BloFin Fees Explained: How the No-KYC Exchange Stacks Up Against Binance
Complete BloFin fee breakdown including futures, spot, and withdrawal costs. Honest comparison with Binance on fees, KYC, and real trading costs.
BloFin charges 0.020% maker and 0.060% taker for USDT-margined futures at the base tier, with no KYC requirement for trading or withdrawals up to 20 BTC per day. Compared to Binance’s base rates of 0.020% maker and 0.050% taker, BloFin’s taker fee is slightly higher while maker fees are identical. The no-KYC access is BloFin’s defining advantage.
BloFin has grown rapidly since launching in 2023, positioning itself as the leading no-KYC derivatives exchange with centralized exchange-level execution. It sits in an interesting niche — offering order book trading without the identity verification that every major exchange now requires, while maintaining deeper liquidity than most DEXs.
This guide covers every fee on BloFin and compares it head-to-head with Binance so you can decide which platform better fits your trading profile.
BloFin Futures Fee Structure
BloFin is primarily a derivatives exchange. Perpetual futures are its core product, and the fee structure reflects that focus.
USDT-Margined Futures Fee Tiers
| Tier | 30-Day Volume (USDT) | Maker Fee | Taker Fee |
|---|---|---|---|
| VIP 0 | <5M | 0.020% | 0.060% |
| VIP 1 | ≥5M | 0.016% | 0.050% |
| VIP 2 | ≥20M | 0.014% | 0.045% |
| VIP 3 | ≥50M | 0.012% | 0.040% |
| VIP 4 | ≥100M | 0.010% | 0.035% |
| VIP 5 | ≥200M | 0.006% | 0.030% |
| VIP 6 | ≥500M | 0.002% | 0.025% |
| VIP 7 | ≥1B | 0.000% | 0.020% |
The VIP progression is competitive. VIP 7 reaches 0% maker fees at $1B in 30-day volume, comparable to Bybit and Bitget. The taker fee progression from 0.060% down to 0.020% rewards high-volume traders meaningfully at each step.
Zero Maker Fee Promotions
BloFin frequently runs 0% maker fee promotions on newly listed perpetual contracts. These promotions typically last 1-4 weeks after a pair launches. During promotional periods, any trader — regardless of VIP tier — pays zero maker fees on those specific contracts.
This is a genuine advantage for traders who actively trade new listings. A new altcoin perpetual during its first week on BloFin costs nothing on the maker side, while the same pair on Binance still charges the full maker rate.
BloFin vs Binance: Fee Tier Comparison
Base Tier (New Accounts, No Volume History)
| Fee Type | BloFin | Binance | Binance (w/ BNB + 20% ref) |
|---|---|---|---|
| Futures Maker | 0.020% | 0.020% | 0.014% |
| Futures Taker | 0.060% | 0.050% | 0.036% |
At the base tier with no discounts, BloFin’s maker rate matches Binance but the taker rate is 20% higher. However, the comparison changes when you factor in Binance’s referral and BNB discounts. With both stacked, Binance’s effective rates are substantially lower.
Mid-Tier ($50M 30-Day Volume)
| Fee Type | BloFin (VIP 3) | Binance (VIP 2) |
|---|---|---|
| Futures Maker | 0.012% | 0.016% |
| Futures Taker | 0.040% | 0.040% |
At the $50M volume level, the picture balances out. BloFin’s maker fee drops below Binance’s, and taker fees converge. This is where BloFin starts to look competitive on pure fee cost.
High Volume ($500M+ 30-Day Volume)
| Fee Type | BloFin (VIP 6) | Binance (VIP 5) |
|---|---|---|
| Futures Maker | 0.002% | 0.010% |
| Futures Taker | 0.025% | 0.028% |
At this level, BloFin is cheaper on both maker and taker. The maker rate of 0.002% versus Binance’s 0.010% represents an 80% reduction.
BloFin Spot Trading Fees
BloFin has expanded its spot offering, though the selection remains smaller than Binance’s 400+ pairs.
Spot Fee Tiers
| Tier | 30-Day Volume (USDT) | Maker Fee | Taker Fee |
|---|---|---|---|
| VIP 0 | <5M | 0.100% | 0.100% |
| VIP 1 | ≥5M | 0.080% | 0.100% |
| VIP 2 | ≥20M | 0.060% | 0.080% |
| VIP 3 | ≥50M | 0.040% | 0.060% |
| VIP 4 | ≥100M | 0.020% | 0.050% |
| VIP 5 | ≥200M | 0.000% | 0.040% |
The base spot rate of 0.100%/0.100% matches Binance’s standard rate (before BNB discount). Spot trading is not BloFin’s primary use case, and the pair selection — around 200+ at the time of writing — reflects that.
