Hoo
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hoo.com
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Hoo.com is a young cryptocurrency exchange that offers a huge selection of cryptocurrencies, low commissions and attractive trading conditions.
Cryptocurrency exchange
Website
Social media
Date of foundation
2019
Head Office
Cayman Islands
Types of support
Feedback form on the site
Chat
Twitter
Telegram
Reddit
Facebook
Instagram
Languages
English, Chinese, Korean, Arabic, Japanese
Founder
Ruixi Wang
The owner of the company
Hoo Group
Manager
Ruixi Wang
Minimum entry amount
Verified
Cryptocurrency
No limits
Fiat
  • Bank card (Visa/MC), Apple Pay, Cash: to 10 USD
Unverified
Cryptocurrency
No limits
Fiat
  • Bank card (Visa/MC), Apple Pay, Cash: to 10 USD
Maximum input amount
Verified
Cryptocurrency
No limits
Fiat
  • Bank card (Visa/MC), Apple Pay, Cash: to 100 000 USD
Unverified
Cryptocurrency
No limits
Fiat
  • Bank card (Visa/MC), Apple Pay, Cash: to 100 000 USD
Minimum withdrawal amount
Verified
Cryptocurrency
No limits
Fiat
  • Bank card (Visa/MC), Apple Pay, Cash: to 10 USD
Unverified
Cryptocurrency
No limits
Fiat
  • Bank card (Visa/MC), Apple Pay, Cash: to 10 USD
Maximum withdrawal amount
Verified
Cryptocurrency
  • to 200 BTC / Depends on user level
Fiat
  • Bank card (Visa/MC), Apple Pay, Cash: to 100 000 USD
Unverified
Cryptocurrency
  • to 200 BTC / Depends on user level
Fiat
  • Bank card (Visa/MC), Apple Pay, Cash: to 100 000 USD
Exchange Commission
Trade Commission: From 0.02 to 0.2 % for maker / To 0.2 % for taker
Terminals
Author's platform
Age restrictions
From 18 years
Trading volume per day
7194 BTC
Number of trading instruments
525+
Margin Trading
No
Tokenized assets
Proprietary token - Hoo
Free Demo Account
No
Types of accounts
Execution of orders
Spot Order, Inno Order, Hooswap Order, Futures Order
Methods of replenishment
Bank card (Visa/MC), Apple Pay, Cash
Withdrawal methods
Cryptocurrencies
Account currencies
Cryptocurrencies
Mobile applications
Has mobile apps (iOS)
Trader training
Instructions for Hooswap
A way to store cryptocurrencies
Cold: no
Hot: no
Fiat accounts
No
Scalping
No
Stop Loss and Take Profit Function
Yes
Exchangeability for fiat currencies
It is possible to replenish accounts with fiat currency
Terminal capabilities
Working with indicators, graphical tools
Basic verification
Yes
Extended AML verification
Regulatory laws
Law of the Russian Federation "On digital financial assets" from January 1, 2021
The Law of the Russian Federation from 07.08.2001 N 115-FZ "About counteraction to legalization (laundering) of incomes received by a criminal way and terrorism financing".
API
Bonuses
Affiliate Program
RegistrationUp to 20% commissions
Benefits
Wide range of cryptocurrencies and trading pairs
Low commissions
No problem with deposit and withdrawal
You can trade without verification
High level of security
Intuitive interface
Round-the-clock support
Disadvantages
The site is not russified
Company requisites
Overall assessment
8.1/10
Date of update
27.04.2022

    Hoo is it a scam? Reviews and description

    1 November 2021


    Hoo is positioning itself as the world's leading blockchain asset servicing platform, which aims to provide users around the world with secure and reliable asset management and blockchain services. It was originally founded in 2017 by Chinese crypto investor and entrepreneur Ruihi Wang as a wallet for cryptocurrencies.

    In June 2019, the company announced that it had acquired Chaince and OAX, two startup exchanges in China, and fully transitioned to a blockchain asset servicing platform, with operations expanding to crypto exchanges. In this review, we will consider what exactly offers users this site, whether this project is not a scam.

    hoo.com reviews

     

    Why Hoo?

    It is one of the world's leading blockchain asset servicing platforms, offering a huge number of digital coins for trading, already more than 400 of them. However, there are no trading pairs with classic global currencies. Fiat money is not quoted. The trading system works on the model of the stock market - it uses the latest developments of the Tokyo Stock Exchange. It is modern, convenient and secure.

