ThinkTraderLatest release: 220.127.116.11 ( 19th May 2022 ) 🔍 Last analysed 21st October 2021 . Can't send or receive bitcoins
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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 ¶
ThinkTrader is a trading platform for forex and CFD trading.
While you can “trade a broad range of cryptocurrencies,” CFD trading means you do not own the assets, thus there is no need for a digital wallet.
On ThinkMarkets official website, there is a page about cryptocurrencies.
Trading Crypto CFDs removes the hassle of dealing with exchanges
You cannot send or receive bitcoins on this platform.
The product can't send or receive BTC.
As part of our Methodology, we ask:Can it send and receive bitcoins? If not, we tag it No send/receive!
If it is for holding BTC but you can’t actually send or receive them with this product then it doesn’t function like a wallet for BTC but you might still be using it to hold your bitcoins with the intention to convert back to fiat when you “cash out”.
All products in this category are custodial and thus funds are at the mercy of the provider.
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