HodlHodl is a KYC service; they collect your location, your IP address, and all your browser metadata, and store this information for the number of years required by law. In the event of a dispute, they can freeze your funds and ask you for your ID; they may also suspect you of money laundering or fraud and freeze your funds. Non-KYC services include Robosats and Bisq. There is nothing in the world that pisses me off more than lies.

Replies (6)

How would they ask for ID or freeze funds? My understanding is that this is not possible
They can block the funds indefinitely in a dispute over the multisignature. Imagine that they consider those bitcoins to come from terrorism, or money laundering—they could block them forever. image