Oodlebit Beta Phase One Is Open

Its been a long journey for us at Oodlebit but we are finally here. For those of you who have stuck by us since the beginning, thank you for your support, for those of you who are just joining us, welcome aboard. Now let’s get started!

Beta Testing Requirements:

  • Desktop environment required (Safari, Chrome, Firefox, Edge web browsers are supported) – Internet Explorer will not be supported. Mobile is not yet supported.
  • Time, we expect you to participate within the complete beta test which will last 15 days. You will need enough time to discover and report bugs.
  • Join our Beta Testing Discord channel https://discord.gg/t6yNX4Z

Responsible Testing:

  • Don’t violate the privacy of other users, destroy data, disrupt our services, etc.
  • Only target your own accounts in the process of testing any bugs. Don’t target, attempt to access, or otherwise disrupt the accounts of other users.
  • Don’t target our physical security measures, or attempt to use social engineering, spam, distributed denial of service (DDOS) attacks, etc.

Note: If you are a hacker, security expert, or just a security enthusiast we invite you to responsibly investigate and report bugs in a way that will not to be disruptive or harmful to us or our users.

Beta Testing Participation Reward:

We will pay beta testers a onetime participation reward equivalent to 10 USD in Bitcoins and 500 OODL coins when they submit at least one qualifying security or functionality bug.

Bug Rewards:

We will pay rewards in Bitcoin and OODL coins, but it’s entirely at our discretion to decide whether a bug is significant enough to be eligible for reward. You also must be the first beta tester to report the bug to qualify for the reward, we pay rewards on a first report basis.

Warning: Only submit bugs that pose a real security or functionality problem and report them in a clear and descriptive manner. Anyone found abusing our bug reporting system by submitting many non-qualifying bugs will be disqualified from beta testing and its rewards.

  • Security Bugs: Will pay a minimum reward equivalent to 50 USD in Bitcoins and 500 OODL coins per security bug. Rewards over the minimum are at our discretion, but we will pay significantly more for particularly serious issues. A security bug is anything that poses a significant vulnerability, either to the security of our site or the integrity of our trading system.
  • Functionality Bugs: Will pay a minimum reward equivalent to 10 USD in Bitcoins and 100 OODL coins per functionality bug. A functionality bug is any part of the Oodlebit platform that is not functioning as designed. Make sure you do not test anything listed on the “Do not test list” displayed below.

Note: After submitting a bug give us reasonable amount of time to review your bug report and respond to you. Please do not spam us about your bug report.

Bugs that do not qualify include:

  • Bugs that have not been reported in a clear and descriptive manner or cannot be reproduced.
  • Bugs already known to us or already reported by another beta tester.
  • Vulnerabilities contingent on physical attack, social engineering, spamming, DDOS attack, etc.
  • Vulnerabilities on sites hosted by third parties unless they lead to a vulnerability on the main website.
  • Bugs that pose no real threat to our security, to our systems, or to our users.
  • Misspellings or incorrect language strings.
  • Bugs not related to https://beta.oodlebit.com – oodlebit.com will be discontinued, and replaced with the beta.oodlebit.com website version after beta.

How to report bugs:

  • Include your Email address associated with your Oodlebit.com account, or else you will not receive your OODL coin rewards if eligible.
  • Include your Bitcoin Address where you would like to receive your bug reward payment. OODL coins will be credited to your account at a later date when beta is over.
  • Include as much information in your bug report as possible, including a description of the bug, its potential impact, and steps for reproducing it or proof of concept. Include screenshots or video if it will help your report.
  • If reporting a security bug, clearly demonstrate how the bug poses a threat to us or our users.

How to start Beta Testing Phase 1:

  • Create an account
  • Confirm your account by clicking the confirmation link you received in your email
  • Login and accept the Terms of Service to continue

Note: Your account will be loaded with virtual balances of Bitcoin, Ethereum, and USDC so you can test out the functionality. You will not be able to withdraw or deposit real funds into your account until Beta Phase 2 opens on August 16th. For testing purposes, we will only have two markets open for test trading ETH/BTC and BTC/USDC in Beta Phase 1.

