No Regulation

Reputation Ratings

FREECASH

China

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Over 20 years

Over 20 years|Suspicious Regulatory License|Medium potential risk
1 Comments
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E

Influence
E

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No effective regulatory information has been founded yet, please pay attention to the risks!

WikiBit Risk Alerts

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Previous Detection 2024-04-25

It has been verified that this Project currently has no valid regulation, please be aware of the risk!

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Company Name
FREECASH
Regulatory Status
No Regulation
Company Abbreviation
FREECASH
Platform registered country and region
China
Phone of the company
--

User Reviews

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1 ratings

Participate in evaluation
Nadski1999
i like free cash low fee of changes money
2022-11-27 00:10
0
Aspect Information
Exchange Name FREECASH
Registered Country/Area China
Regulatory Authority No Regulation
Number of Cryptocurrencies Available a multitude of virtual currencies for trading
Fees The trading fee is a variable fee that depends on the trading volume of the user and the type of asset being traded
Payment Methods bank transfers, credit or debit card payments
Customer Support Twitterhttps://twitter.com/freecashcomFacebookhttps://www.facebook.com/freecashsiteCustomer Service Email Addressmarketing@freecash.com

Overview of FREECASH

FREECASH is a leading virtual currency exchange renowned for its user-friendly interface, robust security, and extensive educational resources. Utilizing advanced technology, it offers fast and secure transactions, catering to both new and seasoned traders. With a diverse selection of virtual currencies and emphasis on user education through tutorials and responsive customer service, FREECASH is an ideal platform for beginners and experts alike, revolutionizing the virtual currency trading experience.

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Pros and Cons

Pros Cons
High security measures Lack of Regulation
User-friendly interface Potential for Fraud
Wide variety of cryptocurrencies Limited Information and Transparency
Educational resources for users Potentially High Fees

Pros:

1. High Security Measures: Ensuring the safety of users' funds is of utmost importance, and FREECASH excels in this regard. With high-standard security protocols in place, users can trade with peace of mind, knowing that their assets are protected.

2. User-friendly Interface: FREECASH boasts an intuitive interface that simplifies the trading process. Both seasoned and novice traders can navigate the platform with ease, making their trading experience smooth and enjoyable.

3. Wide Variety of Cryptocurrencies: FREECASH offers a diverse selection of virtual currencies for trading. This opens up numerous possibilities for users to trade in different currency pairs, enhancing their trading opportunities.

4. Educational Resources for Users: FREECASH education initiatives are a bonus for users looking to learn more about the virtual currency market. Comprehensive guides and tutorials that simplify complicated concepts are readily available, making it ideal for beginners and experienced traders looking to upskill.

Cons:

1. Lack of Regulation: The biggest concern is the absence of regulatory oversight. Unlike licensed exchanges, FREECASH is not subject to any regulations from established financial authorities.

2. Potential for Fraud: Due to the unregulated nature, FREECASH is more susceptible to fraudulent activities. There's a higher risk of market manipulation, hacking attacks, and scams compared to regulated exchanges.

3. Limited Information and Transparency: FREECASH might not provide detailed information about its operations, financial stability, or security measures.

4. Potentially High Fees: While the exchange advertises competitive fees, it's crucial to carefully review the fee structure, especially hidden fees or additional charges that might not be readily apparent.

Regulatory Authority

FREECASH operates as an unregulated virtual currency exchange, meaning it does not fall under the oversight of any regulatory body governing financial activities. Without regulatory supervision, FREECASH is not subject to compliance with consumer protection measures, financial transparency requirements, or cybersecurity standards mandated by regulatory authorities. As a result, users should be aware of the increased risks associated with trading on unregulated platforms, including the potential for fraud, lack of transparency, and inadequate security measures.

unregulation

Security

Emphasizes user security with measures like:

  • Advanced encryption for data protection:FREECASH prioritizes security by implementing advanced measures such as

    cryptographic techniques to

    safeguard user assets and data.

  • Two-factor authentication (2FA) for logins.

