Fireblocks is a custodial wallet used to manage the user vault account for cryptocurrency.
Fireblocks Digital Assets Platform
FireblocksExternal reviews
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A custodial wallet used to manage the user vault account for cryptocurrency
What is our primary use case?
What is most valuable?
With Fireblocks, users don't need to manage all their digital assets separately. We can assign every user a single vault account through which they can manage their digital assets, such as NFTs and cryptocurrencies like Bitcoin. It also provides inbuilt features for anti-money laundering.
What needs improvement?
The tool has some restrictions on its API. When we do a transaction, the account balance doesn't get refreshed, and you need to call a separate API for that. It would be better if the balance gets auto-refreshed once the transaction runs.
For how long have I used the solution?
I have been using Fireblocks for two years.
What do I think about the stability of the solution?
I rate the solution a seven out of ten for stability.
What do I think about the scalability of the solution?
Fireblocks is a scalable solution. You can run as many transactions as you want, but it doesn't have an in-built batch transaction feature that would allow you to run multiple transactions simultaneously.
How are customer service and support?
The solution's documentation and technical support are very good. If you have any difficulty, you can contact the support team, which replies immediately once the ticket is raised.
How was the initial setup?
The solution’s initial setup is easy.
What other advice do I have?
Fireblocks is deployed on AWS cloud in our organization. The solution has been improved by adding new features. I have also seen some features for auto-fueling the vault account to manage guest optimization, which is required for cryptocurrency transactions on the blockchain network.
I used the solution to create the crypto exchange. I used Fireblocks in some of my projects because of its MPC (Multi-Party Computation) functionality, which was required for the project.
Fireblocks is focused on managing digital assets. It also provides different features, like setting up transaction policies for the main trading withdrawals. It also provides a multi-sign feature, requiring multiple signature approval instead of a single signature for any transaction. The solution facilitates the whitelisting of wallet addresses of crypto accounts and provides a built-in feature for anti-money laundering.
I would recommend the solution to other users. Fireblocks should make it easier to handle bulk transactions and improve guest optimization.
Overall, I rate the solution an eight out of ten.
Fireblocks for secure wallet ops
What do you like best about the product?
I like the consolidation and organization of crypto accounts all in one UI with a fully functional REST API.
What do you dislike about the product?
Some of the transaction search bugs. I use this feature a lot.
What problems is the product solving and how is that benefiting you?
Security via MPC signing + wallet operations
Great platform for custody
What do you like best about the product?
The customer service team is great. Always available, always helpful and they answer very fast.
What do you dislike about the product?
Loading time for the console is long. It takes time to start what you want to do.
What problems is the product solving and how is that benefiting you?
Fireblocks helps us custody assets and safely sign on chain transactions. It is part of our stack
Innovation at its peak
What do you like best about the product?
Security, and trust built with the brand
What do you dislike about the product?
Few needs takes time to get addressed. TON ranked #14 on coinmarketcap, still on fireblocks roadmap
What problems is the product solving and how is that benefiting you?
Orchestrating crypto, layered with required security helps us do corporate finance efficiently
High quality product
What do you like best about the product?
Very helpful group account management staff to help and accommodate
What do you dislike about the product?
Not really having any issues with fireblocks
What problems is the product solving and how is that benefiting you?
Helping with processing from pool to client wallets
Great feature innovation
What do you like best about the product?
Fireblocks goes above and beyond to earn the trust of customers. Service is responsive and the team is constantly thinking about new features to future proof its solutions.
What do you dislike about the product?
Nothing! They've been a strong partner, and strong service.
What problems is the product solving and how is that benefiting you?
Fireblocks provides a great custody solution.
Robust platform
What do you like best about the product?
Fireblocks are exceptional at digital assets security. The feedback we get internally and from our integration partners are exceptional as is the support.
What do you dislike about the product?
Its difficult to highlight any specific faults.
What problems is the product solving and how is that benefiting you?
Helping us secure our customers tokens through WAAS
Wallet Infrastructure for institutionals
What do you like best about the product?
The possibility to structure the setup depending on our internal needs and policies
What do you dislike about the product?
Missing feature to group whitelistings (before the TAP)
What problems is the product solving and how is that benefiting you?
Providing an wallets infrastructure meeting the requirements for a regulated custodial setup.
A well furnished platform which join custodial with payment and web3 services
What do you like best about the product?
supporting our business promoting the partnership
What do you dislike about the product?
The cost of services are expensive, should be more scalable.
What problems is the product solving and how is that benefiting you?
Managing the wallet and staking services
Easy of use and secure
What do you like best about the product?
Fireblocks is simple to use and secure with a lot of flexibility to allow you to configure and manage how transactions are signed and approved.
What do you dislike about the product?
Configuring individual workspaces is very time consuming, would love the ability to copy TAP across different workspaces.
What problems is the product solving and how is that benefiting you?
It is allowing us to send and receive transfers woth our institutiononal partners more easily and securely.
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