Security, usability, look & feel - Top site and app found in our Hodlnaut review
To be honest, the Hodlnaut looks and feels like most other crypto investing sites that we’ve seen. It even uses a very familiar white, blue and black color scheme. So while it might not win any prizes for originality, at least the Hodlnaut site is easy on the eye and intuitive to navigate around.
You’ll find all of the expected links for signing up, logging in and there is the option to switch the language. It’s not the most packed website that we’ve come across and there is precious little in terms of educational resources. But on the whole, we appreciated the quick page loading times and everything felt fast and effortless.
As soon as you see that big
crypto lending calculator, you’ll know that Hodlnaut is on a mission to help you get more from your cryptocurrency investments. This is because you can simply type in what crypto you’re interested in, how much you want to deposit, how long you want to store it at Hodlnaut, and then you’ll instantly see how much your crypto can earn you. Just don’t forget to use the cool demo version so that you can quickly understand what Hodlnaut is all about.
While the Hodlnaut website is easy enough to use. Things really get going when you download one of the Hodlnaut mobile apps. These are available for iOS and Android devices and they offer you a very convenient way to manage your digital assets.
How to trade and invest at Hodlnaut
The first thing that you have to do is to create your Hodlnaut account. This just requires you to enter in your personal information like your name, address, date of birth and so on. From here, you’ll have to verify your email address and then complete the KYC procedure. It’ll just take you a handful of minutes to do this, but remember that it might take Hodlnaut anywhere up to five working days to process your application.
Once you have your Hodlnaut account set up you’ll simply be able to make deposits with Bitcoin or seven other featured cryptocurrencies. This can be done all via the Hodlnaut website or through one of the apps. You can do it at any time of day or night and there’s no need for any human assistance.
From here, you can watch the compound interest growing on your asset every day. Next it’s just a matter of deciding when you want to withdraw your funds. But with weekly payouts made direct to your crypto wallet, you’ll probably want to keep your digital assets stored at Hodlnaut a little longer.
Payments - Only cryptos found in our Hodlnaut review
So the great news is that you can start earning interest on your crypto deposits with a deposit as small as just $1 at a time. You should know that Hodlnaut only accepts deposits made with cryptocurrencies, meaning that there is no provision for fiat currencies here.
The full range of cryptocurrencies includes the likes of Bitcoin, Dai, Ethereum, Tether and so on. It’s not the largest number of cryptocurrencies we’ve come across, but there’s enough here for most casual crypto users.
We loved the fact that Hodlnaut lets you make one free crypto withdrawal per month. It might have been nice to have more, but with Hodlnaut paying out interest into your wallet on a monthly basis, it should be enough for most people. Just so you know, your daily withdrawals will be capped at 100 BTC once you’ve passed the KYC procedure. The withdrawal times are about average for crypto investment sites, meaning that it shouldn’t take Hodlnaut much more than 48 hours to process your payout request.
Customer service - Decent customer care discovered in our Hodlnaut review
Want to get some help from Hodlnaut? It’s easy as you just have to tap on that live chat icon in the corner of your screen. This will bring up a window that’ll either let you talk direct to a customer support agent or a bot depending on what time of day it is.
The Hodlnaut customer support office looks like it is open between the hours of 10am and 7pm Singapore-time from Mondays to Fridays. While there isn’t any kind of telephone hotline, there is a dedicated customer support email address and Hodlnaut’s postal address is on the website. You could even try contacting Hodlnaut on its Facebook, Twitter and Instagram channels.
Hodlnaut also features an excellent FAQ section that has a broad range of articles covering topics such as setting up an account, online security, troubleshooting and so on.
Just don’t forget to check out the Hodlnaut blog that’s packed full of insightful articles to help you stay on top of the rapidly evolving crypto scene.
Licensing: Is Hodlnaut Safe and legit?
Hodlnaut is a Singapore-based brand and it is regulated by Singapore law under the Payment Services Act. In addition to this, there is a further level of protection given from the fact that the Monetary Authority of Singapore has granted Hodlnaut a temporary Major Payment Institution License. Plus it’s nice to see that Hodlnaut is even a recognized and certified part of the Singapore Fintech Association. We must remember that Singapore has some of the highest standards when it comes to financial standards and so these trust features should not be underestimated.
Worried about how Hodlnaut looks after your digital assets? Then you’ll be pleased to know that there is a special Nexus Mutual Custody Cover here that ensures an extra level of protection so that your cryptos stay safe in storage and transit.
This custody cover requires an extra premium, but even if you don’t use this service, you’ll find that Hodlnaut’s site offers all of the latest SSL encryption technology to keep your assets secure.
Hodlnaut teamed up with Fireblocks to include the private key security (MPC-CMP) and hardware isolation technology (SGX) to keep your crypto assets safe. Each deposit you make will then be stored in cold wallets for your security. The only downer here is that Hodlnaut isn’t FDIC-insured, but this is pretty common among crypto-only investment platforms.
Reputation and customer feedback – Different kinds of Hodlnaut review
Hodlnaut isn’t just some small-time operator who’s after your money. The fact that it has over 10,000 users is a testament to the quality of service. Plus we should note that with $500 million in held assets, you’ll feel comfortable that Hodlnaut can survive even the most turbulent market conditions.
We took a good look around at some other Hodlnaut reviews and found that most opinions were pretty positive. Thus, we can easily say that Hodlnaut is not a scam. Many people praised Hodlnaut for its safety and its ease of use, and one person even went as far as saying that it was the future of banking.
The only negative opinions we could find about Hodlnaut were focused around the fact that the brand’s interest rates aren’t as good as they once were. But on the whole, it seems that most investors have a decent opinion about Hodlnaut – and for good reason!
