BloFin
low trust · scored on blocks worth 85 of 100 points
Affiliate link: we may be paid. It does not affect the score. 18+ only.
What people say
Ratings from our readers and fresh reviews from the exchange app's users.
Freekonomist readers' ratings
Give the exchange 1 to 5 stars and say briefly why. One rating per account, you can change it. Not part of the score.
App Store reviews
Latest 40 reviews: ★ 2.4 on average, complaints (1–2 stars) 65%. 🇺🇸 🇦🇺 🇨🇦 🇬🇧 🇳🇬
Great Platform
Buying spot and placing a low/high leverage trade is easy
Play2Earn Vetting4Truth · 🇺🇸 2026-09-27 · App Store ↗Unusable
Unable to even login using the email and password for the account that I use with my laptop. I enter the email address, the login button becomes orange but does not respond to being tapped.
Honest Jon. · 🇦🇺 2026-09-26 · App Store ↗Straight forward
BloFin was one of the only exchanges to not go down during 2025 crash
Steve09972 · 🇨🇦 2026-09-23 · App Store ↗Exceptionnally bad customer service
Never seem something like it
Samnum1 · 🇨🇦 2026-09-04 · App Store ↗Show all reviews (40)
Blowfin developer
This app is not safe the workers or developers are constantly monitoring and using your data to make trades so this app is stealing from you They are manipulating the market by knowing what’s your move Very bad I do not recommend this platform
Pete 135 · 🇺🇸 2026-08-30 · App Store ↗Fantastic
Doesn’t have that dumb lag that most exchanges have, really nice to use
TheRealJesus89 · 🇬🇧 2026-08-30 · App Store ↗3 Forced liquidations in one hour
Strongly recommend against trading on it. High fees to open positions and withdrawal. 3 full liquidations in one day on isolated. Was trading simultaneously with another exchange where my SL worked properly all three times. System is too slow. Customer support argued the price hit my SL and liquidation at the same time. Makes no sense….
AdaptingOrange · 🇺🇸 2026-08-23 · App Store ↗The back end of the exchange is rigged
On the back end of the inner workings of this exchange are rigged to scam you out of your position.. variability and odds are not a factor when the exchange can rig you to lose.
Trollisaurus · 🇺🇸 2026-08-17 · App Store ↗fire app
always using this on the go i do not actually trade on the app more so on pc but monitoring my trades for my invalidation and quick closes fire ngl scoop btc at 60k and lower boys
xbexys · 🇺🇸 2026-07-06 · App Store ↗Ángel
Llevo 2 años e esta plataforma y ha sido una excelente experiencia nunca he tenido un solo problema y es muy fácil de operar muy recomendable
Angel Luis Alvarez · 🇺🇸 2026-06-29 · App Store ↗Warning
If you are getting this to margin trade. I warn you. When you buy its starts you like 10% in the red immediately. Also their buy and sell triggers don’t work ever. Stop losses are just bypassed completely or buy orders to cover downtrends are filled 2% of what I would put in. Therefore I’d be liquidated with plenty of money in there for back up. Just want to warn people. This is the worst trading platform I’ve ever used.
jajajskdj · 🇺🇸 2026-06-21 · App Store ↗Ehh
Decent for futures minimal tools. Horrible for Spot. Spot is the reason I wrote this review. Orders barely get filled at your price and while price action is at your targeted price.
Daddyninga · 🇺🇸 2026-05-14 · App Store ↗Can’t win
I know I’m not that bad at trading. You can’t EVER have a position go your way anymore on this exchange. As soon as your trade is in the green it goes back into red. When you change positions it goes back up again. Kinda suspicious when you go long or short and the market trades against you. Yes I understand volatility but why does it react to whatever direction I am trading? Because the game is rigged. No point in using this app if all it’s going to do is liquidate you everytime. I can find better ways to waste my money. Don’t give your money to these people they have it rigged for sure. Wouldn’t be surprised if Donald Trump is somehow behind it with all his insider trading. I used to make
Venusinfurrrs · 🇺🇸 2026-04-05 · App Store ↗Basically stole my funds
I transferred some bitcoin from the Kraken app but I can’t make any trades with it. I’m not sure what the problem is. The app is terribly confusing to navigate.
Karenhahaha! · 🇺🇸 2026-03-21 · App Store ↗Restricted area
I can’t access the app. It keeps saying my ip is in a restricted area when i have already made deposits. Pls let me withdraw my funds if i can’t use the app.
Lulus2023 · 🇳🇬 2026-02-01 · App Store ↗Scammers.
