Wallet Logo

CoolBitX Crypto

latest release: 2.8.0 last analysed  6th December 2020
Not a wallet
4.6 ★★★★★
484 ratings


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

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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

This app (made for the CoolWallet S – the second generation card) is the most convenient and secure way to store, receive, and send your cryptocurrency assets.

This app is the companion app of a hardware wallet. If it doesn’t manage private keys itself, it’s not a wallet. Let’s see if it can be used without the “CoolWallet S” hardware wallet …

On Google Play there is no word about private keys.

At first sight, the website only talks about their hardware wallet.

As the app cannot be setup without Bluetooth being activated we assume it can’t be used as a wallet without the hardware wallet. It might still be able to have hardware-less accounts which would make it a wallet again but as we can’t test that and most likely no significant funds would end up in such an account, we file this app as a companion app of a hardware wallet, only.

Verdict Explained

Not a wallet
We could not find this to be an app meant to store, receive and send coins.

This appears to not be an app to send and receive bitcoins. We will probably remove this app from the project.