NOTE: Customers from United States are not allowed to trade or register at this broker. We would recommend a different broker at our toplist here.
Hodl Hodl is a global peer-to-peer (P2P) Bitcoin trading platform that lets users trade directly with each other. P2P exchange trading differs from centralized exchanges, where traders sign up on regulated platforms requiring initial requirements through KYC. Hodl Hodl focuses on enabling global trade in digital assets through an anonymous platform that lets traders connect directly with each other through several servers. Hodl Hodl is a non-custodial platform, so users do not need to deposit any funds before trading. P2P trading on Hodl Hodl matches open and pending orders to execute a trade instantly with a small network fee to keep the platform running optimally.
NOTE: Customers from United States are not allowed to register. Find another broker here.
Trade globally on Hodl Hodl, is your go-to P2P Bitcoin platform that doesn't hold your fundsCryptoLists.com
Background & Overview
Hodl Hodl has been featured on Crypto Lists, Twitter, and Reddit, where a growing community of traders recommend the platform for its P2P support, among other exclusive features. Hodl Hodl reduces third-party risks by using multisig escrow accounts. This infrastructure is similar to smart contracts where the buyer and seller of the traded crypto asset have private keys. The buyer sends funds to an address while the seller ships the crypto to the address. If both parties are happy, they sign the address and release the funds from the escrow account.
Since assets are borrowed against Bitcoin, the value of the collateral is higher than the value of the borrowed asset; therefore, all loans must be over-collateralized. Loan-to-value (LTV) ratios often range from 30% to 80%, depending on the borrowed asset. The process is supported by a multisig escrow account, just like a regular trade.
The lender delivers the asset, and the borrower must pay back within the specified time or risk a low rating that may prevent future lending. The interest has to be paid before the loan maturity period, which can be specified for up to 1 year.
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Advantages at Hodl Hodl+ No complex verification process for signing up.
+ Non-custodial platform for added security.
+ Hodl Hodl offer competitive fees.
+ Easy registration and trading.
Disadvantages- Hodl Hodl is not entirely decentralized.
- Only Bitcoin exchange is allowed.
- Transaction fees are incurred if you're not making an offer.
- Platform/Interface isn't the best.
- This peer to peer exchange don't have any mobile applications.
KYC & Registration
When signing up, users on Hodl Hodl are not subjected to any KYC requirements. However, those who provide additional details are eligible for certain commissions and waivers on transaction fees. Verified profiles are displayed as "Verified" for other users to see and may attract more trades and contracts.
Business accounts aren't possible on Hodl Hodl.
There is no leverage available at Hodl Hodl.
Costs▪ Rated at 10/10
Every transaction is subject to fees on the platform. Newly registered users pay a transaction fee of 0.6%, which can be waived to 0.55% for referees. The applicable minimum fee is 0.5% which can be unlocked if you complete the verification process. This fee is split between the buyer and seller equally on all transactions and is deductible at the end of a contract.
Deposit Methods▪ Rated at 10/10
Below you can see a list of the deposit methods available on Hodl Hodl. Some of them may not be available in United States as it depends on regional regulation, but normally the most common payment methods are available across numerous countries.
There are multiple ways to deposit funds on Hodl Hodl ranging from debit cards with fiat to crypto payments and mobile payment platforms. The deposit method does not affect a trade and is generally used for filtering or informational purposes. Geographical factors may limit payment options in the country since the platform is available in several regions and is currently accepting Russian citizens.
Read more about the deposit methods at Hodl Hodl here.
Platforms▪ Rated at 9/10
Hodl Hodl features a simple user interface with clear sections. New users can easily navigate to the "Register" section in the right corner of the website at hodlhodl.com. After providing an email address, username and payment password, your account is ready for trading.
The platform allows you to specify your time zone to customize your working hours and simplify transactions. Editing your profile includes options to set up 2-factor authentication, API access and connect P2P profiles from other platforms. You will also provide your Bitcoin address in the "Trading Settings" option. Hodl Hodl does not have a native token and only supports Bitcoin
Buying and Selling
As soon as you register on Hodl Hodl, you can buy Bitcoin instantly. The "Buy Bitcoins" section lists the available offers, which you can filter by the number of Bitcoins, mode of payment or fiat currency. After finding the acceptable offer, accept the offer and proceed to create a contract. The contract is initiated, and you can send the payment while the seller deposits the Bitcoin in escrow.