Monthly Cost Comparison
$100K Monthly Futures Volume (60/40 Taker/Maker)
| Cost | BloFin | Binance (w/ BNB + 20% ref) | Difference |
|---|---|---|---|
| Taker ($60K) | $36.00 | $21.60 | +$14.40 |
| Maker ($40K) | $8.00 | $5.76 | +$2.24 |
| Total | $44.00 | $27.36 | +$16.64 |
At $100K monthly volume, Binance with stacked discounts is $16.64 cheaper per month. The difference is entirely in the taker fee.
$500K Monthly Futures Volume (60/40 Taker/Maker)
| Cost | BloFin (VIP 1) | Binance (VIP 1, w/ BNB + ref) | Difference |
|---|---|---|---|
| Taker ($300K) | $150.00 | $108.00 | +$42.00 |
| Maker ($200K) | $32.00 | $28.80 | +$3.20 |
| Total | $182.00 | $136.80 | +$45.20 |
At higher volume, Binance’s cost advantage grows in absolute terms, though BloFin’s VIP tiers close the gap as a percentage.
The Reversal Point
BloFin becomes price-competitive with Binance for maker-heavy traders at the VIP 3-4 level ($50M-$100M in 30-day volume). Below that threshold, Binance’s stacked discounts win on pure cost.
But this comparison ignores BloFin’s primary selling point: no KYC.
The No-KYC Factor
BloFin does not require identity verification for trading or crypto withdrawals up to 20 BTC per day. This is the exchange’s defining feature and the reason most of its users choose it over Binance.
What No-KYC Means in Practice
- Account creation: Email address only. No ID documents, no selfie verification, no proof of address.
- Deposits: Crypto only. No fiat on-ramp (which would require KYC under most jurisdictions).
- Withdrawals: Up to 20 BTC equivalent per day without KYC. This is a generous limit — at $80,000 per BTC, that is $1.6M in daily withdrawals without verification.
- Trading: Full access to perpetual futures, spot trading, and copy trading.
For traders who value privacy, live in jurisdictions where exchange access is restricted, or simply want to avoid the multi-day KYC process, BloFin’s no-KYC policy has tangible value that offsets a higher fee rate. Our no-KYC trading guide covers the broader landscape and safety considerations.
BloFin vs Other No-KYC Options
| Exchange | Type | KYC Required | Base Taker | Base Maker |
|---|---|---|---|---|
| BloFin | CEX | No | 0.060% | 0.020% |
| Hyperliquid | DEX | No | 0.045% | 0.015% |
| dYdX | DEX | No | 0.050% | 0.020% |
| MEXC | CEX (limited) | Partial | 0.020% | 0.000% |
Among centralized exchanges with full no-KYC access, BloFin is the most established option. Hyperliquid has lower fees but is a DEX with different trade-offs (self-custody, USDC-only, bridging costs). MEXC offers limited no-KYC access with lower withdrawal limits.
BloFin Withdrawal Fees
| Asset | Network | BloFin Fee | Binance Fee |
|---|---|---|---|
| USDT | TRC-20 | 1.0 USDT | 1.0 USDT |
| USDT | ERC-20 | 3.0 USDT | 3.5 USDT |
| USDT | Arbitrum | 0.5 USDT | 0.5 USDT |
| BTC | Bitcoin | 0.0002 BTC | 0.0001 BTC |
| ETH | Ethereum | 0.002 ETH | 0.0013 ETH |
| USDC | Arbitrum | 0.5 USDC | 0.5 USDC |
BloFin’s withdrawal fees are close to industry averages. BTC and ETH on-chain withdrawals cost roughly double what Binance charges, but USDT withdrawals on TRC-20 and Arbitrum are identical. The cheapest exit path is USDT via Arbitrum or TRC-20.
BloFin’s Advantages Beyond Fees
Copy Trading
BloFin has invested heavily in copy trading infrastructure. The platform lets you follow professional traders with transparent performance records and fee structures. You can see the historical win rate, average holding time, and total PnL before committing capital. This is useful for newer traders who want exposure to derivatives without developing their own strategies.
Demo Trading
BloFin offers a demo account with $100,000 in virtual funds. You can test strategies, learn the platform, and practice order execution without risking real money. Few exchanges offer this — it is a genuine differentiator for educational purposes. For more on BloFin’s legitimacy and features, see our BloFin review.
Referral Program
BloFin’s referral system offers fee discounts for both referrer and referee. If you sign up through a referral code, you receive a percentage discount on trading fees. Combined with VIP tier progression, this can bring BloFin’s effective rates closer to Binance’s discounted rates. See our BloFin referral guide for details.
