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NitroBot-Auto Trade by NitroEx

Latest release: 5.0.2 ( 3rd March 2022 ) 🔍 Last analysed 3rd November 2021 . Not a wallet
1 ★★★★★
1 ratings
9th December 2020

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The Analysis 

(Analysis from Android review)

⚠️ Caution: Some users have described this app as a scam.

App Description

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.

Michael Loudermilk
★☆☆☆☆ January 16, 2021
Scam Alert!! Do not put money in this.

The Site

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)

The App

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.

Verdict

Judging from its description and name, this is not a bitcoin wallet at all, but a cryptocurrency trading bot.

(dg)

Verdict Explained

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.