XTB - Online TradingLatest release: VARY ( 28th June 2022 ) 🔍 Last analysed 21st August 2021 . Can't send or receive bitcoins
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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 ¶
The app description:
Trade with the Best CFD Broker for 2021* using the award-winning mobile app (Best Mobile App for Investing 2019 & 2020 according to the Rankia awards).
Under their list of trading instruments
Cryptocurrencies (e.g. Bitcoin, Ethereum, Ripple)
XTB is a brokerage. It allows you to trade or invest in Bitcoin through CFDs, meaning you don’t actually own the Bitcoin. The verdict here is No send/receive!
The product can't send or receive BTC.
As part of our Methodology, we ask:Can it send and receive bitcoins? If not, we tag it No send/receive!
If it is for holding BTC but you can’t actually send or receive them with this product then it doesn’t function like a wallet for BTC but you might still be using it to hold your bitcoins with the intention to convert back to fiat when you “cash out”.
All products in this category are custodial and thus funds are at the mercy of the provider.
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