Ethos - Universal 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
Update 2022-10-21: This app is not available anymore.
STATE-OF-THE-ART SECURITY - No more managing multiple private keys and wallets. With the Universal Wallet, you generate a single Ethos SmartKey for each wallet instance you create, and it takes care of the rest – providing automated maximum security management of all of your digital assets. You remain in complete control at all times. Lose your phone? Simply restore your cryptocurrency wallet and regain control of your funds using your Ethos SmartKey. Self-Custody at its finest!
so they claim self-custody but using some [brand name] SmartKey which definitely does not sound like a standard other wallets would support. What if they go out of business? Judging by the most recent ratings, that’s exactly what happened already but the comments also sound like the SmartKey is just BIP39 24 words mnemonic, so a broadly used standard after all.
We can’t find any source code and thus consider the app not verifiable.
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.