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Follow the Oobit blog for product awareness, basic knowledge of digital currencies, useful guides and the latest crypto news.

Top 5 Gold Backed Cryptocurrency

Top 5 Gold Backed Cryptocurrency List

Following the mass market crash in 2020 many investors took their money from traditional stock markets and instead redirected their investments to gold and cryptocurrencies. It was only a matter of time before these two worlds merged, accentuating each other’s benefits. Let’s take a look at this top 5 gold […]

Blockchain In Banking

Blockchain In Banking

Since the launch of Bitcoin, blockchain technology has been a greatly admired addition to the tech space. The technology provides a trustless backbone to the decentralized nature of cryptocurrencies, while also being universal and versatile enough to be implemented into industries beyond that. We’ve covered blockchain in retail and blockchain […]

How Long Does It Take To Mine 1 Bitcoin

How Long Does It Take To Mine 1 Bitcoin?

With the cryptocurrency industry booming and investor interest at an all-time high, many people are looking to understand more about cryptocurrency at the forefront of it all. Whether looking to buy or just curious as to how this nascent cryptocurrency works, there is a lot to learn about Bitcoin and […]

Why Bitcoin Is Not A Bubble

Why Bitcoin Is Not A Bubble

If you’ve been involved in the crypto markets recently you will have witnessed the new found highs that Bitcoin has ascended to. The incredible bull run of last year appears to have spilled into the new year and there’s no stopping it now. After the last bull run of similar […]

How many cryptocurrencies are there

How many cryptocurrencies are there

With new cryptocurrencies popping up daily, it is hard to keep track of how many cryptocurrencies are there. While the entire market fluctuates as it goes, recently passing the $1 trillion market cap was an excellent milestone. Let’s dive into this piece looking at the exact number of cryptocurrencies there […]

Ethereum vs Ethereum Classic

Ethereum vs Ethereum Classic

Whether you’re new to crypto or have been in the game for a while, you’re likely to have come across these two cryptocurrencies. While they sound very similar there are some ideological differences between the two. Before we begin comparing Ethereum vs Ethereum Classic, we’ll give you a look into […]

Masternode

What Is A Masternode In Cryptocurrency

As you continue learning about the cryptocurrency industry, with each new layer peeled off comes new sets of terminology. Today we’re uncovering what is a masternode in cryptocurrency to assist you in widening your crypto knowledge, and in the process your horizons too.  What Is A Node? Before we get […]

Bitcoin Scams

What Are Bitcoin Scams And How To Avoid Them

With the increase in Bitcoin’s value, the industry has also witnessed an influx of Bitcoin scams. In an industry filled with new users still learning to navigate the space and semi to light regulations, it creates a breeding ground for scammers. Let’s take a look at what are Bitcoin scams […]

Buy Bitcoin

When Should I Buy Bitcoin?

After the phenomenal year that Bitcoin displayed last year, many investors are looking to enter the market. While the word on the street is that you “should’ve bought a year ago, but the second best time is now”, many are left wondering, “when should I buy Bitcoin?”. We’re here to […]

How To Decide Which Cryptocurrency To Buy

How To Decide Which Cryptocurrency To Buy

Considering the incredible gains witnessed by investors, there is no better time than the present to start investing in cryptocurrency. Whether you’re looking to build your portfolio from scratch, or add a few new ones to your already established one, we are here to help. With over 8,400 cryptocurrencies available, […]

Where Can I Spend Ethereum?

Where Can I Spend Ethereum?

Ethereum may be the home of dapps, smart contracts and DeFi, but as it centres around blockchain transactions being executed it can also be used as a payment method. While this wasn’t one of the founding team’s core intentions, it still is a a option. With so many ways to […]

How High Can Bitcoin Go?

How High Can Bitcoin Go?

With Bitcoin’s incredible year last year and hitting a new all time high in January 2021, many are wondering how high can Bitcoin go. We’ve taken a dive into some interesting looks at the future of Bitcoin, and where the price could possibly go. We’ll be covering the age old […]

How Many People Own Bitcoin?

How Many People Own Bitcoin?

In recent months we’ve not only seen the Bitcoin price increase, but the adoption rates too. During the market crashes instigated by the Covid-19 pandemic, many investors took their money from traditional stock markets and put it into Bitcoin as a hedge. Little did they know, Bitcoin then began an […]

How To Read Crypto Charts

How To Read Crypto Charts

If you’re new to the crypto and trading industry, then reading crypto charts might sound like an intimidating aspect. That’s why we’re here to help you learn how to read crypto charts and understand the terminology. We’re covering different charts and how to read them along with a beginner’s guide […]

How Long Does Bitcoin Take To Send

How Long Does Bitcoin Take To Send

Many people are looking at Bitcoin as both an investment option and a method of payment these days. We know that Bitcoin offers a faster and cheaper method when sending money overseas, but just how long does Bitcoin take to send? While there is a lot of different information out […]

Buy Ethereum

Should I Buy Ethereum? Make An Informed Decision

Since the recent bull run across most cryptocurrencies many people are looking to enter the digital currency market. Deciding which cryptocurrency to buy and when to buy it can be confusing and time consuming to work out. We’re here to help you in answering the more prevalent question, “should I […]

