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2cash - Money for Everyone

latest release: 1.02.4 ( 23rd November 2020 ) last analysed  26th November 2021 Not functioning anymore 
4.2 ★★★★★
59 ratings
5 thousand
17th September 2019

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Older reviews (show 0 of 1 reproducible)

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Please help us spread the word discussing build reproducibility with 2cash - Money for Everyone  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 

Update 2021-11-15: This app is not on Play Store anymore.

App Description

2cash describes itself as a crypto commerce company. These are the features:

  • Deposit & Withdrawal - multiple options with your account
  • Debit Card - order your own debit card from 2cash that links to your wallet account
  • Funds transfer - instant transfer to other 2cash wallet accounts anywhere worldwide
  • Exchange - trade Bitcoin and other cryptocurrency
  • AC20 - subscribe and enjoy unlimited transactions with no fees plus earn rewards
  • Activity - share your stories with the 2cash community
  • Balances - monitor all your balance values in your account
  • Transactions - monitor all your transactions
  • Pay QR - easily make purchases anywhere 2cash is accepted

Google Play Critical Reviews

Marl Corañez
★☆☆☆☆ August 14, 2021
I can’t proceed, keep stopping to the 2cash agreement I already accept it but doesn’t really work at all.

The Site

How to deposit cryptocurrencies

Step number 8:

2cash will be notified of your transaction and credit your account when the crypto is received. Please be patient for your amount to be credited.

Withdrawals are also termed as ‘remittances’ in this tutorial

Step 3 details the withdrawal options:

Review the withdrawal options available and select what is best suited for your transaction. Currently you can process withdrawals through bank transfer, debit card (assuming you have previously ordered), or remittance if in the Philippines and withdrawing in PHP currency.

ID verification and KYC are both required.

Terms

2cash has a Termination clause:

2cash may terminate this Agreement at any time and without notice, and accordingly deny you access to this web site, in 2cash’s sole discretion for any reason, including your failure to comply with any term or provision of this Agreement. Upon any termination of this Agreement by either you or 2cash, you must promptly destroy all materials downloaded or otherwise obtained from this web site, as well as all copies of such materials, whether made under the terms of this Agreement or otherwise.

The App

We downloaded the app and tried to register. It’s first requirement is a referral code. If you don’t have any, you will be directed to visit help.2cash.io to get one. We got one and proceeded to input our personal information.

It then reached a point where we had to agree to 4 legal documents: the Terms, Privacy Policy, User Agreement and the Disclaimer. Each segment has its own Agree or Disagree button. At this point, clicking on the Agree button on all of the documents seems to not generate any user feedback. This app behavior is reflected on the review cited above.

Contact

We contacted 2cash via their twitter account where we posted the app’s screenshot.

Verdict

The app can apparently send and receive bitcoins. Provisions on the app’s Terms also indicate a custodial service. There wasn’t any documentation pertaining to the seeds, private keys or mnemonics. This app cannot be verified.

(dg)

Verdict Explained

This product went out of business ... or so. Read the analysis for details.

As part of our Methodology, we 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.