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Bitexen - Trade Bitcoin and Altcoin

latest release: 0.42 ( 29th July 2021 ) last analysed  21st August 2021 Under development Not functioning anymore
3.2 ★★★★★
8237 ratings
500 thousand
27th May 2018

Jump to verdict 

Help spread awareness for build reproducibility

Please help us spread the word discussing build reproducibility with Bitexen - Trade Bitcoin and Altcoin  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.

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 

Accessing the website linked via Google Play is problematic:

Error 1020 Ray ID: 6811f4a55cdcf156 • 2021-08-19 08:19:12 UTC
Access denied
What happened?
This website is using a security service to protect itself from online attacks.

I tried using TOR browser to access it, and it produced the same results.

The negative reviews of the app are quite alarming:

Burak Arslan
★☆☆☆☆ 5 March 2021
This app drained 12 GB data in the background, it was only in one day. I don’t know what was the cause for that, but this app looks quite suspicious. I’ll be swapping to another trade platform.

Z. Ryouiki
★☆☆☆☆ 10 April 2021
You can not take your own monet back to your bank account and it is still keep going like this for one year. Protect your money with staying away that app.

kullanılmayan kanal
★☆☆☆☆ 3 September 2020
What’s going on with the EGLD? HOW STUPİD APPLİCATİON! My all friends who re using other wallet apps and their elrond coins turned to the EGLD. But on bitexen my money went to somewhere! And some changes about price for other coins are not same with the trade.

Verdict: Defunct

Rationale: The numerous red flags such as 1. website error, 2. numerous negative feedback on Google play and some feedback noting the lack of customer support, led us to conclude it was defunct.

Though its assumed social media accounts seem to be active as of 2021-08-19. The app developers claim that they’re based in Turkey.


Verdict Explained

We still have to analyze this product.

As part of our Methodology, we ask:

Did we get to a conclusion on the transparency of this product yet? If not, we tag it Development

This product still needs to be evaluated some more. We only gathered name, logo and maybe some more details but we have not yet come to a conclusion what to make of this product.

But we also ask:

Is the product still supported by the still existing provider? If not, we tag it Defunct!

Discontinued products or worse, products of providers that are not active anymore, are problematic, especially if they were not formerly reproducible and well audited to be self-custodial following open standards. If the provider hasn’t answered inquiries for a year but their server is still running or similar circumstances might get this verdict, too.