Freewallet - Company Profile - Tracxn (2024)

FAQs

Is Freewallet any good? ›

Freewallet is one of the best known mobile cryptocurrency wallets in the industry. The biggest catch with using Freewallet Crypto wallet is that the company holds your private keys, similar to the way a cryptocurrency exchange holds your private keys.

Founders and Board of Directors of Freewallet

Alvin Hagg, Founder & CEO, is a founder of 1 company.

The User is obliged to provide the information and credentials as may be required by Freewallet from time to time in order to verify the ownership and/or source of funds of crypto assets of the third-party service that are remitted to the User's Freewallet Account.

Freewallet is a cryptocurrency wallet that allows users, worldwide, to buy, store, send, and exchange over 150 cryptocurrencies.

About Freewallet

It is based in Hong Kong, Hong Kong.

The top Bitcoin holder is still believed to be Satoshi Nakamoto, the anonymous creator of Bitcoin, who reportedly holds around 1.1 million BTC across many wallets. Despite this large holding, the top 10 holders collectively only possess about 5.5% of the total Bitcoin supply.

Wallets contain an address and the private keys needed to sign cryptocurrency transactions. Anyone who knows the private key can control the coins associated with that address. There are several different types of wallets, each with its own features and levels of security.

For Bitcoin, the lowest amount you can possibly purchase is 1 Satoshi, which is 0.00000001 Bitcoins. But since this number is so small, you can't actually buy 1 Satoshi on any exchange. On Coinbase, for example, the minimum amount is 2 Dollars. But on LocalBitcoins the minimum amount is 1 cent.

Can I withdraw Bitcoin without verification? ›

Yes, a number of crypto exchanges do not require any KYC. Some of these exchanges have a limit to the amount of crypto you can withdraw, such as KuCoin, Krake, and others. On the other hand, there are some that have no restrictions on how much you can withdraw, such as CoinSwitch.

ColdCard – Bitcoin-Only Cold Wallet Offers Top Security

One of the premier cold wallets, ColdCard Mk4 offers top-notch physical security for your Bitcoin holdings. Designed to simplify Bitcoin buying and selling, ColdCard Mk4 does not require users to complete a KYC process.

Is WalletConnect safe? It's safe in the sense that it establishes a secure (encrypted) connection, with your approval, between your Bitcoin.com Wallet and the DApps of your choosing. It also requests your approval for any transactions and never gives DApps access to your private keys.

Use a Blockchain Explorer: One of the simplest ways to track a Bitcoin wallet is by using a blockchain explorer. Websites like blockchain.com, blockchair.com, or explorer.btc.com allow you to enter a Bitcoin wallet address and view its transaction history, current balance, and other relevant information.

A: To transfer Bitcoin to a bank account, sell your Bitcoin on a crypto exchange for fiat currency. Link your bank account to the exchange, complete identity verification, and then withdraw the fiat cash to your bank account. Withdrawal times and fees vary depending on the exchange.

Digital wallets in a nutshell

And whether you use Apple Pay®, Samsung Pay™ or Google Pay®, a digital wallet means your Citizens debit¹ or credit card² is always at the ready with a powerful one-two punch: secure processing and zero liability protection with fast, one-touch purchasing.

Stay safe and vigilant in the crypto space, and let's continue to hold platforms like Freewallet accountable for their unethical practices. TL;DR: Freewallet charged me nearly USD 80 to withdraw my SHIB funds, and now my money is stuck in the wallet.