Trading on BloFin offers users opportunities to engage in both spot trading and futures trading, along with advanced features like copy trading and trading bots.
Spot Trading
BloFin’s spot trading platform allows users to buy and sell cryptocurrencies directly, such as BTC/USDT or ETH/USDT. Users can place orders using three types:
- Limit Orders (executed at a specific price or better),
- Market Orders (executed immediately at the best available price),
- Trigger Orders (activated when a specific condition is met, then executed as a limit or market order).
Traders can monitor active orders and order history through a clear interface. The platform also offers flexible asset management tools to easily transfer funds between accounts for trading purposes.
Futures Trading
BloFin supports perpetual swap contracts, which allow traders to speculate on the price movements of cryptocurrencies without expiration. Traders can:
- Open long positions (profit if the price rises) or short positions (profit if the price falls).
- Use cross margin or isolated margin modes.
- Set advanced risk management tools like Take Profit/Stop Loss (TP/SL) to automatically lock profits or minimize losses.
Futures traders can also apply leverage, enabling higher exposure with smaller initial capital, but this increases risk significantly.
Copy Trading and Bots
BloFin offers a copy trading feature that allows users to mirror the trades of experienced professionals. Users can filter and choose top traders based on ROI, assets under management (AUM), and other metrics. Additionally, trading bots are available for automated strategies, reducing the need for constant manual intervention.
Accessibility
BloFin provides a user-friendly interface on both its web and mobile platforms. It supports multi-currency transfers and integrates asset management seamlessly across its trading services.
If you’re new to trading, BloFin also offers demo trading, allowing you to practice without risking real funds.
Check out the BloFin website.