Blofin Deposit - BloFin Blog

Mar 15, 2024

In the fast-paced world of cryptocurrency trading and investment, it's essential to have many options for buying digital assets. BloFin, a top cryptocurrency exchange, provides users with numerous ways to purchase cryptocurrencies. In this detailed guide, we'll show you the different ways you can buy crypto on BloFin, highlighting how versatile and user-friendly the platform is.

How to Buy Crypto on BloFin

Buy Crypto on BloFin (Website)

1. Open the BloFin website and click on [Buy Crypto].

2. At the [Buy Crypto] transaction page, choose the fiat currency and enter the amount you will pay

3. Select your payment gateway and click [Buy now]. Here, we’re using MasterCard as an example.

4. On the [Confirm order] page, carefully double-check the order details, read and tick the disclaimer, and then click [Pay].

5. You will be guided to Alchemy to complete the payment and personal information.

Please fill in the information as required and click on [Confirm].

Buy Crypto on BloFin (App)

1. Open your BloFin app and tap on [Buy Crypto].

2. Choose the fiat currency, enter the amount you will pay, and click [Buy USDT].

3. Choose the payment method and tap [Buy USDT] to continue.

4. On the [Confirm Order] page, carefully double-check the order details, read and tick the disclaimer, and then click [Buy USDT].

5. You will be redirected to Simplex to finalize the payment and provide personal information, then verify the details. Fill in the required information as instructed and click on [Next].

If you have already completed verification with Simplex, you can skip the following steps.

6. Once verification is done, click [Pay Now]. Your transaction is complete.

How to Deposit Crypto on BloFin

Deposit Crypto on BloFin (Website)

1. Log in to your BloFin account, click on [Assets], and select [Spot].

2. Click on [Deposit] to continue.

Note:

When clicking on the fields under Coin and Network, you can search for the preferred Coin and Network.
When choosing the network, ensure it matches the withdrawal platform’s network. For example, if you choose the TRC20 network on BloFin, select the TRC20 network on the withdrawal platform. Selecting the wrong network may result in fund loss.
Before depositing, check the token contract address. Ensure it matches the supported token contract address on BloFin; otherwise, your assets may be lost.
Be aware that there is a minimum deposit requirement for each token in different networks. Deposits below the minimum amount won’t be credited and cannot be returned.

3. Select the cryptocurrency that you want to deposit. Here, we’re using USDT as an example.

4. Choose your network and click the copy button or scan the QR code to obtain the deposit address. Paste this address into the withdrawal address field on the withdrawal platform.

Follow the provided instructions on the withdrawal platform to initiate the withdrawal request.

5. After that, you can find your recent deposit records in the [History] - [Deposit]

Deposit Crypto on BloFin (App)

1. Open the BloFin app and tap on [Wallet].

2. Tap on [Deposit] to continue.

Note:

When clicking on the fields under Coin and Network, you can search for the preferred Coin and Network.
When choosing the network, ensure it matches the withdrawal platform’s network. For example, if you choose the TRC20 network on BloFin, select the TRC20 network on the withdrawal platform. Selecting the wrong network may result in fund losses.
Before depositing, check the token contract address. Ensure it matches the supported token contract address on BloFin; otherwise, your assets may be lost.
Be aware that there is a minimum deposit requirement for each token on different networks. Deposits below the minimum amount won’t be credited and cannot be returned.

3. Upon being redirected to the next page, choose the cryptocurrency you want to deposit. In this example, we are using USDT-TRC20. Once you’ve selected a network, the deposit address and QR code will be displayed.

4. After initiating the withdrawal request, the token deposit needs to be confirmed by the block. Once confirmed, the deposit will be credited to your Funding account.

Please view the credited amount in your [Overview] or [Funding] account. You may also click on the records icon in the top right corner of the Deposit page to view your deposit history.

Frequently Asked Questions (FAQ)

What is a tag or meme, and why do I need to enter it when depositing crypto?

A tag or memo is a unique identifier assigned to each account for identifying a deposit and crediting the appropriate account. When depositing certain crypto, such as BNB, XEM, XLM, XRP, KAVA, ATOM, BAND, EOS, etc., you need to enter the respective tag or memo for it to be successfully credited.

How to check my transaction history?

1. Log in to your BloFin account, click on [Assets], and select [History].

2. You can check the status of your deposit or withdrawal here.

Reasons for Uncredited Deposits

1. Insufficient number of block confirmations for a normal deposit

Under normal circumstances, each crypto requires a certain number of block confirmations before the transfer amount can be deposited into your BloFin account. To check the required number of block confirmations, please go to the deposit page of the corresponding crypto.

2. Making a deposit of an unlisted crypto

Please ensure that the cryptocurrency you intend to deposit on the BloFin platform matches the supported cryptocurrencies. Verify the full name of the crypto or its contract address to prevent any discrepancies. If inconsistencies are detected, the deposit may not be credited to your account. In such cases, submit a Wrong Deposit Recovery Application for assistance from the technical team in processing the return.

3. Depositing through an unsupported smart contract method

At present, some cryptocurrencies cannot be deposited on the BloFin platform using the smart contract method. Deposits made through smart contracts will not reflect in your BloFin account. As certain smart contract transfers necessitate manual processing, please promptly reach out to online customer service to submit your request for assistance.

4. Depositing to an incorrect crypto address or selecting the wrong deposit network

Ensure that you have accurately entered the deposit address and selected the correct deposit network before initiating the deposit. Failure to do so may result in the assets not being credited.

Is There A Minimum Or Maximum Amount For Deposit?

Minimum deposit requirement: Each cryptocurrency imposes a minimum deposit amount. Deposits below this minimum threshold will not be accepted. Please refer to the following list for the minimum deposit amounts of each token:

Crypto	Blockchain Network	Minimum Deposit Amount
USDT	TRC20	1 USDT
	ERC20	5 USDT
	BEP20	1 USDT
	Polygon	1 USDT
	AVAX C-Chain	1 USDT
	Solana	1 USDT
BTC	Bitcoin	0.0005 BTC
BTC	BEP20	0.0005 BTC
ETH	ERC20	0.005 ETH
ETH	BEP20	0.003 ETH
BNB	BEP20	0.009 BNB
SOL	Solana	0.01 SOL
XRP	Ripple (XRP)	10 XRP
ADA	BEP20	5 ADA
DOGE	BEP20	10 DOGE
AVAX	AVAX C-Chain	0.1 AVAX
TRX	BEP20	10 TRX
TRX	TRC20	10 TRX
LINK	ERC20	1 LINK
LINK	BEP20	1 LINK
MATIC	Polygon	1 MATIC
DOT	ERC20	2 DOT
SHIB	ERC20	500,000 SHIB
SHIB	BEP20	200,000 SHIB
LTC	BEP20	0.01 LTC
BCH	BEP20	0.005 BCH
ATOM	BEP20	0.5 ATOM
UNI	ERC20	3 UNI
UNI	BEP20	1 UNI
ETC	BEP20	0.05 ETC

Note: Please ensure that you adhere to the minimum deposit amount specified on our deposit page for BloFin. Failure to meet this requirement will result in your deposit being declined.