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)
(Note: all of the quotes below are translated from Spanish by Google)
From the app’s description:
CAPITALIKA® It is the first platform that allows formalizing and legalizing Cryptocurrency investments in traditional Latin American financial markets. Buy, sell, transfer and monetize your Bitcoin and Ethereum quickly, legally and safely.
This is a Spanish trading app which offers support for BTC, ETH, LTC, XRP and USDT.
From the site:
Capitalika formalizes the Cryptocurrency Market Receive, store, send, buy, sell and use cryptocurrencies (such as Bitcoin or Ethereum) and traditional money easily, quickly and safely.
A Bank 2.0? Better! The evolution of Capitalika is: Cryptocurrencies + Traditional money + VISA debit cryptocard + Payments between friends + Simple exchanges.
Capitalika states that users can receive, store, and send cryptocurrencies. It also states that cryptocurrencies are protected with “cold security wallets,” which is often a trait of custodial offerings.
We checked the FAQ page but found no indication of self-custody.
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.