BloFin Guide

Introduction

In this guide, I will tell you how to use the BloFin exchange. Brief, yet meaningful, I hope that after reading my guide you will have a complete understanding of how to use this exchange. If you have any additional questions, you can message me privately on Telegram — I am an official ambassador of the BloFin exchange.

1. Basic Information

Cryptocurrency — a means of payment based on special code (encryption), this encrypted information is stored in the blockchain system as a unique electronic record.

Blockchain — a system in which all cryptocurrency exchange operation data is recorded and stored.

Bitcoin — the first cryptocurrency in the world, created by Satoshi Nakamoto in 2009.

Cryptocurrency exchange — an electronic platform for buying or selling cryptocurrencies, interaction between them, and with fiat currencies.

Fiat currency — traditional government-recognized money such as euro, dollar, pound, etc.

Limit buy — an order to buy at a price lower than the market price.

Limit sell — an order to sell at a price higher than the market price.

Market buy — buying at the market price.

Market sell — selling at the market price.

Bulls — traders interested in buying an asset and its future growth.

Bears — traders interested in decreasing an asset's price.

Long (long position) — buying an asset expecting a market rise for profit.

Short (short position) — aiming to profit from a market drop.

Pump — manipulative price rise through mass purchase or positive news.

Dump — manipulative price fall through mass sale or negative news.

Correction — temporary price movement against the current trend.

Volatility — strength of price fluctuations in cryptocurrency.

Margin — collateral allowing you to temporarily borrow funds for leveraged trades.

Crypto trading pair — the ratio of two currencies showing how many units of one currency are needed to buy one unit of another. For example: BTC/USDT=30,000$ (you need $30,000 to buy 1 BTC).

Tether (USDT) — cryptocurrency equivalent of the US dollar.

Funding — introduced by exchanges to regulate supply and demand between spot and futures markets. When funding is positive, long position holders pay short holders; when negative, shorts pay longs. Funding happens at different times for each token and exchange. The rate can vary and is applied to the full position size.

Whales (market makers) — a group of large-asset holders capable of manipulating the market. The term refers to big investors whose capital can move asset quotes. Watching their actions helps traders find good entry and exit points.

HODL — a long-term trading style where small market corrections are ignored. You sell or take profit only when you assume a trend change. Only used in spot trading.

Speculative trading — short- to medium-term trades (a few minutes to a month) based on technical and fundamental analysis. Unlike long-term investing, fundamental analysis is rare. It’s focused on quick profits and reacting to corrections or entering shorts.

Liquidity — the total of all trading offers on crypto exchanges. If there’s liquidity, you can buy/sell assets easily. Without it, trading becomes difficult or impossible.

Liquidity pool — a shared vault where users deposit assets to ensure a high level of liquidity. It allows anyone to trade without delays.

On-chain metrics — crypto transactions recorded directly in the blockchain, verified by its mechanisms, and included only after modification.

Fundamental analysis — method for predicting market value based on economic, financial, news, and operational indicators.

Technical analysis — tools for forecasting price changes based on past patterns under similar conditions.

Crowd psychology — overall market mood showing desire for asset growth or fall. Measured by the "Fear & Greed Index" (1 = extreme fear, 100 = extreme greed). High greed = market is likely overbought and due for correction. High fear = weak hands are flushed and might signal buying opportunity.

Decentralized Exchanges (DEX) — no central authority; users trade directly with each other. Example: Uniswap.

Centralized Exchanges (CEX) — managed by a central authority; trades are processed through a third party. The current leader is Binance (NOT BINOMO), which offers spot, margin, futures, and more. We’ll explore it later.

Price Formation
Price is determined by supply and demand. Price rises when demand exceeds supply and falls when supply exceeds demand.

• Bitcoin (BTC)
• Altcoins (all except Bitcoin)
• Stablecoins (pegged to USD)

Altcoins — alternatives to Bitcoin. The first altcoin was Namecoin (2011), followed by Litecoin (LTC), an improved version of Bitcoin.

Stablecoins — tokens pegged to fiat currencies like the dollar.

Spot Trading — simple buy low, sell high. Example: buy BTC at $10,000 with $1,000 (get 0.1 BTC). If BTC rises to $20,000 and you sell, your $1,000 becomes $2,000.

Margin Trading — trade with leverage (borrowed funds from the exchange). Example: You have $1,000, use 5x leverage = $5,000 position. High reward, high risk.

Futures Trading — trade with up to 125x leverage. You move USDT to the futures wallet and take long/short positions. You’re buying a contract, not the asset. Best to stay under 20x leverage. Avoid long-term positions due to funding fees.

2. Registration on BloFin Exchange

When you visit the official website, you'll see the registration screen with three buttons to either sign up or log in to an existing account. I’ve highlighted them in the screenshot below:

You register in the same way as on any other platform, I hope you’ve encountered this before. If not, here’s a quick explanation:

If you're registering for the first time, just enter your email and create a password for your account, then log in to your newly created account.
If you want to log into an existing account, click the Log in button and you'll be taken to the window shown in the screenshot below:

Here you can log into your account by entering your email and phone number, or via your Google or Apple ID account. I think you've figured it out.

3. Home Page

Once logged in, you’ll see the homepage in front of you:

Now let’s go through each menu item in detail:

4. Buy Crypto

It’s very simple. On this page, you can buy cryptocurrency on BloFin using your bank card. Just enter the amount you want to purchase, select a payment method, check the box to agree with the terms, and click "Buy Now."

