BloFin is a newcomer exchange mainly aimed at derivatives and futures traders. Nevertheless, its sleek interface and growing list of features make it a serious contender for a top-tier crypto exchange.
If you need tons of features, a different exchange may be a better option. However, give BloFin a try if you need an excellent futures trading experience.
Newly registered users can enjoy deposit and trading bonuses worth up to $5,000, and a permanent 5% fee discount with our link.
BloFin Features Overview:
- Deposits: Cryptocurrency Bank cardsBank transfers
- Beginner trading: Spot tradingDemo tradingMobile appCopytrading
- Advanced trading: MarginFutures & leverageOptionsTraditional marketsTrading bots
- Financial services: Fiat withdrawalsDebit ATM cardsCrypto loansP2P tradingStaking & Earn
- Other features: Optional KYCSignup bonusesSubaccounts
BloFin Fees:
BloFin supports both direct fiat deposits (cheaper fees) and third-party payment providers.
Direct deposits:
| Payment Method | Deposit Fee | Withdrawal Fee | Processing Time |
|---|---|---|---|
 Credit/Debit Cards | 4% | Not available | Instant |
 SEPA Transfers (EU/EUR) | €1 | Not available | 1-2 Business Days |
Integrated fiat gateways:
| Payment Method | Deposit Fee | Withdrawal Fee |
|---|---|---|
| Visa/Mastercard | 5% (min. 10 USD) | 3.5% (min. 10 USD) |
 ACH Transfers (US/USD) | 3.5% (min. 10 USD) | Not available |
| SEPA Transfers (EU/EUR) | 3.5% (min. 10 EUR) | 3.5% (min. 10 USD) |
 Google Pay | 5% (min. 10 USD) | Not available |
 Apple Pay | 5% (min. 10 USD) | Not available |
| Payment Method | Deposit Fee | Withdrawal Fee |
|---|---|---|
| Visa/Mastercard | 4.0% | Not available |
 SWIFT Transfers (International) | 4.0% | 5.5% |
| Google Pay | 4.0% | Not available |
| Apple Pay | 4.0% | Not available |
 Skrill | 4.0% | Not available |
 Neteller | 4.0% | Not available |
Alchemy Pay may charge an additional 1% currency spread. This price spread is typically included with fees in the table above.
Supported fiat currencies: USD, CHF, DJF, MXN, BBD, GTQ, ZMW, CLP, UGX, ZAR, TZS, VND, AUD, ILS, GHS, MDL, BOB, KHR, IDR, KYD, AMD, BWP, TRY, IQD, JOD, AED, HKD, TWD, RSD, EUR, DOP, DKK, CAD, MYR, BGN, NOK, MUR, XOF, GEL, UYU, RON, MAD, LKR, NGN, CZK, CRC, AZN, PGK, OMR, PKR, SEK, KES, ANG, UAH, BHD, MZN, ARS, QAR, KZT, SAR, INR, THB, KRW, JPY, MNT, PLN, BDT, GPB, HUF, BMD, PHP, KWD, PYG, ISK, JMD, COP, MKD, BAM, EGP, MOP, NAD, PAB, SGD, KGS, SOS, PEN, NZD, BND, XAF, BRL.
Supported currencies for bank card deposit: USD, GBP, CAD, AUD, CHF, EUR.
- How to buy crypto with SEPA bank transfer on BloFin
- How to buy crypto with credit/debit card on BloFin
All cryptocurrency deposits to BloFin are free of deposit fees.
BloFin Available & Restricted Countries:
BloFin Review – Introduction
BloFin is a crypto exchange focused on Futures trading and launched in 2023. This newcomer CEX is rapidly growing, as evident by its high derivatives trading volume. BloFin has 350 altcoins listed, but most are only available on Futures trading.
BloFin a platform that isn’t aimed at beginners due to lower number of altcoins on Spot market, few fiat deposit options, and overall lack of features. However, for experienced traders this platform offers reliable trading with sufficient volume, acceptable fees, and optional identity verification.
In our review, we’ll tackle BloFin features, fees, deposit and withdrawal options, and safety. Stick with us, because by the end you will know whether this exchange is the right fit for your needs.
BloFin Highlights – Why Use It?