What you should test:

If you’re not sure where to begin, we have compiled a list of standard functionalities we would like you to test. This list is not complete, there are other functionality you will have to find and test yourself without our guidance. Explore the Oodlebit platform, think outside of the box, analyze, test in ways no one else will, and receive rewards for reporting bugs!

  1. Account Functionalities
  2. Create an account
  3. Confirm an account
  4. Forgot Password reset
  5. Enabling / Testing on login / Disabling Two-Factor Authentication
  6. Changing interface Language setting to your language of choice.
  7. Edit Personal Info
  8. Change Email
  9. Change Password
  10. Email Login Notifications
  11. Session Timeout
  12. Change Master Pin
  13. Deleting your device
  14. Freeze Account (We recommend doing this last, as it will unfreeze after x time, or until you contact us to unfreeze your account)
  15. Logging out
  16. Affiliate Tracking
  17. Logging in from different location (This should lock your account, and send you an email to unlock)
  18. Logging in from different browser (This should lock your account, and send you an email to unlock)
  19. Try to login with incorrect password more than 3 times. This should lock your account for too many attempts, and you should be able to remove the lock instantly by resetting your password using the “Forgot password” feature.


  1. Wallets
  2. Search
  3. Hide Empty Wallets


  1. Transactions
  2. Cancelling Open Orders
  3. Test date range functions
  4. Search
  5. Export


  1. Markets
  2. Watchlist adding and removing
  3. Search
  4. Trigger Notifications


  1. Trade

Note: The trade screen is full of features and data. This is one of the most critical areas that needs the most testing. Analyze the data being displayed, make sure numbers and the data displayed to you makes sense. Make sure functionality works as it should. A good way to test this is to use the interface like you normally would on another exchange and see if it meets your expectations. Is something missing? Is something broken? Is the data displaying correctly? Is the interface functioning correctly?

  1. Place multiple trades with all order types, try placing trades against yourself, trade with other beta testers.
  2. Click in the order book and make sure its populating the field boxes correctly
  3. Quick percent buttons
  4. Day / Night Mode
  5. Watchlist add/remove
  6. News functionality, forward/back buttons
  7. Analyze Market History for discrepancies
  8. Watchlist and Markets – Search
  9. Watchlist and Markets – Change / Volume radio buttons
  10. Watchlist and Markets – Watchlist / Trigger notifications
  11. Cancel Open Orders
  12. Review Order History
  13. Test connectivity by shutting off your WIFI and see if the WebSocket reconnects without refreshing the page

Do not test list:

  • Buy Bitcoin
  • Verify Identity (KYC)
  • APIs
  • Deposit / Withdrawal

Happy testing, we will see all of you on Discord! https://discord.gg/t6yNX4Z

Beta testing dates announced

Hello everyone,

We’ll have two phases of beta testing that will pay Bitcoin and OODL coins for bugs found! Each beta phase will last a total of 15 days, for a total of 30 days beginning on August 1st. For maximum bug discovery beta will be open for everyone!

You can participate in the Oodlebit beta by joining our beta-testing Discord chat by clicking here: https://discord.gg/t6yNX4Z

Get Bitcoin for finding bugs:

General Participation Reward: To be announced.

Bug Report Rewards: We will pay Bitcoin and OODL coins depending on the severity of the bug reported. We will announce details on what a qualifying bug looks like, and how we judge the severity on August 1st.

Beta Phase 1 (Virtual), August 1st-15th 2019:

  1. Users can login with their Oodlebit.com account credentials, or create a new account.
  2. All accounts will be given virtual balances for all available coin assets. There will be no live balances in Phase 1 of testing.
  3. Deposits and Withdrawals will be disabled.
  4. KYC will not be required to test, as there will be no real cryptocurrency exchanging hands.

