Is HODLY An Ideal Crypto Wallet

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Hodly Review: Is It Safe to Buy Cryptocurrency With?

What Is Hodly?

Hodly is a new trading platform which enables individuals to trade cryptocurrencies, which also features a mobile wallet for storing and transacting with digital assets.

The platform also enables users to make fiat purchases of cryptocurrencies by using their bank debit or credit card.

Hodly was established by the team that created IQ Option. It was designed to serve as an alternative to their CFD and options products for traders who wanted to purchase the physical coins. IQ Option is one of the largest CFD in Europe and is fully regulated by the European agencies.

The site features a number of data charts which can be used to monitor the price changes of the market and make more informed decisions regarding your investments.

Cryptocurrency Bank Card App

Users are only able to fund their account by using credit cards issued by Visa or MasterCard. There is no limit or minimum to the amount you can send.

When withdrawing the funds, you will have to submit an ID proof and wait for the exchange to complete its verification process.

Hodly Security

Hodly apparently has implemented industry standard security for ensuring the safety of the coins on its exchange. They store the coins offline from the moment a user creates an account on hodly, and their information is encrypted and sent to a secure offline location.

Afterward, backup copies are made and stored on hard drives as well as paper wallets which are kept across multiple bank vaults in secret locations.

For secure communications, they use a Secure Socket Layer (SSL) technology, advanced PCI DSS for their credit card payments, as well as AES 256 encrypted communications.

They also require users to activate their two-factor authentication.

Other Features

The exchange claims that they will support cryptocurrency forks. This means that in the case that a hard fork occurs while you are holding a cryptocurrency, the exchange will support both of the resulted coins.

Seeing the number of coins that are happening nowadays, this could prove to be a quite a difficult task for the Hodly team.

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The app also has a feature called the “ultimate explorer” which is a summary of all the cryptocurrency market movements in addition to news, information and charts that concern a particular coin in that day.

Coin support and Fees

The fees were not displayed on their official website which can be quite discouraging for a new trader looking into using the app.

Their chat support responded that when purchasing coins, a fee of 4.9% is charged, while for withdrawing and depositing with cryptocurrencies you only have to pay the miner’s fee.

The fees are quite high when compared to other more established exchanges.

Hodly Customer Support

Support on Hodly is provided by an instant chat option, which can be accessed with the icon in the bottom right corner of the site. Users can send their questions or make requests as a message.

Their verifications are executed by NetVerify algorithms, meaning that customers do not have to wait for human verification, a process which usually slows down most exchanges.

Hodly Conclusion

Hodly is a simple and easy to use crypto trading app which has rather high fees, but it is ideal if you are looking for a quick fiat purchasing option. If you need an advanced trading platform with many crypto options, then we recommend you look for other platforms.

The Review

Hodly Review

Hodly is a simple and easy to use crypto trading app which has rather high fees, but it is ideal if you are looking for a quick fiat purchasing option. If you need an advanced trading platform with many crypto options, then we recommend you look for other platforms.

Hodly – simple, instant, secure cryptocurrency wallet

#1 Choice to Buy and Keep Cryptos – Buy, sell & keep major cryptos. Simple, instant, secure.

Fork Support – Hodl your favorite coin and benefit from forks”

Ultimate Explorer – All data, charts, market caps and price changes in one place”

Quick and easy bank card purchases – Buying and selling Crypto has never been easier: it literally takes a couple of clicks. You will also appreciate the added level of security that comes with bank transactions.”

Supportive community

Reasons why audience love Hodly

  • Simplified verification process that only requires an ID
  • Ability to keep, buy or sell major cryptocurrencies with a bank card in just a couple of clicks
  • Instant and free transfers to other Hodly users
  • Two-step authentication for even more protection
  • Smart feed with the latest trends and up-to-date cryptocurrency prices
  • 24/7 support service
  • Encrypted offline storage for cryptocurrencies and users’ personal data
  • Wide selection of cryptocurrencies that is still growing
  • In-app chat where Hodly users can connect with each other

Simplified verification
No verification needed to buy, sell and receive. Once you’re ready to withdraw, just upload your ID and it’ll be verified in 15 minutes.

Watch how does it work

Complete peace of mind
We take every precaution to make sure your funds are safe.

2-Step Verification
In addition to being password-protected, your account will also require a security pin.

2-Factor Authentication
No imposters allowed! In addition to your username and password, each login will also require a piece of information that only you can provide: a pin code sent to your phone.

Cold Storage
We use an encrypted offline storage for your complete safety.

Offline Storage
Call us old-school, but 80% of customer funds are stored offline. How does Crypto even go offline?

