Hoo vs Bitcoiva: Fees, Coins, Safety Comparison
| Feature | Hoo | Bitcoiva |
|---|---|---|
Overall |
3.1 |
2.4 |
1 |
1 |
|
4.1 |
2.7 |
|
4.4 |
3.0 |
|
Investment Instruments |
3.8 |
1.8 |
Platforms and Charting Tools |
3.6 |
2.4 |
Deposit and Withdrawal |
2.8 |
2.9 |
Research |
2.1 |
2.7 |
Education |
3.7 |
2.3 |
Support |
3.3 |
2.4 |
Bonuses |
2.2 |
2.4 |
Hoo vs Bitcoiva: Pros and Cons
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 Bitcoiva exchange is a platform for spot trading with cryptocurrency-to-cryptocurrency and cryptocurrency-to-fiat pairs. There is also an integrated direct purchase service of cryptocurrency for fiats as well as a quick assets exchange service on the platform. Bitcoin (₿), Litecoin (Ł), Ethereum (Ξ), Tether (₮), Bitcoin Cash, and other popular cryptocurrencies and coins are traded on the exchange. Only Indian rupees (INR) are represented in the range of fiats. The exchange has a single-tier referral program with bonus payments to the client and the invitee. There is no investment program yet, but Bitcoiva plans to launch a staking program soon. Trade commissions are fixed and don’t depend on the trade volumes but are distinguished by assets. Commissions are 0.25% on average for maker and taker.
| Hoo | Bitcoiva | |
|---|---|---|
| Overall Pros | all popular cryptocurrencies and tokens are traded on the exchange; | you can trade all the most popular cryptocurrencies and coins on the exchange; |
| the pool of coins is constantly replenished (there is a voting service); | there are no restrictions on trading strategies or significant limits; | |
| three fiat currencies are presented — namely, dollar, yuan, and won; | no deposit fees; trading commissions are on market average; | |
| user-friendly and convenient trading terminal for the web; | a profitable referral program with beneficial bonuses; | |
| mobile application with an intuitive interface; | high level of protection for users’ funds; | |
| the opportunity to invest in blockchain projects; | simple and convenient trading terminal interface in browser; | |
| purchase, sale, and repair of mining equipment; | the exchange offers mobile trading on iOS and Android; | |
| low fees up to 0.2/0.2% for the taker/maker. | in addition to spot trading, there is instant exchange and purchase; | |
| a wide selection of deposit and withdrawal methods; | ||
| Overall Cons | no direct communication with managers (only tickets); | only Indian rupees are represented as fiat. |
| website and web terminal crashes were recorded; | no demo accounts for training; | |
| no data about license and registration. | the exchange is young, there are no detailed statistics. |
Hoo vs Bitcoiva: Safety and Regulation
| Regulated By: | Hoo | Bitcoiva |
|---|---|---|
SEC |
No |
No |
FINRA |
No |
No |
SIPC Protection |
No |
No |
Other Regulators |
No |
No |
Hoo vs Bitcoiva: Trading Conditions
| Trading Conditions | Hoo | Bitcoiva |
|---|---|---|
Minimum Deposit |
$1 |
0.0001 BTC |
Trading Platforms |
Proprietary TradingView terminal |
TradingView |
Max Leverage (Futures) |
1:1 |
44562 |
Number of Markets |
850+ |
328+ |
Trading Accounts |
1 |
1 |
Base Account Currencies |
Cryptos, currencies |
Cryptocurrencies, INR |
Hoo vs Bitcoiva: Fees
Trading Fees
| Fee | Hoo | Bitcoiva |
|---|---|---|
Max Maker |
0.2% |
0 |
Max Taker |
0.2% |
0 |
Min Maker |
0 |
0 |
Min Taker |
0.05% |
0 |
Debit/Credit Card Purchase Fee |
Not supported |
0 |
Futures Trading fees
| Fee | Hoo | Bitcoiva |
|---|---|---|
Max Maker |
0.2% |
Not supported |
Max Taker |
0.2% |
Not supported |
Min Maker |
0.1% |
Not supported |
Min Taker |
0.1% |
Not supported |
Non-Trading Fees
| Fee | Hoo | Bitcoiva |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
No |
Bank Transfer Withdrawal Fee |
