Blockfolio Crypto App – Pros and Cons in Our View

Blockfolio has been one of the most recognizable crypto portfolio tracking apps for more than a decade. As users spread their holdings across exchanges, wallets, and DeFi platforms, the need for a clean and centralized portfolio overview only grows stronger. 

Blockfolio aimed to solve that problem early by offering a simple way to track thousands of digital assets with real-time pricing and customizable alerts.

Even as the market evolved and newer tools appeared, Blockfolio remained popular among long-term holders and active traders who want a reliable app for monitoring their coins. 

But as with any tool, Blockfolio has strengths that make it appealing, and limitations that you should understand before deciding whether it fits your needs.

This article presents an honest view of Blockfolio, covering its benefits, drawbacks, key features, and overall usefulness in today’s crypto landscape. If you want to know whether Blockfolio still works and whether it’s right for your tracking habits, this guide will help you decide.

Key Takeaways

• Blockfolio is a widely used mobile app for tracking crypto holdings across multiple exchanges and wallets.
• It supports over 8,000 cryptocurrencies and more than 300 exchanges.
• Users can create custom watchlists, set price alerts, and track real-time market data.

What Is Blockfolio and What Does It Do?

Blockfolio is a mobile portfolio tracker designed to help users monitor cryptocurrency prices and manage their digital asset holdings. Founded in 2014, the app quickly became a favorite for early crypto adopters, offering an intuitive interface that condensed market data into a single screen.

Unlike trading platforms, Blockfolio never stored funds or executed transactions. Its role is purely informational, giving users a way to track balances, record trades, follow market movements, and receive updates from project teams.

Blockfolio supports a wide range of digital assets, from Bitcoin and Ethereum to thousands of small-cap altcoins. It also aggregates data from hundreds of exchanges, making it more versatile than many newer tracking apps.

Read Also: Best Crypto Trading Indicators to Elevate Your Strategy

Blockfolio’s Most Important Features

Several features make Blockfolio stand out even today. These tools are designed to make portfolio tracking smooth and customizable.

Key features include:

• Tracking for over 8,000 cryptocurrencies
• Connectivity to more than 300 exchanges
• Real-time pricing, candlestick charts, and market depth
• Customizable watchlists and portfolio views
• Price alerts with thresholds set by the user
• Support for more than 100 fiat currencies
• News feed from major crypto outlets
• Blockfolio Signal updates directly from project teams
• Privacy tools such as PIN lock and hidden balances
• In-app transaction recording for P/L analysis

Together, these features offer a comprehensive overview of the market, even for users with diverse portfolios.

Pros of Using the Blockfolio App

Blockfolio gained its large user base because of several clear strengths. These advantages made it a reliable and practical choice for many crypto investors.

Wide Crypto Support

Blockfolio supports thousands of coins, making it ideal for users who invest in both popular assets and emerging altcoins. It is also updated frequently to reflect new listings.

Simple Interface and Ease of Use

The design is clean, mobile-first, and straightforward. New users can navigate the app within minutes without technical knowledge. Watchlists and portfolios can be built with just a few taps.

Custom Alerts and Notifications

Price alerts help users stay on top of market movements without constantly refreshing charts. Alerts can be configured for breakouts, dips, or specific targets.

Rich Market Data

Users have access to candlestick charts, market depth, and exchange-level pricing. This makes it easier to understand liquidity and short-term volatility.

Strong Privacy Controls

Blockfolio does not require personal data to track portfolios. Users can hide balances or enable PIN protection for extra privacy.

Multilingual and Global Availability

Blockfolio supports over 12 languages and displays prices in more than 100 global currencies, making it accessible worldwide.

These benefits make Blockfolio an attractive tool even for users who only check prices occasionally.

Cons of Using Blockfolio

Despite its strengths, Blockfolio also has limitations that may matter depending on your workflow. Understanding these drawbacks will help you decide whether the app meets your expectations.

Manual Input Required

One of the biggest cons is the need to manually enter trades. Since Blockfolio does not connect directly to exchanges via API, users must log transactions themselves.

This is manageable for small portfolios but becomes time-consuming for active traders.

No Desktop Application

Blockfolio is optimized for mobile only. There is no official desktop version, which may frustrate users who prefer to track portfolios on larger screens.

Privacy Concerns for Some Users

Although Blockfolio claims not to sell personal data, its privacy policy allows sharing of anonymized, aggregated data for research. Some users prefer trackers that do not share any data at all.

Occasional Price Feed Inconsistencies

Like any app relying on third-party exchanges, Blockfolio sometimes experiences temporary price data issues. These can lead to inaccurate portfolio valuations until corrected.

No Trading or Wallet Integration

Blockfolio is not an exchange, so users cannot execute trades from the app. It is purely a tracker with no built-in wallet features.

These limitations may be deal-breakers for highly active traders or privacy-focused investors.

Why People Still Use Blockfolio

Even with evolving competition, many users stay loyal to Blockfolio because it delivers what most people want: a simple, dependable way to track crypto. It is not bloated with unnecessary trading tools, and it does not require connecting accounts.

People who hold portfolios across multiple platforms often find Blockfolio useful when they want:

• A clean overview of all holdings
• Quick access to prices and market data
• Alerts to help time entries or exits
• A minimal and mobile-first interface

As long as these needs remain, Blockfolio continues to serve a wide audience.

Is Blockfolio Safe?

Blockfolio does not store crypto, private keys, or sensitive identity data. It acts only as a portfolio tracker. Because of this, the risk of losing funds through the app is extremely low.

Security features include:

• PIN lock
• Hidden balance mode
• Device-level encryption
• No wallet or exchange API connections

The main privacy consideration is its data policy regarding aggregated information. For most users, this is not an issue, but those who want zero data sharing may prefer alternatives.

Final Thoughts

Blockfolio remains one of the most widely used crypto tracking apps because of its simplicity, broad asset support, and strong customization. It excels at giving users a clear and organized way to monitor their digital asset portfolios without requiring trading access or personal data.

While it has drawbacks, including manual trade entry and the absence of a desktop app, it continues to perform well as a dedicated portfolio tracker. For anyone seeking a reliable and easy-to-use mobile tool to check prices and portfolio values, Blockfolio is still a strong option.

Read Also: Top 5 Tools for Crypto Trading and On-Chain Analysis

FAQs

Does Blockfolio still work today?

Yes, Blockfolio continues to function as a crypto tracking app with regular updates.

Is Blockfolio safe to use?

It is safe for tracking because it does not store funds or private keys, and offers privacy features like PIN lock.

Why should I use Blockfolio?

It is simple, supports thousands of assets, provides real-time alerts, and organizes your holdings in one place.

What are the main cons of Blockfolio?

Manual trade entry, limited privacy, no desktop version, and occasional price feed errors.

Is Blockfolio good for beginners?

Yes. The interface is easy to use and requires no technical experience, making it beginner-friendly.