NitroBot-Auto Trade by NitroExlatest release: 5.0.1 ( 29th December 2021 ) last analysed 3rd November 2021 Not a wallet
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Do your own research!
Try out searching for "lost bitcoins", "stole my money" or "scammers" together with the wallet's name, even if you think the wallet is generally trustworthy. For all the bigger wallets you will find accusations. Make sure you understand why they were made and if you are comfortable with the provider's reaction.
The Analysis ¶
(Analysis from Android review)
⚠️ Caution: Some users have described this app as a scam.
The trading bot claims to work with cryptocurrency exchange NitroEx along with other cryptocurrency exchanges.
Google Play Critical Reviews
We’ve included this review in order to give the user a warning - however unsubstantiated or elaborated on. After all, cryptocurrency trading bots, can trade user accounts’ funds.
★☆☆☆☆ January 16, 2021
Scam Alert!! Do not put money in this.
NitroBot Google Play app’s listed website points to a cryptocurrency exchange called NitroEx. We assume that the bot was designed to be used for this exchange and others as it claims.
There is a Technical Paper for the bot (PDF)
We downloaded and installed the app. However the SMS OTP didn’t arrive. Therefore we were not able to test out the bot’s features.
Judging from its description and name, this is not a bitcoin wallet at all, but a cryptocurrency trading bot.
This appears to not be a product to receive and send money.
As part of our Methodology, we ask:Is it a wallet? If not, we tag it No Wallet
If it’s called “wallet” but is actually only a portfolio tracker, we don’t look any deeper, assuming it is not meant to control funds. What has no funds, can’t lose your coins. It might still leak your financial history!
If you can buy Bitcoins with this app but only into another wallet, it’s not a wallet itself.
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