BloFin Review 2025 – Is This Crypto Exchange Safe and Legit for You?

BloFin is a crypto exchange where you can buy, sell, and trade cryptocurrencies. It started in 2023 and offers both spot and futures trading with over 400 coins and up to 150x leverage. The best features of the BloFin exchange include low trading fees, no KYC trading, perpetual futures contracts with up to 50x leverage, copy trading, and strong security. It also supports over 150 countries and works well on mobile and desktop.

In this BloFin review, we will explain what the BloFin exchange is and highlight its key features, trading options, and supported countries. We will also cover whether BloFin is safe and legit, the pros and cons, trading fees, and how you can create a new account step by step.

What Is BloFin? Everything You Need to Know About This Platform

BloFin is a centralized cryptocurrency exchange launched in 2023 and registered in the Marshall Islands. There are many different advanced trading features on BloFin. These include spot trading, where you can buy and sell cryptocurrencies directly, and futures trading, which is a significant part of what’s offered. For futures trading, over 350 pairs can be traded with USDT.

The BloFin exchange also offers copy trading, allowing you to automatically replicate the trades of top traders. If you’re a beginner or simply want to learn, demo trading mode is also available. The platform is accessible from your computer or mobile apps for iPhones and Android devices. Multiple cryptocurrencies are supported for trading. Well-known ones such as Bitcoin (BTC), Ethereum (ETH), and XRP are included, as well as many others. The platform has more than 400 cryptos available for spot trading and over 350 for futures. Plus, high leverage, up to 150x, is available.

The BloFin crypto exchange is also very serious about security. Many different strategies are employed to secure user funds, including having most assets in cold storage, i.e., they are kept offline and are harder to hack. The platform partners with companies like Fireblocks for secure asset handling and Chainalysis for checking transactions to ensure everything is legitimate and safe. BloFin has also received an ISO 27001 certificate, a formal international standard for information security management.

Customer support is available around the clock, 24/7. You can get in touch via email if you have any questions or run into problems. Plus, there is a comprehensive help center with FAQs and user guides.

Open a BloFin account now and get access to futures, spot trading, and powerful tools – all with low fees and a safe trading environment.

Is BloFin Legit and Safe?

Yes, BloFin is a legitimate and safe cryptocurrency exchange. It has established a number of security features to demonstrate its genuineness and safeguard users’ funds and data.

So, is BloFin safe? Firstly, BloFin works with well-known companies for security. For instance, it employs Fireblocks for securing user funds. Fireblocks is a highly reliable firm within the cryptocurrency space that keeps digital assets safe in so-called “cold storage” wallets. Hence, most of the funds are offline and safe from online hacks, which makes it more difficult for hackers to access them.

BloFin also says it has liability insurance coverage through Fireblocks, which can help in case something goes wrong on their side. Chainalysis is another major partner. BloFin utilizes Chainalysis’ software to analyze transactions in real-time. This is very helpful in finding and stopping illegal activities like money laundering or fraud.

BloFin also got an ISO 27001 certification. This is a global standard for the way businesses protect their information security. To have this certificate means an independent group has checked BloFin’s systems, how it handles data, and its risk management, and found that they meet high security levels.

To ensure that they actually do maintain user funds, BloFin employs a Merkle tree verification system. This allows users to check that their own account balances are included in the exchange’s total holdings without showing private details. Basically, it shows that the exchange is solvent with 1:1 user funds. At the user level, BloFin provides two-factor authentication (2FA) and anti-phishing codes. These are necessary for protecting individual accounts from unauthorized access.

Even though BloFin launched its main exchange service in 2023, it has been getting good reviews for its performance and speed. It has also received investments from big firms like KuCoin and Matrix Partners, which shows some level of trust from the industry. It is also in the process of obtaining additional licenses to operate across other countries, such as Hong Kong, Singapore, and Canada.

What Are the Pros and Cons of BloFin?

Pros of BloFin

The pros of BloFin are fast and stable performance, strong security, many trading options, an easy-to-use interface, low trading fees, and good customer support.

