Coindirectlatest release: 1.2.7 ( 21st July 2021 ) last analysed 22nd October 2021 Not functioning anymore
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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 ¶
Update 2021-10-14: This app is no more available.
The website states:
The majority of our users’ Bitcoins are kept securely in cold storage. This is equivalent to a digital bank vault.
this leads us to conclude the wallet funds are in control of the provider and hence custodial.
Our verdict: This ‘wallet’ is custodial and therefore is not verifiable.
This product went out of business ... or so. Read the analysis for details.
As part of our Methodology, we ask:Is the product still supported by the still existing provider? If not, we tag it Defunct!
Discontinued products or worse, products of providers that are not active anymore, are problematic, especially if they were not formerly reproducible and well audited to be self-custodial following open standards. If the provider hasn’t answered inquiries for a year but their server is still running or similar circumstances might get this verdict, too.
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