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QUICK ANSWER
"Hola" is a form of "hola", an interjection which is often translated as "hello". "Estoy bien" is a form of "estoy bien", a phrase which is often translated as "I am well". Learn more about the difference between "hola" and "estoy bien" below.
hola
An interjection is a short utterance that expresses emotion, hesitation, or protest (e.g., Wow!).
interjection
a. hello
¡Hola, Meg! - Hola, ¿cómo estás?Hello, Meg! - Hello, how are you?
b. hi
A word or phrase that is commonly used in conversational speech (e.g., skinny, grandma).
(colloquial)
¡Hola! ¿Qué hay de nuevo?Hi! What's new?
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estoy bien(
ehs
-
toy
 
byehn
)
A phrase is a group of words commonly used together (e.g., once upon a time).
phrase
a. I am well
¿Cómo estás? - Estoy bien, gracias.How are you? - I am well, thank you.
b. I am fine
¡Tanto tiempo! ¿Cómo has estado? - Estoy bien, un poco cansado.It's been so long! How have you been? - I am fine, a little tired.
c. I'm well
¿Cómo te sientes esta mañana? - Estoy bien; ya no me duele la cabeza.How are you feeling this morning? - I'm well; my headache's gone.
d. I'm fine
¿Quieres tomar algo? - No, gracias, estoy bien.Would you like something to drink? - No, thanks, I'm fine.
e. I'm good
A word or phrase that is commonly used in conversational speech (e.g., skinny, grandma).
(colloquial)
¡Hola, Quique! ¿Cómo andas? - Estoy bien.Hi, Quique! How are you? - I'm good.
f. I'm OK
¿Necesitas algo? - Nada, gracias. Estoy bien.Is there anything you need? - Nothing, thanks. I'm OK.
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