BloFin Exchange Review 2025 – Is This No-KYC Crypto Platform Right for You?

Feature	Summary
Best for:	Derivatives traders seeking high leverage and copy-trading, without mandatory KYC.
Available in:	150+ countries (major markets like EU/UK) – not available in US, Canada, India, China, etc.
Trading pairs:	400+ cryptocurrencies (spot) and 350+ USDT perpetual futures.
Markets:	Spot, USDT & Coin perpetual futures, Copy Trading, Demo, Staking/Earn, Trading Bots.
Fees:	0.10% maker/taker on spot, 0.02% maker / 0.06% taker on futures (VIP tiers offer deeper discounts).
KYC:	Optional. No KYC required up to $20k/day crypto withdrawals; higher limits or fiat access require verification.
Deposit Bonus:	Up to 10% on first deposit (max $5,000) for new accounts (via affiliate link).

 

What is BloFin?

BloFin is a centralized crypto exchange (registered in the Cayman Islands) focusing on derivatives and high-end trading features. It was founded by industry veteran Matt Hu (named a Top-100 blockchain influencer) and, from the start, aimed to bridge crypto with traditional finance, offering not only spot crypto trading but also futures (perpetual contracts) and unique products. For example, BloFin debuted futures grid trading and leveraged bots, while also running a “Unified Trading Account” linking its users’ spot and futures wallets for seamless transfers.

The asset menu is broad, with over 400 coins/tokens being available for trade on spot markets (from BTC and ETH to meme coins like PEPE, BUSD), while more than 350 USDT-margined futures pairs (and growing) are available for margin trading. BloFin matches these markets with high leverage (up to 150× on most futures), which is among the highest in the industry. 
 

In short, the exchange has positioned itself as an all-in-one advanced trading hub, especially suited for aggressive crypto traders who want leverage, automation, and incentive programs without jumping through hoops like lengthy KYC checks.

 

Is BloFin Safe and Legit?

Security is a major selling point for BloFin as it employs a multi-layered approach where user funds are primarily held in cold wallets by Fireblocks (a major industry custodian), while Chainalysis monitors all on-chain activity for fraud and compliance. Moreover, BloFin is ISO 27001 certified, indicating independent audits of its information-security practices while also providing Proof-of-Reserves (via Merkle-tree verification) so any user can confirm their balance is backed 1:1. On the user side, two-factor authentication (2FA) and anti-phishing codes are available.
 

Importantly, BloFin has also pursued formal compliance as demonstrated by the fact that it holds a U.S. federal MSB license (FinCEN) and a Cayman-compliant fund license. However, it does lack some of the regulatory credentials of giants like Binance or Coinbase, meaning that users from places like the U.S., Canada, China, India, and others cannot sign up (at least without the use of a VPN).

 

Key Features and Products

Spot Trading

BloFin’s spot market covers 400+ coins (major altcoins and emerging tokens) with its spot engine being built on a high-performance matching system for fast order execution. Both market and limit orders are supported, and BloFin’s interface includes TradingView charts and one-click market/stop entries. There is also a third-party fiat gateway where users can buy crypto with credit cards or Apple/Google Pay in 90+ fiat currencies via partners. However, it is important to note that BloFin does not directly support fiat withdrawals, and any cash-out requires sending crypto off-platform and converting elsewhere.

Futures Trading

Perpetual futures are BloFin’s specialty, offering users over 350 USDT-margined perpetual contracts across many assets. To elaborate, traders can use up to 150× leverage on eligible contracts, enabling large exposure with small margin. Futures on BloFin have low fees (0.02% maker, 0.06% taker by default) and a VIP program that can reduce fees to 0.00% maker on high tiers. BloFin also supports a hedge mode (holding long and short simultaneously) and provides funding rate history. Notably, the exchange runs regular futures trading promotions where new users can receive a bonus balance (e.g. up to 100 USDT) to experiment with futures with less risk. Trading bots like the “Signal Bot” can even automate futures trades based on TradingView alerts.

