We have prepared this material to warn novice crypto traders and investors about a serious threat. Today we will call it Free wallet crypto scam. Although it’s worth emphasizing right away: we’ll be talking directly about one of these fraudulent projects. Its name is Freewallet. To be more precise, we are talking about a crypto wallet. Its name is similar to the phrase Free wallet, which attracts newcomers. But in fact, the application was created by scammers and is known for stealing coins and tokens from customers.

Free wallet crypto scam: definition and methods

What do users usually do when they are planning to purchase or receive cryptocurrency for the first time? Of course, choose a wallet to store it. The choice is vast, and it can be difficult for a novice digital asset holder to know which app is best. Most users are not rich and do not want to spend extra interest on fees for transferring coins. Therefore, they search for applications using queries like “Free wallet crypto app” or “Bitcoin free wallet”. 

What does the search engine do after this? Most often, it redirects clients to the Freewallet org website. Here is a colorful description of the application of the same name, which allows you to accept, store and withdraw tokens and coins. In appearance, the wallet seems ideal: 

• Low fees. 

• Built-in cold storage. 

• User-friendly interface. 

• Built-in exchange. 

• Supports hundreds of tokens and coins.

It is not surprising that people who are still poorly versed in crypto wallets install Freewallet. But if you read the reviews about the application more carefully, you will understand that this product was created by scammers to steal assets!

Freewallet KYC scam

Here is the opinion of one of the experienced specialists. This post describes well the scheme by which Freewallet crypto scammers steal coins. 

Imagine that you have installed this wallet. After which the assets were deposited, or another person transferred them to you. You are trying to withdraw cryptocurrency by exchanging it for fiat. But your wallet is suddenly blocked. You contact support, but they refuse to unblock your account. On the contrary, company employees require documents, personal data, bank statements and other private information from you. This is already quite suspicious. But the main thing is that even if you provide all the documents, the assets will remain frozen!

This method is called KYC fraud, its name comes from the KYC (know your client) procedure, that is, customer verification. Under the guise of KYC, Freewallet administration blocks wallets, after which it constantly rejects the user’s attempts to pass verification. Ultimately, most victims simply resign themselves to the impossibility of withdrawing coins.

Here is one such case. The client saw that his assets were frozen. He immediately reached out to the community. But it was already too late. The coins ended up in the hands of Free wallet crypto scammers!

If you take a closer look at customer opinions on different platforms, you will notice that hundreds of similar cases have occurred.

For example, this user lost almost $6,000. At the same time, the victim realized that this was a scam, since the support simply ignored the messages.

Of course, such reviews cannot be seen on the official pages of the wallet. There are posts of praise like “I was looking for a free wallet for crypto currencies. So I downloaded Freewallet and am very pleased, it is a convenient and secure application.” But such reviews are a lie! 

They are written by order of the administration. On independent platforms, such as Reddit, Quora, Bitcointalk, the attitude towards Freewallet is clear. This app has a very poor reputation. Here you can find dozens of stories written by victims!

This question may be asked by those who have read our material. Let us note right away: we are not going to advertise any application. Today there are hundreds of them. And among them it is possible to choose a reliable, convenient and secure wallet. Of course, there are no absolutely free wallets. You will still have to pay fees to process the transaction on the blockchain. 

But finding a good app is real: 

·         Carefully read reviews on different sites. It's better to look for opinions on independent platforms like Reddit. 

·         Pay attention not to advertising, but to customer complaints. If you see a lot of scam accusations, then the wallet has a bad reputation. 

·         Remember that scammers have enough money to order expensive advertising.

The main thing we wanted to say with this material: stay away from Freewallet scammers. Do not use this application, otherwise your coins will be stolen!

Another question worth discussing: what to do for those who have already transferred coins or tokens to their “free crypto wallet”. And his assets were blocked, or rather, stolen by scammers. Is there a chance to get them back? We are sure there is!

Regardless of the amount of damage, submit an official statement to law enforcement. Emphasize that you are accusing Freewallet crypto wallet of stealing your assets, or rather, of fraud. Also, do not be lazy to send complaints to the competent international structures (NFIB, ActionFraud, ICANN).

Help us to warn other users. Leave comments and publish posts in public pages and on various websites.

If you have lost money due to Freewallet crypto scammers, we will help you file a crime report for free and, at your request, make your case public. This will increase the chances of getting your coins back. 

Email freewallet-report@tutanota.com and share your story! We guarantee complete anonymity (if you wish). Free wallet crypto scam is effective just because many people don't want to be active. If you don’t despair and fight, you can definitely achieve justice!

