Since Freewallet’s inception in 2016, its mission has always been to make the crypto world more available to a wider audience. In 2017 the company released a multi-coin wallet that went on to get listed as the third most popular online wallet for Android in 2018.
Presently, apps by Freewallet are holding top positions in both Google and Apple stores. The company is proud to have more than 3 mln users on board. With 20+ single-currency wallets and the universal Freewallet: Crypto Wallet (for Android, iOS and the web), Freewallet can be thought of as your crypto Swiss Army Knife.
Freewallet: Crypto Wallet is a perfect place to send, store and manage your cryptocurrency portfolio:
- BTC, ETH and 100+ other cryptocurrencies in one wallet available as an Android, iOS and web app. View all assets
- Free transfers between Freewallet users.
- Range of 4 Bitcoin transaction fees for fast or cheap transfers.
- Top up the mobile phone from your wallet.
- Buy BTC, ETH and LTC with a credit card.
Wallet Security
The safety of your funds is what Freewallet values the most. The company has a sophisticated security structure in place at all times to make sure that your funds will never get into the wrong hands.
PIN Code
Freewallet comes with a mandatory PIN code which you set when your wallet is created. At the moment, multi and mono apps require different PIN codes.
When your app has been idle for a while, you’ll need to confirm your PIN to resume use. Please check out here for more details on using this feature on Freewallet.
Multi-Signature Protection by Email
With Freewallet, you can double down on the security of your outgoing payments with multiple email addresses. This makes it a requirement for a transaction to receive two or more confirmations by email. If you enable email confirmation, no transaction will be initiated until it is confirmed by every single email included in the chain.
These preferences can be set in “Settings” under “Security” and then “Email confirmation.”
2-Factor Authentication
To enable 2-factor authentication, you can useGoogle Authenticator, Authy, or any other dedicated app.
Feel free to apply 2FA for each login, outcoming, or BTC export transaction. Open “Settings” – “Security” to proceed with 2FA.
Control Your Account
To ensure stricter control over your funds, you can set limits on the amount of your outgoing transactions. A limit can be set for each single currency. In addition, you can monitor login sessions on your account. If you notice an unauthorized login session on it, flag it immediately to cease all suspicious operations and protect your account. Both options are accessible in “Settings” under “Security.”
Cold Storage
The address you see in your app is a hot wallet address used for receiving transactions. Storing your funds at this address can expose them to risk. Therefore, after you receive funds at the hot wallet address, they are moved to cold storage. Similarly, when you send your funds out, the funds are first transferred from cold storage as well.
Cold storage refers to a secure offline vault. This technology is widely used to maintain the best possible security for customer funds. The same technology helps us restore access to your account in a fast and efficient way, should it be necessary.
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