BloFin

BloFin transparent logo

Aimed at futures traders – High volume – Up to $5,000 in deposit and trade bonuses – No mandatory KYC

User Friendly
 

Bank transfer deposits

Bank card deposits

No fiat withdrawals

Mobile App

Beginner friendly features: 4

Ease of buying and trading: 5

Interface and user experience: 4

Education and learning: 3

Customer support: 4

Features
 

Spot trading

Futures trading

Advanced trading options: 3

Staking and savings: 1

Airdrops and launchpools: ×

Other products and services: 1

Fees
 
  • Spot Maker Fee: 0.1%
  • Spot Taker Fee: 0.1%
  • Futures Maker Fee: 0.05%
  • Futures Taker Fee: 0.06%

Additional 5% fee discount when using our referral signup link.

Additional $5,000 signup bonus when using our referral signup link.

Safety
 

 Exchange launched in 2023

Proof of Reserves

Regulatory compliance: 2

Reputation and reliability: 3

Asset safety and trust: 4

User account security: 4

Volume & Altcoins
 

 Number of altcoin pairs: 350

 Last 24h trade volume (in BTC): 11,325

Features Score: 56 / 100
3.3
Total Rating: Good
Toggle feature descriptions
Beginner friendly buying
4
Beginner features such as fiat deposits, quick convert, recurring buys, demo trading.
Ease of buying and trading
5
How easy was it to deposit, convert fiat to crypto, and execute trades on spot market.
Interface and user experience
4
Usability, design and intuitivness of the interface and light and dark color schemes.
Advanced trading options
3
Derivatives, options, stocks, margin, trading bots and other advanced trading features.
Staking and savings
1
Number of available staking assets and overall yields.
Airdrops & Launchpools
0
Frequency, value and ease of joining various airdrops and launch events.
Extra financial services
0
Crypto debit cards, fiat withdrawals, loans, P2P marketplace.
Trading fees
4
Competitiveness of trading fees compared to other exchanges, including discounted rates with our referral bonuses.
Volume and liquidity
4
Overall volume, liquidity and spreads on spot and derivatives markets.
Altcoins selection
3
Amount and quality of listed altcoin trading pairs.
Regulatory compliance
2
Approvals, certificates and compliance with various agencies and institutions.
Reputation and reliability
3
Overall reputation of the exchange, user feedback and reviews, social media sentiment, trust and transparency.
Asset safety and trust
4
Use of cold wallet storage and multi-signature, user protection funds, proof of reserves, security audits, and other safety and insurance measures.
Account security
4
Availability of various account security features such as 2FA, anti-phishing codes, hardware keys, withdrawal or trading passwords.
Other products & services
1
NFT marketplaces, copytrading, subaccounts, gift cards, trading competitions and other features.
Mobile App
4
Usability, update freqency, platforms, design and ease of trading via the mobile app.
Decentralized Wallet
0
Decentralized self-custody wallet usability, operating systems, number of assets and blockchain networks supported, DeFi options and more.
Education and learning
3
Learning and news resources on the website, including instructional videos, articles, knowledge bases, FAQs and help center.
Customer support
4
Responsiveness and availability of customer support through different channels such as email, live chat, social media, and others.
Referral and signup bonuses
3
Benefits obtained through the use of our referral codes, including discounted fees, cash bonuses and other rewards.
CoinMarketCap Rating: 4.9/10

Quick info:

Launched in: 2023
Based in: Marshall Islands
Trust Score: 5/10
Coins listed: 350+
Trading volume: 11,325

Features overview:

  • Deposits: Cryptocurrency Bank cardsBank transfers
  • Beginner trading: Spot tradingDemo tradingMobile appCopytrading
  • Advanced trading: MarginFutures & leverageOptionsTraditional marketsTrading bots
  • Financial services: Fiat withdrawalsDebit spending cardsCrypto loansP2P tradingStaking & Earn
  • Other features: Optional KYCSignup bonuses

Restricted countries

BloFin is not available in these 42 countries:

Afghanistan, Angola, Bangladesh, Belarus, Burundi, Cameroon, Canada, Central African Republic, China, Congo - Kinshasa, Côte D’ivoire, Cuba, Eritrea, Ethiopia, Guinea, Guinea-Bissau, Haiti, India, Iran, Iraq, Lebanon, Liberia, Libya, Mali, Marshall Islands, Myanmar, Nicaragua, North Korea, Russia, Rwanda, Serbia, Sierra Leone, Singapore, Somalia, South Sudan, Sudan, Syria, Trinidad and Tobago, United States, Venezuela, Yemen, Zimbabwe.

Also not available in Crimea, Donetsk, Luhansk, and Sevastopol. List last updated in July 2024 through official channels.

BloFin does not enforce KYC (know-your-customer) policies on accounts, therefore VPN use in unsupported countries is possible.

Available countries

BloFin is available in 194 countries and territories.

Trading fees

  • Spot: 0.1% taker and maker
  • Futures: 0.05% maker, 0.06% taker
  • Additional fee discounts for VIPs (large volume traders)
  • Additional 5% fee discount when signing up through our link

Signup bonuses

For added benefits on BloFin use the following code during signup:

ZC5dlF

Use the referral code for permanent 5% trading fee discount.

Signup bonuses amount: $5,000.

Referral, signup or invitation code must be used during signup/registration process. These codes are also automatically added to exchange signup links on our site.

There are never any downsides to using referral codes. Benefits can include fee discounts, deposit bonuses, cash rewards, access to exclusive events or trading competitions, or other advantages.

The referral codes allow exchanges to properly attribute users and distribute rewards, bonuses or fee discounts based on disclosed affiliate relationships. No personal data is ever shared with us.

Visit BloFin

Pros

  • Up to $5,000 in welcome bonuses for new users (for trading volumes, and for deposits).
  • Exchange focused mainly on futures trading.
  • No mandatory KYC.
  • Very high futures volume for a newer exchange.
  • Clean, simple and easy to use interface.
  • Fiat deposits through 3rd party providers.

Cons

  • 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.
  • No fiat withdrawals.

About BloFin

On BloFin, next-generation trading experience meets profitable strategies, and the security of your crypto assets is prioritized. BloFin stands out in the competitive landscape with a range of features designed to enhance user experience, ensure fund security, and provide credible services.

Fund Security at Its Core

BloFin goes above and beyond to secure user funds. The implementation of a Merkle Tree structure and Wallet-as-a-Service Custody ensures that assets are safeguarded with state-of-the-art technology. The 1:1 Proof of Reserves mechanism and Fireblocks Insurance add an extra layer of liability protection, instilling confidence in users regarding the safety of their investments.

Credibility Backed by Investments and Compliance

With world-class investors supporting its endeavors, BloFin solidifies its credibility in the crypto-trading space. The exchange prioritizes localized compliance, aligning its operations with regulatory standards to provide users with a secure and trustworthy trading environment.

Vision, Mission, and Values

BloFin’s vision is to help users derive fortune through the most reliable trading system. The mission is clear: to build a trustworthy crypto-trading platform that facilitates healthy investments and increased profits for everyone. The core values of BloFin revolve around addressing the most pressing user demands and consistently delivering comprehensive solutions.

Meet the Founder: Matt

Matt, 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. BloFin Exchange, conceived under Matt’s leadership, aims to reshape the conventional CEX-user relationship, prioritizing innovation, security, and user satisfaction.

BloFin stands out as a beacon of trust, innovation, and commitment to user success. As users engage with the platform, they can expect a seamless trading experience backed by cutting-edge technology and a vision for a secure and prosperous crypto future.

Features Score: 56 / 100
3.3
Total Rating: Good

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