They liquidated the account and stole my money.
User1234_t · 🇺🇸 2026-01-30 · App Store ↗Nothing makes sense.
Most unfriendly user experience. It’s like Gen Z from another country created this. Probably won’t put any of my time or money in it since the entire experience has been nothing but frustrating.
Meeoh my · 🇺🇸 2026-01-24 · App Store ↗Good app for futures trading/perps
Good app. Just make sure you know what your doing if your futures trading. It’s very risky. But if you have good strategy you can win a lot.
Jakefr00 · 🇺🇸 2026-01-20 · App Store ↗They will rip u off
With the fees and manipulation, and share your buy orders and stop loss with other exchanges. Using high leverage they would wipe your portfolio within days
Mo-777 · 🇺🇸 2026-01-15 · App Store ↗Horrible
They don’t let me to withdraw my funds. Stay away from this scam! I contacted their support and they just ignored my ticket for 1 week
йцшушк · 🇺🇸 2026-01-06 · App Store ↗Withdrawal
I'm trying to withdraw its keep showing this phone number may pose a risk
3555dehmkk · 🇳🇬 2026-01-04 · App Store ↗I was just restricted from selling and liquidated on a coin that I was trading for hours.
I shorted it no issues, bought back in as it was going up and it allowed me and literally a few seconds later I try to sell because it’s going back up and it kept saying success but canceling my order. How can I be allowed to buy into something but I cannot sell and it liquidated my account. That is ridiculous. If they can fix this issue I will update my review,until then I was robbed. This is ridiculous.
Sebastian px · 🇺🇸 2026-01-01 · App Store ↗Awesome trading platform
Lots of bonuses available for crypto traders, easy readable charts and constant new coins being launched. My favorite ever since Kucoin Bitmart and lots of those went not available in my region anymore. Great referral rewards also.
hdheiwj · 🇺🇸 2025-12-14 · App Store ↗bug
i was trading once and i litterly had 3 trades that made me easy $850 and all of sudden 1 had to close the trades and it said something went wrong and did not let me close the trade my investment was $300 $100 into each trade in total made up to $850 i got screenshots too when it kept telling me that i can’t close the trade due to an error i reported to the live support and they did not do anything about me loosing all my money completely useless
GT8666 · 🇺🇸 2025-12-01 · App Store ↗Alerts! Finally
So happy they finally added price alerts—-that was the main thing sorely missing from this otherwise very good trading platform. SUGGESTION: it would be amazing if we were able to add notes to our alerts—no exchanges seem to allow this!! NOW, if they could only adjust their bandwidth so that transactions wouldn’t time out during heavy price action!! I missing out on greater profits during the recent 20% BTC dive….wouldn’t let me close my short at the bottom until it had already started to recover—sale kept timing out until BTC was a couple thousand higher. Frustrating…
buppy mcfoo · 🇺🇸 2025-11-02 · App Store ↗No kyc
Great exchange. KYC free which makes it a lot better and overall very good exchange highly recommended everything is perfect
usman12345044 · 🇬🇧 2025-10-20 · App Store ↗Amazing to use
Great app, super easy to use! Super recommend
RafRlllll · 🇬🇧 2025-10-12 · App Store ↗Leverages
Don’t use this app on cross leverages because everytime funding goes to -1% you can never close your positions I’m writing this post while 4R up and trying to close my position market , stop losses up not triggered , TP’s set not triggered and all it says is cancelled good luck stay safe from this scam website because this is 4th time this has happened in 4 months of trading on it , myx , pump fun , coai , bless , all coins that have trying liquidating me on
Danc8989 · 🇬🇧 2025-10-12 · App Store ↗Happy so far
Amazing overall. However, not as much rewards compared to bitunix but their interface doesn’t crash or give problems as much as bitunix does
Babooulldog · 🇬🇧 2025-10-08 · App Store ↗DO NOT COPY TRADE
This app will not last long and I hope the creators get in trouble because it is a scam.
Zeromus_HD · 🇺🇸 2025-10-07 · App Store ↗Fraud/ Scam
after selling my positions, i never saw my money
MjayyD · 🇨🇦 2025-09-30 · App Store ↗Manipulation and Liquidation pros
Everything about BloFin is designed to liquidate and take your money. It is the worst price action fights against trades in profit and makes it very difficult to be profitable. The price lag is probably the farthest behind all other exchanges, and never matches the real price. Not to mention it’s low liquidity is the only reason anyone needs to not trade on this platform, and the manipulation of traders who don’t know better should be a crime. guaranteed to break your phone or laptop after realizing just Save yourself from the inevitable liquidation of your account and read reviews, it’s sad every review is negative. Tighten up BloFin!
