Review on Monero Freewallet by Danh Huỳnh Ngọc Công
Monero Freewallet - Use it with extreme caution
Monero Freewallet is one wallet in the series of product from Freewallet company. This wallet can help to transfer and store Monero without no efforts . The registration process is also easier than most other wallets. However, the security of assets on this wallet still remains unanswered. I hope there will be some announcements or solutions from the team to gain back the trust from the community
Pros
- - It is easy to create an account on Monero Freewallet. Users just need to sign up with one among three accounts: Facebook account, Google account, or mobile phone. Log in process happens almost instantly with these methods. By creating accounts on the wallet, users can easily recover it on any other devices if they lost their current devices
- - Monero Freewallet can be secured by Fingerprint login, 2FA, control over the sending limits and email confirmations on every balance fluctuation. Users funds are stored in the cold wallet so it is hard for bad guys to get the access to the Monero.
- - English, German, Dutch, French, Italian, Spanish, Portuguese, Russian, Hindi, Chinese (Simplified), Korean, Vietnamese, and Indonesian are the languages that the wallet supports. Thanks to them, many users across the world can easily use the wallet very easily
- - Their customer support is available any time you need. You can contact them if you encounter any difficulties with the wallet, especially the transactions. I saw so many complaints about the stuck transactions got responded by the team on Play store and App store
- - The interface for users is as simple as possible providing a very easy-to-use product to every type of users
- - It provides the feature allowing users to check the price and the chart of Monero on the markets. Also, Monero balance can be displayed in fiat currencies
Cons
- - It is designed to simply serve the users who just want to manage, send, or receive Monero to their wallet. There are not many functions on it while other wallets offer so much interesting and advanced things. I don't think the wallet will change its current status soon.
- - Although the interface give the ease in use, it is not beautiful as described by the developers. It is possible that the wallet can learn from the appearance of other competitors and carry out some updates on this issues.
- - On the internet, there are a lot of article claiming that Freewallet is a big scam which has taken away thousands of dollars from its users. The truth has not been revealed yet but it is better to be careful when more than one users have spoken