5. Markets

You’ll see this page:

Let’s break it into two parts and look at each separately:

At the top of the page, you’ll see a curated list of cryptocurrencies with their labels. You’ll find "Hot Coins" (tokens with the highest trading volume over the past 24h), "New Listings" (recently listed tokens), and "Top Gainer Coins" (tokens that gained the most value in the past 24h).

Now, looking at the bottom part: you’ll see three main sections — "Favorites" (your saved trading pairs marked with a yellow star), "Spot" (buy/sell crypto with instant settlement — assets appear in your balance), and "Futures" (contract-based trading — tokens don’t appear in your balance, explained more later). Then there’s the breakdown into USDT-M and Coin-M pairs (USDT-M = traded with USDT margin; Coin-M = traded with base currency like BTC/ETH). Most traders use USDT-M.

You’ll also see filters like "All," "NEW," "HOT," and others — I recommend exploring these yourself. You can also view price, 24h % change, 24h high/low, and trading volume.

6. Spot

You’ll see this page:

Let’s split it into left and right sides:

Left: At the top left you see the trading pair, e.g. BTC/USDT, which means you can buy Bitcoin for USDT. To the right is a triangle to switch trading pairs. Continuing right, you’ll see the token’s price and other data discussed earlier. Below the pair name (BTC/USDT), there are two tabs: "Chart" (the graph in the center of the screen) and "Info" (token information). Below that, choose a chart timeframe (e.g., 1M = one month per candle). Right of timeframes: chart visual settings. On the far left: chart drawing tools. Above the chart on the right: alert icon — set a price alert.

To the far right: the order book (bids and asks from other traders). Below that: Trade History tab — shows recently filled orders.

Right: The two main buttons — Buy/Sell. Below that: three tabs — Limit, Market, Trigger.

• Limit — set a price and amount to buy/sell. For example, BTC price is $118,000, but you want to buy at $117,500 for $500. If the price reaches your target, the order executes.
• Market — execute order at current price instantly.
• Trigger — haven’t used this in 5 years of crypto experience. Google it if you're curious.
• The rest is self-explanatory.

7. Futures

This page has four sections:

• USDT-M Futures — main futures type (we’ll cover this).
• Coin-M Futures — same concept, different collateral.
• Trading Bots — section for DCA and AI bots. I don’t use it, Google if interested.
• Demo Trading — paper trading with test funds, a kind of practice mode.

Let’s cover the main one — USDT-M Futures:

Right:

Tools = section with all trading bots (as mentioned).

Trade is where the action happens. You already understand Limit/Market orders, so let’s talk about leverage. You’ll see "Cross" — there's also "Isolated."

Cross = if your position is liquidated, you lose not only your margin but your entire futures balance. If you entered with $10 but had $50 on the futures balance, you lose $50. However, liquidation price is extended due to full balance support. Very risky.

Isolated = if liquidated, you only lose the margin amount allocated to that position.

TP (Take Profit) = set price to auto-close in profit.
SL (Stop Loss) = set price to auto-close in loss.
Long = bet on price increase
Short = bet on price decrease
Liq. Price = liquidation threshold price

Leverage determines your position size. If you enter with $8 at 1x by entry price 0.4, your position is $8, and liq price is 0.8

At 2x, position is $16 and liq. price is 0.6

Click "Close All" to force close all positions. Click "Close" to choose how much to close (market or limit).

Clicking the + next to TP/SL lets you set those. "Entire Position" means close the full size.

"Partial Position" = multiple partial orders possible.

Left: Difference from spot = Funding. It’s the rate you pay/earn depending on position type and rate direction.

If funding is +0.0183% and you’re short, you receive it. If long, you pay it. It applies to full position size, not margin. So if you entered with $100 and 10x leverage, the position is $1000 — funding is 0.0183% of $1000 = $0.183. If you're long, you lose that. If you're short, you earn that.

If funding is -2% and you're in a long position of $100 with 10x leverage = $1000, you earn $40. If short, you pay $40. Funding can be fixed or floating.

8. Copy Trading

Here, you can copy trade any trader who listed their profile. Their futures trades are mirrored on your account automatically.

9. Earn

Here you can stake your assets.

Staking = locking your funds for a period in exchange for yield.

You can view your balance and available offers, including supported tokens, yield %, and term.

There are many staking assets:

10. Rewards Hub

Here you can view all your rewards and available promotions:

11. More

Activity Center — ongoing campaigns
Affiliates — influencer affiliate program with bonuses for you and referrals
Referral — your referral link, bonuses, and list of referees
VIP Program — perks for active users
Academy — crypto knowledge resources
News — all current crypto updates

12. Assets

Here you can view your balance, deposit or withdraw, check account analytics and order history:

13. Profile

Here you can:

• View UID
• Switch accounts
• Adjust account security
• Verify your identity
• View/use coupons
• Enter affiliate dashboard
• Check trading fee info
• Manage sub-accounts (up to 10)
• Access settings
• Log out

Also:

• Notifications
• BloFin app download link
• Language settings

14. Footer

The bottom section of the site. You can find info about the exchange (About), all sections (Products), most popular trading pairs (Trade), Help section (Support), and Service section (also described above). Below that — all official BloFin social media links and a support contact option on the bottom right.

15. Conclusion

I hope my guide was helpful and helped you understand the basics of cryptocurrency and the BloFin exchange. Good luck!