Location is perfect! You can walk about anywhere, or also get around by bus, metro or electrical scooters/bicycles. The bar is also incredible! It was, by our experience, the cheapest one around. We did only by shots, though, so we have no comment on the rest of the beverages. The hostel is also equipped with lockers if you arrive prior to check-in, or after check-out. This was not too expensive.
The only negative aspects were that we expected a bigger room (due to pictures). The keycards also didn’t always work properly, but this was easy to fix when asking in the lobby/bar. We did also not expect there to be shared showers and toilets, but this was not a massive issue to us. Additionally, check-out is at 10 in the morning, which we found to be a little early. Also, i do not know if this hostel is very convenient for wheelchair users either.
Taking all into consideration, Copenhagen Downtown Hostel is definitely worth the money traveling as youth. If you and your friends are looking for a short visit in Copenhagen, this will do the job just fine! We were three 18year olds who stayed for 3 nights. We would live here again, but would not recommend staying here if you are traveling as a family.