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
Update 2022-10-21: This app is not available anymore.
(Analysis from Android review)
NakitCoins Wallet, the easy way to get and start using Bitcoin and other Cryptocurrencies..
NakitCoins Wallet offers an easy and friendly visual experience, you will quickly get used to all of the features that our wallet offers. You will enjoy the possibility to label your transactions to sort your transaction and keep track of them with a private memo.
The website is incomplete, with pages such as the about us or terms without any content.
NakitCoins offers a non-custodial coin swap service on their website, although this service appears to be separate from the app.
We tried the app and registered. It’s possible to send and receive via BTC addresses. Alternatively, you have options to send money to another user or withdraw to a bank card, if applicable.
Users are not provided with an option to backup the wallet or view mnemonics.
In the case of this app, the user is not in charge of the keys. This app is custodial and as such, 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.