Vauld Review Earn Interest on Crypto

Vauld Review 2022: Features, Fees, Pros & Cons

In this Vauld Review for 2022, we will take a closer look at Vauld, how it stacks up, fees, security, features, pros and cons. 

Vauld is a “Smart Investing Crypto Platform” that allows users to invest without any stress. With Vauld, you can earn free passive income in crypto and earn the highest interest rates in the industry.

So, let’s dive into this Vauld Review, to help you work out whether Vauld is the right platform for your saving, borrowing, and exchange needs.

Vauld Review: How to Use Vauld to Earn Passive Income?

Vauld Sign-up Bonus

Vauld Pros & Cons

  • Earn up to 12.68% APY
  • No Deposit & Withdrawal Fees
  • Beginner Friendly
  • Fixed and Flexible Rates Available
  • Relatively New Platform

What is Vauld?

Vauld is a “Smart Investing Crypto Platform” based in Singapore that was founded in 2018, by crypto entrepreneurs, Darshan Bathija and Sanju Sony Kurian. It was initially launched under the name Bank of Hodlers (BoH), as a way of promoting its platform for those who hold cryptocurrencies to generate higher, long-term returns. However, it’s since rebranded as Vauld in 2020 and secured a $25 million investment in series A funding led by Peter Thiel’s fund.

The platform which is available for Desktop, iOS and Android, enables customers to deposit a wide range of cryptocurrencies and stablecoins and earn up to 12.68% interest on their assets. Users can also borrow using collateralized loans and buy and sell over 250 cryptos using their Pro Trading platform.

What is Vauld App?

Vauld Features 

Vauld was initially created as a platform for lending and borrowing crypto. However, this has now evolved to lending, borrowing and trading with their instant swap and pro trading features. With Vauld, users can earn some of the industry’s highest interest rates on major cryptocurrencies with rates up to 12.68%.

Vauld Features

Fixed Deposits

As soon as a user deposits their crypto onto the Vauld platform, they will immediately be earning interest on their assets. Payments are weekly, with the ability to withdraw at any time.

However, to get the best interest rates, users can deposit their assets into “Fixed Deposit” terms. Fixed deposits allow you to earn a higher interest rate on your funds, by locking in your funds for a 1-month period.

At the time of writing this Vauld review, users can currently earn up to 12.68% on fixed deposits on stablecoins such as USDT, BUSD and DAI. Or 6.7% for Bitcoin and Ethereum fixed terms.

Vauld Fixed Deposit

Crypto Loans

With Vauld, users can take out a low-interest loan against their crypto. Using the crypto in their Vauld wallet as collateral, users can get immediate approval for their loan and receive their tokens instantly.

Interest rates (the APR) are anywhere from 1% to 13%, depending on the cryptocurrency you are wanting to borrow against.  There are no hidden fees and loans can be paid back anytime, in any number of instalments.

Pro Trading

Alongside borrowing and lending, you can exchange and trade cryptocurrencies on Vauld, thanks to their Pro Trading exchange feature and deep liquidity pools. Vauld outsources liquidity to their exchange partner Binance to facilitate trades on their order books.

With Pro Trading, users can create market or limit orders at fees starting at 0% for Maker orders and 0.05% for Taker orders. Rivalling some of the most popular cryptocurrency exchanges.

Once you have traded for your crypto, you’ll instantly be earning passive income on it.

Vauld Pro Trading

Vauld Instant Swap

If you want to get the best rates with Vauld and you don’t already hold the token you can use their instant swap feature. Instant Swap is for users who want a simple, instant way to swap their tokens for other tokens.

With Instant Swap, you can trade from one cryptocurrency to another. However, these will be at the rate that is defined by Vauld.

Vauld Instant Swap

Automatic Investment Plan (AIPs)

The next feature is their Automatic Investment Plan (or AIPs). This is where users can create automatic functions like buying the dip or investing in crypto baskets.

The Crypto Baskets, allow users to create their own basket of cryptos to automatically invest in through AIP. There are some popular predefined baskets to choose from or users can create their own baskets too.

Perfect for times like right now, users can choose to “Buy the Dip” on specific crypto. So, when the price drops below a certain value order, is placed on their behalf.

How to Create Automatic Investment Plan on Vauld

Vauld Mobile App

Vauld offers a mobile app that is available to download on their site for iOS and Android. The app essentially mirrors the Vauld platform, meaning that you can keep a track of your account from anywhere.

Vauld Mobile App

Vauld Supported Cryptocurrencies

Vauld supports a wide range of cryptocurrencies and tokens. These include some of the most popular cryptos including Bitcoin, Ethereum, DOT, BNB, SOL, LTC and ADA. Plus stablecoins such as BUSD, DAI and USDT.

Some supported cryptocurrencies are “Trade Only tokens” meaning that Vauld users can only buy, sell and trade with these tokens. However, with other tokens, you can trade, deposit and withdraw whilst earning interest on them.

More recently, the Binance Smart Chain BEP20 tokens are now supported on the platform bringing with it 238 new tokens. More tokens with BSC integration will also soon follow, along with multi-chain deposit and withdrawal capabilities.

For a complete list, they advertise the supported cryptocurrencies on their website

Vauld Supported Cryptos

Vauld Fees 

With Vauld, there are zero fees for deposits onto the platform. If you choose to withdraw, you are not charged a fee by Vauld. However, you will need to pay a fee for the transaction, which will depend on the network.

Due to Vauld’s recent integration with the Binance Smart Chain, these fees can be greatly reduced by choosing to withdraw to a BEP20 address (where the fees are lower). Or alternatively withdrawing on platforms such as XLM.

You will also need to pay a fee when exchanging your crypto using their Pro Trading feature. These fees start at 0% for Maker orders and 0.05% for Taker orders. Which are very low, especially if you compare these to an exchange like Coinbase Pro where trading fees are 0.5%

Vauld Support

Vauld customer service is a little limited. However, they have a support centre where users can seek advice and answers from the Vauld Team. Or you can use the chat function via their website to search for help.

Users who have more than $10,000 on Vauld, receive a premium support service with a dedicated account manager and the ability to schedule phone calls with the support team.

Vauld Customer Support

Is Vauld Safe? 

Vauld takes security seriously with their centralised lending pool being stored with BitGo, the market leader in cryptocurrency custody. To ensure their security, the funds are managed by them through a multi-signature system.

Based on their security measures and our experience of Vauld, we would say yes, Vauld is safe. By enabling 2-factor authentication Vauld users can protect their account using a one time code for actions such as logging into their account.

Vauld has insurance of $100 million dollars against potential threats and a partnership with BitGo, the most trusted custodian in the crypto industry.

Vauld Alternatives & How Do They Compare?

You may be aware that there are many crypto lending platforms available to investors. So, how does Vauld compare to the likes of BlockFi, Nexo and Celsius?

Vauld, like Nexo, does not penalise its users for larger crypto deposit amounts, unlike BlockFi and Celsius, whose rates reduce depending on the amount of crypto you deposit.

Although Celsius and Nexo both offer some attractive rates, to get the best rates, you’ll need to be holding large amounts of their own tokens and be paid out in them.

For a full comparison check out our video and also our Defi Lending & Staking Rates page.

Verdict: Should You Use Vauld?

If you’re looking for some of the best interest rates in the industry on your crypto then Vauld could be a great choice. With lending rates up to 12.68%, it’s a great way to earn passive income. Plus with the integration of their trading features and low fees, users need not leave the platform to get the best rates.

Although a relatively new platform, Vauld has taken steps to ensure the security of its customer’s assets.

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