Is Blockfolio Secure? A Trust & Safety Guide for Crypto Users 🔒
Blockfolio (now rebranded as
FTX Blockfolio) is generally considered a
safe crypto portfolio tracker, but its security depends on how you use it. Here’s what you need to know:
✅ Blockfolio’s Security Features
- No direct wallet access – It tracks holdings via API/read-only keys, reducing exposure.
- Two-factor authentication (2FA) – Adds an extra layer of account protection.
- Encrypted data – User information is secured with industry-standard protocols.
- Owned by FTX – Backed by a major exchange (though FTX’s 2022 collapse impacted trust).
⚠️ Potential Risks
- API key vulnerabilities – If synced with exchanges, ensure keys are read-only.
- Phishing/scams – Fake apps or support requests can target users.
- Past FTX association – While Blockfolio still operates, some users remain cautious.
🔐 How to Stay Safe on Blockfolio
✔ Use
strong, unique passwords + enable
2FA.
✔ Only grant
read-only API permissions when syncing exchanges.
✔ Avoid sharing personal data in chats (Blockfolio has a social feed).
✔ Download
only the official app (check developer details).
❓ FAQs About Blockfolio Safety
Q: Can Blockfolio steal my crypto?
A: No—it doesn’t hold funds. But linked exchange APIs should be restricted to "view-only."
Q: Is Blockfolio better than other portfolio trackers?
A: It’s user-friendly but compare alternatives like
Delta or CoinMarketCap for features.
Q: Was Blockfolio affected by FTX’s collapse?
A: It still functions independently, but FTX’s bankruptcy raised questions about long-term support.
Final Verdict 🛡️
Blockfolio is
safe for tracking crypto if used wisely. Prioritize security settings and stay alert to phishing risks. For added safety, pair it with a hardware wallet for storage.
Tip: Always double-check app permissions and update passwords regularly! 💡
