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)
App Description from Google Play
Xfacia is one of the world’s largest cryptocurrency-fiat exchange platforms serving millions of customers worldwide
At Xfacia, you get investment in secure operations amalgamated with industry-leading security and stability.
- THE XFACIA WALLET
4.1 Supported Cryptocurrencies The Xfacia wallet allows you to send, receive and store cryptocurrency (together, “Wallet Transactions”). The Xfacia wallet is only available in relation to the cryptocurrencies that Xfacia, in its sole discretion, decides to support (“Supported Cryptocurrency” or “Supported Cryptocurrencies”). The Supported Cryptocurrencies may change from time to time. Under no circumstances should you attempt to carry out a Xfacia wallet Transaction in relation to a cryptocurrency other than a Supported Cryptocurrency.
This app is an exchange with multiple wallet support. It does not feature private key backup and restoration, and as such is a custodial provider with an app that 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.