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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 ¶
This app is closing down its operation. It disappeard from Google Play, iTunes, Twitter, LinkedIn and Facebook and on their website we read:
Bitlish stops providing services to all customers on March 30, 2020. You have time until March 30, 2020 23:00 UTC to withdraw all your crypto assets from your account. If you have any limit orders waiting to be executed, please cancel them until March 15, 2020 23:00 UTC, otherwise they will be cancelled automatically.Currently, there are technical problems in the work of our services, including the operation of fiat payment methods. For this reason the binding of new cards, deposits and withdrawal to cards are now unavailable. We apologize for any inconvenience.
The app was available for download at least until 2nd of March 2020 and the 100k users have until the end of the same month to withdraw all their funds.
This being a custodial wallet it means they are 100% at the whim of the provider and can’t just spin up another wallet and import their keys there after the provider stopped its servers.
This app went out of business ... or so. Read the analysis for details.
As part of our Methodology, we ask:Is the product still supported by the still existing provider? If not, we tag it
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.
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