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Bitcoin Wallet - Blockchain Explorer

latest release: 1.0.1.8 last analysed  26th July 2021 Fake  
4.3 ★★★★★
823 ratings
50thousand
3rd April 2021

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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.

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 

Update 2021-07-26: The provider features several apps that either through their logo or the name try to resemble trusted wallets like Bitcoin Wallet (Schildbach) or Blockchain.com Wallet - Buy Bitcoin, ETH, & Crypto . 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:

Open Source?

So they claim:

Latest code is available at GitHub:
https://github.com/hoanghiephui/Bitcoin-Wallet

but there, the applicationId is com.bitcoin.wallet.btc, not com.blockchain.wallet.btc.

There is no branches neither where there might be alternative applicationIds.

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.

(ml, lw)

Verdict Explained

The product mimics a popular competitor!

As part of our Methodology, we ask:

Is this product the original? If not, we tag it Fake!  

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!

The product cannot be independently verified. If the provider puts your funds at risk on purpose or by accident, you will probably not know about the issue before people start losing money. If the provider is more criminally inclined he might have collected all the backups of all the wallets, ready to be emptied at the press of a button. The product might have a formidable track record but out of distress or change in management turns out to be evil from some point on, with nobody outside ever knowing before it is too late.