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Vinet:Sell Bitcoin PayPal Skrill Netelle for Naira

latest release: 10.1 ( 25th April 2021 ) last analysed  15th November 2021 Not a wallet
4.7 ★★★★★
50 ratings
1 thousand
18th May 2020

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Do your own research!

Try out searching for "lost bitcoins", "stole my money" or "scammers" together with the wallet's name, even if you think the wallet is generally trustworthy. For all the bigger wallets you will find accusations. Make sure you understand why they were made and if you are comfortable with the provider's reaction.

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The Analysis 

App Description

It’s a Nigeria-based platform that allows users to sell Bitcoin for Naira via Paypal and Skrill.

Can I withdraw the cryptocurrency I have deposited?
We have built our platform to enable you to sell your cryptocurrency in a fast and secure manner. We do not aim to be a wallet service. That would create unnecessary exposure of your crypto for you and for us. In the case you wish to withdraw the cryptocurrency you have deposited on your wallet address, please contact our support team. We are able to return cryptocurrency to the sending address it originated from. In your request, please add the details of the wallet as a confirmation that this is your wallet.

Terms and Conditions

Section 4.2. Vinetexchange does not offer to hold any client funds, whether these are in FIAT or in Cryptos.

The App

We tried to register, but found the app only accepts Nigerian numbers.

Verdict

Vinetexchange does not store your assets, as it is a service meant to convert cryptocurrencies to Naira. It cannot be classified as a wallet.

(dg)

Verdict Explained

This appears to not be a product to receive and send money.

As part of our Methodology, we ask:

Is it a wallet? If not, we tag it No Wallet

If it’s called “wallet” but is actually only a portfolio tracker, we don’t look any deeper, assuming it is not meant to control funds. What has no funds, can’t lose your coins. It might still leak your financial history!

If you can buy Bitcoins with this app but only into another wallet, it’s not a wallet itself.