Copy Trading 

BloFin lets users follow ‘Master Traders’ to share their real trades, which ‘copiers’ can then automatically mirror in proportion (fixed amount or fixed ratio) — with the former earning a 10% cut of all profits. Copy-trading is integrated natively into the platform’s interface, with all 350+ futures pairs being eligible for use. Lastly, BloFin ensures copiers can see key metrics (ROI, P&L, win rate) of any master before choosing to go with them. 

Demo Trading

A fully functional demo mode is available for both spot and futures users, which they can activate at any time ( coming preloaded with test USDT to practice trading as well as test bots without any real funds being at risk).  

 

BloFin Earn (Staking)

BloFin provides staking for USDT, BTC, and ETH via its Earn program. It currently supports staking USDT, BTC, and ETH. For example, locking USDT for a year yields roughly 3–4% APY (Fixed 360d), while flexible staking offers lower rates for instant access. Users can switch between flexible and fixed plans.

Rewards & Promotions

BloFin runs an extensive bonus system and issues point-based missions (such as completing tasks like first deposit, trading certain volumes or pairs, referrals, etc). New users, for instance, can claim up to $5,000 in bonus credit by hitting milestones (e.g. deposit $200 → earn $30 bonus, trade $5k → earn $50 bonus in USDT) – points and rewards scale with each successive tier.  
 

Beyond tasks, BloFin’s Activity Center regularly hosts contests, trading competitions, and deposit bonuses (often 10% of deposit). There’s also a generous affiliate program: users can earn up to 50% commission on trading fees from people they refer. The standard referral program gives up to 40% of invitees’ fees back to the referrer. Finally, BloFin Academy occasionally runs learning quests or bonus campaigns.  
 

Mobile App

BloFin provides native apps for Android and iOS. The mobile interface carries the full functionality of the site, i.e. trading, charting, transfers, and even rewards.  For traders, this means that they can monitor positions and place orders anywhere.  

Fees and Limits

BloFin’s trading fees are competitive. By default, spot trades incur 0.10% maker and 0.10% taker fees, matching industry averages (Binance and Bybit also use ~0.10%). Futures fees start at 0.02% maker and 0.06% taker for USDT pairs (again, similar to peers). However, BloFin offers VIP levels to slash fees. High-volume traders (or those holding lots of assets) can reach VIP 1–5 and drop futures maker fees down to 0–0.01%, with taker fees down to 0.04–0.05%. Spot VIP fees can go as low as 0.01% maker/0.03% taker.
 

In practice, new users pay about 0.10% on spot and 0.02–0.06% on futures. Deposits of crypto are free (network fees only). BloFin does not charge for fiat purchases, but third-party providers may add card fees. Withdrawals incur only the blockchain gas fee (no additional exchange fee), which varies by coin and network load. Standard withdrawal limits without KYC are 20,000 USDT per day. To exceed that or to use any fiat services, users must complete identity verification (upload ID and proof of address).  

 

Deposit Bonuses

BloFin offers lucrative welcome bonuses, typically around 10% of the customer’s first deposit (up to US$5,000). They are credited as “bonus funds” and can only be used for trading purposes (i.e. they are not withdrawable). They also frequently come bundled with task-based rewards and trading incentives.
 

How the numbers compare to other top exchanges:

• BTCC – A 10% welcome bonus up to $10,000, with simple eligibility and no complex lock-ins.
• Bitunix – Up to 10% on your first deposit, capped at $8,000, plus ongoing bonus tiers.
• Bybit – Offers tiered deposit bonuses, fee rebates, and periodic promos, though eligibility tends to be tied to account activity and KYC progress rather than instant credit.

