Coinpay: Buy & Send Bitcoin Fast Cryptocurrency 😇latest release: 1.0.7 last analysed 14th December 2020
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.
We are a non-custodial wallet, so users can send Bitcoin and other cryptocurrencies globally with direct access to the blockchain.
… so this is (claiming to be) a non-custodial Bitcoin wallet. Can we verify this?
The answer is “no”. There is no source code linked on their website or Google Play description. This app is closed source and thus not verifiable.
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.
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