BloFin vs Lighter
Lighter has the higher grade on both axes: Safety 6.2 against 3.8, and Privacy 7.5 against 2.4.
BloFin
Centralised futures and spot exchange; unverified accounts can withdraw up to 20,000 USDT a day
Privacy
2.4/ 10
Poor
Safety
3.8/ 10
Poor
ID on risk flag KYC 3 Docs reviewed Full review →
Lighter
Zero-fee perpetuals and spot order book on an Ethereum layer 2, used with your own wallet
Privacy
7.5/ 10
Strong
Safety
6.2/ 10
Fair
No ID mentioned KYC 1 Docs reviewed Full review →
Side by side
| BloFin | Lighter | |
|---|---|---|
| Category | No-KYC Exchanges | No-KYC Exchanges |
| KYC policy | ID on risk flag | No ID mentioned |
| Custody | Custodial | Non Custodial |
| Sign-up | Not published | No account needed |
| Open source | No | No |
| Tor onion address | No | No |
| Coins | BTC, ETH, USDT, SOL, XRP | USDC, ETH, BTC, LIT |
| Pay with | Crypto | Crypto |
| Fees | Not published | Standard accounts: 0% maker and taker on regular orders, 0.01% on TWAP/advanced orders and RFQ; Premium/Advanced from 0.004% maker / 0.028% taker |
| Limits | Lv 0 (no documents): 20,000 USDT per 24h withdrawal; Lv 1 (ID + selfie): 1,000,000 USDT; Lv 2 (address proof): 2,000,000 USDT | Not published |
| Not available in | Terms list, among others: United States, Canada, China, India, Singapore, United Arab Emirates, Iran, North Korea, Cuba, Russian-controlled regions of Ukraine, Iraq, Lebanon, Libya, Myanmar, Somalia, Sudan, Yemen, Zimbabwe | United States, Canada, United Kingdom, China, North Korea, Russia, Ukraine, Cuba, Iran, Venezuela, Syria |
| Incidents on record | 0 | 0 |
| Published tests (180 days) | 0 | 0 |
Only BloFin
CustodialClosed sourceMay request ID
Both
Excludes US users
Only Lighter
No registrationNo email neededNo phone neededNon-custodial
Where they sit among no-kyc exchanges
Questions
Is BloFin or Lighter safer?
Lighter has the higher Safety grade: BloFin 3.8, Lighter 6.2, out of 10.
Does BloFin or Lighter require KYC?
BloFin is KYC level 3 (ID on risk flag). Lighter is KYC level 1 (no ID mentioned).
Which has more incidents on record?
BloFin has 0 and Lighter has 0 documented incidents in the registry.