General Overview
FreiExchange is a Norway-based centralized exchange founded in 2016, originally built to support Freicoin. Over time it added niche altcoins, but remains a very small, vintage-style platform. With zero trading fees and quirky listings, it appeals to coin collectors more than mainstream traders.
Core Features
- Origin: Launched to trade Freicoin, expanded into altcoins.
- UI: Simple, retro-style dashboard with low traffic.
- Listings: 44–90 coins depending on trackers, mostly older projects (DOGE, DASH, NMC, VTC, XPM).
- Pairs: Mostly against BTC and LTC.
- Fees: Zero trading fees, withdrawal costs percentage-based.
Liquidity and Activity
Reported daily volume sits under $10,000, with CoinGecko assigning a low trust score. Liquidity is minimal, slippage is inevitable on even moderate trades, and activity remains very niche.
Security & Oversight
- Cold storage and 2FA are available.
- No external audits or proof-of-reserves.
- No regulatory licensing; trackers mark it medium risk.
- User reports flag unreliable support, including blocked tickets.
Pros and Cons
| Strengths | Weaknesses |
|---|---|
| Zero trading fees | Extremely low liquidity |
| Nostalgic altcoin selection | Unlicensed, no audits |
| Simple, low-noise interface | Withdrawal fees percentage-based |
| API and export tools | User complaints about lost funds & support |
Conclusion
FreiExchange is quirky and nostalgic, useful if you want to explore vintage altcoins or Freicoin without fees. But for serious or frequent trading, it’s impractical. Thin liquidity, minimal security assurances, and unreliable support make it unsuitable for larger use. Treat it as a crypto museum piece rather than a main exchange.