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Safex Wallet (formerly Ecoin Wallet)

latest release: 6.0.9 ( 13th November 2021 ) last analysed  23rd September 2021 A wallet but not for Bitcoin 
3.3 ★★★★★
3095 ratings
100 thousand
8th October 2020

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The Analysis 

Update 2021-10-05 After marking it as defunct, it seems to have been updated recently (2021-09-22) and is now on the Google Play Store again. It is now described as the SafeX wallet (formerly eCoin.)

We downloaded the app again. Clicking on the Accounts menu, shows the options for the following cryptocurrencies: XDC, TRX and USDT. Clicking on the “Transfer” menu, allows us to send to XDC, TRX and USDT. There is no BTC in the options.

The wallet has no BTC wallet.

Update 2021-09-15: This app is not on the Play Store anymore.

At the interim, ecoin seems to have functionality allowing the user to buy bitcoin. We downloaded the app, and it doesn’t.

Once you sign in on the main page, you will be given the option to go to another website called TheCoin.exchange. Here you can buy Ecoin, USDT, TRX and PBTC - Tethered Bitcoin which is an ERC-20 token.

Hence the verdict of nowallet


Verdict Explained

The product is not for BTC.

As part of our Methodology, we ask:

Is it for bitcoins? If not, we tag it No BTC 

At this point we only look into wallets that at least also support BTC.