Top 5 Bitcoin Casinos in 2021

Top 5 Bitcoin Casinos in 2021

If you’re looking to enter the highly entertaining world of crypto casinos, you’ve come to the right place. In this top 5 Bitcoin casinos in 2021 piece we’re shedding light on the best ones to play at this year. Looking at factors like security, reliability, fairness, these top 5 Bitcoin […]

How To Find Lost Bitcoins

How To Find Lost Bitcoins or Lost Bitcoin Wallet

If you’re into Bitcoin, it’s very likely that you’ve come across many stories of people that have lost Bitcoin, oftentimes worth millions of dollars. While there are only a few ways to lose your Bitcoin, it does happen, and it’s not pretty. We’re going to run you through how to […]

Why Crypto And Video Games Are A Match Made In Heaven

Why Crypto And Video Games Are A Match Made In Heaven

Video games have long since had a relationship with chasing money. From the early days of mustached Mario running through tunnels bopping as many gold coins as possible, to an extraterrestrial hedgehog chasing gold rings, evolving to buying cosmetic updates on wildly popular battle royale games. As we enter a […]

What Is Ethereum (ETH)? A Guide For Beginners

What Is Ethereum (ETH)? A Guide For Beginners

Like many, you might have heard about Ethereum but haven’t quite got your head around it. Join us as we guide you through everything you need to know about the second largest cryptocurrency, from what is Ethereum (ETH) to how it works, its use cases and how you can get […]

5 Ways To Avoid Phishing Scams

5 Ways To Avoid Phishing Scams

The past few months have seen the cryptocurrency market gain enormous momentum and both widespread media coverage and adoption. As prices continue to soar, many investors have entered the market looking to join the unbelievable bull run that has rolled into 2021. Unfortunately, so too have many bad actors looking […]

Why Bitcoin Is An Excellent Store Of Value

Why Bitcoin Is An Excellent Store Of Value

Chances are you’ve heard of many people investing in Bitcoin and then sharing stories about the incredible returns they’ve made. While some investors have done well to enter and exit the market at the right times, extreme returns aren’t always accessible. Aside from using Bitcoin as a payment method, Bitcoin […]

Blockchain Integration In The Food And Agricultural Sectors

Blockchain Integration In The Food And Agricultural Sectors

In our next installment of blockchain integration outside of the financial sector, we’re swapping luxury goods for farming practices. We’ve heard that the nascent technology is proving itself to be a viable asset in any industry, join us as we uncover blockchain integration in the food and agricultural sectors.  How […]

How To Buy Ethereum (ETH)

How To Buy Ethereum (ETH)

Ethereum is not only the second largest cryptocurrency when it comes to market cap and influence, but also is the backbone of the wildly popular DeFi movement. In 2020 the cryptocurrency saw gains of over 470%, and continues to scale through the charts with impressive returns and use cases. Looking […]

The Latest Blockchain Trend Is To Go Green

The Latest Blockchain Trend Is To Go Green

The inevitable drive towards renewable energy finally reached a crescendo this past year. In June, The International Renewable Energy Agency (IRENA) reported that it would be contesting the title of being the cheapest source of energy generation even when unsubsidized. Pushing the narrative that the latest blockchain trend is to […]

12 Practical Ways To Make Money With Crypto In 2021

12 Practical Ways to Make Money with Bitcoin in 2021

With everything that happened in 2020 it’s no surprise that people are looking for alternative avenues of income. Now is the chance to start the year off fresh and empowered and make some extra money from the original cryptocurrency. To celebrate financial empowerment and twelve years of cryptocurrencies, here are […]

Cryptocurrency Market Cap Hit $1 Trillion

Cryptocurrency Market Cap Hit $1 Trillion

As Bitcoin soared to great new heights in the most recent bull run, it took much of the crypto market with it. With Bitcoin holding over 60% of the market share and hitting one all time high after the next, traders witnessed another new record. For the first time in […]

What Determines If A Cryptocurrency Is A Security?

What Determines If A Cryptocurrency Is A Security?

With Ripple entering the news over its lawsuit with the U.S. Securities and Exchange Commission (SEC), the cryptocurrency associated with Ripple, XRP, has tumbled almost 25% overnight. At the core of the suit is a misleadingly simple question: Is XRP a security? Join us as we dive into a question […]

Bitcoin (BTC) Price History And Predictions For The Future

Bitcoin (BTC) 2021 Predictions And Beyond

With Bitcoin hitting new all time highs left, right and centre these past few weeks, it feels as good a time as any to look into Bitcoin (BTC) 2021 predictions and beyond. We’ll also include a recap of the past year’s price movements. Wondering if it is still worth investing […]

What Is Bitcoin Cash (BCH): The Complete Guide of 2021

What Is Bitcoin Cash (BCH): The Complete Guide of 2021

There are many cryptocurrencies with the word Bitcoin in the name, and you may be wondering what they have to do with the original cryptocurrency. Bitcoin Gold, Bitcoin SV, Bitcoin Diamond and even Bitcoin Cash are not the original Bitcoin, but most of them possess the original Bitcoin foundations. So, […]

