Honest review of Freewallet multi crypto wallet

What is Freewallet? Is it a safe and secure multi crypto wallet? Wellm if you trust its developers, you might answer “yes”. The project administration invests a lot of money in advertising, increases reviews and deletes negative comments. But this application is a scam. Before downloading the wallet and depositing coins into it, we recommend reading the independent and honest Freewallet review. We are sure that you will understand why this application cannot be trusted!

Be careful, Freewallet is scamming users!

Many users are afraid that hackers will hack their crypto wallet and steal coins and tokens. Such cases occur quite often. Therefore, it is not surprising that people try to choose the most famous applications for storing cryptocurrency. If they see in an advertisement that a certain wallet has never been hacked, they immediately install this application. Don’t rush to do the same. In addition to the risk of losing money to hackers, there is also a huge risk that your assets will be stolen by the wallet developers themselves!

Here is one of the many Freewallet reviews left by users. The victim complains that he cannot withdraw assets from his wallet. Most users of this wallet face similar problems. The scheme by which the administration steals coins is known as KYC fraud.

Here is another Freewallet review. User posted on Bitcointalk that administration blocked his assets. They asked to provide some documents but actually never let to witjdraw coins. Such situations happen almost every day!

What is KYC scam

A KYC (Know Your Customer) scam in the context of crypto wallets and crypto exchanges involves fraudulent activities where scammers impersonate legitimate entities to trick users into providing personal information under the guise of KYC verification. Here’s how it typically works:

1. User downloads Freewallet. App is looking safe and secure, so that customer decides to deposit some coins.
2. Right after incoming transaction administration blocks account. Usually they do it “due to suspicious activity”.
3. User if forced to pass KYC, otherwise coins will remain blocked.
4. Victims send photos and scans of their documents, provide lots of personal data. But nothing helps them: support ignores messages or asks to send more documents.

On almost every crypto forum or public you can find dozens of similar Freewallet reviews. In those complaints users ask for help because Freewallet scammers stole their assets!

Fake Freewallet reviews

You may ask, If Freewallet is a total scam, then why they still have so many clients? The answer is simple. Fake Freewallet reviews.

As soon as one of the victims leaves a complaint on a crypto forum or review sites, the project administration immediately orders 2–3 comments in which the “clients” thank the company for a very convenient and reliable application. It will not be difficult for an experienced user to distinguish custom posts. They usually contain too many flattering words about the wallet and look unnatural. But newcomers willingly believe such advertising and do not pay attention to the comments of real victims.

If you want to find real Freewallet reviews, visit:

• Some Reddit publics (for example Monero).
• Bitcointalk.
• Sitejabber.
• Quora.
• Trustpilot.

Each of these resources has at least one recent Freewallet review, in which users accuse the administration of being a scam.

For example, Bitcointalk is among the oldest crypto forums, where traders and investors from around the globe converge. Notably, both veterans and newcomers on this platform have reached a consensus: Freewallet is a scam project.

Numerous scam accusations have been posted by Bitcointalk users:

• August 2018: A user named snowjohn reported that Freewallet stole one of his transactions, resulting in a loss of nearly 3.5 ETH, valued at $5000 at that time.
• July 2019: A user with the nickname fuckpay accused the Freewallet app of stealing 15.2 BTC, worth approximately $75,000 back then.
• April 8, 2020: Yahya.zzz initiated a topic accusing Freewallet of a scam, claiming a loss of 0.7186 BTC due to a KYC scam.
• May 16, 2020: A user named ferrykyra alleged that Freewallet administration stole $55,000 from his account.

These are the largest fraud cases involving Freewallet on Bitcointalk, but a thorough review of the discussions reveals over 30 additional stories from victims. Collectively, these reports indicate that the Freewallet administration has stolen more than $1 million according to evidence found on Bitcointalk alone.

Short conclusion

We understand the desire of crypto traders and investors to find a simple, convenient and reliable crypto wallet. Freewallet invests huge amounts of money in advertising. Therefore, the user may have the mistaken opinion that this is a safe and good application. In reality, this project was created by scammers! Look at any real and independent Freewallet review! You will see similar situations in which the administration illegally blocked the account and actually stole the user’s savings! Don’t become another victim, don’t use this wallet!