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Bitcoin Wallet Exchange - exchange BTC ETH & more

latest release: 1.01 ( 13th October 2020 ) last analysed  9th October 2021 Not updated in a while 
4.3 ★★★★★
108 ratings
10 thousand
12th October 2020

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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 

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.

  1. There is no provider website listed in the Google Play store description.
  2. The app reviews in the Android are very suspicious, there are 2000+ ratings, all 5 star and only 3 written reviews.
  3. A search for CoinTM, as stated in the google play description as a money service business, cannot be found.
  4. 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.


Verdict Explained

This product did not get updated in over a year.

As part of our Methodology, we ask:

Was the product updated during the last year? If not, we tag it Stale! 

Bitcoin wallets are complex products and Bitcoin is a new, advancing technolgy. Projects that don’t get updated in a year are probably not well maintained.

This verdict may not get applied if the provider is active and expresses good reasons for not updating the product.

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.