We have prepared this material to warn novice crypto traders and investors about a serious threat. Today we will call it Free wallet crypto scam. Although it’s worth emphasizing right away: we’ll be talking directly about one of these fraudulent projects. Its name is Freewallet. To be more precise, we are talking about a crypto wallet. Its name is similar to the phrase Free wallet, which attracts newcomers. But in fact, the application was created by scammers and is known for stealing coins and tokens from customers.

Free wallet crypto scam: definition and methods

What do users usually do when they are planning to purchase or receive cryptocurrency for the first time? Of course, choose a wallet to store it. The choice is vast, and it can be difficult for a novice digital asset holder to know which app is best. Most users are not rich and do not want to spend extra interest on fees for transferring coins. Therefore, they search for applications using queries like “Free wallet crypto app” or “Bitcoin free wallet”. 

What does the search engine do after this? Most often, it redirects clients to the Freewallet org website. Here is a colorful description of the application of the same name, which allows you to accept, store and withdraw tokens and coins. In appearance, the wallet seems ideal: 

• Low fees. 

• Built-in cold storage. 

• User-friendly interface. 

• Built-in exchange. 

• Supports hundreds of tokens and coins.

It is not surprising that people who are still poorly versed in crypto wallets install Freewallet. But if you read the reviews about the application more carefully, you will understand that this product was created by scammers to steal assets!

Freewallet KYC scam

Here is the opinion of one of the experienced specialists. This post describes well the scheme by which Freewallet crypto scammers steal coins. 

Imagine that you have installed this wallet. After which the assets were deposited, or another person transferred them to you. You are trying to withdraw cryptocurrency by exchanging it for fiat. But your wallet is suddenly blocked. You contact support, but they refuse to unblock your account. On the contrary, company employees require documents, personal data, bank statements and other private information from you. This is already quite suspicious. But the main thing is that even if you provide all the documents, the assets will remain frozen!

This method is called KYC fraud, its name comes from the KYC (know your client) procedure, that is, customer verification. Under the guise of KYC, Freewallet administration blocks wallets, after which it constantly rejects the user’s attempts to pass verification. Ultimately, most victims simply resign themselves to the impossibility of withdrawing coins.

Here is one such case. The client saw that his assets were frozen. He immediately reached out to the community. But it was already too late. The coins ended up in the hands of Free wallet crypto scammers!

If you take a closer look at customer opinions on different platforms, you will notice that hundreds of similar cases have occurred.

For example, this user lost almost $6,000. At the same time, the victim realized that this was a scam, since the support simply ignored the messages.

Of course, such reviews cannot be seen on the official pages of the wallet. There are posts of praise like “I was looking for a free wallet for crypto currencies. So I downloaded Freewallet and am very pleased, it is a convenient and secure application.” But such reviews are a lie! 

They are written by order of the administration. On independent platforms, such as Reddit, Quora, Bitcointalk, the attitude towards Freewallet is clear. This app has a very poor reputation. Here you can find dozens of stories written by victims!

This question may be asked by those who have read our material. Let us note right away: we are not going to advertise any application. Today there are hundreds of them. And among them it is possible to choose a reliable, convenient and secure wallet. Of course, there are no absolutely free wallets. You will still have to pay fees to process the transaction on the blockchain. 

But finding a good app is real: 

·         Carefully read reviews on different sites. It's better to look for opinions on independent platforms like Reddit. 

·         Pay attention not to advertising, but to customer complaints. If you see a lot of scam accusations, then the wallet has a bad reputation. 

·         Remember that scammers have enough money to order expensive advertising.

The main thing we wanted to say with this material: stay away from Freewallet scammers. Do not use this application, otherwise your coins will be stolen!

Another question worth discussing: what to do for those who have already transferred coins or tokens to their “free crypto wallet”. And his assets were blocked, or rather, stolen by scammers. Is there a chance to get them back? We are sure there is!

Regardless of the amount of damage, submit an official statement to law enforcement. Emphasize that you are accusing Freewallet crypto wallet of stealing your assets, or rather, of fraud. Also, do not be lazy to send complaints to the competent international structures (NFIB, ActionFraud, ICANN).

Help us to warn other users. Leave comments and publish posts in public pages and on various websites.

If you have lost money due to Freewallet crypto scammers, we will help you file a crime report for free and, at your request, make your case public. This will increase the chances of getting your coins back. 

Email freewallet-report@tutanota.com and share your story! We guarantee complete anonymity (if you wish). Free wallet crypto scam is effective just because many people don't want to be active. If you don’t despair and fight, you can definitely achieve justice!