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Admirals

latest release: 5.7.1 ( 4th November 2021 ) last analysed  16th October 2021 Can't send or receive bitcoins 
5 ★★★★★
4
28th June 2017

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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.

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The Analysis 

(Analysis from Android review)

Description

trade CFDs on Forex, ETFs, Stocks, Indices, Metals, and Bonds

The Site

In some jurisdictions, the site displays a Digital Currency CFDs Trading page. It offers these features:

  • Competitive Leverages Rates (Up to 1:5 for Professional Clients)
  • 24/7 Trading
  • Go long or short on any digital currency CFD (no actual digital assets are required)

A few of their featured trading pairs include:

  • BTCUSD
  • ETHUSD
  • XRPUSD

Note Certain jurisdictions may show this message instead when trying to access their Cryptocurrency CFDs page

Unfortunately, this section is not available for the current selected regulator. In order to view this page, please return back for the previous regulator

Deposits can be made through these:

  • Bank Transfer
  • Klarna
  • Visa and Mastercard
  • Paypal
  • Skrill
  • Neteller
  • Safety Pay
  • Przelewy
  • iDEAL

Withdrawals are only available in:

  • Bank Transfer
  • Paypal
  • Skrill
  • Neteller
  • iBank&BankLink

Verdict

Since this app trades in CFDs, and only accepts traditional modes for deposit/withdrawal, it cannot send and receive bitcoins.

(dg)

Verdict Explained

The product can't send or receive BTC.

As part of our Methodology, we ask:

Can it send and receive bitcoins? If not, we tag it No send/receive 

If it is for holding BTC but you can’t actually send or receive them with this product then it doesn’t function like a wallet for BTC but you might still be using it to hold your bitcoins with the intention to convert back to fiat when you “cash out”.

All products in this category are custodial and thus funds are at the mercy of the provider.

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.