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

By Dalmas Ngetich

Last Updated: Mar 13, 2025

Co-author

By Shraddha

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Disclaimer

Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
99Bitcoins may receive advertising commissions for visits to a suggested operator through our affiliate links, at no added cost to you. All our recommendations follow a thorough review process.

BloFin is a crypto exchange designed for traders who seek deep liquidity, advanced trading features, and top-tier security. It offers spot, futures, and copy trading, making it suitable for both hands-on traders and those who prefer automated strategies. 

Security is a core focus, with Fireblocks ensuring secure asset custody and Chainalysis providing real-time monitoring to detect suspicious activity. BloFin aims to provide a smooth trading experience, with a user-friendly interface and a commitment to transparency. So, if you’re considering this platform, this BloFin review will explore its key features, security measures, and what sets it apart in the competitive crypto market.

Our Blofin Review: Key Takeaways

  • BloFin offers a variety of trading services, including spot trading, futures contracts, copy trading, and earning programs;
  • The platform emphasizes security by partnering with Fireblocks for asset custody and Chainalysis for real-time monitoring, ensuring user funds are protected;
  • It provides an easy-to-use platform, making it accessible for traders at all levels;
  • BloFin’s copy trading platform is well-designed, with a relatively new bot trading feature that is still in development;
  • As a relatively new exchange, BloFin has received moderate reviews from independent ranking websites, indicating room for growth and improvement.
Visit BloFin

BloFin Overview

blofin exchange logo

BloFin was founded in 2019 by Tao Hu, known as “Matt” on the platform’s website. Matt has a rich background in venture capital, having worked with firms in the U.S. and managing investments for major companies like Twitch and Unity. The platform prioritizes security, leveraging Merkle Tree verification, Wallet-as-a-Service custody, and partnerships with Fireblocks and Fenbushi to protect user assets.

However, BloFin lacks transparency about its leadership team, with no verified LinkedIn profiles or clear details about co-founders like Jack Yang. This opacity may raise concerns for users seeking trust in an exchange, especially compared to more transparent and well-known crypto exchange competitors. Despite this, BloFin remains focused on providing a secure and reliable platform for managing crypto investments.


BloFin Services and Products

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 exchange review - 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:

Trading Type Maker Fee Taker Fee
Spot Trading 0.10% 0.10%
Futures Trading 0.02% 0.06%

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:

VIP Level 30-Day Futures Volume (USDT) 30-Day Spot Volume (USDT) Total Assets (USDT) Futures Maker Fee Futures Taker Fee
VIP 1 ≥ 10,000,000 ≥ 1,000,000 ≥ 50,000 0.01% 0.05%
VIP 2 ≥ 25,000,000 ≥ 2,000,000 ≥ 500,000 0.00% 0.05%
VIP 3 ≥ 50,000,000 ≥ 4,000,000 ≥ 1,000,000 0.00% 0.04%
VIP 4 ≥ 200,000,000 ≥ 6,000,000 ≥ 2,000,000 0.00% 0.04%
VIP 5 ≥ 500,000,000 ≥ 8,000,000 ≥ 3,000,000 0.00% 0.04%

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. 

 

BloFin Availability

CountriesDevices

The BloFin exchange platform is available in over 150 countries and regions, though this is fewer than what we saw in our Bybit review. The platform serves most major areas, including the EU and UK. Still, it does not accept users from the U.S. This limitation may be disappointing, especially compared to exchanges like Coinbase and Kraken, which are accessible to U.S. traders. Users can refer to BloFin’s Terms of Service for a full list of restricted regions.

Since BloFin operates as a non-KYC platform and relies on third-party payment providers for fiat deposits, some users from restricted countries might try accessing the platform using a VPN. However, this comes with potential risks, so users should proceed cautiously.

Users can access BloFin on various devices for a smooth trading experience:

  • Web Platform – BloFin’s desktop platform is designed for both beginners and experienced traders, allowing newcomers to place one-click market orders or practice with a demo account. At the same time, advanced users can leverage TradingView-powered charts, seamless spot-to-futures trading, and sophisticated order types.
  • Mobile App (Android & iOS) – The BloFin app is among the best ones on the crypto market, offering an easy-to-use trading experience and allowing users to execute trades, manage portfolios, and access market insights on the go.

Blofin_exchange_app_-blofin review

BloFin Customer Support and Reviews

BloFin provides 24/7 customer support via live chat and email in multiple languages. Users have reported quick and reliable assistance, particularly through live chat, where they can connect directly with a human agent instead of a chatbot. The platform also features a well-structured FAQ section covering over 70 topics, from account registration to API-based trading, making it easy for users to find answers without contacting support.

Customer feedback on BloFin’s support is generally positive. The platform holds a 4.7 out of 5 rating based on over 600 BloFin reviews, with users praising its intuitive interface, advanced trading tools, and responsive support. However, some reviews mention occasional issues with customer service, highlighting the importance of considering different perspectives when evaluating the platform.


