ProfitTrading for Bybit - Trade much fasterLatest release: 2.0.0 ( 24th July 2020 ) 🔍 Last analysed 20th September 2021 . Under development Not updated in a while
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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 ¶
The provider ProfitTradingApp features a list of apps:
each of which act as an interface to the respectively mentioned exchange.
Note: This app was reviewed along with 11 other Profit Trading apps, it was marked as ‘stale’ due to this specific app’s update status. Otherwise, the verdict below applies.
While the provider doesn’t custody your coins, neither do you. This app can trade on your behalf via its bots and you can also withdraw and deposit. This means you can use it as a wallet but not only are your coins in custody of the respective exchange, this app probably can also empty all the accounts of all its users at once which is why we consider it itself custodial and thus not verifiable.
We still have to analyze this product.
As part of our Methodology, we ask:Did we get to a conclusion on the verdict of this product yet? If not, we tag it Development
This product still needs to be evaluated some more. We only gathered name, logo and maybe some more details but we have not yet come to a conclusion what to make of this product.
But we also ask:Was the product updated during the last year? If not, we tag it Stale!
Bitcoin wallets are complex products and Bitcoin is a new, advancing technolgy. Projects that don’t get updated in a year are probably not well maintained.
This verdict may not get applied if the provider is active and expresses good reasons for not updating the product.
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