Coins Wallet for bitcoin and lGoogle 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
This wallet helps people to create bitcoin or litecoin transactions
ok, so it’s a wallet for BTC.
with 0 (zero) blockchain fee. Yes, you send cash absolutely free.
that sounds suspicious as zero fee usually only works when no on-chain transactions happen.
In their FAQ they state:
I forgot my password, I cannot log into my account. What should I do?
Open the Account Information Reminder web page and type your login name. Then you will be asked a security question; if the answer if correct you will obtain access your account.
So here they are talking about an account which is a contradiction to a wallet.
In summary the provider makes no clear statements about the app being self-custodial and bits here and there indicate it is custodial and thus not verifiable.
Tests performed by Leo Wandersleb
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.