OWNR Bitcoin wallet and Visa card. Blockchain, BTClatest release: 1.15.0 last analysed 31st May 2021
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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 ¶
So this app claims to be a partner of Bitfinex, one of the biggest exchanges:
OWNR is an official partner of Bitfinex.
which surprised us as Bitfinex has their own app.
We asked them in this tweet and in the replies we indeed get a pointer to this post which convinces us that this app indeed is endorsed by Bitfinex. (If you have a better link, we would happily add it if it explains why they have two wallets.)
Maybe this is the non-custodial one?
- Restore HD-wallets with any seed phrase length (12/15/18/21/24 words)
- Only you sign the transactions and own your keys – we do no store them on our servers
- Your seed phrase is stored on your device only
They certainly do claim to be non-custodial but as we can’t find any source code, we remain with a verdict of not verifiable.
Without public source available, this app cannot be verified!
This verdict means that we could not find any source to compile the app from. Internally the company might do everything right but as we can't verify it, there is nothing protecting the user from an exit-scam where the provider releases an app that leaks the keys to the servers.
The app cannot be independently verified. If the provider puts your funds at risk on purpose or by accident, you will probably not know about the issue before people start losing money. If the provider is more criminally inclined he might have collected all the backups of all the wallets, ready to be emptied at the press of a button. The app might have a formidable track record but out of distress or change in management turns out to be evil from some point on, with nobody outside ever knowing before it is too late.
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