Vantage: Trade SmarterLatest release: 2.0.9 ( 28th June 2022 ) 🔍 Last analysed 1st November 2021 . Can't send or receive bitcoins
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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 Vantage FX app offers traders easy, yet powerful mobile access to hundreds of FX Pairs, Commodities, Indices, Share CFDs and more! Available for both iOS and Android devices, the Vantage FX trading app is equipped with a suite of trading and investing tools so you can trade global markets anywhere, anytime! Trade your way anywhere, anytime, with the Vantage FX app.
There was no mention of BTC or any other cryptocurrency in their Playstore description.
On their website’s help center, Vantage mentions that crypto assets “are offered in the form of CFD.”
Kindly note that Crypto assets are offered in the form of CFD. As CFD markets are closed over the weekend crypto trading is not available either.
CFD trading entails that users do not actually own the assets and as a result, cannot send or receive bitcoin.
The product can't send or receive BTC.
As part of our Methodology, we ask:Can it send and receive bitcoins? If not, we tag it No send/receive!
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.
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