Our wallet review process
We examine wallets starting at the code level and continue all the way up to the finished app that lives on your device. Provided below is an outline of each of these steps along with security tips for you and general test results.
Application build test result
(Analysis from Android review)
From the full Google Play description:
Hoo is a cryptocurrency application which supports exchanges，wallets，bitcoin，btc，cash app，money，bitcoin wallet，blockchain，apple pay，acorns and etc.
The app store page did not directly link to any website. However, the email listed in that page uses hoo.com as a domain name.
With the support of Hoo Custody’s unique cold wallet just-in-time payment technology, you can achieve high-speed transfer response when your private key is completely offline, enabling you to seize market opportunities in a timely manner.
Your personal data and relevant information that we may obtain from you shall be used in the following areas:
- Know Your Client requirement
If the user violates the above provisions, Hoo has the right to take all necessary measures directly, including but not limited to deleting the content posted by the user, canceling the stars and honors obtained by the user on the website, freezing the digital assets of the user, suspending or sealing up the user account, canceling the benefits obtained due to the violation, and even investigating the legal liability of the user through litigation.
We tried the app and registered a new user account. The private keys were not provided.
It is possible to withdraw and deposit from your balance, but users must set a transaction password first. The app in itself has the interface of an exchange app.
We mark this app as custodial and thus not verifiable.
Tests performed by Daniel Andrei R. Garcia
Do your own research
In addition to reading our analysis, it is important to do your own checks. Before transferring any bitcoin to your wallet, look up reviews for the wallet you want to use. They should be easy to find. If they aren't, that itself is a reason to be extra careful.