Hey Hodlers,

Today, Hodl Hodl, a P2P cryptocurrency exchange, has enabled contracts and trading functionality. From this moment on, until July 2018 — you can sign up and trade with zero commission.

What is Hodl Hodl?

Hodl Hodl is a P2P cryptocurrency exchange that allows users to trade directly with each other and doesn’t hold users’ funds — locking it in multisig escrow instead.

How does Hodl Hodl work?

All trading activity happens directly between buyers and sellers, and without a middleman involved. Each time a contract is created between two parties, Hodl Hodl exchange generates a unique multisig escrow cryptocurrency address. The seller sends cryptocurrency from his wallet to this address, and when the coins are safely locked in escrow, the buyer sends his fiat currency (such as EUR or USD) to the seller. Upon receipt of the fiat currency, the seller releases the locked funds from escrow using his payment password, and the buyer receives crypto into his wallet.

Hodl Hodl key features

Secure: multisig (P2SH) contracts, you control the key to the funds in escrow;

Cheap: low fee — max 0.6% per trade (fees will only be enabled in July 2018, it’s 0% for now);

P2P trades without KYC/AML;

Support of native Bech32 Segwit addresses;

P2SH-P2WSH Segwit multisig escrow addresses;

Truly global P2P cryptocurrency exchange;

Trade Bitcoin and Litecoin;

We have a TESTNET version of our exchange — you can trade with TESTNET bitcoins & litecoins without risking real money.

Features we are offering with the first release of our exchange

Privacy-focused environment:

To trade on Hodl Hodl you don’t need to reveal your identity. Just sign up and you are ready to trade with complete anonymity and no restrictions.

Verification takes place on a voluntary basis — you may choose to get verified in order to receive some benefits, but it is not required.

Security

Hodl Hodl does not hold any money (neither cryptocurrency, nor fiat currency), which increases security of your funds. Instead, we create a unique P2SH multisig escrow address on the Bitcoin or Litecoin blockchains for each trade.

Hodl Hodl does not hold any money (neither cryptocurrency, nor fiat currency), which increases security of your funds. Instead, we create a unique P2SH multisig escrow address on the Bitcoin or Litecoin blockchains for each trade. P2P cryptocurrency exchange that supports Segwit

We’ve been working hard to have Segwit enabled with our first release: we’re generating P2SH-P2WSH Segwit multisig escrow addresses for compatibility with non-segwit wallets for each contract, plus you can release or refund bitcoins from escrow to native Bech32 Segwit addresses. This means that you’ll spend less money on transaction fees.

We’ve been working hard to have Segwit enabled with our first release: we’re generating P2SH-P2WSH Segwit multisig escrow addresses for compatibility with non-segwit wallets for each contract, plus you can release or refund bitcoins from escrow to native Bech32 Segwit addresses. This means that you’ll spend less money on transaction fees. Referral program

As a bonus, we offer you a referral program where you’ll receive part of our exchange commission for every trade your referee participates in once we start charging an exchange fee.

You can earn up to 10% of our exchange commissions, depending on how many active traders you have referred to the exchange.

You may also reduce the exchange commission you’re paying to Hodl Hodl by referring at least one active trader. Once you’ve done this, you will receive a discounted exchange fee of 0.55% forever.

You can find more information on https://hodlhodl.com/users/referral_program and in our FAQs.

Progressive fee system:

Once we enable exchange fees there will be different exchange fee rates available:

An exchange fee of 0.6% is used for all new users. An exchange fee of 0.55% is applied to referred users who’ve signed up on Hodl Hodl using a referral code. As was mentioned above, you can also permanently lower your exchange fee to 0.55% by referring at least one active trader. An exchange fee of 0.5% is applied to users who have passed the verification process.

Litecoin support

Hodl Hodl also supports Litecoin with the same P2SH multisig escrow address functionality. We will apply no exchange commissions to Litecoin trades until July 2018.

Hodl Hodl also supports Litecoin with the same P2SH multisig escrow address functionality. We will apply no exchange commissions to Litecoin trades until July 2018. Multi-language platform

With this release, we’ll be supporting two languages: English and Russian. Our support team speaks both languages.

With this release, we’ll be supporting two languages: English and Russian. Our support team speaks both languages. TESTNET version

Before trading with real coins, we recommend you learn how to trade on Hodl Hodl exchange TESTNET.

The TESTNET version is identical to the MAINNET, except for one key difference: you are trading with TESTNET Bitcoins and Litecoins without risking any real money.

Please, beware that all trades happening on testnet.hodlhodl.com are done with TESTNET Bitcoins/Litecoins. Never send any real money for Bitcoins/Litecoins received on testnet.hodlhodl.com.

We are in BETA

For now, we are in BETA until July 2018, which means a lot of new features are coming soon, but the main functionality of the exchange is ready and available now!

While we’re in BETA, we recommend you use the following browsers to trade on our exchange: Chrome, Mozilla, Opera, Safari upgraded to the newest versions.

Things that we’re working on:

Lightning Network integration;

Improving the mobile version of Hodl Hodl;

Optimizing transaction fees;

Increasing security for our users;

Adding new cryptocurrencies to the exchange;

Integration with wallet providers;

Support for more languages;

Because we’ve launched in BETA-mode, we don’t charge exchange commission at this point — it’s 0% for now.

If you have a question, have found a bug or a mistake, faced an unclear situation, or have any suggestions we kindly ask you to inform us ASAP via our contact channels mentioned below.

Verification on Hodl Hodl

As mentioned previously, verification on Hodl Hodl is on a voluntary basis. However, if you do decide to verify your account, you’ll have some perks such as:

Larger trading limits

A “Verified” badge;

Increased customer trust;

A reduced exchange fee of 0.5%

To verify your account, submit a request to support@hodlhodl.com, and we’ll send you instructions for the verification process.

Safety tips

Don’t trust, verify

Reach us through

Videos on YouTube

We’ve recorded educational videos on our YouTube channel dedicated to Hodl Hodl exchange and Bitcoin/Litecoin in general, which you may find useful,

The Topics include:

Overview of the exchange

How to use Hodl Hodl

How to register on the exchange

How to create offers and contracts

Thanks, and happy trading,

Hodl!