Binance.US vs BloFin

How Binance.US vs BloFin compare on our ratings, exchange specs, funding, pros and cons.

VS
BloFin3.5/5
Feature
Ratings
Our score4.1/53.5/5
User ratingNo reviews yetNo reviews yet
Fees5.04.0
Security & trust4.03.0
Asset selection4.03.5
Ease of use4.04.0
Support3.53.0
Specs
MarketsSpot, OTCSpot, Futures, Copy trading
Maker fee0%0.1%
Taker fee0.02%0.1%
Coins listed200Not disclosed
Fiat deposit methodsBank transfer, Card, Apple Pay, Google Pay, ACHNot disclosed
KYC required YesNot disclosed
Accepts US customers Yes No
Proof of reserves YesNot disclosed
Staking / earn Yes Yes
Mobile app Yes Yes
Licenses & registrationsFinCEN MSB, 32 US State Money Transmitter LicensesUS FinCEN MSB, Cayman Islands CIMA
Security featuresU.S.-based cold storage, Multi-factor authentication, SOC 2 Type II certified, ISO 27001 certified, ISO 27701 certifiedNot disclosed
Futures & perpetuals No Yes
Copy trading No Yes
P2P market NoNot disclosed
Earn / savings products Yes Yes
User protection fund NoNot disclosed
Referral program Yes Yes
Company
Founded2019—
HeadquartersUnited StatesCayman Islands
InvestorsRRE Ventures, Circle Ventures, Foundation Capital, Original Capital +1KuCoin, SIG Asia Investments, Matrix Partners China
Strengths and weaknesses
Pros
  • 0% maker fees across all 250+ spot trading pairs
  • Zero-fee fiat deposits and withdrawals through bank ACH transfers
  • SOC 2 Type II and ISO 27001 third-party security audits
  • Staking support across 25+ proof-of-stake cryptocurrencies
  • Competitive base futures fees of 0.02% maker and 0.06% taker
  • Independent multi-position mode allows up to 10 distinct positions per contract
  • Backed by a $50 million Series B round involving KuCoin, SIG Asia Investments, and Matrix Partners China
  • Dedicated demo trading APIs for automated algorithmic strategy testing
Cons
  • Unavailable to residents in 16 U.S. jurisdictions, including New York and Texas
  • ACH fiat deposits carry a mandatory 7-day withdrawal hold
  • Centralized custody model requires full trust in the exchange for fund safety
  • Mandatory KYC identity verification required before trading or depositing
  • Centralized custody exposes user deposits to platform counterparty risk
  • Subject to jurisdiction limits and region-based access restrictions
  • Withdrawal fees vary by asset and blockchain network
Best forU.S. spot traders placing limit orders, Investors seeking zero-fee ACH deposits, Proof-of-stake crypto holders earning rewardsCryptocurrency derivatives traders, API and algorithmic bot developers, Futures copy trading followers

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