The Vauld crypto exchange was founded in 2018. Headquartered in Singapore, Vauld used to serve as a crypto saving and lending platform. However, due to a lack of capitalization, Vauld suspended all withdrawals, trading, and deposits in July 2022.
Nevertheless, Vauld supported users in different countries, including the USA. It allowed them to use the platform through desktop, Android, and iOS devices. Though all users had to complete KYC to start trading.
Markets
The Vauld cryptocurrency exchange offered many coins and a wide range of Vauld trading pairs, as well as different fiat currencies. In addition to offering trading in derivatives and margin, users were also able to enjoy trading in Vauld spot and futures.
Traders were also able to use Vauld's Instant Swap service. Vauld featured a large number of swapping pairs for prominent crypto assets such as Bitcoin and Ethereum, allowing users to convert these tokens into any token supported by Vauld’s crypto exchange.
Concerning Vauld exchange fees, it imposed a fixed crypto fee for both makers and takers. The fee stood at 0.1% per transaction. As opposed to several other platforms, there were no rewards or levels based on Vauld trade volume. The USDT/INR trading pair was the only exception to this uniform Vauld crypto fee, with a 0% maker fee and a 0.05% taker fee. That made the Vauld crypto price similar to the industry average.
Other Services
Another method to utilize Vauld was to take out loans. Its crypto-backed loans provided a mechanism to obtain financing without going to a central bank. Anyone was able to borrow up to 66.67% loan-to-value (LTV).
Vauld also featured a Pro Trading function that allowed users to make more customized transactions rather than swapping quickly. In addition to several basic charting tools used to inform trades, traders could also make limit or market orders.
Besides that, users were also able to earn rewards through the Vauld referral program by introducing new users.
In addition, Vauld provided community involvement alternatives like the Crypto Circle. It was a forum where users were able to talk about more general aspects of cryptocurrencies, such as worldwide acceptance and forthcoming tokens.
About the Company
Founded in 2018 by Darshan Bathija and Sanju Kurian, Vauld operated as a reliable platform with no reported hacks. Since Vauld is down (as of February 2023), there’s no Vauld volume. However, note that, even though the project suspended all withdrawals, trading, and deposits in July 2022, the founders plan to reconstruct it and make the exchange active again in the future.
