Summary: BloFin imposes restrictions for investors from countries under international sanctions, including the USA, North Korea, China, Iraq, Singapore, and Canada. This policy ensures compliance with global regulatory standards and enhances user safety.

Although the platform is not accessible from 45 countries, BloFin is available in 151 countries, providing a trading platform with a multilingual interface. The exchange offers both spot and futures trading on over 350 assets and pairs.

What Countries Does BloFin Restrict?

When registering for a account, users must adhere to specific requirements, including ensuring they are not from a restricted country. BloFin enforces strict access restrictions due to international trade and economic sanctions. 

Users are prohibited from accessing BloFin's platform and services if they are residents or located in, or acting on behalf of individuals or entities from, Restricted Locations. These include Afghanistan, Bangladesh, China, Crimea, North Korea, Iran, Iraq, India, Canada, Russia, Syria, Singapore, the United States, Venezuela, Yemen, Zimbabwe and more.

Furthermore, if users are acting on behalf of a legal entity, they must have the necessary rights and authorizations to bind the entity and ensure compliance with applicable laws, including anti-money laundering, anti-corruption, and counter-terrorist financing regulations.

BloFin Restricted Countries.

BloFin Supported Countries

‍BloFin serves a diverse user base from 151 countries worldwide, providing services in multiple languages, including English, Spanish, French, Turkish, Russian and Polish. This accessibility makes BloFin an inclusive platform for individuals from various regions, including Europe, Asia, Africa, and Australia.

Users can deposit funds in multiple fiat currencies, engage in spot and futures trading, and take advantage of a wide range of tools and features offered by the platform. This broad support ensures that BloFin accommodates the needs of a global trading community, fostering a comprehensive environment for all its clients.

BloFin Licenses

BloFin is an international digital services financial institution with its headquarters in the Cayman Islands. The group adheres to regulatory standards to ensure compliance with local laws and regulations.

  • European Union: BloFin operates in the EU, ensuring compliance with the stringent financial regulations set by regional authorities. 
  • Hong Kong: In Hong Kong, BloFin complies with local financial regulations, operating transparently and securely within one of Asia’s key financial markets.

BloFin’s dedication to regulatory compliance ensures that it operates transparently and securely across different jurisdictions. However, it is not currently regulated by any international authority and is in the proces of applying for the relevant registrations. This commitment enhances user trust and solidifies BloFin’s reputation as a reliable entity.

Does BloFin Enforce KYC?

Yes, BloFin requires Know Your Customer (KYC) verification to maintain a secure trading environment. The exchange offers a multi-tier KYC system, with levels that provide different benefits based on the verification completed.

  • Basic (Lv 0): This is the default level for newly registered accounts. It allows a 24-hour withdrawal limit of 20,000 USDT, with no limits on futures trading or leverage.
  • Personal Information Verification (Lv 1): Upon completion, the 24-hour withdrawal limit increases to 1,000,000 USDT, with no limits on futures trading or leverage.
  • Address Proof Verification (Lv 2): This level further increases the 24-hour withdrawal limit to 2,000,000 USDT, maintaining unlimited access to futures trading and leverage.
BloFin KYC

About BloFin

BloFin is a global digital financial services provider offering secure and innovative trading solutions. Known for its secure platform, it offers products such as BloFin Futures, BloFin Copy Trading, and BloFin Earn. The exchange emphasizes compliance and security with advanced KYC verification and user-friendly interfaces, supporting a wide range of digital assets for reliable trading.

Bottom Line

In conclusion, BloFin provides a safe trading environment, serving users in 151 countries while adhering to international sanctions and regulations. With a multilingual interface and a wide range of trading options, including spot and futures trading on over 350 assets, BloFin meets the diverse needs of the global trading community.