<![CDATA[Stories by Hodl Hodl on Medium]]> https://medium.com/@hodlhodl?source=rss-b1f3d322dadf------2 https://cdn-images-1.medium.com/fit/c/150/150/1*PJ4xeTc0v0DOWgJIb25k8Q.jpeg Stories by Hodl Hodl on Medium https://medium.com/@hodlhodl?source=rss-b1f3d322dadf------2 Medium Thu, 22 Nov 2018 05:50:04 GMT <![CDATA[Hodl Hodl closes funding round]]> https://medium.com/@hodlhodl/hodl-hodl-closes-funding-round-417d97952d42?source=rss-b1f3d322dadf------2 https://medium.com/p/417d97952d42 Mon, 19 Nov 2018 08:10:26 GMT 2018-11-19T08:42:59.267Z For a long time Hodl Hodl remained self-funded. It was our own money that paid for the development and the team. This year we realized we needed to grow and move forward faster so we decided to start looking for external funding. We initially talked to a number of VCs and after months of negotiations it became obvious this wouldn’t work. Some declined us, some were constantly putting us on hold. We figured it’s just the way it works with VCs (read an awesome article “How to raise money” by Paul Graham on the subject, very helpful if you’re raising money for the first time).

In retrospect, we don’t really think VC funding would’ve been the right fit for a Bitcoin-company like ours. We don’t do KYC/AML and we’re not bending and selling our customers (and not because we’re so good and honest, but because that’s part of the value we provide and, thus, part of our business model) — and, if we took that VC money, our feeling was, we’d start bending.

Instead, we were very lucky to be approached by a number of bitcoiners who attended our “Baltic Honeybadger” conference, know us personally and decided that they wanted to invest in Hodl Hodl. And so they did.

So today, we’re proud to announce that WhalePanda, Ambroid, Marsmensch and two more undisclosed persons became the first investors of Hodl Hodl.

In 2019 Hodl Hodl will be:

  1. Improving the P2P Exchange platform
  2. Releasing P2P prediction contracts market (aka P2P Bitcoin Futures)
  3. Releasing a number of other stealth features that will hopefully be incredibly useful to the Bitcoin economy.

In general, Hodl Hodl will become THE platform for multisig contracts on Bitcoin.

We would like to thank all our investors for believing in us and we hope to not only deliver what is expected of us, but become good friends with them all over time. They’ve been really helpful and were encouraging us from Hodl Hodl’s launch so we duly appreciate that.

And finally, some good news for our customers: we’ll lower the exchange commission to 0.4% for December 2018, until the end of the year.

]]> <![CDATA[Update on Hodl Hodl: New payment type “Cryptocurrency”]]> https://medium.com/@hodlhodl/update-on-hodl-hodl-new-payment-type-cryptocurrency-ca7b7ab94b2f?source=rss-b1f3d322dadf------2 https://medium.com/p/ca7b7ab94b2f Fri, 09 Nov 2018 14:40:34 GMT 2018-11-09T14:40:34.747Z Dear Hodlers,

We want introduce to you an update at Hodl Hodl — we have added a new payment type “Cryptocurrency”.

Quick summary

From now on, every user can buy and sell Bitcoin and Litecoin, for other cryptocurrencies at Hodl Hodl.

About

When creating an offer, every user has to specify the payment method(-s) that he will accept. And every payment method is tied to a specific payment type: for example, payment methods “SWIFT” and “SEPA” are tied to the payment type “Bank wire”.

With this update, in the list of payment types, you can find a new one: “Cryptocurrency”.

It is tied to different payment methods such as: “Dash”, “Monero”, “Ethereum”, etc., which can be used to buy and sell your bitcoins and litecoins.

Further plans

We also have plans related to cryptocurrencies as payment methods. In the future, our customers will be able to set prices in terms of cryptocurrency, not fiat, as it is currently.

So you could create a Bitcoin buy or sell offer, for the price of 60 monero’s per 1 Bitcoin.

Propose a payment method

In case you don’t see the cryptocurrency you need in the list, you can propose one in the page “Payment methods” (which you can find in the user menu in the right top corner).

Once administrator approves your request — you will able to create an offer with the newly added cryptocurrency.

Previously

We had a payment method “Cryptocurrency” related to the payment type “Online payment system”, and with this update, we have deleted this payment method and disabled all offers using it.

Therefore, if you were the owner of such an offer, we kindly ask you to update your offer(-s), please set new payment methods using the exact name of the cryptocurrency you want, and don’t forget, you can set multiple payment methods in the same offer.

Reach us via

Hodl!

]]> <![CDATA[Introducing a new feature: Lower exchange fees for staying online]]> https://medium.com/@hodlhodl/introducing-a-new-feature-lower-exchange-fees-for-staying-online-302906f8b49f?source=rss-b1f3d322dadf------2 https://medium.com/p/302906f8b49f Thu, 08 Nov 2018 14:02:57 GMT 2018-11-08T14:02:57.512Z Dear Hodlers,

Today we introduce a new feature at Hodl Hodl — lower exchange fees for staying online.

