BloFin Tutorial for Beginners 2026 (Trade Crypto on BloFin) Layah Heilpern

Hey guys, welcome back to my YouTube channel. So, over the last few years, my personal crypto strategy has actually changed a lot. I've gone from being an investor to doing a lot of day trading. And the main platform that I use to do all of this trading is Blofin. So, here's a beginner's guide on how to use Blowofin. Let's get into it. So, if you want to trade crypto properly with leverage on an exchange that doesn't make you do any KYC and actually lets people in the UK and the US trade, then you need to know about Blofin. So, I've been trading on it daily for several years now. And in this video, I'm going to walk you through everything from opening an account to placing your very first long and short trade. We're covering security, fees, deposits, the trading interface, market and limit orders. Of course, we're going to be talking about leverage, and at the end, I'm going to show you a real long and short trade example. There are also some bonuses that you can get if you use my referral link. So, I'll leave that link for you in the description below. Before we start, don't forget to hit the like button and subscribe. Now before we touch anything, I want to talk about security because if you're putting real money on this platform, you need to secure your account properly. So Blofen gives you three layers of protection and you should turn all three of them on the exact moment that you sign up. So the first is two factor authentication via Google authenticator. Not SMS, but Google authenticator. This is actually extremely important because SMS can be SIM swapped. Google authenticator can't. Second is anti- fishing code. So you set a custom phrase and every legit email that Blofin sends you will include that phrase. So if you ever get an email claiming to be from Blowofin and your phrase isn't in that email, then you know it's fake and it's a scam. And the third is withdrawal whitelist. So you can actually lock withdrawals so that funds can only go to a wallet address that you've pre-approved. So even if somebody gets into your account, then they can't withdraw any of the money to anywhere new. Turn all three of these on. It literally takes just 5 minutes. It's literally going to save your life. Okay, let's get into fees because fees on blowofin are actually some of the lowest in the industry. On futures, you're looking at around 0. 02% maker, 0. 06% taker. On spot, it's 0. 1% across the board. If you sign up via my link in the description below, you also get discounts stacked on top of that, which means cheaper trades for life. And it may not sound like a lot per trade, but if you are trading even a couple of times a week, then these fees really compound fast. So, let's talk about how to actually get hold of some crypto because if you're going to be buying, let's say, Bitcoin, you're going to need crypto to buy it with. Or if you want to trade, you're going to need USDT to trade with. So, how do we get actual crypto into your Blofin account? So, Blowin actually lets you buy it directly with a debit or credit card. So, let me show you how to do that now. So, you go to the deposit section. and we're going to click buy crypto. Of course, you're going to be buying using your card, right? So, naturally, you're going to be KYCing yourself. So, this is totally up to you. You don't have to do this. You if you already have crypto, you can, of course, just send the money from a previous wallet onto the exchange. But, if you don't have any crypto and you want to start buying, it's super simple. So, say for example, you want to trade futures, you're going to need some USDT, right? So, I'd always recommend starting with USDT. Even if you don't want to trade futures, you just want to spot buy, for example, some Bitcoin, you're going to need to go from USDT to Bitcoin. So, the best thing to do is to start with buying USDT. Let's say I want $1,000. I'm going to type in $1,000. Okay. So, I'm buying $1,000 and it's going to give me $964 USDT. You can choose where you want to deposit it to. So, you just want to do it to your funding. Um, and then yes, you click here. How am I going to buy it? What's my method? You can do Apple Pay, Google Pay. Obviously, there are zero fees. Um, or you can use a third party. You can use Visa, Mastercard. It's really up to you. So, whatever. I'll just click that. I click I understand. And then I'm going to click buy now. And then it takes me to this page. And it's basically like just purchasing anything online. I'm personally not going to do this right now. I don't really want to connect my bank account. Um, but totally up to you. You can go ahead and you can do that once it's done. So, if you go back, you will then see that it will sit in your funding account. So, I'm going to go assets. I have a little bit of USCT on here. So, I'm going to go funding. And it would appear in your funding account. Now, with Blowfin, you actually have a funding account. You have a spot account, a futures account, and a copy trading account. If you want to buy crypto with this USDT, say some Bitcoin, you're going to have to transfer the money into spot or if you want to start trading futures, you would then move the money into futures. So, I'm actually going to show you how to do that right now. So, my money is currently sitting in futures in USDT. Here are a couple of trades that I did earlier. So, I'm going to show you how to transfer it. So, it's very simple, very straightforward. And by the way, when you are trading futures, you're

