Flitpay: Crypto ExchangeApp 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)
Our initial assessment points to this app as a custodial offering because it is a centralized exchange.
This information is included in their Terms and Conditions page:
The Flitpay wallet and Exchange.
Supported Cryptocurrencies. The Flitpay wallet allows you to send, receive and store cryptocurrency (together, “Wallet Transactions”). The Flitpay wallet is only available with the cryptocurrencies that Flitpay, in its sole discretion, decides to support.
This is the most telling phrase about its custodial nature:
Transaction instructions. Flitpay will process Wallet Transactions according to your instructions.
It also shares information with third parties:
Sharing User Information. In the course of processing a Wallet Transactions, Flitpay may be required to share your user information with other contractual third parties, or as required under applicable laws or demanded upon a lawful request by any governmental authority. You hereby irrevocably grant full permission and authority for Flitpay to share this information with such contractual third parties, or as required under applicable laws or demanded upon a lawful request by any governmental authority, and release Flitpay from any liability, error, mistake, or negligence related thereto.
This app is custodial 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.