Post
Topic
Board Project Development
Re: Global P2P cryptocurrency exchange that doesn't hold your funds
by
ArturHodlHodl
on 20/09/2018, 09:33:00 UTC
I didn’t understand what the word "doesn't hold your funds" means, if your platform supports/acts_as escrow, it need to manage/control that funds.
What is the address/located of that company?

We don't act like escrow - we generate it for each specific trade. Escrow is the type of 2-out-of-2, where 2 keys required to make a release: one belongs to the seller, one is the Hodl Hodl's key.

Currently, we're implementing new type of escrow account: 2-out-of-3, where the buyer will have a key as well.

I do not know about the legal status of this, but I do not expect it to remain in the future.
EDIT:  Your site works as Binance platform, you can use it without verification, but you need to verify it to bypass the restrictions.
Source: https://hodlhodl.com/pages/faq#are_there_any_limits_for_a_user_on_exchange

We apply limits to users for the sake of improving your overall experience, specifically your safety and comfort level when using our exchange.

Our exchange offers many features, and each feature could potentially become a target of any of the well known spam & scam cases in the crypto-community, so we have taken the necessary steps to reduce this possibility so that unfair users cannot harm you, and user limits help protect users.

Limitations set by us doesn't interfere with trading at Hodl Hodl, they interfere with scammers.

ETH is now more common than Litecoin, why you support it?

Since adding ETH is much more complicated, than adding LTC.

Good movement Smiley

Thanks.