AnkerPay: Blockchain Crypto Wallet – BTC, ETH, LTC

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This Android app currently has more than 5000 downloads, a 4.3 stars rating from 87 users and the latest release is version v1.0.11.26.

Our last analysis was done on 20th June 2020 based on data found in their Google Play description and their website. Our verdict was No source code found (details below).

We found these ways of contacting the developers:

Help spread awareness for build reproducibility

Please help us spread the word, asking AnkerPay: Blockchain Crypto Wallet – BTC, ETH, LTC to support reproducible builds via their Twitter!

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

This app promises to be non-custodial:

AnkerSwitch is an alternative cryptocurrency exchange where users have more control. Swap any 2 currencies seamlessly while still controlling the assets within your wallet. This allows for complete control and safety since your crypto will never be left on an exchange.

Unfortunately neither the description on Google Play nor their website has a link to source code which leads to our verdict not verifiable.

Verdict Explained

No source code found Without public source available, this app cannot be verified!

This verdict means that we could not find any source to compile the app from. Internally the company might do everything right but as we can't verify it, there is nothing protecting the user from an exit-scam where the provider releases an app that leaks the keys to the servers.

The app 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 app 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.