FreiExchange Crypto Exchange Review: Zero Fees, High Risks

alt Jan, 2 2025

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Warning: FreiExchange charges a 0.50% withdrawal fee, which becomes expensive at larger amounts. For example, withdrawing 10 BTC costs $3,000+ at current prices.

FreiExchange has been around since 2016, and it still flies under the radar. If you're looking for a crypto exchange with no trading fees, it sounds like a dream. But here’s the catch: FreiExchange is unregulated, has almost no trading volume, and users report serious issues with withdrawals and support. This isn’t a platform for beginners. It’s not even a solid choice for experienced traders unless you’re specifically chasing Freicoin or obscure altcoins and are willing to accept serious risks.

Zero Trading Fees - But at What Cost?

FreiExchange’s biggest selling point is simple: no trading fees. Ever. Whether you’re a maker or a taker, you pay 0.00%. That’s rare. Even the smallest exchanges usually charge at least 0.10% per trade. On Binance or Kraken, that adds up fast. For someone trading small amounts frequently, FreiExchange looks attractive on paper.

But here’s what they don’t tell you upfront: they charge a 0.50% withdrawal fee. That’s not a flat fee. It’s a percentage of whatever you pull out. Withdraw 0.01 BTC? That’s 0.00005 BTC in fees. Withdraw 10 BTC? That’s 0.05 BTC - worth over $3,000 at current prices. That’s not a fee. That’s a trap. If you’re moving large sums, you’re paying a hidden tax just to get your money out.

And deposits? No one knows. Cryptowisser says they couldn’t find any info on deposit methods. No credit card? No bank transfer? No clear details. That’s not transparency. That’s a red flag.

Low Volume, Low Trust

FreiExchange trades about $24,000 in 24 hours. That’s less than what a single popular meme coin moves in a single hour on Binance. It ranks #227 out of hundreds of exchanges. CoinGecko gives it a Trust Score of 3 out of 10. That’s the lowest tier. It means experts believe its trading numbers are inflated or fake - a common trick used by low-volume exchanges to look active.

Why does this matter? Liquidity. If you want to buy or sell a coin quickly without slippage, you need volume. FreiExchange doesn’t have it. You might find a buyer for your Freicoin, but try selling 500 units of some obscure token? Good luck. You’ll be stuck waiting hours, or worse - your order won’t fill at all.

Security: Cold Storage, But No Oversight

FreiExchange says it uses cold storage and two-factor authentication. That’s standard. Most exchanges do. But here’s the problem: it’s not regulated anywhere. Not in the EU. Not in the U.S. Not in Norway, even though it claims to be registered there. No financial authority monitors it. No consumer protection. If the site gets hacked, if your funds vanish, if they suddenly shut down - you have zero legal recourse.

Compare that to Coinbase or Kraken. They’re licensed, audited, insured. FreiExchange? It’s a black box. WikiBit and FxVerify both confirm: no regulatory oversight. That’s not a minor detail. It’s the biggest risk you’re taking.

A broken crypto interface with missing deposit buttons and a silent support figure in geometric, monochrome Constructivist design.

Usability: Clunky, Confusing, and Barebones

The interface looks clean - at first. It shows price charts, order books, basic market data. But users say the navigation is inaccessible. You can’t find simple things like deposit addresses or withdrawal limits. The website has a 54% bounce rate. That means over half of visitors leave within seconds because they can’t figure it out.

There are no tutorials. No help center. No educational content. If you’re new to crypto, you’re on your own. Even experienced traders report frustration. One user said they spent 20 minutes trying to find where to enable 2FA. That’s not user-friendly. That’s neglect.

Customer Support: Silent on Complaints

You’d think a platform this small would be responsive. But Traders Union reports FreiExchange doesn’t reply to negative reviews. Not on Trustpilot. Not on Reddit. Not on forums. Only two Trustpilot reviews exist - and they’re barely enough to judge anything. That’s not customer service. That’s avoidance.

WikiBit says customer support is responsive. Traders Union says the opposite. Who do you believe? The lack of consistent feedback suggests there’s no real support team. Or if there is, they’re overwhelmed or uninterested.

