FreiExchange has been around since 2016, and if you’ve stumbled upon it while searching for a crypto exchange with no trading fees, you might think you’ve hit the jackpot. But here’s the truth: FreiExchange isn’t just another exchange. It’s a niche platform built for a very specific group - people who trade obscure altcoins, especially Freicoin, and aren’t worried about regulation, customer support, or safety nets.
Zero Trading Fees? Yes. But There’s a Catch
FreiExchange’s biggest selling point is simple: no trading fees. Ever. Whether you’re a maker or a taker, you pay 0.00% per trade. That’s rare. Even the cheapest big-name exchanges like Binance or Kraken charge between 0.10% and 0.20%. For someone trading small amounts of low-volume coins, that adds up. FreiExchange removes that friction. But here’s where it gets weird. While trades are free, withdrawals cost 0.50% of the amount you pull out. That means if you withdraw 0.01 BTC, you pay 0.00005 BTC in fees. Sounds tiny. But if you pull out 10 BTC? That’s 0.05 BTC - over $3,000 at current prices. That’s not a fee. That’s a penalty for moving real money. Most exchanges charge a flat fee for withdrawals. FreiExchange charges a percentage. It’s like paying a toll that scales with how much you’re carrying. Why? No one’s explained it. It’s just how it works.What Coins Can You Trade?
FreiExchange lists around 110 cryptocurrencies across 145 trading pairs. That sounds impressive until you look at what’s actually on the list. You’ll find Bitcoin, Ethereum, Litecoin - the usual suspects. But the bulk of the trading volume is in coins you’ve never heard of: Freicoin, ZCoin, PIVX, and other obscure projects with tiny communities. The platform clearly caters to altcoin enthusiasts who want to trade beyond the mainstream. If you’re looking to buy Dogecoin or Solana, you’ll find them. But if you’re trying to move into or out of major assets quickly, you’ll hit liquidity walls. The 24-hour trading volume? Around $24,000. That’s less than what a single popular meme coin trades in an hour on Binance.No Regulation. No Safety Net.
FreiExchange is registered in Norway, but that’s just a paperwork detail. It’s not licensed by any financial authority. Not the SEC. Not the FCA. Not even Norway’s own financial watchdog. That means if the platform gets hacked, freezes your funds, or vanishes overnight, you have zero legal recourse. No insurance. No compensation fund. No customer protection laws apply. CoinGecko gives FreiExchange a Trust Score of 3 out of 10 - one of the lowest in the industry. That score isn’t just about security. It’s about transparency. The exchange’s trading volume is so low, experts suspect it’s inflated by wash trading - fake trades designed to look like real activity. That’s a red flag. If you’re trading on a platform where you can’t trust the numbers, how can you trust anything else?
Security: Surface-Level, Not Deep
FreiExchange says it uses cold storage, two-factor authentication, and encryption. That’s standard. Every exchange claims it. But here’s the problem: no one’s ever audited their security practices. No third-party firm has verified their cold wallet addresses. No incident reports have been published. If a hack happens, you won’t know how much was stolen, or if the platform even has the funds to cover it. Also, hardware wallet support is listed as a feature - but there’s no clear guide on how to connect your Ledger or Trezor. Most users report confusion. If you’re serious about security, you need more than a checkbox on a feature list. You need clear instructions and proven integration. FreiExchange doesn’t deliver that.Customer Support? Good Luck
Some reviews say customer support is responsive. Others say they’ve sent emails for weeks and never gotten a reply. Traders Union reported that FreiExchange doesn’t respond to negative reviews on Trustpilot or Reddit. That’s not just poor service - it’s a pattern. When a company ignores criticism, it’s not because they’re busy. It’s because they don’t care. Trustpilot has only two reviews as of late 2025. That’s not enough to judge. But both are mixed. One user praised the interface. The other said their withdrawal took 11 days and they had to chase support daily. That’s not normal. On bigger exchanges, withdrawals take minutes to hours. On FreiExchange, they take days - if they happen at all.
Helen Pieracacos
Zero fees? Cool. Until you realize you're paying 3k just to withdraw your profits. This isn't a platform, it's a trap with a pretty UI.
Amit Kumar
Bro, I traded Freicoin here for 2 years. No fees = freedom. Yeah, withdrawals are a nightmare, but I don't need to move money often. I'm not here to cash out. I'm here to hodl the weird shit no one else wants. You want safety? Go to Coinbase. I want chaos. And free trades.
Dustin Bright
i just wanna say… i tried this place once. 😅 i sent 0.1 eth to withdraw and it took 9 days. i thought my wallet was hacked. turned out they just… forgot. i sent 4 emails. no replies. i gave up. now i just leave my coins there like a weird digital shrine. 🙃
chris yusunas
man this exchange is like that uncle who says he knows the best weed strain but his house is falling apart. you get the goods but you never know if he’ll still be around next week. still, if you got some obscure coin nobody else trades, this is the only place you can move it. free trades, zero support, and vibes only
Sophia Wade
The philosophical paradox of FreiExchange lies not in its fee structure, but in its existential contradiction: it offers absolute freedom of trade while systematically denying the very infrastructure required to realize that freedom. One is free to trade-but not to exit. This is not innovation. It is a performative nihilism disguised as decentralization.
Brian Martitsch
If you're using this, you're already a degens. No shame. But don't cry when your coins vanish. 🤡