Top 5 Bitcoin (BTC) Wallets in 2021

Top 5 Bitcoin (BTC) Wallets in 2021

As many new investors enter the market place, we thought it would be constructive to share the top 5 available Bitcoin (BTC) wallets in 2021. Bitcoin wallets are unique to the industry and offer users a place to digitally store their cryptocurrencies. Not all wallets are created equal though, so […]

cryptocurrency tax

Understanding Bitcoin, Cryptocurrency And Tax

Compared to other currencies and commodities around the world, Bitcoin is incredibly young. Having only been around since 2009, in the 11 years since its inception people are still trying to get to grips with not only the cryptocurrency industry as a whole, but the regulations and tax requirements too. […]

10 Cryptocurrencies Set To Explode In 2021

10 Cryptocurrencies Set To Explode In 2021

As we continue enjoying the bull run we’re currently experiencing, many investors are looking toward the next one wondering which cryptocurrencies are likely to bring about good returns. With some industry knowledge, we’ve put together a list of 10 cryptocurrencies set to explode in 2021. Get stuck into the list […]

Top 10 Ways To Keep Your Crypto Safe

Top 10 Ways To Keep Your Crypto Safe

It is always a good idea to keep your crypto safe. With the current crypto boom and Bitcoin hitting its new all time high – it’s an even better time. While cryptocurrencies themselves are difficult to hack thanks to the powerful blockchain technology behind them, where you store them is […]

The VC Firms Investing In Blockchain And Cryptocurrencies

The VC Firms Investing In Blockchain And Cryptocurrencies

With the recent all-time highs achieved by Bitcoin, the spotlight has once again fallen on blockchain and cryptocurrencies as a technology that has the potential to transform the future. Although Bitcoin is indisputably the king when it comes to price, many other cryptocurrencies are being developed everyday that may have […]

Bitcoin Rally Was Fuelled By Retail Investor Hype

Bitcoin Rally Was Fuelled By Retail Investor Hype

As the Bitcoin rally slows to a halt and begins to show signs of retreat, many are still scratching their heads regarding the possible reason behind Bitcoin’s incredible run. The cryptocurrency reached just over $19k – an almost 45% increase from a month ago. Since then, the immensely valuable cryptocurrency […]

How Ethereum Gas and Transaction Fees Work

How Ethereum Gas and Transaction Fees Work

For anyone outside of the Ethereum network, phrases like gas limits and gwei sub-units might sound completely foreign. Well, they are. Today we’re uncovering how Ethereum gas and transaction fees work, and give you a glimpse inside the inner workings of the second biggest cryptocurrency. Let’s start at the beginning. […]

Comparing Cryptocurrencies Transaction Times

Comparing Cryptocurrencies Transaction Times

When talking about cryptocurrencies transaction time, we’re referring to the amount of time it takes for a network to verify and execute a transaction. When it comes to timing, no two cryptocurrencies are the same. While one might be faster, the other might offer better rates. Join us in comparing […]

Ripple (XRP) Price Predictions for 2021 And Beyond

Ripple (XRP) Price Predictions for 2021 And Beyond

With 2020 almost behind us, it’s time to look ahead. What better way to do so than with price predictions! In today’s piece we’re going to be shining the spotlight on Ripple (XRP) price predictions for 2021 and beyond. Strap yourselves in, it’s going to be an interesting ride.  What […]

39,000 ETH Already Locked In Ethereum's ETH 2.0 Upgrade

39,000 ETH Already Locked In Ethereum’s ETH 2.0 Upgrade

Ethereum has seen its own rally alongside Bitcoin. The launch of the deposit contract on 5 November formally kickstarts the transition process for ETH 2.0, a specification of Ethereum that will allow Proof-of-stake consensus as an alternative to Proof-of-work. Users need to deposit a minimum of 32 ETH to participate […]

8 Most Common Crypto Misconceptions

8 Most Common Crypto Misconceptions

Since the advent of cryptocurrencies in 2009, the industry has gone through many stages of adoption. First, it was popular among computer developers in chat rooms, then it became known to people in tech sectors and investors before propelling itself into mainstream media following the boom in 2017. Now, as […]

Regulations Could Empower The Crypto Industry

How Regulations Could Empower The Crypto Industry

Cryptocurrencies are renowned for their decentralized nature and the fact that there is no central authority in control. The financial freedom aspect of it is a huge draw card, knowing that no one can freeze your account or control your money. As cryptocurrencies gain popularity and increased adoption, many organizations […]

The Pandemic Propelled Bitcoin Adoption Rates

The Pandemic Propelled Bitcoin Adoption Rates

Since Bitcoin’s advent in 2009, people have been granted the freedom to manage their finances outside of banks. Using cryptocurrencies as opposed to fiat currencies alleviates their dependence on the government or large financial corporations. This in turn protects their funds from political policies that affect the fiat value or […]

Australia Is The Latest Country To Tap Into CBDCs

Australia Is The Latest Country To Tap Into CBDCs

With growing popularity and increasing global interest, Australia is the latest country to tap into CBDCs. The country has announced that they have partnered with several banks to explore the idea of releasing a digital currency pegged to their Australian dollar. Discover what CBDCs are and how Australia is tapping […]

Blockchain Integration Into The Retail Sector

Blockchain Integration Into The Retail Sector

Since Bitcoin was released in 2009, blockchain has been a new addition and firm fixture in the tech space. With trustless and transparent functionalities, the technology has proven to be universal and has been slowly integrating itself into new sectors. Since establishing itself in the financial sector, it’s time to […]

November’s Bitcoin Rally Surges BTC Past $15,000

November’s Bitcoin Rally Surges BTC Past $15,000

November 2020 kicked off with much excitement. The US was in the middle of finalizing its presidential elections, Ethereum confirmed the release of the deposit contract, and perhaps the most interesting of all, Bitcoin crossed the $15,000 mark. Gaining over 50% compared to a month prior, this put Bitcoin in […]

What Is The Long Term Potential Of DeFi?

