Freewallet: A Multi-Cryptocurrency Wallet

August 21, 2020May 28, 2021TheWebAppMarketBusiness App Review, Android App Review, Latest App Reviews

Freewallet: A Multi-Cryptocurrency Wallet

For the average individual, using cryptocurrency is as easy as getting a digital wallet to store the currency, then using it to create unique “public addresses” to receive currency and transfer funds in or out of your wallet. As for experienced users, the possibilities are even vaster.

There are hundreds of cryptocurrency wallets now available on the market, but only a few are really helpful, self-contained, and easy-to-use. Freewallet is one of the services that meets all three of those criteria, which is why it has become the service of choice and preferred option of many crypto enthusiasts.

Check out this review crafted by TheWebAppMarket to learn more about your online cryptocurrency wallet.

What is Freewallet?

Freewallet is an online cryptocurrency wallet, available on the web and for mobile, that is used by more than 3M people worldwide. It supports BTC, LTC, ETH, and 150+ other crypto assets along with 20+ standalone wallets for the most popular cryptocurrencies.

Freewallet offers a custodial service, meaning that if a user’s private key is lost, it’s possible to retrieve access to their account via email. To ensure the security of customer funds, the service provider stores them offline.

Freewallet also enables you to set up multiple crypto wallets on one account and easily change between them. In addition to managing various currencies under one platform, the service provides its users access to its built-in exchange, which makes trading your coins quick and simple.

You can operate directly from your Freewallet without having to go to another platform or transfer the coins elsewhere.

Key Features of Freewallet App:

Here is a sneak peek of the main features, which provide Freewallet users with much-needed flexibility, simplicity, and safety.

Registration process – You don’t have to provide any identification documents to create your Freewallet account. The registration process is quick and easy. You can sign up for the app using your email, Facebook ID, Gmail, or phone number and then log in with the same method.
Buying cryptocurrencies for fiat – The Freewallet app supports bank transfers so you can easily buy crypto with your credit/debit card. Note that the coins available for purchase via card are BCH, BNB, BTC, DASH, ETH, EOS, LTC, TRX, XLM, and XRP. All you need to do is just choose the currency (USD or EUR), enter the sum, fill the cryptocurrency address, and voilà, your crypto is on your balance.
Built-in Exchange – Freewallet allows you to exchange 100+ cryptocurrencies through its exciting partnership with Changelly. Converting the coins right in the app helps you save your time and resources, centralize your activities, and build a diversified portfolio. Recently, Freewallet has implemented new off-chain exchange technology for 54 coins and ERC20 tokens which is characterized by transaction execution times of just 2-3 minutes, lower rates, and enhanced anonymity.
Tracking your transactions – Freewallet provides you with real-time information on every transaction you make. Enter the request ID and you will know the status of your transaction right away.
Freewallet security – Freewallet has added multiple security features so you can manage your crypto with peace of mind. Customer funds are stored in well-protected offline wallets (also known as “cold wallets”). Freewallet’s sustainable set of security features include:

Touch ID login.
Two-factor authentication.
PIN code lock.
Email confirmation after each transaction.
Limits on daily/monthly transactions

Additional safety features of Freewallet include Active Sessions Control — analyzing the activity of the user’s accounts to detect any suspicious activity, multi-sig confirmations, and the mnemonic converter which builds a recovery phrase that can be used to restore an account.

Cost and Pricing of Freewallet App

The good news is that all Freewallet mobile applications are completely free of cost. There’s no extra charge for downloading them, so everything you need to start your diverse experience with the wallet is a smartphone and an internet connection.

However, you will need to pay a transaction fee while using its services to buy cryptocurrencies and transfer them to third parties.

While sending cryptos to a wallet that doesn’t belong to the Freewallet ecosystem, the user can choose between four fee options. The higher the fees are, the faster the transactions are processed and vice versa.

For fiat-to-crypto transactions, Freewallet charges an 8% fee or a minimum of $11 per transaction.

What can you do with Freewallet App?

With Freewallet, you can perform a variety of functions, from buying and storing cryptocurrencies to exchanging and transacting them both within and outside the wallet ecosystem.

Moreover, you have the opportunity to watch the market, as the recent price data for all the coins, with price peaks shown for each of the three available time frames, can be found in the app.

Crypto enthusiasts may import and export their BTC balance to another wallet or to Freewallet and also try the unique feature that lets them pay for their mobile phone service with Bitcoin. Currently, the service is supported by over 400 mobile operators in 100 countries.

Summary of the Freewallet App Review:

Freewallet is a one-stop wallet for all things crypto, suitable for those who want to store multiple currencies due to its impressive capability to unite several dedicated wallets under one hat.

Its intuitive interface makes every process quick and simple without compromising safety, while it’s multi-language and responsive customer support has gained the trust of millions of users from all over the world.

All in all, Freewallet can serve the needs of both novice and advanced crypto traders with a solid range of essential features, a large number of coins and tokens, and unique additional services, such as the ability to recharge prepaid mobile phones with bitcoins.