Bixin - Secure Bitcoin WalletGoogle 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 2022-04-16: This app is not available anymore.
- Cryptocurrency Wallet with IM enabled
- OTC Market
- Margin Trading
- Rig Store
The site specifies Bixin’s security measures:
Bixin owns the top security team in the industry. We build a mature risk control system to monitor abnormal data in real-time and ensure the security of users’ accounts and transactions. Technologies such as hot/cold wallet separation, multi-signatures, and military-grade hardware encryption mechanisms provide a bank-level guarantee for your digital assets.
Review is required when Internal transfer ≥ 100BTC o External transfer ≥ 50BTC, which will be handled within 24h.
Please keep your login/payment password safe, be sure to use your own identity documents for real-name verification, and try to register your account with your own phone number. If you have problems with your account, please contact the online customer service as soon as possible.
Section III. User notes, 2nd clause states:
You understand and agree that in order to protect your data storage security and diversify risks, you authorize the Company to transfer your digital assets to third parties in accordance with certain rules and proportions, and authorize the Company to entrust the third party to handle related matters, within the scope of the agreed services at the first in this Agreement
If a wallet requires a review process for withdrawal amounts greater than X, then it means that the operators have the prerogative to allow or deny such a transfer. KYC, plus the provision stating that third parties will have control of user’s assets means that this is a custodial service which means the app cannot be verified.
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.