In an era of active development of the currency market, both physical and digital, many are thinking about the opportunity to invest the available funds. Cryptocurrency is one of such ways of investing money “for the future”. At the same time, it is important not only to acquire the first available cryptocurrency but to track its most profitable value and get acquainted with the prospects for the future. If you can easily get acquainted with the use of Internet resources with financial forecasts for the development of a particular project, monitoring of the courses requires an organized client, which can provide up-to-date information at the time of the request – such as the Blockfolio digital client. This overview of the Blockfolio application will allow you to understand an idea of the client, its capabilities, and merits.
Blockfolio basic information
The Blockfolio application is a service that provides you with information about currency rate changes at any time. Blockfolio analyzes the statistics of hundreds of active online exchanges and provides you with the data of the current exchange rate for any chosen currency. In order to find out the actual exchange rate, you just need to add them to the list – now you can track fluctuations in rates, receive notifications from the system, and earn money by investing in promising crypto coins.
Downloading and installing the Blockfolio application
Since Blockfolio is a mobile application, we can say that it works on iOS and Android platforms. You can install it from the official site of Blockfolio http://blockfolio.com, which contains all information for users, and a resource for downloading.
An alternative, but no less reliable, source for the installation and creation of the Blockfolio Cabinet could be found in PlayMarket, AppStore, and iTunes.
A step-by-step instruction on downloading looks like this:
- Select the source you need to download the Blockfolio and click the download button;
- Wait for the system to notify you when the files have been downloaded;
- When the download is complete, confirm the launch of the application.
After you managed to install the Blockfolio application, you need to go into it and undergo a simple and quick registration procedure that will allow you to freely manage your funds with a high level of security.
To register a Blockfolio account, click on the “Register” button, fill in the required fields with the data and confirm the registration by clicking on the link received at the specified email address. Now you have a personal office, through which you can monitor the current cryptocurrency rates and make profitable investments of funds.
Working with the Blockfolio application
The Blockfolio application for cryptocurrency managing is a fairly convenient digital client, with the features of working that we will introduce to you with the example of any crypto-socket.
So, after registration you can already use the client’s functionality – for this you need to enter information about the presence of Voices and Gold in the client, which will allow you to find out the real price of all your digital assets at any time.
Remove all unnecessary cryptocurrencies except those with which you will work. The user can do it very simply: you press the cursor with the desired line with the currency and delete it by pressing the button located in the upper right corner, confirming the procedure for deleting.
Now you need to click “Add coin”, which will give you a list of all available coins.
Enter the name of the desired crypto-token in the search field and press “Select stock exchange” to select the desired digital stock exchange.
Now you need to fill in the quantity and note fields. Now Voice and Gold are added. Clicking on the tab of each coin you will see from the top down:
- Evaluation of the coin in US dollars;
- Chart of fluctuations of this currency on the chosen stock exchange;
- Statistics for the last 24 hours with the minimum and maximum value of the currency;
- The actual value of the coin for trading;
- Volumes of exchange trades and fluctuations in value;
- Capital information, including fluctuations in value over the past 24 hours.
If you don’t want to know the exchange rate in US dollars but in bitcoins or another equivalent, then click on the dollar value from the top left, and the system converts all the information into the Bitcoin equivalent. At the same time, you can choose the period you need to create a graph of the course fluctuations and study statistics – for this purpose the “12H” button is aimed.
The next tab in the application manages transactions information – both done and upcoming with already formed order. Here you can view the number of funds in quantitative and monetary equivalent.
The fourth tab of the Blockfolio application contains information about the purchases and sales. The system provides you with statistics of the coins price, the name of the exchange on which the operation was performed, and the digital transactions date.
Any transaction can be easily deleted by clicking the appropriate button.
Swipe across the screen with your finger in the direction from top to bottom on the client’s main page – the system will provide you with the up-to-date information about the current value of your cryptocurrency portfolio.
By clicking on the dollar ost icon, you can get the equivalent of your funds in Bitcoins. To convert your assets into another currency, for example, rubles, you need to go to the settings and select the desired currency in the list.
To switch to the schedule mode, click on the icon on the application main screen.
Here you select the period required for data analysis.
Conclusions about the Blockfolio application
The Blockfolio application is included in the list of the most popular and rational clients for use when working with cryptocurrency. Wide functionality with the ability to determine the value of existing assets at any time, tracking fluctuations in the exchange rate and support for many crypto coins make Blockfolio a popular application for both experienced users and beginners. We recommend Blockfolio for currency exchange rate monitoring – the client’s capabilities are sufficient to meet the requirements of even very advanced users.