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SimpleSwap: Crypto Exchange

latest release: 3.1.8 ( 23rd September 2021 ) last analysed  1st October 2021 Not a wallet 
4 ★★★★★
7
15th May 2020

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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.

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The Analysis 

(Analysis from Android review)

Google Play

It describes itself as an account-free cryptocurrency exchange. It appears to be similar to Buy Bitcoin & Crypto Exchange No Wallet  . The app does not have a wallet. Users can exchange cryptocurrencies by inputting the desired cryptocurrency, the amount, and the receiving address to receive it. Then an address is generated to send the currency the user would like to exchange

Verdict

This app does not have a bitcoin or any other wallet. The user would need to provide a third-party receiving wallet.

(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.