Beta Phase 2 (Live), August 16th-31st 2019:

  1. Users can login with their Oodlebit.com account credentials, or create a new account.
  2. Virtual balances will be cleared, and live balances will be enabled.
  3. Deposits and Withdrawals will be enabled.
  4. KYC will be required to use the platform.

Once all discovered bugs are fixed, we will transition the platform out of beta, and announce an official launch date, including a date when all OODL balances will be credited.

If you have any questions or concerns send us an email at [email protected] or join our Discord chat at https://discord.gg/t6yNX4Z

5 New Partnerships and Updates


With only a month left in the second quarter, we working very hard to finish up development, conduct a third party code audit, and start closed beta testing. While we still can not promise any dates we do have some exciting partnerships and updates to share with you today.

Live Server:
Our live server was successfully installed and is now fully up and running in an undisclosed co-location. This server will house the matching engine and more to seamlessly process our user’s trades.

Beta Testing:
We created a discord channel for our beta testers. If you applied to be a beta tester you should have received an email today with an invite link to the discord channel. While beta is still not open, we want to get all of the testers together so we can start active communication. If you want to become a beta tester send an email to [email protected] for an invite link.

We have been very busy building the partnerships Oodlebit needs to be a fully functional cryptocurrency exchange that will meet the expectations of our users.

1. Shufti Pro – Providing next generation end-to-end Identity Verification services. Oodlebit will use Shufti Pro to quickly verify and onboard new users.

2. CipherTrace – A blockchain forensics platform designed by world-class eCrime, Payment, and FinTech experts. Oodlebit will use CipherTrace for regulatory enforcement to stop criminal activity.

3. Simplex – A fintech company that provides worldwide fraud-free payment processing. Oodlebit users will be able to quickly purchase Bitcoin, Ethereum, and other top cryptocurrencies with their Credit Card or Bank Card. Purchased funds will typically show up within the user’s Oodlebit account within 30 minutes.

4. Prime Trust – A technology-driven financial institution that provides financial infrastructure solutions for the digital economy. With this banking partnership, Oodlebit users in select US states and Countries will be able to buy Bitcoin via Bank Wires. An official list of permitted locations will be available at a later date.


Oodlebit Exchange Buy Bitcoin With Credit Card or Bank Wire

5. Liquidity Provider – We established a partnership with one of the top liquidity providers in the world to make sure our books are full of orders from day one!

We are getting close to performing a full audit on our code base. We still have a few more functionalities to finish up before we can proceed, one being the Oodlebit API system. Once the API system is completed, we will feel comfortable with an audit being performed.

We promised more information about our Watchlist system in the last news release. The Watchlist is your own market pair favorite list and notification system to help you make better trade decisions. For example, If you’re frequently watching the ETH/BTC market pair you can add this to your Watchlist.


Oodlebit Watchlist

On the side of each market pair in your Watchlist is a gear icon, when clicked it pops up a box that allows you to create up to 20 Trigger Notifications based on your given metrics (Price, 24h Change %, 24h Volume). As an example, you could set a trigger to notify you when the Price of the ETH/BTC market is greater or equal to .04.

When a notification trigger is fired you will receive a message to your Notification Inbox and, or, your email address on file. Set your favorite mobile email client to notify you when you receive an email from Oodlebit and you will always know what’s going on in your favorite markets!


OODL coins:

Oodlebit OODL Coin
We want to remind all of you that Oodlebit has its own utility token “OODL” giving users reduced trading fees on the Oodlebit Exchange. You can earn OODL coins right now by joining our affiliate program here,  or you can learn more about OODL coins by clicking here.


We are getting closer every day to being able to give you a new cryptocurrency exchange that you will enjoy using. Thank you for your continued support, we hope you stay with us for the next update!

Oodlebit Exchange Second Quarter 2019 Update

Hello everyone, we are now in the second quarter of 2019 and we have made substantial progress since the last update.

