In short, yes, Guild Wars 2 is a free-to-play title – however, if you are playing on the free account you won’t have access to some of the features that paid accounts have.
No, they do not. You still have to pay for the living world, bag slots, character slots, build / gear slots. The expansion only grants you access to auction house and the story. This isn't true. Buying HoT and PoF lifts all f2p restrictions, you get more bag slots, more character slots etc.
From September 25 through October 1, you can play Guild Wars 2 for free by registering for a free trial account *. If you played in a previous free trial, we’ve re-activated your trial account so you can come back to experience all of the exciting changes in the game. For help downloading Guild Wars 2 or logging in please check our Support site.
Kostenloser Guild Wars 2 Account (Features) Wenn ihr Guild Wars 2 nicht sofort kaufen wollt, könnt ihr das komplette Grundspiel kostenlos spielen. Bestimmte Features, die das Spielerlebnis anderer Benutzer stören könnten, sind für kostenlose Accounts jedoch eingeschränkt. Hier ist eine Übersicht der Unterschiede zwischen dem kostenlosen

You cannot. People say it doesnt work but I'm pretty sure I've read somewhere you need to add each other as a friend ingame and have an authenticator attached to your account (SMS or Mobile Authenticator) to send mails with items attached to each other. the info page they wrote says they have to be mutual friends to send text mails.

The ability to buy and play living world season 2 story Currently i also believe you can unlock living world season 1 for free as well. As a f2p player you get to play everything during the first few years of the game + tons of other features, events, "side stories", new 5man fractals and more.
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guild wars 2 free limitations