Not supported |
Not supported |
Debit/Credit Card Withdrawal Fee |
Not supported |
Not supported |
BTC Withdrawal Fee |
0.000047 BTC |
0.0007 BTC |
Inactivity Fee |
No |
No |
Hoo vs Bitcoiva: Trading Assets
| Asset Name | Hoo | Bitcoiva |
|---|---|---|
Overall |
850+ |
328+ |
Bitcoin (BTC) |
Yes |
Yes |
Litecoin (LTC) |
Yes |
Yes |
Dogecoin (DOGE) |
Yes |
Yes |
Binance Coin (BNB) |
Yes |
Yes |
Uniswap (UNI) |
Yes |
Yes |
Ripple (XRP) |
Yes |
Yes |
Polkadot (DOT) |
Yes |
Yes |
Cardano (ADA) |
Yes |
Yes |
Stellar (XLM) |
Yes |
Yes |
IOTA (MIOTA) |
Yes |
Yes |
Tron (TRX) |
Yes |
Yes |
Derivatives (Futures) |
Yes |
No |
NFT |
No |
No |
Crypto ETF |
No |
No |
Hoo or Bitcoiva: Investment Programs
| Asset Name | Hoo | Bitcoiva |
|---|---|---|
Staking |
Yes |
Yes |
Mining pool |
Yes |
No |
Managed Accounts |
No |
No |
MAM/PAMM |
No |
No |
Other |
Liquidity Mining |
No |
Trading Platforms: Bitcoiva or Hoo
| Hoo | Bitcoiva | |
|---|---|---|
Web |
Yes |
Yes |
Desktop |
Yes |
No |
Mobile (Android, iOS) |
Yes |
Yes |
Trading Platforms Features: Bitcoiva or Hoo
| Hoo | Bitcoiva | |
|---|---|---|
SMS Based 2 FA |
No |
No |
App Based 2 FA |
Yes |
Yes |
Voice Call 2 FA |
No |
No |
Search Bar |
Yes |
Yes |
Filters |
Yes |
Yes |
Technical Analysis: Bitcoiva or Hoo
| Hoo | Bitcoiva | |
|---|---|---|
Indicators |
No |
Yes |
Drawing tools |
No |
Yes |
Historical Trades |
Yes |
Yes |
Live 2 Quotes |
No |
Yes |
Mobile trading: Bitcoiva or Hoo
| Hoo | Bitcoiva | |
|---|---|---|
iOS Version |
Yes |
Yes |
Android Version |
Yes |
Yes |
Apple Watch App |
No |
No |
Touch ID |
No |
No |
Face ID |
No |
No |
Types of orders: Bitcoiva or Hoo
| Hoo | Bitcoiva | |
|---|---|---|
Market |
Yes |
Yes |
Limit |
Yes |
Yes |
Stop Loss |
No |
No |
Stop Limit |
No |
No |
Trailing Stop |
No |
No |
Hoo vs Bitcoiva: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | Hoo | Bitcoiva |
|---|---|---|
Bank Transfer |
Yes (Only deposit) |
Yes (Only Deposit) |
Credit/Debit Card |
No |
Yes (Only deposit) |
Electronic Wallets |
No |
No |
Crypto |
Yes |
Yes |
Hoo vs Bitcoiva: Research
| Research Type | Hoo | Bitcoiva |
|---|---|---|
News Feed |
No |
No |
Fundamental Data |
No |
No |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
No |
No |
E-Mail Reports |
No |
No |
Hoo vs Bitcoiva: Education
| Education Type | Hoo | Bitcoiva |
|---|---|---|
Demo-account/Paper Trading |
Yes |
No |
Courses |
No |
No |
Articles |
Yes |
Yes |
Videos |
Yes |
No |
Webinars |
No |
No |
Bitcoiva vs Hoo: Support
| Support Features | Hoo | Bitcoiva |
|---|---|---|
Working Days |
24/7 |
24/7 |
Yes |
Yes |
|
Phone |
No |
No |
Online chat |
Yes |
No |
Other |
No |
No |
Hoo vs Bitcoiva: Crypto Bonuses and Promo
| Promo | Hoo | Bitcoiva |
|---|---|---|
Crypto Bonus |
No |
No |
Affiliate Program |
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. |
VIP1 – payments 50%, the requirement is to trade volume from ₿100 in 30 days, VIP2 – payments 60%, the requirement is to trade volume from ₿300 in 30 days, VIP3 – payments 70%, the requirement is to trade volume from ₿500 in 30 days, VIP4 – payments 100%, the requirement is to trade volume from ₿1000 in 30 days. |
Top 5 Reviews on Bitcoiva
-
Comment
I worked with Bitcoiva for several years, at first there were no problems or disputes, I just traded and withdrew profits. But one day I couldn't get into my account. And he couldn't prove anything. Here is my story...
-
Comment
Terrible company. Do not try to work with Bitcoiva. Funds are not withdrawn. If you are in profit, then the withdrawal request may hang for a week. In support, you ask about the application, but they don’t even want to figure it out, they are not interested in either the account number or the date the application was sent. They say wait...
