Bitcoin Trading - Capital.comlatest release: 1.32.3 ( 13th September 2021 ) last analysed 10th September 2021 Can't send or receive bitcoins
Do your own research!
Try out searching for "lost bitcoins", "stole my money" or "scammers" together with the wallet's name, even if you think the wallet is generally trustworthy. For all the bigger wallets you will find accusations. Make sure you understand why they were made and if you are comfortable with the provider's reaction.
The Analysis ¶
The app doesn’t have a web equivalent and the primary domain associated with the app points to the services company that created the software.
Its self-description reads as follows:
Trade CFDs on Bitcoin, Ethereum, Ripple, Dogecoin, Litecoin, Shib and other major crypto pairs with 0% commission and tight spreads.
A Contract for Differences CFD is a financial instrument that allows traders to speculate on an asset without actually owning the asset.
Not much information can be gleaned from the web domain so most of the information is derived from the Google Play description.
Capital.com is here to provide an engaging trading experience on our user-friendly platform that is designed to make trading more intuitive. Gain exposure to the crypto markets with derivatives and become a Bitcoin trader without needing to hold any Bitcoin.
The presence of CFDs indicate an inability to send and receive bitcoins.
Additional observations: We wonder how this app relates to Capital.com, as that site redirects toand not this app.
The product can't send or receive BTC.
As part of our Methodology, we ask:Can it send and receive bitcoins? If not, we tag it No send/receive
If it is for holding BTC but you can’t actually send or receive them with this product then it doesn’t function like a wallet for BTC but you might still be using it to hold your bitcoins with the intention to convert back to fiat when you “cash out”.
All products in this category are custodial and thus funds are at the mercy of the provider.
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