Quick summary

Based on feedback from our users, we understand that everyone wants to see other users online at Hodl Hodl, otherwise, when starting a trade, nobody knows when it will advance from there.

So from now on, every user will get an exchange fee discount for staying online.

Description

Starting from today, Hodl Hodl now gives a discount of 20% off the exchange fee for being online for at least 8 hours within the past 24 hours.

We placed a timer in every user’s dashboard, which indicates how much time you need to be online until your discount is applied. When you reach the required time online — we’ll indicate in your dashboard that you are receiving the exchange fee discount.

Please be advised, the “time online discount” is applied at the moment the trade starts.

Reach us via

Hodl!

]]> <![CDATA[Hodl Hodl announces OTC trading desk and brokerage company Tenbagger]]> https://medium.com/@hodlhodl/hodl-hodl-announces-otc-trading-desk-and-brokerage-company-tenbagger-fed4be91db6?source=rss-b1f3d322dadf------2 https://medium.com/p/fed4be91db6 Fri, 02 Nov 2018 14:41:47 GMT 2018-11-02T14:41:47.679Z

We are proud to announce our OTC trading desk!

From now on, Hodl Hodl, in partnership with our EU licensed broker Tenbagger, will match and guide counter-parties, allowing you to buy and sell bitcoins with same day settlement, at the most competitive rates.

There has been a vibrant OTC Bitcoin trading market operating in parallel to the existing exchanges, but none of them are offering non-custodial escrow services for cryptocurrencies which would eliminate the risk of losing funds.

Hodl Hodl has developed non-custodial cryptocurrency escrow that leverages the full potential of Bitcoin’s blockchain, and ensures the highest level of security. For each trade, we create a unique multisig escrow account on Bitcoin’s blockchain, ensuring transparency and the highest level of security.

This also doesn’t affect our current operations. We are still non-KYC/AML non-custodial P2P exchange suitable for any type of trade — small or large. We are sticking with our original plan to help people buy Bitcoin/Litecoin in an easy and secure way.

Why choose OTC trading with us?

- Secure transactions

- Competitive rates

- Same day settlement

- Private and personalized trading experience

- 24/7 personalized support

To contact us:

Hodl!

]]> <![CDATA[Hodl Hodl introduces 2 out of 3 multisig escrow]]> https://medium.com/@hodlhodl/hodl-hodl-introduces-2-out-of-3-multisig-escrow-b2110580e036?source=rss-b1f3d322dadf------2 https://medium.com/p/b2110580e036 Mon, 22 Oct 2018 14:38:05 GMT 2018-10-22T14:38:05.903Z

Hey Hodlers,

Today Hodl Hodl, a P2P cryptocurrency exchange, introduces a new type of multisig escrow account available for contracts at the exchange. From now on, during offer creation, every user will choose what type of contract will be created by the offer: 2-out-of-2 or 2-out-of-3.

About

We have recently added a new type of escrow, and it’s already available for trades, it requires 2 out of 3 keys for making a release. This means, that from now on, in 2 out of 3 contracts, buyers have some control over the funds locked in escrow, since one of the keys belongs to himself, and the other two belong to the seller and Hodl Hodl. Also, 2 out of 2 contracts are still available for trading.

How does it work?

In every trade, Hodl Hodl exchange generates a unique multisig escrow cryptocurrency address, where the seller locks the funds, and then buyer sends the payment. Only after seller has received the payment, he releases funds from escrow directly to the buyers wallet.

In a regular 2 out of 3 contract, where everything goes well, buyer’s key is not needed — it only comes into play if the contract was disputed, and Hodl Hodl administrator resolved it in favor of buyer. In this case, buyer is able to sign a release transaction with his key and receive the funds without seller’s participation. This is how the 2 out of 3 contract type works.

Differences between these types of contracts

Now, you may have a question: what does the term “contract type” mean? Contract type indicates how many keys are needed to make a release from escrow:

  • Contract type “2 out of 2”: this means, that in contracts of this type, 2 keys are needed for a release, and in total there are 2 keys to escrow: one belongs to the seller, and one to Hodl Hodl.
  • Contract type “2 out of 3”: this means, that in contracts of this type, 2 keys are needed for a release, and in total there are 3 keys to escrow: one belongs to the seller, one to the buyer, and one to Hodl Hodl.

During the offer creation process, every user specifies what type of contract will be created with this specific offer. Once the offer is created, the contract type will be shown in the offer list for other users.

In case you already had offer(-s) before today, these contract types will remain 2 out of 2, so if you want, you can now edit your offer(-s).

