Every trader has felt it: thin liquidity when you need to move size, interfaces that slow you down, or endless KYC checks that kill momentum. In a market where seconds matter, Blofin comes in with lightning-fast execution time and precision. That’s the gap BloFin is aiming to close.

Backed by partnerships with top KOLs, it positions itself as a platform where beginners can start smoothly while pros still find depth, and its biggest draw is no-KYC access.

In this BloFin review, we’ll explore how it measures up on liquidity, trading experience, and the wider products it’s building as part of a complete crypto suite. After reading our full guide about BloFin, you will know why the platform became one of the fastest-growing crypto exchanges worldwide.

Stats	BloFin
🚀 Founded	2019
🌐 Headquarters	Cayman Island
🔎 Founder	Matt H.
👤 Active Users	2M+
🪙 Supported Coins	564+
🔁 Spot Fees (maker/taker)	0.1% / 0.1%
🔁 Futures Fees (maker/taker)	0.02% / 0.06%
📈 Max Leverage	150x
🕵️ KYC Verification	Not Required
📱 Mobile App	Yes
⭐ Rating	4.2/5
💰 Bonus	$5.000 (Claim Now)

 

BloFin Overview

BloFin was founded by Matt Hu in 2019 and is based in the Cayman Islands. The crypto exchange focuses on spot and futures trading with support for over 564+ digital assets. BloFin provides users with a comprehensive, efficient, and user-friendly interface with advanced trading features. Traders also have access to a substantial amount of cryptocurrencies with up to 150x leverage and low fees on the futures market.

Additionally, BloFin is licensed (U.S. MSB license) and also implements security measures, including two-factor authentication and cold storage, to prevent unauthorized access to customer accounts and guarantee the safety of user assets.

BloFin stands out with its comprehensive Copy trading feature that allows beginners and inexperienced traders to earn from top traders (so called “master traders”) and investors.

The trading interface of BloFin is easy to navigate for beginners and features advanced trading tools, including real-time charts, technical indicators, and customizable watchlists for advanced. Traders. Additionally, BloFin offers reliable 24/7 customer support via live chat and email.

We love that users can access up to $10,000 USDT as a welcome bonus as well as various opportunities to earn passive income through crypto investments when they join BloFin.

Check out our complete BloFin bonus guide to learn how to get the best crypto rewards.

Lastly, BloFin even features a mobile app for trading on the go, available for both Android and IOS users, with a 3.9/5 star rating on the Google Play Store. So, If you’re looking to get started with derivatives trading, BloFin is the perfect place to start your journey.

 

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BloFin Pros and Cons

👍 BloFin Pros	👎 BloFin Cons
✅ No-KYC exchange with global access (incl. US, UK, Canada)	❌ Relatively new
✅ Supports 564+ spot cryptocurrencies and 440+ futures contracts	❌ Fiat withdrawals are not supported
✅ Up to 150x leverage on futures	❌ Liquidity depth is moderate
✅ Bot trading supported
✅ Full Proof of Reserves
✅ Customer support is available 24/7 via live chat and email

 

BloFin Sign-up and KYC

Creating an account on BloFin is a simple and straightforward process. Please note that KYC is not required, but you can unlock higher withdrawal limits after verifying your identity. Follow the steps below to sign up:

Step 1: First, visit the BloFin website and click on the Sign-up button at the top right corner of the page. This would take you to their registration portal.

Step 2: Provide your email address or phone number and create a strong password. Then, select your country and agree to the Terms of Service and Privacy Policy.

Step 3: Click on the “Sign-up” button. After this, a verification code is sent to your mailbox. Provide the code to verify your email address and activate your account.

step 4: After your account is activated, you can log into your BloFin account. You are not required to complete the KYC verification, but verified accounts have more features unlocked.

The KYC verification process is grouped into three levels.

• Level 1 requires your email address verification.
• Level 2 requires your personal information, which includes a government-issued I.D. and a Selfie.
• Level 3 requires valid proof of Address. The daily withdrawal limit for Level 1 is 20,000 USDT, Level 2 increases the limit to 1,000,000 USDT, and Level 3 has a daily withdrawal limit of 2,000,000 USDT.

After the KYC verification is completed, you can deposit funds and start exploring the various features available on BloFin.

