Blockfolio Crypto Portfolio Tracker Review: Is It Safe and Legit?

Blockfolio Crypto Portfolio Tracker Review: Is It Safe and Legit?

Blockfolio is a free crypto portfolio tracking tool that, according to the vendor, is trusted by millions of crypto merchants over the world. This app provides the current prices for crypto assets, along with live news updates. Recently, the platform has changed its name to FTX.

What is Blockfolio?

The core team of Blockfolio.

Blockfolio was launched in 2014, with the objective of letting users save time by tracking their coin holdings and improving their trading experience through curated news updates. Edward Moncada is the co-founder and CEO of this company. Other key team members include CTO Brian Dilley, Product VP Jonathan Chu, Director of Customer Support Harold Boo, and Director of Engineering Jeremy Arnold. 

How does Blockfolio work?

Blockfolio supports over 10,000 digital instruments and 500 exchanges, and this lets you monitor all your holdings from one app. It is one of the few crypto portfolio management software programs where you can deal in crypto coins with no extra fees. The news feed is another feature of this crypto service that lets you minimize the noise by letting you choose which assets you wish to keep an eye on. 

How to use Blockfolio?

Follow these steps to get started with Blockfolio:

  1. Download the app

Blockfolio is available on both iTunes and Google Play Store. The download takes just a few seconds since the app is only 23 MB in size. 

  1. Customize the app according to your preferences

After launching the app for the first time, you will land on the default screen. Here, you will see ETH and BTC being listed. If you don’t wish to watch these assets, you can click on a particular coin and enable the “unwatch” option. 

  1. Add new coins

At the bottom of your screen, you will notice a plus sign. By clicking on this, you can search for new assets to add to the list. You will be able to see the daily performance and value of each coin in the list. 

  1. Add the transaction details

Beside each asset, there is an “Add” button. When you click on this, you land on a screen where the parameters or the transaction can be added. 

  1. Monitor the portfolio

It is possible to see the market details for each coin from the main screen. You can set up notifications and study the price charts for each. By entering the proper parameters, you can modify the size of your positions.

Security of Blockfolio

This platform does not require you to divulge any private information. That being said, your trading history is not private and the company may share it with a third party. It has a two-factor authentication that deters security breaches.

What crypto exchanges does it support?

Blockfolio supports exchanges like Uniswap, Poloniex, OKEx, Kraken, Huobi, FTX, Coinbase, Bittrex, BitMEX, Bitflyer, Bitfinex, and Binance.

Deposits & withdrawals

For users with basic verification, the deposit limit is $5000 during a 10-day period. Those who are fully verified get a limit of $30,000. Provided ACH deposits are cleared, withdrawals are available within 15 days.

Blockfolio fees

There is no fee applicable for purchasing and selling crypto through Blockfolio. After making three deposits for free, you need to pay $0.50 for each bank deposit. If you make more than three ACH withdrawals on a day, there will be a $1.50 fee.

Quick summary of Blockfolio

Here are the main features of the platform:

  • Customizable homepage
  • Price alerts according to price levels
  • Live crypto signals
  • Latest market news

Pricing

Since it is a free service, there are no pricing packages for Blockfolio.

Key details of Blockfolio

HeadquartersSanta Monica, California
Founded in2014
Listed CryptocurrencyBTC, ETH, BNB, USDT, SOL, etc.
Supported Fiat CurrenciesUSD, GBP, AUD, etc.
Trading PairsN/A
Supported CountriesUS
Minimum DepositN/A
Deposit FeesN/A
Transaction FeesN/A
Withdrawal Fees$1.50 after three withdrawals
Customer SupportMail

Customer support 

If you require support, you can contact the team via email. In the absence of a live chat feature, the support is quite slow.

Blockfolio review: pros and cons

Pros

  • Crypto trading facility
  • Over 500 exchanges supported
  • Live news feed

Cons

  • Transaction details are added manually

Is Blockfolio legit?

User reviews for Blockfolio Crypto Portfolio Tracker on Trustpilot.

Yes, Blockfolio is a legit crypto portfolio tracker that is trusted by members of the crypto community. Several customers have given rave reviews online for this service.

Final word on Blockfolio

Final word on Blockfolio
0 100 0 1
Blockfolio is a platform that lets you track your assets and trade with them at the same time. It provides you with valuable market insights. That being said, it may share your trading history with other parties, which is why traders who are particular about privacy might not favor it.
Blockfolio is a platform that lets you track your assets and trade with them at the same time. It provides you with valuable market insights. That being said, it may share your trading history with other parties, which is why traders who are particular about privacy might not favor it.
Total
0
Shares
Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts