Getting Started with Futures Trading on BloFin: A Comprehensive Guide

Steps to Start Trading Futures on BloFin 

• Create an Account: Sign up on the platform and verify your email. 

• Complete KYC Verification: Submit your identity documents to unlock full platform features. 

• Deposit Funds: Add funds to your futures wallet through deposits or internal transfers. 

• Choose a Trading Pair: Select the asset pair you want to trade. 

• Set Leverage: Adjust leverage for your chosen pair (up to 150x for certain pairs). 

• Place an Order: Confirm your order (long or short) based on your trading plan. 

• Manage Risk: Use tools like stop-loss and take-profit to protect your capital. 

• Withdraw Profits: Close the trade and move any profits to your wallet for withdrawal. 

Now, let’s explore how to trade futures on both the BloFin website and mobile app. 

Trading Futures on the BloFin Website 

        1. Create an Account 

To begin, visit BloFin’s website and click on the “Sign Up” button. Register using your email and complete the verification sent to your inbox. After logging in, the dashboard will display futures trading options. 

       2. Verify Your Account 

While account verification (KYC) is not mandatory for basic trading, it’s needed for withdrawals. Complete the KYC process by providing identity and address proof to enjoy full features like higher withdrawal limits and advanced trading options. 

       3. Deposit Funds 

You need funds in your futures wallet to trade. You can either transfer crypto from another wallet or move funds internally between wallets within BloFin (e.g., spot wallet to futures wallet). 

       4. Navigate the Interface 

Once funded, access the futures trading section, where you can choose from a wide range of asset pairs like meme coins, RWAs, and more. 

       5. Adjust Leverage 

After selecting a trading pair, choose between cross or isolated margin, with leverage options up to 150x. You can also set a market price or input a custom limit for your trade. 

       6. Place and Confirm Your Order 

Once the order is confirmed, you can track it in the “Open Orders” section. 

       7. Manage Risk 

BloFin offers standard risk management tools such as stop-loss and take-profit orders. These tools help protect your capital and lock in profits at your desired levels. 

       8. Withdraw Profits 

After closing your trades, transfer any profits to your spot wallet for easy withdrawal. 

Trading Futures on the BloFin Mobile App 

The steps to trade futures on the BloFin app are similar to the website. Download the app from the App Store or Play Store and log in using your credentials. If you’re new, you can also register directly through the app. 

1. Account Setup

After installing the app, log in or register, then enable biometrics for easy access. The app’s interface is user-friendly, with clear navigation for futures trading. 

2. Choose Leverage and Place Trades

Select cross or isolated margin, set the order type, and confirm the trade. You can view open orders on the same interface. 

3. Risk Management

Just like the web version, the app offers tools like stop-loss and take-profit. Once your trade is closed, you can move profits to the spot wallet or withdraw directly.