    Hoo Exchange conducts transactions in cryptocurrencies. Now it has a daily turnover of more than a billion dollars, making it one of the largest exchanges for token trading. About a hundred different coins are available. From the top ones like Bitcoin (BTC), Ethereum (ETH) or Litecoin (LTC), to little-known ones like CyberMiles (CMT) or ZCoin (XZC).

    How to trade cryptocurrency

    You can fund your account in American dollars, South Korean won and Chinese yuan. The project is aimed at customers from the UAE, South Korea, Japan, England, Singapore and Hong Kong. There is no Russian-language version of the platform. The pluses of the exchange Hu include:

    • intuitive platform interface;
    • wide choice of currency pairs - BTC/USDT, DOT/USDT, BCH/USDT, etc. (more than 520 pairs);
    • other financial instruments - OTC market (OTC), futures, digitization of asset rights, swaps;
    • The project's own token with the same name - 1 HOO = 0.71895698 USDT, can be exchanged for other digital coins on the HooSwap platform;
    • low commissions - up to 0.2% from each transaction (floats and varies depending on the market value of coins);
    • bonus rewards and referral program;
    • Verification is not required for trading, only for the withdrawal of funds.

     

    How to exchange cryptocurrency on hoo.com platform?

    Cryptocurrency exchange can be done through OTC or HooSwap. To make an exchange through OTC, you need to select "Quick Trade" or "Favories". In Quick Trade you can buy or sell digital coins. Here you need to specify the amount in euros, dollars, hryvnias or other currency and which crypto you want to buy/sell. Then select the payment method and click on "Buy Now"/"Sell Now".

    Hoo buy cryptocurrency

    In HooSwap you can exchange your own Hoo exchange token for another crypto. You need to specify the amount of digital coin, the system will give you the amount of exchange, and then click on Swap.

    hoo.com sell cryptocurrency

     

    Verification on the Hu platform

    To be verified, you must first register on the site hoo.com. To do this, click on Sign Up and fill in the registration form: phone number or e-mail address, SMS-code and password. You can trade without verification, but it is obligatory for withdrawal.

    Hoo check in

    Click "KYC" on the My Assets page. Select the type of ID and enter your personal information. Click "Next" and upload the necessary files: your passport information page and a photo of you holding your passport and the paper that says "Hoo KYC and the date".

    Hoo verification

     

    Deposit and withdrawal

    You can fund your account by bank transfer. Find the "My Assets" page under "Total Assets". Select which coin you want to deposit. For example, BTC, and you will be able to enter your address using the QR code.

    hoo.com make a deposit

    You can withdraw funds to any cryptocurrency wallet. To do this, go to the "Withdraw" section of the "My Assets" page. Select, for example, BTC, and enter the address to which you want to make the transaction.

    Hu withdrawal of funds

    Commission of the crypto exchange hoo.com

    When depositing funds into the account, there are no commissions. Withdrawal fees are minimal - up to 0.2 % from each transaction. % floats and changes depending on the market value of coins. Also % depends on the level of the client:

    • VIP0 - 0.20% (taker), 0.20% (maker);
    • VIP1 - 0.16% (taker), 0.16% (maker);
    • VIP2 - 0.14% (taker), 0.14% (maker);
    • VIP3 - 0.12% (taker), 0.10% (maker);
    • VIP4 - 0.10% (taker), 0.05% (maker);
    • VIP5 - 0.05% (taker), 0.00% (maker);
    • VIP6 - 0.02% (taker), 0.00% (maker).

     

    Hoo Bonuses

    Hoo offers customers bonus rewards depending on the level, raffles, and a referral program. That's what we're going to talk to you about next.

    VIP scores

    Points can be awarded not only through the referral program, but also when trading digital assets. The volume of trading, equivalent to 1 BTC, brings 100 points. Points can be exchanged, payment will be calculated as follows: 100 points = 5 US dollars. When exchanging for Hoo, everyone receives 1000 points, which can be used when trading crypto.

    hoo.com VIP points

    VIP activity and rate increases

    All VIP users of other exchanges can become Hoo VIPs through an exclusive channel. Bonus coupons will be issued until December 31, 2021, and can be received by email when registering at hoo.com. With turnover from 2 BTC to 10 BTC you can get VIP3 level and 1% pay rate benefits, from 10 BTC to 20 BTC vip4 + 1.5%, from 20 BTC to BTC 50 vip5 + 2%, from 50 BTC to 100 BTC or more vip6 + 3%.

