BTCC-Trade Bitcoin & CryptoApp Store
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)
In its Google Play description:
The BTCC app allows you to register, deposit and trade within 30 seconds. It further allows you to enjoy trading cryptocurrency futures anytime, anywhere. In addition to the major currencies such as BTC, ETH, BCH, LTC, ADA, EOS, XRP, LINK, DOT, UNI, DASH, DOGE, FIL, XLM are also available. Leverage is as much as 150 times your total capital.
Registration was quick and we were able to access the “Deposit” function with the minimum requirements. True enough, a wallet address was generated but with no indication of where the private key might be stored. As this is a centralized exchange, we can assume that it is custodial.
Its Terms and Conditions require AML, KYC, CTF requirements as well as several forms of ID verification.
Interestingly, this exchange also trades in cryptocurrency CFDs. Under normal circumstances, we label exchanges with this function as not having the ability to send or receive bitcoins or other cryptocurrencies. However, since we tested the platform and found that it can send and receive cryptocurrencies, we deem this to be a custodial service and thus 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.