Vivid: Mobile BankingGoogle Play
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
Vivid is a brand new mobile banking and investing app. Online banking and commission-free investing belong together and should be easy.
From their website’s ‘help’ section in response to the question: “Do I own real cryptocurrencies?”
No, you don’t. With Vivid Invest we offer trading via Fractional Сoins. Fractional Coins are investment products; one-to-one bilateral agreements (so-called OTC derivatives) with specific cryptocurrencies as underlying. The price of your Fractional Coins reflects a real coin’s price movements 1:1. There is no leverage.
We conclude that this app cannot send our receive actual Bitcoins.
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.