Hoo vs BW.com: Fees, Coins, Safety Comparison
Feature | Hoo | BW.com |
---|---|---|
Overall |
3.1 |
2.8 |
1 |
1 |
|
4.1 |
3.6 |
|
4.4 |
3.7 |
|
Investment Instruments |
3.8 |
2.7 |
Platforms and Charting Tools |
3.6 |
3.9 |
Deposit and Withdrawal |
2.8 |
3.5 |
Research |
2.1 |
3.6 |
Education |
3.7 |
2.4 |
Support |
3.3 |
2.6 |
Bonuses |
2.2 |
1 |
Hoo vs BW.com: 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 BW.com cryptocurrency exchange offers spot and derivatives trading with up to x100 leverage. The most popular cryptocurrencies and tokens are traded on the exchange, including Bitcoin, Ethereum, Litecoin, Tether, Qtum, DOGE, HENA, and others. And also there are three fiats: the US dollar, the Chinese yuan, and the South Korean won. There are built-in solutions for diversifying risks in margin trading. The exchange has its own tutorial for novice traders with a quick start and a simplified terminal for trading. Of the passive earning options, classic staking is presented for up to 180 days with a yield of up to 50%. For margin trading, commissions are fixed for the taker/maker at 0.2%. Perpetual contract fees are contract-specific.
Hoo | BW.com | |
---|---|---|
Overall Pros | all popular cryptocurrencies and tokens are traded on the exchange; | all major cryptocurrencies and three fiats, including the US dollar, Chinese yuan, and South Korean won; |
the pool of coins is constantly replenished (there is a voting service); | margin trading and derivatives trading with the ability to reduce risks and high leverage (up to x100); | |
three fiat currencies are presented — namely, dollar, yuan, and won; | a simple tutorial for novice crypto traders and a simplified spot trading service; | |
user-friendly and convenient trading terminal for the web; | many staking programs for passive earnings, for different periods, with a high-interest rate; | |
mobile application with an intuitive interface; | low fixed swap fees; | |
the opportunity to invest in blockchain projects; | perpetual contract fees are average for the segment; | |
purchase, sale, and repair of mining equipment; | all major options for depositing and withdrawing fiat funds and electronic money, including third-party wallets, Visa, and MC cards. | |
low fees up to 0.2/0.2% for the taker/maker. | ||
Overall Cons | no direct communication with managers (only tickets); | no demo accounts; |
website and web terminal crashes were recorded; | no connection with technical support by phone. | |
no data about license and registration. |
Hoo vs BW.com: Safety and Regulation
Regulated By: | Hoo | BW.com |
---|---|---|
SEC |
No |
No |
FINRA |
No |
No |
SIPC Protection |
No |
No |
Other Regulators |
No |
No |
Hoo vs BW.com: Trading Conditions
Trading Conditions | Hoo | BW.com |
---|---|---|
Minimum Deposit |
$1 |
$1 |
Trading Platforms |
Proprietary TradingView terminal |
TradingView |
Max Leverage (Futures) |
1:1 |
1-100 |
Number of Markets |
850+ |
346+ |
Trading Accounts |
1 |
1 |
Base Account Currencies |
Cryptos, currencies |
Cryptocurrencies, USD, CNY, KRW |
Hoo vs BW.com: Fees
Trading Fees
Fee | Hoo | BW.com |
---|---|---|
Max Maker |
0.2% |
0.20% |
Max Taker |
0.2% |
0.20% |
Min Maker |
0 |
0.20% |
Min Taker |
0.05% |
0.20% |
Debit/Credit Card Purchase Fee |
Not supported |
0 |
Futures Trading fees
Fee | Hoo | BW.com |
---|---|---|
Max Maker |
0.2% |
0.025% |
Max Taker |
0.2% |
0.075% |
Min Maker |
0.1% |
0.025% |
Min Taker |
0.1% |
0.075% |
Non-Trading Fees
Fee | Hoo | BW.com |
---|---|---|
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 |
0,0005 BTC |
Inactivity Fee |
No |
No |
Hoo vs BW.com: Trading Assets
Asset Name | Hoo | BW.com |
---|---|---|
Overall |
850+ |
346+ |
Bitcoin (BTC) |
Yes |
Yes |
Litecoin (LTC) |
Yes |
Yes |
Dogecoin (DOGE) |
Yes |
Yes |
Binance Coin (BNB) |
Yes |
No |
Uniswap (UNI) |
Yes |
No |
Ripple (XRP) |
Yes |
Yes |
