Hodl Hodl

Hodl Hodl is a global P2P (peer-to-peer) Bitcoin exchange that does not hold user funds. Instead, it uses multisig (multi-signature) escrow contracts on the Bitcoin blockchain to secure trades. This allows users to buy and sell Bitcoin directly with each other without going through a centralized custodian.

Because it is non-custodial, Hodl Hodl does not require complex KYC (Know Your Customer) verification, making it a favorite for privacy-focused users. It also offers a P2P lending platform where users can lend or borrow stablecoins using Bitcoin as collateral. It is a legitimate tool for decentralized trading.

Frequently Asked Questions

1. Do I need KYC?

No, Hodl Hodl is a non-KYC platform. You do not need to upload your ID or passport to trade, as the platform does not hold your funds. However, individual sellers may request ID for their own safety depending on the payment method.

2. Is it safe?

Yes, Hodl Hodl uses a 2-of-3 multisig escrow. The buyer, seller, and Hodl Hodl each hold a key. Funds can only be released when two parties agree. This prevents the platform from stealing funds while still allowing them to resolve disputes.

3. specific trading fees?

The maximum trading fee is 0.6%, split evenly between the buyer and seller (0.3% each). This is competitive for P2P markets. Fees are deducted from the escrow amount upon successful completion.

4. specific lending platform?

Yes, "Lend at Hodl Hodl" allows you to borrow stablecoins (like USDT) using your Bitcoin as collateral, or lend stablecoins to earn interest. This is also done via multisig smart contracts without a centralized custodian.

5. How do I pay?

You pay the seller directly using whatever method you agree upon (bank transfer, Revolut, Wise, etc.). Hodl Hodl does not process the fiat payment; they only secure the Bitcoin in escrow until you confirm payment.