> ## Content Index > Fetch the complete content index at: https://blockdyor.com/llms.txt > Use this file to discover other available public pages before exploring further. # Hodl Hodl Review 2026 Buy Bitcoin Peer To Peer Securely - URL: https://blockdyor.com/hodl-hodl/ - Published: 2023-07-14T22:25:44.000Z - Updated: 2025-12-19T14:37:06.000Z - Description: Hodl Hodl it's an interesting platform which offers direct P2P trading without intermediaries. In this review we will analyze its main functions, explaining how to sign up and buy Bitcoin from one of the many sellers. - Author: Andrea Carnimeo - Tags: reviews ## What is Hodl Hodl? **Hodl Hodl** is a peer-to-peer **Bitcoin** exchange. It offers a unique approach to **trading**. It operates on both the on-chain and Lightning Network, allowing users to **buy** and **sell Bitcoin**. Notably, **Hodl Hodl** stands out by not holding user funds; instead, it utilizes a **multisig escrow system**. The platform supports various payment methods and currencies, ensuring speedy and secure transactions through **multisig smart contracts**. Users retain control over their escrow keys. As **Hodl Hodl** doesn't hold any funds, it avoids complex compliance procedures, making trades occur directly between users' Bitcoin wallets. Over time, **Hodl Hodl** has gained popularity among **privacy-conscious traders** due to its appealing **advantages**: **anonymity**, **global P2P trades** without **KYC/AML** requirements; affordability, with a **low fee of 0.6%** shared equally between trade parties (maximum 0.3% per trade); and security provided by multisig (P2SH) contracts, granting users control over escrowed funds. ๐Ÿ‘‰ [Sign up on Hodl Hodl now for a lifetime discounted trading fee of just 0.45%](https://blockdyor.com/go/hodlhodl). | FEATURE | DESCRIPTION | | ---------------------- | --------------------------------------------------------------------------------------------------------------------------------- | | ๐ŸŒ Website | hodlhodl.com | | ๐Ÿ™๏ธ Location | Taunton, UK | | ๐Ÿ“… Year Founded | 2016 | | ๐Ÿ’ฐ Primary Token | Bitcoin (BTC) | | ๐Ÿ“ˆ Listed Crypto | 1 | | ๐Ÿ’ฑ Trading Pairs | BTC/USD or BTC/EUR, BTC/AUD, BTC/GBP, or any other local currency | | ๐Ÿ’ต Supported FIAT | USD or EUR, AUD, GBP, or any other local currency | | ๐ŸŒ Supported Countries | Worldwide | | ๐Ÿ’ฐ Minimum Deposit | N/A | | ๐Ÿ’ธ Deposit Fees | Free | | ๐Ÿ’ฐ Daily Buying Limit | N/A | | ๐Ÿ’ฑ Trading Fees | From 0.55% to 0.6% shared equally between trade parties (maximum 0.3% per trade) | | ๐Ÿ’ธ Withdrawal Fees | Transactions to Hodl Hodl users' wallets: Free. Transactions to external cryptocurrency wallets: Subject to Bitcoin network fees. | | ๐Ÿ“ฑ Mobile App | Web | | ๐Ÿ’ฌ Customer Support | Email, Telegram | ## How Hodl Hodl Works? ![Hodl Hodl Overview](https://blockdyor.com/content/images/2023/06/Hodl-Hodl-Overview.png) Hodl Hodl Overview **Hodl Hodl** creates a direct peer-to-peer trading environment, eliminating the need for intermediaries. When two parties engage in a trade, Hodl Hodl generates a distinctive **multisig** escrow Bitcoin address. The **seller** transfers Bitcoin directly from their wallet to this address, securing the funds in escrow. Simultaneously, the buyer sends fiat to the seller. Upon confirmation of the escrowed Bitcoin, the seller releases it using their payment password, and the buyer promptly receives the Bitcoin directly into their wallet. This straightforward process can guarantee a direct and secure transaction flow on **Hodl Hodl**. ## Hodl Hodl Features Hodl Hodl is primarily a Bitcoin peer-to-peer (P2P) trading platform, offering a range of services that have evolved over the years. Although its features are focused on trading Bitcoin, Hodl Hodl has expanded its offerings to include **P2P lending** and integration with the Lightning Network. Let's have a look at the main features provided by Hodl Hodl. ### P2P Marketplace (Buy/Sell) Hodl Hodl serves as a connection point for buyers and sellers in a P2P marketplace. It enables users to purchase Bitcoin using over 100 payment methods and virtually any fiat currency available worldwide. ### Lend ![Hodl Hodl