FreeWalletlatest release: 0.1.9 ( 17th March 2019 ) last analysed 1st October 2021 Not updated in a long time
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Do your own research!
Try out searching for "lost bitcoins", "stole my money" or "scammers" together with the wallet's name, even if you think the wallet is generally trustworthy. For all the bigger wallets you will find accusations. Make sure you understand why they were made and if you are comfortable with the provider's reaction.
The Analysis ¶
The provider of this Freewallet reached out to us to stress that freewallet.io was not the same as freewallet.org which is spamming Google Play with many wallets and we have reviewed three of those here, too:
- Bitcoin Wallet. Buy & Exchange BTC coin－Freewallet is custodial with 500k downloads.
- Bitcoin & Crypto Blockchain Wallet: Freewallet is custodial, with 100k downloads.
- Lite HD Wallet – Your Coin Base is probably also custodial, with only 500 downloads so far.
He says that his wallet is non-custodial and open source and indeed we see those same claims on Google Play.
On the website we read:
FreeWallet Mobile is open-source, and available for anyone to fork or review, so you know that it works exactly the way that it is supposed to.
and indeed we find a repository. It had no changes for two years and also Google Play does not report any changes since March 2019 but this looks like open source.
Unfortunately there is no build instructions so we cannot reproduce the app and it remains not verifiable.
This product did not get updated in over two years.
As part of our Methodology, we ask:Was the product updated during the last two years? If not, we tag it Obsolete!
Bitcoin wallets are complex products and Bitcoin is a new, advancing technolgy. Projects that don’t get updated in a long time are probably not well maintained. It is questionable if the provider even has staff at hands that is familiar with the product, should issues arise.
This verdict may not get applied if the provider is active and expresses good reasons for not updating the product.
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