FX Coinlatest release: 1.11.2 ( 18th October 2021 ) last analysed 20th October 2021 Under development
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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 ¶
Note has to be made that there are several social media handles with the words fxcoin in it, across different countries.
The app allows the purchase of bitcoins using visa/mastercard, said app then transfers bitcoin to an address the buyer owns.
We downloaded the app on 2021-08-26 and clicking on ‘Add Funds’ then ‘Cryptocurrency’ results in an error ‘Something goes wrong. Please, try later.’
We then took a look at the Terms of the site, where in Section 6.1, it says:
The Company provides you with the Services to purchase supported cryptocurrencies by allowing you to pay for such supported cryptocurrencies by your bank card (debit/credit) and after a transaction is completed – receive purchased cryptocurrencies on a digital wallet you owned. The Company currently is not providing any other services in connections with cryptocurrencies such as store and manage of cryptocurrencies, digital wallets services. We will update you when any additional services will be offered by the Company.
Verdict is nowallet
We still have to analyze this product.
As part of our Methodology, we ask:Did we get to a conclusion on the transparency of this product yet? If not, we tag it Development
This product still needs to be evaluated some more. We only gathered name, logo and maybe some more details but we have not yet come to a conclusion what to make of this product.
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