Lend](https://blockdyor.com/content/images/2023/06/Hodl-Hodl-Lend.jpg) Hodl Hodl Lend **Hodl Hodl**'s **lending** feature allows users to anonymously lend or borrow funds on their own terms. When utilizing this service, Hodl Hodl generates a unique multisig escrow address. The borrower places **Bitcoin collateral in escrow** directly from their wallet, while the lender transfers the loan amount to the borrower based on the agreed-upon contract. Upon repayment, the borrower returns the loan amount plus interest to the lender's wallet, and the lender releases the Bitcoin back to the borrower's wallet. The lend function gives also the possibility to lend out or borrow not just Bitcoin, but also other cryptos or even sidechains such as **L-BTC** and Liquid USDT on the [Liquid Network](https://blockdyor.com/liquid-network/). ### Escrow The **escrow** on Hodl Hodl operates through a **P2SH Bitcoin multisignature address**, which requires a specific number of keys to sign a transaction. For Hodl Hodl, 2-out-of-3 keys are required to sign the release transaction. When two parties create a contract, Hodl Hodl generates a unique multisig escrow Bitcoin address. The seller then sends Bitcoin from their wallet to this escrow, and while the Bitcoin is locked in escrow, the buyer sends fiat currency to the seller. Upon receipt of the payment password from the seller, the Bitcoin is released from escrow, and the buyer receives it into their wallet. ### Security & Anonymity Hodl Hodl prioritizes both **security** and **anonymity**. To ensure user confidence, a **testnet** is available, allowing users to familiarize themselves with the platform without using real money. Hodl Hodl's security measures are bolstered by the use of escrow. The platform does not require user verification, ensuring anonymity. Users retain control over the keys to the funds held in escrow, enhancing overall security. Hodl Hodl's implementation of multisig (P2SH) contracts contributes to the platform's secure environment. ### API Hodl Hodl provides **APIs** that enable users to fully manage their contracts on the platform via an application programming interface. With the API, users can trade without the need to visit the website directly. Access to the API is available in the "API Access" tab within the "profile settings" section of the platform. This API integration has been highlighted in a blog post by Jimmy Song, who emphasized its significance for those seeking alternatives to LocalBitcoins and the potential it holds for creating region-specific Bitcoin liquidity. ## Hodl Hodl Quick Review Short on time for the full Hodl Hodl review? No worries! Check out our quick review, including a **blockdyor Score** below. Find a secure account opening link with a great discount at the bottom. | Category | Feature | Score | | -------------------------------------- | --------------------------------------------------------------------------------------------- | ----- | | **๐Ÿ” Privacy & Security (46/50)** | | | | ๐Ÿ•ต๏ธ Non-KYC | The exchange is non-KYC | 10/10 | | ๐Ÿ” Non-Custodial | The exchange is fully non-custodial, users can withdraw their funds | 10/10 | | ๐Ÿ‘ฅ Peer To Peer | The exchange is 100% P2P trading | 5/5 | | ๐ŸŒ Decentralization | The exchange is centralized | 1/5 | | ๐Ÿ”’ Encryption | The exchange encrypts all confidential data transfers | 5/5 | | ๐ŸŒ TOR Connection | It's possible to connect to the exchange with TOR | 5/5 | | ๐Ÿ“‚ Open Source | Some of the software used is open source | 3/5 | | ๐Ÿ“ฑ 2FA | The exchange doesn't offer two-factor authentication | 5/5 | | **๐Ÿš€ Features (49/50)** | | | | ๐Ÿ–ฅ๏ธ User-Friendly UX | The platform is easy to use | 5/5 | | ๐Ÿ’ต Fiat Onramp/Offramp | Fiat onramp and offramp methods are many | 5/5 | | ๐Ÿ’ธ Taker Fee | From 0.3% | 5/5 | | ๐Ÿ’ธ Maker Fee | From 0.3% | 5/5 | | ๐Ÿ’ธ Withdrawal Fee | Variable, based on Bitcoin network fees | 5/5 | | โ˜Ž๏ธ Customer Service | Available via several channels | 5/5 | | ๐Ÿ“š Documentation | Plenty of documentation on the official website | 5/5 | | ๐Ÿšฎ Altcoins | Bitcoin-only, but supports other cryptos | 4/5 | | โšก Lightning Network Withdrawal/Deposit | The exchange supports the