The title of this topic is clickbait. And I fell for it.
Strike!
For an average user like myself, I tend to rely on other people's experience and their reviews on how the wallet is and if it's reputable to trust with your funds. Your website tends to answer some of those questions, and having only three verifiable wallets' suggestion on your end doesn't seem to explain a lot for me. In the end, I still chose to have a hardware wallet that I know I would be in control of.
I only started the project and most wallets don't care cause users don't care yet. I expect many of the non-verifiable ones will slip into the verifiable section if people care.
Once people care, wallets that remain non-verifiable turn more into red flags by my estimate. Also I intend to raise the bar once people move towards caring.
Currently, being verifiable unfortunately doesn't mean that anybody would verify any code and we also have ideas how to fix that.
Count me in that category. Being verifiable does offer me much security in a sense that I cannot make the verification myself. I am not familiar with codes and I cannot for sure tell whether there are some bad codes inserted into it. But it definitely makes me feel easy knowing that verifiable means there are a lot of competent people out there, like you, who will do the work for the people like me.
Then verifiability is still for you. Only if a wallet is verifiable does the verification anybody does matter. You like 99.999% of all users take what's there on Google Play but if one researcher reviews the code and the code actually has to do with the app you are running (it is verifiable), you gain security from that guy doing his scrutiny.
By the way, a wallet that I am using right now falls under the no source category. I am using coins.ph as my local wallet. That is apparently worse than not verifiable. I am also using Electrum and it is still not the most secure apparently because it is not verifiable.
In the individual articles I only distinguish between "does not apply", "verifiable" and "not verifiable". No source being available is the easier version of not verifiable, as then I don't waste two hours trying to compile stuff but it's certainly alarming as that means the provider does not want public scrutiny as he could release the code under a license that doesn't allow competition instead.
I also have eidoo and exodus wallets. I cannot find both of them on the list, though.
This is a great guide. Thanks for this.
Are those Android wallets? If you want, share a link on
our reddit.
Where is the bitcoin core fall into?
If you are talking about the Bitcoin Core I know, then that is not an Android wallet and in terms of verifiability it ranks in its own class well above all there is on Android, as it actually gets smore scrutiny than all other wallets combined.