Dsdaq - Trade stock, gold, oilGoogle Play
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
Dsdaq’s app description explains that it is a trading app:
Dsdaq: the only one mobile App allowing you to use Bitcoin, ETH and USDT to trade 300+ popular financial assets including Stocks, Indices, Gold, Oil, Silver, Forex, ETFs, Futures, etc.
It also has a P2P trading capability
Terms and Conditions
We took note of several key terms in the Terms and Conditions:
Termination & Remedies for Breach of these Terms
- Dsdaq reserves the right at our own discretion to close Your Account with at least 24-hour notice. If at the expiry of that period, your positions are still open, Dsdaq will close them.
- Dsdaq may freeze any Account in the event that Dsdaq suspects or have evidence that You are engaged in suspicious trading or other activity or have breached any of the above terms or warranties. This may result in the unwinding of any trades You have entered into, including the liquidation of any open positions. Dsdaq expressly exclude any losses or profits You would have made as a result of us closing
Dsdaq also utilizes KYC verification, as seen in Eligibility, number 8.
Dsdaq reserves the right at any time to verify Your identity for the purposes of complying with the any KYC/AML requirements
Thus we can assume that this trading app is custodial and therefore 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.