Vauld is a crypto bank that provides all the services offered by a bank for purchasing crypto, lending, loaning, trading, and spending crypto. The consumer uses the services of Vauld to organize their held crypto, and can still keep, lend, buy, sell, and swipe cryptocurrencies. Consumers can be sure of their funds placed on Vauld as all the rules of security are strictly followed.
Users can easily spend their cryptos at their favorite marketplaces with credit cards that store their cryptos. Vauld permits consumers to earn interest for their deposit of cryptocurrency, and also borrow crypto against their demand. In order to borrow, the user does not have to liquidate their crypto. Vauld offers an easy exchange policy for all consumers.
If other platforms also reduce their exchange fees to 0.05% (less than 1%), this fee is much less than other platforms, which is beneficial and economical for the consumers and also helps in giving higher profits. Vauld has the interest earning feature and offers the highest interest in crypto in the industry on all the main cryptocurrencies.
Users get weekly payouts on their tokens. So as soon as consumers deposit their crypto, they immediately start earning. There are three categories of interest paid: 1 Savings Price: This is the interest category that a consumer gets immediately after depositing their crypto on Vauld.
Vauld DAI, TUSD, USDC, PAX, and BUSD are paying 9% interest. Here you get 5% saving interest in bitcoin and ethereum. 2 Fixed Deposit Value -When a consumer deposits his crypto for a fixed period, he gets the interest. Vauld has a scheme of 11% interest on DAI, TUSD, USDC, PAX, and BUSD. On Bitcoin and Ether, the interest is 7%. In fact, the interest rate varies from crypto to crypto currency.
The interest repaid revolves every week in a compounded manner or upon completion of a fixed deposit period. 3 Borrowing Value - The borrowing price is primarily for non-institutional borrowers. The loan should be at least $100. Vauld facilitates a 12% interest rate on borrowings from DAI, TUSD, USDC, PAX, and BUSD. This interest is 8% on bitcoin and ethereum.
Supporting multiple tokens, Vauld provides the facility of trading on its platform across multiple tokens and with all lending facilities. Vauld provides new tokens on its platform regularly on demand. The consumer has complete control over their funds.
Consumers can withdraw their funds whenever they want and as per their needs. Consumer service is a priority for Vauld to provide better services to consumers. The bank provides consumers with over $1000 in their accounts, the facility of a personal manager. The platform provides the best consumer service.
Weekly Compound Payment Vauld calculates the interest every day and re-deposits it in a compounded manner every week or upon completion of the specified time. Keeping Track of Funds-Users can continuously check the status of their investments, funds from the dashboard created by Vauld.
Platform Security- All fund industry patrons are protected by Bitgo. This platform also offers all the traditional facilities provided by traditional banks but in a more secure manner with all transparency.
Vauld’s referral program is based on “Start Sharing” and “Start Earning”. This referral program of this bank is much better and profitable than other platforms. You will earn if the person referred by you begins any financial activity on the exchange. You will get 40% of the trade fees made by your referral, 5% of the interest paid on their crypto, and interest on the loan taken by them. Vauld gives you the option of starting a campaign and kickback.
Conclusion: Vauld aims to describe the power of crypto to its consumers, how and when to use their digital assets. Another aim of Crypto Bank is to create a banking system that is fast, secure, and decentralized. Their purpose is to take advantage of this system with a permissionless blockchain. You can go to Vauld’s website for further information. You can also join Vauld's telegram channel for further information.
By the way, they have a referral system with this program. Please note, the Vauld Bank offers different interest rates for different coins.
They say borrow against your tokens and take a low-interest loan against your existing crypto assets.
If anyone is interested please try their website (Not a referral link)