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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 ¶
Update 2021-07-26: The provider features several apps that either through their logo or the name try to resemble trusted wallets likeor . Given other issues with the products, we assume they are fakes.
We list the following apps of this provider:
Although the name “Bitcoin Wallet - Blockchain Explorer” isn’t clearly saying if it’s an explorer or an actual wallet, the description is:
Bitcoin Wallet - Blockchain Explorer is the cold wallet, it is the safest, and open source, for send and receive Bitcoin.
As it is for sending and receiving, it is a wallet by our understanding.
There is no server that would hold any of your private data.
sounds pretty non-custodial and even more so, they claim there is no server. This would actually be a fact that’s easy to check: Does the wallet try to connect to a server?
Let’s see what we can verify:
So they claim:
Latest code is available at GitHub:
but there, the applicationId is
There is no branches neither where there might be alternative
We asked about the wrong applicationId on 2021-04-15 but the developer did not answer so far.
That lets us think the app is not only not open-source but the provider might be lying about the nature of the app’s transparency.
After reviewing above mentioned apps by the same provider, we also check if this app is obfuscated and sure enough, it is. Obfuscation is a huge red flag and we recommend to not use this app.
The product mimics a popular competitor!
As part of our Methodology, we ask:Is this product the original? If not, we tag it
The bigger wallets often get imitated by scammers that abuse the reputation of the product by immitating its name, logo or both.
Immitating a competitor is a huge red flag and we urge you to not put any money into this product!
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