Reach us via

Hodl Hodl exchange: hodlhodl.com

TESTNET Hodl Hodl exchange: testnet.hodlhodl.com

E-mail: support@hodlhodl.com

Blog: https://medium.com/@hodlhodl

Twitter: https://twitter.com/hodlhodl

Telegram: https://t.me/HodlHodl

Reddit: https://www.reddit.com/r/hodlhodl

Slack: https://goo.gl/zaMnCn

Facebook: https://www.facebook.com/hodlexchange

YouTube: https://www.youtube.com/channel/UCgujEoZqX_FfDTLb3Uuhsdg

Hodl!

]]> <![CDATA[Introducing a new feature: Chat attachments]]> https://medium.com/@hodlhodl/introducing-a-new-feature-chat-attachments-bb0d749b4381?source=rss-b1f3d322dadf------2 https://medium.com/p/bb0d749b4381 Fri, 05 Oct 2018 14:53:27 GMT 2018-10-05T14:58:45.675Z Introducing a new feature: Chat attachments

Dear all,

Today we are introducing a new feature at Hodl Hodl — chat attachments.

Quick summary

After receiving requests from our users, we’ve decided to add a new feature. At first glance, it seems to be a minor one, but it is crucial for trading cryptocurrencies via a P2P platform — to allow sending files in the contract’s chat window. Chat attachments would be very beneficial in case of dispute, users will have an opportunity to exchange information quick, which will reduce the time of solving the dispute.

Description

Each user now has the “paper clip” icon in the contract chat window, by clicking it, you can now send files to the chat.

An important feature to consider is that you may send an attachment to the administrator only, meaning your counterparty cannot see it — you may do so by leaving the checkbox “Show attachment to counterparty” blank.

Conversely, you must check the box to send an attachment to your counterparty.

Reach us via

Hodl Hodl exchange: hodlhodl.com

TESTNET Hodl Hodl exchange: testnet.hodlhodl.com

E-mail: support@hodlhodl.com

Blog: https://medium.com/@hodlhodl

Twitter: https://twitter.com/hodlhodl

Telegram: https://t.me/HodlHodl

Reddit: https://www.reddit.com/r/hodlhodl

Slack: https://goo.gl/zaMnCn

Facebook: https://www.facebook.com/hodlexchange

YouTube: https://www.youtube.com/channel/UCgujEoZqX_FfDTLb3Uuhsdg

Hodl!

]]> <![CDATA[Hodl Hodl’s upcoming features]]> https://medium.com/@hodlhodl/hodl-hodls-upcoming-features-854248d843a5?source=rss-b1f3d322dadf------2 https://medium.com/p/854248d843a5 Fri, 28 Sep 2018 13:59:06 GMT 2018-09-28T13:59:06.252Z body[data-twttr-rendered="true"] {background-color: transparent;}.twitter-tweet {margin: auto !important;}]]> <![CDATA[Highlights of Baltic Honeybadger 2018]]> https://medium.com/@hodlhodl/highlights-of-baltic-honeybadger-2018-d920a791d0ab?source=rss-b1f3d322dadf------2 https://medium.com/p/d920a791d0ab Wed, 26 Sep 2018 14:05:32 GMT 2018-09-26T14:05:32.621Z body[data-twttr-rendered="true"] {background-color: transparent;}.twitter-tweet {margin: auto !important;}]]> <![CDATA[Baltic Honeybadger 2018]]> https://medium.com/@hodlhodl/baltic-honeybadger-2018-1c70eaa53d5c?source=rss-b1f3d322dadf------2 https://medium.com/p/1c70eaa53d5c Fri, 21 Sep 2018 13:34:11 GMT 2018-09-21T13:34:54.429Z ]]> <![CDATA[Introducing a new feature: offer balance]]> https://medium.com/@hodlhodl/introducing-a-new-feature-offer-balance-341c9e3ff0e7?source=rss-b1f3d322dadf------2 https://medium.com/p/341c9e3ff0e7 Wed, 19 Sep 2018 13:26:44 GMT 2018-09-19T13:29:51.979Z Introducing a new feature: the offer balance

Dear all,

Today we introduce to you a new feature at Hodl Hodl — the offer balance.

Quick summary

Some users may have a certain amount of fiat or cryptocurrency that they’re willing to trade at Hodl Hodl, so we decided to add an additional field to the offer creation form — where our customers can specify the total amount they are willing to trade through an offer.

Description

When creating an offer, every user is now able to specify the offer balance — the total amount of fiat that the offer creator is willing to trade. This is the max amount that may be purchased through the offer, in terms of fiat, or if it’s a sell offer, in terms of cryptocurrency (in fiat equivalent).

The balance is reduced by the amount of each completed contract through the offer, and when the remaining balance has been expended, the offer becomes inactive unless the user updates this field.

Reach us via

Hodl!

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