Kointra - Crypto ExchangeGoogle 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
App Description from Google Play
- With Active and Limit Order options,
- Within narrow price ranges,
- Without freezing and maintenance excuses in market fluctuations,
- Determining the strategy on the technical analysis screen,
- While following daily cryptocurrency market news, You can trade quickly and securely.
- 5.2.1 User savings are stored in environments independent of Platform servers against a possible cyber attack.
- 5.2.2 Kointra has the right not to accept money transfers made by users without giving any reason.
- 5.2.3. Kointra will fulfill the transfer transactions made by the user as soon as possible. Kointra will not be liable for any damages that may arise if deposits and/or withdrawals are not carried out
We were not able to register due to their sms-verification requirements stating that our local phone number is not valid.
We can glean the following:
- This is an exchange that can refuse to accept money from users without giving any reason. This means that they have control over the wallet.
- A further example for this app’s custodial nature is this phrase: Kointra will fulfill the transfer transactions made by the user as soon as possible. Kointra will not be liable for any damages that may arise if deposits and/or withdrawals are not carried out.
Without registering and testing the plaform itself, and only verifying information found via its own description: we have a strong reason to believe that this is a custodial provider.
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.