Blockfolio

1. Blockfolio: Your First Crypto Portfolio Tracker

This guide will walk you through using Blockfolio, now known as FTX (though many still refer to it as Blockfolio), to track your cryptocurrency investments. It's a fantastic tool for beginners, helping you stay organized and informed. Don't worry if you're brand new to this – we'll explain everything step-by-step.

What is Blockfolio/FTX?

Blockfolio, acquired by FTX (now bankrupt, but the app continues to function as FTX), is a mobile app that acts as a portfolio tracker. Think of it like a digital notebook where you record all your crypto buys and sells. It automatically pulls in price data, so you can see how your investments are performing in real-time. It’s available for both iOS and Android devices. It's important to understand that Blockfolio *does not* hold your cryptocurrency; it simply tracks it. You still need a cryptocurrency exchange like Register now or Start trading to buy and sell crypto.

Why Use Blockfolio?

• **Organization:** Keeps all your crypto transactions in one place. No more spreadsheets or scattered notes!
• **Real-Time Tracking:** See the current value of your holdings, even when markets are volatile.
• **Price Alerts:** Set alerts to be notified when a crypto reaches a specific price. This is useful for day trading or setting profit targets.
• **News Integration:** Receive news and updates about the cryptocurrencies you hold.
• **Simple Interface:** Easy to use, even for beginners.
• **Free:** The core features are completely free to use.

Getting Started with Blockfolio

1. **Download & Install:** Download the Blockfolio app from the Apple App Store or Google Play Store. 2. **Create an Account:** Open the app and create an account using your email address. You'll need to verify your email. 3. **Add Your First Transaction:** This is where you tell Blockfolio what you own. Tap the "+" button and select "Add Transaction". You will need to enter:

   *   **Coin:** The cryptocurrency you bought (e.g., Bitcoin, Ethereum, Litecoin).
   *   **Quantity:** How much of the coin you bought.
   *   **Price:** The price you paid per coin.
   *   **Fees:** Any fees you paid to the exchange.
   *   **Date:** The date of the transaction.
   *   **Exchange:** Where you bought the coin (e.g., Binance, Coinbase, Kraken).

4. **Repeat:** Repeat step 3 for every crypto transaction you make.

Understanding the Blockfolio Interface

The main screen shows your total portfolio value, broken down by cryptocurrency. You'll see:

• **Portfolio:** Your overall value of all crypto holdings.
• **Balance:** The amount of each cryptocurrency you hold.
• **Allocation:** The percentage of your portfolio each cryptocurrency represents.
• **Transactions:** A list of all your recorded transactions.
• **News:** Crypto-related news articles.

Blockfolio vs. Other Portfolio Trackers

Here’s a quick comparison of Blockfolio with some other popular options:

Portfolio Tracker	Ease of Use	Features	Cost
Blockfolio/FTX	Very Easy	Portfolio Tracking, Price Alerts, News	Free
CoinGecko	Easy	Portfolio Tracking, Price Charts, Market Data	Free
CoinMarketCap	Moderate	Portfolio Tracking, Price Charts, Market Data, Detailed Info	Free

Setting Up Price Alerts

Price alerts are incredibly useful. Here's how to set them up:

1. **Select a Coin:** Tap on the cryptocurrency you want to track. 2. **Alerts Tab:** Navigate to the "Alerts" tab. 3. **Create Alert:** Tap the "+" button. 4. **Set Price:** Enter the price you want to be alerted at. 5. **Choose Type:** Select whether you want to be alerted when the price *goes above* or *goes below* your set price.

Practical Trading Strategies & Analysis with Blockfolio

While Blockfolio doesn’t *execute* trades, it can support your trading.

• **Cost Averaging:** Track your purchases over time to see if you're consistently buying at different prices. Useful for dollar-cost averaging.
• **Profit/Loss Tracking:** Easily see your gains and losses on each coin.
• **Portfolio Rebalancing:** Identify if your portfolio is overly concentrated in one cryptocurrency and consider rebalancing. Learn about portfolio diversification.
• **Monitoring Trading Volume:** While Blockfolio doesn’t directly show trading volume, it links to exchanges (Join BingX or Open account) where you can analyze volume to understand market interest. Higher volume often means more liquidity.
• **Technical Analysis**: Blockfolio can be used in conjunction with other charting tools to monitor price movements and identify potential trading opportunities. Learn about moving averages and support and resistance levels.

Advanced Features

• **Connecting Exchanges:** Some exchanges can be directly linked to Blockfolio for automatic transaction importing. (BitMEX offers API access to connect to Blockfolio).
• **Multiple Portfolios:** Create separate portfolios for different trading strategies or accounts.
• **Transaction Editing:** Correct any errors in your transaction history.
• **API Access:** For advanced users, Blockfolio offers API access for custom integrations.

Common Mistakes to Avoid

• **Incorrect Transaction Details:** Double-check all details before adding a transaction. Incorrect prices or quantities will skew your portfolio value.
• **Forgetting Fees:** Include all transaction fees for accurate profit/loss calculations.
• **Not Updating Regularly:** Keep your transaction history up-to-date for accurate tracking.
• **Confusing Blockfolio with an Exchange:** Remember, Blockfolio does *not* hold your crypto.

Resources for Further Learning

• Cryptocurrency - A general overview of digital currencies.
• Bitcoin - The first and most well-known cryptocurrency.
• Ethereum - A platform for decentralized applications.
• Cryptocurrency Exchange - Where you buy and sell cryptocurrencies.
• Wallet - Where you store your cryptocurrencies.
• Trading Volume - An important metric for assessing market activity.
• Technical Analysis - Methods for analyzing price charts to predict future movements.
• Fundamental Analysis - Evaluating the underlying value of a cryptocurrency.
• Risk Management - Strategies for protecting your investments.
• Decentralized Finance (DeFi) - Exploring the world of decentralized financial applications.

Recommended Crypto Exchanges

Exchange	Features	Sign Up
Binance	Largest exchange, 500+ coins	Sign Up - Register Now - CashBack 10% SPOT and Futures
BingX Futures	Copy trading	Join BingX - A lot of bonuses for registration on this exchange

Start Trading Now

• Register on Binance (Recommended for beginners)
• Try Bybit (For futures trading)

Learn More

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⚠️ *Disclaimer: Cryptocurrency trading involves risk. Only invest what you can afford to lose.* ⚠️