possibility to withdraw/deposit Bitcoin using the lightning network | 5/5 | | ๐Ÿ’ง Liquid Network Withdrawal/Deposit | It's not possible to withdraw or deposit Liquid Assets with the liquid network | 5/5 | | **๐Ÿงฑblockdyor Score (95/100)** | | | ๐Ÿ‘‰ [Sign up on Hodl Hodl now for a lifetime discounted trading fee of just 0.45%](https://blockdyor.com/go/hodlhodl). ## How To Sign Up on Hodl Hodl **Signing up for Hodl Hodl** is quite easy and hassle-free. There are **no KYC** (Know Your Customer) requirements, and the platform doesn't ask for your name or any other sensitive information. - To begin your journey with **Hodl Hodl**, simply click on the link below. By using this link, you will automatically receive a **discounted trading fee of 0.55% for life**. ๐Ÿ‘‰ [Sign up on Hodl Hodl now for a lifetime discounted trading fee of just 0.45%](https://blockdyor.com/go/hodlhodl). ![Hodl Hodl Sign Up Step 1](https://blockdyor.com/content/images/2023/06/Hodl-Hodl-Sign-Up-Step-1.jpg) Hodl Hodl Sign Up Step 1 Once you click on the link, you will be directed to a page similar to the one we just shared. Please follow these steps to complete the sign-up process. - Enter your **valid email address**, as you will need to confirm it later (1). Choose a **nickname** (2). Select a **strong password**, ideally using a password manager like **Bitwarden** or a similar program (3). Re-enter the chosen **password** for confirmation (4). If it's not already there, make sure to enter the referral code **WTFDC** to obtain a lifetime discounted trading fee. Tick the box to indicate your agreement with the terms and conditions (5). Agree to the t&c (6). Complete the **reCAPTCHA** form to verify that you are not a robot (7). Finally, click on the **Sign Up** button to complete the registration process (8). ![Hodl Hodl Sign Up Step 2](https://blockdyor.com/content/images/2023/06/Hodl-Hodl-Sign-Up-Step-2.jpg) Hodl Hodl Sign Up Step 2 - Now go in your **inbox** and find the Hodl Hodl **mail** you just received. If you cannot find it in the inbox, search also in the Junk folder. To confirm your email adress, click on **Confirm my account**. - After clicking on the link in the email confirmation, you will be able to access Hodl Hodl. ## How to buy Bitcoin on Hodl Hodl Buying p2p **Bitcoin** on **Hodl Hodl** is a quite simple process, thanks to the variety of existing offers. Additionally, you have the option to create your own offer. In this brief guide, we will explore how to **view the available offers**, **apply filters**, and successfully **purchase Bitcoin** without undergoing **KYC verification**. ![How To Buy Bitcoin on Hodl Hodl Step 1](https://blockdyor.com/content/images/2023/06/How-To-Buy-Bitcoin-on-Hodl-Hodl-Step-1.jpg) How To Buy Bitcoin on Hodl Hodl Step 1 - Once you have successfully created an account, confirmed it via email, and logged in, you will be directed to a page that bears a resemblance to the one I just posted. - First of all, you should setup your **BTC receiving address** and **payment password**. To do so, click on your **username** on the top right. Then go to **Dashboard** \> **Settings**. ![How To Buy Bitcoin on Hodl Hodl Step 1.5](https://blockdyor.com/content/images/2023/06/How-To-Buy-Bitcoin-on-Hodl-Hodl-Step-1.5.jpg) How To Buy Bitcoin on Hodl Hodl Step 1.5 - Now you can **add** or **change** your **payment password** and insert your **Bitcoin address** where you want to receive your funds. When you are done click on the blue **Save changes** button at the end of the page. ๐Ÿ’ก To enhance anonymity, utilize a new and unused address from your wallet. ![How To Buy Bitcoin on Hodl Hodl Step 2](https://blockdyor.com/content/images/2023/06/How-To-Buy-Bitcoin-on-Hodl-Hodl-Step-2.jpg) How To Buy Bitcoin on Hodl Hodl Step 2 - Now you can go back in the **Hodl Hodl home page**. On the top left, you will see a **Buy BTC** button. Click on it to go over the page of the available peer-to-peer offers. ![How To Buy Bitcoin on Hodl Hodl Step 3](https://blockdyor.com/content/images/2023/06/How-To-Buy-Bitcoin-on-Hodl-Hodl-Step-3.jpg) How To Buy Bitcoin on Hodl Hodl Step 3 - On the **Hodl Hodl platform**, you will find the page displaying