Opinion about Hodly

Attention! Hodly it is no longer available . In our list of the best websites to buy Bitcoin you have many other alternatives to choose from.

Hodly is a portal for the purchase and exchange of cryptocurrencies that emerged at the beginning of 2018. He is part of the Cypriot company IQ Option, with previous experience on other sites for trading digital currency. In this review about Hodly we analyze everything you need to know about its operation: accepted currencies, payment and withdrawal methods, all the cryptocurrencies it handles and, above all, the functionality of its App. In addition, we have reviewed with special attention the way in which it presents the information, warns of its commissions and the regulatory entities in charge of it.

In Estafa.Info we limit ourselves to reviewing only pages belonging to trusted operators, officially registered and offering the necessary guarantees for your security. Check with us the reliability of Hodly and its advantages over other similar websites in the following sections.

Our experience with Hodly

If you decide to use Hodly as your bitcoin (BTC) wallet, the first thing you are interested in knowing is that in addition to it, you can handle more than a dozen cryptocurrencies: Ethereum (EHT), Ripple (XRP), Bitcoin Cash (BCH), Litecoin (LTC), Ethereum Classic (ETC), Bitcoin Gold (BTG), OTN Token (OTN), Stellar (XLM), Zcash (ZEC), OmiseGO (OMG), NEO (NEO ) and Tron (TRX).

Accepts balance in NZD, US dollars, pound sterling and rubles. By the IP address from which you make your registration, the page will set by default the currency of your account. Until very recently, it only admitted income from VISA and MasterCard cards, and withdrawals to a bank account of which you prove to be the holder. But now you can also deposit funds using NETELLER, and bank transfers with Sofort and WebMoney.

At the moment the Hodly page does not have a frequently asked questions section, nor dedicated to the company's data. Instead, you can download the PDFs on the legal requirements, security and legislation for EU members. And of course, if you have any questions, use the Customer Service phone, they will be happy to answer your questions.

Two other important aspects when managing Hodly are your contact phone (corresponding to the company, not the page) and your live chats. There are three dedicated to cryptocurrencies (ripple, ehtereum, bitcoin) and two for assistance: Hodly Support and Crypto Chat only available in English.

This site is not registered with any regulatory authority. The company to which it belongs (IQ OPTIONS), does have other platforms regulated by the CySEC , the highest financial authority in Cyprus, with a similar function to the CNMV in New Zealand. However, its terms and conditions do contemplate many of the aspects contemplated by the dollarpea regulations on high-risk investments and data protection.

Hodly: Scam or legit?

Hodly is not a scam: it belongs to a legally registered company, adhered to the Cypriot banking authority and meets all the legal requirements imposed by the EU. Only use secure payment gateways, with a confirmation procedure via SMS to verify that it is really you who makes any movement in your account. It also manages its website from an encryption protocol.

It stores 80% of its clients' funds offline in vaults from different countries. For the treatment of the data of its users, it uses paper and flash drives, and it ensures that it transfers all the confidential information of its clients to storage units disconnected from the network.

Their live chat service operates daily during full hours. The information it offers from its homepage is updated with a guarantee of at least the last 24 hours, but in reality you can observe the equivalence fluctuations between conventional currencies and cryptos while you are preparing to buy or exchange.

Finally, you can check for yourself how the page contemplates the mandatory risk disclosure policies in Dollarpa, as well as the data protection laws in force since this month of May (downloading the pdf dedicated to Privacy Policy).

Current promotions in Hodly

As usual on other portals, there are no promotions or anything like bonuses. You can simply stay informed to know when it is more convenient for you to trade. In addition, with the list of charts offered at a glance, it will be very easy for you to choose among the 13 cryptocurrencies available on the page.

At the moment, Hodly also does not offer discounts on the commissions of the page, nor variation in the percentage of charge per deposited or withdrawn amount. All currencies have the same conditions, regardless of the deposit or withdrawal method you choose.

Trading cryptocurrencies on Hodly

Like most pages dedicated to cryptocurrency speculation, Hodly has developed a short video in which it summarizes all its functions. Actually his page is especially illustrative about it and goes straight to the point as far as what it allows you to do. Its three main functions are:

• Buy cryptocurrencies (up to 13 different types) using conventional currencies (US dollars, rubles, NZD or British pounds)
• Sell cryptocurrencies to Hodly himself, withdrawing the currency equivalent from your account to your bank, paying a commission of 4.9%.
• Store your cryptos in total security.

Among its limitations are that it does not allow you to exchange some cryptocurrencies for others, take the cryptocurrencies out of its portal or to another cryptocurrency wallet, nor use your account on the site as a wallet to buy, for example, using your bitcoins.

Hodly is essentially a portfolio, or what is the same, a tool mainly dedicated to speculation with 13 of the main cryptocurrencies available on the market, starting from the investment of conventional currencies. In no case can it be considered, at least for now, as a digital currency wallet.