- Up to $5,000 in welcome bonuses for new users (trading volume and deposit tasks).
- Exchange focused mainly on futures trading.
- No mandatory KYC.
- Very high futures volume for a newer exchange.
- Clean, simple and easy to use interface.
- Earn (staking) only available for BTC, ETH, and USDT.
- Very basic copytrading and trading bot features.
- Low spot trading volume with ~250 pairs (spot trading only opened in Jan 2024).
- No dark theme for account backend.
- Fiat deposits and withdrawals only through 3rd party payment gateways.
Is BloFin Good For Beginners?
BloFin is not a great exchange for beginners. It started as a derivatives-only platform, and only later added Spot trading. While the exchange has implemented some features such as Demo Trading and Copytrading to attract inexperienced investors, at its core it still remains a platform catering to experienced day traders.
Furthermore, BloFin has very few fiat deposit options. The best way to deposit is via bank transfer, which has low fees. Card deposit fees are much higher, however they are only slightly higher compared to competitors. The only other way to deposit local currency is to use 3rd party payment providers implemented into the exchange, all of which have high fees.
Another important detail is lack of fiat withdrawals. For all these reasons, BloFin is not always the right fit for most new investors. But for users able to do SEPA deposits, the fees are very acceptable.
Is BloFin Good For Day Trading?
Crypto trading is where BloFin shines! A pleasant user interface, high volume, and a solid selection of top altcoins are just some of the reasons why this exchange is highly regarded as a trading platform. Despite relatively few altcoin pairs, Spot trading on BloFin is very cheap. There is no Margin trading, Options trading, nor any traditional assets such as stocks or forex.
Biggest downside to trading Futures on BloFin are fees, which are slightly higher compared to some other exchanges. On Futures market, Maker fees are 0.02% per transaction, with Taker fees set to 0.06%. You can scroll to “Fees” section above in this review for a more comprehensive overview, plus an easy way to reduce them.
You can apply up to 150X leverage on Tier 1 assets such as Bitcoin and Ethereum. Lower-cap altcoins often have lower maximum leverage, even down to 50X. Nevertheless, for most traders this leverage is more than sufficient, as trading with high leverage has greater risks.
Deposits – How to Deposit Money to BloFin
Of course, you can deposit any supported and spot-listed cryptocurrency asset to the exchange. Like most crypto exchanges, BloFin will not charge you any crypto deposit fees. Minimum deposit amounts are around $10, depending on asset. You can get started and try the exchange with very little investment.
Fiat deposits & payment methods
For direct payment methods, BloFin supports SEPA transfers in Euros, and card payments (Visa and Mastercard). SEPA bank transfer has a fixed €1 fee, making it a cheap and convenient deposit method. On the other hand, card payments have a 4% fee per transaction. Card fees are in line with or slightly more expensive than card payments on competitor services.
Fiat deposits to BloFin are also available through 3rd party payment providers Alchemy Pay and Simplex. Both of these are reputable providers used by many crypto exchanges.
Supported 3rd party payment methods: VISA, Mastercard, Skrill, Google Pay, Apple Pay, Neteller. and SEPA Instant bank transfers. Additional payment methods may be available, depending on fiat currencies and your location. For example, you can use PIX in Brazil, etc.
Supported fiat currencies (3rd party gateways): USD, CHF, DJF, MXN, BBD, GTQ, ZMW, CLP, UGX, ZAR, TZS, VND, AUD, ILS, GHS, MDL, BOB, KHR, IDR, KYD, AMD, BWP, TRY, IQD, JOD, AED, HKD, TWD, RSD, EUR, DOP, DKK, CAD, MYR, BGN, NOK, MUR, XOF, GEL, UYU, RON, MAD, LKR, NGN, CZK, CRC, AZN, PGK, OMR, PKR, SEK, KES, ANG, UAH, BHD, MZN, ARS, QAR, KZT, SAR, INR, THB, KRW, JPY, MNT, PLN, BDT, GPB, HUF, BMD, PHP, KWD, PYG, ISK, JMD, COP, MKD, BAM, EGP, MOP, NAD, PAB, SGD, KGS, SOS, PEN, NZD, BND, XAF, BRL.
Some payment methods or gateways may be unavailable depending in your chosen fiat currency. The main benefit to depositing in local currencies is to avoid additional currency transaction fees.
