Pionex - Buy BTC and ETHApp 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
Update 2022-03-17: This app is not available anymore.
(Analysis from Android review)
Update 2022-02-18: This app is not on the Store anymore.
NOTE: This app is not to be confused with
Pionex Lite is a product that supports U.S. dollar purchases of Bitcoin and Ethereum. The style of the APP is 「simple and convenience」, which minimizes the difficulty for users to use, so that users who do not understand Bitcoin or investment can easily use it.
From the User Agreement, 6.7.1:
The Company maintains a stance of cooperation with law enforcement authorities globally and will not hesitate to seize, freeze, terminate the account and digital assets of users which are flagged out or investigated by legal mandate.
Pionex Lite is capable of freezing your funds or suspending your account.
We tried the app and registered. You must complete KYC verification before you are able to withdraw or deposit in your account.
This app is custodial and 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.