 

BloFin No-KYC Withdrawal Limits

If you do not want to verify your identity, you can still withdraw cryptocurrencies from BloFin to another wallet or crypto exchange. Please note, that fiat withdrawals are not supported.

KYC Level	Requirement	Daily Withdrawal Limit
No KYC	None	$20,000
KYC 1 (Basic Verification)	Personal Info + ID	$1,000,000
KYC 2 (Advanced Verification)	Proof of address	$2,000,000

Before you jump into the sign-up process, keep in mind that BloFin doesn’t require KYC for trading, yet it does have restrictions in certain regions. To avoid any surprises, you can use our BloFin Country Checker to confirm whether the platform is available in your location.

 

BloFin Trading Experience

The core of any exchange is its trading platform. Is it beginner-friendly, or does it lean toward advanced order types that favor futures traders? This is where the real test lies. Let’s take a closer look at how BloFin performs in this area.

 

Spot Trading on BloFin

BloFin offers access to 564+ cryptocurrencies with a daily trading volume of over $615+ million, which reflects moderate liquidity in its spot markets. The trading interface is beginner-friendly, built on TradingView charts and equipped with essential charting tools and indicators to help traders make informed decisions while monitoring market conditions.

In terms of order types, the platform keeps things simple, supporting the standard market and limit orders, along with a trigger order option. Trading fees are competitive at 0.1% for both makers and takers, putting BloFin on par with other major exchanges.

 

BloFin Futures Trading

BloFin’s futures platform supports 440+ contracts, mostly paired against USDT, with leverage of up to 150x. Spreads are relatively tight, though overall market depth is not yet at the level of top-tier exchanges. The interface integrates TradingView charts, giving traders access to a full suite of charting tools and indicators for technical analysis.

When it comes to order types, BloFin goes beyond the basics. Alongside standard limit and market orders, it also supports TWAP (Time-Weighted Average Price), Trailing Stop Trigger, and built-in Take-Profit/Stop-Loss (TP/SL) features. This makes the platform flexible enough to serve both beginners and more advanced derivatives traders.

 

BloFin Trading Fees

BloFin offers spot and futures trading with relatively low trading fees, making it a great platform for day trading. The fee structure is based on a maker and taker fee model. Maker orders refer to limit orders which are placed in the order book. Taker orders refer to market orders which  fill orders from the limit order book, and therefore taking liquidity out of the orderbook.

BloFin offers crypto traders access to affordable trading fees. Spot trading comes with a 0.1% fee for makers and takers, which is the industry standard. Based on your 30-day trading volume, the spot trading fees can be reduced further.

 

On the futures market, the charge is 0.02% for makers and 0.06% for takers with leverage of up to 125x on derivatives and perpetual contracts. BloFin uses a tiered fee structure, which could reduce fees to 0% for makers and 0.035% for takers based on your 30-day trading volume.

Overall, BloFin charges fair fees when comparing to other crypto exchanges in the market. The spot trading fees of 0.1% are very common, while BloFin’s futures trading fees are lower than many competitors. Additionally, BloFin has fairly easy to reach requirements for fee discounts.

You can view the official BloFin fee schedule here.

 

BloFin Products, Services, and Features

Trading Features:

BloFin is a crypto futures trading platform. The exchange offers a comprehensive futures trading interface with high leverage and low fees. The trading interface features real-time charts, technical indicators, and multiple order types to improve the overall trading experience for users. Additionally, BloFin supports USDT-margined perpetual contract trading for over 564+ trading pairs.

 

Copy Trading

Aside from futures trading, BloFin also offers a comprehensive Copy trading feature that enables users to copy the trades of master traders and make a profit from them. This comes along with adequate educational materials to fully understand copy trading and other features on BloFin.

All you have to do is decide the amount you wish to invest and simply copy everything they do automatically in real-time. Anytime a trader you copy makes a trade; your account will make that same trade as well.

You do not need to have any input on the trades, and you get identical returns on each transaction as the trader you copied.

 

Demo Trading

In 2024, BloFin launched a free demo trading platform where users can practice cryptocurrency trading. The feature is directly integrated into the trading platform, making it easily accessible.

What makes BloFin demo trading special is the fact that you can use futures demo trading and spot demo trading. This is unusual as most crypto exchanges only offer demo trading on the futures market.

BloFin has a separate spot and futures demo trading wallet, where users can request demo assets of $50,000 per wallet (so $100,000 in total).

