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Top 10
5,0%
Top 20
1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
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Hoo Exchange (hoo.com) Review 2024
Minimum
deposit:
deposit:
- $1
Trading platform:
- TradingView
Minimum
deposit:
deposit:
- $1
Trading platform:
- TradingView
Trading features:
- All popular cryptocurrencies and coins, three fiat currencies, investing in blockchain projects, a 2-tier referral program with points, and crypto mining service
Summary of Hoo Crypto Exchange
Hoo is a high-risk cryptocurrency exchange with the TU Overall Score of 1.61 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Hoo clients on our website, Traders Union expert Anton Kharitonov does not recommend working with this broker, as, according to reviews, most clients are not satisfied with the broker. Hoo ranks 187 among 173 companies featured in the TU Rating, which is based on the evaluation of 100+ criteria.
Hoo cryptocurrency exchange is suitable for active trading and investing. The company brings a typical TradingView web terminal with a lightning-quick processing speed and an application for mobile trading to the table. Moreover, the fees are below average for the segment, and there are crypto-crypto and crypto-fiat pairs with the most popular assets. In addition to the standard terminal, a simplified version and service for direct P2P exchange are provided. Although there is no license data, the exchange has been operating steadily since 2017.
NOTE!
If you are planning to trade cryptocurrencies, and not just keep your savings in crypto wallets, we recommend that you choose one of the top brokers with reliable regulation and access to trading crypto CFDs. This type of trading will help you avoid holding your cryptocurrency in e-wallets of exchanges, which quite regularly get hacked. Also, availability of leverage will allow you to trade crypto CFDs for amounts much higher than your deposit.
Traders Union experts recommend considering Top 3 companies from our rating:
Editorial Note: We are unable to verify the validity of reviews and publish all reviews, both positive and negative,
in accordance with the
Users Reviews Policy.
The Hoo exchange is a platform for exchanging and trading cryptocurrencies and tokens. Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, Tether, and others are among the renowned cryptocurrencies traded on the platform. The US dollar, Chinese yuan, and South Korean won are among the fiat currencies. In addition to spot trading, simplified trading and an OTC exchanger are offered. The use of PoSA (electronic point-of-sale) technology on the servers guarantees the speed of all operations within three seconds. The platform provides users with a free multi-currency wallet, and various deposit/withdrawal methods, including other cryptocurrency wallets and bank transfers. Investing in blockchain projects is also available. The company offers services for the sale and maintenance of mining equipment from the world's leading brands.
| 💰 Account currency: | Cryptos, currencies |
|---|---|
| 🚀 Minimum deposit: | $1 |
| ⚖️ Leverage: | 1:1 |
| 💱 Spread: | Market |
| 🔧 Instruments: | Cryptocurrencies, US dollar, Chinese yuan, South Korean won |
| 💹 Margin Call / Stop Out: | No |
👍 Advantages of trading with Hoo:
- all popular cryptocurrencies and tokens are traded on the exchange;
- the pool of coins is constantly replenished (there is a voting service);
- three fiat currencies are presented — namely, dollar, yuan, and won;
- user-friendly and convenient trading terminal for the web;
- mobile application with an intuitive interface;
- lightning-fast speeds for trading operations;
- users have a free-of-charge multicurrency wallet;
- the opportunity to invest in blockchain projects;
- purchase, sale, and repair of mining equipment;
- low fees up to 0.2/0.2% for the taker/maker.
👎 Disadvantages of Hoo:
- no direct communication with managers (only tickets);
- website and web terminal crashes were recorded;
- no data about license and registration.
Evaluation of the most influential parameters of Hoo
Trade with this broker, if:
- You seek a wide range of available cryptocurrencies for trading. Hoo supports over 1,000 cryptocurrencies, offering one of the largest selections in the market. Whether you're interested in major coins or lesser-known tokens, Hoo provides a diverse range of options to cater to various investment preferences.
