- May 8, 2018
- Posted by: Michael
- Category: Cryptocurrency trading
Hodly is a cryptocurrency wallet where investors can buy, sell and securely story top cryptocurrencies. This wallet was launched as a side product of IQ Option, industry’s well recognizable regulated broker where over 20 million traders have created their account to trade Forex, options and CFDs. In this Hodly review, we will introduce all the cryptocurrency wallet features.
- Website: https://hodly.com/en
Hodly – Main features from which investors can benefit
- Ability to keep, buy or sell major cryptocurrencies with a bank card in just a couple of clicks
- Simplified verification process that only requires an ID (ID verified within 15 minutes).
- Two-step authentication for even more protection
- Instant and free transfers between Hodly users
- Smart feed with the latest trends and up-to-date cryptocurrency prices
- 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
- 24/7 support service
Is Hodly safe?
Security is crucial when it comes to storing cryptocurrencies and we all know that the most secure place to store them is offline. This option might seem for some as too difficult or too expensive (you have to purchase hardware wallet and the good ones, like Ledger do not cost less than 100 €). Hodly, however, takes care of this hard work for you and they store 80% of all your funds offline. Apart from the offline storage, they implemented on their platform 2-factor authentication security system that will make sure that your cryptocurrencies are safe and available only to you. This feature will send you a pin code to your phone whenever you will want to access your Hodly wallet. Hodly really does go above and beyond with security, leaving nothing to chance.
Buying cryptocurrencies with Hodly
In order to buy any cryptocurrency they offer, you have to open an account. Once you do that you can directly buy with fiat your currencies desired digital coins. Currently, they offer BTC, ETH, XRP, BCH, LTC, ETC, BTG, ZEC, OMG, NEO, OTN, XLM, TRX. The minimum deposit is $10 and the maximum is $100,000. With Hodly wallet you can store all your cryptos in one place.
Buying cryptocurrencies instantly is possible either by a bank card or by using Netteler, Sofort or WebMoney.
Live chat with customer support and other traders
As you probably know, reaching customer support at a crypto exchange is usually very difficult and frustrating. At best, you get a reply to your questions within a couple of working days. With Hodly, however, you can have answers to your queries in a matter of seconds. They state that the customer support can be reached out on live chat 24/7. We did a quick test and contacted them on Saturday at 10 PM (GMT) and it was proved to us that this is actually true. One of the Hodly employees answered to us in about 1 minute. Apart from being in touch with their support team, you can also have discussions with other traders on the platform. Traders use this feature to share their ideas about what coins to buy, when to buy or sell them and similar things that are related to crypto investing. While the Hodly support team can be contacted without the need to make any deposit, a chat with other investors requires a trading volume of at least $300. That is probably so that some people who never invested any money in crypto wouldn’t write there unsophisticated information.
The Hodly mobile app
The Hodly cryptocurrency exchange also has in its pocket a mobile app. This application is available for iOS as well as for Android. I downloaded the app to my mobile so I could test it in practice. The user interface looks really smooth and modern. Positive comments can be also said about its usage, which is very plain and simple. Buying and selling cryptocurrencies can be done on the mobile app in a couple of clicks as well. While some people might enjoy the conveniency of having an access from a mobile phone to all cryptocurrencies offered by Hodly, others might appreciate the news feed feature that can be used to monitor live crypto prices. The Hodly smart feed collets publications from renowned portals like Bitcoin.com, coindesk.com or globalcoinreport.com.
Average rating Hodly