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:

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 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 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

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 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!


October 2018 News Report

In Short

In the last month, current cryptocurrency trends have continued with the overall market dropping from 223.2B to 203.4B according to CoinMarketCap. Bitcoin has dropped from $6619 too roughly $6323. Cryptocurrency projects and companies have continued to boom however though with many new innovative ideas/projects still coming to light which makes the future of cryptocurrency bright.


Bitcoins White Paper is now 10 years old

October has celebrated the 10th anniversary of the original Bitcoin whitepaper. The original paper can be read here and was written by Satoshi Nakamoto who as we know is anonymous. Bitcoin has given a chance for people to compete with centralized financial services such as banks, and allow for a global digital currency. Although Bitcoin has changed since its first paper release in 2008, it has survived and boomed to a peak of roughly $19,000 USD. Bitcoin has come a long way and will continue to grow and work with innovative applications as the market has called for change.


Bank of America lanches a new blockchain patent

On October 30th Bank of America announced its plans to move its private key storage forward. The patent states the reasoning is such that “A need exists for a secure means for storing private cryptography keys. The desired storage means should reduce the risk of misappropriation of keys due to the keys being stored internally within a computing node that is frequently or, in some instances, continuously accessible via a public communication network, such as the Internet.” This is very important for blockchain technology as Bank of America, although a centralized company shows signs of real world use and application. Security has always been a concern in the blockchain/cryptocurrency market and so BoA could actually make some good advancements if they are able to complete what they aim to. Oodlebit which is launching in early 2019, is also taking the initiative of prioritizing security.

Coinbase Cuts Employees

According to Yahoo Finance Coinbase has recently cut an undisclosed amount of workers in the customer support, compliance, and fraud departments. Cryptocurrency exchanges should pride themselves on customer support which has been an issue with past exchanges like Poloniex. Fraud detection and compliance is also a big challenge for cryptocurrency exchanges as regulation has recently been a huge concern. So by cutting some important roles, Coinbase is going to face many challenges moving forward. At Oodlebit we want to put the customer first, and so we offer state of the art customer service that is dedicated to supporting any needs.

Possibly a new Hardware wallet


On October 23rd, Sony announced plans to create a new hardware wallet that could have many new use cases. The smart card technology would be able to communicate with Bitcoin and allow for safer transactions when dealing with it. This isn’t the first time Sony has worked in the blockchain sector, Sony has launched two different patents. (1 and 2 ) It is not guaranteed that Sony would launch a cryptocurrency product since it has not publicly announced, but if Sony does decide to launch the product it would greatly increase the utilization of cryptocurrency.

September 2018 News Reports

In short

September has been a very active month for cryptocurrencies, as prices have seemed to be soaring rapidly in both directions. Regulation seems to have been moving at a slightly slower pace which is typical, and some big fortune 500 companies have announced plans to develop blockchain experiments.


Austria and Ethereum

On September 25th Kleinezeitung announced that the Austrian government will be using the Ethereum blockchain to facilitate the opening of over $1,000,000,000 worth of purchasable government bonds. The Oesterreichische Kontrollbank or OeKB bank plans on opening this transaction. This news is very important because it shows the interest in blockchain technology as financial instruments being used by top global banks. In order to grow the advancement of cryptocurrency, institutions need to be adopting the technology and so this is certainly a good step in the right direction.

Wall street Journal Study


On September 28th the Wall street Journal conducted a study which found that over $88,000,000 of illegal funds have been exchanged through cryptocurrency exchanges. The Wall Street Journal conducted their study by looking at over two thousand “blacklisted” addresses and then following the links between the transactions. There are a number of different problems that could arise from this experiment though, one being the purchase of legal goods. If a hacker has stolen 1 BTC and then sends it to a vendor which in return sends the coin to an exchange after sending the product/service to the hacker. The money is not being funneled or hidden using an exchange, but rather being traded legally at that point. So the extent to which the coins are used is not clearly defined. Using exchanges to facilitate illegal transactions has been proven to be minimal, with regulatory laws such as the KYC/AML. At oodlebit we take the regulatory laws very seriously and you can check out our policies and procedures on our website.