• Fast and Stable Performance: BloFin is quite fast, such as for loading web pages and opening its mobile app. This makes it easy for traders to access the platform instantly without delay. This good performance provides a seamless experience, even when there are a lot of people trading actively.
• Robust Security: BloFin cares a lot about keeping your money safe. It is ISO 27001 certified. They also work with reputable firms such as Fireblocks for secure asset custody and Chainalysis for monitoring transactions. Plus, BloFin holds a 1:1 reserve of customer funds.
• Multiple Trading Options: You will find many advanced trading tools on BloFin. It offers over 350 USDT-M trading pairs for futures contracts, and it also supports regular spot trading for buying and selling cryptocurrencies directly. You can use high leverage, up to 150x, for futures trading. Plus, they offer copy trading, where you can easily follow and copy trades from experienced investors.
• Simple to Use Interface: BloFin’s platform is simple and easy to use, both for new and advanced traders. It has a “Unified Trading Account” that allows you to control your spot and futures trading activities in one single interface.
• Low Trading Fees: BloFin offers competitive fees. They also occasionally do special promotions, like giving 0% maker fees and a 50% discount on taker fees. And, if you sign up using some of their referral codes, you may also receive extra discounts, such as a 20% discount on trading fees, so your trades become even cheaper. The standard fee is 0.1% maker/taker, similar to other exchanges like Binance and Bybit.
• Good Customer Support: In case you have doubts or encounter issues, BloFin provides customer support that is available 24/7. Knowing that assistance is always available through channels like email can give users peace of mind while trading.

Cons of BloFin

The cons of BloFin are unclear regulations, limited fiat withdrawal options, and no P2P or OTC trading.

• Unclear Regulations: While BloFin mentions compliance, it doesn’t always clearly display specific licenses from major financial regulatory bodies. This can be a concern for particular users who want to trade on heavily regulated platforms by official institutions to guarantee strict consumer protection.
• Limited Fiat Withdrawal Solutions: Though you can easily deposit money into BloFin using many traditional currencies like USD or EUR through various third-party payment providers, the options for withdrawing money back into fiat currency seem more limited. Typically, withdrawals are supported in cryptocurrency only.
• No OTC or P2P Trading: BloFin offers various trading features but does not support Peer-to-Peer (P2P) trading or Over-The-Counter (OTC) trading at present. In case you are used to these particular styles of trading, BloFin may not be the best for you.

What Countries Does BloFin Support and Restrict?

BloFin is available in 150+ countries. This includes major regions like the EU and the UK. They offer their service in different languages, such as English, Spanish, French, Turkish, Russian, and Polish, so people from many parts of Europe, Asia, Africa, and Australia can use it easily. You can also put money into your account using 30 different fiat currencies, not just crypto.

However, there are some countries where you can’t use BloFin. This means people in these places can’t sign up or use any of BloFin’s services. The BloFin restricted countries include Afghanistan, Bangladesh, China, North Korea, Iran, India, Canada, Russia, Singapore, the United States, Yemen, and Zimbabwe, among others. 

According to BloFin’s terms and service page:

The BloFin Platform may not be accessed or used by individuals and/or legal entities that is resident of, or domiciled in a Restricted Location. In this connection, “Restricted Location” shall include the Marshall Island, Afghanistan, Angola, Bangladesh, Belarus, Burundi, Cameroon, Central African Republic, the Peoples’ Republic of China, Cuba, Côte d’Ivoire, the Democratic People’s Republic of Korea, the Democratic Republic of the Congo, Eritrea, Ethiopia, Guinea Bissau, Guinea, Haiti, Iran, Iraq, India, Lebanon, Liberia, Libya, Mali, Nicaragua, Myanmar, Canada, Russian-controlled regions of Ukraine (currently including the Crimea, Donetsk, and Luhansk regions), Rwanda, Sevastopol, Servia, Sierra Leone, Somalia, South Sudan, Sudan, Suria, the Republic of Singapore, Trinidad and Tobago, United States of America, Venezuela, Yemen, Zimbabwe, and such other jurisdictions as designated by BloFin from time to time, in its sole discretion as a “Restricted Location”.

