Fireblocks Reviews

Name: Fireblocks
Brand: Fireblocks
Rating: 4.3 (4 reviews)

4.3 out of 5

4 reviews
100% willing to recommend

What is Fireblocks?

Fireblocks is an enterprise technology solution designed to facilitate the safe storage, transfer, and issuance of digital assets across applications and sectors, including finance, banking, and cryptocurrency operations. Its platform is a critical infrastructure for the digital asset space, offering institutions a secure and efficient way to manage their blockchain-related operations.

Fireblocks is the #1 ranked solution in top Digital Asset Security Platforms. PeerSpot users give Fireblocks an average rating of 8.6 out of 10. Fireblocks is most commonly compared to Gemini Custody: Fireblocks vs Gemini Custody. Fireblocks is popular among the large enterprise segment, accounting for 65% of users researching this solution on PeerSpot. The top industry researching this solution are professionals from a financial services firm, accounting for 21% of all views.

Featured reviews

Esmat Nawahda

Chief Technology Officer at FreeBnk

Security is the most important factor. Fireblocks are not inexpensive, but the cost is justified by the security it provides. The second key aspect is stability. Fireblocks handles the infrastructure for wallet management and transactions, which allows us to focus on preparing the necessary hooks and integrations on our end. This setup ensures we can connect and work effectively with Fireblocks while relying on their robust service and infrastructure. We explored other options previously, primarily due to cost concerns. We found some lower-cost alternatives, but we already have experience with Fireblocks, and they effectively handle our fund management needs. Fireblocks addresses all the issues we had before, and we are satisfied with their service.

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Maiko Gabriel Kinzel Engelke

Full Stack Developer at Rainbet

We were using PHP, and the solution didn't have much support for it. For example, I needed to check the signature to ensure that it was safe and it was from them. I wasn't sure which key I was supposed to use, and there was no code. I had to guess how to make a code and use a key. If it didn't work, I don't know if the problem was with the code or the key. I found another person in their forums who also was using PHP. He seemed to have a PHP code, and I got that. I assumed that the code should be working and tried it with the right key. I found it, and it worked.

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Nitesh Ghuge

Senior Software Engineer - Blockchain at Confidential

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.

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Fireblocks mindshare

As of November 2024, the mindshare of Fireblocks in the Digital Asset Security Platforms category stands at 44.0%, up from 41.6% compared to the previous year, according to calculations based on PeerSpot user engagement data.

Digital Asset Security Platforms

Key learnings from peers

Last updated Sep 16, 2024

Valuable Features

"The feature we like the most is the console part since it uses confidential computing."
"Fireblocks manages everything related to blockchain transactions. We don’t need to handle the provider or the security of the wallet ourselves. The most important factors are the security and stability of their service."
"Fireblocks is a complete tool for crypto, which was helpful for us."

Room for Improvement

"Here, the bank uses Red Hat, and there's a lack of flexibility to adapt Fireblocks to various customer technologies."
"We need better visibility into blockchain activities, especially when issues occur. For example, having detailed logs for transactions on the Fireblocks chain would be helpful."
"We were using PHP, and the solution didn't have much support for it."

Pricing

"Currently, we have a budget of up to $10,000 for a yearly contract."

These insights are based on the in-depth reviews provided by peers to help you make a better buying decision.

Top industries

By visitors reading reviews

Financial Services Firm

21%

Computer Software Company

12%

University

Manufacturing Company

Healthcare Company

Educational Organization

Media Company

Energy/Utilities Company

Legal Firm

Retailer

Government

Comms Service Provider

Transportation Company

Construction Company

Real Estate/Law Firm

Logistics Company

Recreational Facilities/Services Company

Outsourcing Company

Wholesaler/Distributor

Leisure / Travel Company

Consumer Goods Company

Non Profit

Insurance Company

Hospitality Company

Marketing Services Firm

Performing Arts

Compare Fireblocks with alternative products

Learn more about Fireblocks

Fireblocks' platform is built with several core technologies that ensure the highest level of security and operational efficiency in handling digital assets. At its heart is the MPC-CMP algorithm, providing an advanced cryptographic framework for key management and transaction signing, significantly reducing the attack surface compared to traditional private key management systems. Additionally, the platform features a secure enclave and a policy engine for automating governance and compliance processes, making it easier to enforce security protocols and regulatory standards.

What are the key features of Fireblocks?

Robust Security Framework enables the utilization of multi-party computation (MPC) technology to secure transactions and a patented Secure Transfer Environment to protect assets in transit.
Automated workflows and a comprehensive API suite facilitate seamless integration with existing IT infrastructure, enhancing productivity and reducing the need for manual intervention.
Fireblocks is designed to support a broad spectrum of digital assets and connect with over 25 exchanges and liquidity venues, ensuring flexibility and future-proofing investments in the platform.

Key benefits for business executives include risk management, market accessibility, and competitive advantage.

In summary, Fireblocks provides a robust foundation for businesses looking to engage with the digital asset ecosystem securely and efficiently. Its focus on security, compliance, and operational efficiency makes it an essential tool for enterprises navigating the complexities of the digital asset landscape.

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Fireblocks customers

Tel Aviv Stock Exchange, National Australia Bank, BNP Paribas, BNY Mellon, Revolut, Kriptomat, Independent Reserve, Bit2Me, Genesis Capital, Galaxy Digital, QCP Captial, BlockFills, Woorton, Worldpay