BloFin Reviews 113

THE BIGGEST SCAMMERS OF CRYPTO.

When I signed up I asked everything about NO KYC police with their agent "KIM".
Kim said, I can withdraw up to 20,000 USDT/day without providing any documents.
I was satisfied and deposited $5000 worth BTC into my blofin account.
As soon as I made deposit and later tried to withdraw, It got failed saying that they need multiple documents including KYC, Selfie, proof of funds, Source of funds, My bank statement, My every single document.

Without providing these, They will steal my assets. And freezes my withdrawals. A COMPLETE BLACKMAIL!

NEVER USE THIS PLATFORM. THEY WILL FREEZE YOUR ASSETS. YOUR FUNDS ARE NOT SAFE THERE!

I had funds lost to a hacker on the BloFin exchange. Despite having security measures in place, the exchange itself let me down.

My email was compromised by a hacker and within 5 minutes accessed my BloFin account and transferred $10k out. BloFin claims no suspicious IP address was noted on their system so they didn't flag the withdrawal made.

BloFins poor security measures resulted in my lost funds, as within 15 minutes of the transfer being initiated I had made contact with support.

Their support specialists have gaslighted me throughout the whole process. Claim that passwords were never changed on me, but I was force logged out 4 times while trying to secure my account. Did BloFin prioritise an IP address location over my own regular one? Many questions left unanswered with zero helpful answers from support other than it's not their problem and "please continue to support BloFin".

Be cautious to use this exchange, other exchanges may have slightly higher fees but offer far greater security protocols for withdrawals. DO NOT USE BLOFIN

Beware of fraud. I've been waiting rest of my money for a long time and even this hasn't been paid out of my BloFin account. I have also now noticed that others feel the same way and this company freezes funds on random accounts. Always just excuses and manipulation in chat support that make no sense from start to finish. Support not want to listen to me and rejected my answers. I even offered ID verification to get my money, but they don't even want to accept this in support and insist that they don't want to pay out my money either. Here it is very clear that the rules are being exploited for one's own scam advantage. The also always reply that you should contact the email again in order to look good on the Clearnet and it looks as if this broker supposedly follows all the rules (but its not true and all scam). If you get back to email support, the vicious circle repeats itself. a really bad scam from them. Stay away from this broker if your money is important!!!!!

Update 1.0
Edit 20.11.2024
I still haven't received my money. This is 100% a scam. Meanwhile, Blofin has reported my review and is trying to delete it. Blofin is also trying to delete other negative reviews from real members.

Update 2.0
Edit 25.11.2024
nothing has changed.
Payouts are withheld on purpose. From now on the highest alert level: scammers.

If you want to lose your money then send it there. You shouldn't make the same mistake I did.

fees eat ur profits waste of time n money trying to scalp or trade on blofin stay away this app is so scammy

They pulled an absolute bait and switch on me. Do not trust this exchange, their fees are horrendous they are also just a copy paste of other exchanges except with 7 times the fees . MEXC is better than this exchange in every single aspect!

Bonuses are a just away to lure unsuspecting customers

Edit: I already tried to resolve the issue with your support and they said that their response is final, so is my review. STAY AWAY AT ALL COSTS!
Edit: Snowflakes reported my review to trustpilot, this version of the review is a 'safespace' version.

I’ve been trading perpetual for the last 3 years on mexc, Bitget, Bingx, but Blofin is by far the best. I don’t understand the negative reviews. Regarding fees use limit orders instead of market orders if you’re opening up large positions. Limit order or 1/5 the price

Tried to exit a long position and was given an error message-unauthorised token and ket Null.no way to contact them.Position liquidated twice-stay away!

They are scammers not legit leverage trading… high fees hidden fees… if you leverage trade scalp trade you will not make any money… they only apply your gains to your margin and not the whole leveraged position but they will charge you for the whole leveraged position… they keep all your profits and only give you your gains percentage X your margin that’s not leverage trading the gains apply to the whole position or else what’s the point of trading at large volume to only have the gains apply to your margin, ridiculous… also if you use the market price the system consistently opens and closes your position at a loss for you not at all where you expected the trade again for scalp trading where you need to act fast you will end up in a losing position as soon as you open the trade… scammers all the way your better of playing a slot machine

My funds are stuck on the BloFin exchange.

Google Authentication app codes do not work.

They froze my wallet because i recieved a transfer from a forex propfirm

Live chat (John b) refuse to help me

Awful, awful exchange. Highest fees I've seen ($11 to open/close a BTC futures long?!?). If you scalp trade, you'll be forking over thousands to them just in fees alone over a short amount of time. UX and UI are absolutely terrible to use to, and not even new low cap coins to work with. Stay away if you can.

They scam with the hidden fees
rats

No Costumer Service !!

No Live Chat ! Nobody to assist!

Not even a bot that could answer me for a simple question:

Where is my Deposit Reward Bonus ??

I deposited 50.000 USDT and applied for a juicy 600 USDT bonus reward ( promise), with the simple rule of just keep them for 7 days in the wallet.

After 8 days still waiting, no bonus , no FAQ , no answer from support email address, not even any automated reply to confirm that someone will get back to me .

I will withdraw everything within 24 hours

Promoters of blofin tout the No KYC. If you prefer to start with a small amount on a NEW exchange, then AVOID blofin.🚫 I deposited $30 USDC. They showed it as USDT in my funding account but USDC in my assets. IT STATED THEY'VE ADDED USDC FOR SPOT TRADING BUT I COULDN'T SPOT TRADE WITH EITHER CURRENCY. They offer no inexpensive or easy conversion. No simple swaps either. I decided I would just send it back to one my wallets, swap it myself from USDC to USDT and then send it back to them. WOW! They hit me with a minimum $50 withdrawal charge and a $12 fee. HIGHEST FEES AND MINIMUMS for WITHDRAWING YOUR MONEY I've seen to date. Their crypto selection is not impressive either. Would give 0.0 Stars if I could.

Using BloFin as the main go-to exchange, a really good one compared to most top exchanges, think they will be the top exchange in no time!

BloFin provides a wide range of practical trading tools.

Pnl card feature on BloFin is a game-changer.

Low trading fees make BloFin a preferred choice.

A very nice exchange, is to use and day by day is improving