BloFin Restricted Countries List 2025 – Regions & Alternatives

List of BloFin Restricted Countries

According to BloFin’s Terms of Use, the platform restricts access from certain jurisdictions due to compliance with international sanctions, local laws, and regulatory requirements.

Below is the 2025 BloFin Restricted Countries list:

• United States of America: Restricted under U.S. OFAC sanctions and local financial compliance prohibiting unlicensed crypto trading and related financial activities.
• Canada: Access limited due to evolving national regulations governing crypto derivatives, taxation rules, and strict exchange licensing requirements.
• Singapore: Restricted under local Monetary Authority (MAS) controls on unregulated derivatives, retail protections, and cross-border trading limitations.
• China (People’s Republic of): Prohibited following the national ban on cryptocurrency exchanges, digital asset trading, and peer-to-peer token transactions.
• Russia and Controlled Ukrainian Regions (Crimea, Donetsk, Luhansk, Sevastopol): Restricted per sanctions relating to territorial conflicts, embargoes, and financial network prohibitions.
• Iran and North Korea: Fully blocked in line with UN and international sanctions targeting financial isolation, laundering prevention, and illicit financing channels.
• Myanmar and Venezuela: Limited access due to political sanctions, instability, economic restrictions, and anti-corruption compliance enforcement concerns.
• Afghanistan and Sudan: Prohibited as part of international counter-terrorist financing measures, unstable legal frameworks, and regional embargo obligations.

BloFin notes that this list may be expanded or updated without prior notice, reflecting regulatory, geopolitical, or sanctions changes globally. Users are advised to verify their eligibility regularly before creating or maintaining a BloFin account.

Countries and Currencies Supported by BloFin

BloFin serves a global community of traders across 150+ countries, reaching over 10 million monthly users through its crypto trading, futures, and fiat-to-crypto services. BloFin offers fiat options through Simplex and Alchemy Pay, supporting instant bank transfers, card payments, and SEPA transactions.

Below is the list of major fiat currencies supported by BloFin:

• USD (United States Dollar): Widely used for credit and debit card crypto purchases, offering fast transaction approvals and minimal fiat-to-crypto conversion delays.
• EUR (Euro): Supported via SEPA bank transfers with low fees, ensuring effortless deposits and withdrawals within the European Economic Area and partner banks.
• GBP (British Pound Sterling): Enables direct crypto buys with major UK banks and cards, ensuring strong compliance with FCA anti-fraud standards.
• AUD (Australian Dollar): Supports card-based and local gateway payments, offering conversions and rapid digital asset settlement for Australian users.
• JPY (Japanese Yen): Available through partner vendors enabling fast crypto purchases with local verification in compliance with Japan’s FSA regulations.
• BRL (Brazilian Real): Accepted through Alchemy Pay’s local payment integrations, allowing fast processing and transparent exchange rates for Brazilian traders.
• NGN (Nigerian Naira): Accessible through approved vendors offering localized payment options, optimized for Africa’s growing crypto adoption.
• INR (Indian Rupee): Supported with limited availability due to regulatory restrictions, allowing verified users to purchase stablecoins via card or wallet.

BloFin applies competitive fiat deposit and conversion fees, which vary by payment method, region, and gateway provider. Typically, total charges range from 2% to 5%, with transparent pricing displayed before each transaction to ensure user clarity and cost control.

Does BloFin Require Mandatory KYC Verification?

BloFin requires Know Your Customer (KYC) verification to comply with global Anti-Money Laundering (AML) and Counter-Terrorism Financing (CFT) regulations. New users begin with a Basic Level (Lv 0) account, which provides limited access and a 24-hour withdrawal limit of 20,000 USDT.

To access higher transaction privileges, users must complete Personal Information Verification (Lv 1) or Address Proof Verification (Lv 2). These advanced levels raise daily withdrawal limits to 1,000,000 USDT and 2,000,000 USDT respectively, while maintaining unrestricted trading and leverage features.

Verification requires users to upload government-issued identification such as a passport, ID card, or driver’s license, followed by facial verification. The automated review system usually completes approval within 24 hours, providing a fast and secure verification process.

KYC completion is mandatory for all fiat-related operations, including SEPA transfers, debit or credit card purchases, and BloFin Card applications. Fully verified users benefit from higher withdrawal limits, improved account protection, and complete access to all BloFin trading and payment services.

Does BloFin Restrict Derivatives Trading?

BloFin offers global access to crypto derivatives markets but operates under rigorous compliance controls aligned with international financial and jurisdictional laws. As stated in its Terms of Use and Risk Disclosure Statement, trading derivatives is limited to verified users in eligible, non-restricted regions.

