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Citowise - Blockchain multi-currency wallet

latest release: 1.355 last analysed  30th April 2021
No source code found
4.2 ★★★★★
656 ratings
50thousand

Published:

Our last analysis is based on data found in their Play Store description and their website.
details below 

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

There is a clear statement on the Play store about private key management.

Citowise is one of the few wallets that is both safe and decentralized as it does not keep private user keys.

With keys in control of the user, we need to find the source code in order to check reproducibility. However we are unable to locate a public source repository.

Unfortunately we were not able to load the main providers website, receiving a 404 response. After several attempts we can only concluded this wallet may not be supported anymore with a defunct provider.

Our verdict: As there is no source code to be found anywhere, this wallet is at best a non-custodial closed source wallet and as such not verifiable.

(ml)

Verdict Explained

No source code found

Without public source available, this app cannot be verified!

This verdict means that we could not find any source to compile the app from. Internally the company might do everything right but as we can't verify it, there is nothing protecting the user from an exit-scam where the provider releases an app that leaks the keys to the servers.

The app 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 app 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.