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)
From its Google Play app summary:
digitalexchange.id is a trading platform for crypto assets in Indonesia. Users can trade crypto assets such as Bitcoin, Ethereum and other crypto assets safely and conveniently. digitalexchange.id is legal and officially registered with CoFTRA with number 008/BAPPEBTI/CP-AK/2020, PSE Kominfo with number 00286.01/DJAI.PSE/03/2021, and has been certified ISO 270001: ISMS1001099. digitalexchange.id is registered with the Indonesian Blockchain Association (ABI), the Indonesian Crypto Asset Traders Association (ASPRAKINDO) and appointed as the ICDX Crypto Asset Exchange Committee.
Most centralized exchanges are custodial in nature.
From its Terms of Services page:
Traders must register and open an account at digitalexchange.id and deposit digital assets before starting trading. Traders can request withdrawal of their digital or fiat (IDR) assets and submit to the restrictions as stated in the Terms and Conditions.
Wallet generation does not involve mnemonics nor was there any mention of private keys.
This app is custodial and therefore 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.