Dubai Issues License to Cryptocurrency Firm
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BitOasis Wallet is now available on iPhone and iPad. Your digital assets are protected with three independent keys providing you with the highest level of security. Signing a transaction with this key is not enough to spend your digital assets.
All spent transactions must be signed by at least two keys to be authorized. BitOasis will sign using this key when you log in and initiate a spend or sell transaction from your account. Once signed, BitOasis sends your transaction to BitGo for security verification.
Signing with this key alone is not enough to spend your digital assets. A signature from a second key is required to complete the transaction. Your second key is stored securely by BitGo, who will also perform necessary security and fraud prevention checks.
As a co-signer, BitGo receives your transaction signed by BitOasis and performs the necessary security and fraud checks to protect your holdings and counter-signs with the second key. If the transaction looks suspicious, you will receive an automated phone call asking you to confirm and approve the transaction. Your third key is used to recover your funds in case of a service compromise. The safeguarding of your recovery key will be managed by an independent legal firm.
Unlike other digital asset wallets, BitOasis does not require you to print and secure the Recovery key. We understand that this can be cumbersome and is prone to loss or theft. Instead, an independent legal firm will manage the protection of the Recovery key. In case of an emergency or any service compromise, the lawyer will oversee the process of returning all digital assets to owners.
You can start to send and receive digital assets in minutes. All you need is your email and mobile phone number. We use advanced Multi-Signature technology to protect your assets adding an extra layer of security. We call you to confirm any high risk or large transactions before we move any of your digital assets. All your funds and transactions are posted directly on the blockchain, where you can easily verify your holdings. We work closely with a highly reputable legal council to ensure stable operations and regulatory compliance.
BitOasis plans to be the first digital assets company in MENA to be registered in a major technology center in the region. Buying and using digital assets is now easier and faster than any time before With BitOasis you can now easily buy digital assets in AED. BitOasis multisignature wallet security Your digital assets are protected with three independent keys providing you with the highest level of security. See more Signing a transaction with this key is not enough to spend your digital assets.
Independent Security Key Your second key is stored securely by BitGo, who will also perform necessary security and fraud prevention checks. See more As a co-signer, BitGo receives your transaction signed by BitOasis and performs the necessary security and fraud checks to protect your holdings and counter-signs with the second key. Recovery Key Your third key is used to recover your funds in case of a service compromise. See more The safeguarding of your recovery key will be managed by an independent legal firm.
Easy to Use You can start to send and receive digital assets in minutes. Multisignature Protection We use advanced Multi-Signature technology to protect your assets adding an extra layer of security. Fraud Prevention We call you to confirm any high risk or large transactions before we move any of your digital assets. Transparency All your funds and transactions are posted directly on the blockchain, where you can easily verify your holdings. Legal Council We work closely with a highly reputable legal council to ensure stable operations and regulatory compliance.
Local Company BitOasis plans to be the first digital assets company in MENA to be registered in a major technology center in the region.