going to want to use USDTM, but we'll get into that later. So for now, how to navigate between these uh three accounts is super important. So remember, funding, spot, and futures. These are your main three accounts. And of course, you have overview. It shows you everything. So right now, I have $372. Let's move that into spot. So I'm going to go transfer here. Funding. Well, it's not in funding, right? Remember, my money is already in futures. So I'm going to go uh sometimes it's a little glitchy, so you might have to go spot. If I switch it, USDTM, you have to play around with switching it a little bit. Spot. Okay, because USDTM is futures. That's currently where my money sitting. So, I'm going to take $10 and move it into spot confirm. And that's it. It takes literally a second. Now, I have $10 sitting in here. Now, before we go any further, a lot of people often wonder how much money should they be putting on Blofin? Is it safe? So I want to do a quick word on where your money actually sits on blowofin. So if you remember the FTX crash in 2022, it basically changed everything because from then onwards, every single exchange now publishes what's called proof of reserve. So it's basically an onchain receipt showing that they actually have the customer funds that they claim to have. So Blofin publishes theirs publicly and you can actually verify this at any time on their website. They use Merkel tree audits which means you can personally check that your specific balance is included in these reserves. The bottom line is your funds are onetoone backed and you can personally verify this yourself and that's not the case on every exchange. So this matters. Now if you're like me and you already have crypto and you don't really want to be using your credit cards or debit cards to buy crypto obviously you can just deposit funds directly into Blofin. So I'm going to show you how to do that now. So it's actually super simple. What you're going to do is remember we have three wallets, funding, spot, and futures. You're going to go to your funding account and you're just going to go deposit. You're going to pick the coin that you want to deposit. You can deposit absolutely anything. Bitcoin, XRP, TRX, literally anything, but just for uh today's example, let's just click USDT. So, now you're going to select the network. This is really important. You want it to match the coin that you're sending it from. Say, for example, you're sending USDT, right? You don't really want to be sending Tron USDT if you're going to click Ethereum. So, you need to make sure you're matching it correctly. If you're sending, if you do only have Tron USDT, then you want to select the network Tron. So, just make sure that you match it. You're then going to copy the address and then you're going to go to any other wallet that you have, Trust Wallet, MetaMask, Phantom, whatever the wallet is, and you're going to send it to this specific address. And when you deposit money like this, the fees are tiny. It's under a dollar and it confirms in literally just a few minutes. Okay, so now the money is in. Whether you deposited money from another crypto wallet or whether you actually bought it using a credit card, the money is in. So, what you want to do is transfer that money. Remember? So, we're going to come out of this section. going to go back and my money is currently sitting in spot. So, say we just want to spot by crypto. It's very simple. We're going to hover over this section here at the top. We're going to go spot. And now we have the entire interface in front of us. The layout is the exact same logic as futures. So, once you get spot, futures clicks practically instantly. Now, in the middle of the screen, we have the chart. At the top of the chart, you can change the time frame that you're looking at. So you can do 5 minutes, 15 minutes. If you're a beginner, I recommend staying on the 1 hour and above. Lower time frames is basically just noise and that's probably more suited to traders and we'll get into that. On the right hand side, we have the order panel over here. As you can see, this is the order book. And then you have on the right hand side, the far right, where you would actually spot buy. Now, at the very bottom, you have your open orders. positions and your history. I actually don't have any spot orders open. Um, but when we go to futures, you'll see what I have open. So this is the whole interface. It looks very busy, but once you understand it and you use it, it's really not that complicated. Now, if we go back up here where it said where we buy, there are two main types of orders that you need to know about. This is the same for future trading and for spot trading. So you have a limit orders and you have market orders. So a market order basically means that you buy or sell right now at whatever the current price is. You don't have to pick the price. You just take whatever the current price is. This is probably the best way to spot buy. So, if you want to buy some Bitcoin, you'd want to navigate to market. So, we can actually do that right now. I'll buy, let's say, um, I got $10 in the account. Let's see if it lets me buy $5. So, I'm actually going to change this. Yeah. So, I'm going to click So, instead of amount, because that's going to uh

