Our wallet review process
We examine wallets starting at the code level and continue all the way up to the finished app that lives on your device. Provided below is an outline of each of these steps along with security tips for you and general test results.
Application build test result
C-Trade is a centralized trading platform:
Trade crypto perpetual contracts and derivatives in our convenient mobile app! We make it easier and faster to trade BTC and ETH on your mobile device.
It also appears to offer perpetual contracts for bitcoin and ethereum.
At C-Trade we currently offer BTCUSD and ETHUSD trading pairs, with up to 150x leverage at any time! Which is higher than the industry standard!
From Asset Security:
In order to keep your assets safe, almost all of our customer’s deposits are stored in multi-signature cold wallets. C-Trade always keeps the hot wallets topped up in order to be able to provide lightning fast withdrawals.
Found in the Terms and Conditions page:
12.3 At any given time, at C-Trade’s sole discretion, C-Trade reserves the right to close your account without prior notice and any remaining assets will be transferred to you at the address on record.
12.4 In addition, at C-Trade’s discretion, any accounts found to have breached the terms and conditions under any circumstances, including but not only limited to marketing campaigns, C-Trade reserves the right to close your account with immediate effect and all remaining assets shall belong to C-Trade without question.
We downloaded the app to test out its features. It is possible to deposit bitcoin, and the app will generate a BTC address.
It is also possible to withdraw, though two-factor authentication is mandatory first.
This app is custodial and thus not verifiable.
Tests performed by Daniel Andrei R. Garcia
Do your own research
In addition to reading our analysis, it is important to do your own checks. Before transferring any bitcoin to your wallet, look up reviews for the wallet you want to use. They should be easy to find. If they aren't, that itself is a reason to be extra careful.