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OgrAPI - TradeOgre

Latest release: 1.4.3 ( 3rd May 2021 ) 🔍 Last analysed 29th April 2022 . Not a wallet Not updated in a while
3.7 ★★★★★
225 ratings
10 thousand
28th November 2018

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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.

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The Analysis 

App Description

It describes itself as a third-party app (that is not related to TradeOgre), that uses TradeOgre.com API keys to let users trade various cryptocurrencies including ETH, XMR, Doge and others.

TradeOgre.com is a cryptocurrency exchange.

OgrAPI is not an official TradeOgre application.

The Site

The site seems to feature a web services company that provides the following services:

  • Business Process Analysis
  • Mobile development
  • Web development
  • Software development

Among the other apps they have include:

  • KRKAPI
  • SM4RT Access
  • HitAPI
  • BitAPI

The App

We downloaded the app and then created an account on tradeogre.com. We then proceeded to generate our TradeAPI keys and inputted this on the app.

Note of caution: Since this is a third-party app, it would be wise to review API permissions.

There is a PRO version to the app that allows the user to place orders and support OgrAPI. The first option to “pay” is by activating ads. The second option is by making a contribution. For the purposes of testing, we Activated the ads.

Once we have that activated, we see in the ‘Market’ segment that it features:

  • Check your balance in one click
  • Place your buy/sell orders
  • Track your active orders
  • Access data and advanced charts for each trading pair

Verdict

Although the API allows these functionalities described above, we cannot find anywhere an option to send or receive bitcoins. In short, this app does not have a bitcoin wallet.

(dg)

Verdict Explained

This appears to not be a product to receive and send money.

As part of our Methodology, we ask:

Is it a wallet? If not, we tag it No Wallet

If it’s called “wallet” but is actually only a portfolio tracker, we don’t look any deeper, assuming it is not meant to control funds. What has no funds, can’t lose your coins. It might still leak your financial history!

If you can buy Bitcoins with this app but only into another wallet, it’s not a wallet itself.

But we also ask:

Was the product updated during the last year? If not, we tag it Stale!

Bitcoin wallets are complex products and Bitcoin is a new, advancing technolgy. Projects that don’t get updated in a year are probably not well maintained.

This verdict may not get applied if the provider is active and expresses good reasons for not updating the product.

The product cannot be independently verified. If the provider puts your funds at risk on purpose or by accident, you will probably not know about the issue before people start losing money. If the provider is more criminally inclined he might have collected all the backups of all the wallets, ready to be emptied at the press of a button. The product might have a formidable track record but out of distress or change in management turns out to be evil from some point on, with nobody outside ever knowing before it is too late.