  • Cold storage for most user funds:The platform also utilizes cold storage for the majority of user funds, enhancing protection against online hacking attempts.

However, it's important to acknowledge that no system can offer complete security, and risks persist in the virtual trading world. Therefore, users should adopt good personal security practices like using secure passwords, regularly updating 2FA settings, and remaining vigilant against scams.

Cryptocurrencies Available

FREECASH offers a diverse range of virtual currencies for trading, including popular options like Bitcoin, Ethereum, and Litecoin, alongside various altcoins. The platform stands out for its educational resources, providing tutorials and guides suitable for both beginners and experienced traders. Additionally, FREECASH features user-friendly tools and functionalities, potentially including advanced charting tools and automated trading features. With a dedicated customer support system, the platform aims to address users' queries effectively. However, offerings may vary, and users are advised to visit the official website or contact customer service for up-to-date information.

Trading Market

Here is a summary of the trading products offered by FREECASH exchange, as listed on their website:

  • Stocks: FREECASH offers trading in a wide range of stocks, including US stocks, UK stocks, European stocks, and Asian stocks.

  • Forex: FREECASH offers trading in over 60 forex currency pairs, including major pairs like EUR/USD and GBP/USD, as well as minor pairs like USD/JPY and EUR/CHF.

  • Commodities: FREECASH offers trading in a variety of commodities, including gold, silver, oil, and natural gas.

  • Indices: FREECASH offers trading in a number of stock indices, including the S&P 500, the Dow Jones Industrial Average, and the NASDAQ Composite.

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Fees

Trading Fees

FREECASH charges a trading fee for each trade executed on its platform. The trading fee is a variable fee that depends on the trading volume of the user and the type of asset being traded. The following table shows the trading fees charged by FREECASH for different asset classes:

Asset Class Trading Fee
Stocks 0.0025% per share
Forex 0.0002% per pip
Commodities 0.0005% per contract
Indices 0.0001% per point
Cryptocurrencies 0.0025% per trade

Deposit and Withdrawal Fees

FREECASH charges a fee for deposits and withdrawals made to and from its platform. The deposit and withdrawal fees vary depending on the payment method used. The following table shows the deposit and withdrawal fees charged by FREECASH for different payment methods:

Payment Method Deposit Fee Withdrawal Fee
Bank Wire Transfer 0.10% 0.10%
Credit/Debit Card 2.50% 2.50%
Cryptocurrency 0.0005 BTC 0.0005 BTC

Other Fees

FREECASH may charge other fees, such as inactivity fees and account maintenance fees. These fees are typically charged on a monthly basis. It is important to note that FREECASH may change its fees at any time. You should carefully review the fees charged by FREECASH before trading on its platform.

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Services

  • FREECASH Wallet: FREECASH offers a non-custodial cryptocurrency wallet that allows users to store, send, and receive cryptocurrencies. The wallet is available as a mobile app and a web extension.

  • FREECASH Earn: FREECASH offers a staking service that allows users to earn rewards by staking their cryptocurrencies. The rewards are paid out in the same cryptocurrency that is staked.

  • FREECASH Learn: FREECASH offers a learning platform that provides users with educational resources about cryptocurrencies and blockchain technology. The platform includes articles, videos, and quizzes.

  • FREECASH Charity: FREECASH has a charitable arm that supports a variety of causes, including education, healthcare, and environmental protection. The charity accepts donations in cryptocurrencies and fiat currencies.

FREECASH APP

How to download the FREECASH app:

The FREECASH app is available for download on both Android and iOS devices.

  • Android: You can download the FREECASH app from the Google Play Store.

  • iOS: You can download the FREECASH app from the Apple App Store.

Download channels:

The FREECASH app can be downloaded from the following channels:

  • Google Play Store: The FREECASH app is available for download on the Google Play Store for Android devices.

  • Apple App Store: The FREECASH app is available for download on the Apple App Store for iOS devices.

  • FREECASH website: You can also download the FREECASH app from the FREECASH website.

