In other words, using Blockfolio is completely anonymous and safe. Finally, Blockfolio doesn’t require any personal information on its users. Third, all keys are stored on your device and not on Blockfolio’s servers. Second, the app actually demands the exchange linking occur through read-only keys so the app has no access to make trades or withdrawals. You can perfectly track your tokens without granting access to the exchanges, but it will mean entering all transaction information manually. But there is really nothing to fear.įirst of all, linking your exchange accounts is completely optional. Some people might have some doubts about granting this kind of permission to Blockfolio for security reasons. Is Blockfolio safe?īlockfolio allows you to link it to your crypto exchange accounts so information about your trades can be synced right to the app. This would allow the app to display if this particular purchase is making or losing your money in the long run.

If, for example, you were to purchase some Ripple (XRP) tokens using Bitcoin (BTC), you would enter the information about this transaction (amount purchased, price, fees, etc.).

The other information is provided by you. It constantly tracks prices of over 8000 coins across many exchanges and displays the prices for those coins that are relevant to you. Some of this information is gathered by the app itself. How does Blockfolio work?īlockfolio works by gathering and displaying information. They are software applications that allow you to monitor the prices of crypto tokens so you can decide when to buy or sell. Cryptocurrencies behave in much the same way and that is how crypto portfolio trackers came to be. Stockbrokers have always monitored their stocks to learn how they behave and make profits from the old “buy low and sell high” axiom. Portfolio tracking isn’t new or exclusive to crypto trading. Blockfolio is a crypto portfolio tracker. What is Blockfolio?īefore explaining how to use Blockfolio, let’s briefly comment on just what it is. Read this brief Blockfolio guide to find out. A Google search led you to an app and you are now wondering how to use Blockfolio. Seeing this you’ve surely thought “How can anyone keep track of all this? ”. However, after doing some research and reading cryptocurrency guides, you found out that there are thousands of digital coins out there, trading across hundreds of different exchanges with different exchange rates on each one. If you’ve heard a little about people that have managed to make a fair amount of money from crypto trading, you may have decided to try it out for yourself.

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