the available Bitcoin **offers**. To customize your search, follow these steps: Choose the **fiat** value you want to purchase BTC with (1). Specify the desired **quantity** of Bitcoin you wish to buy (2). Select the applicable **payment** types (3). Indicate the preferred **payment** methods (4). If you prefer buying Bitcoin with cash or local payment methods, specify the **countries** (5). As you fine-tune your search, you will observe the listings **updating** accordingly (6). ![How To Buy Bitcoin on Hodl Hodl Step 4](https://blockdyor.com/content/images/2023/06/How-To-Buy-Bitcoin-on-Hodl-Hodl-Step-4.jpg) How To Buy Bitcoin on Hodl Hodl Step 4 - After filtering the search parameters, you can dig deeper into the seller's rating and trade history. Prefer a seller with a **100% rating** and a substantial number of trades (1). This indicates that they have had no issues in the past. - In this particular instance, we have selected a seller who meets these criteria and is offering 50 EUR with Revolut. Notably, this seller does not require any Know Your Customer (KYC) verification (2). - Click on the listing's row to proceed forward. ![](https://blockdyor.com/content/images/2023/06/How-To-Buy-Bitcoin-on-Hodl-Hodl-Step-5-1.jpg) How To Buy Bitcoin on Hodl Hodl Step 5 - The **offer** page will now open. In this view you can see an overview for the **offer informations** (1). The **buy quantity** (2). The Bitcoin **address** where you want to receive your funds (3). The **payment** method (4). **Fees** (5). - When you are ready, accept the offer by clicking on the blue button **Accept offer** (6). ![How To Buy Bitcoin on Hodl Hodl Step 6](https://blockdyor.com/content/images/2023/06/How-To-Buy-Bitcoin-on-Hodl-Hodl-Step-6.jpg) How To Buy Bitcoin on Hodl Hodl Step 6 - This is the contract page where you can chat with the seller, review all the informations. After you have verified, you can generate the escrow by clicking on the blue **Generate escrow** button. ![](https://blockdyor.com/content/images/2023/06/How-To-Buy-Bitcoin-on-Hodl-Hodl-Step-7.jpg) How To Buy Bitcoin on Hodl Hodl Step 7 - Enter your payment password, then click on **Confirm payment password** to finalize. ![How To Buy Bitcoin on Hodl Hodl Step 8](https://blockdyor.com/content/images/2023/06/How-To-Buy-Bitcoin-on-Hodl-Hodl-Step-8.jpg) How To Buy Bitcoin on Hodl Hodl Step 8 - Now, it's time for the seller to deposit Bitcoin in the multisig escrow. - After, the buyer **sends the payment** to the seller using the payment method specified in the contract. - The contract is completed, the **buyer receives the Bitcoin**. The funds are **released from the multisig escrow** and sent to the **receiving address of the buyer**. ## Hodl Hodl Reviews In the wake of LocalBitcoins' closure, **Hodl Hodl** has emerged as one of the most enduring peer-to-peer Bitcoin marketplaces, gaining popularity as an advocate of the non-KYC (Know Your Customer) culture within the Bitcoin community. This platform has garnered significant **affection** from users and has established itself as a **trustworthy** ambassador of the **decentralized** ethos. One of the key factors contributing to Hodl Hodl's popularity is its robust and secure escrow system, widely regarded as one of the best in the industry. Users commend the platform for its **reliability**, emphasizing the peace of mind that comes with knowing their transactions are conducted within a safe environment. Should any disputes arise, the platform's administrators are consistently praised for their **impartiality** and **professionalism** throughout the resolution process. For those considering engaging in trades on Hodl Hodl, it is commonly recommended to **thoroughly review the seller's rating** before initiating a transaction. This practice ensures a better understanding of the seller's reputation and helps users make informed decisions. ![Hodl Hodl Trustpilot](https://blockdyor.com/content/images/2023/06/Hodl-Hodl-Trustpilot.jpg) Hodl Hodl Trustpilot Although reviews on **Trustpilot** are relatively **scarce**, they overwhelmingly reflect a **positive sentiment** towards Hodl Hodl. These reviews further reinforce the platform's