Fiat deposit fees
Fiat deposit fees will vary depending on chosen payment provider, local currency, and payment method. While convenient and safe to use, both Alchemy and Simplex have high fees, so you can expect to pay up to 5%!
Exchanges such as Binance or OKX which charge zero or close to zero fees for bank transfer deposits, while providing additional payment methods. Users able to transact in Euros can still consider BloFin as their fiat gateway, because their €1 flat fee is quite cheap. Card payment fees are in line with other exchanges and services.
Again, BloFin charges no crypto deposit fees. For regular investors, it can be best to pick a cheaper fiat gateway exchange, and then transfer crypto assets over to BloFin for trading. Keep in mind, you should only consider depositing fiat to BloFin if you are in one of its available countries. Despite BloFin’s no-KYC policy, fiat deposits will always require identity verification.
Withdrawals – How To Withdraw From BloFin
BloFin does not have fiat withdrawals. You will be unable to withdraw USD, EUR or any other fiat currency to your bank account, card, or other payment service.
The only way to withdraw money from BloFin is to withdraw crypto assets. Each crypto asset has a different withdrawal minimum and fees associated. For USDT on TRC-20, the minimum withdrawal amount is $10, and fee set to flat 1 USDT.
Withdrawal fees are inevitable, because processing blockchain transactions is not free. However, BloFin has more than reasonable withdrawal fees and will not charge you any premiums for taking your money out of the exchange. Withdrawing Bitcoin and Ethereum through their respective mainnets is always going to be more pricey. However, there are many altcoins including USDT and other stablecoins which have fees around or under $1 per transaction. More than reasonable!
Keep in mind that non-KYC’d accounts can only withdraw 20,000 USDT per 24 hours. Verified accounts have a cap of $1M per day.
User Interface – Is BloFin Easy to Use?
BloFin happens to be one of the more pleasant exchanges for trading. Its user interface is sleek, and will require practically no learning if you ever traded crypto before. BloFin’s popularity amongst experienced traders is not a surprise, because the user interface feels great to use.
Futures trading interface will let you trade in either isolated or cross margin mode. You can place limit, trigger, TP/SL, or trailing stop orders. Buy or sell orders can also quickly be placed on the chart, and open positions window will let you reverse positions, close all positions or cancel all orders. You can turn off confirmations if you choose to, and enable sounds to get notified about filled orders.
Best part about the Futures trading interface is the ability to hide the order book. This is a small and often insignificant feature to most traders, but very few exchanges actually have it. For additional customization, windows such as the TradingView chart and open positions can be resized and moved to your liking.
BloFin’s trading interface fully supports dark mode, making trading at late hours more pleasant. Biggest downside to user interface is lack of dark color scheme for wallet and other account pages. Speaking of account backend, it’s clean, easy to navigate, and provides a full history or trades, orders, and PnL analysis. BloFin also partnered with TradeStream, allowing users easy trade journaling and analytics.
Because this trading platform doesn’t have a million features, its menus are clean and easy to navigate. Many larger exchanges do not provide the same level of customization and usability. Overall, the user interface and trading experience on this exchange is top notch.
Other BloFin Features
Aside from the basics – deposit, withdraw and trading services – BloFin has a number of other features you may or may not care about. Let’s take a brief look!
Staking
BloFin has a very basic staking program, with very few assets listed. You can only stake USDT, BTC, and ETH. Staking is available in both flexible and fixed duration. You can get basic yields up to 4% APY for staking your idle coins on the exchange. However, for more assets and higher yields it’s recommended to find another exchange. You can look at our Best Staking Exchanges to find better places to park your unused coins to get passive income.
Demo Trading
You can try crypto trading on BloFin completely risk-free with their demo trading feature, implemented back in October 2024. To try demo trading, all you need to do is create an account. No deposits are necessary. You get to practice Futures trading with no actual risk involved. This gives you an opportunity to try the platform and see if you like it.
Copy Trading
BloFin also has copy trading, a feature that lets you mirror trades by other traders and profit from their positions. You can easily find, compare and choose from dozens of traders with profitable trading history, and let them do the hard work for you.
