Velas Mobile WalletApp 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)
Update 2023-10-31: The provider’s website does not link an Android app anymore. The mobile-wallet repository was also removed. There are forks on GitHub but not with version 2.3.17. We have to consider this product closed source for now.
Update 2022-03-11: Emanuel managed to build the latest version
not to reproduce the version from Play Store.
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.
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.
Wallets are available for:
- Google Play
- Mac OS
- Web Wallet
We downloaded the app and assigned a password. The seed phrase is composed of 24 words.
This app is self-custodial. We are trying to find out if it is reproducible here.
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.