BloFin vs. Other Exchanges

As we know, there are many alternative crypto exchanges, so let’s see how they compare to BloFin:

BloFin vs. Binance

If you’re choosing between Binance and BloFin, it comes down to experience vs. innovation. As we saw in our Binance review, the platform is a globally recognized exchange with extensive features and a strong security track record, while BloFin is a newer platform used for traders who prioritize deep liquidity, advanced trading tools, and automation.

Feature Binance BloFin
Fees 0.1% maker/taker (discounted with BNB) 0.10% spot trading; 0.02% maker / 0.06% taker for futures
Security Cold storage, Secure Asset Fund for Users (SAFU), multisignature authentication, real-time monitoring Fireblocks for secure custody, Chainalysis for real-time tracking, Merkle Tree verification, Wallet-as-a-Service custody
Regional Availability Available in 180+ countries Available in 150+ countries (excludes the U.S.)
Main Features Exchange trading, futures and derivatives, financing options, wallet services, 24/7 live chat support Spot, futures, and copy trading; demo trading; earning programs; high-leverage futures (up to 150x); rewards hub and referral program

BloFin vs. Kraken

Kraken and BloFin serve different types of crypto traders. Based on our Kraken analysis, the platform is known for its strong security, regulatory compliance, and extensive trading options. The BloFin exchange, on the other hand, is a newer platform designed with innovative features like copy trading and demo account. If you compare the two, this table highlights their key differences in fees, security, availability, and features.

Feature Kraken BloFin
Fees 0.2%–0.16% maker, 0.02%–0.26% taker 0.10% for spot trading; 0.02% maker / 0.06% taker for futures
Security FIDO2-compliant 2FA, Passkeys, SSL encryption, cold storage, multi-signature wallets, global settings time lock Fireblocks custody, Chainalysis real-time monitoring, bi-monthly security audits, and Proof of Reserves verification
Regional Availability Available in 190+ countries Supports 150+ countries but not available in the U.S.
Main Features Exchange trading, futures & derivatives, wallet services, 24/7 live chat, email, and phone support Advanced futures trading with up to 150x leverage, copy trading, demo mode for risk-free practice, and flexible earning programs

BloFin vs. Bitfinex

When looking at this comparison, Bitfinex offers a strong reputation and a variety of trading options. At the same time, BloFin provides a more tailored experience with unique features like copy trading and high-leverage futures trading. Depending on what you’re looking for, either platform could be the right fit.

Feature Bitfinex BloFin
Fees 0.10% maker, 0.20% taker 0.10% for spot trading; 0.02% maker / 0.06% taker for futures
Security 2FA, U2F, advanced API key permissions, advanced verification tools Fireblocks custody, Chainalysis real-time monitoring, bi-monthly security audits, and Proof of Reserves verification
Regional Availability Available in 180+ countries Supports 150+ countries but not available in the U.S.
Main Features Exchange trading, futures & derivatives, lending, advanced order types Advanced futures trading with up to 150x leverage, copy trading, demo mode for risk-free practice, and flexible earning programs


How to Sign Up and Begin Trading on BloFin

Starting out with BloFin is straightforward. Here’s how to do it:

  1. Go to BloFin’s official website.
  2. Click the “Sign Up” button and fill in the required details, including email and password.
  3. Check your email for a verification link.
  4. Submit the required documents to complete the KYC process.
  5. Choose a deposit method and fund your account.
  6. Explore the platform and start trading.

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.


BloFin Exchange Review: Pros and Cons

Pros

  • Offers spot, futures, and copy trading, plus up to 150x leverage for futures.
  • Features like Fireblocks for secure custody and real-time monitoring by Chainalysis ensure strong asset protection.
  • The platform has a simple interface, demo mode for risk-free practice, and educational resources for traders of all levels.

Cons

  • No direct fiat deposits or withdrawals, requiring third-party services for crypto purchases.
  • Some leadership and co-founder details are unclear, potentially affecting user trust.


Conclusion: Is BloFin the Right Fit?

BloFin gives a range of features designed for traders who seek deep liquidity and advanced trading features. Its focus on security, with Fireblocks and Chainalysis integration, ensures that user assets are well-protected. Although its copy trading feature is user-friendly and its bot trading is still developing, BloFin shows promise with its innovative tools and flexible earning programs. 

As showcased in this BloFin review, the platform offers a competitive fee structure, but the lack of direct fiat deposits and withdrawals may be a drawback for some users. While still growing, BloFin’s robust security, easy-to-use interface, and diverse services make it a solid choice for traders looking for a secure and feature-rich exchange.

Visit BloFin

FAQs

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References

  1. Americans lost a record $5.6 billion to crypto scams last year, says FBI—this is the No. 1 kind to watch out for (CNBC)
  2. BloFin Proof of Reserves (BloFin)
  3. Proof of Reserves: What It Is, How It Works (Investopedia)

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Dalmas Ngetich
Dalmas Ngetich
Crypto Journalist

Dalmas is an experienced journalist with over a decade in crypto, technology, and blockchain. His work and that of his partners have been featured in top news outlets, including Forbes, investing.com, and Entrepreneur, among others. He is passionate about crypto... Read More

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