What Is The Long Term Potential Of DeFi?

There’s been much speculation in the industry of late concerning the long term potential of DeFi and whether it is going to fail. As many people are making money fast with little consequence, many in the industry have taken notice and are starting to wonder whether Decentralized Finance (DeFi) a […]

What Does Biden’s Win Mean For Bitcoin And Cryptocurrencies?

What Does Biden’s Win Mean For Bitcoin And Cryptocurrencies?

As Biden wins the election to become the 46th president of the United States of America, it’s worth looking into what the Biden-themed presidency will mean for cryptocurrencies, blockchain and Bitcoin. We’ve listed out the possible for-or-against possibilities that Biden brings to the table below, as we contemplate what does […]

Freelancers Are Now Choosing To Be Paid In Crypto

Freelancers Are Now Choosing To Be Paid In Crypto

As the world shifts into a new age of work style management, more employees have found the wonders of working from home. Several more have taken the leap and embarked on a new journey, one that involves freelancing. The freelancing community has grown substantially over the last 5 years, with […]

Top 10 Most Profitable Crypto Coins To Mine in 2021

Top 10 Most Profitable Crypto Coins To Mine in 2021

If you’re looking to get into mining cryptocurrency you could be embarking on a very lucrative journey. Once you’ve established what coin you’d like to mine, you’ll need to establish whether the endeavour will be profitable. Due to varying electricity costs, the cost to mine 1 BTC costs roughly $1,852 […]

How To Spend Cryptocurrency Anywhere

How To Spend Cryptocurrency Anywhere

Following the unbelievable rise of Bitcoin and other cryptocurrency prices in 2017, the industry entered and established itself in the mainstream world. As more and more people became aware of the powerful forces that cryptocurrencies offer, more and more merchants started accepting them as a viable form of payment. Here […]

10 Reasons To Buy Bitcoin Before 2021

10 Reasons To Buy Bitcoin In 2021

The world as we know it changed last year, with many industries shaken to their core. As industries across the board had to redefine their focuses to keep up, one industry further solidified their presence in the market. Bitcoin has changed our entire monetary system, moving the power away from […]

Oobit Adds Bitcoin Cash (BCH) To Its Platform

Oobit Adds Bitcoin Cash (BCH) To Its Platform

The premier trading app Oobit has added another top performing cryptocurrency to their repertoire. Users can now instantly buy and sell Bitcoin Cash (BCH) with their debit or credit card, and store it either in the platform’s military-grade wallet or send it directly to an already established wallet. As Oobit […]

Top 5 Tether (USDT) Stablecoin Wallets

Top 5 Tether (USDT) Stablecoin Wallets

When looking to add stablecoins to your crypto portfolio, one important decision to make is how will you store them? Not all wallets that accept Bitcoin accept stablecoins, or in this case, Tether. As Tether is an ERC-20 token, it is compatible with Ethereum wallets. Let’s uncover the top 5 […]

Do Stock Market Prices Affect Crypto Prices?

Do Stock Market Prices Affect Crypto Prices?

Cryptocurrencies were created as a response and future preventative against the Global Financial Crisis that plagued many economies during the 2007 – 2009 period. While cryptocurrencies are entirely separate from the stock markets, governments and financial institutions, many people have been left wondering, do stock market prices affect crypto prices? […]

How to Buy Tether (USDT) on Oobit

How to Buy Tether (USDT) on Oobit

If you’re looking to or thinking about buying the stablecoin Tether, you’ve come to the right place. Tether was launched in 2014 as RealCoin, and has since grown a sizable market cap of roughly $15,700,000,000. Oobit has created a secure and simple way to enter the market and buy Tether, […]

How To Choose Your Crypto Wallet

How To Choose Your Crypto Wallet

When looking to buy or store cryptocurrency, the wallet you choose is a significant decision. If you’re new here, don’t worry. We’re going to show you the ropes and tell you everything you need to know when it comes to how to choose a crypto wallet. Let’s get into it. […]

Venezuela Issues Law Regulating All Bitcoin Mining

Venezuela Issues Law Regulating All Bitcoin Mining

Following economic turmoil due to hyperinflation, Venezuela is now clamping down on all crypto activity. Unfortunately, the country has lost the trust of their nation, with many turning to Bitcoin in the hopes of a more stable (personal) financial situation. Let’s uncover the story behind Venezuela issuing a new law […]

Ethereum Prepares For Proof Of Stake

Ethereum Prepares For Proof Of Stake

After years of development, the time has finally arrived as Ethereum prepares for proof of stake consensus mechanism it proposed, which is expected to happen in the next 3 months. ConsenSys developer Edgington has revealed in a post that he believes the Deposit Contract address should be announced this week, […]

What Does OKEx Withdrawal Halt Mean For Users?

What Does OKEx Withdrawal Halt Mean For Users?

