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101Investing Online Trading | Forex and Stocks

latest release: 1.5.69-brand101investing ( 25th August 2021 ) last analysed  16th October 2021 Can't send or receive bitcoins 
3.7 ★★★★★
255 ratings
10 thousand

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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.

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The Analysis 

App Description

Also affiliated with MetaTrader 4, 101investing allows users to:

trade 350+ financial derivatives on Forex, cryptocurrencies, stocks, indices, and commodities.

The Site

Cryptocurrency trading is facilitated via CFDs

CFDs on bitcoin investment and 50+ most popular cryptocurrencies. No need to own, mine, or buy any of those.

Funding is made via credit or debit card, bank transfer or e-wallet.

Withdrawals can be done using the same method as funding.

Verdict

This service does not allow the user to send or receive bitcoins.

(dg)

Verdict Explained

The product can't send or receive BTC.

As part of our Methodology, we ask:

Can it send and receive bitcoins? If not, we tag it No send/receive 

If it is for holding BTC but you can’t actually send or receive them with this product then it doesn’t function like a wallet for BTC but you might still be using it to hold your bitcoins with the intention to convert back to fiat when you “cash out”.

All products in this category are custodial and thus funds are at the mercy of the provider.

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.