You’ve probably come across the name Freewallet at least once in discussions of crypto wallets. This application allows you to store hundreds of coins and tokens, including BTC, Ethereum, Monero, Bytecoin. Moreover, the name Freewallet hints at the absence of transaction fees, which, of course, cannot be true, but still attracts customers with the low cost of transfers.
But there is an important nuance. Freewallet is a scam. This application is designed to steal assets, and in today’s review we will tell you how this scheme to deceive gullible users works!
What is Freewallet?
First of all, it needs to be emphasized that there are 2 different applications for storing tokens and coins with the same name.
Freewallet io multi-currency wallet is not mentioned as a scam app. Of course, this does not mean that we recommend or advertise it. You can look through customer reviews and decide for yourself whether this wallet is right for you.
Another thing is Freewallet org. This site advertises a service that positions itself as reliable, secure, and convenient. But it’s all a lie. Freewallet is a scam.
Is Freewallet safe to use?
To find out the answer to this question, you can look at the reviews and comments yourself. It’s just important to choose neutral platforms for this, allowing everyone to leave an opinion. Otherwise, there is a risk of succumbing to scammers’ advertising and losing your savings. Look at the screenshot above. In it, the client briefly but succinctly describes the essence of Freewallet KYC fraud. The administration selectively blocks user accounts, after which they require documents for KYC/AML verification. But in the end, their documents are rejected and the client is unable to withdraw the assets.
In fact, we are talking about a scam, but the actions of the administration formally look legal and make it possible to steal assets without falling under legal liability.
If you want to know whether Freewallet is safe to use, first of all, carefully read such complaints. They can be found on Reddit, Bitcointalk, Bitcoinforum and other resources. Almost everywhere, clients complain about the theft of their assets and inadequate actions of the service administration.
Yes, the creators of Freewallet claim that their application is protected from hacking, and the coins are in cold storage. But the key risk for clients is not in some third-party criminals, but in the administration itself!
Is Freewallet legit?
This is the second most common question about a wallet. In this case, you can understand the users. It is important for them to understand that the creators of the service operate within the legal framework and can file an official claim against them if necessary.
The answer to the question is Freewallet legit can be found . But for you the short answer is no!
- Freewallet owners hide their names. The app’s website states that the co-founder and CEO is Alvin Hagg. But we came across quite a few references online confirming the involvement of Russian natives Dmitry Gunyashov and Vasily Meshcheryakov in the project. The question really arises, why then don’t these people officially recognize themselves as co-owners? Maybe in order to avoid liability?
- Freewallet org doesn’t have official owner. The website itself mentions a company from Hong Kong, Wallet Services Limited. But it ceased to exist in 2022. This further confirms the version about the fraudulent nature of the application.
Real Freewallet reviews
You may ask why this app is so popular then. The answer is simple. Most Freewallet reviews are written and published by order of the administration itself. They say that the service is free, convenient, fast, and reliable. However, you can find real Freewallet reviews on almost any thematic platform.
For example, on Reddit almost all crypto threads and communities forbid to advertise Freewallet org.
On this platform, you can find hundreds of customer complaints that their assets have been blocked (that is, stolen). The situation is similar on large forums dedicated to cryptocurrencies and trading. But nevertheless, the creators of the wallet manage to find more and more new victims.
Freewallet is well known crypto wallet. It is often mentioned as safe, secure and legit. But actually it’s a scam!
We want to emphasize that our review is not intended to advertise any of the competitors. Our only goal is to warn users and prevent them from losing their savings. You can read customer reviews and see for yourself. Freewallet is not safe, because it’s administration is blocking customers and ignoring their tickets.
I already downloaded Freewallet. Seems like it’s good. Why shouldn’t I use it?
It’s up to you. But keep in mind that at any time the administration will block the ability to withdraw coins. The problem isn’t that the app itself doesn’t work. It works. But only until the client receives a large transaction. We advise you to withdraw your assets as quickly as possible and not use Freewallet.
What should I do if Freewallet blocked my coins?
Some tips may be found . Don’t waste your time. There is still chanse to get your coins back!
Can I make official crime report about Freewallet?
Contact us and we ll provide you legal and informational support.
