TenX - Buy Bitcoin & Crypto CardGoogle 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
New sign-ups and deposits have been disabled, and even though your funds remain safe, we encourage you to withdraw your funds from your TenX Wallet at your earliest convenience.
TenX will start “sunsetting their services soon.” As such and with no new service replacement announced at the time of this review, it would be best to label this app as defunct.
This app’s description hints at being custodial with:
Send cryptocurrencies to other TenX Wallet users for free
as there is no transaction fee if the transaction is just an update of their centralized database.
As the core product of TenX is to spend your Bitcoins via a credit card, they probably want to be in control of the coins and not surrender this control to the user. We assume it is custodial.
Our verdict: not verifiable.
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.