Is BloFin Available in South Korea?

What is BloFin?

Overview of BloFin

BloFin is an innovative crypto exchange known for its competitive trading fees and the ability to trade without KYC verification (what is KYC?). It is distinguished by its high leverage options and user-friendly platform. Offering up to 150x leverage and a straightforward trading experience, BloFin has become a popular choice among crypto traders.

Key Benefits of BloFin

• Competitive Fees: BloFin charges low trading fees—0.02% for makers and 0.06% for takers. Using the promo code hawk during your BloFin account’s creation gives you a 20% lifetime trading fee discount, making your trades even more cost-effective.

• No KYC Required: BloFin’s no-KYC policy allows you to trade and withdraw funds privately, enhancing your experience without the need for identity verification.

• High Leverage: With up to 150x leverage, BloFin enables significant market exposure, ideal for traders looking to maximize potential returns in a volatile market.

• High Withdrawal Limits: Without KYC, you can withdraw up to 20,000 USDT daily. With KYC, the limit increases to 2,000,000 USDT per 24 hours, offering flexibility for all traders.
  ⚠️ Note: Keep in mind that BloFin is a crypto-only exchange, FIAT deposits and withdrawals such as Dollar or Euro are not possible. 

• Advanced Trading Tools: The platform provides advanced order types and detailed charting tools, ensuring both beginners and experienced traders can analyze and execute trades efficiently.

• User-Friendly Interface: BloFin’s intuitive design makes it easy to navigate, ensuring a seamless trading experience, whether you’re new to crypto or a seasoned trader.

Is BloFin Safe and Trustworthy?

Yes, Blofin is a safe exchange to trade on and claims to back user funds 1 to 1. Despite the no-KYC policy, BloFin maintains high security standards with strong encryption and secure storage practices, ensuring your assets are well-protected.

In short, BloFin prioritizes the security of your assets with advanced security protocols, here are some of the security features that BloFin boasts:

• Two-Factor Authentication (2FA): To further enhance the security of your account, BloFin offers Two-Factor Authentication (2FA). Enabling 2FA adds an extra layer of protection by requiring a secondary code from your mobile device in addition to your password.
• Regular Audits: BloFin undergoes regular audits to ensure the safety and integrity of its funds. These audits confirm that user assets are safely backed 1:1, providing additional reassurance of the platform’s reliability.
• Growing Popularity: BloFin is rapidly gaining traction in the crypto trading community including in South Korea, reflecting its increasing popularity and trustworthiness among traders. This growth is a positive indicator of the platform’s reliability and effectiveness.

How to Get Started with BloFin

1) Registration Process in South Korea

Step-by-Step Guide to Register on BloFin:

1. Visit the BloFin Website using our link: Go to the official BloFin website and register with your email address.
2. Use Promo Code: On the sign-up screen, enter promo code hawk to get a 20% discount on all trading fees, forever.
   

   ⚠️ Note: the code: hawk is case sensitive (so use all lower case)! 
   

3. Finish Account Creation: You’ll receive a verification email; click the link to verify your account.
   

4. Deposit funds: Below we will show you how to deposit.

Note: If you already have a BloFin account and want to benefit from the discount, you can still create a new account using our promo code hawk. Simply deposit your funds to the new account to start benefiting from the reduced trading fees.

2) Depositing Funds

How to Deposit Funds on BloFin:

1. Navigate to ‘Assets’: Click on ‘Assets’ and select ‘Deposit.’
2. Select Your Cryptocurrency: Choose the cryptocurrency you wish to deposit.
3. Copy the Deposit Address: Copy the address provided and use it to transfer funds from your external wallet (make sure to use the same network).

Available Deposit Methods on BloFin:

• BloFin currently supports deposits and withdrawals exclusively through cryptocurrency transfers from your crypto wallet.

3) Claiming Your 20% Trading Fee Discount

• To claim your discount, simply use the promo code hawk during registration. This will automatically apply a 20% discount on all trading fees for the lifetime of your account.

• Note: If you already have a BloFin account, you can still create a new account using our promo code hawk to get the discount. Simply deposit your funds to the new account to start benefiting from the reduced trading fees.

4) Placing Your First Trade

Steps to Place Your First Trade on BloFin:

• Go to the ‘Wallets’ Section: Ensure your funds are in the correct wallet for trading.
• Go to the ‘Trade’ Section: Click on ‘Trade’ and select your trading pair.
• Analyze the Market: Utilize BloFin’s charting tools to analyze market trends.
• Place Your Order: Choose between a market or limit order, enter the amount, and confirm your trade.

Final Thoughts

BloFin is a Great Choice for Traders

Not only is BloFin available in South Korea, it also offers high leverage and competitive trading fees without KYC requirements, making it an appealing option for many South Korean traders. With its user-friendly interface, advanced trading tools, and strong security measures, BloFin is a reliable platform for both new and experienced crypto enthusiasts.

FAQ Section

What are the deposit fees on BloFin?

There are no fees for depositing cryptocurrency into your BloFin account.

What are the withdrawal fees on BloFin?

BloFin does not charge withdrawal fees, but be aware of specific cryptocurrency network fees.

Is BloFin legit?

BloFin is a legitimate platform regulated by appropriate financial authorities. It complies with stringent security protocols and regulatory standards to ensure the safety and legality of its operations.

Is BloFin available in South Korea?

Yes, BloFin is available in South Korea, and you can use promo code hawk to get a 20% discount on trading fees for the lifetime of your account.

Is BloFin a trusted exchange?

BloFin is known for its high leverage options and competitive fees, with a growing reputation among traders for its reliable and secure trading platform.

In which countries is BloFin restricted?

BloFin is currently restricted in the following countries:

• Afghanistan
• Angola
• Bangladesh
• Belarus
• Burundi
• Cameroon
• Canada
• Central African Republic
• China
• Congo
• Côte D’ivoire
• Crimea
• Cuba
• Donetsk
• Eritrea
• Ethiopia
• Guinea
• Guinea-Bissau
• Haiti
• India
• Iran
• Iraq
• Lebanon
• Liberia
• Libya
• Mali
• Marshall Islands
• Myanmar
• Nicaragua
• North Korea
• Russia
• Rwanda
• Serbia
• Sevastopol
• Sierra Leone
• Luhansk
• Singapore
• Somalia
• South Sudan
• Sudan
• Syria
• Trinidad and Tobago
• United States
• Venezuela
• Yemen
• Zimbabwe.

Check BloFin’s website for the most up-to-date information on regional restrictions.

What if I already have a BloFin account but want to use the 20% discount?

If you already have a BloFin account, you can still benefit from the 20% discount on trading fees by creating a new account using our promo code hawk. Simply deposit your funds to the new account to enjoy the reduced trading fees.

Create a new BloFin account, using code hawk on the sign-up page.