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 ¶
The app is similar to, and has the same functionality as:
OgrAPI - TradeOgre No Wallet
App Description
KrakAPI allows to:
- Check your kraken balance in one click
- Place your buy/sell orders (limit, market, stop-loss and take-profit)
- Trade with leverage (margin trading, open/close positions)
- Track your kraken open/closed orders
- Follow kraken markets in real time
- Access data and advanced charts for each trading pair (incl. ask/bid)
- Read news from specialized press (Bitcoin, Ethereum, Altcoin and Blockchain)
With KrakAPI you will be able to trade and monitor following coins from kraken exchange platform: Bitcoin (XBT), Ethereum (ETH), Litecoin (LTC), Ether Classic (ETC), Gnosis (GNO), Iconomi (ICN), Augur (REP), Melon (MLN), Dogecoin (XDG), Lumen (XLM), Monero (XMR), Ripple (XRP), Zcash (ZEC), BCH, EOS, DASH, USDT, ATOM, QTUM, Tezos (XTZ), Cardano (ADA)
Available Fiat currencies : EUR/USD/GBP/CAD/JPY
KrakAPI is not an official kraken application.
The App
The app needs a Kraken API-Key and Private Key.
Verdict
This app does not have the functionality of 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 WalletIf 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.
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