Freewallet Review 2023 - Is It Safe? (2024)

Freewallet Review 2023 - Is It Safe? (1)

Freewallet Review 2023 - Is It Safe? (2)

3.7 / 5

270 user reviews

4.4 / 5Our Score

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Expert Review

Freewallet Review 2023 - Is It Safe? (3)

Written byJonathan

Journalist, cryptocurrency enthusiast. I've being investing in cryptocurrencies since 2016. I hold a Bachelor's degree in civil engineering.

Mar 11, 2021

Freewallet is one such wallet that offers users the ability to store and manage their digital assets in a secure and convenient way. In this review, we will take a closer look at Freewallet and its various features.

Ease of Use:

One of the standout features of Freewallet is its ease of use. The wallet has a user-friendly interface that is easy to navigate, making it an ideal choice for both new and experienced cryptocurrency users. The registration process is straightforward, and users can get started with just a few clicks. The wallet is also available on both Android and iOS devices, making it accessible to a wide range of users.

Security:

Security is a top priority when it comes to cryptocurrency wallets, and Freewallet takes this seriously. The wallet uses multiple layers of security to ensure that users' digital assets are safe and secure. One of the security features used by Freewallet is the two-factor authentication (2FA) process, which requires users to verify their identity with a code sent to their email or mobile device before they can access their account.
Additionally, Freewallet stores the majority of users' funds in cold storage, which is disconnected from the internet and thus less vulnerable to hacking attempts. The wallet also offers users the ability to set up a PIN code and fingerprint authentication to further secure their accounts.

Supported Currencies:

Another key feature of Freewallet is the wide range of cryptocurrencies it supports. The wallet supports over 100 different cryptocurrencies, including popular options such as Bitcoin, Ethereum, and Litecoin, as well as lesser-known options such as Zcash and Bytecoin. This makes it a great option for users who want to manage multiple cryptocurrencies in one place.

Customer Support:

In the event that users encounter any issues while using Freewallet, the wallet offers customer support via email, live chat, and social media channels such as Twitter and Facebook. The support team is available 24/7 to assist with any issues that users may have. Additionally, the wallet has an extensive FAQ section on its website that provides answers to many common questions.

Fees:

Freewallet charges fees for certain transactions, such as exchanging one cryptocurrency for another or sending funds to an external wallet. The fees charged by Freewallet are generally competitive with other wallets and exchanges in the cryptocurrency space. However, some users have reported that the fees can be higher than expected in some cases.
Conclusion:
Overall, Freewallet is a user-friendly and secure wallet that supports a wide range of cryptocurrencies. The wallet's ease of use, strong security features, and extensive customer support make it a great option for both new and experienced cryptocurrency users. While the fees charged by the wallet can be higher than expected in some cases, they are generally competitive with other wallets and exchanges in the cryptocurrency space. If you are looking for a reliable and convenient way to store and manage your digital assets, Freewallet is definitely worth considering.

Our Score

Security4 / 5

Support5 / 5

Ease of use4 / 5

Reputation5 / 5

Fees4 / 5

Our Score

4.4 / 5

Pros and Cons
pros

- In-built exchange
- Multi-currency wallet
- Credit cards accepted
- Multi-language user-friendly interface

cons

- Customer service needs improvements
- No backup for Crypto Wallet

Freewallet Review 2023 - Is It Safe? (5)

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User reviews

Iangelv22 Aug

1.0

So I became a victim of scammers, I faced such a brazen deception for the first time. Threw small amounts - everything is ok, it worked. Threw 1.5 thousand dollars - account blocking without explanation, that's the whole story. I found a link to a class action lawsuit, I will file it. For those who are interested, read the article https://forum.bits.media/index.php?/topic/162520-freewallet-scam-purse-mass-scam/#comment-2335907.

Лена12 Aug

1.0

Я в тильте, не ожидала, что этот бедокошелек окажется обманом. СНачала всё было хорошо, пару операций прошли успешно, но крупную сумму вывести не получилось монеты просто пропали

Freewallet

13 Aug

Hello,
Unfortunately, we couldn't locate an account or support request associated with your name. Could you please share your ticket number or User ID so we can look into the details? Looking forward to your update!

Илья03 Aug

1.0

Создателей этого криптокошелька людьми точно не назовешь - скорее черти! Даже мои копейки - и те украли. Вообще не церемонятся скамят всех подряд. Почитал на форумах, люди жалуются, что их тоже кинули.

Freewallet

09 Aug

Hello, if we can be of assistance, please share your ticket number. Looking forward to your update!

Freewallet

04 Aug

Hello, unfortunately, people quickly proclaim any service a scam when something goes differently than expected. We would like to stress that no funds were ever stolen by Freewallet. Please share your ticket number so we can look into its details.

Василий03 Aug

1.0

Не могу поверить, как меня обманули в FreeWallet. Пополнил свой аккаунт на пару тысяч баксов, собирался заняться криптой. Но, как только решил перевести свои средства, мой аккаунт был заморожен. Писал в поддержку, ждал ответа неделями, но безрезультатно. Потом наткнулся на статью на bits.media, где много людей жаловались на такую же ситуацию. Невероятно, что такие компании все еще существуют! Мне кажется, меня обманули более, чем на 5000 долларов. Печально, что такой криптокошелек, как FreeWallet, ведет себя таким образом. Будьте осторожны, ребята, не доверяйте свои деньги этой компании.