Blow me BloFin · 🇺🇸 2025-09-19 · App Store ↗The worst exchange I have ever used
Complicated fees, hidden fees, feed to enter a trade, feed on your profit, feed on the close, feed on a loss, lagging entries, the least transparent exchange on the market. You are better off going to something like bybit. Never trading my funds on this platform again. Don’t even get me started on the support team.
sebcory · 🇬🇧 2025-09-11 · App Store ↗Logged out always
I keep getting logged out sort it out mate it’s getting annoying always having to login everytime I go on the app
Sort it out 2456 · 🇬🇧 2025-09-11 · App Store ↗Great app
I do like this app cuz it’s super easy to use, it just doesn’t have as many listings as others and at this crucial point in the cycle it would ideal for it to have…
DonPizzle91 · 🇬🇧 2025-09-03 · App Store ↗Untrustworthy & Blocking Withdrawals
I do not recommend BloFin. They block withdrawals with unreasonable “video only” requirements instead of accepting standard proof like TXIDs or bank/PDF statements. Customer support closes tickets without resolution and makes it nearly impossible to speak with a real compliance officer. I lost access to my funds despite providing full documentation. Until BloFin allows industry-standard withdrawals and real support, I strongly warn others to avoid this app.
Zaneis44 · 🇦🇺 2025-08-25 · App Store ↗Updates problematic
The most recent update no longer allows landscape mode and forces portrait mode. Why do this to a trading app with charts????
SD513 · 🇺🇸 2025-08-15 · App Store ↗Please fix this nearly useless app, post-update!
The app is sooooo laggy / freezey. There’s no point in even using the app on the most recent update. Shame, because they used to have a great product
Shane Station · 🇺🇸 2025-08-13 · App Store ↗Scam exchange
Use at your own risk Today 8/9/25 I got liquidated. All my cryptos were converted to BTC and withdrawn from my account. 3k but at one point I have 11k. Glad I pulled my money out. If you want to take a risk keep minimum money in it. Good luck
xmrxjoexx · 🇺🇸 2025-08-09 · App Store ↗Fresh App Store reviews as they are: we neither edit nor pick them. They are not part of the score; the App Store average is.
Licences
0 / 25Where the exchange is legal: licences and registrations from regulators' registers, minus bans and fines.
Confirmed in regulators' registers
No licence or registration in the registers we checked.
Regulator actions
- 🇮🇳 Indiawarning · 2026-09FIU-IND non-compliance notice (9 Sep 2026) to BLF Global Limited (BloFin)source ↗
Does not serve, by its own terms
🇲🇭 Marshall Islands🇦🇫 Afghanistan🇦🇴 Angola🇧🇾 Belarus🇧🇮 Burundi🇨🇲 Cameroon🇨🇫 Central African Republic🇨🇳 China🇨🇺 Cuba🇨🇮 Côte d’Ivoire🇰🇵 North Korea🇨🇩 Congo - Kinshasa🇪🇷 Eritrea🇪🇹 Ethiopia🇬🇼 Guinea-Bissau🇬🇳 Guinea🇭🇹 Haiti🇮🇷 Iran🇮🇶 Iraq🇮🇳 India🇱🇧 Lebanon🇱🇷 Liberia🇱🇾 Libya🇲🇱 Mali🇳🇮 Nicaragua🇲🇲 Myanmar (Burma)🇨🇦 Canada🇷🇼 Rwanda🇷🇸 Serbia🇸🇱 Sierra Leone🇸🇴 Somalia🇸🇸 South Sudan🇸🇩 Sudan🇸🇬 Singapore🇹🇹 Trinidad & Tobago🇺🇸 United States🇦🇪 United Arab Emirates🇾🇪 Yemen🇿🇼 Zimbabwe🇺🇦 Ukraine
Reserves
12 / 20Proof of reserves: is there one, who checked it, how fresh it is and whether coins cover every client balance.
Security
10 / 15Past hacks and whether clients were made whole, the insurance fund.
Hacks
No known hacks of the exchange.
Insurance fund
The exchange does not disclose an insurance fund.
Liquidity
2.3 / 15Real BTC order-book depth within ±2% and futures open interest.
What people say
7.2 / 10App Store ratings across countries, weighted by the number of reviews.
