WOOFi Review 2026
Learn more about TU’s methodology
- $1
- WebTrader
- Support for 11 blockchains
- DeFi integration
- Cross-chain swaps.
Our Evaluation of WOOFi
Learn more about TU’s methodology
WOOFi is a cryptocurrency exchange with higher-than-average risk and the TU Overall Score of 3.68 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by WOOFi clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
WOOFi is an online platform offering extensive opportunities for crypto traders and investors within the DeFi ecosystem. Its deep liquidity and variety of instruments make it a great choice for those seeking new ways to earn from cryptocurrencies. However, users should be aware of the lack of regulation and support for fiat currencies.
How we tested WOOFi
Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
Brief Look at WOOFi
WOOFi, a decentralized exchange (DEX) launched in 2021, operates on 11 blockchains. As part of the WOO Network ecosystem, it offers a range of DeFi (Decentralized Finance) services including crypto trading, staking, and liquidity provision. As a DeFi platform, WOOFi is not regulated by traditional financial authorities. Its native token is WOO.
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- Deep liquidity and competitive cryptocurrency exchange rates;
- Integration with various DEXs and liquidity pools for a wide choice of trading and investing instruments;
- No KYC (Know Your Client) verification;
- Transparency and security ensured by smart contracts and blockchain technologies.
- Lack of regulation by official supervisory authorities;
- No support for fiat currencies or other traditional payment methods.
TU Expert Verdict
Chief Analytics Officer
WOOFi is a decentralized cryptocurrency exchange supporting 11 blockchains and focused on trading, staking, and liquidity provision within the DeFi ecosystem. The platform operates through its proprietary WebTrader and provides advanced DeFi features such as cross-chain swaps, yield farming, and leveraged perpetual futures with up to 1:50 leverage, mostly via its WOOFi Pro interface. Users benefit from no deposit fees, a low $1 minimum deposit, and transparent spot fees that are below industry averages. The platform enables crypto-only account funding and allows for earning rewards by staking WOO tokens or participating in affiliate programs.
However, a notable drawback is the absence of regulation by any government authority, which may raise concerns for those seeking strong official oversight and enhanced client protection. Other disadvantages include the lack of support for fiat deposits or withdrawals, a limited asset selection compared to major competitors, and futures trading fees that exceed market averages. WOOFi may not be suitable for users requiring government-regulated platforms or access to fiat currency transactions.
WOOFi Summary
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.
| 💻 Trading platform: | Proprietary WebTrader |
|---|---|
| 📊 Accounts: | Standard |
| 💰 Account currency: | Digital currencies |
| 💵 Deposit / Withdrawal: | Crypto transactions |
| 🚀 Minimum deposit: | $1 |
| ⚖️ Leverage: | 1:50 for perpetual futures |
| 💼 Copy Trading: | No |
| 📈️ Min Order: | No |
| 💱 Commission: |
Spot: 0.03%-0.06% Futures: 0.03%-0.06% |
| 🔧 Instruments: | Futures, Perpetual contracts, NFT. |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Through browser |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | Proactive market maker |
| ⭐ Trading features: |
Support for 11 blockchains; DeFi integration; Cross-chain swaps. |
| 🎁 Contests and bonuses: | Yes |
The WOOFi basic version features three tabs: Swap for cryptocurrency exchange, Stake for earning from WOO staking, and Earn — for optimizing yield through automated investment management. Leveraged trading is available only on WOOFi Pro for trading derivatives.
WOOFi Key Parameters Evaluation
Regulation and Safety
With a 5.75/10 score, WOOFi demonstrates a moderate level of security and regulation. While the platform meets basic safety standards, it may not offer the same level of protection as higher-rated exchanges.
- 2FA
- Investor protection fund
- No successful hacks history
- Cold wallet storage
- Not tier-1 regulated
- Not U.S regulated
- No facial recognition
WOOFi Security Factors
We also compared WOOFi against the top two competitors with the highest scores in our overall ranking based on the most critical security indicators.
| WOOFi | Kraken | Coinbase | |
| Tier-1 regulation | No | Yes | Yes |
| Government-regulated | No | Yes | Yes |
| Investor protection fund | Yes | No | Yes |
| 2FA | Yes | Yes | Yes |
| Facial recognition | No | No | No |
| Cold wallet storage | Yes | Yes | Yes |
| Successful hacker attacks | No | No | Yes |
Is WOOFi a regulated crypto exchange?