While copytrading is often advertised to beginner traders, you must always beware of letting others manage your portfolio. Use the feature at your own risk and with proper risk management. You should make sure to thoroughly research each copy trader’s historical performance. Fortunately, BloFin’s interface lets you do this easily.
Trading Bots
Currently, BloFin has two different trading bots to choose from. First is Signal Bot, which lets you trade futures automatically through signals provided directly from TradingView.
Related: Crypto exchanges with TradingView integration
Second bot available on BloFin is TWAP, which lets experienced traders more easily place large orders without affecting the slippage.
There are no other trading bots on BloFin, however the exchange is working on Futures Grid, Futures DCA (Martingale), Scaled Order, Futures CTA, and Futures VP bots.
Experienced users who require more trading bots can look at Bitget, Gate, Pionex, or Bybit for more comprehensive selection.
Safety & Security – Is BloFin a Safe Exchange?
In this section we’ll explain BloFin’s regulatory licensing status, funds security, and account security.
Regulatory compliance and transparency
BloFin does not hold any regulatory licenses from major countries. Compared to industry-leading giants such as Binance, the amount of regulatory compliance on BloFin is disappointing. However, the lack of licenses can be attributed to BloFin’s NO-KYC policies. Every exchange with optional KYC has very few approvals by governments or institutions.
Unlike most exchanges, BloFin doesn’t provide a great deal of transparency into its operations either. Their website has only basic information about the founder, with little additional data about their company, employees, or other relevant info.
BloFin is compliant with basic law enforcement requests, anti-money laundering laws and terrorist financing laws. Furthermore, the exchange restricts access to customers from countries such as United States, where crypto laws are more stringent.
Are funds safe on BloFin?
On the upside, BloFin has been operating since 2023 without issues. Crypto exchanges are always targets for hacks, but so far BloFin did not suffer from any major breaches of security or lost funds. In June 2024, BloFin partnered with Chainalysis for live monitoring of transactions in an effort to improve its legal compliance and security.
In April 2025, BloFin obtained ISO/IEC 27001 certification. This certificate is the leading international standard for information security management. In essence, it means the platform protects user data with highest levels of security and compliance.
In addition, the exchange publishes regular Proof of Reserves reports. Customers can verify their assets are held by the exchange with Merkle Tree. Proof of Reserves (PoR) is an essential transparency tool to ensure exchanges do not misuse any customer funds. So far, all funds have been accounted for in previous PoRs, with exchange wallets holding far more assets than customer deposits.
Lastly, BloFin also partnered with Fireblocks, an industry-leading custodial solution for added security through safe cold-wallet asset storage. Also, Fireblocks provides the platform with additional liability insurance coverage.
Account security
BloFin enforces 2-factor authentication (2FA) for logging into an exchange. This is a basic but important security measure to prevent unauthorized access to customer accounts. Aside from Google Authenticator 2FA, users can also secure their accounts with Passkey verification for logins and withdrawals, adding another layer of security.
In addition, the platform will protect accounts and withdrawals with additional email confirmation. Official communication can also be verified by setting up an anti-phishing code.
There are no additional or advanced security methods in place such as withdrawal PIN codes, trading passwords, subaccounts, or account freezes. Overall, the user account security options are adequate to prevent most types of unauthorized logins or withdrawals.
Customer support
BloFin’s support center has dozens of articles that explain how to use the exchange. For most common questions, you will easily find an answer or a full guide on how to use the feature.
For other questions, you can always contact their customer support through a “Chat” button visible on the bottom of every page. This lets you live chat with customer support representatives at any time and resolve any issues you are having.
Support is not provided through any other means or channels such as Telegram or Discord. It’s always safest to contact support directly through their website, and watch out for anyone claiming to provide support through other means.
Is BloFin safe?
There is no evidence that BloFin is a scam or fraudulent crypto exchange. It doesn’t have too many years of reliable history, but during its few short years we haven’t seen any red flags or issues. As always, users are advised to only deposit crypto necessary for trading to exchange wallets, and keep most funds in safe storage.
You can trade Futures with up to 150X leverage on this CEX. This makes it easy to deposit small amounts of your portfolio yet trade with larger position sizes.
FAQs
- Is BloFin available in United States?
