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ATS Wallet

latest release: 2.0.22 last analysed  1st May 2021
No source code found
5.0 ★★★★★
330 ratings
10thousand

Published:

Our last analysis is based on data found in their Play Store description and their website.
details below 

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

A clear statement can be found in the play store description regarding the management of private keys.

“Superb Security: Your private keys never leave your device. Strong wallet encryption and cryptography guarantee that your funds will stay safe under your ultimate control.”

Sounds non-custodial, but we couldn’t find any source code to look deeper. Also there are a number of warning signs about this wallet that seem very scammy …

Warning I would be cautious of this wallet, there seem to be anumber of warning signs

  1. Alot of the links on the providers website for the social media do not link anywhere.
  2. They have a Iphone app linked on their website but they do not seem to have an iphone version of the app.
  3. The play store reviews are suspisious, 300+ reviews all 5 star and on the same date!

Our verdict: This ‘wallet’ claims to be non-custodial, however with no source code found this wallet is not verifiable.

(ml)

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.