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.
BloFin Overview
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
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. 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’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. 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. 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 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’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’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. 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’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 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. 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. 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 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 (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. 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. 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: 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. As we know, there are many alternative crypto exchanges, so let’s see how they compare to BloFin: 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. 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. 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. Starting out with BloFin is straightforward. Here’s how to do it: 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. Pros Cons 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.BloFin Buy
BloFin Trading
BloFin Trading Bot
BloFin Copy Trading
BloFin Demo Trading
BloFin Earn
BloFin Rewards Hub
BloFin Activity Centre
Blofin’s Affiliate Program
Blofin Referrals
Blofin’s Academy
Supported Currencies and Payment Methods
BloFin Fees and Commissions
Trading Type
Maker Fee
Taker Fee
Spot Trading
0.10%
0.10%
Futures Trading
0.02%
0.06%
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%
BloFin Trading Fee Calculation
BloFin Security
BloFin Availability
BloFin Customer Support and Reviews
BloFin vs. Other Exchanges
BloFin vs. Binance
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
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
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
Welcome Offer and Sign-up Bonus
BloFin Exchange Review: Pros and Cons
Conclusion: Is BloFin the Right Fit?
FAQs
Is BloFin regulated?
Is BloFin insured?
How long has BloFin been around?
Does BloFin require KYC?
Does BloFin have fees?
How much can you withdraw from BloFin?
Is there a deposit limit for BloFin?
Does BloFin have leverage?
References
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