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BitFreezer Cold Wallet Bitcoin Ethereum ERC20

latest release: 1.0.16 ( 18th February 2021 ) last analysed  11th August 2021 Not functioning anymore 
4.1 ★★★★★
61 ratings
10 thousand
18th September 2019

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Older reviews (show 0 of 1 reproducible)

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.

If you find something we should include, you can create an issue or edit this analysis yourself and create a merge request for your changes.

The Analysis 

Update 2021-08-03: This app is not on Play Store anymore.

Statements on the provider’s website, suggest the private keys are in control of the user. However the project is not open source. This is validated by a comment from the provider on a play store review.

“NOT OPEN SOURCE, THEREFORE NO PROOF OF ANYTHING RELATING TO SECURITY. ANY, & ALL BLAB ABOUT SECURITY IS COMPLETELY MOOT, WITHOUT IT BEING OPEN SOURCE. CHECKMATE. IT WANTS EMAIL, HAHAHAHAHA!!! WHAT A BUNCH OF FOOLS!!! ONLY A DAMNED FOOL WOULD PUT MONEY IN THIS APP.”

BitFreezer Response:

Hey there! Thank you for your input. We are aware that it is a very sensitive topic to most users and that it is mostly a breaking point for most crypto enthusiasts. Due to the character limit, all we can say is that building a deep and complex architecture for three years to steal people’s keys is not that promising or profitable as a venture. :)

Also to note there is an iphone download link on the providers website, however this is not working. We cannot verify if there is an iphone version at this stage.

Our verdict: As there is no source code to be found anywhere, this wallet is at best a non-custodial closed source wallet and as such not verifiable.

(ml, lw)

Verdict Explained

This product went out of business ... or so. Read the analysis for details.

As part of our Methodology, we ask:

Is the product still supported by the still existing provider? If not, we tag it Defunct! 

Discontinued products or worse, products of providers that are not active anymore, are problematic, especially if they were not formerly reproducible and well audited to be self-custodial following open standards. If the provider hasn’t answered inquiries for a year but their server is still running or similar circumstances might get this verdict, too.