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SparkPoint - Cryptocurrency Wallet & DApps Browser

latest release: 6.3.1 last analysed  6th March 2021
No source code found
3.0 ★★★★★
481 ratings
10thousand

Published:

Our last analysis is based on data found in their Play Store description and their website.
details below 

Help spread awareness for build reproducibility

Please help us spread the word, asking SparkPoint - Cryptocurrency Wallet & DApps Browser to support reproducible builds  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

This app sounds at first as if it was not for Bitcoin but self-custodial:

In this initial release of SparkPoint, we are first enabling SparkPoint Wallet, a 100% non-custodial wallet, so you can store your ETH and SRK tokens on your Android devices.

but further down we can also find Bitcoin:

  • Send and receive Bitcoin (BTC)

The reviews are brutal!! Read the scam accusations and consider that positive ratings might be bought! This amount of accusations is not normal!

That said, we can’t find any source code and conclude the app is not verifiable.

(lw, em)

Verdict Explained

No source code found

Without public source available, this app cannot be verified!

This verdict means that we could not find any source to compile the app from. Internally the company might do everything right but as we can't verify it, there is nothing protecting the user from an exit-scam where the provider releases an app that leaks the keys to the servers.

The app 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 app 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.