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 2021-11-26: This app is not available anymore.
From the screenshots in Google play, it seems to be a centralized cryptocurrency exchange.
HBTC Exchange is a 100% token holders owned trading platform that is jointly invested by Huobi, OKEx and 56 other world-class institutions.
It is developed by BHEX, which has another app under its developer page, also named
Although the content is in English and available internationally, the Chinese language is found all over the site.
HBTC.com is known as the exchange where Apple co-founder Steve Wozniak token was launched.
Its support documents refer to depositing and withdrawing cryptocurrencies including Bitcoin.
It refers to a wallet as having “decentralized cross-chain custody”, but leads to a different website. It may be the other app.
We downloaded the app on Blue Stacks and tried to register but failed. The message reads
The feature has been suspended.
It is likely that this has something to do with the People’s Republic of China crackdown on crypto, since we tried signing-up on both the website and on the app. Both attempts yielded the same error.
As this is a centralized cryptocurrency exchange. It is highly probable that it is a custodial service and thus not verifiable
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.