TigerWit – Forex Trading &MoreGoogle Play
Our wallet review process
We examine wallets starting at the code level and continue all the way up to the finished app that lives on your device. Provided below is an outline of each of these steps along with security tips for you and general test results.
Application build test result
The TigerWit app cannot send and receive actual BTC as it only allows buying CFDs (Contracts for Differences).
It is a forex, precious metals, stocks, indices, commodities copy-trading app that utilizes CFDs for trading cryptocurrencies.
TigerWit’s Products > Crypto Page
TigerWit cryptocurrency trading can be undertaken using CFDs or Contracts for Differences as they are formally known.
CFDs are cash-settled contracts and that means you are simply trading the prices of cryptocurrencies without any concerns about ownership or security.
In terms of security and peace of mind retail investor accounts could certainly be considered to be better off when cryptocurrency trading via CFDs, because you never own the underlying instruments and never have to worry about making or taking delivery or securing private keys. Though of course, retail traders will still need to understand the risks involved in CFD trading.
Tests performed by Daniel Andrei R. Garcia
Do your own research
In addition to reading our analysis, it is important to do your own checks. Before transferring any bitcoin to your wallet, look up reviews for the wallet you want to use. They should be easy to find. If they aren't, that itself is a reason to be extra careful.