Muna - Crypto App for AfricansGoogle 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
Updated Review 2022-12-09
Deposit and Withdrawl using the Bitcoin network is possible. However, when we retested the app on December 9, 2022, we found that this has been disabled. It is possible that this is temporary.
Previous Review 2022-07-15
From the app description:
Muna is a simple & safe DeFi app built for Africans. Muna offers direct access to decentralized finance services. Crypto savings with daily interest, instantly swap coins, lend and borrow and make crypto payments with receipts to share with recipeint. Reach your financial goals with ease.
Muna - Crypto App for Africans supports BTC:
Lend and Borrow Crypto
Easily lend and borrow your favorite cryptos such as BTC, ETH, WAVES, USDT, USDN, and USDC. Earn daily interest for lending your crypto.
Easily send payments in fiat, stablecoins, and popular cryptos via recipient username or crypto address. Muna allows you to share payment receipts after payments. The internet made the world a global village and Muna lets these villagers send and receive payments easily at ZERO cost.
On the official site’s status page, users report having problems with KYC:
Apr 20, 2022 HunddaHina
I am trying since 2 months my KYC is not happening
While Muna claims to allow users to send and receive crypto, it offers no information as to who holds the private key. As such, we classify it as a custodial offering.
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.