Below are the main restrictions governing BloFin’s derivatives trading services:

• Jurisdictional Limitations: Derivatives trading is prohibited in restricted regions, including the United States, Canada, Singapore, and all OFAC or UN-sanctioned territories, under compliance protocols.
• Investor Eligibility: Access is reserved for professional or experienced traders capable of understanding leverage and risk exposure, as defined within BloFin’s Risk Disclosure.
• Leverage Supervision: High-leverage positions are continuously monitored, and BloFin may enforce liquidation or reduction to maintain fair market conditions and platform stability.
• Regulatory Suspension: BloFin holds authority to suspend or alter derivatives offerings in response to legal, policy, or regulatory changes affecting specific jurisdictions.
• Loss Responsibility: Users must acknowledge full financial liability for potential derivative losses, including total asset depletion, as outlined in clause 9.1 of the Terms.
• Product Authority: BloFin independently determines derivative listings, adjusting availability or trading parameters based on liquidity, risk, and regional compliance obligations.
• Advisory Neutrality: The platform provides no investment or financial advice and maintains a neutral, non-fiduciary position toward all user trading decisions.

Furthermore, BloFin extends similar compliance principles to xStocks tokenized equity derivatives, which are restricted from the United States, the United Kingdom, and sanctioned jurisdictions. These tokens remain available only to eligible, sophisticated investors outside restricted zones.

Is Blofin Banned in the US?

Yes, BloFin is not permitted to operate in the United States, as stated in its Terms of Use listing the U.S. as a “Restricted Location.” The platform cannot offer trading or derivatives services to U.S. citizens due to federal compliance and securities restrictions.

This limitation aligns with OFAC and FinCEN regulations, which require exchanges to register and comply with U.S. money service laws. BloFin, operated by BuildLight Future Limited, lacks U.S. licensing and therefore cannot legally provide access to American users.

What Licenses Does Blofin Have?

BloFin discloses its operating entity as BuildLight Future Limited in its Terms of Use but does not publish full details of financial-licenses or VASP registrations on its website.

Below are the licensing-related statements publicly available about BloFin:

• Company incorporation disclosure: BloFin states that services are provided by BuildLight Future Limited, establishing its legal identity for operations.
• Regulatory-compliance reference: A PR Newswire release claims BloFin obtained a MAS-linked registration and Korean Verify VASP membership, though these remain unverified officially.
• No listed VASP numbers in Hong Kong registry: BloFin does not appear on the formal Hong Kong SFC list of licensed virtual asset trading platforms.
• Service-modification rights: BloFin’s Terms allow it to suspend or modify services in any jurisdiction based on compliance or regulatory changes, implying regulatory flexibility.
• Broker/advisor disclaimer: BloFin clearly states it is not acting as a broker, intermediary or advisor, signalling limited fiduciary licensing status.
• Jurisdiction-based access restriction: The platform limits use in “Restricted Locations” and acknowledges that services may not be available depending on local laws.

Because publicly verified regulatory licences (such as a formal VASP registration number or full capital-markets licence) are not clearly disclosed, users should conduct further due-diligence regarding licence status in their own jurisdiction before trading on BloFin.

Best Alternatives if BloFin is Unavailable in Your Country

If BloFin is restricted in your region, investors can still access leading, fully regulated global exchanges offering comparable features and greater regional compliance. These alternatives provide secure trading environments, verified licensing, and multiple fiat on-ramps.

Below is a list of top regional alternatives to BloFin:

Best BloFin Alternatives in Europe

Kraken is one of Europe’s most trusted exchanges, offering deep liquidity, extensive asset selection, and transparent 1:1 Proof-of-Reserves auditing. Unlike BloFin, it operates under full MiCA compliance, making it suitable for European investors seeking regulatory assurance and institutional-grade custody services.

Uphold excels as a beginner-friendly multi-asset platform that allows users to trade crypto, metals, and fiat in a single account. It’s fully licensed under MiCA and stands apart from BloFin by providing proof-of-liabilities reporting, ensuring unmatched financial transparency for retail users.

Best BloFin Alternatives in the United States

Coinbase dominates U.S. crypto markets through its NYDFS-approved BitLicense and rigorous federal compliance framework. It offers a higher standard of consumer protection and legal clarity than BloFin, with easy fiat access and advanced trading via Coinbase Advanced.

Robinhood provides a simple, regulated trading environment combining equities and digital assets, all under NYDFS oversight. Compared with BloFin, it caters better to mainstream retail users seeking integrated crypto exposure without relying on offshore exchanges.

Best BloFin Alternatives in Asia

Bybit leads Asia’s derivatives market with strong trading infrastructure, 1:1 Proof-of-Reserves, and licenses from VARA (Dubai) and AFSA (Kazakhstan). While BloFin restricts derivatives in many regions, Bybit allows up to 100x leverage under strict, transparent compliance controls.

Gate appeals to Asian users seeking an expansive crypto ecosystem that includes NFTs, futures, and DeFi services. It operates under licenses in Lithuania and Malta, providing broader product diversity than BloFin while maintaining consistent regulatory diligence.

Bottom Line

BloFin’s future expansion will likely depend on obtaining additional regional licenses and formal VASP registrations to strengthen its regulatory credibility and market accessibility.

As more jurisdictions implement clear digital asset frameworks under MiCA, VARA, and similar laws, BloFin could broaden operations and re-enter restricted regions legally and transparently.

Investors should monitor BloFin’s licensing updates and compliance announcements, as these developments may open safer, fully regulated opportunities for global crypto trading.