Do not invest more money than you can afford to lose.
Hodl Hodl a new P2P global cryptocurrency exchange announced it has launched its services, in Beta mode.
The exchange, similarly to Local Bitcoins, Remitano, Bisq and several others, allows users to buy and sell cryptocurrencies (Bitcoin and Litecoin) for fiat directly with each other. Similarly to Remitano, Hodl Hodl doesn’t hold user funds — locking it in multisignature escrow instead, in order to prevent eventual fraud.
For now users can sign up, fill in profile info, set up 2fa authentication, create offers and contracts, and explore other functionality. The exchange also offers a testnet version where users can trade in test bitcoins in order to figure out the process.
The trading fee is 0.6%, which is relatively low, and there will be a small discount for referred clients. For verified users the trading fee will be 0.5%. Verification is voluntary and there will be no restrictions for unverified users.
For now the trading fee for everyone is zero and will remain so until July 2018, when the Beta mode will end. Hodl Hodl also offers up to 10% of the exchange commission, depending on how many active traders a user has referred to the exchange.
Hold Hodl also offers pre-trade chat room for the users, a rating system and Hodl Index – news and trading sentiments in real time.