Crypto-to-crypto Wednesdays at Hodl Hodl
Beginning next Wednesday, the 24th of April 2019, we will begin holding crypto-to-crypto Wednesdays every week.
About
We have experience in holding trading weeks (BTC/RUB, BTC/CAD, and more to come), and we see that these initiatives bring results.
The main purpose of this promotion is to give everyone the ability to buy and sell Bitcoin for all the other cryptocurrencies — we’ll make as much of an effort as possible to gather all possible traders in one place, at one time.
Why crypto-to-crypto?
“It’s easy to exchange Bitcoin to other cryptocurrencies on centralized exchanges, so why hold this initiative?” — fair question, however, we have some advantages over the centralized exchanges.
- No KYC/AML;
Hodl Hodl does not require you to reveal your identity and pass KYC/AML procedures to use the exchange.
We know that most centralized exchanges do not require you to pass verification to exchange crypto-to-crypto, however, there are cases when you’ll be required to.
For example, if anything happens to your account, such as wanting to disable 2FA if you lost your phone, you’ll be required to pass KYC/AML procedures and reveal your identity to access your account and funds.
- Not subject to exchange hacks;
We won’t go so far as to say that centralized exchanges are prime targets for hackers and governments.
However, if you store funds on a centralized exchange, be prepared that you may lose them forever.
Because of the fact that Hodl Hodl does not hold your funds, it does not make sense to hack our exchange, therefore, your funds are much safer by comparison.
What cryptocurrencies can I exchange?
The main asset of Hodl Hodl is Bitcoin: we provide a technical solution for buying and selling it, meaning we’re generating escrow for bitcoins during the trade.
Bitcoin itself can be exchanged to any cryptocurrency that is listed on exchanges such as Binance, Bitstamp, Kraken, and even CoinMarketCap — the offer creator ties the price to any of the exchanges we support.
To make this initiative more attractive
Every Wednesday, we’ll set 0.25% exchange fee for every crypto-to-crypto trade.
What is Hodl Hodl?
Hodl Hodl is a global P2P Bitcoin exchange, that allows users to trade directly with each other and it doesn’t hold user’s funds — locking it in multisig escrow instead. This minimizes the possibility of crypto assets theft and reduces trading time.
The main difference between Hodl Hodl and other P2P cryptocurrency exchanges is that we do not hold user’s funds and do not have KYC/AML procedures. Hodl Hodl is also cheaper than most of the other P2P exchanges, with a maximum fee of 0.6% per trade.
Trading process is the following:
- Contract is created, Hodl Hodl generates unique multisig escrow.
- Seller deposits cryptocurrency into escrow directly from his wallet.
- Buyer sends the payment according to the agreed upon payment method.
- Seller releases cryptocurrency from escrow directly to the buyers wallet.
If you want
To participate:
- Join us on the Wednesday at hodlhodl.com;
- Сontact us in advance, so we can help you familiarize yourself with the functionality of the exchange.
Help finding a counterparty:
- Fill out our OTC form, and we’ll find you a counterparty without any additional charge.
We kindly remind you
that all newly published offers on Hodl Hodl are also posted to our specially created Twitter account and Telegram channel: @offershodlhodl.
Reach us
- Hodl Hodl exchange: hodlhodl.com
- TESTNET Hodl Hodl exchange: testnet.hodlhodl.com
- E-mail: support@hodlhodl.com
- Blog: https://medium.com/@hodlhodl
- Twitter: https://twitter.com/hodlhodl
- Telegram: https://t.me/HodlHodl
- Reddit: https://www.reddit.com/r/hodlhodl
- Slack: https://goo.gl/zaMnCn
- Facebook: https://www.facebook.com/hodlexchange
- Youtube: https://www.youtube.com/channel/UCgujEoZqX_FfDTLb3Uuhsdg
Hodl!
