In 2022, the rise of digital currency, Ethereum, and NFT has aroused the interest of a large number of investors. So what's the difference between digital currency investment and traditional wealth management? What features investment products can we buy at Hoo?
What is Digital Currency Investment
To compare the two efficiently, you have to understand what they mean. Digital currency investment is a type of currency that is non-physical where no coins and banknotes exist. They can only be transmitted electronically, and it allows for instantaneous transactions and borderless ownership transfer. Encryption techniques are used in the regulation and generation of unit currency. Examples include cryptocurrencies and virtual currencies.
What is Traditional Wealth Management
With traditional wealth management, money is any form in actual use or circulation as a medium of exchange, especially coins and banknotes circulations. The money is government-issued currency. Examples are two monetary systems: commodity money and fiat money.
Different Between Digital Currency Investment and Traditional Wealth Management
Comparing the two, traditional wealth management is volatile and expensive. Traditional wealth management is explosive such that the price of the exchange rate fluctuates according to the economic condition. In addition to the high transaction cost and transition, the path is monitored by a trusted third party. On the other hand, the value and the conversion will be the same as physical money for the digital currency investment and avoid volatility.
During the creation and final distribution of the money, its cost is low and almost zero. The digital currency is safe with a resilient system against system failures, possible cyberattacks, or disruptions. They are also operable between different banking systems.
Why to Choose Digital Currency Investment in Hoo
Hoo is a reliable digital exchange that has been operating for years, giving you a choice of over 1000 currencies and low transaction fees. It's one of the top exchanges in terms of cryptocurrency assets. In addition, users can also experience a convenient trading experience and fast real-time trading. In addition, Hoo exchange has invested in security measures to protect your money.
Features of Hoo's Investment Products
Having known about digital currency investment, Hoo.com is the first stop for you. Hoo Exchange has several features. It provides you as an investor with various features to explore the services and decide where to invest. Here are some of the important parts of Hoo investment products.
With Hoo Custody, it is committed to providing professional asset security management for blockchain businesses and building industry-leading custody services. The custody services have two concepts asset storage and business wallet.
It allows users to earn profit through Hoo pool, a liquidity provider. With the Hoo Pool, the process is simple where the users need to provide liquidity through the Hoo pool. The user uses liquidity mining, and they can earn a decent amount of liquidity rewards.
Hoo Earn offers you various saving plans. As a user, you can invest and earn passive income. The users lock funds in the corresponding contract, and they can begin receiving interest for the number of funds locked up in each contract.
Hoo swap has a Hoo swap option which the user selects and instantly swaps the tokens. The trading table is an automated market maker (AMM) developed on the Hoo exchange centralized platform.
On the Counter (OTC Platform)
Investors can buy and sell cryptocurrency without hassle using this platform. The investor does it at a fixed price while transacting their assets wherever they want to trade.
Who Can Operate Hoo Exchange?
Hoo exchange is suitable for both novices and professionals. If you are interested in investing and active trading, Hoo is the best choice. This exchange brings you a typical trading View web terminal with a lightning-quick processing speed and has mobile trading to the table. The fees are also below average and have popular assets. It is made in a simplified way to provide you with efficient services. Invest digital currency here at hoo.com