To start off with, Blockfolio is one of the world’s most popular FREE Bitcoin & cryptocurrency portfolio tracking app. This application supports over 8,000 top cryptocurrencies and helps one to track their entire crypto portfolio in one place. Besides tracking, the app is designed to provide – detailed crypto & market information, and it also receives Signal updates directly from crypto teams within the app.
An app like Blockfolio, comes in handy to users who have been trading in the crypto domain for quite sometime. This is largely due to the fact that, beginners are most likely to start off with one or two coins. But once you start dealing with more than 2/3 coins, it becomes difficult to keep a track of your coins and earnings. This difficulty is overcome by Blockfolio, which manages all your coins and creates a dashboard that automatically updates the value of your crypto holdings.
In this post we’ll take a look at How to use Blockfolio Cryptocurrency Portfolio Tracker App.
Step 1: Open the Play Store / App Store on your mobile phone & type “Blockfolio” in the search bar ( Or visit the official site HERE )
Step 2: In the search results displayed below, Tap on Blockfolio – Bitcoin and Cryptocurrency Tracker app.
Step 3: Tap on the Install button ( If your mobile prompts with any messages, hit OK ).
Step 4: You will see the app getting downloaded & installed ( will take a few minutes, based on your internet speed ).
Step 5: Once the app is installed, Tap on the Open button.
Understanding the App
The developers at Blockfolio have designed the application in a very classy and professional way. This ensures that the users don’t have a tough time navigating their way through the app. The homepage of the application, shows you the summary of your tokens along with the current market value of all the coins. You can add more tokens to the list by simply clicking on the “+” icon shown at the bottom center of your screen. To add coins to your Blockfolio account, simply select the token that you want to add/buy using the “+” icon and then click on the “Add” option which is shown beside the coin. The bell icon is used to set notifciations or alerts incase the price of the coin gains or drop in the market.
If you already have accounts registered on other exchanges, you can integrate it to Blockfolio and do all your transactions from on place itself. To add an exchange to Blockfolio, follow these simple steps to stay ahead of your game! Presently Blockfolio supports 7 of the top used exchanges across the globe – Binance, Bitfinex, Bittrex, Coinbase, Coinbase Pro, OKEx and Poloniex. If you have an account on any of these exchanges, link it up on Blockfolio and enjoy the benefits.
To add an exchange on Blockfolio, click on the 3 dots option shown at the top right corner of your homepage. Next click on “Exchange Connections“, under “Add New Connection” click on the exchange that you wish to add. Here, I’ll be integrating my Binance acount to the app. [If you have not registered on any of these exchanges, you can go onto the website and sign up for an account.] So click “Binance” and on the next page, enter your API KEY and SECRET KEY. Alternatively you can also scan the QR code to retrieve the information. Once you are done with that, click on “Add Connection”. With this your Exchange connection has been set up.
Signal on Blockfolio
On the list of options that are shown on the application – “Signal” is something that is new to first time users of the Blockfolio application. In simple words it is a communication mechanism for Blockfolio to interact with its users. Signal is a place to gather insight into the projects in ones portfolio. Through this channel you can find out the latest news, updates and exciting announcements from the executive leadership of the tokens you hold. No middle man whatsoever and no waiting for a press release or catching that elusive tweet at the right time. It is a one stop destination to get all the information you need as soon as it becomes available.
Markets on Blockfolio
The Markets option on the application, lets you monitor the current market situation (cap, daily volume, BTC dominance and overall crypto ranking by market cap). Search from over 8,00o coins on the application and track each of its progress. This option enables to track the market rates and carry out the transactions accordingly.
News on Blockfolio
The News tab on Blockfolio, provides you with the latest market news and trends. All the major crypto covering sources are listed on the application. Click on “Sources” on select a customized
Adding your portfolio on Blockfolio
Once you finish setting up your comprehensive watchlist, you can add the particulars of the portfolio. Click on the “Add” button next to the coin of your choice. This will then take you to a screen where you can add the details of that particular transaction. There are a range of options here where you can add specific parameters of your purchase. These include details such as the Exchange, the price, the date of purchase etc. These are all used to calculate your Profit / Loss. Once you have selected the the amount of coins that you have purchased you can then hit “save buy transaction”. This will add the coin to your portfolio and you can repeat this for all the coins in your portfolio.
Monitoring & Updating your Wallet
Once you have added all the coins to your portfolio, you can easily monitor your entire portfolio value in the main screen. You can also dig into the specific profit / loss and markets of a particular coin. If you hit the coin in your watchlist, it will take you to the market. Here, you can see the market charts, set up alerts view your particular profit / loss as well as update your portfolio. You can either add to your position or reduce its size with an asset “sale”. This is just as simple to do and requires you to give the sale parameters of the coins. Blockfolio will update the amount of coins that are in your portfolio post sale and they will also book the profit / loss that you have made on the coin.
Blockfolio makes it possible for crypto hodlers to track their cryptocurrency holdings and know the value of their portfolio at any time.In fact, it is this very functionality that makes the app quite addictive as you may find yourself checking it numerous times throughout the day when cryptocurrency markets are popping. With the ability to track over 8,000 cryptocurrencies and digital assets there’s no other portfolio app that comes close to the what Blockfolio offers.
Hope you have learnt How to use Blockfolio Cryptocurrency Portfolio Tracker App. Do post your views and queries in the comments section below and we will get back to you at the earliest! 🙂