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7,0%
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5,0%
Top 20
1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
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WOO Network Review 2024
Minimum
deposit:
deposit:
- 0.0001 BTC
Trading platform:
- WOO X Web
- WOOFi Web
- WOO X Mobile
Minimum
deposit:
deposit:
- 0.0001 BTC
Trading platform:
- WOO X Web
- WOOFi Web
- WOO X Mobile
Trading features:
- Dynamic staking percentage
Summary of WOO Network Crypto Exchange
WOO Network is a high-risk cryptocurrency exchange with the TU Overall Score of 2.97 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by WOO Network 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. WOO Network ranks 135 among 173 companies featured in the TU Rating, which is based on the evaluation of 100+ criteria.
WOO Network is a young exchange that offers products and platforms for traders with different trading experience. Clients can trade a large number of cryptocurrency pairs with leverage, and earn passive income.
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:
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this post may contain references to products from our partners. Here's an explanation for
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WOO Network is the brainchild of Kronos Research co-founders, which specializes in high-frequency trading, market making and arbitrage. As an independent entity, the exchange began its operation in 2018. By 2022, the number of its offices has grown to 12, and employees to 100 people. WOO Network’s regular partners are Binance, MEXC, Gate.io, AscendEx, etc. Its clients have access to margin trading more than 200 cryptocurrency pairs, as well as futures contracts. The exchange holds trading tournaments with cash prizes; offers staking and a referral program.
| 💰 Account currency: | BTC, USDT and other cryptocurrencies |
|---|---|
| 🚀 Minimum deposit: | 0.0001 BTC/ETC, 0.0002 LTC, 0.001 ETH |
| ⚖️ Leverage: | 1:3-1:5 |
| 💱 Spread: | 0-0.03% |
| 🔧 Instruments: | crypto pairs, futures |
| 💹 Margin Call / Stop Out: | No |
👍 Advantages of trading with WOO Network:
- the minimum deposit is only 0.0001 BTC;
- a wide range of financial instruments;
- low trading fees with the possibility of reduction to 0%;
- support for extended types of limit orders;
- leverage up to 1:5;
- availability of a functional mobile app and two platforms with different capabilities (DeFi and CeFi);
- staking option and referral program.
👎 Disadvantages of WOO Network:
- no fiat withdrawal (uro, US dollars and other currencies);
- it is not possible to contact customer support in real time;
- the exchange is registered in the Cayman Islands, and its activities are not monitored by financial regulators.
Evaluation of the most influential parameters of WOO Network
Trade with this broker, if:
- You prioritize low fees and deep liquidity, as WOO Network offers some of the lowest fees in the cryptocurrency exchange space, particularly on their flagship WOO X exchange. They provide zero-fee maker trades and competitive taker fees, leveraging Payment for Order Flow (PFOF) to access deeper liquidity, potentially leading to improved trade execution.
- You value advanced trading features as WOO X caters to experienced traders by offering advanced features such as customizable workspaces, margin trading, and ladder trading. These features empower traders to implement sophisticated trading strategies and optimize their trading experience.
Do not trade with this broker, if:
- You rely on direct fiat deposits or withdrawals. WOO X may not be suitable for your needs as it currently doesn't support fiat transactions.
- You're averse to the PFOF model. Some users might have reservations about the Payment for Order Flow (PFOF) model adopted by WOO X, which could raise concerns about potential conflicts of interest.
Geographic Distribution of WOO Network Traders
Popularity in
17.8%
IN
9.1%
ES
8.6%
PL
8.2%
AU
7%
US
5.7%
CA
5.6%
BE
5.1%
NL
4.2%
TR
48.7%
Others
User Satisfaction i
34 comments
Total score:
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Expert Review of WOO Network
The exchange offers two trading platforms that have different financial features - WOOFi and WOO X. Their interface is available in 6 languages. Clients can choose a centralized (CeFi) or decentralized (DeFi) system. WOOFi is a DeFi platform with low swap fees, high trade execution speed and minimal slippage. In addition to trading, you can also invest in cryptocurrency (Staking option) using this platform.
WOO X is a CeFi platform with high liquidity and a fully customizable workspace for retail and professional traders. By default, three templates are available - standard, advanced and custom. However, each user can decide for himself which tools he needs. The widgets can be freely added, moved, deleted or duplicated.
The minimum withdrawal amounts on WOO Network are 0.001 BTC, 0.016 LTC, 0.01 ETH. A limited number of free withdrawals are available when staking conditions are met. Trading fees are competitive, and WOO Network clients pay only blockchain network fees for deposited cryptocurrencies. erification on the exchange is a mandatory procedure. The company checks the documents provided by the trader within 1-3 days.
