Is HODLY An Ideal Crypto Wallet

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Hodly Review – Is scam or safe cryptocurrency exchange?

Trading Accounts & Conditions

Account type Leverage Minimum transaction Trading Fee Deposit Fee
Standard 1:1 $10 2.50% Unspecified

Hodly is a rather new cryptocurrency wallet, which will also allow users to convert fiat currencies to digital assets. The word exchange could be used to describe this service, but as its name suggests it targets “HODL” investors, more than active traders. The project seems very ambitious and while we found a few issues, they are mostly due to its age.

Hodly Advantages

Backed by IQ Option – the biggest issue in the world of crypto is counterparty risk (i.e. the risk of you dealing with a dishonest exchange). Hodly is a brand operated by IQ Option, a reputable binary options and forex broker, which is regulated by the Cyprus Securities and Exchange Commission (CySEC). When logging into Hodly, one uses his IQ Option account. While, this doesn’t make the wallet a regulated service (more explanation below), one can expect a trustworthy service, especially when it comes to the live support which we even tested.

Simple layout and an app – the entire user interface at Hodly is very simple and attractive to newcomers, much in the style of the parent company. A huge emphasis is placed on the convenience of their mobile app. That being the case, we still prefer looking at the desktop versions of all exchanges we review, so here is a preview of the dashboard:

How you can mange your funds (both fiat and digital)

2FA and 80% cold storage provided – when it comes to the security measures, Hodly does very well, offering two of the popular (and solid) features. Two-factor-authentication (2FA) means you can link your account with your smartphone. Afterwards a manual verification (via the appropriate third party app) will be required. Cold storage on the other hand, means a majority of the users’ coins will be held in offline wallets, which makes them much harder to access in case of a hack.

A lot of fiat payments and currencies – Hodly currently accepts deposits via Credit Card, Skrill, Netteler and Webmoney. This is a very extensive lineup for the cryptocurrecny space, where most companies either support credit cards or bank transfers (or only offer crypto-to-crypto trading). Furtthermore EUR, USD, GBP, RUB are the fiat currencies which you can store in your account.

Wallet is still not regulated – we briefly highlighted this in the beginning, but we have to expand upon it – Hodly isn’t regulated by CySEC. The renowned watchdog simply doesn’t have a framework for overseeing cryptocurrency exchanges (yet). Still, the mere fact, the people from IQ Option are behind this project is a massive positive, when compared to most exchanges.

New project – this is a negative, in the sense that Hodly hasn’t proven itself yet. Some technical issues may be expected before the team works out everything.

Fees aren’t disclosed – for us this was probably the biggest surprise, given the backing of an experienced company. While, it’s true one sees a rate, when placing an order on Hodly (and can compare it to the spot rates at other exchanges), we would have still preferred to see a detailed table with all the conditions. Luckily the live support was very swift and accurate:

What we were told, when we asked about the fees at Hodly

Costs only ok for entering crypto – the 2.5% fee charged, when trading is decent, for a fiat-to-crypto offer, but will not attract speculative traders. Then again this isn’t an exchange, but a wallet service with some exchange functionality.

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Not suitable for trading – the mere name Hodly doesn’t sound like a place where you will go to speculate with Bitcoin – this is the venue where you HODL your long term investments. In case you are looking for a short term trading solution, some forex brokers (like IQ Option themselves) also provide crpto.

Hodly is a new cryptocurrency wallet, which also acts as an entry-level exchange. The brand is owned by IQ Option, a CySEC regulated binary options broker. This brings a lot of credibility to the project, even though time will be the ultimate judge. As of the time of writing, the multiple payment options and currencies (both fiat and digital) look very attractive.

Despite seeming like a credible wallet, Hodly is for the “HODL gang”, while speculative traders will prefer another service. As we mentioned in the review, some forex brokers allow you to trade with crypto-CFDs. Such an offer can be even safer than most exchanges, presuming you deal with a regulated company.

Broker Advantages

FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.

Trading212 is a European broker with an excellent proprietary trading platform, which is now available as an iPhone app as well (we tried it out and we loved it). Trading 212’s customers enjoy fast execution a vast selection of trading instruments.

XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.

FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.

FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.

FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.

FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.

HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage – one of the highest in the industry.

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.

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.

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    Thread starter Plustoken Start date Feb 22, 2020 Tags bitcoincrypto currenciescrypto wallets reviews


Newbie Member

Why Plus Token’s price continues to increase

The demand for Plus Token increases continuously, causing increase on its price. The following are various types of demand.

  1. Trading fee: 0.2%
  2. Payment processor fee: 0.2%
  3. Blockchain games (pay with Plus)
  4. Mining machine: 1 million Pcs
  5. STO exchange (50% trading fee pay to affiliate)
  6. Diamond and VIP (holding $50,000 to $100,000 value Plus Token)
  7. Global business application
  8. Cryptocurrency lending income
  9. AI-dog
  10. Continuous buyback of Plus Token till 100 million tokens left
  11. Miner fee (use Plus Token to pay)
  12. Forever trading fee sharing for user holding 300 plus

The Plus Token App

Once you download the Plus wallet app (usually compatible with both iOS and Android), you need to do the following:

  • Select language at the bottom left and click “register” icon at upper right
  • Scroll down and wait for a few minutes and click membership agreement
  • Choose your country code by clicking the default +86 icon and enter your mobile number. Fill in the necessary information such as member ID (your phone number without country code), password, trading password, and referral number.
  • Fit the puzzle piece verification
  • Write down 4 sets of mnemonic words (or screenshot) and remember the sequence of the words
  • Verify the sequence of the mnemonic words
  • Copy or save the private key (this is very important so write it down)
  • Done!—back to the wallet

Plus Token wallet team income sources

  • AI-Dog intelligent arbitrage moving brick robot’s profit (Note: minimum deposit USD 500 worth of the above coin (based on the coin type) in order to activate AI-Dog)
  • Own internal crypto exchange (Sept 2020)
  • OTC
  • Token exchange and more

How to earn

Instead of keeping your token in your online wallet or exchange wallet, it is better to store them in the Plus Token mobile wallet to earn profit from them.

This can reduce the loss of profit when your coin or token is down in the marketplace. When the coin price increases, you stand to gain more than others.
Proof of Arbitrage trading AI Link
Exchange Link

2. Click on “Instruction Video” TAB

3. Watch the top 2 videos on APP Installation and Registering
a New Account

4. Watch the 3rd video on IOS APP Installation if needed.

5. Click the TAB “Download APP” and once you have the APP installed, use [ ‭739856284‬‬ ] in the (Referees) section to register

Based on everything we have seen via its non-official website, social media feedback and the like – i can say this company sounds legit affter all my reserch

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    Free Demo Account.
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