Fireblocks Review – Managing Digital Assets With This Platform
Fireblocks is a crypto platform that provides a set of applications to manage digital asset operations and a development platform to build businesses on the blockchain. With a focus on ease of use and security, Fireblocks has made USD 4 trillion transactions and created over 170 million wallets.
What sets Fireblocks apart is its commitment to security, offering a defense-in-depth architecture that combines MPC-CMP and hardware security. The platform is also known for its performance, reliable infrastructure, and zero counterparty risk, allowing users to remain in full control of their private keys.
The platform seems to provide a basic foundation for businesses that prioritize security, compliance, and operational efficiency. Let’s analyze these options and put them to the test. Stick with us as we delve deeper into its features.
| Company type | Crypto Wallet |
| Legal name | Fireblocks |
| Regulation | Not expected |
| Registered in | USA |
| Established | 2022 |
| Website | https://www.fireblocks.com/ |
| Financial Authorities Warnings | No official warnings |
| Contacts | Marketing and Pr – [email protected]
Report – [email protected] |
| If withdrawal is possible | Yes |
| Fees | Fees vary |
| If Active on Social Media: | twitter.com
facebook.com |
| Investor Protection: | Multi-party computation (MPC) technology, and hardware security modules (HSMs) |
| Activity areas | United States, United Kingdom, Israel, Singapore |
| Main threats | Hacking attempts, and unauthorized access to funds |
| Main perks | Ease of use, and ability to connect to multiple exchanges and liquidity providers |
How Does It Work?
With Fireblocks, users can easily withdraw and deposit funds 24/7 using a secure MPC-based wallet. The platform can instantly connect users to major trading venues, liquidity providers, lending desks, and counterparties.
Transferring over 400 supported tokens and connecting to over 30 exchanges is also available, making it simple to rebalance directly between exchanges or sub and trading accounts. Additionally, users can see account-level vault balances and asset views and deploy DeFi trading, lending, and staking strategies directly from the console.
User Feedback
In terms of Fireblocks reviews, the G2 platform highlights several pros and cons. The pros include commendations for customer support, security, innovative solutions, ease of use, and the user interface. Users appreciate Fireblocks for its exceptional security framework and operational efficiency, particularly its multi-layered security approach and MPC-CMP algorithms.
On the other hand, the cons include concerns about high costs, missing features, complexity, and limited support for cryptocurrencies. Some users find the pricing structure of Fireblocks challenging, especially for growing companies. Watch out for companies with no user feedback, such as AlgoTradingBots Review.
Yet, another problem was uncovered, and that is reviews are all lined, day by day through December 2023. This sparks questions about their reliability and authenticity. Having multiple reviews posted on the same day suggests that they might not be genuine and could potentially be fake.
This is not an ideal situation to be in, as it undermines the credibility of the user feedback. We found evaluations on sites such as www.peerspot.com and www.capterra.com, yet again, they lack reviews from actual users and clients. Fireblocks should work on encouraging honest and diverse user feedback, from multiple sources, to provide a more accurate representation of its performance and user satisfaction levels.
Web3 Fireblocks
Fireblocks web3 offers an end-to-end solution for businesses looking to build, secure, and manage Web3 applications, games, and experiences. It provides treasury management tools to control and gain visibility into Web3 treasuries and internal wallets.
One of the key features of Fireblocks Web3 is its secure contract management, allowing users to manage smart contract development and operations. Additionally, the platform allows for easy off-ramping of crypto, enabling users to convert crypto to fiat or stablecoins across 30+ connected exchanges.
Packages
Fireblocks crypto wallet offers a range of packages tailored to meet the needs of various businesses in the digital asset market.
| Treasury Management | Non-Custodial WaaS | Direct Custody WaaS |
| 3 workspace users | 3 workspace users | 3 workspace users |
| 5/60+ supported blockchains | 5/25+ supported blockchains | 5/60+ supported blockchains |
| USD 300,000 outgoing monthly volume | 7,500 non-custodial wallets | 7,500 direct custody wallets |
Treasury Management
This package is designed for startups and companies that are new in the market and want to manage their treasury easily. The package includes options where users can easily manage day-to-day digital asset treasury operations, They can protect their digital assets against insider threats and trade crypto to 30+ exchanges.
Non-Custodial WaaS
The Fireblocks non-custodial wallet is for businesses that want to embed MPC wallets. It provides customers full control of their keys in secure MPC wallets and embeds wallets into the mobile or Fireblocks web3 app.
Direct Custody WaaS
The package is for users who want to securely have custody of digital assets. Users can also create and manage MPC wallets with a single API and set governance and policy rules to secure Fireblocks wallet operations.
Pricing
Unlike most crypto wallets, Fireblocks does not provide a free version or a free trial. This lack of a trial period may present a challenge for potential clients who prefer to test the platform before committing. Additionally, user reviews often mention that the packages offered by Fireblocks are on the pricey side, which could be a deterrent for some customers. The Fireblocks pricing range offers multiple options.
Treasury Management and Non-Custodial WaaS
One Month: USD 500
Billed Annually: USD 4,500 – USD 375/month
Direct Custody WaaS
One Month: USD 550
Billed Annually: USD 5,000 – USD 417/month
Despite these limitations, Fireblocks does offer flexibility in its packages. Users can alter every option within the packages offered to better suit their needs. For enterprises requiring bespoke implementations and dedicated support, Fireblocks allows for custom-made packages.
By contacting the platform directly, businesses can discuss their specific requirements and create a tailored package that meets their exact needs. For individuals looking for a legitimate AI trading tool, check out our OctoBot Review.
Fireblocks Security – Are Users In Safe Hands?
Looking into the Fireblocks support and security measures, we found that the platform states that users should feel confident about the safety of their assets. Fireblocks ensure that users are the 100% owners and controllers of their assets.
In the event of any unforeseen circumstances, Fireblocks provides recovery options to help users regain access to their keys and recover from service disruptions. It also boasts several security certifications, including being the first company to achieve CCSS Level 3 certification.
Final Take On Fireblocks
In conclusion, Fireblocks stands out with its security features, commitment to user control, and innovative solutions. Making it a compelling choice for businesses in the digital asset market.
While some concerns about pricing and user feedback exist, Fireblocks continues to evolve to meet the diverse needs of its users. As always, we advise potential clients to get valid data from reliable sources, so that their finances are not at stake.
FAQ
What is Fireblocks?
It's a platform that allows users to manage digital asset operations and a development platform for building businesses on the blockchain.
Why is Fireblocks Good?
It’s considered good for several reasons. It offers a high level of security, additionally, it has a strong performance record, demonstrating reliability and resilience in scaling operations. The platform also provides zero counterparty risk, the only drawback is the lack of user feedback.
What is the Rating of Fireblocks?
The ratings vary, and we advise the platform to work on getting more client reviews since it lacks sources. What we found, it generally receives positive feedback, however, some users have raised concerns about the high costs.