Regulatory Clarity needed

CNBC reported that members of the United States Congress are asking for more clarity around cryptocurrency regulatory practices/rules. These regulatory clarifications are not simply aimed at Bitcoin, but all cryptocurrency as Congress has identified the practice of ICO’s and other forms of cryptocurrency coins/tokens. Different government entities classify bitcoin and other cryptocurrencies differently, like the IRS, CTF, CFTC and SEC all have different ideas. This puts businesses and customers wondering what will actually happen to cryptocurrencies from a regulatory state. It is good that some sort of regulatory urgency coming from Congress at trying to understand the exact classification of cryptocurrency since it is damaging everyone who is involved.


Get in Touch

Follow our progress and updates on Twitter, Facebook and Telegram

Oodlebit does not participate in proprietary trading


Our Commitments

At Oodlebit we are a peoples exchange, and so we pride ourselves with being open and transparent. In order to comply with our values, we would like to make it clear that in no way shape or form do we proprietary trade. The foundation in which the exchange was created on, are still core and principal values that have continued and will be honored.

Read: Our commitments are important, read more about what we are prioritizing.


Investopedia defines proprietary trading as

when a firm or bank invests for its own direct market gain instead of earning commission dollars by trading on behalf of its clients. This type of trading occurs when a firm decides to profit from the market rather than from the thin-margin commissions it makes from processing trades.

Oodlebit is an exchange in which allows customers to find buyers on a liquidated platform. Oodlebit helps facilitate the trades between different cryptocurrency pairings and does not trade any money for the benefit of the company. So in short, Oodlebit will not be making any proprietary trades or trades against customers. Money avenues that are earned will be directly outlined and transparent, available for all customers to read. When trades are completed and executed they are done so after an order from a customer has been made.



Get in Touch

Follow our progress and updates on Twitter, Facebook and Telegram

Introducing our Commitments

Our priority at Oodlebit is to create an open global market for crypto assets. We know that in order to do this, we are going to have to work with many different customer needs. This is why we have been busy creating advanced charting tools and the latest financial API’s to ensure you have the best experience.


Today, we will discuss Oodlebit’s commitment to community members all across the world.


Priority One: Create a fair and working environment to trade


Our Steps:

  • Launching a Fast trading platform with multiple liquid trading pairs such as Bitcoin, Litecoin, and EOS among others
  • Fair Trading Fees with OODL coin benefits
  • Hiring talented and motivated C# developers

Priority Two: Protecting customers with advanced security protocols, and good infrastructure practices.

Our Steps:

  • Offering multiple personal security measures such as Master Pins, and 2FA authentication
  • Monitoring suspicious activity using powerful software development applications, such as unusual trading patterns, unusual withdraws, and other malicious activities.
  • Saving automatic backups of our data, and saving it in multiple locations for safe keeping.


Priority Three: Communicating Clear and Precious Rules

Our Steps:

  • Publishing educational content surrounding our fee structures
  • Staying consistent on social media and updating the community with new integrations or problems
  • Recording all problems that occur with the trading application or uptime of any application
  • Publicly announcing rules regarding prohibited trading practices
  • Promote an active list of Company Policies and Procedures(Including Insider Trading Policies)

Get in Touch

In an ongoing effort to expand and grow our exchange, we are giving away 50 OODL coins with 60 days of free trading to the first 30,000 users. Visit to learn more about our amazing offers.

Follow our progress and updates on Twitter, Facebook and Telegram.


A cryptocurrency downtrend might not be bad

According to CoinMarketCap the cryptocurrency market lost a collective $11,420,496,785. This might seem devastating at $11B is a lot of money even in a market like cryptocurrency. However, there are many positives that are coming out of the cryptocurrency market.


