Verdict
Higher trust score: Mullvad
Based on our trust scoring, Mullvad comes out ahead of Hodl Hodl (9.4 vs 8.9). The gap reflects differences in KYC stance, custody model and operational track record.
Note: Scores are our independent assessment. Both services have valid use cases — read each detail page before deciding.
Score breakdown
Overall /10
Mullvad
9.4
Good
Hodl Hodl
8.9
Good
Privacy /100
Mullvad
100
Good
Hodl Hodl
100
Good
Trust /100
Mullvad
96
Good
Hodl Hodl
88
Good
Side by side
KYC level
L1Anonymous
L1Anonymous
Tagline
Swedish VPN with a 16-digit anonymous account number — no email, no personal data — accepting Monero, Bitcoin, Lightning and cash by mail, with a 2023 police raid that produced zero customer data.
Non-custodial P2P Bitcoin marketplace with 2-of-3 multisig escrow, running since 2016 — 100+ fiat currencies, 300+ payment methods, 0.5-0.6% fees. Email required but no ID; US not served.
Jurisdiction
Sweden
United Kingdom (Hodlex Ltd)
Founded
2009
2016
Tor / .onion
Available
No
Categories
VPN, Privacy
Exchange, P2P
Feature comparison 13
Mullvad
Hodl Hodl
Bitcoin (BTC)
Accepts Monero (XMR)
—
Cash
Non-custodial
Open source
Tor (.onion) available
—
Lightning Network
—
Peer-to-peer
—
Accepts fiat
—
Mobile app
—
Web app
—
Available worldwide
Requires email
—
Read the full reviews
The side-by-side covers the headlines — the detail pages walk through every claim and citation.