App features:

The FREECASH app offers a variety of features, including:

  • The ability to buy, sell, and trade cryptocurrencies: The FREECASH app allows users to buy, sell, and trade a variety of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and Ripple.

  • A user-friendly interface: The FREECASH app has a user-friendly interface that makes it easy for users to buy, sell, and trade cryptocurrencies.

  • A variety of security features: The FREECASH app offers a variety of security features, such as two-factor authentication and SSL encryption, to protect users' funds.

Overall, the FREECASH app is a well-rounded cryptocurrency exchange that offers a variety of features and benefits. However, it is important to note that FREECASH is not a regulated exchange, and as such, there is no guarantee of the safety or security of your funds. You should carefully consider the risks involved before trading with FREECASH.

app

How to Buy Cryptos?

Purchasing cryptocurrencies on FREECASH typically involves several steps as discussed below:

1. First, you have to create an account on the FREECASH exchange. This process usually requires filling out a form with your personal information. Depending on the exchange's KYC (Know Your Customer) policies, you might need to provide additional identification for verification purposes.

2. Once your account is activated and verified, you can log in and navigate to the deposit section. Here, you will have options to deposit funds into your FREECASH account, usually through methods like bank transfer or credit/debit card payments.

3. After depositing funds, you can navigate to the trading section of the platform. You will find a variety of virtual currencies listed for trading. Here, you can select the cryptocurrency you wish to purchase.

4. Upon selecting the specific cryptocurrency, you will be prompted to input the amount you wish to buy, selecting either a market order (buying at the current market price) or a limit order (buying when the price reaches a specific value set by you).

5. After specifying the amount, you can finalize the transaction by clicking on the 'Buy' button. The newly purchased cryptocurrency will then be credited to your FREECASH account.

Lastly, for detailed guidance specific to the platform, users are highly advised to refer to FREECASH's own tutorials, comprehensive guides, or customer support.

free cash
buy

Payment Methods

FREECASH offers a range of payment options, including bank transfers, credit/debit card payments, and potentially deposits via digital currencies, subject to geographic location and local regulations. Processing times vary; credit/debit card payments are usually instant, while bank transfers may take several days due to verification protocols. Factors like bank service hours can affect processing times and fees. For the latest information, users should consult FREECASH's official resources.

payment

Is FREECASH a Good Exchange for You?

Types of users FREECASH may be suitable for:

  • Experienced cryptocurrency traders: These traders may be willing to accept the higher risks associated with using an unregulated exchange in exchange for the potential benefits, such as a wider range of trading products and features.

  • Users who are looking for a low-cost exchange: FREECASH charges relatively low fees, which may be attractive to users who are looking to save money on trading costs.

  • Users who are looking for an exchange with a user-friendly interface: FREECASH has a user-friendly interface that makes it easy to buy, sell, and trade cryptocurrencies.

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FAQs

Q: What is FREECASH?

A: FREECASH is a global virtual currency exchange platform known for its user-friendly interface, advanced security measures, and impressive array of virtual currencies for trading.

Q: What currencies can I trade on FREECASH?

A: FREECASH offers a wide range of virtual currencies for trading, including popular digital currencies like Bitcoin, Ethereum, and Litecoin, along with various altcoins.

Q: What educational resources does FREECASH provide?

A: FREECASH provides comprehensive educational resources such as tutorials, articles, guides aimed at both novice and seasoned traders.

Q: How do I buy cryptocurrencies on FREECASH?

A: You can buy cryptocurrencies on FREECASH by creating an account, depositing funds, selecting the digital currency you wish to purchase, and completing the transaction.

Q: What payment methods does FREECASH accept?

A: FREECASH typically accepts a variety of payment methods including bank transfers and credit or debit card payments.

Risk Warning

Cryptocurrency exchange investments come with inherent security risks. It is important to be aware of these risks before engaging in such investments. Cryptocurrency exchanges are susceptible to hacking, fraud, and technical glitches, which can result in the loss of funds. It is recommended to choose reputable and regulated exchanges, stay updated on security measures, and be vigilant in detecting and reporting any suspicious activities. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.