credibility and highlight the overall satisfaction of its user base. ## Who created Hodl Hodl? Hodl Hodl is a service provided by ***Hodlex Ltd***. The company was founded in 2016 by **Max Keidun** and it's based in Taunton, UK. Hodl Hodl has successfully secured funding during the years through two rounds, consisting of one seed round and one early-stage round. In total, the company has attracted investment from seven investors, including six institutional investors and one angel investor. ## Hodl Hodl Customer Service ![Hodl Hodl Customer Service](https://blockdyor.com/content/images/2023/06/Hodl-Hodl-Customer-Service.jpg) Hodl Hodl Customer Service **Customer service** at Hodl Hodl follows a quite **simple** approach, relying only on email and Telegram for communication. While live chat and ticket services are not available, it is crucial for a P2P marketplace like Hodl Hodl to prioritize efficient dispute resolution. In the event of a disagreement between the buyer and seller regarding a trade, either party can initiate a **dispute**, subject to the Terms of Service. Disputes are handled by the hodlhodl.com support staff. **Hodlex Ltd** support diligently resolves disputes by carefully examining and taking into account various factors. These include the **Terms of Trade**, evidence of payment, users' chat messages, users' reputation, and other data submitted by users, as well as data collected by the platform itself. While Hodl Hodl's **customer service** may **lack** certain communication channels, the platform's commitment to resolving disputes with due diligence and comprehensive consideration ensures a fair and reliable trading experience for users. ## Hodl Hodl Alternatives Competitors in the P2P Bitcoin exchange landscape are locked in fierce competition, and we have thoroughly tested several platforms that closely resemble **Hodl Hodl**. Here are two notable **alternatives**. | | Hodl Hodl | Agoradesk | Peach Bitcoin | | ------------------------ | -------------- | ---------- | ------------- | | ๐Ÿงฑ blockdyor Total Score | 95/100 | 88/100 | 74/100 | | ๐Ÿ•ต๏ธ Non-KYC | Yes | Yes | Yes | | ๐Ÿ” Non-Custodial | Yes | Yes | Yes | | ๐Ÿ‘ฅ P2P | Yes | Yes | Yes | | ๐Ÿ’ต Fiat Onramp/Offramp | Yes | Yes | Yes | | ๐Ÿ’ธ Taker/Maker Fees | From 0.3%/0.3% | From 0%/1% | 2%/2% | 1. [**Peach Bitcoin**](https://blockdyor.com/peach/): Considered a direct competitor to Hodl Hodl, Peach Bitcoin is a user-friendly **app** available for both **iOS** and **Android** platforms. It offers the convenience of purchasing Bitcoin without the need for KYC verification. During our testing, we found that Peach Bitcoin had fewer listings requiring KYC compared to Hodl Hodl, which was a notable advantage. This aspect made the user experience more streamlined and less cumbersome. 2. [**AgoraDesk**](https://blockdyor.com/agoradesk/): Another well-established player in the P2P Bitcoin exchange arena is AgoraDesk. It shares similarities with Hodl Hodl, offering a comparable app experience. However, it should be noted that AgoraDesk tends to have **slightly higher fees** for sellers. Despite this, it remains a popular alternative for users seeking P2P Bitcoin trading solutions. It's worth mentioning that AgoraDesk supports more than just Bitcoin, which may be a drawback for purists who prefer a Bitcoin-only platform. These platforms serve as strong **contenders** in the p2p Bitcoin exchange market, providing users with viable **alternatives** to Hodl Hodl. Each has its unique strengths and considerations, providing different preferences and priorities among Bitcoin traders. ## Hodl Hodl Pros & Cons During our exploration of Hodl Hodl, we observed that a significant number of **sellers** on the platform **require KYC verification**. While this is indeed a **drawback**, it is a **prevalent issue** among many P2P no-KYC exchanges. Another notable concern we encountered is the absence of dedicated iPhone and Android apps. We believe it is crucial for the Hodl Hodl team to address this limitation and provide mobile applications for enhanced accessibility. Despite these drawbacks, we were impressed by the **platform's low fees**, robust escrow system, and