FreiExchange Withdrawal Fee Calculator
FreiExchange charges a 0.5% withdrawal fee on all cryptocurrency withdrawals. This calculator shows how much you lose when withdrawing your funds.
Example: Withdrawing 10 BTC incurs a $3,000+ fee (0.05 BTC at current prices).
- Withdrawing 10 BTC loses you $3,000+ in fees
- Small amounts (0.01 BTC) lose only pennies but still hurt your profits
- No regulatory protection if funds disappear
FreiExchange claims to be the exchange that charges zero trading fees - no maker fees, no taker fees, nothing. That sounds too good to be true. And in crypto, when something sounds too good to be true, it usually is.
Launched in 2016 and based in Norway, FreiExchange isn’t new. But it’s not popular either. With a 24-hour trading volume under $25,000 and a global ranking of #227, it’s barely a blip on the radar. Compare that to Binance or Coinbase, which move billions daily. FreiExchange doesn’t compete. It survives in a corner - for people who trade obscure altcoins like Freicoin and don’t care about regulation, liquidity, or support.
Zero Fees? Here’s the Catch
Yes, FreiExchange doesn’t charge anything when you buy or sell crypto. That’s rare. Most exchanges take 0.1% to 0.2% per trade. Even Kraken and Bybit charge something. But FreiExchange makes up for it in one place: withdrawals.
Every time you pull money out, you pay 0.5% of the amount. Sounds small? Try withdrawing 10 BTC. That’s 0.05 BTC in fees - worth over $3,000 at current prices. Withdraw 0.01 BTC? You pay 0.00005 BTC - barely a penny. The fee scales with your withdrawal size. It’s a clever trick: reward small traders, punish big ones. But it’s also a red flag. Why would a platform make money only when you leave? That’s not a business model. It’s a trap.
Deposits? No fees. But no one seems to know how you actually deposit. No credit card option? No bank transfer? No clear info. Cryptowisser’s review admits they couldn’t find any details. That’s not transparency. That’s silence.
Security: Cold Storage, But No Oversight
FreiExchange says it uses cold storage and two-factor authentication. That’s standard. But here’s the problem: it’s not regulated. Not by the FCA, not by the SEC, not by any European or global authority. The Norwegian registration doesn’t count - it’s just a business address, not a license. That means if your funds disappear, you have no legal recourse. No ombudsman. No insurance. No way to file a complaint.
TrustScore on CoinGecko? 3 out of 10. That’s worse than most shady exchanges. It’s the lowest tier. Why? Because they suspect the trading volume is fake. And they’re right to. With $24,000 in volume, how can they claim 145 trading pairs? Most of those pairs likely have zero activity. Thin markets mean slippage, fake prices, and easy manipulation.
Who Even Uses This?
If you’re trading Bitcoin, Ethereum, or Solana, avoid FreiExchange. The liquidity is too low. You won’t get filled at the price you want. You’ll get stuck.
But if you’re holding Freicoin - a niche, decentralized currency designed to discourage hoarding - then FreiExchange might be one of the few places you can trade it. Same goes for other obscure altcoins nobody else lists. It’s a graveyard for forgotten coins. And if you’re okay with that? Fine. But don’t expect to move in or out quickly. Don’t expect help if something goes wrong.
User Experience: Clunky, But Functional
The interface isn’t ugly. It’s simple. You see prices, order books, and charts. But it’s not intuitive. Users report the website is hard to navigate. You might spend 10 minutes trying to find the withdrawal page. The mobile app exists, but it’s barely mentioned anywhere. No reviews. No screenshots. Just a note that it’s “available.”
Customer support? Mixed reports. One source says it’s responsive. Another says they ignore negative reviews. Trustpilot has two reviews. Two. That’s not a user base. That’s a ghost town. If you have a problem, you’re on your own.
Why It Still Exists
FreiExchange has been around since 2016. That’s rare in crypto. Most exchanges die within a year. So how is it still alive?
Because there’s a tiny group of people who need it. Freicoin holders. People who believe in alternative economic models. Traders who want to avoid fees on small, speculative trades. It serves a purpose - but only for a purpose-built niche.
It’s not for beginners. It’s not for investors. It’s not for anyone who values safety, speed, or support. It’s for a handful of people who care more about zero fees than zero risk.
The Bottom Line
FreiExchange isn’t a scam. It’s just a bad choice for almost everyone.
Its zero trading fee is a bait. The 0.5% withdrawal fee is the hook. The lack of regulation is the trap. The tiny user base is the warning sign.
If you’re trading Freicoin or a few other obscure coins and you’re okay with zero support, zero protection, and unpredictable withdrawals - then maybe it’s worth a small test. Put in $50. See how long it takes to withdraw. See if you can even find the withdrawal button.
For everyone else? Use Binance, Kraken, or Coinbase. Pay the 0.1% fee. Get real security. Get real support. Get real liquidity. The fee is worth it.
FreiExchange is like a gas station in the middle of nowhere. It’s open. It sells fuel. But no one else is there. And if your car breaks down? You’re stuck.
Is FreiExchange regulated?
No, FreiExchange is not regulated by any financial authority. It’s registered in Norway as a business, but that doesn’t mean it’s licensed to operate as a crypto exchange. No government body oversees its operations, meaning users have no legal protection if something goes wrong.
Does FreiExchange charge any fees at all?
FreiExchange charges zero fees for trading - no maker or taker fees. But it charges a 0.5% fee on every withdrawal. That means if you withdraw 10 BTC, you pay 0.05 BTC in fees. Deposits are free, but there’s no clear information on how to deposit funds.
Is FreiExchange safe to use?
It has basic security features like cold storage and 2FA, but the lack of regulation makes it unsafe for anything more than small, experimental trades. There’s no insurance, no dispute process, and no accountability. If the exchange gets hacked or shuts down, you lose everything.
Can I trade Bitcoin on FreiExchange?
Yes, Bitcoin is listed. But liquidity is extremely low. You’ll likely face slippage, slow order fills, and wide bid-ask spreads. For Bitcoin trading, use a major exchange with deep order books.
Why does FreiExchange have such low trading volume?
It serves a very narrow audience - mostly Freicoin and obscure altcoin traders. It lacks marketing, user support, and regulatory credibility. Most traders avoid it because of the high withdrawal fees and lack of transparency. The low volume makes it unreliable for any serious trading.
Should I use FreiExchange as my main crypto exchange?
No. It’s not designed for mainstream use. It lacks liquidity, support, and security assurances. Use it only if you’re actively trading a coin that’s only listed there - and even then, keep only minimal funds on it.