WOOFi is not currently regulated by any government authority, which is still a common occurrence in the cryptocurrency industry. While this doesn't automatically mean WOOFi is unreliable, government-regulated exchanges are generally considered more reliable due to the added oversight and client protection they offer.
Is verification (KYC) mandatory at WOOFi?
Yes, KYC verification is mandatory at WOOFi. You will need to complete the verification process before you can open an account and access the platform's full range of services.
Is WOOFi available in the USA?
WOOFi is not available in the USA due to regulatory restrictions. In some cases, access might differ by state, so we recommend confirming details with the platform’s support or checking the official website for the latest updates.
You may also consider the top 3 exchanges that are available in the USA and rank highly based on our methodology: Kraken, Coinbase, OKX .
WOOFi commissions and fees
WOOFi received a 6.5/10 score for its trading fees. While WOOFi is not the cheapest crypto exchange, the fees remain reasonable and competitive within the market.
- Spot fee below industry average
- No deposit fee
- Futures fees above industry average
- Withdrawal fee may be applied
What are WOOFi trading fees?
We analyzed WOOFi’s crypto fees and compared them to the top two competitors, both of which hold high average positions in our rankings. To establish a comprehensive benchmark, we also calculated the average fee score based on an evaluation of over 100 cryptocurrency exchanges.
WOOFi trading fees vs competitors
| WOOFi | Nexus Trade | CoinMetro | Industry average | |
| Spot, maker fee (%) | 0.03 | 0.22 | 0.1 | 0.15 |
| Spot, taker fee (%) | 0.06 | 0.22 | 0.2 | 0.194 |
| Futures, maker fee(%) | 0.03 | 0 | 0 | 0.024 |
| Futures, taker fee(%) | 0.06 | 0 | 0.053 |
What are WOOFi deposit and withdrawal fees?
| Deposit fee, % | 0 |
| Withdrawal fee, % | Network fees |
Does WOOFi offer P2P trading?
No, WOOFi does not support P2P transactions. However, you can explore the best alternatives in our dedicated list of top P2P exchange platforms, offering a variety of secure options for peer-to-peer transactions.
Deposit and Withdrawal
WOOFi received a 2.5/10 rating for its deposit and withdrawal services. WOOFi offers limited funding options and may charge fees, which could be inconvenient for many users.
- Many cryptocurrencies for deposits and withdrawals
- No deposit fees
- Withdrawal fee applies
- No support for bank card payments
Deposit and withdrawal options
WOOFi supports the following deposit and withdrawal options: Crypto.
WOOFi Deposit and withdrawal options vs competitors
| WOOFi | Kraken | Coinbase | |
| Bank transfers | No | Yes | Yes |
| Bank card | No | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| PayPal | No | Yes | Yes |
What is WOOFi minimum deposit?
The minimum deposit at WOOFi is 1 USD/USDT or 0 BTC. The minimum trade size is 1 USD/USDT, which also serves as the minimum amount required to start trading on the platform.
WOOFi minimum deposit vs competitors
| WOOFi | Kraken | Coinbase | |
| Minimum deposit, USD or USDT | 1 | 10 | 10 |
| Minimum deposit, BTC | 0 | 1 | 1 |
| Minimum trade amount, USD/USDT | 1 | 1 | 2 |
Does WOOFi support fiat money?
WOOFi does not support fiat currencies; only cryptocurrencies are accepted.
Supported coins & markets
WOOFi received a score of 4/10 in this category, indicating a modest offering of assets and markets. While WOOFi covers essential trading functions, the number of supported coins, fiat currencies, and investment tools may be insufficient for users seeking more comprehensive options.
- Staking available
- Yield farming available
- Crypto futures available
- Copy trading not available
- Only - supported coins
WOOFi supported coins and markets vs competitors
We compared WOOFi with leading exchanges in terms of supported coins, NFT access, and derivatives like futures and options to help users assess the platform’s product range and trading flexibility.
| WOOFi | Kraken | Coinbase | |
| Supported coins | - | 278 | 249 |
| Futures/Perpetual contracts | Yes | Yes | Yes |
| Options | No | No | No |
| NFTs | Yes | Yes | Yes |
WOOFi passive income options vs competitors
We also compared WOOFi with top competitors in terms of passive income opportunities such as staking, farming, and copy trading, to help users evaluate the platform’s earning potential beyond regular trading.
Contacts
| Official site | https://fi.woo.org/ |
|---|
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