How to Use Hodlnaut's Mobile (Android) App?
Earlier in August, Hodlnaut launched its iOS Mobile App catered to iOS users. Now, the Singapore-based crypto lending platform has just revealed its highly anticipated Android mobile application for all Android users!
Why Download the Mobile Application?
Similar to the website, the Hodlnaut Android Mobile App allows users to manage their crypto holdings and access interest statements as well as account holdings at their convenience. The current release supports sign-up, identity verification, deposits, and withdrawal - amongst other features.
Users will now also be able to swap their tokens easily within the app and share their referral links conveniently through messaging and social media apps.
To ensure security and protection for Android users, the app comes equipped with a pin and face identification, similar to the iOS Mobile App.
The Hodlnaut Android App is now available for download on the Google Play Store and enables seamless cryptocurrency transactions.
How to use Hodlnaut’s Android Mobile App?
In this guide, we walk you through the necessary steps to use the new Android mobile application.
Step 1: Head over to the Google Play Store and type in “Hodlnaut”
Download the Hodlnaut Android App via the Google Play Store.
Step 2: Download the app and enter your details to log in or sign up for an account
Once you tap on the app, you will be brought to this interface.
Enter your log-in details if you already have an account. If you are new to the platform, you can sign up using the Android mobile application. Enter your details and ensure that you pass the mandatory Know Your Customer (KYC) procedure. Do note that you will be required to activate your 2FA before depositing your crypto assets into your account.
Do also note that your Hodlnaut account will be automatically logged out after 7 days. This is a safety feature in any unlikely event your phone gets stolen and the thief has access to your passwords and 2FA codes. To log back in, you will need to input your details, as well as the 2FA code, to log back into your account.
Step 3: Click on Wallet on the Account Dashboard
Once logged in, click on Wallet at the bottom left of the dashboard.
This will show you your Total Account Value, which includes the Total Interest Paid, Pending Interest Payout, and the Next Payout Date. You can also choose to view the values in different currencies including BTC, ETH, SGD, USD, EUR, and GPB.
If you are looking to check your balance overview and the total interest earned so far, you can do so here in the Account Dashboard.
Step 4: Click on Any Asset on the Wallet Page
If you wish to deposit or withdraw your crypto assets, click on any of the currencies, which can be found on the Wallet page. For example, if you would like to deposit USDT, click on USDT but if you’re looking to withdraw USDC, tap on USDC.
Step 5: Click on Deposit
Depositing your crypto assets into your Hodlnaut account is simple on the Android App. Tap on the currency you wish to deposit before clicking on the Deposit tab. You will then be redirected to a page as shown above.
To deposit, you can copy the Hodlnaut crypto wallet URL and paste it to the exchange or wallet where you want to send the crypto from. Another method to deposit is by scanning the QR code that contains your address from the exchange or wallet to initiate the transfer.
Step 6: Click on Withdraw
If you are keen on withdrawing through the Android Mobile App, tap on the currency you would like to withdraw. Then, tap on the Withdraw button.
You have the option to enable withdrawals to whitelisted addresses only, as shown in the image above. To withdraw to a whitelisted address, click on the address book icon next to the Recipient’s Name. Next, tap on + New Address. You will then be required to enter the recipient’s name and address and retrieve the code from your authenticator application. Do note that the address will only be enabled after 48 hours.
If you do not have whitelisting enabled, simply key in the Recipient Address directly or add a new address via the icon next to the Recipient’s Name.
Next, key in the recipient’s name and the amount to withdraw.
Hodlnaut also recently launched a new initiative to offer users one free withdrawal per calendar month. You can enable this feature via the Android mobile app. To do so, click on the Withdraw tab. You will notice a checkbox under the Amount field stating “Redeem my free withdrawal now”.
If you are eligible, you will be able to check the checkbox to redeem the free withdrawal. Do note that by default, the checkbox will be unticked so if you would like to enable the feature, be sure to tick it.
If the checkbox is greyed out and disabled, it will mean that you do not meet the requirements to enable the feature. You can also hover over the tooltip as shown in the image above. You will notice that a textbox which states “This feature is available 30 days after your first deposit” will appear.
For more information on the requirements to be eligible for the feature, check out the guide here.
Step 7: Click on Statements on the Account Dashboard
Statements allow you to view your interest statement. To do so, click on Statements at the bottom right of the dashboard and pick the crypto asset to view the interest statement. You can also select the date bracket if you prefer viewing the statement according to the date range.
Step 8: Click on Token Swap
To use the Token Swap function on the Android app, click on the middle button labeled as Token Swap. Once done, you can seamlessly begin to swap your tokens without having to source for an external wrapping merchant.
Hodlnaut has also recently launched a Token Swap Enhancement function that instantly fills the token swap order, as seen in the image above where the checkbox is ticked. This helps to increase the success rate of token swaps amidst market volatility.
Do note that the price when placing an order will be an estimate. The actual price will be reflected once the order is placed and successfully executed.
Step 9: Click on Settings and Navigate to Interest Payout Preference
If you are looking to update the currency in which you earn interest, you can do so through the Preferred Interest Payout feature on the Android mobile app. Head over to Account and tap on Settings before clicking on Interest Payout Preference. You can then choose between the six supported assets (read: BTC, ETH, USDC, USDT, DAI, and WBTC) from the drop-down bar on the right as seen in the image above.
Do note that you will earn interest in-kind if you do not change your Interest Payout Preference. This means that by default, you will only earn interest in the currency you deposited in.
Step 10: Click on “Get 10% Commission and Give Free $20” on the Account Icon
To join Hodlnaut’s Referral Program, click on Account at the bottom right side of the dashboard. You can then tap on “Refer your friends” to retrieve your unique referral link to share with your friends and family. Do note that the bonus payout will be paid in the same asset deposited.
In line with the launch of Hodlnaut’s Android Mobile App, we have launched the Android User Referral Program to allow you to earn upsized bonuses. To find out more, click on our guide here. Through this referral program, you can earn up to 1,100 USDC!
With these simple steps, you can start using the Hodlnaut Android App easily. And if you have yet to download the new Android Mobile App and sign up for an account, you can do it now and earn interest in the cryptocurrency of your choice at your convenience!
Let us know if you have any questions or difficulties when using the app by sending an email to firstname.lastname@example.org and we’ll get back to you as soon as possible.