What is Hodly
Hodly is a cryptocurrency wallet developed by IQ Option. The Hodly wallet was recently launched and has been praised for its multiple innovations and security features. This wallet is perfect for those who wish to manage, trade, hold or buy an array of cryptocurrencies.
IQ Option is a large forex and CFD broker which has recently expanded to the digital currency market. It is regulated by the CySEC financial authority in Europe and is considered one of the best trading platform providers worldwide. It is therefore no surprise that Hodly has been reviewed so favorably.
What is a Crypto Wallet
Just like regular money, cryptocoins have to be stored somewhere. Although digital coins are virtual and exist only as an encrypted code, this code and all the protections it needs to remain safe from hacking and at the disposal of its owner has to be stored somewhere, be it a cloud, a server or a personal computer.
Therefore, any person who wishes to own cryptocurrency must have a wallet, or an option in which to properly store the code that give access to an individual’s coins. There are several types of wallets, which vary according to their degree of safety or the systems used to store the data.
Hodly Wallet Review
The Hodly Wallet was launched in anticipation of the IQ Option crypto exchange which will be inaugurated in the first half of 2018. Already available as an app for apple and/or android cellphones, the Hodly Wallet offers several advantages for managing currencies and digital funds.
The Hodly app has a double verification system. Your positions are protected both by your individual password and pin number to ensure no one but you can access the money. Additionally, Hodly is cold storaged: it is encrypted and stored offline to avoid hackers.
Hodly allows you to purchase bitcoins, ethereum and many other coins simply by using your credit card. No need to mine, no need to pay with cryptocurrency, all cryptocurrencies can be bought with a credit card transaction.
Hodly is more than just a wallet. It also feeds the user with relevant and useful data such as trend charts, price ranges, new coins launches and more. Managing your cryptocurrency is now easier than ever.
The Hodly Wallet can be used to store more than ten different cryptocurrencies, including of course all the main coins such as Bitcoin, Ethereum, Litecoin, Zcash, Ripple and more.
In short, this is a very efficient and reliable tool for buying and managing your cryptocurrencies:
A Volatile Market
It is important to remember that cryptocurrencies, although having experienced a huge rise in price in recent years, remain a very volatile investment. Prices of most digital coins have been extremely unstable and there is great controversy among experts as to the real value of each product.
The Hodly Wallet was designed to thoroughly protect your investment from hackers, attacks, viruses and other attempts at accessing funds. In that sense, Hodly can be trusted fully and you can rest assure that it will keep your assets safe.
Yet neither this wallet nor any other can protect you from the volatile nature of the cryptomarkets. You must always remember the risk involved and be careful not to invest sums that you cannot afford to lose due to a sudden drop in price.
The Hodly Wallet and IQ Option
IQ Option is a broker offering online trading platforms for traders from all over the world. In Europe, IQ Option Europe Ltd, regulated and supervised by the CySEC financial authority, provides specific Forex, CFD and Cryptocurrency trading services to all European clients.
Outside the European Union, IQ Option Ltd offers the same level of pristine customer services and trading interface, which includes 24/7 support and multiple assets. There is no regulation available for Forex and CFD beyond Europe.
The Hodly Wallet is the cornerstone for the launching of the cryptocurrency division of IQ Option. This financial conglomerate is expanding its business to become a leading force in the crypto markets. With its experience in delivering top products to serve its huge client base, IQ Option has created Hodly intent on offering the best wallet in this industry.
Hodly Wallet Review – Conclusion
The Hodly Wallet is the perfect solution for management of all cryptocurrency activities. Whether you are looking to hold positions, trade, buy or forward digital coints, Hodly is a fast, safe, encrypted wallet that will securely store your funds offline and out of the reach of hackers and malware.
The fact that you can buy cryptocoins with your bank’s credit or debit card elevates the entire Hodly experience to another dimension. This is a perfect wallet for those who wish to incorporate themselves into the dynamic crypto market without having to go through unnecessary hassle.
With the name and sponsorship of IQ Option giving it further reliability, Hodly is the crypto wallet you need to trade safely online.