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Velas Mobile Wallet

latest release: 2.1.0 ( 19th November 2021 ) last analysed  17th November 2021 Failed to build from source provided! 
2.6 ★★★★★
7
12th December 2020

Jump to verdict 

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Please help us spread the word discussing build reproducibility with Velas Mobile Wallet  via their Twitter!

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.

If you find something we should include, you can create an issue or edit this analysis yourself and create a merge request for your changes.

The Analysis 

(Analysis from Android review)

Update 2021-11-17: This app is missing build instructions. We have hope to see this be reproducible in the foreseeable future as the provider has ambitions to be listed in FDroid. Watch this issue for progress.

App Description

Velas Wallet is a secure, easy-to-use and completely free application to manage your cryptocurrency. With Velas Wallet you can not only store digital currencies, but also actively use them; pay bills, make purchases, and pay for other services by using a QR code.

With this release, the Velas Wallet now has staking functionalities and token holders can earn rewards for securing and maintaining the Velas Network.

Decentralization and Anonymity Velas Wallet is a fully decentralized application. We don’t store any of your data, nor do we require any verification for basic services. The Velas team has no access to your funds, as your Wallet’s mnemonic phrase is only stored by the user themselves.

Convenience & Easy to use:

  • Multi-language support.
  • Multi-currencies: VLX, BTC, ETH, SYX, USDT & LTC
  • Available for all countries - no geo restrictions.
  • Activity log: view your transaction history.
  • Fingerprint authentication.

The Site

Wallets are available for:

  • Google Play
  • Mac OS
  • Linux
  • Windows
  • Web Wallet

The App

We downloaded the app and assigned a password. The seed phrase is composed of 24 words.

Verdict

This app is self-custodial. We are trying to find out if it is reproducible here.

(dg, em, lw)

Verdict Explained

We encountered a build error while compiling from source code!

As part of our Methodology, we ask:

Can the product be built from the source provided? If not, we tag it Build Error! 

Published code doesn’t help much if the app fails to compile.

We try to compile the published source code using the published build instructions into a binary. If that fails, we might try to work around issues but if we consistently fail to build the app, we give it this verdict and open an issue in the issue tracker of the provider to hopefully verify their app later.

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.