CoinBenelatest release: 4.1.6 ( 18th May 2021 ) last analysed 16th September 2021 Not functioning anymore
Older reviews (show 0 of 1 reproducible)
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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 2021-09-07: This app is not on Play Store anymore.
CoinBene App is a convenient, professional, safe, stable and reliable global digital currency exchange
CoinBene App is a cryptoasset platform and centralized exchange.
Found in the user agreement:
CoinBene makes no representations or warranties regarding the amount of time that may be required to complete transfer of your Tokens from a third party wallet or other source and have such Tokens become available in your Account.
This is an indicator of its custodial nature.
Furthermore in Section 6 Rights of its User Agreement:
The Site has the right to inquire, freeze or deduct the items and accounts of the user in the account according to the requirements of the judicial organs, administrative organs and military organs including, but not limited to, public security organs, procuratorial organs, courts, customs and tax authorities;
Verdict is therefore custodial and not verifiable
This product went out of business ... or so. Read the analysis for details.
As part of our Methodology, we ask:Is the product still supported by the still existing provider? If not, we tag it Defunct!
Discontinued products or worse, products of providers that are not active anymore, are problematic, especially if they were not formerly reproducible and well audited to be self-custodial following open standards. If the provider hasn’t answered inquiries for a year but their server is still running or similar circumstances might get this verdict, too.
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