BloFin Reviews 113

AVOID BLOFIN COMPLETELY. These are scam artists of the finest order. I had done well on a trade and this was set to be paid out on 12/11/24. Today is 25/05/25 and I’ve still not seen a penny. They hide behind KYC checks and will charge you for the checks. They say the network is over subscribed and cannot pay via their usual channels. They will make charges for literally any reason they like, in order to make money on YOUR MONEY. I’m owed £11000 GBP and I have no confidence in it EVER being paid. These guys are based in the Cayman Islands and have been blocked by most countries administrators, but there’s no legal standing or recourse for me in the UK. So - you have been warned. AVOID, AVOID, AVOID

Avoid this exchange, prices heavily manipulated to trigger SL and liquidations. Customer Services provided by external AI company. Please think twice before using it & keep your money safe.

I tried for 2 weeks to set up a UK based API to trade in the Futures market with Blofin and faced continuous errors, issues and set up configuration dramas. Their support is next to useless and after 38 emails back and forth my issue is still unresolved! They allow UK based accounts but will not specifically say if a UK based API can fully access their trading platforms - complete waste of time with support as much use as a chocolate teapot ! - AVOID !

My UID not withdrawl amount from blofin ammount i email but no response from support

Using Blofin for nearly 2 years — fast withdrawals, no issues, and great support.

I've been using Blofin as my main crypto exchange for almost two years now, and I’ve never experienced a single issue with trading or withdrawals.
Withdrawals are always fast

The user interface is clean and intuitive, especially for futures trading, and it’s easy to navigate even for beginners.
Another thing I really appreciate is the official Telegram community — the admins are responsive and always provide quick, helpful support.

I know there are some negative reviews out there, but based on my personal experience, Blofin is a trustworthy and reliable platform. I’ve made solid profits here and will definitely keep using it going forward.

One request: please consider expanding access to the Blofin card beyond just EEA users. Many of us outside the region would love to use it as well!

Experience has been nothing but a nightmare here at blofin the main guy that put me in touch ADAAM YRN has been nothing but a rude d head to me he scammed me over 10 bags witch I'm not happy about please people avoid this trash guy

The trading experience itself was ok but they really need to list more coins on futures. Especially since they are claiming themselves that this is the area that they focus on. No listing on SUI - CAKE- HYPER and so on. This is popular coins to trade but...

they red flagged my 10000 dollar account for no reason and dont let me withdraw my assets . other exchanges warn us to withdraw and give us time to leave the exchange if they are suspicious to anything . but blofin freezes your money. for a kyc and proof of money and ...
i am from iran i hate islamic republic i am not terrorits and its half of my savings there....
its obviouse stealing

BloFin's Fiat on-ramp KYC process doesn't support UK ID docs - country (United Kingdom) is missing from the ID country list! All other countries you can imagine are on the list

Unbelievable.

Obvious "Red Flag" if UK ID docs are blocked.

They removed my stop loss for futures trade. Refused to refund me the extra loss they caused me

Rubbish platform can't buy crypto on it can't transfer to buy crypto..money just stuck there can't withdraw. Do not out ur money on here

BloFin are systematically scamming people out of positions. I'm not the first to highlight this and won't be the last. I recently opened a position on a very soundly structured short position and it was liquidated in less than one minute despite the fact price action went nowhere near the claimed liquidation price. When I questioned customer services and forwarded them precise timing and price data for alleged event they responded to me telling me that price was 'lower' than the liquidation price giving me a level 'below' my entry price. OF COURSE, IT WAS A SHORT POSITION! So they themselves admitted they were wrong and yet then tried to back pedal telling me the margin rate fell below 100% despite the fact there was no evidence whatsoever of the price of the asset 'rising' to that level. They then went into a mode of sending generic nion sensical responses and avoiding answering the issue. On another occasion a huge down wick knocked me out of a position which didn't exist on any other exchange. I gave them the benefit of the doubt on that occasion but not again. AVOID AVOID AVOID!!!

How can 73% people give negative reviews and still the BloFin Exchange keeps sending message "send us your account UID and a detailed description of the issue to email address. We will promptly follow up and resolve the matter for you. Thank you for your understanding and support."

The same reply to everyone and lot many people keep on losing money and the Youtubers on the other hand keep promoting these exchanges as sponsored by BloFin and the negative reviews on Trustpilot is 73%.

I just in this week had a terrible experience with MEXC Exchange. The same is going with MEXC Exchange. They give Youtubers some money to promot their exchange and are scamming all the people. The NEGATIVE reviews on Truspilot for MEXC Exchange is 86%

What is this going on?

‼️‼️‼️‼️BIG BIG SCAM , they liquidate me at -50% dont put your money on this

Hi, my name is carl,I have been trading with Blofin for less than 2 months, I had so many issues with them, and i was constantly losing money! So I decided I was going to withdrawal rest of my assets, And believe me They didn't let me withdrawal, Instead they requested that I pay money as security fee because my account was flagged for suspicious activities!! luckily for me th e firm on name sec tion fought for me BUT I'd warn you all to avoid using BloFin. They're SCAMMERS FOR SURE!! AND THEY DESERVE ABSOLUTELY NO STAR!

I’m leaving this review to warn other traders about my experience with Blofin Exchange. I was recently liquidated while holding fully hedged futures positions due to unexplained and arbitrary margin adjustments. Here’s what happened:

I had 4 trades open:

- BTC long and short (equal hedged positions)
- An ALT long and short (equal hedged positions)

On most exchanges, equal hedging would eliminate liquidation risk by setting the liquidation point to zero. However, Blofin doesn’t handle hedging this way and arbitrarily adjusted my margin and liquidation levels without notice or transparency.

In the past, when I tried to add funds to protect my account during low margin periods, those funds didn’t reflect in time, making it difficult to derisk or safely exit my positions. At one point, my BTC position was $20K in profit, but due to the system’s unpredictability, I was too hesitant to take profit.

Eventually, I was unexpectedly liquidated despite two of my trades being in profit.

This experience raises concerns about transparency and proper risk management on the platform. I would caution traders to think twice before using Blofin—especially when trading with leverage or attempting to hedge positions.

I notice my pnl on futures wasn't matching my position size and margin.

Do not use them. Very deceitful I think I lost $10,000 in five days

Awful, total chart manipulation on their end to knock you out of trades, their charts do not match Trading View or any other genuine charts, they need Investigating and shutting down.

Worst funding rate in maket for perps and mobile app not available for NZ customers.