the overall reliability it offers. The emphasis on security is commendable, and the escrow system provides an added layer of protection for users' transactions. | Pros | Cons | | ----------------------------------------------------------------- | --------------------------------------------------------------- | | โœ… One of the oldest p2p Bitcoin-only no-KYC exchanges in activity | โŒ Several sellers are requiring KYC | | โœ… Lend feature also available | โŒ Small number of Trustpilot reviews | | โœ… Allows anonymous buying of Bitcoin | โŒ No iOS or Android apps | | โœ… Probably the lowest trading fees in the p2p industry | โŒ Presence of sellers with additional verification requirements | | โœ… Reliable escrow | โŒ Not fully open-source | | โœ… Easy to navigate in the offers | | | โœ… Viable alternative to centralized exchange interfaces | | ## Bottom Line **Hodl Hodl** is a peer-to-peer Bitcoin exchange that offers a unique approach to trading, emphasizing anonymity, low fees, and robust security. While it faces challenges such as a significant number of sellers requiring KYC verification and the absence of dedicated mobile apps, Hodl Hodl stands out for its commitment to user control and the use of a multisig escrow system. The platform provides a **direct trading environment**, facilitating transactions between users' Bitcoin wallets without the need for intermediaries. Despite its areas for improvement, Hodl Hodl remains a **compelling** option for privacy-conscious traders seeking secure and **affordable P2P Bitcoin trading**. ![](https://blockdyor.com/content/images/2023/06/Hodl-Hodl-Logo.png) #### Hodl Hodl Evaluation Hodl Hodl emerges as an excellent choice for Bitcoin trading, boasting an impressive ****blockdyor Score of 95 out of 100**. While it may have minor drawbacks, such as the absence of complete open-source availability and full decentralization, it's likely that they are actively addressing these concerns. Currently, Hodl Hodl maintains its position as our preferred option among peer-to-peer Bitcoin exchanges. ****Reputation**: Hodl Hodl has established itself as a highly reputable platform among Bitcoiners for P2P Bitcoin transactions. Its popularity is attributed to the industry's lowest fees, making it a well-regarded choice. ****Technology**: Hodl Hodl sets itself apart by implementing unique security features that are unmatched elsewhere, such as the payment password and the 2/3 multisig escrow. Additionally, the platform's global P2P Bitcoin-backed non-custodial lending offering is a distinctive feature. ****Customer Service**: Hodl Hodl's customer service falls short in certain aspects, lacking phone support and quick 24/7 chat availability. Relying solely on email and Telegram support can be frustrating for users. ****Fees**: Despite the generally higher prices compared to exchange listings, Hodl Hodl maintains very minimal fees, making it a cost-effective choice. ****Ease of Use**: While Hodl Hodl offers a user-friendly experience, the onboarding process could be improved. The requirement to configure the payment password separately from the buying flow can slow down the purchasing process. Additionally, the separation of accounts and the dashboard might cause confusion for novice users. ## Frequently Asked Questions (FAQ) ### What are the fees on Hodl Hodl? Compared to other alternatives, the fees on Hodl Hodl are quite low. 0.55% to 0.6% shared equally between trade parties (maximum 0.3% per trade). ### Is KYC (Know Your Customer) verification required to use Hodl Hodl? No, Hodl Hodl does not require KYC verification by default, but some sellers might require it. ### What additional services does Hodl Hodl offer apart from P2P trading? In addition to P2P trading, Hodl Hodl provides other services to enhance the user experience. This includes P2P lending, allowing users to lend or borrow funds anonymously on their own terms. Hodl Hodl also integrates with the Lightning Network, a layer-two scaling solution for Bitcoin transactions, which enables faster and cheaper transfers. For example, you can find a listing where you can pay with BTC via Lightning Network and receive BTC on-chain.