A new peer 2 peer decentralized cryptocurrency exchange has launched under the brand Hodl Hodl. We have witnessed a surge in cryptocurrency exchanges, so what does this one offer that the rest doesn’t? Well, this one seems truly decentralized. Let’s look at the key features that we took from their website:

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

Fast: set # of confirmations per contract

(0 with trusted traders)

(0 with trusted traders) TESTNET – learn how to trade without risking actual money

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Efficient Review/Rating system for users

Cheap: low fee – 0% per trade

Decentralized: global P2P trades without KYC/AML

Flexible price settings, tie price to other exchanges

Reliable notification system

This seems to list a lot of needed features and makes it seem that this is a long awaited competitor to centralized exchanges or even Localbitcoins. HodlHodl features Fiat <> BTC/LTC trading opportunity with a very clean UI. They have several video guides up and a testnet if you want to avoid risking real funds with your first trades.

While the exchange is in BETA they features 0% commission on trades. After the final release they will ask for 0.6% on trades for every new user, 0.5% if you are a verified trader, but note here that you absolutely don’t have to verify yourself as there are no limitations to unverified users. You can lower your exchange fees to 0.55% without verification if you use a referal code, support us with signing up through ours: https://hodlhodl.com/

The official announcement also features their future plans and roadmap. Going through it we can find a few interesting points:

Lightning Network integration

Adding other cryptocurrencies to the exchange

Integration with wallet providers

We look forward on how things develop for the exchange, this truly fills a gap within cryptocurrency exchanges.