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S3 Wallet

latest release: 2.1.2 ( 20th February 2021 ) last analysed  15th November 2021 Under development Not functioning anymore
4.3 ★★★★★
61 ratings
1 thousand
29th January 2020

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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.

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 

App Description

S3 Wallet is the very first fully decentralized and distributed digital asset wallet that provides users with a focused wealth generation ecosystem. Store, Swap, and manage bitcoin, ethereum & S3C tokens with the most secure wallet.

Using the latest 4.0 blockchain platform technology, S3 Wallet is guaranteed to be fast and accurate. The S3 Wallet is the easiest way to manage your crypto assets. S3 Wallet is a multicurrency wallet with a high security 12 phrase backup passphrase to protect your assets. With the S3 Wallet app, you also have a crypto exchange thanks to an integrated swap feature.

S3 Wallet is a SIMPLE TO USE and HIGHLY SECURED ,multicurrency Wallet for managing Ethereum, Bitcoin, S3C, and soon the most popular coins based on the Ethereum and Bitcoin blockchain.

S3 Wallet claims to be fully decentralized and purportedly provides the user with mnemonics. The app is meant to work as a wallet and a crypto exchange.

Notes

Unfortunately, at the time of this review, the site is inaccessible.

The App

We are given the option to create or restore a wallet by typing a 12-word backup phrase.

When creating a wallet, we are asked to provide information such as name, email, and “referrer email” to join a referral program. We must also set a password to protect the new wallet.

Cannot connect to server. Please try again later or contact support for help.

You get the same message when trying to restore a wallet.

Verdict

This wallet may look self-custodial, however at this moment we are unable to access any of its services. Until any further update or new information, our verdict for this app is defunct.

(dg)

Verdict Explained

We still have to analyze this product.

As part of our Methodology, we ask:

Did we get to a conclusion on the transparency of this product yet? If not, we tag it Development

This product still needs to be evaluated some more. We only gathered name, logo and maybe some more details but we have not yet come to a conclusion what to make of this product.

But we also 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.