According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- Web platform
- BloFin apps
- High leverage for derivatives, active trading and passive investing
Our Evaluation of BloFin
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
BloFin is a moderate-risk cryptocurrency exchange with the TU Overall Score of 6.65 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by BloFin clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews.
BloFin is a modern and secure exchange for traders and investors seeking efficient tools and robust security. The platform offers advanced tools for experienced users and reliable asset protection, making it an excellent choice for long-term engagement with the cryptocurrency market.
Brief Look at BloFin
BloFin is a centralized cryptocurrency exchange (CEX) launched in September 2019. It offers a wide range of opportunities for trading and investing in digital assets. One of the platform’s main products is derivatives, including over 300 USDT-M perpetual futures contracts, alongside support for spot trading, copy trading, and passive income generation on uninvested assets through various tools. Available as a web platform and mobile app, BloFin also provides an API for automating trading strategies, making it attractive to experienced traders and developers.
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- High level of security due to integration with Fireblocks;
- Support for over 300 futures and derivatives contracts;
- Convenient options for copy trading and automation;
- Flexible investment products that allow earning without active trading.
- Access to the platform is restricted in some countries;
- Beginners may need time to learn all the features.
TU Expert Advice
Author, Financial Expert at Traders Union
BloFin is a centralized cryptocurrency exchange offering a range of trading instruments, including spot trading, futures, and derivatives contracts. The platform features a user-friendly web interface and mobile apps, emphasizing advanced trading tools and automation via API, catering to both experienced traders and developers. It supports high leverage up to 1:150 and passive income options through copy trading, and integrates with Fireblocks to enhance security measures, offering diverse engagement methods with the cryptocurrency market.
However, BloFin has some drawbacks, such as limited availability in certain countries and a steep learning curve for beginners due to its complex interface and advanced features. The absence of certain deposit and withdrawal methods, like Google Pay and bank card support, may inconvenience some users. While BloFin suits experienced traders seeking robust tools for derivatives and automated strategies, it may not be suitable for beginners or those prioritizing simple accessibility and broader regional access.
BloFin Summary
Your capital is at risk. Cryptocurrency trading can be extremely risky. Cryptocurrency trading can lead to large and immediate financial losses. The volatility and unpredictability of the price of cryptocurrency relative to fiat currency may result in significant loss over a short period of time. Transactions in cryptocurrency may be irreversible, and, accordingly, losses due to fraudulent or accidental transactions may not be recoverable. The nature of cryptocurrency may lead to an increased risk of fraud or cyber attack.
| 💻 Trading platform: | Web platform, BloFin apps |
|---|---|
| 📊 Accounts: | VIP 0, VIP 1, VIP 2, VIP 3, VIP 4, VIP 5 |
| 💰 Account currency: | USDT, BTC, ETH, XRP, SOL, TRX, DOGE, ADA and others |
| 💵 Deposit / Withdrawal: | Cryptocurrency transfers, purchasing crypto for fiat through Simplex |
| 🚀 Minimum deposit: | 1 USDT |
| ⚖️ Leverage: | Up to 1:150 for derivatives |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: |
Spot: 0.01 lot Futures: minimum contract size |
| 💱 Commission: |
Spot: 0,1%-0,1% Futures: 0,02%-0,06% |
| 🔧 Instruments: | 250 supported coins, Futures, Perpetual contracts, Fiat. |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | Market execution, API support for automated trading |
| ⭐ Trading features: | High leverage for derivatives, active trading and passive investing |
| 🎁 Contests and bonuses: | Yes |
BloFin Key Parameters Evaluation
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Regulation and safety
BloFin received a score of 3.75/10, indicating a low level of security and regulatory compliance. This suggests that the platform may lack essential protections, and users should exercise extreme caution.
- 2FA
- Investor protection fund
- No successful hacks history
- Not government-regulated
- Cold wallet storage is not mandatory
- No facial recognition
- Not U.S regulated
BloFin Security Factors
We also compared BloFin against the top two competitors with the highest scores in our overall ranking based on the most critical security indicators.
| BloFin | OKX | Kraken | |
| Tier-1 regulation | No | No | Yes |
| Government-regulated | No | Yes | Yes |
| Investor protection fund | Yes | Yes | No |
| 2FA | Yes | Yes | Yes |
| Facial recognition | No | Yes | No |
| Cold wallet storage | No | Yes | Yes |
| Successful hacker attacks | No | No | No |
Is BloFin a regulated crypto exchange?
BloFin is not currently regulated by any government authority, which is still a common occurrence in the cryptocurrency industry. While this doesn't automatically mean BloFin is unreliable, government-regulated exchanges are generally considered more reliable due to the added oversight and client protection they offer.
Is verification (KYC) mandatory at BloFin?
Yes, KYC verification is mandatory at BloFin. You will need to complete the verification process before you can open an account and access the platform's full range of services.
In which countries is BloFin available?
BloFin complies with international sanctions and regional restrictions. Services are limited or unavailable in the following countries: India, Canada, Singapore, Iran, Islamic republic, Japan, China, Venezuela, Iraq, Lebanon, Libyan Arab Jamahiriya, Syrian Arab Republic, Yemen, Botswana, Tanzania, United Republic Of, Zimbabwe, Namibia, Ethiopia, Jamaica, Zambia, Hong Kong, Afghanistan, Trinidad and Tobago, Brunei, Nepal, Serbia, Somalia, Cameroon, Rwanda, Slovenia, Eswatini, Croatia, Mongolia, Burma, Montenegro, Cambodia, Taiwan, Mozambique, Madagascar, Dominican Republic, Albania, Mauritius, Puerto Rico, Cote d'Ivoire, Laos, Macedonia, Papua New Guinea, Costa Rica, Luxembourg, Malta, Ecuador, Bahamas, Haiti. For the most up-to-date information on regional availability, please contact BloFin support.