-
Comment
Recently, I have been paying more attention to companies from the Asian region, as the cryptocurrency market is developing more actively there, and profitable offers appear more often. I have been working on the Bitcoiva exchange for the third month. This is an Indian company that has recently entered the digital market but is already competing with top crypto exchanges. I especially like the wide range of tokens because you can trade contracts paired with cryptocurrencies and fiat currencies. It's bad that fiat pairs are only based on the Indian rupee. I withdraw money to a crypto wallet. There are no problems with payments, which is very important.
-
Comment
I never stay long on one crypto exchange. The conditions are similar almost everywhere, so I prefer to choose from those that provide safe trading. I benefit from changing companies because from time to time tempting offers frequently appear elsewhere. At Bitcoiva, for me, it was its exchange token, which was advertised in such a way that trading volumes for it began to grow right before my eyes. I think that Bitcoiva is of particular interest for long-term investments since now it can be bought at a price slightly above 30 USD.
-
Comment
Bitcoiva has everything you need to profitably trade cryptocurrencies. I am satisfied with its low brokerage commissions, the size of which is the same for everyone. Many consider it unfair when there are no discounts on maker fees, but I, on the contrary, like it. Where there is separation, the taker commission is usually high, and I am more likely to act as a buyer, therefore, this will be a minus for me. I think that one more drawback is that unregistered users cannot communicate with the support service. There were questions about trading conditions, and to get answers, I had to create an account. It’s good that everything suited me, and I didn’t waste my time in vain.
Top 5 Reviews on Hoo
-
Comment
Hoo has good support for fiat currencies. In addition to USD and EUR, there are currencies such as KZT, UAH, PLN, and many others. You can withdraw cryptocurrency both to blockchain wallets and through the P2P service to bank cards. In general, there are enough services on Hoo. Disadvantages are the necessary verification, which may cause problems and very poor technical support.
-
Comment
I will tell you how I was deceived on the exchange hoo.com. Around November 2022, the exchange stopped working. There were no notifications from the exchange administration, I just had difficulty accessing my account on the platform. In my personal account, I received a message stating that until July 2023, it would be possible to withdraw money from hoo.com. But after submitting the application, there were no further actions. Five months later, I couldn't even log into my account. And now the hoo.com website doesn't work at all. There are over 10,000 USDT left on the exchange.
-
Comment
I don't know why I decided to try this Hoo exchange. They deducted money from my card, but nothing was credited to the exchange balance. Although I bought cryptocurrency using the details specified in my account. I contacted the Hoo exchange support several times for assistance, but they never refunded me either to the card or the balance.
-
Comment
The hoo.com exchange is engaged in deception. I have been unable to withdraw 8 ETH for more than two weeks. Initially, the exchange forced me to undergo KYC verification for the second time. Now they have informed me that due to a high volume of requests, my withdrawal request is in a queue. Typically, ETH withdrawals are processed on other platforms within a couple of hours. However, at the hoo.com exchange, it has been more than two weeks. I do not recommend partnering with this exchange.
-
Comment
When you withdraw dollars to your bank card, Hoo exchange withholds a large fee. Overall, fees are withheld for everything here, not only for executing trades. There are fees even for internal transfers, although there are no such fees on other exchanges. Withdrawals to cards from Hoo exchange take a week; I have never made withdrawals to a crypto wallet.
FAQs
What should I start Crypto trading with?
For starters, you need to learn what crypto trading is, understand what cryptocurrency is and the risks and opportunities cryptocurrency trading has. It is also important to learn the existing strategies. The second step is to choose the best crypto exchange with good trading conditions. A demo account that you can use to gain valuable experience risk free is an important advantage of an exchange.
What amount should I start trading with?
It is recommended to start trading cryptocurrencies with a small amount. That way, if you partially lose it, it won’t pose a serious financial problem for you. This is because cryptocurrencies are highly volatile, which carries certain risks for novice traders. The majority of cryptocurrency exchanges allow traders to start from a small amount – from $1 to $50 or its cryptocurrency equivalent.
What should I take into consideration when choosing a crypto exchange?
The first thing experts recommend looking at when considering crypto exchanges is their reliability. Other important features include basic trading conditions, commissions and fees, customer reviews. If crypto exchanges are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One crypto exchange may be good for professionals and another – for novice traders.
Can a cryptocurrency exchange turn out to be a scam?
Unfortunately, this does happen. Therefore, it is better to choose cryptocurrency exchanges that have been operating in the market for at least several years and have a stable reputation. Regulation of an exchange in one of the countries with high legal culture is also an advantage.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.