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Bitcoin Trading: No Commissions

latest release: 1.0 ( 23rd November 2020 ) last analysed  28th November 2021 Not a wallet Not updated in a while
4.9 ★★★★★
401 ratings
5 thousand
13th March 2021

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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.

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 

Note: The app does not have a listed domain on its website but it has support email address has the domain rippex.com.

App Description

Bitcoin Trading: No Commissions uses real markets and their data to help investors to navigate the world of Bitcoin and other Cryptocurrencies investment. Start trading for Real Money with our partners, or with our real market simulator.

The App

The app has very limited functionality and when we selected “Trade for Real Money” it brought a screen with links to eToro and Plus500. We assume these are affiliate links and the way this app is making money.

Verdict

This app does not have 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.

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.

The product cannot be independently verified. If the provider puts your funds at risk on purpose or by accident, you will probably not know about the issue before people start losing money. If the provider is more criminally inclined he might have collected all the backups of all the wallets, ready to be emptied at the press of a button. The product might have a formidable track record but out of distress or change in management turns out to be evil from some point on, with nobody outside ever knowing before it is too late.