You can learn more about this feature in our step-by-step BloFin demo trading guide. Additionally, we have a video tutorial on our YouTube channel, which you can watch below

 

Bot Trading

BloFin offers a range of trading bots designed for different strategies and market conditions. You’ll find AI bots as well as grid, signal, DCA, and TWAP bots that can be set up for bullish, bearish, sideways, or volatile markets. For newcomers, BloFin includes a “Match with the Right Bot” feature that suggests bots based on your preferences, making the setup process less overwhelming. Each bot shows backtested performance, profit ranges, and risk levels, so traders can evaluate before committing. While useful, it’s important to remember that results vary and bots should be used with realistic expectations.

 

BloFin Earn

BloFin provides a few options for users to earn money apart from trading. BloFin Earn allows users to earn passive income based on flexible fixed durations ranging from 7 days to 360 days. You can subscribe to over 14+ cryptocurrencies, such as USDT, BTC, or ETH, and receive an APY of 0.1% to 10%. Choosing flexible durations offers the lowest APY, while long, fixed durations offer the highest APY.

 

BloFin Referral Program

The referral program is to encourage existing members to invite new users to BloFin. You can earn up to 30% commission when you invite new users to join the BloFin crypto exchange and new users can earn up to 5000 USDT in welcome rewards when they sign up. For higher commissions, we recommend the BloFin affiliate program.

 

BloFin Affiliate Program

Another efficient way to earn passive income on BloFin is to become an Affiliate partner. As an affiliate, you get to promote BloFin on your networks and also get the chance to earn up to 50% commission on the trades of users that join through your affiliate link.

Through the affiliate program, you can also earn commission on the trades of users that your referrals invite to register on BloFin. This makes BloFin a great crypto exchange to earn income aside from trading.

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BloFin Deposit Methods

BloFin supports cryptocurrency and fiat payments for deposits. Fiat currency is only supported for direct payments via credit card, meaning you can not hold your local currency directly on your BloFin account. The supported cryptos are BTC, ETH, and USDT, and the supported fiat currencies include USD, CHF, EUR, GBP, and 30 more.

To deposit crypto, you’ll be required to select the desired crypto and the blockchain network to be used. A unique address is given to you which you should transfer the crypto to. After the transaction is confirmed, your deposit comes up on your balance which you can use to invest or trade on the BloFin spot or futures market. The process is straightforward and there are no fees on crypto deposits.

 

BloFin Withdrawal Methods

BloFin only supports cryptocurrencies for withdrawals. Fiat withdrawals are not supported. Crypto withdrawals are also easy and straightforward. The supported coins are BTC, ETH, and USDT. To withdraw, you’ll select the coin and the blockchain network you want to make use of. Crypto withdrawal fees depend on the coin and selected Blockchain network.

 

BloFin Security And Regulation

BloFin takes security very seriously as it implements advanced security protocols including two-factor authentication, cold storage, and SSL encryption to help secure user assets. Also, BloFin has never experienced any hacks which shows that it is a secure and reliable platform for your trades.

The exchange provides proof of reserves via Nansen. Nansen is a blockchain analytics platform that enriches on-chain data with millions of wallet labels. This shows that all user assets are fully backed by company funds.

BloFin also complies with the necessary regulatory guidelines as the platform has already obtained its USA federal MSB license through FINCEN, and CIMA compliant fund license.

 

 

BloFin Customer Support

Users have access to dedicated 24/7 customer support to attend to any questions or concerns. In the bottom right corner of the website, there is a 24/7 live chat feature. Within just a few minutes, you will be connected with the BloFin staff.

Alternatively, customers can relate their questions via email or social media.

 

Why Choose BloFin?

Here are some of the reasons why you should choose BloFin as your crypto trading platform.

• User-friendly Interface: The exchange is designed to be easy to navigate for users with any level of experience in digital asset management. BloFin also provides advanced trading tools like live charts and advanced order types. This makes it suitable for both beginners and experienced traders.
• Adequate Security and Transparency: BloFin implements adequate security measures like cold storage and algorithm encryption to protect user assets. BloFin also holds a 1:1 reserve of all customer assets and gives users full transparency of reserves and user funds.
• Wide range of Income Earning Opportunities: BloFin offers various ways to help users earn money. These include crypto trading, token offerings, referral programs, and access to Decentralized Finance (DeFi) solutions.
• Reliable Customer Support: BloFin features fast and reliable customer support via live chat and email to help users address any questions or issues.
• Low trading Fees: BloFin gives users access to low fees on futures trading and also offers leverage of up to 125X on derivatives and perpetual contracts. This makes it a suitable option for traders looking to maximize profit and get a smooth trading experience.
• Insurance: BloFin also partners with Fireblocks- the industry-leading assets custodial institution, thereby safeguarding the customers’s funds with insurance coverage.