On 16 October, OKEx suspended withdrawals on its highly popular exchange platform, creating huge media waves as speculators wondered if the exchange was being shut down, or was becoming insolvent. We set out to uncover what does OKEx withdrawal halt mean for users. When exchanges halt withdrawals, it is usually […]

How To Protect Yourself On Crypto Exchanges

How To Protect Yourself On Crypto Exchanges

Whether you’re new to crypto and still understanding your way around, or you’re a seasoned trader looking to increase your online personal security, how to protect yourself on crypto exchanges is an important element. Cryptocurrencies can oftentimes get a bad name for not being “secure”, but the reality is that […]

Google Cloud Becomes An EOS Block Producer

Google Cloud Becomes An EOS Block Producer

EOSio, the blockchain created by Block.One, announced in early October that it had partnered with Google Cloud to onboard them as one of EOS’s block producers, marking the first time a non-crypto organization has been brought in as a named block producer. As Google Cloud becomes an EOS block producer, […]

What is Central Bank Digital Currency?

What is Central Bank Digital Currency?

Whether you’re new to crypto or have been in the industry for a while, a new trend to surface is the rise in CBDC. But what is central bank digital currency we hear you ask. In this article we’ll be explaining what it is, how it came to rise in […]

Record Earnings Of 450K ETH For Miners

Record Earnings Of 450K ETH For Miners

With the DeFi craze burning hot and creating new all-time highs for Ethereum fees, it’s not just yield farmers who are celebrating. Ethereum network miners earned almost $170 million US dollars worth of ETH in September, dwarfing the earnings of BTC miners who only made $26 million. This record broke […]

What is behind the value of Bitcoin?

What Is Behind The Value Of Bitcoin?

You might have heard some powerful people like Warren Buffett and Donald Trump express their opinions that Bitcoin has no value. This is a difficult concept to argue as the first cryptocurrency displays a market capitalization of over $200 billion. So what is behind Bitcoin’s value? Let’s throw back the […]

What is Ethereum Name Service (ENS)?

What is Ethereum Name Service (ENS)?

A new and welcome addition to the Ethereum network is the Ethereum Name Service (ENS) which works in a similar way to the Internet’s DNS (Domain Name Server). DNS allows users to search for a website by name rather than a long string of numbers. So, what is Ethereum Name […]

How To Protect My Cryptocurrency Portfolio

How To Protect My Cryptocurrency Portfolio

As with anything involving value, it’s always important to secure it at your utmost best. Cryptocurrencies are no different. The importance of storing your digital assets in not only a safe location, but also with the best tools, is how your possession over them is defined. Let’s explore how to […]

How Cryptocurrency Transformed The Whole Financial System

How Cryptocurrency Transformed The Whole Financial System

There’s no denying that cryptocurrencies have become a permanent fixture in our financial landscape. Since their invention, adoption, and consistent presence in mainstream media, cryptocurrencies are here to stay. Let’s take a look at how cryptocurrency transformed the whole financial system, and why the nascent monetary system isn’t going anywhere.  […]

There is no denying the world was rattled with the international pandemic, and sadly Bitcoin was not left unscathed.

Will A Second Wave Of Coronavirus Lockdowns Impact Bitcoin?

There is no denying the world was rattled with the international pandemic, and sadly Bitcoin was not left unscathed. As the Coronavirus swept its way through international boundaries, countries were sent into unprecedented lockdowns, with many thrown into recessions in the wake. While some countries experienced relative calm heading back […]

Cryptocurrency Market Map – Oobit's Guide

Cryptocurrency Market Map – Oobit’s Guide

The cryptocurrency and blockchain industries are booming and now is as good a time as any to get in. Before you do, we’ve curated this Oobit’s guide to a cryptocurrency market map to help you smoothly navigate the nascent technology and everything that comes along with it. Strap yourselves in, […]

Why Bitcoin, Gold and Other Uncorrelated Assets Are Climbing

Why Bitcoin, Gold and Other Uncorrelated Assets Are Climbing

This year, the pandemic has left few stones unturned when it comes to economic uncertainty. From mass unemployment, lockdowns, and swiftly increasing government debt, there’s no denying that traditional markets have taken a knock. As more and more traditional investors have looked into alternative ways to keep their funds safe, […]

What is Libra cryptocurrency?

What Is Libra, The “Facebook” Cryptocurrency?

With the massive impact blockchain technology has had on the fintech space, it was only a matter of time before a giant tech company started their own cryptocurrency – so it was no surprise when Facebook announced the Libra cryptocurrency in 2019. So what is Libra, the “Facebook” cryptocurrency? Libra […]

Buy Bitcoin with a Debit Card on Oobit

Buy Bitcoin With A Debit Card On Oobit

The time has finally arrived where you want to buy Bitcoin. Welcome to the party. So, where do you buy Bitcoin? We’re here to help! You’ve done your research, fueled yourself with stats, and opened your Bitcoin wallet, now we’re going to show you the easiest way to buy Bitcoin. […]

How Blockchain Prevents Double Spending of Bitcoin

How Blockchain Prevents Double Spending of Bitcoin

Once you start to understand how Bitcoin works, it’s inevitable to wonder how blockchain prevents double spending of Bitcoin. As it is an automated, decentralized entity, who can know for sure that one of the 18.5 million BTC in circulation isn’t being used over and over again. We’ve set out […]

The Difference Between a Hard Fork and a Soft Fork

The Difference Between A Hard Fork And A Soft Fork

As you delve deeper into understanding the intricate ins and outs of the cryptoworld, you’re sure to come across the terms “hard fork” and “soft fork”. In this article we’re going to explain exactly what these mean and why they’re important, as we help you navigate the markets with confidence […]

How Do Bitcoin Transactions Work?