Dynamics of WOO Network’s popularity among
Traders Union’s traders, according to 2023 data
Investment Programs, Available Markets, and Products of the Crypto Exchange
Passive income on the WOO Network can be earned through Staking (for holding the exchange’s token called WOO). There is an algorithmic API trading during which the trader entrusts placing orders to special programs (bots). Also, WOO Network customers can earn income by attracting new users. In the near future, the exchange plans to add a social trading feature that will allow investors to copy trades of successful traders.
WOO token staking and Bug Bounty
The staking percentage on the WOO Network is not a fixed value, but depends on three indicators - the total base rate, the period of funds blocking and the trading activity of the trader. Clients who participate in staking not only earn per annum by holding cryptocurrency, but can also save on trading fees. Fees can be reduced for both manual order placement and automated trading.
The ratio of the number of WOO coins to the commission rate for API trading:
0-1799 WOO — 0.04%;
1800-24 999 WOO — 0.03%;
25 000-149 999 WOO — 0.02%;
150 000-599 000 WOO — 0.01%;
from 600 000 WOO — 0%.
Software testers can earn money on the WOO Network through the Bug Bounty program. The exchange pays from USD 200 to 10,000 to registered users who find a bug in the software. The amount of the reward depends on the criticality of the identified bug. There are countries where the program is not available.
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.
WOO Network referral program
The size of the referral reward depends on the level of the partner, assigned by the number of WOO coins in his wallet. There are seven levels in total - from 0 to 6. Clients who have frozen from 0 to 1799 coins receive the zero level, they do not receive a referral bonus. Partners of levels 1-6 receive 0.001-0.002% of the amount of funds that the referral uses for staking.
A bonus is also available to a user who has registered using the link - he can trade at zero fee for the first 14 days. However, to receive this benefit, a trader must deposit at least 100 USDT (or the equivalent in another currency).
Trading Conditions for WOO Network Users
WOO Network accepts and withdraws only cryptocurrencies; the exchange does not work with fiat. The deposit can be funded with 97 digital coins. Margin trading is available.
0.0001 BTC
Minimum
deposit
1:5
Leverage
24/7
Support
| 💻 Trading platform: | WOO X Web, WOOFi Web, WOO X Mobile |
|---|---|
| 📊 Accounts: | Standard |
| 💰 Account currency: | BTC, USDT and other cryptocurrencies |
| 💵 Replenishment / Withdrawal: | Crypto wallets |
| 🚀 Minimum deposit: | 0.0001 BTC/ETC, 0.0002 LTC, 0.001 ETH |
| ⚖️ Leverage: | 1:3-1:5 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | Depends on the cryptocurrency |
| 💱 Spread: | 0-0.03% |
| 🔧 Instruments: | crypto pairs, futures |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Available |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | Market, Limit, Stop Market, Stop Limit, OCO, Post-Only, Reduce-Only, IOC, FOK |
| ⭐ Trading features: | Dynamic staking percentage |
| 🎁 Contests and bonuses: | Free tokens for new users, lotteries and cash prize draws, trading contests |
Broker comparison table of trading instruments
| WOO Network | Bybit | OKX | XT.com | Huobi Global | Phemex | |
| Forex | No | No | No | No | Yes | 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 |
WOO Network Commissions & Fees
Information
The taker and maker fee on the WOO Network is 0.03%. However, it can be reduced to 0% if the client stakes 1800 or more WOO tokens. The commission is calculated in the currency that the trader receives as a result of the transaction. For example, for the LTC/ETH pair, the commission for a buy order is charged in LTC, and for a sell order - in ETH. There are fees for withdrawing funds - 0.0005 BTC, 0.0016 DASH, 0.006 ETH, etc. However, free withdrawals are available to WOO token holders - from 1 to 50 transactions per day, depending on the amount of coins blocked under the terms of staking.
| Account type | Spread (minimum value) | Withdrawal commission |
| Standard | $3 | Free withdrawals available only with payment of network fees |
Analysis of WOO Network fees would be incomplete without comparing them with the fees of other crypto exchanges. Traders Union analysts have compared the average values of the commissions of the three trading platforms.
| Broker | Average commission | Level |
| WOO Network | $3 | Medium |
| Bybit | $20 | High |
| Bitfinex | $0.1 | Low |
Contacts
| Foundation date | 2020 |
| Registration address | Cayman Islands |
| Official site | https://woo.org/ |
| Contacts |
Email:
support@woo.network,
|
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FAQs
Do reviews by traders influence the WOO Network rating?
Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about WOO Network you need to go to the broker's profile.
How to leave a review about WOO Network on the Traders Union website?
To leave a review about WOO Network, register on the Traders Union website or you can also leave a review through Facebook.
Is it possible to leave a comment about WOO Network on a non-Traders Union client?
Anyone can leave feedback about WOO Network 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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