it’s important to note that there is an exception for the USDT/INR trading pair, where the maker fee is set at 0% and the taker fee is 0.05%. It’s crucial for traders to be aware of these fees to make informed decisions while trading on the Vauld Crypto App platform.
Account Fees
Vauld Crypto App does not impose any fees for creating or maintaining an account. Users can register and maintain an account without incurring any charges. This user-friendly approach ensures that individuals can access the platform without any financial barriers.
Withdrawal Fees
Withdrawal fees for digital assets on Vauld Crypto App vary and are categorized as dynamic. This means that the withdrawal fees can change based on Vauld’s discretion or blockchain network congestion. Users should check the current withdrawal fees for specific cryptocurrencies before initiating any withdrawal transactions. Being aware of the withdrawal fees is essential for users looking to move their digital assets from the platform to external wallets or other exchanges.
Account Activity Fees
Vauld Crypto App does not charge any fees for various account-related activities. This includes registering on the platform, maintaining an inactive account, and holding funds within the account. Users have the freedom to keep their assets in their accounts for any duration they prefer without incurring any additional charges. This fee-free approach encourages users to retain their assets on the platform and engage in trading activities without constant financial concerns.
Understanding the fee structure of Vauld Crypto App is essential for users to make informed decisions while trading and managing their digital assets on the platform. By being aware of the trading fees, account fees, withdrawal fees, and account activity fees, users can effectively plan their trading strategies and optimize their overall experience on the platform.
What is Vauld?
Vauld Crypto App, established in 2018 by Sanju Sony Kurian and Darshan Bathija, stands at the intersection of cryptocurrency banking and trading. Headquartered in Singapore, it has swiftly gained prominence in the crypto arena. Operating as a comprehensive platform, Vauld functions as a cryptocurrency bank and a trading platform, facilitating various financial activities using cryptocurrencies.
Vauld’s Functions and Services
Within the Vauld Crypto App, users are presented with a myriad of financial activities. This includes buying/selling, swapping, lending, and even taking out loans, all made possible using cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH). One of its distinct features is the ability to store cryptocurrencies in the app and earn weekly interest, akin to a traditional savings account. Additionally, users can opt for fixed deposits for their crypto assets, offering flexibility in their investment strategies. Vauld excels in delivering these services, ensuring a seamless experience for crypto enthusiasts.
Collaborations and Partnerships
Vauld Crypto App operates in collaboration with prominent entities in the crypto industry, strengthening its position as a reliable platform. Notably, it has a strategic partnership with Binance, a renowned exchange, guaranteeing robust liquidity assistance to its users. Furthermore, Vauld has partnered with BitGo, a highly reputable custodian in the crypto space, to enhance the security of users’ assets. These collaborations and partnerships underscore Vauld’s commitment to providing a secure and efficient platform for its users, ensuring a safe environment for their crypto transactions and investments.
Vauld Crypto App Features
Easy Availability of Loans
The Vauld Crypto App simplifies the process of accessing loans, making it easy for users to leverage their crypto assets. Through collateralized loans, users can unlock liquidity while benefiting from instant approval and transparent terms. The Loan-to-Value (LTV) ratio of up to 66.67% ensures flexibility in borrowing against crypto holdings. With a repayment window of around 30 days and the overcollateralization of loans by a minimum of 150%, users have the convenience of settling their loans at their convenience.
Simplified Trading Process
Vauld streamlines the trading experience with a user-friendly interface. The platform offers a comprehensive exchange equipped with advanced trading features and detailed charting tools. Users can trade more than 150 coins and trading pairs, denominated in various currencies including INR, USD, USDT, and BTC. Vauld’s integration with TradingView enhances charting capabilities, catering to the needs of both beginners and advanced traders.
Community for Crypto Lovers
Vauld fosters a vibrant community of crypto enthusiasts through its unique feature, Crypto Circle. This dedicated space facilitates discussions on global adoption and upcoming tokens, encouraging active engagement and knowledge sharing among users. Additionally, Vauld supports developers by offering comprehensive API support, empowering them to innovate within the crypto landscape.
Optimal Resource Utilization
Vauld optimizes resource utilization through its centralized pool system. User deposits are directed to this pool, enabling lending activities within the ecosystem. A separate float is maintained to accommodate withdrawals, ensuring liquidity for users seeking to retrieve their funds promptly.
