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)
Updated Review 2023-05-04
We were finally able to successfully register using a different email address.
- The app features a BTC wallet that can send and receive
- However, the seed phrases were not provided.
- Documentation is still sparse as we believe the app is still in development.
Absent the private keys, this is highly likely to be a custodial provider.
App Description from Google Play
Bancryp is the 1st Brazilian cryptobank and our mission is to democratize access to buy and sell Bitcoin.
With a free digital account, you can move Reais & Cryptocurrencies in a single application, have a card with cashback in cryptocurrencies and an innovative rewards program.
We had some difficulty translating the functions of the app as well as in signing-in.
The old app is:
We’ll update the information here as soon as we have the necessary information. Our support ticket number is #11852
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.