A toppled pyramid of obscure coins over a small user, with shattered regulatory shields and distant safe exchanges in the background.

Who Is FreiExchange For?

Let’s be clear: this isn’t for you if you’re buying Bitcoin or Ethereum. It’s not for long-term holders. It’s not for anyone who values safety or legal protection.

The only people who might benefit are:

  • Traders who actively trade Freicoin or other ultra-niche altcoins and want to avoid trading fees
  • People who understand the risks and treat this like a high-risk gambling side project - not an investment
  • Developers who want to test the API (though documentation is unclear)
Even then, you’re putting your money on a platform that could disappear tomorrow. There’s no guarantee it’ll be around next year.

The Bigger Picture

Crypto regulation is tightening everywhere. The EU’s MiCA law, the U.S. SEC crackdowns, Japan’s licensing rules - all of it is pushing unregulated exchanges out of the market. FreiExchange has survived since 2016, but that’s not a sign of strength. It’s a sign that it’s been ignored. Not because it’s great - but because it’s too small to matter.

If you’re looking for a safe, reliable exchange, look elsewhere. If you’re chasing zero fees and don’t mind risking your funds on a shadowy platform, then FreiExchange might tempt you. But don’t say you weren’t warned.

Alternatives to Consider

If you want zero trading fees without the risks:

  • Bybit offers 0% spot trading fees for users with high volume or who hold their native token.
  • Kraken has a maker-taker fee structure that can go as low as 0% for high-volume traders.
  • Bitstamp and Coinbase are regulated, secure, and offer clear deposit/withdrawal options.
None of these have the same bizarre withdrawal fee structure as FreiExchange. None of them operate in the dark.

Is FreiExchange safe to use?

No, not by modern standards. FreiExchange is not regulated by any financial authority, which means there’s no legal protection if something goes wrong. While it uses cold storage and 2FA, the lack of oversight, low trading volume, and history of unresponsive support make it a high-risk platform. Treat it like a gamble, not a bank.

Does FreiExchange charge deposit fees?

There’s no clear information on deposit fees. Cryptowisser’s review says they couldn’t find any details on deposit methods at all. That lack of transparency is a red flag. If they won’t say how you can put money in, you shouldn’t trust them with your funds.

Why does FreiExchange have a 0.50% withdrawal fee?

It’s a hidden cost designed to offset the zero trading fees. Unlike flat withdrawal fees (like $1 or 0.0001 BTC), this percentage fee scales with the amount you withdraw. A small withdrawal costs pennies. A large one costs thousands. This structure punishes serious traders and makes it expensive to move significant funds - which is the opposite of what a serious exchange should do.

Can I trade Bitcoin on FreiExchange?

Yes, Bitcoin is listed. But trading volume is extremely low. You won’t find deep liquidity, and your orders may not fill quickly. If you’re trading BTC, you’re better off on larger exchanges where spreads are tighter and execution is faster.

Is FreiExchange a scam?

It’s not confirmed as a scam, but it has all the warning signs: unregulated, low volume, no transparency on deposits, poor user feedback, and no response to complaints. Many experts classify it as an “obscure corner” of the crypto world - not a legitimate exchange. Use it only if you’re willing to lose everything you put in.

What cryptocurrencies does FreiExchange support?

FreiExchange lists around 110 cryptocurrencies, including Freicoin, Bitcoin, Ethereum, and many obscure altcoins. But most of these have virtually no trading volume. You’ll find better liquidity and pricing on major exchanges for the top 20 coins.

Should I use FreiExchange for long-term holding?

Absolutely not. If you’re holding crypto for the long term, you need security, transparency, and reliability. FreiExchange offers none of that. Store your long-term holdings in a hardware wallet or on a regulated exchange like Coinbase or Kraken. Never leave large amounts on FreiExchange.