value it by Bitcoin, I just want to do it by USDT. I'm going to type five and then I'm going to click and look you can see here the fees are practically nothing. So I'm going to click buy and it will give you this page confirming yes market meaning right now total USDT spot confirm. And because it was a spot buy it just we just had a confirmation at the top. If I go back to my wallet so I go asset and remember it's a spot buy. So I go to spot You will now see that I have I'm going to zoom in just under $5 of Bitcoin. Now, that's how you spot buy. Very straightforward. Now, let's quickly discuss limit orders. So, limit orders are a little bit smarter once you know what you're doing and you have the hang of it. So, a limit order is you basically saying, I want to buy Bitcoin, but only if it drops to X price. And you set that price. the order sits on the order book and it only fills if the market hits your price. So to do this again, it's really straightforward. So I'm going to go back to the spot page. We're going to switch to limit and you just say the price that you want to buy at. So say the price of Bitcoin right now is we have the current price. It's $80,400. So, say I want to buy, usually you want to put it lower, right? So, if Bitcoin drops to $78,000, I want to buy one whole Bitcoin. And then you would click buy Bitcoin. The order basically goes into the order book and it waits. So, there are two big advantages of doing this. So, first, you get the price you actually want and the second is you pay the lower make a fee instead of the take a fee because you're adding liquidity to the book instead of taking it away. The downside is if the market never gets to your price, your order never gets filled. So, you have to be patient. 90% of my entries are actually limit orders. Many people have a lot of limit orders just sitting there waiting, especially if we're at the beginning of a bare market and you think that the price of Bitcoin is going to come down. Many people will have loads of limit orders, let's say sitting at around $60,000. So, you've heard me mention maker and taker. So, I want to quickly go over what the difference is between the two fees. So a maker is somebody who places a limit order that sits on the book and they just wait. So you're basically making liquidity. So because you're adding value, you get a lower fee. A taker is somebody who places a market order or a limit order that fills immediately. So you're taking liquidity off of the book, a higher fee. On blowfin futures, maker is 0. 02%, take it is 0. 06%. So it's actually three times cheaper to be a maker. So, whenever you can, I'd recommend using a limit order instead of a market order because you save money, especially if you multiply that across hundreds of different trades. You're actually saving hundreds of dollars. Now, I quickly want to just explain what an order book is. It's this over here. I know it looks a little overwhelming and confusing. There's all these green and red things going on. So, let's get into it. So, the order book is the list of buy and sell orders sitting on the exchange right now. So, green is buyers, red is sellers. The numbers show price and quantity at each level. Where green and red meet in the middle, that's the current price. What you can read from this as a beginner is just supply and demand. So, if you see a massive wall of green just below the current price, that's a level that a lot of people want to buy at. If there's a big wall of red above, that's where sellers are stacked. You don't need to read the book like a wizard. Just know it's there and what the colors mean. Okay, now we've covered spot, which is super simple. Let's talk about the fun part, which is futures trading. So, I personally trade futures every single day. I have my very own VIP futures trading group. If you're interested in that, then I'm going to leave the link for you in the description below. We trade all the different crypto coins every single day. So, we're going to click futures at the top here with the little fire emoji. We want to click USDTM futures. That's super important. And you'll actually see that I have the interface is exactly the same, but you'll actually see that I have some orders open already. These were just some test ones. Um, I'm up $528. Whoop whoop. So, these are just some uh different things that I have open. We can go long and we can go short. I'll talk about all of that shortly. So, like I said, it's the exact same interface, the same chart, but now you've got two extra superpowers. So you can short, meaning you can profit when the price goes down. And you can use leverage, meaning you can actually trade with more capital than you actually have. This is where the real money in crypto is. It's also where a lot of losses happen. So you need to pay attention to the next few sections. So the first thing you're going to do is pick a pair. It's right up here, the same as when we did spot.

