ProfitTradingApp for BybitGoogle 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
Updated Review 2023-04-29
Verdict changed to reflect the previous reviews conclusion.
Previous Review 2022-11-02
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.
Tests performed by Daniel Andrei R. Garcia
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.