🇺🇸 ★ 4.73 (1,469)🇬🇧 ★ 4.71 (218)🇳🇱 ★ 4.83 (132)🇳🇬 ★ 4.53 (116)🇩🇪 ★ 4.6 (93)🇦🇺 ★ 4.59 (85)🇺🇦 ★ 4.45 (83)🇫🇷 ★ 4.54 (76)
What the internet says
Over the six-month period, feedback is mixed: many app-store ratings are positive, and some users and reviewers praise the interface, trading features, and fees. The most persistent negative reports concern withdrawal delays or restrictions, verification requests, and support; reports of frozen accounts are user allegations, not independently established findings.
- App-store ratings are generally high; some reviews praise the app’s interface and trading experience.
- Reviewers describe futures fees as competitive, and the platform offers trading without full identity verification up to stated limits.
- Recent Trustpilot and app-store complaints describe withdrawals or refunds delayed, account access restricted or funds frozen, and KYC/document checks imposed when users try to withdraw. These are user reports, not independently verified findings.
- Some users criticize support for slow, templated, or unhelpful replies, and cite disputes over event rewards or refunds. Other users describe the platform as easy to use and fees as competitive; published base fees include 0.10% for spot and 0.02% maker/0.06% taker for perpetual futures, plus network-dependent withdrawal fees.
- In the sources reviewed, independent reports found no disclosed major BloFin hack, while some users alleged security failures after individual account compromises. Regulatory coverage reported actions in India and South Korea in 2026, and earlier warnings or restrictions elsewhere; these are distinct from user-review allegations.
AI summary (Perplexity) of public sources as of 2026-10-21. Not part of the score. Sources: 1 2 3 4 5 6 7 8
Reviews elsewhere: Trustpilot ↗ · Reddit ↗ · Google Play ↗
Opinion leaders
no dataWhat the opinion leaders from our Sentiment page write about it: the share of complaints among mentions over 90 days.
The opinion leaders have not mentioned this exchange yet. The block fills itself: we follow their posts every hour.
API reliability
no dataOur own check: does the exchange API answer, over 30 days.
Collecting checks: we need at least 10, now 6.
How we score
- Licences · 25 points. Where the exchange is legal: licences and registrations from regulators' registers, minus bans and fines.
- Reserves · 20 points. Proof of reserves: is there one, who checked it, how fresh it is and whether coins cover every client balance.
- Security · 15 points. Past hacks and whether clients were made whole, the insurance fund.
- Liquidity · 15 points. Real BTC order-book depth within ±2% and futures open interest.
- What people say · 10 points. App Store ratings across countries, weighted by the number of reviews.
- Opinion leaders · 10 points. What the opinion leaders from our Sentiment page write about it: the share of complaints among mentions over 90 days.
- API reliability · 5 points. Our own check: does the exchange API answer, over 30 days.
Licences: a full licence in the EU (MiCA), UK, US, UAE, Singapore, Japan, Hong Kong, Canada, Korea, Australia or Switzerland gives 5 points, a full licence elsewhere 3, a registration (such as FinCEN or AUSTRAC) 1.5, an application or in-principle approval 0.5. Each country counts its best entry, and only if confirmed in the regulator's register. Every regulator ban, fine or warning in the last 3 years costs 2 points, at most 8 in total.
Reserves: a published proof of reserves gives 4 points; zk proof 6, audited Merkle tree or audited filings of a listed company 4, unaudited tree 2; a snapshot under 45 days old 4, under 90 days 2; the lowest coverage among BTC, ETH, USDT and USDC at 100%+ gives 6, at 95%+ gives 3.
Security: 10 points minus 2 for each hack where clients were made whole and minus 6 where they were not; hacks older than 5 years count half. Plus 5 if the insurance fund can be checked via API or on-chain, 3 if the exchange only publishes the amount.
When a block has no data yet it is left out and the total is rescaled to 100 over the blocks we have. Our readers' ratings are shown separately and do not enter the score, so they cannot be gamed.
Sources: regulators' registers (ESMA, FinCEN, AUSTRAC, VARA, MAS and others), the exchanges' proof of reserves pages, Powered by CoinGecko (depth and open interest), Apple App Store, the exchanges' public APIs, mempool.space, opinion leaders' posts on X. Licences checked 2026-10-21, data updated .
Partnerships do not affect the scores. We have affiliate links with some of these exchanges and may be paid if you sign up. A script computes the scores from public data with the same rules for all; the method and sources are below. Not investment advice. Trading crypto, especially with leverage, is high risk. 18+ only.