Aries: Trading Simplified.App 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)
Research, analyze, and invest in stocks, ETFs, crypto, and options on Aries Financial, all commission-free, zero account minimums, offered through TradeStation Securities, Inc.
Aries is a trading app, and while there is mention of cryptocurrencies you can trade, there’s no confirmation on if it can be used as a wallet.
From the Terms, Your Account:
We must not be liable to make any compensation, monetary or otherwise, following such suspension, termination or inability to use our Services. You are responsible for any fees that we incur with respect to your Account as a result of any of the foregoing.
Multiple passages in the terms state that Aries will be able to terminate your account or your access to its services.
Notably, we also find this:
You acknowledge that your Account is not a Bank nor Deposit account and that our Services do not qualify as financial instruments, nor does your Account incur any interests on any funds or Digital Assets you use to purchase or trade for any other assets.
There’s no information on cold storage, keys, or wallets on the website. It appears as though Aries is a trading app.
Attempting to register will take you to their partner’s site, Tradestation. To sign up, you are required to fill out a form that asks for personal information such as full name, birthday, address, country of residence, and occupation.
You will have to wait for them to process and approve your account before you are granted access.
We conclude that this app, while it lets you buy and sell bitcoin, will not allow you to send or receive BTC.
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.