PayBito - Trade Bitcoin and CryptoGoogle 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
Update 2022-02-03: This app is no more.
From the app description:
PayBito helps you manage your portfolio, buy & sell cryptocurrencies and send & receive crypto straight from your phone.
PayBito primarily advertises itself as a trading platform. It offers support for bitcoin and other cryptocurrencies, or even altcoins.
We have no word on security other than Paybito’s claim that it will:
Secure your funds with heavy data encryption
One would also wonder what is the relationship of this app to the same provider.. Notably they are from
We strive to protect your crypto assets from unauthorized access, use, or spending. We use a variety of physical and technical measures designed to protect our systems and your crypto assets. By remitting your crypto assets to PayBito Account you entrust and entitle Us to ultimately take decisions on the safety and security of your crypto assets.
We tried the app and registered.
There are many identity verification tiers which qualifies users for different limits. Users can send and receive bitcoins through a wallet that’s generated on the platform.
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.