Sellers go through the same initial process except for sending payment. They generate an escrow where they can deposit the Bitcoin for temporary holding as payment is processed.
Hodl Hodl lets traders access several expressions to create offers. Users can post different price ranges corresponding to Bitcoin prices. When a user creates an offer, they can define the time frame associated with the payment and the number of confirmations before the payment window is activated. Users can specify maximum limits on the first trade for first-time trades with known users as a security feature.
The platform has a feedback feature that lets buyers and sellers review each other on the completion of a trade. Since the platform is decentralised, these reviews effectively create an oversight role where traders can view others' profiles before initiating trades or lending. Users can only give feedback when the trade is complete or when raising a dispute.
Automated Trading and Copy Trading
There is no autotrade or copy trade functionality on Hodl Hodl at this given time.
Languages supportedThe following language is supported on Hodl Hodl:
Broker Support▪ Rated at 9/10
Complaints or concerns are promptly handled within 24 hours for most cases. You can open a dispute or contact the support team via email at [email protected]. Hodl Hodl also provides video tutorials on YouTube as well as an updated blog on Medium.
Other Names for Hodl Hodl
Hodl Hodl is or has also been known under the following names: Hodlex Ltd.
Where can I register for Hodl Hodl?
The best way is to open an account here and if you have any further questions you can get in touch with their support directly.
Is Hodl Hodl a legit site?
Yes, the platform is legit. It is recognised by Crypto lists and a growing community of traders due to anonymity and safety protocols.
What is the third-party integration status?
Hodl Hodl is one of several Bitcoin exchanges, so users can show their profiles from external P2P exchange platforms, including Paxful and LocalBitcoins. On your Hodl Hodl profile, you can request for your other profiles to be displayed, and the process usually takes 24 hours to be approved.
Who are the main users of Hodl Hodl?
HODL HODL mainly works with individuals, small and mid-sized businesses, as well as freelance and non-profit organisations.
Which applications can be integrated with Hodl Hodl?
The platform integrates with major crypto exchange platforms, including Binance, Bitfinex, Coinbase, and Kraken, among others.
Is Hodl Hodl safe?
Yes, the platform is safe. Multisig Escrow accounts ensure a trade is completed only when the buyer and seller are in agreement.
History of Hodl Hodl
November 2018 Hodl Hodl acquires funding from two outside investors.
May 2019 The platform launches Bitcoin prediction market.
December 2020 Hodl Hodl secures further funding from Fulgur Ventures
Find the full list of instruments available to trade at Hodl Hodl here. Some crypto pairs on Hodl Hodl include:▪ Rated at 4/10
Crypto CurrenciesBTC/USD, BTC/KRW, BTC/EUR, BTC/JPY, BTC/TRY, BTC/CAD, BTC/AUD, BTC/BNB, BTC/BUSD, BTC/BCH, BTC/DASH, BTC/DOGE, BTC/ETC, BTC/ETH, BTC/LTC, BTC/SOL, SOL/USDT, BTC/USDT, BTC/XRP, BTC/XLM
›› Sign up at Hodl Hodl here
NOTE: Customers from United States are not allowed to register. Find another broker here.
Screenshots from Hodl Hodl
Related blockchain? Learn more about Bitcoin BlockchainBitcoin Blockchain is the blockchain that Hodl Hodl relates to, so it's worth reading more about it below.
A couple of decades ago, the financial world was taken by storm by the introduction of digital currency. The first of its kind is Bitcoin, which is also the world's most known cryptocurrency and blockchain. Among others like Ethereum, this digital asset operates on a technology known as the blockchain, hence the term Bitcoin Blockchain...
›› Read our full Bitcoin Blockchain review here
Bitcoin is the first major blockchain, consisting of an innovative payment network and a new kind of money.
Read the Hodl Hodl Terms and Conditions here.
Hodl Hodl Review Published: Tuesday, 18 Oct 2022 1:26 pm
Last Updated: Tuesday, 9 May 2023 12:41 am