BloFin’s Limitations
Limited Spot Pairs
BloFin lists around 200+ spot pairs versus Binance’s 400+. If your strategy requires access to newly listed tokens or niche altcoins, Binance and Gate.io have broader coverage.
No Fiat On-Ramp
As a no-KYC exchange, BloFin does not offer direct fiat deposits. You need to acquire crypto elsewhere first — buy USDT on a fiat-friendly exchange, then transfer to BloFin. This adds a step and potentially a fee. For traders already in the crypto ecosystem, this is a non-issue. For those who frequently move between fiat and crypto, it adds friction.
Thinner Liquidity Than Top 3
BloFin’s order books are thinner than Binance, OKX, or Bybit. On BTC/USDT perpetuals, the depth is adequate for most retail orders. On altcoin perpetuals, wider spreads can cost more than the fee difference. This is the same trade-off every mid-tier exchange faces — check our analysis of hidden exchange fees for why this matters.
Regulatory Risk
Operating without KYC puts BloFin in a regulatory gray area. If major jurisdictions crack down on no-KYC exchanges, BloFin could face access restrictions. The exchange has taken steps to comply with applicable regulations in its operating jurisdictions, but the regulatory landscape for no-KYC platforms is uncertain.
How to Minimize BloFin Fees
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Use limit orders. The maker/taker fee gap on BloFin (0.020% vs 0.060%) is the widest among major exchanges. Switching from market orders to limit orders with Post-Only mode cuts your fee by 67%. This is the single most impactful change you can make. See our maker vs taker guide.
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Trade during new listing promotions. When BloFin lists a new perpetual contract with 0% maker fees, take advantage. These promotions are time-limited but genuinely free for maker orders.
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Use a referral code when signing up. The fee discount from referrals stacks with your VIP tier. Free savings from day one.
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Withdraw via cheap networks. TRC-20 and Arbitrum are the cheapest withdrawal options. Avoid ERC-20 unless you specifically need mainnet Ethereum.
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Consolidate volume for VIP tiers. BloFin’s fee drops from VIP 0 to VIP 1 are meaningful. If you are trading on multiple exchanges, consolidating derivatives volume on BloFin pushes you toward better rates faster. Our VIP tiers guide helps you evaluate whether this strategy makes sense for your volume.
The Verdict: BloFin vs Binance
If you prioritize the lowest possible fee, Binance with stacked discounts (BNB + referral code) wins at most volume levels. The difference ranges from $10-$45 per month depending on volume and order type.
If you prioritize no-KYC access, BloFin is the strongest option among centralized exchanges. The fee premium you pay for privacy is modest — roughly 10-30% more than Binance on an all-in basis. For many traders, that premium is worth paying.
The smart approach: use BloFin for the trading activity where no-KYC matters most to you, and Binance or another platform for the rest. You capture the privacy benefits of BloFin without overpaying on every trade.
BloFin Exclusive Offer
20% Fee Discount (Spot + Futures)
Clicking will copy the code and open BloFin in a new tab.
Binance Exclusive Offer
20% Fee Discount (Spot + Futures)
Clicking will copy the code and open Binance in a new tab.
FAQ
Does BloFin require KYC?
No. BloFin allows trading and crypto withdrawals (up to 20 BTC equivalent per day) without identity verification. You only need an email address to create an account. Full KYC is optional and unlocks higher withdrawal limits.
How do BloFin fees compare to Binance?
BloFin’s base futures fees are 0.060% taker and 0.020% maker versus Binance’s 0.050% taker and 0.020% maker. Maker fees are identical; BloFin’s taker is 20% higher. With Binance’s BNB and referral discounts stacked, the gap widens. BloFin becomes competitive at VIP 3+ ($50M+ monthly volume) for maker-heavy strategies.
Is BloFin safe?
BloFin publishes proof of reserves and has operated without a major security breach since its 2023 launch. The exchange uses cold storage for the majority of user funds. However, as a relatively new exchange, it has a shorter track record than established platforms. Our BloFin review covers safety in more detail.
What are BloFin’s withdrawal fees?
BloFin charges 1.0 USDT for TRC-20 withdrawals, 0.5 USDT for Arbitrum, and 3.0 USDT for ERC-20. BTC withdrawals cost 0.0002 BTC. These rates are close to industry averages, with TRC-20 and Arbitrum being the most cost-effective options.
Why trust this author?
James is a former quantitative trader at a top-tier hedge fund who transitioned to crypto in 2017. He now leads research at CryptoFeeDiscount, personally testing every exchange with real capital. His systematic approach to fee analysis has helped traders save over $2M collectively.