Binance vs BloFin

Binance or BloFin: which to use

Binance vs BloFin is a comparison of two centralized exchanges with the same order-book design and the same 2 bp maker fee. Binance charges 5 bp taker, requires verified KYC to deposit or trade, lists 783 perp markets as of 1 October 2026 and has TradFi perps at 0 maker and 0.04% taker. BloFin charges 6 bp taker, lets you trade futures without ID, and caps withdrawals at 20,000 USDT a day until you verify. Both offer up to 150x. Taker fee, market count and ID rules decide it for most traders.

How each exchange is built

Binance and BloFin are both centralized exchanges (CEX): you open an account with the company, and the account holds your funds. Both match orders on a central limit order book. For the trader, that means an exchange account on each side rather than a self-custody wallet, and an order book that sets the price you get.

What the fees are on each side

Binance's base tier is 2 bp maker and 5 bp taker, per Binance's fee page. BloFin's base tier is 2 bp maker and 6 bp taker, per BloFin's fee page. Binance's stock and commodity perps (TradFi perps) charge regular users 0 maker and 0.04% taker, "until further notice" as of 29 September 2026.

A market order pays the taker fee to open and again to close: 10 bp per round trip on Binance's crypto perps and 12 bp on BloFin. A limit order that rests on the book pays the maker fee instead, 2 bp on both. The maker rate is identical, so the gap shows up only for market orders.

The fee is only part of the cost. Slippage is the price you move by eating through the order book, and it grows with size. The cost table above adds it to the fee at each size from $1k to $5M, so read the round trip there, not from the fee alone.

How many markets and how much leverage

As of 1 October 2026 Binance lists 783 active perps, 213 of them stocks, commodities, FX or other real-world assets. BloFin lists 495, 115 of them real-world assets. If you want more stock and commodity perps on one exchange, the count favors Binance. The real-world asset perps page covers that group of markets across exchanges.

Both exchanges offer up to 150x on their highest-leverage markets, and most markets allow less. A Binance futures account under 30 days old is capped at 20x. BloFin has no leverage limit for futures without ID.

Both pay funding every 1 hour, 4 hours or 8 hours depending on the market. An hourly market settles 24 times a day, an 8-hour market three times, so check the interval of a market before you hold it. The list further down this page shows the markets both exchanges have and each one's funding rate.

Who can use them without ID

Binance requires verified KYC to deposit or trade. BloFin is limited without ID: trading starts without ID, inside limits that verification lifts. You can trade futures without ID and with no leverage limit, but withdrawals are capped at 20,000 USDT a day until you verify.

Tokens

Binance's token is $BNB.

Reading the numbers on this page

Both exchanges publish open interest as one side of open positions, so the open interest row and chart above compare like with like. Neither exchange publishes TVL, as is usual for a centralized exchange, so the TVL row and chart have no figure for either.

Volume, depth and funding change every minute. Use the Head to head table for the live figures, and the BTC market page to see how each exchange's BTC funding and liquidity sit next to the rest.

Which one fits you

• Pick Binance if you trade with market orders on crypto perps: 5 bp taker against 6 bp.
• Pick Binance if you want more markets on one exchange: 783 against 495.
• Pick Binance if you want stock and commodity perps at 0 maker and 0.04% taker for regular users.
• Pick BloFin if you want to start trading futures without ID.
• Pick BloFin if you want no leverage limit on a futures account without ID, up to 150x, rather than a 20x cap in the first 30 days.
• Pick BloFin if you trade with limit orders and want the same 2 bp maker rate with a looser start.