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
Dextrade is an exchange, and supports bitcoin as well as other cryptocurrencies. It advertises itself as a
Cryptocurrency trading platform with extremely low commissions.
There is an alarming amount of negative reviews with users reporting that they had faced errors when trying to withdraw money, resulting in their funds getting trapped, with some scam accusation thrown in here and there.
★☆☆☆☆ August 29, 2021
Hi, this exchange is a scam, they steal crypto of customers. I sent my crypto to them but it’s not deposited. I contacted them for support that my crypto is lost but they kept on passing time for weeks that team is working. Mine loss was 1000$. Guys There are other exchanges to trade please don’t get into their trap they are more or less a scammers
★☆☆☆☆ July 31, 2021
Terrible and useless don’t use this exchange, deposits and withdrawals can take weeks to be carried out. Same with trades. Completely useless customer service. Go to another trading platform.
In the official homepage, Dex-trade states that funds are stored in cold wallets.
More than 95% of currencies in cold wallets
From the User Agreement:
In case of finding or suspecting any inappropriate activity related to your Account, Dex-Trade.com may request additional information, including document authentication, or freezing of transactions in order to review them. You will be obliged to comply with these requests, otherwise you agree that your Account will be closed.
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.