Review on Ethereum Freewallet by Danh Huỳnh Ngọc Công
Freewallet for extreme basic functions
Freewallet is a great wallet for the beginners in the blockchain world. Ethereum can be stored, sent and received easily within a few steps with no confusion. However, simplicity is also a big minus as the customers are expecting more and more from the wallets when the market has become more mature. I'm looking forward to the changes Freewallet can bring about
Updated 5 years ago
Rating has not been changed
Negative point: There have been many reports stating that users' funds stuck forever an cannot be returned to the owners. Therefore, users should be very be careful
Pros
- - Users can easily create an account using Facebook, Google or their own mobile phone number. The process only takes a few minute to complete
- - Funds of users are stored in the cold wallet of the companies so it is safe from the hackers as all the information about the wallet is only stolen when the hardware wallets are in the control of bad people
- - They offer 24/7 support for the users who have some problems while using the wallet. This is a good orientation for customer service
- - The security of the wallet is ensured by many tools such as PIN, fingerprint, and 2FA
- - Their design is supper simple and easy to use so there is no confusion when using it
- - There are many support languages on this wallet such as Chinese, German, Spanish and many other languages
- - The balance is displayed in fiat currencies that helps the users easily check their portfolio
- - Information about any changes in the balance when transactions are executed will be sent to the owners via emails
- - Wallet can be easily restored on many different types of devices. It is good for someone who is not very careful or forgetful
- - Token on Ethereum blockchain can be stored on this wallet making it very convenient for the token holders
- - Users are able to set limits on the transactions to protect their own funds. What a great point for security!
- - It is extremely lite so slow mobile phone can still use it to store money. This is so important that they can get a big niche market
- - It is integrated an exchange to give the convenience in buying Ethereum using fiat currencies
Cons
- - The design has many problem although there are some advantages. Firstly, it is outdated and I'm afraid the last time it delivers new design must be years ago. Secondly, there is no way that users can remove the notifications on the dashboard making it looks very cardboard. I suggest the team to make some significant changes so it will give users more comfortable feelings
- - Freewallet also holds the keys of the wallets; therefore, it is very dangerous if their database gets hacked or their hardware wallet gets stolen
- - There are many advanced wallets available on mobile phone with many grand features and well-done designs so it needs to change to adapt
