BloFin logo
Exchange review
CEX (Spot), CEX (Derivatives) Active

BloFin

Founded 2023

Best for

Experienced crypto traders looking for perpetual futures, spot trading, copy trading, and flexible KYC options in supported jurisdictions.

Summary

BloFin is a centralized exchange for spot trading, founded in 2023. It uses basic identity checks, supports fiat onramps, and has unclear proof-of-reserves disclosure.

Quick snapshot

KYC
Basic
Fiat onramp
Available
Support
Live Chat, Support Tickets
Proof of reserves
Not clarified
Base fees
10.00 / 10.00 bps

Brokerate score

75 / 100

The score reflects the published trust, fees, transparency, and support signals we could verify on this profile.

Founded
2023
Check official site

Use the official site to confirm live fees, regional access, and reserve reporting before funding an account.

Quick evaluation

A fast read on the main decision areas before the detailed profile sections.

Security

3 security controls are listed, including Two-factor authentication and Anti-phishing code.

Fees

Base maker and taker fees are listed at 10.00 / 10.00 bps. Deposit and withdrawal fee policies are disclosed.

KYC & fiat

Basic KYC is listed, fiat onramp is available, and support is available via Live Chat, Support Tickets.

Transparency

Proof-of-reserves support is not clarified. No recent reserve report date is listed.

Pros

  • Fiat onramp is available.
  • Support channels include Live Chat, Support Tickets.
  • Derivatives markets are listed.

Cons

  • Proof-of-reserves support is not clarified.
  • No 24/7 support is listed.

Full exchange details

Overview

Company profile

HQ country

—

Founded 2023

KYC level

Basic

Fiat support

Available

Currencies: USD, GBP, CAD, AUD, CHF, EUR

Access & funding

Support channels

Live Chat, Support Tickets

Hours not listed.

Proof of Reserves

Not clarified

Fee snapshot

10.00 / 10.00 bps

Deposit and withdrawal policy disclosed.

Transparency

Proof of Reserves

Not clarified

Proof-of-reserves support is not clarified in the profile.

Assets proof

Not clarified

Last report

Not listed

Liabilities proof

Not clarified

No named auditor or method disclosure is listed.

Security & trust

Account protection signals disclosed in the profile and the latest trust context we could verify.

Status
Active
Confidence
75/100

High-impact protections

2 of 4 higher-impact protections are listed, including Two-factor authentication and Anti-phishing code.

Listed

2/4

Two-factor authentication

Listed in the profile

Yes

Hardware 2FA

Not disclosed in the profile

No

Withdrawal whitelist

Not disclosed in the profile

No

Anti-phishing code

Listed in the profile

Yes

Additional checks

Session management
Yes
Bug bounty
No
Public pentest
No
Insurance disclosed
No

Fees & policies

Trading fee disclosure, tier schedules, and any related policy notes in the profile.

Base maker and taker fees are listed at 10.00 / 10.00 bps.

3 fee policy notes are listed.

Maker fee
10.00 bps
Taker fee
10.00 bps

Fee policy details

Deposit fees policy

BloFin does not generally charge an exchange fee for cryptocurrency deposits. Network fees may still apply when transferring assets from an external wallet or platform. Copy

Withdrawal fees policy

Cryptocurrency withdrawals are subject to asset- and network-specific fees. The applicable fee is displayed before withdrawal confirmation and deducted from the withdrawal amount. Fees and minimum withdrawal requirements vary by token and network. Copy

Fee notes

Standard spot trading fees are 0.10% for both makers and takers (10 bps). Standard futures fees are 0.02% maker (2 bps) and 0.06% taker (6 bps). VIP discounts and promotional rates may apply. Perpetual futures positions may also incur funding payments, which are separate from trading fees. Copy

Incidents

Publicly documented incident history in our current dataset.

No publicly documented incidents found in our current dataset.

Absence of incidents in this dataset is not a guarantee of safety or uninterrupted operations.

Product context

Listed product coverage and short editorial background for deeper comparison.

Coverage

Spot trading Futures Perpetuals Staking & Earn Copy trading API (REST) API (WebSocket)

Background

BloFin is a centralized cryptocurrency exchange launched in January 2023, initially focusing on derivatives trading before introducing spot markets in January 2024. The platform offers cryptocurrency spot trading, perpetual futures, copy trading, and additional trading tools. It...

Read full background

BloFin is a centralized cryptocurrency exchange launched in January 2023, initially focusing on derivatives trading before introducing spot markets in January 2024.

The platform offers cryptocurrency spot trading, perpetual futures, copy trading, and additional trading tools. It is primarily aimed at users who want access to derivatives markets and more advanced trading features.

BloFin publishes a Proof of Reserves (PoR) system that allows users to verify their assets against the exchange's reported reserve data. However, Proof of Reserves alone does not establish that an exchange is financially sound or eliminate counterparty risk.

The exchange supports certain cryptocurrency trading and withdrawal activities without full identity verification, subject to account limits and compliance reviews. Higher withdrawal limits and some fiat services require additional KYC verification.

BloFin also offers cryptocurrency purchases through selected fiat payment methods, including bank cards and SEPA transfers, depending on regional eligibility.

Important considerations: BloFin restricts access from several jurisdictions, including the United States, Canada, and Iran. Futures trading involves significant liquidation risk, and users should independently assess the platform's legal status, security measures, fees, and withdrawal conditions before depositing funds.

Why should this article be recommended to others?

  • Spot and perpetual futures trading
  • Copy trading features
  • Public Proof of Reserves
  • Limited trading without full KYC
  • Multiple fiat purchase methods
  • Mobile trading applications

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