    Hoo VIP activity

    Drawing of $30,000

    You can trade the new trading pair WSG / USDT and make money on it. $30,000 will go to the top 100 players (the amount is divided among all). You can use your winnings to trade crypto at hoo.com.

    Hoo shenanigans

    Referral program

    Under the terms of the affiliate program there are 2 levels of referrals: 1LI - friends of the exchange client, registered by referral code and 2LI - friends of friends of the first level. Depending on the level the company's client Hu can receive such a % commission:

    • VIP0 - 3% with 1LI, 2% with 2LI;
    • VIP1 - 10% with 1LI, 5% with 2LI;
    • VIP2 - 12% with 1LI, 6% with 2LI;
    • VIP3 - 14% with 1LI, 7% with 2LI;
    • VIP4 - 16% with 1LI, 8% with 2LI;
    • VIP5 - 18% with 1LI, 9% with 2LI;
    • VIP6 - 20% with 1LI, 10% with 2LI.

     

    Complaints about Hoo

    Most customers comment on the platform hoo.com positive. They write that everything works smoothly, there are no problems with deposit and withdrawal of funds. Newcomers get a pleasant experience trading cryptocurrencies and note the friendliness of the tech support specialists. There are many markets, low commission, you can use your own wallet. There are no complaints as such. But there is dissatisfaction with the lack of a Russian-language version of the platform, the emphasis is on the Asian market. There is an English-language version, but you need a lot of patience to understand the deposit, withdrawal, creating orders.

    Hoo reviews.

    If there are any complaints about Hoo, we'll be sure to post on social media. Sign up so you don't miss anything!

    Please keep yourself informed about news and complaints. We copy the most valuable information to social networks, so please sign up!

     

    Regulation of the crypto exchange hoo.com

    Before starting to cooperate with a crypto exchange, it is important to study legal information and understand the regulation of its activity. This largely determines the success of trading and reduces the risk of losing your money.

    Regulator

    It is only known that the company is registered in the Cayman Islands. There is no more information about the registration on the site, nor is there any contact information - address or phone number. But there is legal documentation, an e-mail address and a social network where you can contact the support service. However, the network indicates that in Iceland the company is regulated by the SFC - Securities and Futures Commission and FinCom - The Financial Commission.

    Hu User Agreement

    The "agreement" states that cryptocurrency trading involves a lot of risk. It is recommended that you think carefully about your decision before engaging in digital asset trading.

    hoo.com user agreement

    You may make a big profit or loss because of huge price fluctuations, but Hoo will not incur any liability and will not provide compensation for your investment.

    Hu responsibility of the exchanges

    The user is responsible for any damage caused by the user.

    Hoo customer responsibility

    If fraudulent actions are noticed behind the user, Hu can freeze the account and even suppress an application to the court.

    hoo.com account freeze

    Customer Service

    Ways to contact support:

    • email: [email protected];
    • feedback form and online chat on the site;
    • Twitter;
    • Telegram;
    • Reddit;
    • Facebook;
    • Instagram.

     

    Hoo is this a scam?

    Hoo Although it does not provide legal information and contacts to the full extent, but it is impossible to call this project a scam. The company is actively developing, and it all started with a cryptocurrency wallet. Now hoo.com is one of the world's leading blockchain asset servicing platforms. Hoo serves customers from all over the world, but the emphasis is on the English-speaking and Asian audience. There is no Russian-language version of the site, so it is difficult to understand the terms of trade, deposit and withdrawal methods, legal and other information.

    Judging by the reviews, most customers are satisfied with hoo.com platform. Hoo offers huge choice of cryptocurrencies and trading pairs, low commissions, use of any cryptocurrency wallet. They write that everything works smoothly, there are no problems with deposit and withdrawal. If you are a beginner and know English, you will understand the terms of trade on this site. Unfortunately, without knowledge of English, Chinese or Korean, it's difficult to understand what's what.

     

    Conclusion

    Hoo - is a young cryptocurrency exchange that positions itself as the world's leading platform for servicing blockchain assets. It offers a large number of tokens for trading. There are no trading pairs with classic global currencies. This project is popular with the English-speaking and Asian audience, there is no website in Russian. Hu offers a huge selection of cryptocurrencies, low commissions and attractive trading conditions. Participate in the discussion of this site on our site, leave your feedback! This will help us to give a more accurate assessment of Hoo.com activity.

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