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ProfitTradingApp for Bybit

Latest release: 3.0.11 ( 27th January 2023 ) 🔍 Last analysed 2nd November 2022 . Review is Work in Progress
4.3 ★★★★★
41 ratings
10 thousand
22nd March 2020

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 the answer is "no", we mark it as "Review is Work in Progress".

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.

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Please help us spread the word discussing build reproducibility with ProfitTradingApp for Bybit  via their Twitter!

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.

If you find something we should include, you can create an issue or edit this analysis yourself and create a merge request for your changes.

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.