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Author Topic: Global P2P cryptocurrency exchange that doesn't hold your funds  (Read 93 times)
AnnaHodlHodl
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September 18, 2018, 07:26:48 AM
 #1

Hello guys, just for those not familiar with relatively "young" exchange - Hodl Hodl (https://hodlhodl.com).

Some highlights:

* Secure: multisig (P2SH) contracts, you control key to funds in escrow
* Cheap: low fee – 0.6% per trade
* Anonymous: no KYC/AML
* Cryptocurrencies: Bitcoin & Litecoin
* Learn: TESTNET version available
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KingScorpio
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September 18, 2018, 08:13:08 AM
Last edit: September 19, 2018, 10:12:08 PM by KingScorpio
 #2

Hello guys, just for those not familiar with relatively "young" exchange - Hodl Hodl (https://hodlhodl.com).

Some highlights:

* Secure: multisig (P2SH) contracts, you control key to funds in escrow
* Cheap: low fee – 0.6% per trade
* Anonymous: no KYC/AML
* Cryptocurrencies: Bitcoin & Litecoin
* Learn: TESTNET version available

sounds like an interesting idea

hugeblack
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September 19, 2018, 08:53:52 AM
 #3

I didn’t understand what the word "doesn't hold your funds" means, if your platform supports/acts_as escrow, it need to manage/control that funds.
What is the address/located of that company?

* Anonymous: no KYC/AML
I do not know about the legal status of this, but I do not expect it to remain in the future.
EDIT:  Your site works as Binance platform, you can use it without verification, but you need to verify it to bypass the restrictions.
Source: https://hodlhodl.com/pages/faq#are_there_any_limits_for_a_user_on_exchange

* Cryptocurrencies: Bitcoin & Litecoin
ETH is now more common than Litecoin, why you support it?

* Learn: TESTNET version available
Good movement Smiley

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September 19, 2018, 11:49:03 AM
 #4

Looks interesting to me.

I didn’t understand what the word "doesn't hold your funds" means, if your platform supports/acts_as escrow, it need to manage/control that funds.
What is the address/located of that company?
Basically, it's not centralised that is an exchange doesn't have total control over customers funds. If it is a multi-signature wallet, the transaction needs to be signed by both the parties. But again, in case of any unforeseen circumstances, the exchange can still hold the funds if they can't release it. Still better than the existing exchanges.

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KingScorpio
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September 19, 2018, 10:13:24 PM
 #5


ETH is now more common than Litecoin, why you support it?


i think he has never heard of blocktivity.

he lists token that arent as widespread and used.

ArturHodlHodl
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September 20, 2018, 09:33:00 AM
 #6

I didn’t understand what the word "doesn't hold your funds" means, if your platform supports/acts_as escrow, it need to manage/control that funds.
What is the address/located of that company?

We don't act like escrow - we generate it for each specific trade. Escrow is the type of 2-out-of-2, where 2 keys required to make a release: one belongs to the seller, one is the Hodl Hodl's key.

Currently, we're implementing new type of escrow account: 2-out-of-3, where the buyer will have a key as well.

I do not know about the legal status of this, but I do not expect it to remain in the future.
EDIT:  Your site works as Binance platform, you can use it without verification, but you need to verify it to bypass the restrictions.
Source: https://hodlhodl.com/pages/faq#are_there_any_limits_for_a_user_on_exchange

We apply limits to users for the sake of improving your overall experience, specifically your safety and comfort level when using our exchange.

Our exchange offers many features, and each feature could potentially become a target of any of the well known spam & scam cases in the crypto-community, so we have taken the necessary steps to reduce this possibility so that unfair users cannot harm you, and user limits help protect users.

Limitations set by us doesn't interfere with trading at Hodl Hodl, they interfere with scammers.

ETH is now more common than Litecoin, why you support it?

Since adding ETH is much more complicated, than adding LTC.

Good movement Smiley

Thanks.
nastyagav
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September 21, 2018, 10:06:49 PM
 #7

People in the comments are happy, I should try it myself. Soon, I'll write more Wink
buwaytress
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September 24, 2018, 10:08:28 AM
 #8

Hello hodlhodl, nice to see guys like you come out into the open and interact with your community! Never used HoldHodl myself but am slowly (really slowly) trying to extricate myself from a long time favourite (localbitcoins) and am fully supportive of alternatives that promote p2p.

Bisq recently caught my attention and they themselves see their service as on a far end of the centralised/decentralised spectrum, a bit more than you guys (ref: https://bitcoinnews.com/p2p-exchange-bisq-it-doesnt-get-more-decentralized-than-this/).

Why not a local wallet, with similar escrow multisig controls? Is it a difficult step to make?

AnnaHodlHodl
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September 28, 2018, 08:03:38 AM
 #9

People in the comments are happy, I should try it myself. Soon, I'll write more Wink

We appreciate that!

Hello hodlhodl, nice to see guys like you come out into the open and interact with your community! Never used HoldHodl myself but am slowly (really slowly) trying to extricate myself from a long time favourite (localbitcoins) and am fully supportive of alternatives that promote p2p.

Bisq recently caught my attention and they themselves see their service as on a far end of the centralised/decentralised spectrum, a bit more than you guys (ref: https://bitcoinnews.com/p2p-exchange-bisq-it-doesnt-get-more-decentralized-than-this/).

Why not a local wallet, with similar escrow multisig controls? Is it a difficult step to make?

Hodl Hodl is P2P exchange, where you trade directly with your counterparty, there is no need for us to store your funds and it's also one of our main advantages.
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