What is FreiExchange?
FreiExchange is a Norway-based exchange from around late 2016, focused on smaller altcoins like Freicoin and niche legacy tokens. It's a simple crypto-only platform with zero-KYC signup and bare-bones tools, mostly serving hobby traders or collectors chasing obscure assets.
Snapshot at a glance
- Founded: Late 2016 (Norway)
- Assets: ~44 coins, 43 pairs
- Volume: ~$9K to $11K daily
- Trading Fees: Flat 0.1% or sometimes zero
- Deposit Fees: None
- Withdrawals: Vary by coin, always non-zero
- Fiat: None - pure crypto
- Transparency: No audits or reserve proofs
- Traffic: Estimates from ~57K/month to under 1K
What it's built for
FreiExchange mainly caters to old-school altcoin fans. No fiat, no leverage, no complex dashboards - just basic swap tools for lesser-known coins. Its appeal is low fees and near-zero entry barriers, ideal for micro trades or testing coins forgotten by big exchanges.
Fees, volume, trading feel
Daily trading sits tiny - $9K to $11K. Order books are thin, so big trades are a no-go. Fees? Usually 0.1%, with some sources saying zero maker/taker. Depositing costs nothing, but withdrawals vary. All simple and geared toward hobby-level action.
Security and transparency signs
- Minimal disclosures - some two-factor auth and cold storage mentioned.
- No external audits or published proof-of-reserves.
- Regulatory backing unclear; largely a private site run by a small team.
Community vibe and support
Reviews are scarce. Some users say support drags out for days, others claim OTC issues resolved within 24 hours. No major ratings like Trustpilot. Social channels exist but show light activity - fitting its small-niche nature.
Pros and cons
- Pros: Almost fee-free trades, crypto-only, no sign-up hurdles, hosts rare altcoins.
- Cons: Extremely low liquidity, no fiat ramps, unclear audits, slow support.
Final verdict
FreiExchange might be a fit if you love chasing rare coins or playing with micro caps outside major markets. For serious traders needing liquidity, regulation, or clear security, it’s simply not equipped. Use tiny sums, test withdrawals early, and treat it like a side hobby platform, not a main trading hub.