What do beginners most often do when planning to invest in cryptocurrency or get paid for something with coins? Of course they are looking for the wallet. For example, enter the request “download free wallet”. After this, the search engine gives them dozens of different applications for storing and sending cryptocurrencies. But unfortunately, one of the first places in this case is the Freewallet wallet. And this is a huge danger for novice traders and investors. Because Freewallet is a scam.

If you deposit coins there, the administration will immediately block the account and will not allow you to withdraw assets. That’s why you should never download Freewallet!

The most common coins as of 2024 are Bitcoin and Ethereum. Freewallet apps have the ability to accept these and other cryptocurrencies. Therefore, clients who are looking for free ETH, BTC or XRP wallet often end up on the page of this application. The developers assure that Freewallet is good. Its fees are minimal and all assets are kept in cold storage.

In addition, customers are reassured by the presence of two-factor authentication, a built-in secure exchange service and other technical advantages. It’s all a lie! If you download Freewallet, you will lose assets!

This is what one of the victims writes in reviews on Reddit. The administration simply stole the coins. The victim believed that his cryptocurrency was in cold storage. This is definitely safer for the client. But only if we are talking about a good application. In this case, the administration itself stole the victim’s money. Because only the developers of this free wallet had private keys.

Here is a review from another victim. The coins never arrived at his Freewallet address. Or rather, to the address indicated in the wallet. After all, in fact, these are addresses belonging to the administration itself. And at any moment the user can be blocked, deprived of the ability to withdraw coins.

This scheme is usually called a KYC scam:

After a victim receives an incoming transaction, the administration blocks the account. And then support just ignores any tickets. According to our data, hundreds of clients have already lost their savings. Therefore, you should not download Freewallet. This app is not safe at all!

Another reason why you shouldn’t download Freewallet: it’s not legit. According to our data, the creator of the application is a native of Russia, Dmitry Gunyashov. Many victims contact him, for example, in the screenshot above you see a complaint published on his Instagram. But Gunyashov and other persons associated with Freewallet ignore the comments of the victims.

We are trying to help the victims get their savings back. In particular, we sent a number of statements to law enforcement agencies and created an online petition calling for an investigation into Freewallet’s crimes. We will also be glad to receive your help. Any activity will speed up the process of shutting down this application and holding its developers accountable.

But despite our efforts, new victims of deception appear every day. People are looking for how to download a free wallet, install the application, and lose coins. Because the administration, under the guise of KYC/AML, blocks accounts without reason.

Therefore, the best advice we can give you is: do not try to download Freewallet. This is a scam app. We do not want to advertise any other service. Choose for yourself, look at the reviews, don’t trust your savings to random apps and services! And if you have already downloaded Freewallet, try to withdraw your assets as soon as possible. Otherwise they will end up in the pocket of scammers!

What do beginners most often do when planning to invest in cryptocurrency or get paid for something with coins? Of course they are looking for the wallet. For example, enter the request “download free wallet”. After this, the search engine gives them dozens of different applications for storing and sending cryptocurrencies. But unfortunately, one of the first places in this case is the Freewallet wallet. And this is a huge danger for novice traders and investors. Because Freewallet is a scam.

If you deposit coins there, the administration will immediately block the account and will not allow you to withdraw assets. That’s why you should never download Freewallet!

The most common coins as of 2024 are Bitcoin and Ethereum. Freewallet apps have the ability to accept these and other cryptocurrencies. Therefore, clients who are looking for free ETH, BTC or XRP wallet often end up on the page of this application. The developers assure that Freewallet is good. Its fees are minimal and all assets are kept in cold storage.

In addition, customers are reassured by the presence of two-factor authentication, a built-in secure exchange service and other technical advantages. It’s all a lie! If you download Freewallet, you will lose assets!

This is what one of the victims writes in reviews on Reddit. The administration simply stole the coins. The victim believed that his cryptocurrency was in cold storage. This is definitely safer for the client. But only if we are talking about a good application. In this case, the administration itself stole the victim’s money. Because only the developers of this free wallet had private keys.

Here is a review from another victim. The coins never arrived at his Freewallet address. Or rather, to the address indicated in the wallet. After all, in fact, these are addresses belonging to the administration itself. And at any moment the user can be blocked, deprived of the ability to withdraw coins.

This scheme is usually called a KYC scam:

After a victim receives an incoming transaction, the administration blocks the account. And then support just ignores any tickets. According to our data, hundreds of clients have already lost their savings. Therefore, you should not download Freewallet. This app is not safe at all!

Another reason why you shouldn’t download Freewallet: it’s not legit. According to our data, the creator of the application is a native of Russia, Dmitry Gunyashov. Many victims contact him, for example, in the screenshot above you see a complaint published on his Instagram. But Gunyashov and other persons associated with Freewallet ignore the comments of the victims.

We are trying to help the victims get their savings back. In particular, we sent a number of statements to law enforcement agencies and created an online petition calling for an investigation into Freewallet’s crimes. We will also be glad to receive your help. Any activity will speed up the process of shutting down this application and holding its developers accountable.

But despite our efforts, new victims of deception appear every day. People are looking for how to download a free wallet, install the application, and lose coins. Because the administration, under the guise of KYC/AML, blocks accounts without reason.

Therefore, the best advice we can give you is: do not try to download Freewallet. This is a scam app. We do not want to advertise any other service. Choose for yourself, look at the reviews, don’t trust your savings to random apps and services! And if you have already downloaded Freewallet, try to withdraw your assets as soon as possible. Otherwise they will end up in the pocket of scammers!