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Claim Faucet Coins :: Bitcoin

Latest release: 2.1 ( 15th June 2021 ) 🔍 Last analysed 13th June 2022 . Not a wallet Not updated in a while
4.2 ★★★★★
266 ratings
50 thousand
21st April 2020

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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 

This app does not appear to be a crypto wallet, instead utilizing external services such as Skrill or CoinBase as its wallets.

Furthermore, here is the Play Store description:

You want to claim multiple coins? , You don’t know where to store your coins? , You want to learn how to exchange your coins for currencies?
Claimers Faucet Coins will cover all your cryptocurrency-related needs, presenting multiple ways to earn, store and exchange them. And best of all, everything from your mobile device.

This app does not have an official website, and the app developer named “Vessper” has only developed one additional app with almost the exact same description.

This app is not a wallet.

(dg)

Verdict Explained

This appears to not be a product to receive and send money.

As part of our Methodology, we ask:

Is it a wallet? If not, we tag it No Wallet

If it’s called “wallet” but is actually only a portfolio tracker, we don’t look any deeper, assuming it is not meant to control funds. What has no funds, can’t lose your coins. It might still leak your financial history!

If you can buy Bitcoins with this app but only into another wallet, it’s not a wallet itself.

But we also ask:

Was the product updated during the last year? If not, we tag it Stale!

Bitcoin wallets are complex products and Bitcoin is a new, advancing technolgy. Projects that don’t get updated in a year are probably not well maintained.

This verdict may not get applied if the provider is active and expresses good reasons for not updating the 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.