So I'm going to stick with Bitcoin. Now remember, in order to do any type of trade, we do need to fund the account. So I'm actually going to go back and I'm going to show you how to fund the account. So it's the same as spot. So we go to our asset section here. Let's just go overview so I can open up the full overview. So I actually already have money sitting in my futures account because I told you I trade futures, right? But if you don't, you would just go funding. Actually, let me move my money back in. So, I'm going to move money out of my futures and then move it to funding. Then I'm going to move it back in to show you. So, remember it's just transfer. So, mine's the other way around. So, USDTM, that's futures funding. So, let's move $10. Confirm. Okay. So, if you've just deposited money and you want to actually start trading futures, the money is going to go into your funding account. So, how to get it from funding to futures. Now, it has to be USDT. That's personally how I trade inside my VIP group. That's how most people trade. So, we're going to go transfer here. US. Uh, no. funding to USDTM and I'm going to send the money back. So, 10 bucks. It's so instant. Perfect. It's in. You can see it's gone. The number's gone to zero and it's back here. Okay, cool. So, let's go back to futures USDTM. And now we're here. So, like you saw before, I'm actually in two types of trades. I'm in both long and shorts. And that's what we do in my VIP group. We don't just pick one way. And this is where we look at something called position mode. So, there's two position modes that you can pick. There's oneway mode and hedge mode. One-way mode, you can only have a long or a short given pair, not both at the same time. If you flip from long to short, the long closes first. That's why you want to do hedge mode, which is what I'm personally on. That's why I have several positions open. And you can hold both a long and a short of the same pair simultaneously. Some people say that for beginners, you can use oneway mode. Hedge mode is more advanced. I don't really believe that. If you're in my VIP group, then you're going to want to have hedge mode on. So, I'll show you how to do that right now. Super simple. Takes a second. So, we click this shape here. Here, this is the settings, position mode, and then you click hedge mode. One way mode, hedge mode, confirm. So, I'm already on hedge mode. You saw I had a bunch of uh orders open, um positions open, some were long, some were short. You can see here. Now, there's two types of margin modes, and you can change that right over here at the top. There's isolated or there's cross. So, let's get into it. So cross margin uses your entire futures account balance as collateral for the trade. So if the trade goes the wrong way and the position can't sustain itself, it starts to eat into your whole account to keep the trade alive. So let's say for example, you have $100 in a trade, but you have $1,000 in your uh futures account. It's going to start eating into that $1,000. Isolated margin only puts the specific amount you assign to the trade at risk. So if the trade gets liquidated, you lose only what you put into that trade. So this is actually much safer. So in the example that I gave you, instead of eating into $1,000, you could only it will only to eat into that $100. That's the max that you can lose. Now, if you're a beginner, you must pick isolated. I can't stress this enough. The number of people I've seen just blowing up their entire accounts on a single trade because they were on cross margin is actually insane. So isolated every single time. I'm personally not a beginner, but I still only trade on isolated. Now, let's talk about leverage because that is the fun part. So, leverage is the multiplier on your position. So, 10x leverage means a 1% move in the market is a 10% gain or loss on your trade. 50x means a 1% move is 50%. 100x means liquidation in the blink of an eye. So, we never recommend trading with crazy leverage like that. So, let me show you how to set your leverage. It's super simple. We come to this section here. You can see an L for a long. So, it's currently set at 10x, S for short, 20X. You just click it and you can pick. So, right now I have it set at 10x, which is fine. I can change my short to 30x or I can type 25. Confirm. So, Blowin actually lets you go up to 150x. Don't recommend doing it. If you're a beginner, I'd recommend staying anywhere between 3 to 10x inside my VIP group. When we trade, we trade mostly between somewhere between 5x to around 35x. And I've been doing this for years. There's no prize for using more leverage. The higher the leverage just means you get liquidated much faster.

Okay, let's get into the maths behind leverage. So, say you've got $100 in your account and you open a Bitcoin long with 10x. your position size is now $1,000. So if Bitcoin moves up 1%, your position gains $10. That's a 10% return on your $100. If Bitcoin moves down 1%, you lose $10. So 10% of your account gone on a 1% market move. If Bitcoin moves 10%, you're liquidated. Account gone to zero. Now imagine the exact same trade at 50x. So a 2% move down, you're completely gone. That's why leverage completely kills people. Now, I want to explain how leverage works in relation to the amount that you put into a trade because I've seen a lot of people complain and say, "I put $1,000 or let's just say like $100, right? And the market's moving in their direction. " And they wonder, "Why am I only making a few cents on this trade? I have $100 in this trade. " So, that's actually not correct. So, say I do $100 over here. That's $100 including the leverage. Okay. So, say I'm gonna go long and I've got a 10x leverage and I put $100 here. The actual only amount of your uh capital that you're putting into a trade is $10, not $100. It's $10 of your own