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Blackcatcard: IBAN, Mastercard

latest release: 1.2.25 ( 20th September 2021 ) last analysed  3rd September 2021 Not a wallet 
3.1 ★★★★★
3324 ratings
100 thousand
3rd June 2019

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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.

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The Analysis 

Blackcatcard is a mobile application that offers an instantly ready European Mastercard thoroughly designed for online and offline purchases and accepted worldwide.

Sounds like it’s meant to be a payment app, although it also supports crypto. It also mentions offering a European Mastercard.

The integrated hot wallet, provided by our partner, allows you to store, receive and send a variety of cryptocurrencies directly in the app.

That means it’s possible to send and receive BTC. “Provided by their partner” implies that this utilizes external wallets.

How to prove my identity? As a financial institution, we must follow the “Know Your Customer” procedures. Therefore, during registration in mobile application, you scan an identity document (passport), as well as make a “selfie”.

Identity verification is also in use here.

BlackCatCard was rather vague about the crypto wallet provided, although there was this article online.

In addition to traditional fiat currency services, Blackcatcard also offers cryptocurrency services. This service is provided by our partner DigiNord OÜ and is integrated with Blackcatcard.

And on Diginord OU’s site:

In collaboration with BlackCatCard

We assume that DigiNord provides the cryptocurrency services and BlackCatCard integrates it into their app. Therefore this app is not a wallet.

(dg)

Verdict Explained

This appears to not be a product to receive and send money.

As part of our Methodology, we ask:

Is it a wallet? If not, we tag it No Wallet 

If it’s called “wallet” but is actually only a portfolio tracker, we don’t look any deeper, assuming it is not meant to control funds. What has no funds, can’t lose your coins. It might still leak your financial history!

If you can buy Bitcoins with this app but only into another wallet, it’s not a wallet itself.