A trading cryptocurrency guide must provide reviews of all of the top crypto exchanges out there, so that you can find the best cryptocurrency exchange site for you. This review of FreiExchange consists of four parts: general information, fees, deposit methods and security.
FreiExchange is a Norwegian cryptocurrency exchange, that a Norwegian team created in December 2016 due the lack of exchange points for Freicoin.
We have not been able to tell whether US-investors are permitted or not. If you are a US-investor and wants to be absolutely certain that you are permitted to trade though, se our Exchange Finder here to find out which alternatives you have.
FreiExchange Trading View
Different exchanges have different trading views. And there is no “this overview is the best”-view. You should yourself determine which trading view that suits you the best. What the views normally have in common is that they all show the order book or at least part of the order book, a price chart of the chosen cryptocurrency and order history. They normally also have buy and sell-boxes. Before you choose an exchange, try to have a look at the trading view so that you can ascertain that it feels right to you. We have not yet been able to obtain a picture of the trading view of FreiExchange. We apologize for any inconvenience this may cause.
FreiExchange Trading fees
The one thing we can’t stress enough is that you must always ascertain the trading fees at any exchange you are interested in. Every trade occurs between two parties: the maker, whose order exists on the order book prior to the trade, and the taker, who places the order that matches (or “takes”) the maker’s order. We call makers “makers” because their orders “make” the liquidity in the market. Takers are the ones who remove this liquidity by matching makers’ orders with their own.
To our understanding when reviewing the fee information on the website of this exchange, they actually do not charge any trading fees at all. This means that the taker fees at FreiExchange are 0.00%, and that the maker fees at FreiExchange also are 0.00%. This is an extremely competitive offering that we really think is a feather in the hat for this exchange.
FreiExchange Withdrawal fees
Well then, trading fees are great. How about the withdrawal fees? This exchange charges a withdrawal fee amounting to 0.50% when you withdraw cryptocurrencies (such as BTC). This is an unusual withdrawal fee model. Most exchanges have a fixed withdrawal fee, regardless of the size of the withdrawn amount.
In addition to this exchange, only the following have percentage based withdrawal fees (from lowest to highest): FatBTC (0.05%), BitINKA (0.15%), RippleFox (0.20%), BCEX (0.50%), DOBI Trade (0.50%), iCE3 (0.50%) and Trustdex (1.00%).
With the fee model that this exchange has, when you withdraw small amounts, it is beneficial to you. If you withdraw 0.01 BTC, the withdrawal fee becomes 0.00005 BTC (very low). However, if you withdraw 10 BTC, the withdrawal fee becomes 0.05 BTC (extremely high). You should analyze for yourself whether this withdrawal fee model suits you or not.
We have not been able to find any information on deposit methods.
This platform’s security score is C, when performing the test at Observatory by Mozilla (https://observatory.mozilla.org/). This is in line with industry average when it comes to top crypto exchanges.
We hope you have enjoyed reading the above review. We also recommend checking out the following cryptocurrency exchanges. They are well established in the industry and have also received excellent ratings from the visitors on our site: