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
Maiar is a digital wallet and global payments app that is reimagining the way we interact with money, allowing you to exchange and securely store crypto on your mobile phone.
Create a wallet in seconds. No username, no password, no recovery phrase to backup. Just use your phone number.
It’s rather unclear if this means there’s no recovery phrase provided at all or if it’s simply optional.
Control your crypto. Be your own bank. At Maiar we help you protect your crypto with the highest level of security via cryptography and privacy features.
We’re approaching security through a process called progressive security. When having nothing to lose, you start light, and gradually receive security suggestions proportional to the assets you store. The more you use the app, the more sophisticated security features are triggered, to help you stay safe and secure.
This seemed to be a relevant piece of information regarding security.
Maiar.com has an FAQ on the homepage.
The Maiar wallet is completely decentralised and non-custodial. We don’t store or have access to the user’s funds at any time. The user owns the private key and has full control over their funds.
How secure is Maiar?
Maiar protects your assets and data using cutting edge encryption and verification techniques to ensure they’re securely stored. In the event where your phone is lost or stolen, your private key (recovery phrase) can be safely used to recover your funds.
In this case, Maiar is non-custodial.
As there’s no accessible source code, this is 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.