How to Build Wealth on Vauld - Earn Upto 12.68% Interest On Cryptocurrencies
Viswanadh Chowdari K
?? Scaling Startups & SMEs to 3X ROAS in 90-120 days | Growth Hacker | Brand Strategist | Business Analyst | Ex-Entrepreneur | 30K+ Connections | Web 3.0 Enthusiast | Let's Connect & Grow! ??
Best crypto platform India
Vauld?has a $50 million controlled liquidity pool to purchase and sell cryptos with ease. For exchange functions, they have Binance as a tech partner. Beginners and experienced traders alike will find the platform simple to use. Orders can be placed, and money can be sold and withdrawn quickly.
Vauld?is a lesser-known cryptocurrency exchange in India because it put in a lot of effort into developing the product before spending money on marketing. a simple and easy-to-use software, lightning-fast bank transfers, and a slew of low-cost investing alternatives
How is it Different??
Let's look at how?Vauld?is able to provide such high returns on crypto fixed deposits.
Normal cryptocurrency exchanges accept your funds and enable you to purchase and sell cryptocurrencies. Your unspent cash and cryptos sit in the exchange like cash in a locker rather than in a savings account.
The most profitable alternative for passive investors is to earn up to 12.68 percent interest on cryptocurrency fixed deposits. According to CeFi Rates,?Vauld?is one of the top five areas in the world to earn interest.
Vauld?claims to "create wealth automatically with cryptos," and I believe it lives up to that claim.
Make an interest-bearing fixed deposit.
You can earn Money by producing crypto FDs in?Vauld?.
Stablecoins like as USDT, DAI, USDC, and BUSD offer an annual percentage yield of 12.68 percent.
6.70 percent annual percentage yield on key cryptocurrencies such as BTC, ETH, and XRP
3.04 percent APY on BAT, COMP, UNI, SUSHI, and AAVE tokens
Vauld?accepts fixed deposits in 30 of the most popular cryptocurrencies. Select the coin and then click "Create Fixed Deposit."
Although the FD auto-renew option is pre-selected, you can use the "advanced options" to renew only the principal amount.
The interest is calculated daily and paid weekly on all cryptos held in the FD. The best aspect is that there are no fees or penalties associated with closing an FD account.?
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Borrow Cryptos?
Vauld?allows you to borrow money using your crypto assets as collateral. You can borrow specific crypto in order to use the linked services.
Vauld?provides loans with a higher than 150 percent collateralization ratio. That means you'll have to put up $150 in cryptocurrency as collateral for a $100 loan.
Vauld?Platform and Security
You can use your smartphone, laptop, or PC to access the?Vauld?exchange platform and services. Browser-based web platform for iOS and Android mobile app devices
The platform is simple and intuitive to use, with all of the functionalities conveniently located on the dashboard.
Binance is their exchange technology partner. You have a solid platform that is simple to use and browse, with quick buy/sell trades, money deposits and withdrawals, and FD creation.
Vauld?uses Google Authenticator in conjunction with Multi-Factor Authentication (MFA).
For login and any key action on the platform, such as fund withdrawal, you will need to enter the dynamically changing passcode.
Plan for Automatic Investing (AIP)
AIP works in a similar way to SIP-based mutual fund investment. AIP provides for automated small-scale investments in a crypto basket on a regular basis. The option is beneficial for new investors who want to construct long-term crypto portfolios over time.
Fees for trading
Trading in crypto pairings with?Vauld?is the cheapest, with fees as low as 0.1 percent. This is half of what other crypto exchanges like?WazirX?charge, which is 0.20 percent and higher.
Final Words
Vauld?provides a solution for crypto investors to build long-term riches. Beginner investors can build a solid crypto portfolio using the AIP and fixed deposits.
You can earn up to 12.68 percent interest on cryptos that would otherwise be sitting in your account unused. I recommend that you register a?Vauld?account because the platform is simple to use and navigate, and the money deposits are quick, resulting in a hassle-free user experience.
The top three bitcoin exchanges in India are?—?CoinDCX,?WazirX, and?Coinswitch Kuber,?users have to sign up with their KYC credentials, download the app, and buy cryptocurrency. These exchanges also help you to monitor the value of cryptocurrency and buy or sell it.
NOTE:?Cryptocurrencies have a high degree of volatility. Speculation is the lifeblood of the bitcoin market. Investors make speculative wagers that result in a large inflow of cash or a large outflow of cash, resulting in significant volatility.
Disclaimer: No part of the content and services that we provide constitutes financial advice, legal advice, or any other form of advice meant for your specific reliance for any purpose. Everything we provide is for educational purposes only. Any use or reliance on our content and services is solely at your own risk and discretion. This is not financial advice. I am not crypto or financial expert. This is not advice for trading. All expectations of your wins & risks of losses are on you. CryptoCurrency or NFT investing is just like any other financial investment which is subject to different kinds of risks. Please be aware of everything before Investing.?