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
Update 2022-03-30: This app is not available anymore.
Update 2021-11-23: There’s no source code for the android app on their Github, making the app not verifiable.
WanWallet was developed by Wanchain Foundation. It says that it supports Wanchain Galaxy Consensus Staking, which they also call “PoS Staking.”
You can manage your Wanchain assets and stake your Wancoins to receive staking rewards using Wanchain Wallet.
Wanchain Wallet is a non-custodial wallet, which means you own the keys and you are in control. Wanchain Foundation will never ask you for your HD seed phrase under any circumstances.
We tried the app. We are immediately greeted with the option to create a wallet or import one.
We chose to create a wallet and were asked to enter a password. Then, we are provided with a 12-word seed phrase, and told to record it in a safe place, preferably offline. The app noting that:
the Wanchain team will never ask for your seed phrase.
Wanchain has a Github account with repositories for apps and SDKs. Their repository for the desktop wallet is publicly available source code with build instructions.
At the moment, we will wait for the source-code to be tested and proved reproducible before making a verdict.
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.