The freewallet is a mobile wallet for cryptocurrency trade and management. Free wallet started as being a series of individual wallets for popular cryptocurrencies. The multi-currency version of t he wallet now manages all the supported currencies in one wallet. It allows the instant exchange of the cryptocurrencies within the application.
Nobody knows the history of the development of the free wallet as the developers blocked all the channels to discover that information. The wallet is fitted with numerous features but users still have concerns over the security of the mobile wallet.
Features of the Freewallet
- Multiple log in options
The wallet offers users several ways to log in. It allows e-mail verification, Google+ credentials login, and verification using mobile phone numbers. The multiple login options make it difficult for the wallet to lock out a user in case he or she forgets credentials.
- Two factor authentication for transaction
The Freewallet offers 2-factor authentication for transaction approvals. The 2-factor authentication, paired with e-mail confirmation for all transactions creates a heightened level of security. The mobile wallet also provides additional security by storing user coins in cold storage.
- Support multiple coins
The wallet supports multiple coins and allows the exchange and trade of them within the application. The coins are balanced in fiat currencies and the real-time prices of ETH and other coins are displayed on the application’s dashboard. The platform goes further ahead to show the currency trends on charts for easy analysis.
- iOS, Android, web support
Freewallet is essentially a mobile wallet but Android, iOS, and web applications support it. You can download the apps from the Google play store or the Apple App store depending on the device that you are using. You can synchronize your wallet and use it on different devices by using a QR code. You can also restore your wallet from any device in case your details are lost.
- Multiple language
The simple and beautiful freewallet has multiple language support, including English, Russian, Spanish, German, French, and many more. The wide language variety has contributed significantly to the wallet’s accumulation of its over 80,000 users around the world. The idea that you can make free transactions within the Freewallet platform is another factor that made the wallet famous.
You can share your wallet address to other users via email, Facebook, and Twitter, or can use the QR code.
Freewallet privacy and security
The Freewallet uses encryption and extreme security measures to protect users’ funds. The application encrypts and keeps the private keys safe in cold storage. The app allows the restoration of wallets in case users lose their mobile phone and account details to ensure that they do not lose their funds.
The application requires a PIN code or fingerprint scan to allow access. External parties cannot access your wallet without the PIN code. The 2-factor verification and multi-signature confirmation of transactions add an extra layer of security to fund transfers. Users have to confirm transfers from their e-mails before the app broadcasts them. The Freewallet application has an option to review all sessions and to terminate unknown sessions. A user can also block anonymous transactions before the app broadcasts them.
Freewallet user interface
The Freewallet is easy to use and has an attractive user interface. It conveniently displays the financial trends of the selected cryptocurrencies using charts. The charts are easy to analyze and understand for purposes of making informed decisions. It supports multiple currencies allowing their exchange without charges within its platform, making the wallet very popular. Numerous language support also boosts the wallet’s popularity in the world.
The developers fitted the wallet with numerous security features, including 2-factor verification and multi-signature verification of transactions. The developers of the Free wallet review and update the application regularly to correct any security vulnerabilities. The company has a 24/7 customer support team that assists any user with queries with their wallet through a live chat feature on the application.
The Free wallet company currently has three applications available;
The Multi-currency wallet which is the most commonly used app. It it can be used to store and trade of all the major cryptocurrencies and is accessible on Android, iOS, and the web.
The Token wallet which only stores, receives, and sends Ethereum tokens. It is only available for Android users.
The Freewallet Lite application that operates with complete anonymity. The user controls the private keys, and the application generates a unique address for each transaction. It is thus impossible to track transaction activities and wallet balances using the Freewallet Lite app. It is available for both Android and iOS users.
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