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Author: Admin | 2025-04-28
Used mainly for login, confirmation, and communication purposes, and not for identification purposes; hence, email masks are accepted.Hodl Hodl supports over 50 fiat currencies and 20+ payment methods. The platform even supports other cryptos as payment methods for Bitcoin which is uncommon among other platforms.Like other decentralized platforms, liquidity is adequate for small to medium-sized trades. Still, larger trades may prove difficult and expensive as prices are generally higher than the market average, sometimes rising 10% higher due to platform and network transfer fees.To begin trading, sign up for an account. You’ll be asked to set two passwords, one for your account and the other to approve transactions. Once both parties have accepted a contract, it is locked and cannot be reversed, so be careful when opening or accepting contracts.When buying Bitcoin, ensure that the counterparty has sent BTC to the escrow account and that the transaction has been confirmed by the network, not just received at the BTC address.Once the transaction has been confirmed, you can send payment, after which BTC will be sent to an address of your choosing.ProsDecentralizedSupports multiple currencies and payment methodsHas a global reachHas guardrails to help users transact properlyConsPrices higher than the market averageTransactions can take a while based on counterparty availabilityFeaturesChatbox for counterparty communication What is a Peer-to-Peer Crypto Exchange? A peer-to-peer crypto exchange is a platform or online marketplace that allows people to trade with one another directly. These exchanges differ from centralized and even traditional decentralized exchanges in that they allow
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