Bibox:Bitcoin, Crypto ExchangeGoogle Play
Our wallet review process
We examine wallets starting at the code level and continue all the way up to the finished app that lives on your device. Provided below is an outline of each of these steps along with security tips for you and general test results.
Application build test result
Update 2023-07-06: The app is available once more. However, this was last updated in 2021. The neweris the one linked to from the Bibox website.
Update 2022-01-28: This app is not in store anymore.
From its Google Play description:
Bibox, AI-enhanced digital asset exchange, is one of the world’s best cryptocurrency exchanges now. Bibox provides token exchange, contracts, bonds and margin trading with high liquidity and market depth.
Our initial assessment indicates that this is a centralized exchange.
We downloaded the app and found that it is possible to send and receive BTC. However, you are not provided with the keys to the wallet.
We emailed Bibox support to further validate our findings.
Until such time that new information arises, and with no mention of self-custody, it’s presumable that this app is custodial and not verifiable.
We will update the verdict once they have replied.
Tests performed by Daniel Andrei R. Garcia
Do your own research
In addition to reading our analysis, it is important to do your own checks. Before transferring any bitcoin to your wallet, look up reviews for the wallet you want to use. They should be easy to find. If they aren't, that itself is a reason to be extra careful.