How Do Bitcoin Transactions Work?

Getting your head around blockchain is one thing, understanding how Bitcoin transactions work is a whole other ball game. In this guide we’re going to break this down simply and efficiently so that you can understand exactly what is happening on the blockchain when you send and receive Bitcoin.  The […]

The Good and Bad Aspects of Bitcoin Volatility

The Good and Bad Aspects of Bitcoin Volatility

Volatility is witnessed in all markets, but few as much as Bitcoin. Some traders view it as a bad thing, while others leverage the volatility and use it to their advantage. In this article we’re going to be breaking down what volatility is exactly, the good and bad aspects of […]

What is cryptojacking

What Is Cryptojacking And Should You Be Worried?

Although ransomware-related hacks are on the rise ever since the invention of cryptocurrencies made it extremely convenient for criminals to collect money, you may be interested to know that a lesser known but equally prevalent type of hack – cryptojacking – is something that would be more likely to affect […]

Is it possible to buy Bitcoin Anonymously?

Is It Possible To Buy Bitcoin Anonymously?

Before we ask “is it possible”, sometimes we should ask if “we should”. It’s certainly no secret that Bitcoin is one of the few ways for people to transact “off-the-grid”, something that used to be possible only with cash. So Is it possible to buy Bitcoin Anonymously? We will try […]

6 Most Important Cryptocurrencies other than Bitcoin

6 Most Important Cryptocurrencies Other Than Bitcoin

6 Most Important Cryptocurrencies other than Bitcoin. Everyone has heard of Bitcoin ever since it’s soared to hundreds and thousands of times in value. It’s definitely the most well known cryptocurrency and the poster child of blockchain technology and cryptocurrencies wherever it shows up in the media. But are there […]

What is the best time to buy Bitcoin in 2020?

What Is The Best time of day to buy Bitcoin?

What Is The Best time of day to buy Bitcoin?? Cryptocurrency in general and Bitcoin in special have gained massive traction in recent years and there’s been an influx of new people interested to buy and own the digital currency. But some questions should always be asked before buying something […]

What is GDPR? What it is and how it helps me

What Is GDPR And How Does It Protect Me?

GDPR (General Data Protection Regulation) is one of Europe’s core safeguards to protect EU citizens by giving them more control over personal data. It is the world’s most comprehensive digital privacy legislation, a set of rules designed to be followed by businesses to ensure that information is processed securely, fairly […]

10 Reasons you should pay with Cryptocurrency

10 Reasons You Should Pay With Cryptocurrency

10 Reasons you should pay with Cryptocurrency. Some people still remember the days back when Bitcoin was worth nothing (less than a penny). The main reason it was worth nothing? Nobody was really using cryptocurrencies to make any kind of meaningful transaction. Although cryptography enthusiasts and people chancing upon Bitcoin […]

What Will Happen After The Last Bitcoin Is Mined?

What Will Happen After The Last Bitcoin Is Mined?

The total number of Bitcoins that will ever exist is capped at 21 million by design. This decision was made by Satoshi Nakamoto to ensure that the cryptocurrency maintained a deflationary nature. Each 4 years, or 210,000 blocks, the network undergoes a halving where block rewards for miners are reduced […]

Tips for passing cryptocurrency KYC processes

Tips For Passing Cryptocurrency Identity Verification (KYC)

Tips for passing cryptocurrency identity verification (KYC). Where cryptocurrencies are concerned, getting your hands on them these days often requires more than just a Bitcoin wallet. With concerns about money laundering and terrorist financing on the rise, many countries have put in place regulations to reduce criminal activity and ensure […]

What is Ripple (XRP)? Is it better than Bitcoin?

Is Ripple (XRP) Better Than Bitcoin?

Beyond just Bitcoin, plenty of cryptocurrencies have achieved mainstream attention, and one of the biggest known names is Ripple, the company that has created the token XRP. The term “Ripple” is often used to refer to both the token and the company developing the network and system surrounding it, although […]

Bitcoin is more stable than fiat in Venezuela

Bitcoin Is More Stable Than Fiat In Venezuela

If you’re living in Venezuela, chances are, you’ll not be saving your money any time soon. The hyperinflation crisis plaguing the local banknotes has been evaluated to be even worse than that of Zimbabwe, with inflation reaching over 1,000,000% by 2018 – and still ongoing even today, with the central […]

the world's most crypto-friendly countries?

What Are The World’s Most Crypto-Friendly Countries?

What are the world’s most crypto-friendly countries? Like everything else in the world, cryptocurrencies and Bitcoin are also subject to laws and regulations. There are places in the world where purchasing Bitcoin is easy and there are locales where it is forbidden. While you can purchase Bitcoin using your debit […]

What is Bitcoin (BTC)?

