BloFin Review 2026
Learn more about TU’s methodology
- $1
- Web platform
- BloFin apps
- High leverage for derivatives, active trading and passive investing
Our Evaluation of BloFin
Learn more about TU’s methodology
BloFin is a moderate-risk cryptocurrency exchange with the TU Overall Score of 6.41 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.
How we tested BloFin
Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
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 Verdict
Chief Analytics Officer
BloFin is a centralized cryptocurrency exchange launched in 2019 that provides access to trading more than 250 coins, including spot and derivatives markets with leverage up to 1:150. The platform supports web and mobile trading, offers advanced charting through TradingView, and enables strategy automation via API, appealing to both experienced users and developers. BloFin integrates Fireblocks security technology, enforces mandatory KYC, and incorporates a VIP fee discount system, while active traders can benefit from staking and copy trading opportunities.
However, a notable drawback is that BloFin is not regulated by any government authority, which means users lack the added legal safeguards offered by Tier-1 regulated exchanges. Additional disadvantages include restricted access for users in certain countries, limited deposit and withdrawal methods with the absence of bank transfers and card payments, a relatively small selection of tradable coins compared to competitors, and no standalone desktop application. The exchange is suited to experienced crypto traders and those seeking derivatives markets but may not be ideal for those prioritizing strong regulation, fiat funding options, or simplicity.
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 |
| 💼 Copy Trading: | 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
Regulation and Safety
With a 5.75/10 score, BloFin demonstrates a moderate level of security and regulation. While the platform meets basic safety standards, it may not offer the same level of protection as higher-rated exchanges.
- 2FA
- Investor protection fund
- No successful hacks history
- Cold wallet storage
- Not U.S regulated
- Not government-regulated
- Not tier-1 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 | Kraken | Coinbase | |
| Tier-1 regulation | No | Yes | Yes |
| Government-regulated | No | Yes | Yes |
| Investor protection fund | Yes | No | Yes |
| 2FA | Yes | Yes | Yes |
| Facial recognition | No | No | No |
| Cold wallet storage | Yes | Yes | Yes |
| Successful hacker attacks | No | No | Yes |
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.
Is BloFin available in the USA?
BloFin is not available in the USA due to regulatory restrictions. In some cases, access might differ by state, so we recommend confirming details with the platform’s support or checking the official website for the latest updates.
You may also consider the top 3 exchanges that are available in the USA and rank highly based on our methodology: Kraken, Coinbase, OKX .
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 | Nexus Trade | CoinMetro | Industry average | |
| Spot, maker fee (%) | 0.1 | 0.22 | 0.1 | 0.15 |
| Spot, taker fee (%) | 0.1 | 0.22 | 0.2 | 0.194 |
| Futures, maker fee(%) | 0.02 | 0 | 0 | 0.024 |
| Futures, taker fee(%) | 0.06 | 0 | 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.
- No deposit fees
- Many cryptocurrencies for deposits and withdrawals
- Withdrawal fee applies
- No support for bank card payments
Deposit and withdrawal options
BloFin supports the following deposit and withdrawal options: Crypto.
BloFin Deposit and withdrawal options vs competitors
| BloFin | Kraken | Coinbase | |
| Bank transfers | No | Yes | Yes |
| Bank card | No | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| PayPal | No | Yes | Yes |
What is BloFin minimum deposit?
The minimum deposit at BloFin is 1 USD/USDT or 2 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 | Kraken | Coinbase | |
| Minimum deposit, USD or USDT | 1 | 10 | 10 |
| Minimum deposit, BTC | 2 | 1 | 1 |
| Minimum trade amount, USD/USDT | 10 | 1 | 2 |
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.
- Fiat currencies supported
- Crypto futures available
- Staking available
- Only 250 supported coins
- Yield farming not available
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 | Kraken | Coinbase | |
| Supported coins | 250 | 278 | 249 |
| Futures/Perpetual contracts | Yes | Yes | Yes |
| Options | No | No | 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
- App data protection with 2FA
- Advanced tools and automation with API
- Advanced charting with TradingView support
- No Face ID
- No trading bots for traders
- Advanced orders not available
Trading apps
BloFin provides web and mobile apps for both Android and iOS users, with an average rating of 4.7 on the App Store and 5 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 | Kraken | Coinbase | |
| 2FA | Yes | Yes | Yes |
| Face ID | No | No | No |
| Mob Indicators | Yes | Yes | Yes |
| Alerts | Yes | Yes | Yes |
| Advanced Orders | Yes | Yes | Yes |
| Trading with bots | No | No | No |
| API | Yes | Yes | Yes |
| Extra trading platforms | No | No | No |
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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