BloFin is curently not available in the US nor any of its territories. Due to regulatory restrictions, very few exchanges are available in USA. Because of BloFin's no-KYC policy, it is highly unlikely it will become available in US any time soon.
Customers from restricted countries will be blocked from accessing the exchange through IP address checks. The platform's optional identity verification makes it possible to trade crypto on BloFin from United States or other restricted countries through VPN services. However, it's always advised to use exchanges which are fully available in your country.
Other major countries restricted on BloFin include China, India, Russia, Singapore. In total, customers from over 40 countries are unable to officially use BloFin for trading.
- Does BloFin have optional KYC?
BloFin has optional KYC. This means identity verification on this exchange is optional, and customers are not forced to provide their identity documents. There are no trading restrictions for non-verified customers.
Non-KYC users are able to withdraw up to 20,000 USDT worth of assets per 24 hours. This restriction is in place to prevent large-scale money laundering or fraud. By verifying their identity, customers can increase the withdrawal limits to $1 million per day.
- What does BloFin referral code do?
By using referral code "ZC5dlF" during signup, you can receive a permanent 5% trading fee discount applied to your account. This code will reduce any Spot and Futures trading fees on the exchange, and can lead to large savings over time.
There is no downside, cost or drawback to using this code. In order to apply the fee rebate, the code must be entered in the "Referral code" field during account registration.
- Is BloFin cheap for trading?
Compared to other crypto exchanges, BloFin is somewhere in the middle of the pack. Its Spot market fees are among the cheapest. For Futures market traders, fees are industry average or slightly higher in comparison.
Users can reduce fees further with one or both of these methods:
- VIP levels: By trading at least 10M on Futures, or 1M on Spot, or by holding 50,000 USDT worth of assets, users can reduce fees by 10-20%.
- Referral code: By using referral code "ZC5dlF" during signup users can receive a permanent 5% trading fee discount at no cost.
BloFin does not have a native token, or any other method to reduce trading fees.
- Who owns BloFin?
BloFin doesn't have a great deal of transparency into company ownership or stakes. Their website's "About" page states that they are partnered with several notable crypto and investment companies, some of which also previously provided funding.
Matt Hu, the founder of Blofin, earned recognition as one of the “Top 100 Influencers in Blockchain” by Cointelegraph in 2020. Having founded BloFin in September 2019 and TokenInsight in March 2018, Matt brings a wealth of experience to the table. His background includes contributions to a renowned US VC firm on Sandhill Road, where he played a key role in investments and portfolio management for top-tier companies like Twitch and Unity.
Exchange is headquartered in Marshall Islands, with no notable or known presence in other countries.
Final Verdict: Is BloFin a Good Crypto Exchange?
BloFin is a smaller but fast growing exchange with excellent volume and solid selection of altcoins to trade. This is not a good exchange for beginners, but experienced traders should definitely consider it. The platform prioritizes Futures trading, and does this remarkably well through its excellent user interface and useful tools.
One of BloFin’s biggest upsides is its privacy-focused approach, and the exchange does not enforce identity verification on customer accounts. Despite optional KYC, it does restrict traders from many countries from accessing the platform, so additional technical means are required to trade from restricted regions.
We would like to see more transparency into exchange’s operations, and more details on how it secures user funds. Because of this and considering the exchange has only been operating for a couple of years, BloFin is far from being the safest exchange. The CEX has a good reputation and did nothing to make it appear suspicious, but caution is always advised with newer and unproven platforms.
- Up to $5,000 in welcome bonuses for new users (trading volume and deposit tasks).
- Exchange focused mainly on futures trading.
- No mandatory KYC.
- Very high futures volume for a newer exchange.
- Clean, simple and easy to use interface.
- Earn (staking) only available for BTC, ETH, and USDT.
- Very basic copytrading and trading bot features.
- Low spot trading volume with ~250 pairs (spot trading only opened in Jan 2024).
- No dark theme for account backend.
- Fiat deposits and withdrawals only through 3rd party payment gateways.
In conclusion, BloFin is an excellent exchange for privacy-focused traders who need Futures trading without KYC requirements. For users who want a smooth trading experience, this crypto exchange is worth a try.
Review Score Breakdowns:
Scroll back to: Top • Features • Fees • Referral bonuses • Available countries • Restricted countries • Review