Pro’s	Con’s
High-Leverage Trading: Up to 150× futures; 350+ perpetual contracts.	BloFin blocks users in certain countries like the U.S., Canada, India, etc.
No Mandatory KYC: Trade & withdraw crypto (≤ $20k/day) without verification.	No direct USD/EUR deposits/withdrawals (only 3rd-party cards); no P2P/OTC desks.
Wide Asset Choice: 400+ spot coins & 350+ futures, including popular altcoins and memecoins.	Shorter track record as the exchange is relatively new.
Advanced Tools: Copy trading, demo trading, trading bots, unified spot+futures.	No OTC Trading available.
Competitive Fees & Bonuses: Low base fees (0.10%, 0.02/0.06%), plus aggressive deposit/referral promos (up to $5k bonus, 50% affiliate reward).
Strong Security: Fireblocks custody, Chainalysis monitoring, 1:1 reserves, insurance coverage.

 

Is BloFin Right for You?

BloFin is a powerful, derivatives-focused exchange aimed at active crypto traders who want high leverage and rich features. It excels in offering many advanced products (futures, copy bots, demo accounts) and incentives (bonuses, affiliate commissions) while maintaining straightforward (no-KYC) access. If one lives outside certain restricted regions and is looking for high-performance trading with low fees and a strong security foundation, BloFin is a compelling choice — especially given its intuitive interface and 24/7 support.
 

Start Trading Today on BloFin and Get A 10% Deposit Bonus - Create an Account Here
 

Frequently Asked Questions about BloFin

Q: Is BloFin available in the US?

A: No. BloFin excludes residents of the United States (and several other countries) by its terms. It is primarily aimed at international markets.

 

Q: Do I need to complete KYC to use BloFin?

A: Not initially. Users can register and trade crypto (including futures) without verification, and withdraw up to US$20,000 worth per day. KYC is only required if one wants to increase their limits or use any certain specific features.

 

Q: What are the trading fees on BloFin?
A: BloFin’s standard fees are 0.10% maker and 0.10% taker on spot trades, and 0.02% maker / 0.06% taker on futures. These are already quite low but can be reduced even more if active traders sign up for the platform’s VIP program.

 

Q: How many cryptocurrencies can I trade on BloFin?

A: Over 300. The exchange supports a wide variety of coins for spot trading (from BTC/ETH to new tokens). It also offers 350+ USDT-margined futures pairs with high liquidity.

 

Q: Can I buy crypto with a credit card on BloFin?
A: Yes. BloFin partners with third-party services so you can buy crypto (using 90+ fiat currencies) via credit/debit card or Apple/Google Pay. Note that fiat withdrawals are not supported directly.

 

Q: What is BloFin Earn? Can I stake?
A: BloFin Earn lets users stake crypto for interest. Currently, anyone can deposit USDT, BTC, or ETH into fixed or flexible savings plans for which yields start accumulating the very next day. Flexible plans have instant redemption (with lower APY), while fixed-term locks (e.g. 30/90/360 days) yield higher rates.

 

Q: Does BloFin have a mobile app?
A: Yes. BloFin offers mobile apps on Android and iOS. They provide the full trading experience (spot, futures, copy-trade, etc.) in a mobile interface.  

 

Q: Is BloFin safe to use?
A: BloFin employs strong security measures (cold storage via Fireblocks, Chainalysis analytics, 2FA, proof-of-reserves, etc.) and has never been hacked to date. That said, it’s a newer exchange, so it is best to employ standard safety practices (like not leaving funds idle) and start with smaller amounts until one is totally comfortable with the platform.

 

Q: How can I get BloFin’s welcome bonus?
A: New users can often unlock a deposit bonus (typically 10% of their first deposit, up to a certain cap) by signing up through a promotional link.  

 

Q: Does BloFin support copy trading?
A: Yes. BloFin has a built-in copy trading feature where users can follow experienced traders (“Masters”) and automatically mirror their trades. Master Traders are vetted and take a 10% fee from copier profits.

 

Q: How can I contact BloFin support?
A: BloFin provides 24/7 customer support via email and live chat (multiple languages). There’s also a detailed help center and FAQ section on their site.