Wallet Logo

Jeroid - Trade Bitcoins & Giftcards in Nigeria

Latest release: 1.3.3 ( 27th May 2022 ) 🔍 Last analysed 4th November 2021 . Not a wallet
2.4 ★★★★★
248 ratings
10 thousand
5th July 2020

Jump to verdict 

Help spread awareness for build reproducibility

Please help us spread the word discussing build reproducibility with Jeroid - Trade Bitcoins & Giftcards in Nigeria  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 

App Description

Buy and Sell Bitcoins, and trade for giftcards.

Google Play Critical Reviews

adebayo samson
★☆☆☆☆ October 4, 2021
This app is the most annoying app I have ever used,tried to trade my card and for the past 1hour all I get is pending,how on earth will trade take that long,1st impression says it all I won’t advice anyone to download or use this all or else I get something done to it positively

The Site

How to Sell Bitcoin on Jeroid

  • Click on TRADE BITCOIN
  • Select wallet type you are sending from
  • Enter amount in USD
  • The amount you will receive will be displayed below according to the current market rate
  • The Bitcoin wallet address would then appear. Scan or Copy address then send coins
  • Upload proof of payment
  • Select account you want to receive payment to and click CONTINUE
  • Review transaction then SUBMIT

Trading Giftcards for Bitcoin

How do I get paid?

After successful validation of your Giftcards the trade value is added to the customerJeroid’s (sic) wallet.

The App

We were asked to register an account and had to input details such as name, phone number, and confirm our email addresses via an OTP. We were also asked to set a PIN for the account and add a bank account.

Please add your Nigerian Bank Account to receive funds from your transactions.

When selling Bitcoin, we are presented with a dropdown menu with 4 options:

  • Blockchain
  • Binance
  • Bitcoin ATM
  • Others

Verdict

The app seems to facilitate the trading of gift cards, represented in Naira. However, funds will be withdrawn to the user’s bank account in fiat. This app is not meant to hold your bitcoins.

(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.