Key Features of BloFin That Make It Stand Out

The key features of BloFin are diverse trading options, low trading fees, no-KYC requirement, 150x leverage trading, copy trading, automated trading bots, and staking rewards.

1. Multiple trading options: BloFin has multiple options to trade crypto. You can engage in “spot trading,” and they also have “futures trading” with more than 350 USDT-M trading pairs. It also provides trading bots, copy trading, and demo trading services.
2. Low trading fees: For regular users (Non-VIP), spot trading fees are 0.1% for both maker and taker orders. For futures trading, Non-VIP users pay 0.02% as a maker fee and 0.06% as a taker fee. When you trade high volume, you can become a VIP and enjoy even lower fees, such as 0% maker fees for futures at the VIP 5 level.
3. No KYC trading: BloFin lets you begin trading without needing to fulfill “Know Your Customer” (KYC) identification verifications immediately. This is to say that you do not have to provide your personal identification upon initial registration. For non-KYC basic (Level 1) accounts, you can withdraw 20,000 USDT per 24 hours, and there are no restrictions on futures trading. 
4. 150x leverage trading: BloFin allows you to trade with extremely high leverage, i.e., up to 150 times your capital. This indicates that you can have control over a much larger quantity of crypto with a smaller capital. 
5. Copy trading: With BloFin’s copy trading account, you can simply copy what experienced traders do. You can select a “Master Trader” whom you prefer, and their trades will be replicated in your account. This is best for those who are beginners at trading or don’t have a lot of time to learn about the market on their own. You can specify a specific amount or a ratio for how much you wish to copy each trade.
6. Trading Bots: BloFin offers grid trading bots that can automatically trade for you. These bots can execute based on predefined rules or trading strategies that you provide. For instance, they can buy or sell crypto once certain price conditions are reached. 
7. Staking: BloFin has “staking,” where you can earn rewards by holding your crypto. You can opt for “flexible” staking, which allows you to withdraw your crypto at any time but with a lower yield (e.g., 1.17% APY on ETH). Or opt for “locked” staking for a duration to earn a higher yield. This is making passive income on your crypto holdings.

All You Need to Know About BloFin Fees

BloFin charges competitive trading fees, such as 0.1% maker/taker spot trading fees and 0.02% maker and 0.06% taker futures trading fees. Here is a quick overview of its general trading fees, time-limited discounts, and VIP fee tiers:

General Trading Fee

The general spot trading on BloFin is based on a maker-taker model, where both maker and taker fees for non-VIP users are 0.10%. This means you pay the same fee whether you’re adding liquidity to the market or taking it. For futures trading, non-VIP users need to pay a 0.02% maker fee and a 0.06% taker fee.

Trade smarter with BloFin – enjoy top security, low fees, deep liquidity, and user-friendly tools for both beginners and experienced traders.

Time-Limited Discount

Sometimes, BloFin offers special deals and discounts on trading fees. These are usually for a limited time and can help you save more money. For example, some promotions have offered 0% maker fees and 50% off taker fees during specific events. Currently, it is offering 0% maker and 0.03% taker fees for perpetual futures contracts such as DOGEUSDT, BTCUSDT, LINKUSDT, TRBUSDT, and more.

VIP Fee Tier

BloFin has a VIP program where you can get lower fees if you trade more or hold a lot of assets. The more you trade or the more crypto you have on the platform, the higher your VIP level will be, and the less you will pay in fees.

Here’s how the VIP tiers and their futures trading fees generally look (these numbers can change, so always check the official BloFin fee page):

What to Notice When Trading on BloFin

You need to consider three criteria when trading on BloFin: 30-day trading volume, your total assets on the platform, and maker/taker orders.

30-Day Trading Volume (USDT)

This is the amount you’ve traded in total over the past 30 days, expressed in USDT (a stablecoin pegged to the US Dollar). Provided your trading volume meets a certain threshold, you will be upgraded to a superior VIP level. For example, to achieve VIP 1, you will require a 30-day futures trading volume of 10 million USDT or more.

