Hoo Exchange is a cryptocurrency exchange registered in Hong Kong. It has been in operation since May 2018.
Some of you may have heard of exchanges and Hoo exchanges. This was actually acquired by Hu Exchange Company Hufu Technologies and merged into Hoo Exchange Review.
At the time of writing this review (August 7, 2020), the platform stated on its website that it supports 212 different cryptocurrencies. This means that many more foreign bitcoins are also supported here. Here are two sides of the same coin. On the positive side, with a large number of crypto supported, even the most foreign Altcoin trader can stay on this platform and look no further than to meet all their specific trading requirements. On the other hand, however, it could also mean that there may be more scam coins to trade here. Exchanging with a small number of supported cryptos usually only supports large crypto projects, all of which have gone through multiple due diligence processes and, in most cases, are properly reviewed. The newly introduced Altcoin is not subject to the same test.
On the same day, the platform said its 24-hour trading volume was about 615 million (615.17 million). We could not verify the scale of this trade, but when it is true it has a very impressive trading volume and shows that users of this platform do not have to worry about liquidity issues.
Hoo Exchange Review
Most crypto traders believe that desktop ops provide the best conditions for their trading. Computers have larger screens, and larger screens can simultaneously display more important information that most traders create based on their trading decisions. Trading charts will also be easy to see. However, not all crypto investors need a desktop for their business. Some prefer to trade crypto through their cell phones. If you are one of these traders, you will be happy to know that the trading platform of Hoo Exchange Review is also mobile compatible. You can download it from both the App Store and Google Play:
Hoo Exchange Review is a cryptocurrency exchange registered in Hong Kong. It has been in operation since May 2018.
Some of you may have heard of exchanges and OXX exchanges. This was actually acquired by Hu Exchange Company Hufu Technologies and merged into Hoo Exchange.
At the time of writing this review (August 7, 2020), the platform stated on its website that it supports 212 different cryptocurrencies. This means that many more foreign bitcoins are also supported here. Here are two sides of the same coin. On the positive side, with a large number of crypto supported, even the most foreign Altcoin trader can stay on this platform and not have to look anywhere else to meet all their specific trading needs. On the other hand, however, it could also mean that there may be more scam coins to trade here. Exchanging with a small number of supported cryptos usually only supports large crypto projects, all of which have gone through multiple due diligence processes and, in most cases, are properly reviewed. The newly introduced Altcoin is not subject to the same test.
On the same day, the platform said its 24-hour trading volume was about 15 615 million (6 615.17 million). We could not verify the scale of this trade, but when it is true it has a very impressive trading volume and shows that users of this platform do not have to worry about liquidity issues.
Hoo Exchange Mobile Support
Most crypto traders believe that desktop ops are the best place to trade. Computers have larger screens, and larger screens can simultaneously display more important information that most traders create based on their trading decisions. Trading charts will also be easy to see. However, not all crypto investors need a desktop for their business. Some prefer to trade crypto through their cell phones. If you are one of these traders, you will be happy to know that the trading platform of Hu Exchange is also mobile compatible. You can download it from both the App Store and Google Play:
It's up to you - and only you - to decide if the business scenario above is right for you. Finally, there are many ways you can change the settings in the trading view to suit your own preferences.
OTC Desk
Suppose you have a very large amount of a particular cryptocurrency. You want to sell that amount. Should you do this like everyone else on a regular trading platform? Probably not. One of the many reasons why large trades run outside the general market is that large trades can affect the market value of related cryptos. Another reason associated with the above is that the order book can be too thin to run the business associated with it. This is the solution to what we call over-the-counter (OTC) trading.
The exchange offers OTC trading, which can be helpful for all "whales" (and maybe even all "dolphins") from there.
US investors
Why are so many exchanges not allowing American citizens to open accounts with them? There are only three letters in the answer. S, E, and C (Securities Exchange Commission). The SEC is so horrible that the US does not allow foreign companies to become American investors unless those foreign companies are also U.S. investors. Not registered in (in SEC). If foreign companies sell to American investors in any way, the SEC can sue them. There were several cases when the SEC sued crypto exchanges, one of which sued EtherDelta for operating an unregistered exchange. Another example against BitFinex was that Stable CoinTether (USDT) misled investors. More cases are likely to follow.
It is not clear whether the exchange will allow American investors. We have read their terms and conditions and have not found a clear ban on American investors. We urge all American investors to form an opinion on what they are allowed to trade on the stock exchange.
Hoo Exchange Fees
Hoo Exchange exchange trading fees
Every time you place an order, the exchange charges you a trading fee. The trade fee is usually one percent of the value of the trade order. Many exchanges are split between buyers and manufacturers. The taker is the one who "takes" the existing order from the order book. Manufacturers are the ones who add orders to the order book, thus creating liquidity on the platform.
I charge a flat fee called an exchange, which means that both the buyer and the manufacturer pay the same fee: 0.20%. This borrower fee is slightly higher than the global industry average for a centralized exchange. Sure, the industry average was 0.20-0.25% historically, but now we see that the new industry average is 0.10-0.15%.
The exchange is also offering trading fees to its VIP clients. You become a VIP customer by creating scores. You earn points by purchasing a certain trading volume or by inviting a large number of friends to create accounts on the platform. Please visit the Hua Exchange website for more information.
Hoo exchange withdrawal fees
As we understand it, if you remove the cryptocurrency from your account on the platform, Huexchange will not charge any fees. Accordingly, all you need to think about is a network fee. Network fees are fees paid to specific crypto/blockchain miners, not exchange fees. Network charges vary from day to day depending on network printing. In general, only network fee payments for crypto withdrawal fees should be below the global industry average.
Deposit methods
I store not only cryptocurrency but also Fiat currency on the exchange platform. However, only by bank transfer (not credit or debit card). Since it is possible to deposit in Fiat currency on this trading platform, the platform is considered an “entry exchange” and is, therefore, an exchange where new crypto investors can begin their journey into the lucrative crypto world.
What are the profits and consequences of Hoo Exchange?
Pros:
- You can download any version of the application directly from the third-party website. You can have the app archives of most versions and you can download them according to your needs.
- Unlike Play Store, downloading is instant, you don't have to wait for the review process, etc.
- After downloading, there is an APK file on your memory card/system memory. So you can uninstall and reinstall them many times without downloading.
Cons:
- Downloading apps from third-party sources are not usually checked by Google. So it can be harmful to your phone.
- APK files may contain viruses that steal data from your phone or damage your phone.
- Your apps won't automatically update because they don't usually have access to the Google Play Store.
Screenshots and Images
Conclusion
This review must have fulfilled all your queries about Hoo Exchange Apk, now download this amazing app for Android & PC and enjoy it. If you like the App please share it with your friends and family.
Download Hoo Exchange Review is located in the Finance category and was developed by Hoo's. The average rating on our website is 4.6 out of 5 stars. However, this app is rated 4 out of 5 stars according to different rating platforms. You can also respond Hoo Exchange Review on our website so that our users can get a better idea of the application. If you want to know more about Hoo Exchange Review, you can visit the official developer website for more information. The average rating is rated by 17389 users. The app was rated 1-star by 7 users and 5-star by 9091 users. The app has been downloaded at least 1122 times, but the number of downloads can reach 22440. Download Hoo Exchange Review If you need a free app for your Action device, but you need 4.0+ version or higher to install this app.
