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DropBit: Bitcoin Wallet

latest release: 3.2.7 ( 28th January 2020 ) last analysed  21st July 2021 Not functioning anymore 
2.3 ★★★★★
205 ratings
10 thousand
1st August 2018

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Older reviews (show 0 of 3 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.

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 2021-07-21: Our issues on the repository got no reply, the server’s certificate expired last year and there is no update from the provider in years. Although available on the Play Store, this app is no more and probably for good. People have been loosing money and we strongly recommend to not use this app.

DropBit: Bitcoin Wallet was a custodial lightning wallet and appears to still be a non-custodial on-chain bitcoin wallet. As all funds on the lightning side are locked up with no comment from the provider (who apparently is in jail), we mark this wallet as defunct for now.

Verdict Explained

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.