Review on Steem Freewallet by Danh Huỳnh Ngọc Công
Steem Freewallet - use with caution
Steem Freewallet is a wallet with the motto: as simple as possible. The product may seem to be a fit for the minimalists; however, it has a bad reputation and there are many similar or even better products on the market. If the product is transparent, they need to prove it by improving their wallets, go open-sourced or do some things to marketing about their transparency.
Pros
- - As wallet is very simple, it is not a heavy applications like other wallet. From App Store or Play Store, Steem Freewallet can be downloaded quickly and set up in a few seconds
- - The design is simplified as much as possible to optimize the wallet for sending and receiving function. From the main interface, we can find the price chart, the avatar, balances, settings, and transferring buttons
- - The wallet provide a detail price chart where users can easily get today price, 24h changes, all time highs, all time lows, and the charts
- - Its is possible for users to customize the wallets so their experience will be enhanced. Users can choose among sixteen fiat currencies for balance display and eleven languages, to understand clearly about the products and their balances. They can also change the background of their wallet so that it will looks better (other apps only allow night mode or light mode). Users can also decide if the app will send notifications on balance changes or not
- - Receiving Steem on the wallet is very convenient. Besides sending to the normal wallets, users can also send via emails, user ids, QR codes, or the provided unique links
- - Sending Steem is also convenient when you can send via the normal addresses, user ids, or registered emails
- - Registration stage is not a big problem for anyone as users just need to sign up with their Facebook accounts, Google accounts, or mobile phone numbers. They can recover their accounts easily thanks to this access method
- - Users can reach the support from their team 24/7 via App Store, Play Store, or email
Cons
- - The products of Freewallet has a bad reputation that is known widely among cryptocurrency community. One day, the users realized that the assets they sent to other wallets or deposited to their own wallets never arrived in the correct destination. There were no compensation for these incidents while thousands of dollars was lost
- - The wallet has a not so well-designed interface which can be better if they do some updates on it. With a beautiful interface, the number of active users will increase significantly
- - The wallet is basically for sending and receiving Steem. There is not any features that can be considered advanced.
- - The number of its excellent competitors is very huge and comes in many types. It is hard to ask them to switch to a simple product as the market has become mature
