Gorila: gestão de investimentoLatest release: 4.0.0 ( 20th January 2023 ) 🔍 Last analysed 24th June 2022 . Can't send or receive bitcoins
The product can't send or receive BTC.
As part of our Methodology, we ask:
Can it send and receive bitcoins?If the answer is "no", we mark it as "Can't send or receive bitcoins".
If it is for holding BTC but you can’t actually send or receive them with this product then it doesn’t function like a wallet for BTC but you might still be using it to hold your bitcoins with the intention to convert back to fiat when you “cash out”.
All products in this category are custodial and thus funds are at the mercy of the provider.The product cannot be independently verified. If the provider puts your funds at risk on purpose or by accident, you will probably not know about the issue before people start losing money. If the provider is more criminally inclined he might have collected all the backups of all the wallets, ready to be emptied at the press of a button. The product might have a formidable track record but out of distress or change in management turns out to be evil from some point on, with nobody outside ever knowing before it is too late.
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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.
The Analysis ¶
The app’s description is translated from Portuguese:
Did you take advantage of the high Selic rate and make investments in fixed income? With the Gorilla app, you can closely monitor the profitability of investments! Also track investments in bitcoin, fan token, NFT, shares, BDR, real estate funds (FIIs), ETF and many others! Download the app and manage your investment portfolio in an easy and practical way! In Gorila, you can follow the profitability of more than 400 thousand assets, such as Equity Funds, Real Estate Funds, Treasury Direct and LCA.
Gorila appears to be a trading platform and not a bitcoin wallet per se. The website also seems to confirm this as it advertises features such as real-life quotation and many other things typically associated with trading platform apps.
Furthermore, there are no mentions of a bitcoin wallet or seed phrases. If cryptocurrency is supported on this app, it is probably meant to be traded and cashed out as fiat currency.
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