Sophia

08 Aug

I fell victim to some scam forex trading platform and I lost a lot of my funds to them but thanks to Lisa for her help in getting my funds recovered. She work with a recovery company called Lost funds rescue and you can as well reach to their webmail via support @ Lfrescue. org. I got all my funds recovered after reporting to Mrs Lisa via her mail Lisa.Eric @ proton .me or WhatsApp + 1 (470 ) 469-9769 if you need help in getting your lost funds back as well.

Freewallet

03 Aug

Hello, the safety of customers' funds is our top priority. Therefore, some of our users pass the verification procedure to prevent hacking attempts and require complying with international laws, including those that combat money laundering and other illegal financial activities. Throughout the verification procedure, users' funds remain untouched in complete safety on their accounts. Could you please update your review with your support ticket number? We'll be happy to look into all details.

Иван02 Aug

1.0

У кого деньги лишние - пожалуйста обращайтесь! Будут петь про техсбой, а вы верьте! С этим криптокошельком не то, что не разбогатеешь, а ещё и должен останешься ...

Freewallet

03 Aug

Hello, there are not enough details to identify your support request. Please update your review with the ticket number or your User ID so we can look into the details. Looking forward to your update!

2354

Freewallet Review 2023 - Is It Safe? (2024)

FAQs

Is Freewallet safe and legit? ›

Overview. Freewallet has a rating of 4.2 stars from 96 reviews, indicating that most customers are generally satisfied with their purchases. Reviewers satisfied with Freewallet most frequently mention tech support, long time, and mobile app. Freewallet ranks 7th among Cryptocurrency Other sites.

Is Freewallet real? ›

Freewallet is a cryptocurrency wallet that allows users, worldwide, to buy, store, send, and exchange over 150 cryptocurrencies. Freewallet secure transactions and keep your assets safe with 2fac authentication, fingerprint login, pin code lock capabilities.

How do I get my money out of Freewallet? ›

Just follow these simple steps to make the transaction:
  1. Tap Plus button and go to Send.
  2. Tap wallet address.
  3. Paste or scan the wallet address and select the destination chain.
  4. Enter the amount. It will be converted at the best exchange rate available at the moment.
  5. Check all the details and confirm.

Can I use Freewallet without verification? ›

We will use your data for verification purposes only. Buying cryptocurrency without verification is not possible.

Which is the safest online wallet? ›

Google Pay. Google Pay / Android Pay is basically a mobile application for the Android operating system. The digital wallet stores credit and debit cards in one place. All user data is safe in these digital wallets.

Which wallet is safest? ›

Coinbase – One of the Safest Custodial Crypto Wallets

Coinbase offers one of the safest ways to store crypto online. While its wallet is custodial, it comes jam-packed with security features. For example, all Coinbase accounts must be secured with two-factor authentication.

How much does Freewallet charge to withdraw money? ›

A fee of $2 is charged for withdrawing funds from an ATM, but no commissions are charged on POS transactions.

Where is Freewallet based? ›

About Freewallet

Freewallet develops digital currency wallets with a built-in exchange for the web, iOS and android devices capable of holding 100 cryptocurrencies, including bitcoin, ethereum, litecoin, dogecoin, monero, and bytecoin in one place. It is based in Hong Kong.

What is the safest crypto wallet app? ›

Coinbase Wallet is our pick as the best crypto wallet for beginners because it's an intuitive and highly secure wallet backed by a well-known exchange. Coinbase Wallet is an excellent wallet for beginners with little to no experience with crypto.

Does Freewallet have fees? ›

Freewallet is the most user-friendly crypto service on the market. We provide our customers with the best exchange rates, zero in-app fees, fast app and web performance and many other options to explore the crypto world.

How long does a Freewallet transaction take? ›

Usually, it takes about 20 minutes to process a transaction. There is a progress bar under your transaction to inform you about your transaction status. Confirmation means that a transaction has been processed by the network and is highly unlikely to be reversed.

How do I verify my identity on Freewallet? ›

We want to make sure that no one has gained access to your documents and is trying to access your account. Send a clear closeup photo of your identification document in English: an international ID or a driver's license being held in your hand. Photos must be of both sides of the document.

What wallets don t require verification? ›

Q #3) Which Bitcoin wallet does not need verification? Answer: In addition to ShapeShift, BitQuick, and LocalBitcoins.com, Paxful, and DameCoins, you can check Coingate, Lobstr, Paybis, and Coinmama which allow you to buy Bitcoin anonymously.

How do I send money through Freewallet? ›

Press the “Plus” button and click “Send” option on the bottom of the main page. Choose “Wallet address” on the list and select the icon of the currency you are going to send. Then paste the destination wallet address. Make sure to check the type of recipient's wallet and confirm it.

How do I use Freewallet? ›

How To Use Freewallet?
  1. Create Your Freewallet. Visit the official website of Freewallet. Create a new account with your email address and set a password. ...
  2. Buying Crypto On Freewallet. Click “Buy With Card” on the front page of your wallet. ...
  3. Receiving Crypto To Your Freewallet. Click on the 'Receive' option on the Freewallet.

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