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)
(All quotations are translated from the original Spanish)
Buy and sell Bitcoin, Ethereum, Litecoin, USDC and more cryptocurrencies in just a few steps. Send and receive Bitcoin easily, instantly and with the best commissions in the market. Expect more features in the next update.
This exchange allows you to buy, sell, send, and receive cryptocurrencies, but it is not mentioned who holds the users’ private keys.
The site requires you to join a waiting list to open a new account.
In section 17.2 of the Terms and Conditions, it is confirmed that this is a custodial offering as the providers are capable of suspending the client’s account.
Tauros and Cacao reserve the right to suspend, cancel or modify any aspect of the Client’s Cacao Account and/or Wallet, or its availability, at any time without prior notice, without incurring any liability. In addition, in relation to the Services and the Wallet offered by Tauros, Tauros reserves the right to suspend, modify, deactivate or cancel the Clients’ Account, as well as their access to all or part of the Services immediately and without prior notice.
As this app is custodial, it is 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.