Instant Swap Facility
The Vauld Crypto App offers an innovative Instant Swap facility, allowing seamless conversion between different cryptocurrencies without the need for intermediaries or specific currencies like INR. This streamlined process simplifies day trading and benefits individuals dealing with smaller transaction volumes. Users can exchange coins swiftly, incurring only a nominal fee tied to the blockchain, making it a convenient option for efficient asset management.
Pro Trading
Transitioning from the Instant Buy/Sell Platform to Vauld’s Pro Trading Platform is a seamless move for those wanting to engage in professional crypto trading. The platform provides diverse layouts and customization tools, allowing users to personalize their trading environment. Pro Trading on Vauld supports additional functionalities such as setting price alerts and facilitating over-the-counter (OTC) transactions, catering to the needs of experienced traders.
Fixed Deposit
Vauld offers a Fixed Deposit (FD) feature for various cryptocurrencies, including Bitcoin, Ethereum, and USDT. Users can engage in FD without incurring any fees, with the flexibility to withdraw their original bitcoin amount without charges upon canceling their deposit at any time. Fixed deposits provide elevated interest rates with lock-in options of one, three, or six months, encouraging users to earn passive income through their crypto holdings.
INR (Indian Rupee) Trading
Vauld enables seamless trading of cryptocurrencies using Indian Rupees (INR). With substantial liquidity exceeding $50 million, the platform ensures instantaneous processing of all deposits and withdrawals, facilitating a smooth trading experience for users based in India.
Enterprise API
Vauld’s Enterprise API offers a swift solution for establishing cryptocurrency wallets within a mere ten-minute timeframe. This comprehensive API serves as a singular platform to initiate and oversee wallets for a wide spectrum of cryptocurrencies. Users can benefit from multi-signature wallets, adding an extra layer of security to their assets.
Automatic Investment Plan
The Automatic Investment Plan (AIP) is a valuable tool for investors seeking to mitigate the effects of market volatility. This feature diversifies an individual’s investments across various assets at optimal intervals, maximizing potential returns. Users can create personalized AIP baskets, comprising assets they find suitable, ensuring optimal prices when purchasing cryptocurrencies. Vauld AIP operates seamlessly, allowing users to enjoy the growth of their cryptocurrency portfolio with minimal effort.
Referral Program
Vauld’s Referral Program actively encourages user engagement and support. When referred users engage in trades, the referrer earns 40% of the fees generated, along with 5% of the interest paid on held assets and 5% of the total interest accumulated from their loans. This initiative promotes community growth and incentivizes users to introduce others to the platform.
User-Friendly Interface
The Vauld Crypto App boasts an exceptional user interface and experience, characterized by its sleek and minimal design. Users can perform swift buy/sell actions, create fixed deposits, and check crypto balances with ease. The platform’s one-click instant buy/sell feature simplifies crypto purchases, making it ideal for beginners and those focusing on top cryptocurrencies. Vauld’s intuitive design eliminates complexity, providing a hassle-free experience for users.
Easy Registration Process
Getting started with the Vauld Crypto App is effortless. Users can set up their login credentials using various methods such as Gmail, Facebook, or Twitter. By providing necessary details like name, email address, personal mobile number, PAN card number, and proof of address (either Aadhaar or voter ID), users can open an account on the platform. The KYC verification process takes just a few minutes, enabling swift engagement in crypto trading, borrowing, and lending. Upon completion of the profile setup, users gain access to a range of options including a wallet, fixed deposit opportunities, a bitcoin exchange, and a referral menu.
Customer Service
Vauld’s customer service is a hallmark of its service. The platform provides assistance through ticket-based queries and live chat, bolstering customer satisfaction. Premium support is extended to users with substantial holdings, accompanied by dedicated account managers for those with custody exceeding $100,000, ensuring a high level of personalized service and support.
Conclusion
In conclusion, the Vault Crypto App emerges as a comprehensive and user-centric platform, offering a wide array of features tailored to meet the diverse needs of crypto enthusiasts and investors. With its emphasis on security through multi-factor authentication, partnerships with reputable entities like BitGo and Binance, and insurance coverage, Vault provides users with a secure environment for their crypto activities. The platform’s innovative features, including easy availability of loans, simplified trading processes, and the Instant Swap facility, enhance user experience and offer flexibility in managing crypto assets.
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