Bitcoin Hodl Hodl Platform Evades China’s Google Firewall for the Nation’s Traders

Bitcoin Hodl Hodl Platform Evades China’s Google Firewall for the Nation’s Traders

You may have heard of the Hodl Hodl bitcoin trading platform. Well, Hodl Hodl has recently revealed that it has been able to extend its services to China after finding out what was getting it blocked by Chinese firewalls.

The platform has recently posted a blog post which states it was using Google’s reCAPTCHA service in order to keep an eye on bots, but its use was getting its platform blocked by china’s great firewall. Moving off of it got Hodl Hodl to open for Chinese traders.

“Google services are limited in China, and Google Captcha is no exception, which we use in the registration process.

Previously, customers from China have faced the issue of not being able to complete the registration process, because of the aforementioned limitations.”

A representative from the exchange highlighted that the exchange always accepted traders in China but it was blocked by the nation’s firewalls. Artur, the representative, said that there’s a massive demand from Chinese traders for peer-to-peer trading, stating:

“For the privacy and security of our customers, we don’t publicly provide data on P2P trading on our platform, but I can say that there’s a huge demand in this country for P2P trading, especially after the biggest centralized exchanges disappeared from radar some time ago.”

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As a quick background on Hodl Hodl, the platform is a peer-to-peer exchange that allows users to trade directly with each other and it doesn’t hold user’s funds - locking it in multisig escrow instead - users can buy and sell bitcoins worldwide, using any payment system and with any currency.

In the blog post, they state:

“The main difference between Hodl Hodl and other P2P Bitcoin exchanges is that we do not hold user’s funds and do not have KYC/AML procedures. Hodl Hodl is also cheaper than most other P2P exchanges, with a maximum fee of 0.6% per trade.”

The representative once again added that he expects China to be one of the biggest markets the cryptocurrency exchange serves. 

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