Hodl Hodl Solves Barrier to Access for Bitcoin Trading in China

Hodl Hodl, a well known peer-to-peer (P2P) cryptocurrency exchange, has made a way to solve a barrier to access for its bitcoin trading services in China.

In a blog post published on Tuesday, Hodl Hodl clarified that Google’s CAPTCHA service — a framework meant to confirm that a computer user is a human — was blocking Chinese access to its administrations.

“Google services are limited in China, and Google Captcha is no exception, which we use in the registration process,” the post stated. “Previously, customers from China have faced the issue of not being able to complete the registration process, because of the aforementioned limitations.” 

Hodl Hodl utilizes CAPTCHA as part of its client onboarding method, but it states that, with a change of the settings, Chinese clients should now be able to get to Hodl Hodl “without a glitch.”

In the blog post, the exchange also expressed warm welcome to all possible bitcoin traders in China, underscoring competitive advantages such as support for Mandarin Chinese and the ability of the platform to find counterparties for any willing trader.

However, access to local and overseas cryptocurrency exchanges is generally prohibited in China, as are initial coin offerings. Chinese bitcoin traders have had to make do with different options, including utilizing peer-to-peer administrations like Hodl Hodl and LocalBitcoins, as well as over-the-counter trading provided in locally-managed WeChat groups and through the utilization of Virtual Private Networks (VPNs).

A few dealers have even gone as far as getting fake know-your-customer materials to bypass exchanges that ban Chinese nationals.

But, as Hodl Hodl has underscored in its recent blog post, prohibitive internet access in China is another impediment entirely.