CoinDeal - Bitcoin Buy & Selllatest release: 1.0.6 ( 18th August 2020 ) last analysed 17th August 2021 Not updated in a while
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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.
The Analysis ¶
This is an exchange based app wallet, meaning it is mainly developed to manage trading on an exchange. The exchange provider typically stores users bitcoins, partly in cold storage, partly hot.
This leads us to conclude the wallet funds are in control of the provider.
Our verdict: This ‘wallet’ is custodial and therefore is not verifiable.
This product did not get updated in over a year.
As part of our Methodology, we 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.
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