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Tools Trades

latest release: 2.0 ( 22nd May 2021 ) last analysed  13th October 2021 Not a wallet 
3.8 ★★★★★
371 ratings
100 thousand
27th February 2018

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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.

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The Analysis 

App Description

From the description:

ToolsTrades, the world’s biggest and most successful trading signals providers. Since founded in 2012, we have been sending our members trading signals for Forex, CFD, Crypto and Stocks trading.

Because this app is meant for providing trading signals, it is not actually a wallet or exchange. While the app states that it offers many services:

From market reviews and the latest news from the financial world, to guides and economic calendars

Holding and managing cryptocurrencies is not one of them.

The App and Verdict

There’s not much to note about the app. There’s no wallet services and you cannot send, receive, or buy bitcoin as it’s meant to provide trading signals.


Verdict Explained

This appears to not be a product to receive and send money.

As part of our Methodology, we ask:

Is it a wallet? If not, we tag it No Wallet 

If it’s called “wallet” but is actually only a portfolio tracker, we don’t look any deeper, assuming it is not meant to control funds. What has no funds, can’t lose your coins. It might still leak your financial history!

If you can buy Bitcoins with this app but only into another wallet, it’s not a wallet itself.