Total Assets

Total Assets is the overall amount of cryptocurrency you have in your BloFin account, also expressed in USDT. If you have a lot of cryptocurrency, you may also be eligible for a higher VIP rank. For example, to be VIP 1, you may need to have a minimum of 50,000 USDT in total assets.

Makers and Takers

Maker fees are charged when you put in an order that is not filled immediately. For instance, if you put in a limit order to purchase Bitcoin at a price less than the current price, your order lies on the “order book”. Once another person sells to your order, you are considered the maker. BloFin charges makers a low fee since they contribute to making the market more liquid. For a regular user (Non-VIP), the maker fee for spot trading is 0.10%, and for futures trading, 0.02%.

Taker fees are charged when your order gets executed instantly by a current order in the order book. For instance, by executing a market order to purchase Bitcoin currently at the best available price, you are removing liquidity from the market. Taker charges are typically slightly greater as you immediately execute your trade. As a basic user (Non-VIP), the taker fee for spot trading is 0.10%, and for futures trading is 0.06%.

How to Create a New BloFin Account?

To create a new BIoFin account, you need to sign up using your email and create a password, deposit funds, and start trading.

Step 1: Sign up for a BloFin Account

The first step is to visit the official website of BloFin. To do that, open your browser and type in “blofin.com”. After you’ve visited, look for a “Sign Up” button. Click that. You’ll then see a sign-up form to complete. You can register using your email or your mobile number. Choose one that you want. Next, you will have to set a secure password. Ensure that it’s something that you will remember but also extremely secure, such as a combination of uppercase letters, lowercase letters, numbers, and special characters. 

There is also a field for a BloFin referral code. If you have one, you can enter it here and get a free crypto sign-up bonus of up to 5,000 USD. Once you have entered your details, accepted their conditions, and then click to complete the registration process. You will receive a verification code via your phone or email to activate your account creation. Simply enter that code in the box provided on the site.

Step 2: Deposit Funds

When your account is ready, you’ll have to fund it so that you can start cryptocurrency trading. Find a “Deposit” button on the BloFin website. You can deposit crypto directly if you already have some crypto in another wallet. For this, you need to select the cryptocurrency you want to deposit (like USDT or Bitcoin), and BloFin will give you a unique wallet address. You’ll then send your crypto from your other wallet to that address.

Step 3: Start Trading

To get started, you can visit the “Markets” page on the website. You’ll be provided with a list of various crypto pairs you can trade, such as BTC/USDT (Bitcoin vs. USDT). You have to select the pair you wish to trade. 

Next, you can select various order types, such as a “Market Order” to buy or sell immediately at the best possible price, or a “Limit Order” to specify a particular price you wish to buy or sell. Now, enter the amount of crypto you want to trade and confirm your order. You can also explore features like “Copy Trading,” where you can automatically copy the trades of experienced traders.

FAQs

Is BloFin Exchange a Scam?

No, BloFin Exchange is not generally seen as a scam. It’s a real cryptocurrency exchange that started in 2023. They offer different types of trading, like spot and futures, and they also have insurance for customer assets, which is really a good sign for security. They also have safety measures such as 2FA, anti-phishing codes, PoR data, and more.

Who Should Use BloFin?

BloFin is good for different types of crypto traders. It’s especially useful for people who want to trade futures contracts because it offers high leverage, up to 150x. Also, it’s a choice for traders who care a lot about their privacy since it often allows trading without needing full identity checks (KYC). It also has spot trading and copy trading features, which can be helpful.

Does BloFin Require KYC?

No, BloFin does not always require KYC for basic activities. You can open an account, deposit, trade, and withdraw money up to a certain limit without giving your personal ID documents. To be exact, you can easily withdraw up to 20,000 USDT daily without KYC. But if you want to withdraw larger amounts, like 1,000,000 USDT daily, or use all features like depositing fiat currencies, then you will need to complete your KYC.

What Countries Are Restricted by BloFin?

BloFin restricted countries are Afghanistan, Bangladesh, China, North Korea, Iran, India, Canada, Russia, Singapore, the United States, Yemen, and Zimbabwe, among others.

Discover why BloFin is gaining popularity – sign up to trade crypto easily with strong features, fast transactions, low fees, and global customer support.