CryptoTrader™ - Built by traders, for traderslatest release: 5.4.8 ( 3rd September 2021 ) last analysed 22nd December 2021 Not a wallet Not functioning anymore
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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 ¶
Update 2021-12-03: This app is gone from the Store.
It looks like a portfolio management app.
Over 98% of cryptocurrency is stored securely offline and the rest is protected by industry-leading online security. Your account is also subject to the same scrupulous safety standards, including multi-stage verification and bank-level security. You can even lock the app with a passcode, or remotely disable your phone’s access to the app if it gets lost or stolen.
The site features services that seem to be more aligned with portfolio management, trading advice and the tools to do so. Among the options on the site include: MasterClass Investisseur, MasterClass CryptoTrader, Coachings VIP and Ultimate Pack.
It is also mentioned in the front page that:
Maximum security Your funds remain on your trading platform at all times.
We downloaded the app and tried to find the wallet. It proved difficult as the app is in French. The menu options feature:
- Actualite, which seems to feature analysis and news.
- Capitalisation - which seems to feature a list of cryptocurrencies plus some statistics and price.
- Signaux, which asked us to choose an exchange and enter the public and private keys.
- Portfolio, also asked us to choose an exchange and enter the public and private keys.
- Trading, the same with above
- Ordres ouverts, same
- Historique - same
- Alertes - same
- Recervoir - same
We were not able to locate the wallet which makes sense since this is a portfolio management app that merely uses third-party APIs.
Since this is a portfolio-tracker with built-in analysis and advice services, we’ve come to conclude that this does not have a wallet.
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:Is the product still supported by the still existing provider? If not, we tag it Defunct!
Discontinued products or worse, products of providers that are not active anymore, are problematic, especially if they were not formerly reproducible and well audited to be self-custodial following open standards. If the provider hasn’t answered inquiries for a year but their server is still running or similar circumstances might get this verdict, too.
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