AvaTrade GO Trading: Stocks, Bitcoin, CFDs & Forexlatest release: 95.5.0 ( 19th September 2021 ) last analysed 21st August 2021 Can't send or receive bitcoins
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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.
The Analysis ¶
AvaTradeGO enables users to trade, monitor their accounts, engage in social trading and follow top traders from all over the globe.
It’s a trading platform and most likely custodial.
From their website:
As a CFD brokerage firm, we do not provide crypto wallets to store your Bitcoin. We simply provide access to intuitive platforms for you to trade real-time price changes of Bitcoin.
It clearly is not a wallet. Sounds like a no send/receive.
The product can't send or receive BTC.
As part of our Methodology, we ask:Can it send and receive bitcoins? If not, we tag it No send/receive
If it is for holding BTC but you can’t actually send or receive them with this product then it doesn’t function like a wallet for BTC but you might still be using it to hold your bitcoins with the intention to convert back to fiat when you “cash out”.
All products in this category are custodial and thus funds are at the mercy of the provider.
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