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.
Pros & Cons
- 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.
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.
TU Expert Verdict
BloFin demonstrates moderate stability and can suit certain traders. Its conditions are acceptable, and feedback is mixed but reasonable. In my own tests, it performed adequately, though it lacks the consistency of higher-rated companies.
Top-5 Crypto Exchanges Traders Prefer
BloFin User Reviews
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BloFin Commissions and Fees
Score:This category evaluates trading costs and the transparency of deposit and withdrawal charges according to the Methodology. It covers spot and futures trading fees, P2P exchange costs, deposit/withdrawal fees, and tiered fee structures. The assessment ensures that fees are competitive and clearly disclosed, avoiding hidden or excessive costs. Each factor is scored based on defined criteria, contributing to the overall rating.7.8 /10BloFin received a 7.8/10 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 Based on the evaluation of over 100 leading crypto exchanges Spot, maker fee (%) Maker fees are charged when liquidity is added to the order book. This occurs by placing a limit order below the current market price for buy orders, or above the market price for sell orders. 0.1 0.22 0.1 0.15 Spot, taker fee (%) Taker fees are charged when liquidity is removed from the order book. This typically happens when a trade is executed at the market price. 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, % Important! Even if an exchange does not charge fees for deposits and withdrawals, there can also be fees from the payment system or cryptocurrency network used by the user. For example, the network fee for USDT TRC20 is typically around $1. 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.
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Regulation and Safety
Score:Our evaluation encompasses several key factors, including government regulation, two-factor authentication (2FA), cold wallet storage of client assets, investor protection funds, KYC protocol adherence, year of foundation, and history of security breaches. Read more in our Methodology5.8 /10With a 5.8/10 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
- Cold wallet storage
- No successful hacks history
- Not tier-1 regulated
- No facial recognition
- Not U.S regulated
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 Security Factors BloFin Coinbase Kraken Tier-1 regulation NoYesYesGovernment-regulated NoYesYesInvestor protection fund Provides compensation to users in case of financial loss due to unforeseen circumstances on the platform. YesYesNo2FA YesYesYesFacial recognition NoNoNoCold wallet storage The majority of user funds are held offline, reducing vulnerability to online attacks. YesYesYesSuccessful hacker attacks We review publicly available information on past security breaches to assess the exchange's security track record. NoYesNoIs BloFin a regulated crypto exchange? Regulation is crucial for the security and legitimacy of a cryptocurrency exchange. We assess the exchange’s regulatory status and its impact on platform reliability.
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: Coinbase, Kraken, OKX .
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Deposit and Withdrawal
Score:We evaluated the deposit and withdrawal experience, considering several key factors such as the range of available methods, transaction processing speed, minimum deposit requirements, and associated fees. Read more in our Methodology.2.5 /10BloFin 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
- Bank transfers not available
- Withdrawal fee applies
Deposit and withdrawal options
BloFin supports the following deposit and withdrawal options: Crypto.
BloFin Deposit and withdrawal options vs competitors
BloFin Coinbase Kraken Bank transfers NoYesYesBank card NoYesYesCrypto YesYesYesPayPal NoYesYesWhat 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 Coinbase Kraken Minimum deposit, USD or USDT 1 10 10 Minimum deposit, BTC 2 1 1 Minimum trade amount, USD/USDT 10 2 1 Does BloFin support fiat money?
BloFin supports fiat currency trading and account funding. The following fiat currencies are accepted: USD, EUR, GBP.
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Supported Coins & Markets
Score:Evaluates the range of available cryptocurrencies, fiat currencies, and markets, as well as investment tools like staking, farming, and other yield options. Read more in the Methodology section.6.5 /10BloFin received a score of 6.5/10 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 futures available
- Fiat currencies supported
- Staking available
- No TradFi perpetual futures trading
- No tokenized stocks or real-world assets
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 Coinbase Kraken Supported coins 250 400+ 400+ Futures/Perpetual contracts YesYesYesOptions NoNoNoNFTs NoYesYesTokenized Assets Digital tokens representing real-world assets, such as stocks, bonds, commodities, or real estate. NoYesYesTradFi Perps Perpetual futures contracts linked to traditional financial assets, such as stocks, indices, or commodities. NoYesYesPrediction Markets Markets where users trade contracts based on the outcomes of future events. NoNoNoOther Assets NoPre-IPO Forex, IPO 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.
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Trading Apps & Tools
Score:This section evaluates the quality and variety of trading platforms offered by the broker. It considers supported platforms, core features, device compatibility, and the availability of tools for automation, analysis, and different trading styles. Learn more in our Methodology.8.5 /10BloFin 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.
- App data protection with 2FA
- Positive user feedback on the iOS app
- Android app score 5
- 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 Coinbase Kraken 2FA YesYesYesFace ID NoNoNoMob Indicators YesYesYesAlerts YesYesYesAdvanced Orders These are specialized trading features that give users more precise control over how trades are executed. Examples include Stop-Limit, Trailing Stop, and OCO (One Cancels the Other). These tools may only be available on the web version of the platform. YesYesYesTrading with bots NoNoNoAPI YesYesYesExtra trading platforms These refer to third-party platforms supported by the crypto exchange in addition to its own proprietary system. NoNoNoDoes 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.
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Customer Support
Score:We evaluated Customer Support at BloFin based on the availability of live chat, email, phone support, ticket systems, help center resources, 24/7 assistance, multilingual support, and response time. Our assessment focuses on support accessibility and responsiveness. Learn the assessment criteria5.2 /10BloFin offers a moderate level of customer support, covering basic communication channels and assistance options.
In TU testing, the exchange showed mixed results in support accessibility and responsiveness. Certain limitations in contact options, availability, or support resources may make it less convenient for users requiring immediate assistance.
- Multilingual customer support
- Live chat support available
- 24/7 customer support available
- Phone support unavailable
- Email support unavailable
BloFin Support Channels vs Competitors
BloFin Coinbase Kraken Live Chat YesYesYesEmail Support NoNoNoPhone Support NoNoNoTicket System YesYesYes24/7 Support YesYesYesHelp Center / FAQ YesYesYesMultilingual Support YesYesYesContacts Official site https://blofin.com/
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FAQs
How safe is the BloFin cryptocurrency exchange for users?
BloFin has a safety score of 5.8/10, indicating a moderate level of security and regulation. The exchange uses cold wallet storage, two-factor authentication, and an investor protection fund, and it has no history of successful hacks, but it is not government-regulated or tier-1 regulated.
What commissions and fees can traders expect at BloFin?
BloFin has a commission score of 7.8/10, with trading fees that are described as reasonable and competitive. Spot trading fees are 0.1% for both maker and taker orders, while futures trading fees are 0.02% for makers and 0.06% for takers; deposits are free, but network fees apply to withdrawals.
What do user reviews say about BloFin?
BloFin has a user satisfaction score of 6/10 based on 5 user reviews, with 100% of ratings at 3 stars and no 4- or 5-star ratings. Based on available user reviews, overall feedback is mixed rather than strongly positive or negative.
What coins and markets are available on the BloFin crypto exchange?
BloFin has a markets and tradable assets score of 6.5/10 and supports 250 cryptocurrencies with basic trading types. The exchange offers futures and perpetual contracts, staking, copy trading, and fiat currency support (USD, EUR, GBP), but does not provide options, NFTs, tokenized assets, TradFi perpetual futures, prediction markets, or yield farming.
What customer support options does BloFin provide?
BloFin has a customer support score of 5.2/10 and offers live chat, a ticket system, and a help center/FAQ. Support is available 24/7 and in multiple languages, but there is no email or phone support, which may limit options for some users.
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