Vauld Cryptocurrency Exchange Review : Pros & Cons

About Vauld

Founded in 2019, Vauld(previously known as Bank of Hodlers) is a Singapore headquartered crypto lending and trading platform. It enables customers to buy, lend, borrow and trade crypto assets from one unified platform and is backed by Peter Theil’s Valar Ventures, Coinbase Ventures, Pantera Capital, and other major names in the industry. Vauld’s cold wallets are secured using BitGo.

With users in over 50 countries, Vauld makes it easier than ever to bank on the blockchain through a diverse spectrum of financial products and advanced trading features in addition to offering among the highest yields in the industry. Vauld offers multiple layers of security, including MFA and the option of Safe listing, which limits token withdrawals to addresses that you designate as safe.

Information Table

How To Register At Vauld Exchange?

To register on Vauld, click Register Now button at the top of the page. You can also start creating an account directly through the form on the main page.

You only need to enter your e-mail and come up with a password. If there is a referral code, it is also entered at this stage. Password requirements: at least 8 characters, numbers, upper and lower case.

Click ” Create Account ” then go to your email to verify it. Enter the code you received and registration is complete. You can start replenishing your account.

How To Verify Your Vauld Cryptocurrency Account ?

There is no mandatory verification at Vauld, but you can pass it if you wish. At the moment, the only restriction imposed on unverified users is the withdrawal limit of INR 2 Lakhs. In the future, depending on the actions of regulatory authorities, conditions may change.

For verification, you can use one of four documents to choose from: passport, driver’s license, identity card or residence permit. Artificial intelligence is used to evaluate the authenticity of documents. This service is provided by the Onfido online identification service, already used by the Vauld, Revolut platforms.

How To Buy Crypto Or Deposit Crypto At Vauld Crypto Exchange?

There are two main options for topping up your balance on Kraken. Firstly, you can buy cryptocurrency with a bank card – it’s fast and convenient. Go to the ” Buy crypto ” -> ” Buy crypto with a credit card ” section.

Choose a cryptocurrency (currently there are 13 coins available for purchase in this way). Enter the amount and select the fiat currency to be used for payment.

After that, you will need to select a payment channel: each of them has conditions. You can choose between Simplex, Mercuryo, Banxa and Moonpay. Click ” Buy ” next to the appropriate option.

Agree to the terms and confirm the transition to the site of the payment provider. Enter information about the card and its owner, confirm the transaction. Cryptocurrency will be credited to the exchange account within a few minutes.

Second Method

You can transfer digital assets to the balance of the exchange from any external crypto wallet. For this:

• Go to the “Deposit” section from the “Assets” menu.

• From the drop-down list, you can select the cryptocurrency you want to deposit into your account.
• The wallet address will appear. You need to copy it and send funds to it from another wallet or exchange. Please note that only bitcoin can be sent to bitcoin addresses, similarly with other coins.
• You can also click “Show QR code” – for transfers from a mobile wallet, this is a more convenient option.

How To Withdraw Crypto Asset From Vauld Exchange ?

Having completed all the necessary trading operations, it’s time to withdraw the received assets to an external wallet. Go to ” Assets ” -> ” Withdraw “. Please note that the operation is only available after enabling two-factor authentication in the settings. This is for added security and requires less than a minute, so don’t neglect this measure.

Select a cryptocurrency and enter the withdrawal amount. Each coin has its own withdrawal fee, for example, for BTC it is 0.00057 BTC. Click ” Output “. By default, the exchange processes applications three times a day, however, hourly withdrawals are available for Premium users. Also, the time of receipt of the cryptocurrency is affected by the workload of the blockchain network.

How To Secure Your Vauld Account ?

Also remember to go to the Security tab and activate two-factor authentication using the Google Authenticator app – this is the most reliable way to prevent unauthorized access to your account.

Vauld Fees

Savings Rate

The interest rates you receive as soon as you deposit your funds to Vauld

Fixed Deposit Rate

The interest rates you receive when you lock-in your funds in a Fixed Deposit

Borrowing Rate

Your borrowing rates for non-institutional borrowers. The minimum loan amount is for 1000 $.

Deposit & Withdrawal Fees

Vauld Team

Features Of Vauld Crypto Exchange

Available At Android & IOS Store

Vauld Cryptocurrency Exchange exchange application available on both world famous mobile store google play store and iOS store . You Can download App and start trading.

The origin of Bitcoin

In 2008, the government let the banks live by infusing 1.2 trillion dollars of the taxpayer’s money into a handful of banks. And then in 2009, something magical happened. Satoshi Nakamoto released his white paper which proposed a trust-less system to facilitate transactions in a purely peer to peer and decentralized fashion. This removed the need for a centralized authority like a government or bank, making it truly beneficial for every user holding the currency.

Store Of Value

The ability to keep their money in a safe place. Cryptocurrencies solve for this very well because – Trust in the ledger >> Trust in banks.

Capital Growth

Users will be able to earn interest or borrow money as and when they like, without having the need to liquidate their crypto holdings.

Easy Spending

An easy and convenient way to spend their money in the place of their choice – through a credit card backed by their crypto assets. A clean and efficient overdraft system.

Exchange

Users can easily exchange their cryptocurrencies for other tokens and FIAT currencies.

The Execution Of Our Vision

With your products and partnerships, this aim to provide a holistic banking system for your crypto and FIAT currencies. This connects the scattered economies of different cryptocurrencies and connects them to the global economy, which ensures a much greater value to crypto users.

24/7 Live Chat

If you’re awake, they are too. When you need help, your team of experts will work with you via 24/7 live chat to reach a quick and efficient resolution.

Vauld Conclusion

Meanwhile, the Vauld CEO says the company is now currently in discussions with potential investors in the Vauld group of companies. “They intend to apply to the Singapore courts for a moratorium i.e. a suspension of the commencement or continuation of any proceedings against the relevant companies to give us breathing space to carry out the proposed restructuring exercise,” says Bathija.