Bitcoin Wallet Exchange - exchGoogle Play
Our wallet review process
We examine wallets starting at the code level and continue all the way up to the finished app that lives on your device. Provided below is an outline of each of these steps along with security tips for you and general test results.
Application build test result
There is no statement regarding how private keys are managed in the play store description. At this stage we will consider this wallet custodial.
Warning. However, in our opinion in reviewing this wallet, we had some observations that are somewhat scammys.
- There is no provider website listed in the Google Play store description.
- The app reviews in the Android are very suspicious, there are 2000+ ratings, all 5 star and only 3 written reviews.
- A search for CoinTM, as stated in the google play description as a money service business, cannot be found.
- In our opinion the logo is a direct copy of the bitcoin logo proper and could be fooling user into some feeling of trust.
Our verdict: This ‘wallet’ is custodial and therefore not verifiable.
Tests performed by Matthew Lamb
Do your own research
In addition to reading our analysis, it is important to do your own checks. Before transferring any bitcoin to your wallet, look up reviews for the wallet you want to use. They should be easy to find. If they aren't, that itself is a reason to be extra careful.