Gekkard: Prepaid Card & WalletApp Store
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)
This app is from the same providers as
Gekkard is a mobile banking app that gives you access to the European IBAN account with a payment card and provides you access to partner’s digital investment opportunities!
Gekkard claims to use a partner’s investment ecosystem, Gekkoin.
Take the most out of Gekkard and use our partner’s investment ecosystem Gekkoin* linked with your Gekkared account. This way you can bring your financial management to the new level:
Buy and sell cryptocurrency on Gekkoin* ecosystem exchange without additional AML compliance: set up your Gekkoin* crypto wallet and buy Gekkoin Europe (EURG) in order to invest in Bitcoin, Ethereum and Monero.
At the end of the description, there is a note saying that ‘Gekkoin’ is:
Represented by a licensed cryptocurrency exchange AtlantEX OÜ
If we suspect that fraudulent activity is being conducted on your User Account, you acknowledge that for the purpose of protecting you we have the right to temporarily suspend your User Account in order to prevent further or continuing the unauthorized activity.
Additionally, 8.4 also states that this platform is able to suspend your account:
If you attempt to close your User Account during our investigation, we may hold back your funds for a period of up to 180 days, for the purpose of protection of Adventarium or third parties from the risk of cancellation, refund, lawsuit, payment of fees, levies, fines, and other financial obligations.
We tried the app. However, before registration, the app states that it requires identity verification. Users must provide documents such as a selfie photo, valid government issued ID, and Proof of Residence.
We conclude that this is a custodial app 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.