What Is Bitcoin (BTC)? The Complete Guide For 2020

It’s been the hottest thing in both finance and technology for years now: Bitcoin has arrived at the doorstep of the mainstream. Yet, most people are still scratching their heads and finding it hard to understand what’s so special (or useful) about this cryptocurrency. Bitcoin, also known as “BTC” for […]

Best Crypto Debit and Credit Cards

10 Best Crypto Debit and Credit Cards For 2020

Whether you are investing in the world’s foremost cryptocurrency or you just want to go cashless, unless you can spend your crypto with ease, the usefulness of digital money would remain questionable. Here you will find the 10 Best Crypto Debit and Credit Cards However, cryptocurrency does not exist in […]

famous and richest cryptocurrency millionaires

Top 10 Famous And Richest Cryptocurrency Millionaires

Top 10 famous and richest cryptocurrency millionaires – It is the year 2020 and Bitcoin, cryptocurrencies, altcoins and making it rich overnight have become… commonplace? From the fraction of a cent Bitcoin used to be worth during its first months of operation to the thousands of dollars each Bitcoin is […]

Securing Your Bitcoin Wallet

Securing Your Bitcoin Wallet – What Does It Take?

Securing Your Bitcoin Wallet – What does it take? Securing your precious cryptocurrency should be a top priority. This needs you to think about safe wallets and how to ensure that you store your coins securely. Securing your bitcoin wallet – what does it take, while a hardware wallet could […]

Bitcoin Lightning Network

What Is The Bitcoin Lightning Network

When it comes to cryptocurrencies, users have a plethora of options to choose from other than just Bitcoin. After all what is the bitcoin lightning network, one of the biggest “flaws” with Bitcoin is that it has relatively high transaction fees and can take a long time for confirmations. This […]

What happened in Twitter's "Crypto For Health" Hack?

What Happened In Twitter’s “Crypto For Health” Hack?

What happened in Twitter’s “Crypto For Health” Hack? Twitter has become the most prominent social media platform for users all around the world. With millions of active users on it, including the majority of the world’s celebrities, companies and political figures using it as their voice, Twitter has always been […]

identify Bitcoin Addresses

How Do I Identify Bitcoin Addresses?

Bitcoin addresses can be fairly complicated – sometimes even annoying for the average user. How do I identify bitcoin addresses, with a multitude of various address types and different Bitcoin forks, identifying how you should be sending your Bitcoin correctly can mean the difference between your coins reaching its intended […]

cryptocurrencies great for the Unbanked and Underbanked

Why Are Cryptocurrencies Great For The Unbanked And Underbanked?

Why are cryptocurrencies great for the Unbanked and Underbanked? Cryptocurrencies have evolved and changed over the course of its 10-year history. Beyond just being a store of value (as in Bitcoin) and intelligent code (Ethereum Smart Contracts), cryptocurrencies have promising and real-world use cases that are starting to be taken […]

How to use a Bitcoin Wallet

How To Use A Bitcoin Wallet

Have you ever wondered where you can safely store your Bitcoin after you have purchased it from Oobit Direct? Bitcoin just like any other type of money must be stored somewhere. We usually keep our paper money in a wallet, in a cookie jar, or even under the mattress but […]

Top 5 courses to learn about cryptocurrencies

Top 5 Courses To Learn About Cryptocurrencies

Cryptocurrencies and blockchain technology are now over 10 years old; the Bitcoin whitepaper was published in 2008, the Bitcoin network launched in January 2009, and Ethereum network enabling smart contracts launched in July 2015. With so much history and interest surrounding the technology, courses have been created that help users, […]

Safely Store Cryptocurrency

4 Best Ways to Safely Store Cryptocurrency

One of the most asked questions by people trying to purchase their first Bitcoin is how to safely and securely store their new cryptocurrency. Cryptocurrencies are similar to traditional fiat currencies – we use a “Wallet” to store them. However, this wallet can take varying forms – including both Digital […]

Ethereum Smart Contracts

What Are Ethereum Smart Contracts?

Ethereum has flourished since its inception in 2014, having become the most well known and used cryptocurrency other than Bitcoin. With its promise of “Smart Contracts” powered by blockchain technology, it serves a more pragmatic role than Bitcoin in how it could potentially power entire ecosystems due to the limitless […]

Bitcoin Rally if the second wave of COVID-19

Will Bitcoin Rally If The Second Wave Of Covid 19 Strikes?

The coronavirus has made a massive dent in the global economy. Even as some countries are recovering from the virus, signs of a second wave are already showing. Will bitcoin rally if the second wave of COVID-19 strikes? COVID-19’s continued existence presents unique circumstances that directly influence the behavior of cryptocurrency markets. […]

Six Bitcoin And Cryptocurrency Courses For Beginners

So you have heard of Bitcoin and you may also know a thing or two about blockchain, the underlying technology behind the cryptocurrency. What if you wanted to delve deeper? Fear not, because there are good and comprehensive courses out there that can quench your thirst for knowledge. What’s more […]

Top 10 Best Bitcoin Price Charts And Price Trackers

Best Bitcoin Price Charts: When it comes to monitoring the market for the latest trading opportunities, nothing comes more in handy than the ability to see price conveniently on a chart. This is true even for Bitcoin and cryptocurrencies – Binance, the world’s biggest cryptocurrency exchange, even acquired CoinMarketCap recently […]

How To Buy Bitcoin Without Fees

How to buy Bitcoin without Fees: Within the larger scope of Bitcoin’s adoption levels, one of the biggest topics is regarding the transaction fees associated with purchasing Bitcoin with fiat currency. Although hundreds, if not thousands of exchanges and platforms exist that allow for this swap to happen, none of […]

Bitcoin May Replace Gold As The New Darling Of Investors

Bitcoin May Replace Gold? India and China are Asian giants with populations each approaching the 1.4 billion mark. These Asian behemoths have the potential to spur the demand for any good or service that catches their eye. Cryptocurrencies being no exception. The only problem is the love-hate relationship that the […]

Uniting As One Against Covid 19 With… Quadratic Voting?