Is BloFin available in the USA?
Yes, BloFin is available in the USA. However, availability may vary by state due to local regulations. We recommend checking the official website or contacting support for up-to-date information specific to your location.
BloFin commissions and fees
BloFin received a 7.75/10 score for its trading fees. While BloFin is not the cheapest crypto exchange, the fees remain reasonable and competitive within the market.
- Futures fees below industry average
- Spot fee below industry average
- No deposit fee
- Withdrawal fee may be applied
- P2P fee applied
What are BloFin trading fees?
We analyzed BloFin’s crypto fees and compared them to the top two competitors, both of which hold high average positions in our rankings. To establish a comprehensive benchmark, we also calculated the average fee score based on an evaluation of over 100 cryptocurrency exchanges.
BloFin trading fees vs competitors
| BloFin | Binance | Bybit | Industry average | |
| Spot, maker fee (%) | 0,1 | 0,1 | 0,1 | 0.15 |
| Spot, taker fee (%) | 0,1 | 0,1 | 0,1 | 0.194 |
| Futures, maker fee(%) | 0,02 | 0,02 | 0,02 | 0.024 |
| Futures, taker fee(%) | 0,06 | 0,05 | 0,055 | 0.053 |
What are BloFin deposit and withdrawal fees?
| Deposit fee, % | 0 |
| Withdrawal fee, % | Network fees apply |
Does BloFin offer P2P trading?
No, BloFin does not support P2P transactions. However, you can explore the best alternatives in our dedicated list of top P2P exchange platforms, offering a variety of secure options for peer-to-peer transactions.
Deposit and withdrawal
BloFin received a 2.5/10 rating for its deposit and withdrawal services. BloFin offers limited funding options and may charge fees, which could be inconvenient for many users.
- Many cryptocurrencies for deposits and withdrawals
- No deposit fees
- No PayPal option
- No support for bank card payments
- Bank transfers not available
Deposit and withdrawal options
BloFin supports the following deposit and withdrawal options: Crypto.
BloFin Deposit and withdrawal options vs competitors
What is BloFin minimum deposit?
The minimum deposit at BloFin is 1 USD/USDT or 0,0002 BTC. The minimum trade size is 10 USD/USDT, which also serves as the minimum amount required to start trading on the platform.
BloFin minimum deposit vs competitors
| BloFin | OKX | Kraken | |
| Minimum deposit, USD or USDT | 1 | 10 | 10 |
| Minimum deposit, BTC | 0,0002 | 0,0005 | 0,0001 |
| Minimum trade amount, USD/USDT | 10 | 0,00001 | 1 |
Does BloFin support fiat money?
BloFin supports fiat currency trading and account funding. The following fiat currencies are accepted:
Supported coins & markets
BloFin received a score of 7.5/10 in this category, reflecting a solid selection of tradable assets and markets. BloFin supports 250 cryptocurrencies and basic trading types, although some advanced features or asset diversity may be limited compared to leading exchanges.
- Crypto copy trading available
- Fiat currencies supported
- Crypto futures available
- Yield farming not available
- Only 250 supported coins
BloFin supported coins and markets vs competitors
We compared BloFin with leading exchanges in terms of supported coins, NFT access, and derivatives like futures and options to help users assess the platform’s product range and trading flexibility.
| BloFin | OKX | Kraken | |
| Supported coins | 250 | 329 | 278 |
| Futures/Perpetual contracts | Yes | Yes | Yes |
| Options | No | Yes | No |
| NFTs | No | Yes | Yes |
BloFin passive income options vs competitors
We also compared BloFin with top competitors in terms of passive income opportunities such as staking, farming, and copy trading, to help users evaluate the platform’s earning potential beyond regular trading.
Trading apps & tools
BloFin received a score of 8.5/10 for its trading apps and tools. Its mobile platforms are highly rated on both iOS and Android, delivering smooth performance, advanced charting capabilities, and real-time market data.
- Positive user feedback on the iOS app
- Mobile indicators allowed
- Advanced tools and automation with API
- Advanced charting with TradingView support
- No standalone desktop access
- Advanced orders not available
- No trading bots for traders
Trading apps
BloFin provides web and mobile apps for both Android and iOS users, with an average rating of iOS App Score on the App Store and Android App Score on Google Play. Our review focused on core features important to traders, particularly trading functionality and security tools, to evaluate how convenient and safe the BloFin platform is for mobile use.
| BloFin | Bybit | |
| 2FA | Yes | Yes |
| Face ID | No | Yes |
| Mob Indicators | Yes | Yes |
| Alerts | Yes | Yes |
| Advanced Orders | Yes | Yes |
| Trading with bots | No | Yes |
| API | Yes | Yes |
| Extra trading platforms | No | MT4 |
Does BloFin offer a desktop app?
No, BloFin does not currently offer a desktop app. However, users can access the platform via its web version, which provides more comprehensive functionality compared to the mobile apps.
Does BloFin offer advanced charting with TradingView integration?
Yes, BloFin offers advanced charting through direct integration with TradingView. Users can access TradingView’s full suite of indicators, drawing tools, and multi-timeframe analysis directly on the platform.
Contacts
| Official site | https://blofin.com/ |
|---|
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