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How to buy WOO (WOO)

Learn how to buy WOO (WOO) in our step-by-step guide.

WOO (WOO) is the 312nd largest cryptocurrency by market cap, valued at US$171,176,861.

WOO is a highly volatile asset capable of major price swings in a single day. Today the price of WOO is $0.089223, which is lower than yesterday's trading price of $0.093086645. Over the past year, WOO's price has seen a decrease of -79%.

So before you buy WOO, make sure you understand these unique risks as well as its legal and tax status here in the US.

If you're ready to get started, read on for step-by-step instructions on how you can buy WOO.

How to buy WOO in 5 steps

The whole process can take as little as 15 minutes and all you'll need is a smartphone or computer, an internet connection, photo identification and a means of payment.

  1. Compare crypto exchanges
    The easiest way to buy WOO is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, ease of use or 24-hour customer support.
  2. Create an account
    To create an account on an exchange, you will need to verify your email address and identity. Have some photo ID and your phone ready.
  3. Make a deposit
    Once verified, you can deposit USD using the payment method that best suits you – cryptocurrency, bank and card payments are widely accepted.
  4. Buy WOO
    You can now exchange your funds for WOO. On beginner-friendly exchanges, this is as simple as entering the USD or WOO amount you want to purchase and clicking "buy".
  5. Secure your WOO
    Consider transferring your WOO to a personal crypto wallet to protect against some of the risks of keeping it on an exchange, such as hacks, scams or platform bankruptcy.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Where to buy WOO

Find an exchange to buy, sell and trade WOO by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the exchange.

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What is WOO?

In its most basic sense, Wootrade can be considered a trading solution that provides investors with a high level of liquidity. It's a front-end trading GUI and has the power to incorporate the platform into users' favorite exchanges, wallets, dApps and more.

WOO is the native cryptocurrency of the Wootrade ecosystem. It can be staked to access multiple premium features as well as mitigate trading charges which almost every other platform levies. Furthermore, individuals can also deploy WOO to trade spots/futures, and holders can use it to accrue voting rights.

How do I find the best places to buy WOO?

Cryptocurrency exchanges offer similar services, but differ in a few key ways – mainly fees, the range of cryptos available and payment methods. You can use our table to compare the features of popular cryptocurrency exchanges available in the US to help you choose the one that's right for you.

Some other factors you may want to consider are customer support, user reviews, ease of use and whether or not the exchange is registered with a local regulator. This information can be found by clicking on the exchange name in the table which will take you to its review page.

What will I need to buy WOO?

To create an account on any cryptocurrency exchange you will need an email address. Some exchanges may also ask for a phone number and photo ID, so it's a good idea to have those ready.

An increasing number of cryptocurrency exchanges will ask to verify your identity before you can deposit funds and start trading WOO.

  • This process is known as Know Your Customer (KYC) and usually requires photo ID and a webcam or smartphone. You may also need to prove your address by uploading a copy of a recent bank statement or utility bill.
  • Some exchanges allow you to deposit and trade cryptocurrencies without passing KYC, but they will not allow you to transfer local currency from your bank account. So if you are planning on purchasing WOO with your local currency then you will need to pass KYC.
  • Once you have verified your identity, it is a good idea to enable 2-factor authentication (2FA) before depositing any funds. This will increase the security of your account and help keep your funds safe.

What are the best ways to buy WOO?

Once you've created an account, you will need to deposit funds to buy WOO with. You can either deposit local currency from a bank account or credit card, or transfer cryptocurrency from another exchange or wallet. Here are some popular ways to buy WOO:

  • Bank account: Transfers from local bank accounts are usually free, but you will need to double-check this with the exchange you choose – this information can be found in our table by clicking on 'view details'.
  • Credit or debit card: Linking a card to your account is another convenient way to top up your account, but be aware that it usually attracts an additional fee. An advantage, though, is that you can use a card to make instant purchases or set up a recurring purchase.
  • Cryptocurrency: You can usually purchase WOO by trading it for another cryptocurrency like Bitcoin or a stablecoin. This varies between exchanges though, so you will need to search for WOO on the spot market to see what cryptocurrencies it can be traded for.

What is the easiest way to buy WOO?

The easiest way to buy WOO is by placing an 'instant buy' order to purchase it for a fixed price but not all crypto exchanges offer this feature.

Alternatively, you can open a trade on the spot market which allows you to set your own price – this is the most common way to purchase cryptocurrency. Using the instant buy feature is straightforward but typically more expensive than using the spot market.

Before buying WOO, you may want to check the market conditions. To help you decide if now is the right time to buy, you can take a look at our all-time high tool to get an idea of how the price of WOO has been performing recently.

Best WOO wallets to store your WOO

You can keep your WOO on the exchange you purchased it on, or move it to a personal wallet:

  • Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
  • Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can take a look at some of our top hardware wallet picks for self-custody of your WOO below.

Ledger Nano X Wallet

Trezor Model T Wallet

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Go to site

Supported assets

5,500+

Supported assets

1,000+

Price (USD)

$149

Price (USD)

$129

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Is WOO a good investment?

Each cryptocurrency purchase should be evaluated thoroughly. All risks and influencing factors associated with both the token and the platform need to be accounted for:
  • Solid founding team. Wootrade's cofounders include Jack Tan and Mark Pimentel. A Carnegie Mellon University graduate, Tan has previously worked for several major banking institutions including BNP Paribas and Deutsche Bank. On the other hand, Pimentel is considered a pioneer in the decentralized finance industry thanks to his 2017 whitepaper on decentralized derivatives exchanges (DEXs). In the past, he has worked for Citadel Investment Group as well as Knight Capital's electronic market development group.
  • Industry support. Upon its inception, Wootrade was incubated by leading trading company Kronos Research. The firm handles massive monetary inflows regularly and is known to handle anywhere between $1 billion to $2 billion worth in trades every day.
  • Unique governance model. Unlike a number of protocols where governance rights are handed out to individuals directly in proportion to the number of tokens they own, Wootrade gives increased voting power to people who spend more time on the platform as opposed to those individuals who simply HODL and short WOO.
  • Fixed supply. When the platform began, it minted a total of 3,000,000,000 WOO. 50% of this pool is actively used to issue rewards while the remaining tokens have been distributed among investors, advisors and team members.

Today's WOO price versus ATH

Compare today's price of WOO ($0.089223 USD) against its all-time-high price of $1.78 USD on 15 November 2021. The closer the bar is to 100%, the closer WOO is to reaching its ATH again.

WOO's price: $0.089223
ATH date: November 15, 2021
5.01%

WOO ATH: $1.78


How to trade, convert or sell WOO

You can convert or sell your WOO with the same exchange you bought it through:
  1. Sign in to the exchange you have WOO on.
  2. If you store your WOO in a digital wallet, compare crypto exchanges to convert or sell it on.
  3. Choose Sell or Convert and place a sell order.
  4. Choose the amount of WOO you'd like to convert or sell.
  5. Confirm the sell price and fees and close your sale of WOO.
  6. Complete your transaction and move your WOO to a wallet for storage.

Disclaimer: Cryptocurrencies, including WOO, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of WOO is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the WOO or any other cryptocurrency discussed.

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