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COINiD Vault

Latest release: 1.5.5 ( 20th February 2021 ) 🔍 Last analysed 16th February 2022 . Failed to build from source provided! Not updated in a while
4.2 ★★★★★
14 ratings
2nd October 2018

Jump to verdict 

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Please help us spread the word discussing build reproducibility with COINiD Vault  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 

This provider states in the App Store description:

Check out the offline device guide on our website.

but forgot to provide a website. We’ll go with the one provided for their Android app COINiD Vault as there is not much information to be found on the App Store.

On their code repository we find this:

Proper readme coming soon.

and this:

We are currently not including the secrets.js in the repo.

which means there is no full build instructsions and the app is therefore not verifiable.

(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.

But we also ask:

Was the product updated during the last year? If not, we tag it Stale!

Bitcoin wallets are complex products and Bitcoin is a new, advancing technolgy. Projects that don’t get updated in a year are probably not well maintained.

This verdict may not get applied if the provider is active and expresses good reasons for not updating the product.

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.