One thing to take a look at is the recent ICO funding trend which is currently mooning, new projects are still entering the market every single day. This shows that creating blockchain startups is still profitable and that dapps or decentralized applications are still of value. With the creation of ICO’s and decentralized applications, news projects have been able to appear and it is apparent that people are still interested in investing in startups.

Often times people will look at cryptocurrencies and shame it based on its volatility. Many known traditional investors warn others to not get involved into cryptocurrency because of this. Cryptocurrency is a very speculative market, however, when someone doesn’t understand something they oftentimes pin it to something they do know. So outside investors might look at cryptocurrency as a stock, and many will say cryptocurrency is in a bubble or over evaluated. On July 26th, 2018 Facebook’s stock saw a drop from $217 to $174. This is important because it shows that even traditional investments in “safe” companies can have violent swings. Facebook does have their stock tied to the company’s earnings however it yields a high P/E ratio. This makes an investment in Facebook even more speculative because the stock’s value is coming from innovations or partnerships that have yet to exist. Many features of the stock market are criticized that the cryptocurrency market potentially fixes like the cost of premium stocks, and pre IPO investments.


Cryptocurrency like other innovative technologies and assets need time to adopt. In order for cryptocurrency to become adopted, more projects need to enter the market and build platforms that can be utilized with the benefits of blockchain technology. This means more companies are going to need to accept payment assets like Bitcoin and more decentralized platforms will need to run on assets like Ethereum in order to make the cryptocurrency space scale. This comes at a number of different avenues including building on the actual blockchain themselves and developing more efficient ways to scale and perform.


Cryptocurrency is slowly developing and working towards mass adoption, but can’t get there without good development. When prices jump the gun without the advancement of the underlying technology downtrends occur. In times of downtrends, more coins can be purchased at lower prices which will, in turn, make a profit if the market for that asset recovers. If cryptocurrency is to be the future then the prices day to day won’t matter to those who are investing in the technology and are supporting its value long term.


Our Commitment


A huge barrier to entry is the exchange market and the usability of transferring ownership between people whether it be buying or selling orders. If cryptocurrency is going to be adopted it needs to start with the usability, and people need to be able to exchange seamlessly without faulty problems. Bad technology and usability will drive more people away from getting into the market, and poor security and mismanagement of user funds will cause more people to leave the market. At Oodlebit we strive to push the innovation and drive for cryptocurrency because it starts as a passion for us. We believe in cryptocurrency and want a safe and trusted platform to help facilitate trades.


Get in Touch

Follow our progress and updates on Twitter, Facebook and Telegram.

Making a good cryptocurrency exchange

A cryptocurrency exchange is a medium that allows users to facilitate buy and sell orders. The exchange site can facilitate these trades using fiat pairings and use liquid cryptocurrency assets like Bitcoin and Ethereum. These transactions come at a cost and normally are set in a progressive fee bracket which allows the exchange to make a profit and run its service.


A recent article on Coinsulta explains what traits to look for when searching for an exchange. Currently, hundreds of different exchanges exist that are producing millions of dollars in transactions a month. Cryptocurrency has been on a steady incline ever since Bitcoin was mined in 2009. In a market that is growing at a fast pace like cryptocurrency one might think the technology and exchanges that are facilitating these trades are advancing and growing as well. In our last blog, we explained how the exchange market hasn’t really changed much and hacks and exploits are getting more and more frequent.


What to Look For:


Ease of Usage

The first important thing to look for in an exchange is the ease of usage, some exchanges are hard to operate and sometimes the user might end up sending cryptocurrency to the wrong addresses because of the confusing UI. If cryptocurrency adoption is going to occur everyone needs to be able to access these exchange platforms without hours of learning. Which is why at Oodlebit we have taken the initiative to make the exchange platform easy for anyone to understand and start trading within minutes, with tools available for more advanced users to keep everyone active.


