RenrenBitlatest release: 1.7.6 ( 27th July 2020 ) last analysed 4th March 2021 Few users Not functioning anymore
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 ¶
This app looks like a custodial offering:
RenrenBit is a digital asset management platform offering 100% Reserve.
As it only has 100 downloads its category is “few users” though.
Suspiciously Google Play features no website, the contact is
email@example.com but renrenbit.com featuring both Android and iPhone logos
for app downloads that only appear to link to an
app on iPhone.
This product has too few users for now to be reviewed in detail.
As part of our Methodology, we ask:Do many people use this product? If not, we tag it Few Users
We focus on products that have the biggest impact if things go wrong and this one probably doesn’t have many users according to data publicly available.
But we also 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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