QPocketLatest release: 5.4.0 ( 2nd December 2020 ) 🔍 Last analysed 26th December 2022 . No source for current release found Not updated in a long time
Without public source of the reviewed release available, this product cannot be verified!
As part of our Methodology, we ask:
Is the source code publicly available?If the answer is "no", we mark it as "No source for current release found".
A wallet that claims to not give the provider the means to steal the users’ funds might actually be lying. In the spirit of “Don’t trust - verify!” you don’t want to take the provider at his word, but trust that people hunting for fame and bug bounties could actually find flaws and back-doors in the wallet so the provider doesn’t dare to put these in.
Back-doors and flaws are frequently found in closed source products but some remain hidden for years. And even in open source security software there might be catastrophic flaws undiscovered for years.
An evil wallet provider would certainly prefer not to publish the code, as hiding it makes audits orders of magnitude harder.
For your security, you thus want the code to be available for review.
If the wallet provider doesn’t share up to date code, our analysis stops there as the wallet could steal your funds at any time, and there is no protection except the provider’s word.
“Up to date” strictly means that any instance of the product being updated without the source code being updated counts as closed source. This puts the burden on the provider to always first release the source code before releasing the product’s update. This paragraph is a clarification to our rules following a little poll.
We are not concerned about the license as long as it allows us to perform our analysis. For a security audit, it is not necessary that the provider allows others to use their code for a competing wallet. You should still prefer actual open source licenses as a competing wallet won’t use the code without giving it careful scrutiny.The product cannot be independently verified. If the provider puts your funds at risk on purpose or by accident, you will probably not know about the issue before people start losing money. If the provider is more criminally inclined he might have collected all the backups of all the wallets, ready to be emptied at the press of a button. The product might have a formidable track record but out of distress or change in management turns out to be evil from some point on, with nobody outside ever knowing before it is too late.
But we also ask:
Was the product updated during the last two years?If the answer is "no", we mark it as "Not updated in a long time".
Bitcoin wallets are complex products and Bitcoin is a new, advancing technolgy. Projects that don’t get updated in a long time are probably not well maintained. It is questionable if the provider even has staff at hands that is familiar with the product, should issues arise.
This verdict may not get applied if the provider is active and expresses good reasons for not updating the product.
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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)
From Google Play:
QPocket is a secure mobile crypto wallet that supports Ethereum (ETH) , ERC20, Tron (TRX) tokens and their DApps. It aims to provide users with a simple, secure and fully functional portal to blockchain, which offers asset management, DApps, payment, exchanges and more functions.
QPocket can also support BTC wallets. It advertises being able to use one crypto wallet, with multiple crypto assets.
Users can own Ethereum (ETH) , ERC20, Tron (TRX) accounts at the same time by creating only one HD wallet address. EOS, Bitcoin (BTC), Litecoin (LTC), DASH, Ripple (XRP) and more to come!
In the official website, QPocket says that it has the capability to support multiple HD wallets.
Users can import mnemonics created in other wallets and have infinite sub wallets for free.
We tried the app. We were provided with the 12-word mnemonic and then asked to save it.
The repositories last commit is from “Jun 18, 2020” and contains only 5 commits for version 5.3.1. On the other hand, the Play Store app was last updated in May 6, 2021, at version 5.4.2 and has had several versions before that.
Unfortunately, as this source code is outdated, we cannot verify this app.
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