Security of Funds


As we have seen in countless exchanges in the past that were in control of millions, security hasn’t always been a top priority. This gives a bad taste to others who are on the fence about getting into cryptocurrency and is hurting the users that are involved in cryptocurrency directly. Most of the cryptocurrency hacks/exploits could have been avoided and the carelessness of private keys was astounding. Oodlebit has a strict policy on security and is transparent with our users with our policies and handling procedures.  Two Factor authentication will be available for everyone accessing the platform to ensure an extra layer of security. Our advanced system will monitor unusual activity, including log in location, trading patterns, and other activities. Cold storage’s are often used lightly on exchanges, and store a small percentage of the funds. However, at Oodlebit a majority of user funds will be safely secured in cold storage wallets.


When dealing with user funds, exchanges should act seamlessly and run smoothly to give the users the best experience possible. Unfortunately, that is not always the case with the top exchanges. Having near perfect up time is something that Oodlebit strives for and maintain innovating trading software/tools is something that we pride ourselves over. In order to give a good performance and first experience, we are giving away 50 OODL coins with 60 days of free trading to the first 30,000 users. Our customers and their loyalty are priceless and to show our continued support to the community we are always running promotions/events to engage the community that we share.


Oodlebit believes in low fee trading in order to boost performance, and when trading personal funds the users should have fair fees. This is why we are committed to competitively pricing our fees to other exchanges.


Get in Touch

Follow our progress and updates on Twitter, Facebook and Telegram.

History of cryptocurrency exchanges

Cryptocurrency exchanges have been a very important aspect to the community and economy. Exchanges have helped millions of people transact with their favorite assets whether it was a buying or selling facilitation. According to CoinMarketCap the total market value is pushing $300,000,000,000. In an enormous market like this, one might think simple standards like high liquidity, internal audits, fair fees, and good customer support is an industry practice. However, it all started in 2014 with the rising prices of Bitcoin, when greed and thoughtlessness took place.



February 2014, exchange giant Mt. Gox files for bankruptcy stating that 850,000 bitcoins were stolen and are unable to pay back creditors. Fraud and severe mismanagement of funds belonging to the users of the platform clouded over Mt. Gox. To this day people are still waiting to receive their liquidation share from the disaster.


Fast forwarding to January 2015 the exchange Bitstamp which was a direct competitor of Mt. Gox, was hacked resulting in a loss of over $5,000,000. The amount stolen was far less than Mt. Gox however, the way in which the coins were stolen was outrageous. Bitstamp executives were phished with concert tickets and other fake email requests.


August 2016 Bitfinex made history with the second largest cryptocurrency exchange hack with over $70,000,000 stolen. There are many critics with this hack since accounts that were not affected directly got 36% of their funds automatically exchanged for BFX tokens. (BFX tokens were held in place for Bitfinex to payback customers ) The unique hack was able to occur with the help of the mismanagement in their multisignature wallet which was blindly signed when API keys were hacked to send off 120,000 bitcoins.


July 2017 exchange site BTC-E was fined $100,000,000 while the owner Alexander Vinnik was arrested on the accusation of laundering more than $4,000,000,000. Some reports also suggested that 95% of ransomware attacks were sifting coins through BTC-E. Alexander Vinnik was named in connection to the Mt. Gox hack which resulted in a net loss of $2.2B. Users on the platform were given a choice after a few weeks to either take a native token ( similar to that of Bitfinex) or take a large percentage loss of their tokens.


Most of these hacks and exploits occurred because private keys were misplaced and carelessly managed. Exchanges should be a safe place for users to transact, and if cryptocurrency is to go mainstream this is essential. Cryptocurrency technology has allowed companies to avoid a lot of traditional financial barriers, however traditional business strategies in security and internal control should not go ignored.


A New Standard Has Been Created



oodlebit crypto exchange

Which is why in 2018 Oodlebit, the next generation exchange that aims to take care of funds and keep security a priority was created. In a market where private keys have been misplaced, and executives have fallen for email phishing attempts, we are confident to take customer experiences to the next level. Customers will be given top support as deserved since a community without users isn’t one at all.

Get In Touch

In an ongoing effort to expand and grow our exchange we are giving away 50 OODL coins with 60 days of free trading to the first 30,000 users. Visit to learn more about our amazing offers.