BloFin Review for 2025: Trading Tools, Fees, and Security

BloFin Buy

Buying crypto on BloFin is simple and accessible, allowing users to purchase some of the most prominent cryptocurrencies using various payment methods, including credit cards, bank transfers, and third-party services. The platform supports a range of fiat currencies, making it convenient for global users to convert their money into crypto. BloFin partners with trusted payment providers like Simplex and Alchemy Pay to ensure smooth and secure transactions.

BloFin Trading

The BloFin trading features provide real-time charts, advanced technical indicators, and a variety of order types to help traders make informed decisions. The platform offers a versatile and efficient environment supporting USDT-margined perpetual contracts across more than 100 trading pairs. 

On the other hand, futures trading allows users to amplify their positions with leverage, offering the potential for higher returns—but also greater risk. Traders can choose between Hedge Mode, which enables holding both long and short positions on the same contract, and One-Way Mode, which limits them to a single position per contract. Unlike other sought-after leverage trading platforms, leverage goes up to 150x on select pairs, though most have lower limits, with some capped at 25x. While BloFin provides powerful futures trading tools, it does not support spot margin trading, making it essential for traders to manage their risk carefully.

BloFin Trading Bot

BloFin’s bot trading feature is still evolving, with only a signal bot available for now. While more functionalities are expected, it currently lacks popular options like grid and DCA bots. Expanding bot trading to spot markets, not just futures, would also be a valuable addition.

BloFin Copy Trading

In addition to futures trading, BloFin offers a simple copy trading feature that allows users to replicate experienced investors’ trades automatically. While doing our BloFin review, we saw how the platform makes the process very easy—simply choose an investment amount, and your account will mirror every trade in real time. With no manual input needed, users can learn, trade, and potentially profit while taking advantage of BloFin’s educational resources.

BloFin Demo Trading

The BloFin exchange goes beyond copy trading by offering a demo trading mode for users who prefer to learn through experience. This risk-free feature allows traders to practice spot, futures, and API trading with virtual assets, using a default balance of 50,000 “fake” USDT. If you run out of virtual funds, you can easily reset the balance. To avoid confusion, BloFin clearly labels demo trades with “Demo Buy” and “Demo Sell” buttons and highlights the demo environment with an orange indicator at the top.

BloFin Earn

BloFin Earn lets users generate yield through flexible and fixed staking options, currently supporting USDT, BTC, and ETH. Yields start accruing the next day, with daily snapshots ensuring accurate earnings tracking. Flexible products allow instant redemption without penalties, making them ideal for liquidity needs, while fixed products require a lock-up period but offer higher returns. Even though the most popular staking coins are available, as BloFin expands, more tokens will become accessible, giving users even more opportunities to earn passive income.

BloFin Rewards Hub

BloFin’s Rewards Hub gives users the opportunity to earn rewards through various tasks and activities on the platform. By completing simple tasks, such as referring friends, participating in promotions, or trading specific pairs, users can accumulate points that can be redeemed for bonuses or other rewards. This feature enhances the trading experience, allowing users to boost their earnings while engaging with the platform.

BloFin Activity Centre

BloFin’s Activity Centre offers a range of exciting promotions and events to engage users and reward their trading activity. From deposit bonuses to trading competitions, the platform regularly hosts campaigns that allow users to earn rewards, including crypto and other incentives.

Blofin’s Affiliate Program

With BloFin’s affiliate program, users can earn up to 50% in commissions from the trading fees generated by their referrals. With no earnings cap, affiliates can benefit from unlimited income potential. Just like other highly-rated affiliate programs, Blofin’s program includes user-friendly tracking tools, allowing affiliates to monitor referrals and commissions in real-time. 

Blofin Referrals

BloFin’s referral program rewards users with up to 40% commission on their invitees’ trading fees. The more people you refer, the higher your earnings, and you can even share a portion of your commission with them.