Deposit and withdrawal methods

Hodly's deposit and withdrawal methods are totally secure: to invest you make a deposit directly from your bank (or using Sofort or WebMoney), NETELLER or with your VISA or MasterCard, which will be uploaded to your account on the site, in the currency that has been automatically selected according to your IP address, when creating your account on the platform.

The minimum limit is $ 10, but be careful because if you access the purchase from the "Deposit" button, inside the main Panel, selectable amounts with a minimum of $ 30 will appear. Write for yourself the amount to deposit, between $10 and $100,000.

When making deposits you should take into account three things:

• First of all, first make sure what the daily or per-transaction limit of your card is: in case it is marked at $ 600, you will not be able to make a deposit of for example $ 700 in one go.
• Keep in mind that although the page allows you to select which currency you want to deposit in. Hodly automatically assigns you a currency based on the IP address from which you create your account before making your first deposit.
• Check which currencies are activated in your account before you start. Simply move them from off to on by dragging the position button and turning it from gray to orange.

When you request a withdrawal, Hodly takes some time to process your request, and asks you to prove your identity by sending a copy of a valid identification document, for example the ID. This can cause a delay of up to a week when requesting your first withdrawal. Once your bank account has been credited, the portal makes the transfers within one business day.

Safety and regulations

The portal is protected by an SLL certificate from DigiCert Inc., which guarantees that all the information you send through its page is encrypted before being transmitted over the network. You will find all the information about it by clicking on the green padlock that appears before the URL when accessing its page.

In addition, the payment methods use world-famous protected gateways that are used on a daily basis in business transactions around the world, such as the 3D-Secure system for VISA and MasterCard cards. For now it does not allow to use paypal , but maybe it's just a matter of time, because initially it didn't give the option to deposit with NETELLER either.

In general, trading with Hodly is reliable and fast, because you don't need verification to buy, sell or receive cryptocurrencies. The thing changes when sending cryptocurrencies or asking for a withdrawal of funds from your account.

All your movements are protected in two steps: the password to access your account on the platform accompanied by your username, and if you wish, with each login, a PIN code that the page sends to your mobile. In addition to all this, you can always check the session history from your profile.

It may be a bit heavy, but keep in mind that when you request the first withdrawal of funds from Hodly the transaction may be delayed for several days. It is normal that many pages for brokers, as well as casinos and bookmakers ask you to prove your identity and that the account to which you request the withdrawal is in your name.

Customer service

As we mentioned above, Hodly has live help chats available every day of the week 24 hours a day. There are also two customer service numbers available in New Zealand. Depending on what the reason for your call is, you may be more interested in one or the other.

The chat in New Zealand is called "Support". When we tried to use it, after a few minutes a message popped up in which we were warned that all the Spanish-speaking assistants were busy. If this happens to you, your second option is the Customer Service phones. IQ Option Spanish, the company responsible for the page: 91 123 87 48 from 9 am to 9 pm, and toll free 900 86 16 12.

Functionality of the website

You will find all the available information, with a minimum of 24 hours of updating, in the “Explore” section of the Hodly page. Prices, market capitalization and volume in 24 hours are displayed in dollars.

The evolution of the graphs for each of the cryptocurrencies in which you can invest, are shown in terms of 1 day, 3 days, 1 week, 1 or 3 months, the last year or since the birth of the cryptocurrency in question. Red for descending processes and green for ascending. Accompanied by a percentage that shows the total of its revaluation in the selected period.

As a whole the page is visually very direct: there is nowhere to get lost. To trade, all you have to do is click and open the drop-downs with all the available currency options and deposit methods.

The messages and notifications appear indicated in a notice about the mail as soon as you enter the platform. To access your data and the configuration of your account in Hodly you just have to click on your user profile, where you can also see the ID number assigned to you on the page.

Hodly is currently available in a dozen languages other than Spanish. Although it is not necessary that you know how to handle yourself in English, it will be useful for you to access information about the terms and conditions of the page, and communicate in most chats.

Hodly App

You can trade with Hodly from your computer, tablet or mobile using the platform portal directly, or by downloading the free App available for Android and iOS, respectively on Google Play and iTunes. But the truth is that the interface of the page is built in such a drastically simple way that in our opinion it is not even worth downloading the App.

If you prefer to use the Hodly App anyway, you won't have any problems: it's completely intuitive and with the same security resources as if you were operating through your Android tablet, PC, iPad, or Mac.

Conclusion: a new wallet for the purchase, sale and storage of cryptos.

After trying Hodly, we have to warn you that as with any of the best websites to buy bitcoin and invest in cryptocurrencies it is not officially registered under the auspices of a regulatory authority. This is because their activity, as well as cyber-currencies themselves, do not move within the standards of the traditional investment market.

In our opinion it is one of the most innovative wallets and therefore also the most promising, among those dedicated exclusively to the purchase, sale and storage of cryptocurrencies. It offers the easiest to read charts with useful information, has one of the simplest interfaces to use, and without any doubt handles one of the largest comparative catalogs of cryptocurrencies on the market.