Chainge FinanceGoogle 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
Chainge is a Defi app that aims to empower people from all corners of the world to become their own digital bank. With Chainge’s automated financial services, users will have complete control over their wealth while enjoying 100% freedom & security.
Google Play Critical Reviews
★☆☆☆☆ September 28, 2021
I’ve logged in on my app account using Qr code since my old phone number is gone for good. However, after the day I’ve logged in, my account isn’t signed in anymore. Apparently, the Qr code isn’t working, so now I can’t sign in on my account in the app. I suggest, you guys should add the OTP email. I will change my rating and review if this problem will be solved. Thanks
★☆☆☆☆ September 26, 2021
Pathetic, 1. App ask for 6 digit code to verify through a text message. The text message gives you 4 digit code. 2. Option to call and get a password is also not working. How the hell should I log in.
Registration is also possible via their website. However, we keep getting a “Registrations Suspended” Error
D. When do we close your account The safety of your account is important to us. We might prevent you from accessing your account if we’re reasonably concerned about its security or that it might be used fraudulently or without your permission.
We might also have to block your account to meet our legal or contractual obligations.
We downloaded the app and it has 2 modes: Beginner and Expert. Beginner mode means that the service keeps the private keys on their end. Switching to expert mode means the user is in charge of the seed phrase for the multi-currency wallet. This seed is not for the Bitcoin wallet.
The seed phrase is for a multi-currency account. The default currency is their own CHNG token. A BTC wallet is also available.
- Switching to Expert Account Mode means you will be responsible with managing, securing and backing up your seed phrase.
- If you want to switch the account mode, you will have to go back and manually transfer all of your existing Chainge wallet balances to other addresses you own.
- Proceeding without transferring the balances will result in their permanent loss
- Chainge does not take any responsibility regarding potential asset loss as a result of incorrect or incomplete asset transfers.
We contacted them via twitter to verify. This app is a mix of custodial and self-custodial access. The beginner mode is custodial and switching to expert mode then makes it self-custodial. We were not able to locate the source code for the app.
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.