- You prefer an advanced trading platform. Hoo offers a TradingView web terminal with lightning-quick processing speed, providing traders with powerful charting tools and technical analysis capabilities. Additionally, the availability of a mobile trading application ensures on-the-go access to the platform, allowing users to manage their portfolios anytime, anywhere.
Do not trade with this broker, if:
- You value personalized support and direct communication channels for issue resolution. You may find this aspect lacking on the Hoo platform.
- You prioritize transparency and regulatory compliance. While Hoo has been operational, there is no publicly available license data, which may raise concerns regarding the exchange's reliability and regulatory status.
Geographic Distribution of Hoo Traders
Popularity in
13.6%
VE
9.5%
AR
9.5%
US
8.3%
IN
8.2%
JP
7.8%
MX
7.6%
PE
6.6%
RU
6.5%
MM
42.4%
Others
User Satisfaction i
56 comments
Total score:
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Expert Review of Hoo
The Hoo cryptocurrency exchange is a standard platform for buying, selling, and exchanging cryptocurrencies, coins, and fiat funds. There are several dozen cryptocurrencies and tokens, including Bitcoin and the most popular altcoins. Fiats include the US dollar, the South Korean won, and the Chinese yuan. The Singapore Exchange initially focused on the Asian market but is gradually gaining popularity in other regions of the planet.
In addition to a large number of assets, the list of the main advantages of the exchange includes the high speed of its terminal and compliance with modern safety standards. But at the same time, during testing, several non-critical failures occurred in the operation of the web terminal. No screw-ups in the mobile application were recorded.
Hoo’s trading commissions are below the market average and can be reduced by bonuses in the form of rebates from Traders Union and increased trading volumes. The referral program at the exchange is non-standard. In addition to payments from referral fees, it helps to reduce the amount of fees. There is also an investment solution that comprises the typical staking with contributions to blockchain projects. In addition, the site provides many other functions, including OTC trading and mining.
Of the minuses — the lack of a call center, technical support can be contacted only through the website and bots in Telegram; and email is available only for partnership issues. Of the European languages, the platform is localized only into English. There are no demo accounts or tutorials.
Dynamics of Hoo’s popularity among
Traders Union’s traders, according to 2023 data
Investment Programs, Available Markets, and Products of the Crypto Exchange
The Hoo crypto exchange offers staking as an investment program. The company enters into contracts with developing blockchain projects that require borrowed funds for development. Site users can deposit cryptocurrency, which provides exchange partners with the required finances. In return, partners pay investors interest on the amount of the deposit.
To take part in current programs, you need to go to the appropriate section of the site. Programs differ in asset, minimum deposit, interest rate, and period. Please note that for some of them you cannot withdraw a deposit at any time, it is blocked for the specified period.
As an additional investment solution, it is worth considering the Hoo Smart Chain service. It is a remote mining platform. Now it is working in test mode, but every user registered on the exchange can already mine through it. All conditions are indicated in the corresponding section of the site.
Important!
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Hoo’s affiliate program
The Hoo crypto exchange offers a non-standard referral program. To participate in the program, use the individual affiliate link that is available in your personal account. You can post it on any site.
Each user who comes through your affiliate link and is registered and verified on the exchange will become your first-level partner. Your second-level partner will be every user who is invited to the exchange by your first-level partner. The number of partners is not limited. You can get the following bonuses for partners:
50 points for registration/verification of a first-level partner (the partner also receives 50 points);
from 3% from all fees of a first-level partner for trading operations;
from 2% from all fees of a second-level partner for trading operations.
Payouts increase as your trading level rises. In addition to payments, you get points. Points increase your trading level. The higher the trading level, the lower the platform commission for you. You also get points for active trading.
Trading Conditions for Hoo Users
Hoo does not create artificial restrictions for users. In particular, there is no minimum deposit. You don't need to deposit a specific amount to start trading. You determine how much money to deposit for trading. The site does not provide leverage on any of its services. Technical support is available around the clock, but only through the ticket system (button in the footer of the site "Submit A Request"). You can send requests for partnership by email; managers do not respond to other messages. Communication via Telegram and official accounts of the exchange on social networks is also possible.