1 STEP – Sensitive information is transferred to a secure storage disconnected from the Internet.
2 STEP – The data is then encrypted and backup copies are made on flash-drives and paper.
3 STEP – Both the originals and the copies are distributed between several bank vaults in different countries.

Your funds on-the-go
Put the Wallet in your pocket as a light but powerful app for iOS or Android.

Risk Warning
Cryptocurrencies are highly volatile, risky and complex products. Due to wide price fluctuations, trading them may result in significant loss over a short period of time. Leverage can work both to your advantage and disadvantage. As a result, trading cryptocurrencies may not be suitable for all investors, and you should never invest money that you cannot afford to lose.

Hodly Review | Cryptocurrency wallet created by the founders of IQ Option

Hodly is a cryptocurrency wallet that was created by the founders of IQ Option Ltd. But there are many e-wallets today, why add to the numbers? What makes Hodly unique is the fact that it’s both an e-wallet and exchange platform for electronic currency. In short, it proves you with a platform where you can buy and sell electronic money.

Hodly is a simple and easy to use platform that gives you the ability to buy, sell and store various types of electronic currency. These include Bitcoin, Bitcoin cash, Bitcoin gold, Dash Ethereum, Ethereum classic, Lite coin, NEM, NEO, Omiro, Otum Ripple, Tron, and Zcash.

Hodly Registration.

It’s actually quite easy for you to register on Hodly and the whole process should take 5 minutes. I mentioned earlier that Hodly is actually a creation of IQ Option trading broker. This means that once you register for an account on IQ Option, you automatically get signed up for an account at Hodly.

But you don’t need to have an account at IQ Option for you to access Hodly’s services. You can simply just access their official website and start with the registration process.

Once you have arrived at their homepage you will have to click on the ‘register’ button to start the process. This button is located at the top right corner of the page.

You will then be directed to another page with a ‘Create your wallet’ button. Click on this. If you already have an account with IQ Option they will tell you that your email address is already registered. You can just go ahead and sign in instead using your IQ Option email address and password.

If you don’t have an account yet then you will be required to fill in your email address and password. After which you confirm and agree to their terms and conditions before clicking on ‘start.’

Welcome to Hodly.

Once your done with registration, a pop-up window will appear. This is window serves as a welcome note as well as giving you the option to make changes on your notification preferences. Adjustable preferences include :

Phonecalls: You can choose to allow or disable calls from Hodly customer support. They call to deliver personalized offers.

Push notifications: This includes getting the latest news and updates straight on your device.

Email notifications: You can choose to get the latest news and updates through your email address.

Please note that even though at this stage you will be able to buy, sell and receive your profit. You can only be allowed to withdraw your money once you’ve verified your account. This is 15 mins process that only requires you to upload your Identification Document.

Buying Cryptocurrency.

This is among the main functions of Hodly. Unlike other e-wallets out there, Hodly allows you to buy electronic currency traditionally using your debit or credit card. After buying, your cryptocurrencies are deposited to your wallet. They also give you the option to store them on their platform or send them to another wallet. You can even withdraw your cryptocurrency as cash.

Go to your Hodly user main page and click on the ‘buy crpyto’ button. This button is found at the top right side of your screen.

A pop-up will appear where you will fill in how much you intend to spend on buying cryptocurrency. Just below this field is a counter where you will choose what currency you choose to buy.

Before you are directed to the payment page, you will see a summary of your transaction. Once you have confirmed, fill in your payment details and proceed. You’ve just bought your first cryptocurrency!

Is Hodly Safe?

Hodly is quite impressive and shows a lot of potential. But is it safe? Yes. IQ Option and Hodly are both safe and compliant with the terms of security operations. When it comes to technology security, your personal and payment details are secured. Hodly uses Secure Sockets Layer (S.S.L) protocol and the PCI DSS, world class security standard.

To further secure your funds and details they apply the cold storage method. This is where your details and 80% of your funds is printed and stored offline in different bank vaults all over the world.

On your end safety safety is ensured by double authorization. This is more than the usual email address and password routine to login to your account. In this case, whenever you login in, a secret code is sent to the registered phone number for verification.

Hodly Customer Support.

Hodly provides its users both community and personal support . With community support you get to communicate and interact with other Hodly users from all over the world. They also promise 24/7 personal support in case you get stuck. For everyday issues you might also want to checkout their F.A.Q page for a quick fix. Clearly, they are doing their best to ensure that your experience is smooth and easy.

Hodly Apps.

You can now manage your cryptocurrencies while on the go thanks to their user-friendly apps. These apps are available to both Android and Apple Users .Their interface is build in such a way that you can buy and sell electronic currency by just the press of a button.

As far as cryptocurrency is concerned Hodly is showing potential of being the best out there. If you have had an experience with Hodly tell us in the comments section below.

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