Polkadot (DOT) |
Yes |
No |
Cardano (ADA) |
Yes |
Yes |
Stellar (XLM) |
Yes |
No |
IOTA (MIOTA) |
Yes |
No |
Tron (TRX) |
Yes |
Yes |
Derivatives (Futures) |
Yes |
Yes |
NFT |
No |
No |
Crypto ETF |
No |
No |
Hoo or BW.com: Investment Programs
Asset Name | Hoo | BW.com |
---|---|---|
Staking |
Yes |
Yes |
Mining pool |
Yes |
No |
Managed Accounts |
No |
No |
MAM/PAMM |
No |
No |
Other |
Liquidity Mining |
No |
Trading Platforms: BW.com or Hoo
Hoo | BW.com | |
---|---|---|
Web |
Yes |
Yes |
Desktop |
Yes |
No |
Mobile (Android, iOS) |
Yes |
Yes |
Trading Platforms Features: BW.com or Hoo
Hoo | BW.com | |
---|---|---|
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: BW.com or Hoo
Hoo | BW.com | |
---|---|---|
Indicators |
No |
Yes |
Drawing tools |
No |
Yes |
Historical Trades |
Yes |
Yes |
Live 2 Quotes |
No |
Yes |
Mobile trading: BW.com or Hoo
Hoo | BW.com | |
---|---|---|
iOS Version |
Yes |
Yes |
Android Version |
Yes |
Yes |
Apple Watch App |
No |
No |
Touch ID |
No |
No |
Face ID |
No |
No |
Types of orders: BW.com or Hoo
Hoo | BW.com | |
---|---|---|
Market |
Yes |
No |
Limit |
Yes |
Yes |
Stop Loss |
No |
No |
Stop Limit |
No |
Yes |
Trailing Stop |
No |
No |
Hoo vs BW.com: Deposit and Withdrawal Methods
Deposit and Withdrawal Method | Hoo | BW.com |
---|---|---|
Bank Transfer |
Yes (Only deposit) |
No |
Credit/Debit Card |
No |
Yes (Only deposit) |
Electronic Wallets |
No |
No |
Crypto |
Yes |
Yes |
Hoo vs BW.com: Research
Research Type | Hoo | BW.com |
---|---|---|
News Feed |
No |
No |
Fundamental Data |
No |
No |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
No |
Yes |
E-Mail Reports |
No |
No |
Hoo vs BW.com: Education
Education Type | Hoo | BW.com |
---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Courses |
No |
No |
Articles |
Yes |
No |
Videos |
Yes |
No |
Webinars |
No |
No |
BW.com vs Hoo: Support
Support Features | Hoo | BW.com |
---|---|---|
Working Days |
24/7 |
24/7 |
Yes |
Yes |
|
Phone |
No |
No |
Online chat |
Yes |
No |
Other |
No |
No |
Hoo vs BW.com: Crypto Bonuses and Promo
Promo | Hoo | BW.com |
---|---|---|
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. |
No |
Top 5 Reviews on BW.com
-
Comment
BW.com stole 2000 bucks from me. They blocked my trading account when I wanted to withdraw money. No matter what I do, they won't contact me. This is a dishonest office! So don't trade with them!
-
Comment
He entered the money, the next day they blocked the office. Such a policy. No specifics, no matter how I talked ....
-
Comment
the broker does not withdraw funds. I think this is enough to no longer discuss the pros and cons. Be careful when choosing a broker!
-
Comment
BW.com has one significant disadvantage: you cannot open a market order at the current price. This is especially important for scalpers. But I am not, so there are only pluses for my strategy on this crypto exchange. I place positions for one week and more, and I consider pending orders the most practical since they are closed exactly at the requested price. In addition, there is no possibility of slippage during execution. Like other competitors, BW.com offers free token giveaways and various bonuses. However, the main advantage is low brokerage fees.
-
Comment
The difference between BW.com and its competitors lies in the main tool for successful trading, which is its trading platform. The visibility and high information content of the interface, as well as the availability of the necessary technical tools, allows you to apply almost any strategy for work. Over several years of crypto trading, I have changed several brokers, but I have never met a more practical terminal than BW.com. If we take into account the commissions, which start at 0 and do not exceed 0.1%, then the exchange can be considered one of the best in the digital market.
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.