$1
Minimum
deposit
1:1
Leverage
24/7
Support
| 💻 Trading platform: | Proprietary TradingView terminal |
|---|---|
| 📊 Accounts: | Standard |
| 💰 Account currency: | Cryptos, currencies |
| 💵 Replenishment / Withdrawal: | Bank cards and accounts, crypto and e-wallets |
| 🚀 Minimum deposit: | $1 |
| ⚖️ Leverage: | 1:1 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | From 0 |
| 💱 Spread: | Market |
| 🔧 Instruments: | Cryptocurrencies, US dollar, Chinese yuan, South Korean won |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | Not indicated |
| ⭐ Trading features: | All popular cryptocurrencies and coins, three fiat currencies, investing in blockchain projects, a 2-tier referral program with points, and crypto mining service |
| 🎁 Contests and bonuses: | Not indicated |
Broker comparison table of trading instruments
| Hoo | Bybit | OKX | XT.com | Coinbase | Crypto.com | |
| Forex | No | No | No | No | No | No |
| Metalls | No | No | No | No | No | No |
| Crypto | Yes | Yes | Yes | Yes | Yes | Yes |
| CFD | No | No | No | No | No | No |
| Indexes | No | No | No | No | No | No |
| Stock | No | No | No | No | No | No |
| ETF | No | No | No | No | No | No |
| Options | No | No | No | No | No | No |
Hoo Commissions & Fees
Information
Hoo’s trading fees are not fixed — they differ for taker and maker. They also differ depending on the trading level. There are seven trading levels:
-
zero (up to 10 points) — 0.2/0.2% for a taker/maker;
-
the first level (up to 100 points) — 0.16/0.16% for the taker/maker;
-
the second level (up to 1,000 points) — 0.14/0.14% for the taker/maker;
-
the third level (up to 10,000 points) — 0.12/0.10% for the taker/maker;
-
the fourth level (up to 100,000 points) — 0.10/0.05% for the taker/maker;
-
the fifth level (up to 2,000,000 points) — 0.05/0.0% for the taker/maker;
-
sixth level (more than 2,000,000 points)‚— 0.02/0.0% for a taker/maker.
Points are awarded for trade, exchange, and referral activity. And they are counted for the last 30 days. When you get a new trading level, at the next assessment, points for the next 30 days will be added to the existing points. From the fifth level, points are assessed every 60 days.
| Account type | Spread (minimum value) | Withdrawal commission |
| Standard | Per 0.2% per order | Yes |
The exchange charges withdrawal fees. Their value depends on the asset, volume, and withdrawal channel. You can find out the exact data in the multi-wallet menu. The table below provides information on commissions for several sites:
| Broker | Average commission | Level |
| Hoo | $0.2 | Medium |
| Bybit | $20 | High |
| Bitfinex | $0.1 | Low |
Contacts
| Foundation date | 2018 |
| Registration address | Shangwan, Beijing, China |
| Official site | https://hoo.com/ |
| Contacts |
Email:
support@hoo.com,
|
Disclaimer:
Your capital is at risk. Your capital is at risk. Cryptocurrency trading can be extremely risky. Cryptocurrency trading can lead to large and immediate financial losses. The volatility and unpredictability of the price of cryptocurrency relative to fiat currency may result in significant loss over a short period of time. Transactions in cryptocurrency may be irreversible, and, accordingly, losses due to fraudulent or accidental transactions may not be recoverable. The nature of cryptocurrency may lead to an increased risk of fraud or cyber attack.
Read also about other cryptocurrency exchanges:
Find out how Hoo stacks up against other brokers.
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FAQs
Do reviews by traders influence the Hoo rating?
Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about Hoo you need to go to the broker's profile.
How to leave a review about Hoo on the Traders Union website?
To leave a review about Hoo, register on the Traders Union website or you can also leave a review through Facebook.
Is it possible to leave a comment about Hoo on a non-Traders Union client?
Anyone can leave feedback about Hoo on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.
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