By the end of April, the Oodlebit Alpha platform will be transferred from our test server over to our production servers bringing us one step closer to closed beta testing. Our closed beta will be invite only and will offer rewards in BTC and OODL coins for bug discovery and reporting. If you would like to participate in closed beta make sure to send us an email at [email protected] requesting an invite.

Before we open the closed beta test there’s still a good amount of development to finish up, this includes adding multiple language support, integrating a KYC system, finishing depositing/withdrawals, creating our user API, and more.

We understand everyone is anxious to see this project launch so we appreciate your ongoing support and patience as our team makes that a reality.

Today we will present you with a few screenshots taken from the Oodlebit Alpha platform showing our progress. (Make sure to click on the images to see full size versions).

Oodlebit Exchange Login
Oodlebit Exchange Login – Here you can see our Master Pin technology adding an extra layer of protection to your account. This key pad can not be key logged or sniffed, and is extremely difficult to record.
Oodlebit Exchange User Dashboard
Oodlebit Exchange User Dashboard – When you first login you will be met with your dashboard displaying your overall portfolio value, the latest cryptocurrency news, the performance of your individual coin assets, recent notifications, and activity.
Oodlebit Exchange Basic Trade Screen
Oodlebit Exchange Basic Trade Screen – This interface was designed for ease of use and quick trading. We’ve integrated news headlines specific to the market, a TradingView chart, an order book depth chart, an overall market history, your own market watch list with programmable conditions that will send you notifications when met (We will release an update on this in the future). Quick access to other markets and four order types to meet all your trading needs Limit, Market, Stop Limit, and Stop Loss.
Oodlebit Exchange Basic Trade Screen Night Mode
Oodlebit Exchange Basic Trade Screen Night Mode – For those of you that will be trading for long hours Night Mode will help take the strain off your eyes. You can turn this on by clicking on the Night Mode icon.
Oodlebit Exchange User Settings
Oodlebit Exchange User Settings – Here you can control the settings for your account, such as changing your email and password, viewing your login activity, change your default language and more.
Oodlebit Exchange User Security Settings
Oodlebit Exchange User Security Settings – This gives you a view into the available security options that are accessible within your security settings. Login Notifications, Short Session Times, Access Locking For Certain Pages, Master Pin, 2FA, Login Device control, and even the ability to Freeze your account until a set date so you can be sure your account is secure while your away.
Oodlebit Exchange User Wallets
Oodlebit Exchange User Wallets – Here you can view and manage your coin assets. We have made it easy to quickly search for your asset and hide all empty wallets.
Oodlebit Exchange User Transactions
Oodlebit Exchange User Transactions – This page holds all of your transaction history related to trading, depositing, and withdrawing. You can search for transactions by name and date, and export them to a CSV file.
Oodlebit Exchange User Notifications
Oodlebit Exchange User Notifications System – We built out a notifications system to keep you informed while using our platform. Trades, Deposits, Withdrawals, Support Ticket Updates, Admin Messages, and more will be sent to you via our notification system alerting you with a non-invasive pop up box and message count in the top right corner of the navigational menu. The more important notifications will be followed up with an email.
Oodlebit Exchange User Wallet Quick Access Example
Oodlebit Exchange User Wallet Quick Access Example – By hovering your mouse over the Markets or Wallets link you will be met with a Quick Access box that will give you the full functionality of those pages without navigating away from your current screen.

If you have any suggestions or ideas that will help make this a better platform for you please let us know on our Telegram chat t.me/oodlebit or send us an email at [email protected]

Additional Questions and Answers:
1. Was there an ICO and what is the price of OODL coins?
We did not have an ICO. We are distributing our OODL coins through the Oodlebit affiliate program and through other promotions. Only around 10-20 percent of 100mm has been distributed so far.

2. When can I withdraw and trade my OODL coins?
Once we open the Oodlebit exchange your balance will be present in your Oodlebit account. You will then be able to withdraw and trade your balance after completing KYC.

3. When will you distribute Airdrop bot coins

Even thought the Telegram Airdrop bot is still available, the Airdrop has been over for months now, we have made multiple announcements. No coins will be distributed from the Airdrop bot any more.