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15 Comments

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    gary buena

    November 15, 2025 AT 13:08
    so zero fees but you get robbed when you try to withdraw? classic. like a magic trick where the rabbit is your life savings.
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    Hannah Kleyn

    November 17, 2025 AT 03:43
    i read this whole thing and honestly i'm more confused than when i started. like sure no trading fees sounds great until you realize they're charging you to leave the building. and nobody knows how to get in? that's not a platform that's a haunted house with a sign that says 'free candy inside'.
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    Vanshika Bahiya

    November 17, 2025 AT 19:15
    if you're new to crypto please don't touch this. i've seen too many people lose everything chasing 'no fees' and end up crying in discord threads. stick with kraken or bybit. they have real support and you won't feel like you're betting on a dice roll in a dark alley.
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    Albert Melkonian

    November 18, 2025 AT 17:27
    While the structural deficiencies of FreiExchange are indeed pronounced and warrant serious caution, it is not without historical precedent in the evolution of decentralized financial ecosystems. Many early-stage platforms operated under similar obscurity before regulatory frameworks matured. Nevertheless, the absence of transparency regarding deposit mechanisms and the punitive withdrawal structure constitute significant fiduciary red flags that cannot be overlooked.
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    Kelly McSwiggan

    November 19, 2025 AT 04:26
    oh wow a crypto exchange that doesn't even bother to hide its scammy nature. brilliant. 0.5% withdrawal fee on 10 btc? that's not a fee that's a robbery with a spreadsheet. and the support? silent. like a ghost that ghosted your last text. amazing.
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    Byron Kelleher

    November 19, 2025 AT 07:20
    i get it, you want free trading. who doesn't? but this feels like trading your car for a bike that has no wheels. sure you're not paying gas, but now you gotta walk 50 miles. there's better ways to save on fees without risking your whole portfolio on a website that looks like it was built in 2012.
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    Cherbey Gift

    November 20, 2025 AT 05:20
    freixchange is the crypto version of that one friend who says they have a secret recipe for immortality but only shares it if you give them your firstborn and your wifi password. it's not about the fees. it's about the energy. this place is a black hole for trust. you put your coins in and they become part of the void. i feel it in my bones.
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    Anthony Forsythe

    November 20, 2025 AT 21:19
    this isn't just an exchange. this is a metaphor. zero fees? that's the siren song. the withdrawal fee? that's the tide pulling you under. the silence from support? that's the ocean swallowing your screams. we live in an age where people trade digital ghosts for promises written in smoke. freiexchange is not a platform. it's a funeral for your financial optimism.
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    Kandice Dondona

    November 22, 2025 AT 03:29
    i just wanna say i'm so glad someone wrote this 🥹 i was seriously thinking of trying it because of the zero fees but now i'm just gonna keep my coins on coinbase and sleep at night 💤✨ thanks for the clarity!
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    Becky Shea Cafouros

    November 24, 2025 AT 01:43
    The lack of deposit transparency is concerning. While the zero trading fee structure is theoretically appealing, the absence of verifiable deposit methods renders the platform functionally inaccessible to most users.
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    Drew Monrad

    November 25, 2025 AT 20:54
    you all are missing the point. this is the future. centralized exchanges are dying. freiexchange is the rebellion. the 0.5% withdrawal fee? that's the price of freedom. you think kraken cares about you? they care about their stock price. this is raw crypto. unfiltered. unregulated. real. you just don't have the guts to handle it.
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    Cody Leach

    November 26, 2025 AT 19:26
    i've used this site once. tried to withdraw 0.1 btc. took 3 weeks. no updates. finally got it. lost $40 in fees. never again. if you're reading this and thinking 'maybe it's worth a shot' - it's not.
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    sandeep honey

    November 28, 2025 AT 06:27
    i trade on freiexchange for freicoin only. yes withdrawal fee sucks but i only move coins every 3 months. trading fees add up more than that. also their api is decent if you're dev. but yeah don't put your life savings here.
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    Mandy Hunt

    November 29, 2025 AT 03:32
    this is all a setup by the feds to make people use coinbase. they want you to pay fees so they can track you. freiexchange is the only real option left. they're not hiding the withdrawal fee they're hiding the truth that the government is watching you. if you're not using freiexchange you're already compromised
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    anthony silva

    November 30, 2025 AT 10:43
    lol so they charge you to leave? classic. next thing you know they'll charge you to breathe. i'm not even mad. just impressed at how brazen they are. zero fees? sure. zero trust? absolutely.

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