Capex.comLatest release: 1.34 ( 29th April 2022 ) 🔍 Last analysed 1st October 2021 . Can't send or receive bitcoins
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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 its Google Play description it lists its functions as:
CFD Trading on the world’s most popular financial instruments: Currencies, Oil, Gold, Silver, Bitcoin, Apple, Facebook, Ethereum, Tesla, DJIA, DAX 30, S&P, NASDAQ and more
The App and the Verdict
We downloaded the app and registered. Unlike most other apps that we have so far reviewed, the sign up process is very tedious. It required several information including the Tax Identification Number, profession, educational attainment, whether the user is a politically exposed person, annual income, savings and investment, source of income, amount to invest every year, average yearly disposable income, where the funds would come from, origin of incoming funds, bank name, country and more.
It has a page for Bitcoin, which states:
Trading Bitcoin via CFDs doesn’t require an exchange account or a wallet, so no security concerns or withdrawal fees for you to worry about.
Given that this is a CFD trading app, our verdict is that this app does not send or receive bitcoins.
The product can't send or receive BTC.
As part of our Methodology, we ask:Can it send and receive bitcoins? If not, we tag it No send/receive!
If it is for holding BTC but you can’t actually send or receive them with this product then it doesn’t function like a wallet for BTC but you might still be using it to hold your bitcoins with the intention to convert back to fiat when you “cash out”.
All products in this category are custodial and thus funds are at the mercy of the provider.
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