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! 💡