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
(Analysis from Android review)
It’s a multi-currency wallet that supports BTC, ETH, DASH, XRP and others. It also supports linking Mastercard to the wallet.
Teroxx has an AML/KYC Policy (Downloadable PDF)
We downloaded the app and registered. We then verified the email address. We then proceeded to “Wallets”. To access all the features of the app, we were asked to verify phone number as well as scan a valid ID and take a selfie.
Searching for the words “private keys” or “seeds” did not yield any results on their website. Without providing our KYC information, we were not able to access most of the functionalities of the app except for the “Market Viewer” which displayed the coins and their prices.
This is a custodial service which makes the app 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.