We’ve decided to actively enter the Venezuelan market, and have timed it for November 1st, the date when Localbitcoins begins freezing user’s bitcoins being held in their wallet, if the user’s account exceeds the transaction tier and trade volume limits, without having passed next-level verification.

So, we would like to invite everyone in the Venezuelan community to come trade with us at hodlhodl.com. Also, this post is translated into Spanish below!

Spanish translation & support.

We fully support the Spanish-speaking community:

The exchange is fully translated into Spanish;

We have Spanish-speaking support on our team;

There is a dedicated Telegram group for Spanish-speaking customers (https://t.me/HodlHodlSpanish);

2. Receive an exchange fee discount.

We have prepared a special referral code “VENEZUELA”, that if used during registration permanently discounts your exchange fee to 0.55%.

3. Correct BTC/VES exchange rate.

We know the issues Venezuelans had faced with exchange rates, and at Hodl Hodl we’ve worked hard to display the correct (and actual) exchange rate for the BTC/VES pair.

For those unfamiliar with Hodl Hodl

Hodl Hodl is a global P2P Bitcoin exchange, where you can buy and sell bitcoins in any country in the world, using any payment method and any fiat or cryptocurrency.

The differences between us and other P2P exchanges are:

Security: we don’t hold users funds (many other P2P exchanges have wallets where the funds are stored), we simply generate the multisig address on the blockchain, where bitcoins are stored during the trade.

Anonymity: we don’t have KYC/AML: simply, none at all. Right away, you’re free to trade without passing a verification process.

Cheap: our maximum exchange fee is 0.6%.

Trade workflow

To show the simplicity of trading at Hodl Hodl, we would like to explain the trading process:

Contract is created, Hodl Hodl generates unique multisig escrow for it. Seller deposits Bitcoin in the escrow directly from his wallet. Buyer pays the seller according to the agreed upon payment method. Seller releases Bitcoin from multisig escrow directly to the buyer’s wallet.

That’s all for the trading process — it’s mostly the same as on other peer-to-peer exchanges. In case a dispute is started in the contract, Hodl Hodl takes care of it and helps the customers resolve it.

For more information about our exchange, it’s features and comparisons with other P2P exchanges, check out our latest series of articles “Move to Hodl Hodl”.

Market makers

If you are a huge market maker and can provide significant liquidity, we kindly ask you to reach us by any convenient means as specified below, so we can discuss partnership opportunities.