Fireblocks (Wallet)

What is Fireblocks' Wallet?        

Allows you to create and embed secure MPC wallets into your iOS, Android, or Web application using Fireblocks Non-Custodial Wallets, designed to secure your customers’ assets and provide them with full control of their wallet.

Fireblocks' Wallet is an enterprise-grade solution that enables businesses to create and integrate secure Multi-Party Computation (MPC) wallets into their iOS, Android, or web applications. This non-custodial wallet infrastructure is designed to safeguard digital assets while granting users full control over their private keys.

Is Fireblocks Wallet Right for You?

Fireblocks Wallet is specifically designed for businesses and institutions seeking a secure and scalable solution for managing digital assets. Its enterprise-grade features, such as Multi-Party Computation (MPC) security, seamless integration capabilities, and support for multiple blockchains, make it an ideal choice for organizations handling substantial cryptocurrency portfolios.

If you're an individual investor or a small-scale user, Fireblocks Wallet may offer more advanced functionalities than necessary for personal use. In such cases, exploring other wallet options tailored to individual needs might be more appropriate.

Key Features of Fireblocks' Wallet

• Multi-Party Computation (MPC) Security: Utilizes MPC cryptography to eliminate single points of failure by distributing private key shares across multiple parties, enhancing security against potential breaches.
• Non-Custodial Control: Empowers users with complete ownership of their wallets and private keys, ensuring that neither Fireblocks nor the integrating business has access to the users' funds.
• Seamless Integration: Provides Software Development Kits (SDKs) and Application Programming Interfaces (APIs) that facilitate the embedding of wallets into existing applications, offering a unified user experience.
• Support for Multiple Blockchains: Compatible with over 40 blockchains, including both Ethereum Virtual Machine (EVM) and non-EVM chains, allowing users to interact with a diverse range of digital assets.
• Advanced Security Measures: Incorporates features such as seedless backup, social recovery, and key export options to enhance user security and convenience.

Tracking Fireblocks' Portfolio for Accounting Calculations with Cryptoworth

For users utilizing Fireblocks' Wallet, integrating with Cryptoworth can enhance portfolio tracking and streamline accounting processes. Cryptoworth is a comprehensive crypto accounting platform that offers:

• Portfolio Tracking: Connect multiple wallets and exchanges to monitor your digital assets in real-time. Cryptoworth supports over 1,000 data connections, including 190+ blockchain networks, ensuring comprehensive coverage of your holdings.
• Automated Accounting Calculations: Simplify your accounting processes with automated cost basis calculations, including methods like FIFO, LIFO, and Weighted Average Cost. This ensures accurate financial reporting and tax compliance.
• Comprehensive Reporting: Generate detailed financial reports, including unrealized gains and losses, to gain insights into your portfolio's performance. Cryptoworth's reporting tools help in making informed investment decisions.
• Integration with Accounting Systems: Seamlessly integrate with popular accounting software like QuickBooks, allowing for efficient synchronization of your crypto transactions with your general ledger.

Getting Started with Cryptoworth:

1. Sign Up: Create an account on Cryptoworth's platform.
2. Connect Your Wallets and Exchanges: Utilize Cryptoworth's extensive integration library to link your existing wallets and exchange accounts.
3. Import Your Data: Automatically import your transaction history for accurate tracking and reporting.
4. Run Calculations: Use Cryptoworth's tools to perform accounting calculations and generate reports as needed.

By integrating Fireblocks' Wallet with Cryptoworth, users can effectively manage and track their cryptocurrency portfolios, ensuring accurate accounting and compliance with financial regulations