Blofin’s Academy

BloFin Academy is a learning hub that provides traders with in-depth guides, market insights, and trading strategies. Covering everything from beginner basics to advanced techniques, it helps users sharpen their skills and make more informed trading decisions.

Supported Currencies and Payment Methods

BloFin supports over 400 cryptocurrencies, including major cryptos like BTC and ETH, as well as popular altcoins and the latest memecoins like WIF, PEPE, and TURBO. While it doesn’t offer direct fiat deposits, users can buy crypto with over 90 fiat currencies through third-party payment providers. It’s token selection competes with major exchanges like Binance (427 tokens), Coinbase (262), and Bybit (676). BloFin is also a strong contender in the derivatives market, offering 352 markets compared to Binance’s 388. However, its liquidity score of 422 falls short of Binance and Kraken, which may impact large trade executions.

Since BloFin lacks direct fiat on-ramps, users must purchase crypto through third-party providers that accept credit/debit cards and Apple/Google Pay—often with higher fees than exchanges offering bank transfers. The platform also does not support fiat withdrawals, requiring users to transfer funds elsewhere to cash out. Third-party fees vary, but in one test transaction, a $100 purchase resulted in an exchange rate of 1.02 USD/USDT, similar to what’s offered by other exchanges.

BloFin Fees and Commissions

For this BloFin review, we’ve broken down the platform’s fee structure for spot and futures trading. Understanding these fees is crucial for effective trading and cost management.

General Trading Fees:

Maker orders are limit orders added to the order book, while taker orders are executed immediately against existing orders.

VIP Fee Tiers:

BloFin offers a VIP program where users can enjoy reduced fees based on their 30-day trading volume or total assets. The tiers and corresponding fee rates are as follows:

Users qualify for the highest applicable VIP level based on their trading volume or asset holdings.

For more detailed information, you can visit BloFin’s official fee schedule.

BloFin Trading Fee Calculation

BloFin charges trading fees based on whether you place a market order (taker) or a limit order (maker). The fee is calculated using the formula:

🔹 Commission Fee = Notional Value × Fee Rate

🔹 Notional Value = Trade Size (Coins) × Trade Price

Example Calculation:

• Trader A places a market order to buy 1 BTC/USDT contract.
• Trader B places a limit order to sell 1 BTC/USDT contract.
• If the trade executes at 40,000 USDT, the fees are:

📌 Trader A (Taker Fee @ 0.06%) → 1 × 40,000 × 0.06% = 24 USDT

📌 Trader B (Maker Fee @ 0.02%) → 1 × 40,000 × 0.02% = 8 USDT

Taker fees apply to orders that remove liquidity, while maker fees reward users for adding liquidity to the order book.

BloFin Security

Security is a top priority at BloFin given how crypto scams have taken over $5.6 billion from Americans alone. It prioritizes security with a robust set of protective measures, making it one of the few exchanges to offer third-party insurance on customer assets. Since its launch in 2019, it has never experienced a hack, reinforcing its reliability. 

The platform conducts bi-monthly security audits, provides full Proof of Reserves (PoR) to ensure transparency, and employs two-factor authentication (2FA), biometric authentication, and cold storage for asset protection. It also partners with Nansen, a blockchain analytics firm, to verify that the company has fully refunded all user assets. BloFin is one of the most notable no-KYC exchanges, allowing users to trade without verification. Still, if you need to withdraw more than 20,000 USDT, you must complete the verification process by providing personal details and proof of address.

However, BloFin lacks major regulatory licenses compared to competitors like Binance, which holds approvals in the EU, Japan, and Australia. The exchange has made progress in compliance by securing a USA federal MSB license through FINCEN and a CIMA-compliant fund license. 

Welcome Offer and Sign-up Bonus

BloFin rewards new users with sign-up bonuses of up to 5,000 USDT, but unlocking the full amount requires a minimum deposit of 100,000 USDT and a futures trading volume of 10,000,000 USDT within the first 15 days.