# BloFin

> Source: https://fuckyc.org/services/blofin/
> Website: https://blofin.com/
> Categories: CEX (no/threshold KYC)
> KYC: tiered — Derivatives-focused; signup is light-touch and trading without ID is supported up to operator-set thresholds.
> Status: active
> Jurisdiction: Cayman Islands (operator-disclosed)
> Fiat on-ramp: no
> Payment methods: crypto
> Founded: 2022
> Open source: no
> Custodial: yes
> Last verified: 2026-01-01

## Verdict

BloFin is a younger derivatives-focused CEX in the tiered-KYC bucket. Its niche is "perp DEX UX, CEX backend, no immediate KYC." Standard CEX caveats apply, plus the usual derivatives-platform liquidation and funding-rate risk.

## Strengths

- Liquid derivatives venue without immediate KYC ask.
- Crypto-only deposits avoid bank-rails verification entirely.

## Caveats

- Newer operator with shorter public track record.
- Tier limits and KYC enforcement are operator-managed; recheck before relying on a flow.
- Derivatives trading involves liquidation risk separate from custody risk.
- Facts need re-verification by operator (last seeded 2026-01).

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## What BloFin is

A centralized derivatives exchange with crypto-only deposit flows and tiered-KYC enforcement.

## Threat-model fit

Trading venue, not a privacy primitive.

## Sources

- [BloFin help](https://blofin.com/support) — accessed 2026-01-01
- [KYCnot.me — BloFin entry](https://kycnot.me/service/blofin) — accessed 2026-01-01