BitValve - P2P 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
BitValve P2P exchange allows people from anywhere in the world to buy and sell their cryptocurrency (Bitcoin, Ethereum, Litecoin and others) using any payment method such as Bank Transfer, PayPal or Western Union. Join BitValve and start trading instantly, anonymously and peer to peer!
The Platform wallets will be stored on servers different than the servers hosting the Platform. This will ensure that, if an attacker succeeds to compromise the servers hosting the Platform, he will not be able to compromise the Platform wallets associated with the BTV tokens. It is worth clarifying the term “Platform wallet”. In comparison with other platforms, the Platform will not require users willing to exchange cryptocurrencies to create external cryptocurrency wallets. Instead, users will be able to use their Platform wallets to receive and send all cryptocurrencies supported by the Platform.
The terms and conditions page is blank.
We downloaded the app and registered for the service. KYC is required: Photo ID or passport, and phone number.
The app utilizes multi-currency wallets. We have not been able to find options for the backup phrases or private keys.
We believe BitValve is custodial and thus the app is not verifiable.
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.