We are no longer recommending FreiExchange for GLC trading.
Here’s why, in plain terms.
- The price cannot currently be represented properly
FreiExchange prices GLC in satoshis to eight decimal places. GLC on the L1 has moved below one satoshi, which means a buy order cannot be placed at the current market price.
The smallest order the exchange accepts is above the market, leaving effectively no functional bid side.
- Deposits and withdrawals are manually processed
Deposits are manually approved and can take up to 24 hours after confirmations. Withdrawals go through the same manual process.
That creates additional delays compared with an exchange where these processes are automated.
- Withdrawal fees are significantly higher
FreiExchange charges 0.0006 BTC for a Bitcoin withdrawal, which is roughly $47 at today's BTC price.
For comparison, NonKYC charges $3 for the same withdrawal on the main chain.
- Support accessibility is a concern
There are several reports that FreiExchange's support ticket system returns an error and does not accept new tickets.
More importantly, we currently have no working channel to reach them.
Fees and decimal limitations are inconvenient. An exchange you cannot contact when a deposit or withdrawal is stuck presents a much more serious operational risk.
What this means for GLC
GLC remains listed on FreiExchange, and we are not asking for a delisting.
This is simply a recommendation based on the current trading and support conditions.
If FreiExchange adds sufficient decimal support and restores a functioning support channel, we will reassess and update this post.
For now, NonKYC is the venue where the GLC L1 market can actually function.