personal money. So, the amount of money that you can make is going to be based on that $10. So, say you put in $100 with 10x leverage and you have three different TPS, which I'll show you in a minute, and say you do a fair split between all three and you're taking out, let's say, around 3%, sorry, 33% per TP, you're really only going to be making several cents as each TP hits, even though you put $100 in. So, you have to understand that this number right here includes your leverage. So, let's place along. Let me show you how it works. So, I mentioned that sometimes you can have different TPS, right? So, you're slowly taking profit as the market moves in the direction that you want. So, now let's actually place a trade. So, I'm going to keep the $100. So, remember that's only actually $10 of my personal capital that I'm going to put into the trade because this number includes my leverage. We're then going to click TP and SL. So, let's look at the price of Bitcoin. The price of Bitcoin right now is $80,451. when we go long, even when we go short, when we trade futures, we can set several takerit targets. So, what I like to do, especially inside my VIP group, I like to put my TP as far away as possible as my first as my like my final TP as the first thing that I put in. So, let's just say I think that um Bitcoin is going to go to $85,000. I then like to add my other TPS between where it currently is and my $85,000 target. I like to do that retrospectively just to make sure that I'm in ASAP, right? So $85,000. I'll then pick a stop loss. I could do let's say $78,000. So I'm going to get stopped out if Bitcoin goes to $78,000. So we check everything. We're on market because I want to get in now. Of course you can do limit, but typically how we do it in my group is uh market. We get in instantly. I have my 10x leverage, $100. My final take profit is going to be $85,000. I'm going to go back in after once I've placed it so I can secure my entry and I'm going to go back in and add my different takeprofit. So, I'm going to take out incremental amounts on the way up to that final $85,000 number. So, I'm going to check everything is good. My stop loss. Yeah, I'm happy. Now, obviously, I'm going to click long. It shows me if this is definitely what I want to do. I'm going to click confirm. And as you can see, I'm now in the long right here. Now, to add the other TP TPS, we're going to scroll across. And you can see this section here, TPLS. You can see that my other trades, I have three take profits. I do that retrospectively, but I can change it now by clicking. So, it says one detail. So, I'm going to click this now and I'm going to add. So, here's my first TP. But for me, that's my final TP. So, I want to start taking out some profits on the way, right? So, I'm going to click add. And let's just say I want to add I want to do my first uh my first takeprofit at $81,200. I'm going to keep my stop loss exactly the same. Now, here at the bottom, it's asking how much of a percentage I want to take out when this TP actually hit. So, you can just move this down. I don't want to take 100% out. Maybe I want to just take 25%. Then I click confirm. So, now you can see I have two details. Maybe I'm going to add another takeprofit, right? So, it shows me what I've got. So, I've

got my first TP trigger price, $81,200. And then I can add another TP2 in between these two. And I'm going to go add, let's say, I'll make it $84,000. Keep my stop loss the same. 78. Maybe I want to take out 32%. Confirm. And now I have all my three TPS. You'll probably want to modify all of these so you have an even split between them. I mean, I can modify it. Now, for example, I could do 30% at TP1. Edit this again. Modify number two. So, now I have 70% left. I could do another 30% at TP2 and then at TP3 I could do so what do I have left 3030 right so I have 40% left so I could just take out the final amount at TP3 and you click confirm and that is how you do a long a short is exactly the same thing you would pick your leverage and then you just click report. And again, you can see all your different positions here. You can see your open orders here broken down per TP. You can modify them like I personally did. You can see your order history. Uh you can see position history. This is also where you can get those really cool cards that show you how well you've done. So I actually had here, this one's pretty good. Look over here. I did 182% on this tea along. So yeah, you this is how you can flex your wins as well. So I like doing that as well. So that is the full blow fin walkthrough. Sign up, security, fees, deposits, the interface, market orders, limit orders, leverage, longs, and shorts. Now you know more than 90% of people who trade futures. So if you do want to sign up with Blofin and actually get those really great bonuses, then I'm going to leave my referral link in the comments below. I also mentioned that I have a VIP trading group. So, if you want to get in on my live trading calls every single day instead of having to do this yourself and figure it out, my Elite Edge VIP group is also linked in the description below. And one thing that I haven't mentioned is that we recently built a fully automated trading bot using AI. So, this is my high futures AI bot and it literally executes every single trade that we announce inside my trading group. So, say for example, the trader puts out that long that I just did on Bitcoin, it will execute the trade for you instantly with all the three TPS here. So, you don't even need to worry about this. You go straight to your position section like I just showed you and the trade will just appear instantly. So, this is an AI trading bot and it fully automates everything for you and it's all done on Telegram. That's also linked below. Don't forget to like, subscribe, and I'll see you in the next