 

BloFin Alternatives

If you think BloFin isnt the right choice for you, consider checking out some of the top BloFin alternatives.

For users seeking a no-KYC crypto exchange alternative, we recommend Bitunix. They are available globally, charge low fees, offer 150x leverage, and are easy to use.

Alternatively, we recommend Bybit. While you must complete KYC verification, Bybit remains one of the top cryptocurrency exchanges worldwide, with low fees and deep liquidity.

You can compare Blofin, Bitunix, and Bybit in the comprehensive table below.

Feature	BloFin	Bitunix	Bybit
Established	2019	2022	2018
Spot Fees (Maker/Taker)	0.10% / 0.10%	0.10% / 0.10%	0.10% / 0.10%
Futures Fees (Maker/Taker)	0.02% / 0.06%	0.02% / 0.06%	0.02% / 0.055%
Max Leverage	150x	125x	100x
KYC Required	No	No	Yes
Supported Cryptos (Spot)	564+	541+	726+
Futures Contracts	440+	400+	578+
No KYC Withdrawal Limit	$20,000	$500,000	Not Allowed
24h Futures Volume	$2.01B+	$8.17B+	$47.89B+
Trading Bonus	$5,000	$5,500	$30,000
Key Features	• No KYC required • High leverage (150x) • Good for US/UK/CA traders	• No KYC required • User-friendly • Multiple fiat options	• Advanced features • High liquidity • Multiple trading bots
Sign Up	Sign Up	Sign Up	Sign Up

 

Conclusion

BloFin is gradually becoming one of the top-rated crypto derivatives exchange platforms. The exchange implements smooth trading features with advanced trading tools. Users also enjoy low trading fees, copy trading, a wide range of passive income products, and many more. However, BloFin still has limited features compared to other platforms. The exchange doesn’t support enough cryptocurrencies, NFT trading, mining, staking, or bot trading.

 

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FAQs

1. What is the Minimum Deposit Required to Start Trading on BloFin?

In order to start trading fully on BloFin, the minimum amount you can deposit is 10 USDT.

 

2. Is BloFin a Secure Crypto Exchange?

Yes, BloFin is fully secure as it offers advanced security measures, including two-factor authentication, SSL encryption, and Cold storage.

Additionally, BloFin has never experienced any hacks. This shows that it is fully secure and reliable for the safety of your assets as a trader or investor.

 

3. Does BloFin Require KYC to Trade?

No, BloFin does not require KYC to trade. However, you will unlock additional features after completing the identity verification. To complete the KYC verification on BloFin, you need to submit a government-issued ID, a selfie, and a valid proof of address.

 

4. Is BloFin Registered and Licensed?

BloFin is dedicated to ensuring adequate regulatory compliance as it has already obtained its USA federal MSB license through FINCEN, CIMA compliant fund license, and is also working to obtain additional asset management licenses in Hong Kong, Singapore, and Canada.

 

5. What Deposit and Withdrawal Methods are Available on BloFin?

Currently, only cryptocurrencies are available for deposits and withdrawals on the BloFin platform. Users can deposit or withdraw BTC, ETH, and USDT.

 

6. What is The Maximum Leverage on BloFin?

BloFin offers users up to 125x leverage on futures and perpetual contracts. It also offers over 440+ trading pairs for trading futures contracts.

 

7. Does BloFin Offer Low Trading Fees?

Yes, BloFin offers users a very affordable fee structure to help maximize profit and improve their overall trading experience. The fee is 0.02% for makers and 0.06% for takers on the futures market. BloFin also uses a tiered fee structure that helps to reduce trading fees based on your 30-day trading volume. Fees can be reduced up to 0% for makers and 0.035% for takers.

 

8. Does BloFin Provide Proof of Reserves?

Yes, BloFin provides adequate proof of reserves that shows that user funds are fully backed by company funds. This makes it a reliable trading platform, as users are assured that their assets are always protected.