How To Earn Interest On Crypto With Vauld
In this guide, I’ll walk you through how to get started with the Vauld platform and earn interest on crypto!
Covered:
- How To Sign Up For Vauld
- Making A Vauld Account
- How To Use Vauld
- Depositing Funds
- Earn Interest With Vauld
Vauld is a unique alternative to popular centralized platforms like BlockFi or Celsius that allow you to earn interest. If you’ve stumbled upon Vauld and want to know how to get started with the platform, then look no further. Read on to get started!
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Making A Vauld Account
The first step to using Vauld is to make an account on the platform. In this guide, we’ll be using the desktop version, however, the signup page works the same for mobile users as well!
From the home page, click the blue “Get Started Now” button on the left-hand side of the screen.
From here, the signup process is fairly standard compared to all other signups; you’ll need to enter an email, username/password, phone number, and a confirmation code provided by Vauld. Following the signup, you will have to complete KYC (know-your-customer) verification in order to deposit funds to the platform (click here for an in-depth YouTube tutorial on KYC verification).
Depositing Funds
To get funds onto the platform, head to the Wallet tab highlighted at the top of your dashboard.
Next, you’ll want to select the asset that you wish to earn interest on. For this example, I’ll be using Ethereum, but any Vauld-supported token will work just fine.
After selecting your asset, a deposit address/QR code should appear on the right-hand side of the screen. From here, the deposit process is fairly straightforward: you’ll need to copy this address and paste it in the withdrawal section of the exchange you are trying to send tokens to Vauld from.
Once you’ve done that, give the exchange a few minutes to process your deposit, and your tokens should arrive shortly!
Earn Interest With Vauld
Now that you’ve deposited your funds, you’ll be presently surprised to know that there are no additional steps required to start earning interest on your crypto! Rewards will begin accruing automatically in your account by holding tokens on Vauld.
For a full list of the interest rates provided on Vauld, click here.
If you are interested in other ways to maximize your finances using Vauld, the platform does offer a few dollar-cost averaging strategies. The first and most popular is the Automatic Investment Plan (AIP), which schedules investments to be made automatically over time or based on certain conditions. For example, plans can be set up to buy crypto assets on a daily, weekly, or monthly schedule or when the price of an asset dips by 2-10%.
Additionally, Vauld’s unique “Buy the Dip” feature automatically buys set amounts of crypto-based on parameters you set. The program checks the current price of a token or basket of tokens against the price 24 hours ago. If, by comparison, the current price has dipped by the percentage you selected (such as 2% or 5%), the AIP triggers a buy order. Based on whether you have selected twice or three times per day, the AIP will wait 10 minutes after the first trigger to check prices again and repeat the process.
And that’s it! Now you have gotten a full overview of how to use Vauld to earn interest on crypto. Start earning interest today with Vauld by going here. If you have any more questions about the platform, be sure to check out Vauld’s FAQ section.
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Text source: CryptosRus