Uniting as one against COVID-19: Covid19 has brought together the global community in a fight against a common enemy. Countless individuals, groups, charities, companies, people, and entire countries are working together to keep the situation under control and to expedite the recovery of the global economy. Some of the biggest […]

How To Use A Bitcoin ATM

Bitcoin’s rise has been meteoric – from the first transaction of 10,000 Bitcoin used to purchase two pizzas in 2010, we have come to the point of having over 1.1 billion dollars of trading volume per day on exchanges. This has happened in an extremely short span of time! Corresponding […]

Forget About Goldman Sachs, Focus On The Average Joe And Jane

Bankers are a prudential bunch, and it is understandable. They have heavy fiduciary responsibilities on their shoulders. Cryptocurrencies can be an anathema to such a group of people. Goldman is not immune from such a cautious approach. In a recent research presentation on cryptocurrencies, the bank questioned whether crypto could be considered […]

What Are Layer 2 Solutions? A Simple Introduction

After Vitalik Buterin’s recent tweet regarding the “success” of layer 2 solutions, a new wave of interest started once more around the topic of blockchain scalability. Layer 2 solutions are an implementation on the blockchain that solves the issue of scalability — well known primary blockchains like Bitcoin and Ethereum face the […]

Adapting Compliance Tech For The Digital Era — Part 2

Adapting Compliance Tech for the Digital Era: With the launch of Oobit Pass, we’ve been seeing an increasing number of platforms requesting to know more about how it works and what we’re doing to change the space. Part 2 of our compliance technology series explores how Oobit Pass takes on […]

What Is DeFi And Why Is It Growing?

The subprime mortgage crisis of 2008 has created everlasting changes to the economy that are still echoing today. The fallout was contingent on the nature of mortgages being Asset-backed securities: where a loan is issued on the basis that the underlying collateral used to place the loan (in this case, […]

Betting On Bitcoin

Betting On Bitcoin

As Bitcoin Halves It Is Now Emerging As A Horse To Bet On For Fund Managers Betting On Bitcoin – We have arrived on the day of Bitcoin halving. The cryptocurrency has been in the buzz due to “the halving”, scheduled for May 12. After the halving, Bitcoin miners would […]

Why You Should Not Use The Same Password Twice

The recent security problems at zoom have only continued to spiral out of control. As people all over the world turn to video conferencing software to keep up with social distancing measures, Zoom has become the world’s most used software, keeping people connected and reducing the impact Covid19 has had on […]

Simplified Economics Of The Bitcoin Halving

Simplified Economics of the Bitcoin Halving: In just a little over 4 days, Bitcoin is going to go through its official third halving. This is the process whereby the issuance of new Bitcoin through the process of mining is cut in half, in order to fulfil the creator’s (Satoshi Nakamoto) declared […]

An Exploration Of Blockchain-Based Entertainment (Gambling!)

Since smart contracts were invented for blockchain, much thought has been given to exploring its uses across various fields and industries. However, no other use case has found more interest and usage than in blockchain-based entertainment — from gambling-related DAPPS to blockchain games such as cryptokitties, the top use cases […]

Adapting Compliance Tech For The Digital Era

Every single day, thousands of new users register for digital services and go through a compliance routine. While many see it as an unnecessary hassle, without compliance, cryptocurrency exchanges and many financial services would not be able to bring their operations into the digital space. Governments need recourse for fraud, […]

Covid 19 Is Crypto’s Biggest Opportunity To Go User-First

The Covid19 coronavirus has caused much distress amongst the global population. Outside of the direct deaths caused by the virus, the far-reaching impact especially on a global economic scale is unprecedented — everything from oil to currencies faces drastic ecosystem changes, and this is just the beginning — the world is expecting to bunker […]

Development Thoughts #1: User-Driven Development

It’s been 11 months since we started working on the first prototype version of Oobit, our vision of how cryptocurrency access can be transformed. Before that, we were a small web-application serving a small audience in Israel, helping to match P2P opportunities between individuals looking to sell and buy crypto. […]

Crypto Needs Less Journalism And More Visualization

Crypto needs less journalism and more visualization! With the COVID19 situation getting worse across the world, much of the crypto world has been deeply involved in addressing how the economic crisis could present a unique opportunity for cryptocurrencies to shine over their central bank counterparts. One concern is about how […]

The Challenge To Simplify The User Experience In Cryptocurrencies

The challenge to simplify the user experience in cryptocurrencies: When it comes to most products and services, user experience can be developed using fairly understandable, logical methodologies. You take into account how a user behaves, what functions they need access to most, the convenience of a certain action, design, etc, […]

Seamless KYC For Crypto Users

Oobit solutions target to make KYC easier for crypto users across various exchanges so that they may choose the best option for their needs. Right now, KYC is painful, time-consuming and repetitive. In our previous article, we touched on the importance of enhancing liquidity and user experience to drive user-end […]