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Jeroid

latest release: 1.3.5 ( 14th October 2021 ) last analysed  4th November 2021 Can't send or receive bitcoins 
2.9 ★★★★★
76
27th February 2021

Jump to verdict 

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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.

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)

App Description

Buy and Sell Bitcoins, and trade for giftcards.

Google Play Critical Reviews

adebayo samson
★☆☆☆☆ October 4, 2021
This app is the most annoying app I have ever used,tried to trade my card and for the past 1hour all I get is pending,how on earth will trade take that long,1st impression says it all I won’t advice anyone to download or use this all or else I get something done to it positively

The Site

How to Sell Bitcoin on Jeroid

  • Click on TRADE BITCOIN
  • Select wallet type you are sending from
  • Enter amount in USD
  • The amount you will receive will be displayed below according to the current market rate
  • The Bitcoin wallet address would then appear. Scan or Copy address then send coins
  • Upload proof of payment
  • Select account you want to receive payment to and click CONTINUE
  • Review transaction then SUBMIT

Trading Giftcards for Bitcoin

How do I get paid?

After successful validation of your Giftcards the trade value is added to the customerJeroid’s (sic) wallet.

The App

We were asked to register an account and had to input details such as name, phone number, and confirm our email addresses via an OTP. We were also asked to set a PIN for the account and add a bank account.

Please add your Nigerian Bank Account to receive funds from your transactions.

When selling Bitcoin, we are presented with a dropdown menu with 4 options:

  • Blockchain
  • Binance
  • Bitcoin ATM
  • Others

Verdict

The app seems to facilitate the trading of gift cards, represented in Naira. However, funds will be withdrawn to the user’s bank account in fiat. This app is not meant to hold your bitcoins.

(dg)

Verdict Explained

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.

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.