Thank you for your continued support and stay tuned for our next update!


Oodlebit exchange progress report 2019

We are now halfway into the first quarter of 2019 and with that being said we have been receiving many questions that we would like to address today.

Telegram Airdrop Bot:
This bot might appear to still be functioning on telegram but the airdrop has been over for a long time. Referrals generated in the airdrop bot will not reflect in your Oodlebit.com account. You can only earn OODL coins by logging into your account on oodlebit.com and sending friends and family to sign up through your affiliate program tracking link. We have a very lucrative reward system for you to earn lots of OODL coins!

Exchange Development:
* Our core components that make up the Oodlebit exchange platform are now in Alpha testing. As an example the trade engine is functioning at high capacity handling near half a million transactions a second with the ability to scale vertically when required.

* Our master pin technology has been upgraded to thwart an uncommon, but possible attack in where a malicious actor could steal a user’s pin if their computer was ever compromised with sophisticated software.

* We got rid of the dated hot wallet architecture and built a one of a kind wallet system called W.A.S.P for handling deposits, withdrawals, and the storage of user funds.

The Wallet Arbitrator and Secure Protection program, or W.A.S.P, is the latest in wallet security. We removed the risk of a hot wallet while keeping all its benefits in terms of avoiding slow manual withdrawals from a cold wallet. The WASP does a few key things different than other exchanges.

Our user’s funds are kept in an undisclosed secure location away from the exchange platform itself and never accessible to the outside world. The server in which W.A.S.P and wallets reside have all incoming connections turned off or blocked.

The W in WASP stands for wallets which are self-explanatory. We will house our crypto wallets and they will be utilized by the WASP.

The A stands for the arbitrator. The WASP will act as an intelligent AI that will gather withdrawal and deposit requests and validate them utilizing AI to look for any maleficient withdrawals and invalidate them. It will also safeguard the server as well monitor all internet traffic. If at any point there is malicious activity captured on the server it will immediately shut all wallets down and notify top-level employees preventing theft of funds. AI has come a long way, and it now allows us to mimic the abilities of a top security expert monitoring our servers around the clock without a second of rest.

The Secure Protection is something that piggybacks off the arbitrator AI. It learns and monitors everything while adapting as new security standards emerge. This system also has full text and email notification system for top-level employees. Fund transfers can be halted quickly in the event of extreme circumstances such as forced theft attempts through kidnapping.

Besides our sophisticated WASP system, we utilize standard forms of security to maintain good practice. Wallets are strongly typed password encrypted, and all wallets have separate passwords. Multi-signature recovery and company architecture procedures are in place in the event that top-level employ(s) die or are incapacitated.

We are still pursuing licensing on a state by state basis in the USA. At launch, we anticipate to be able to serve customers in around 12-15 US states, and increase that number as we go. Apart from the USA, we will be serving most international countries, an official list will be published closer to the launch of the Oodlebit exchange.

Additional Updates:
* Oodlebit will be available in multiple languages at launch to not only serve our English speaking customers but our international customer base as well.

* We are working on accepting credit card and wire payments to allow our customers to quickly purchase Bitcoin directly through the Oodlebit exchange. This may or may not be available at launch.

Common Questions:
1. Was there an ICO and what is the price of OODL coins?
We did not have an ICO. We are distributing our OODL coins through the Oodlebit affiliate program and through other promotions. Only around 10-20 percent of 100mm has been distributed so far.

2. When can I withdraw and trade my OODL coins?
Once we open the Oodlebit exchange your balance will be present in your Oodlebit account. You will then be able to withdraw and trade your balance after completing KYC.

3. When will Oodlebit exchange open?
We are aiming to open towards the end of March 2019. However, this is not a guaranteed launch date. We will not hesitate to delay the launch for anything that might jeopardize the security of the Oodlebit exchange. Proper security audits, beta testing, and bug bounties must be performed before we open our doors to the public.


Thanks for reading!