What is Hodl Hodl and what do you need to know about it? In this article on shetcoiner site, we want to examine this topic; so stay with us until the end of this article.
What is Hodl Hodl?
Hodl Hodl is a platform run by Hodlex based in London, UK. The company was founded in 2016 and raised an unknown amount of initial capital in November 2018, according to Crunchbase this platform focuses on anonymity and does not require KYC / AML regulations because it does not provide any of its user funds. As a result, it provides a platform for buyers and sellers to find each other, while also providing relationships to monitor the work process. This kind of services provides that we will examine the next section.
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What does Hodl Hodl do?
Buy
If you want to buy Bitcoins in Hodl Hodl, you simply create a request by selecting several options. In the section after you create the request, the amount of currency you want to buy and how you pay is examined. You can also choose to enter your own location, allowing you to select specific location payment options such as local or in-person banks.
Sell
If you want to sell Bitcoins on Hodl Hodl, enter the same requests you made for buy order above. The only difference is that you choose the payment methods you want to accept from the buyer and you only have to sell Bitcoins. Once the transaction starts, you secure the account with the Bitcoins you have agreed to sell, and release them after receiving the buyer payment.
Lend
The Hodl Hodl platform also has a P2P lending service that allows users to borrow additional crypto currencies against their Bitcoins. Lenders and borrowers can choose their preferred loan specifications such as interest rate, crypto currency choice, loan-to-value ratio and loan term.
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In this article, we have reviewed the Hodl Hodl platform on shetcoiner site; this platform has attracted a lot of fans, because it makes your identity anonymous and you can operate without restrictions.
If you want to know more about crypto currencies read the following articles on shetcoiner site:
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