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Aladdin Wallet

latest release: 1.3.3 ( 12th February 2020 ) last analysed  9th October 2021 Not updated in a while 
5 ★★★★★
16th August 2019

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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 

(Analysis from Android review)

Note that this app is not the same as Aladdin Wallet. From the Aladdin Wallet website:

Aladdin Wallet has developed two wallet services. Aladdin Wallet is a non-custodial wallet that allows users to have full control of their accounts while the Aladdin Pro Wallet is a digital wallet with multi-layer protection that enhances transparency and defense against malicious hackers.

From its Google Play page:

The Aladdin Pro Wallet is a custodial wallet that gives users an easy-to-use and reliable digital asset storage to keep their cryptocurrencies secured at all times.

Note that there are two Alladin wallets currently on Google Play: Alladin Pro and Alladin Wallet. Both are made by ABBC Payment Services Provider.

Even though wallets can be restored via mnemonic phrase, additional layers for security indicate that it is really a custodial wallet. This is proven in page 29 of the Alladin Pro User Manual which shows that transactions have to be approved or rejected by Alladin Pro Wallet admins.

This app is custodial and thus not verifiable.


Verdict Explained

This product did not get updated in over a year.

As part of our Methodology, we 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.