User documentation: Futures position voucher

A futures position voucher is a special type of margin issued by Bitget, independent from the user's own funds, and it can be utilized when opening futures positions.

Each voucher is valid for specific trading pairs and can be used to open positions for those pairs.

User guide:

• If you have more than one position voucher in your account, each voucher can only be used to open a single futures position.

• Vouchers can only be used when opening positions and are not transferable.

• A voucher can only be used once and cannot be accumulated.

• Position vouchers can only be used for opening isolated positions under the hedging mode at market price.

• When opening a position, the leverage and the position size can be adjusted if there are no open positions or orders in the same direction for the trading pair.

• However, the leverage and the position size cannot be adjusted if there are open positions and/or orders in the same direction for the futures trading pair.

• If a voucher is used when opening a position in the same direction as the existing position(s), they will be merged.

• When a voucher is used, the position margin cannot be further increased or decreased.

• When a voucher is used, the position cannot be partially closed, but flash close and position TP/SL are supported.

• In the event of a loss in the position opened with a position voucher due to liquidation or collateral shortfall, Bitget will cover the loss.

• If a position opened with a position voucher generates profit, the assets exceeding the initial face value of the voucher will be credited to the user's wallet balance after closing the position.

Validity terms:

• Vouchers that are claimed but not used within the specified period will be withdrawn.

• Vouchers in use will not expire.

• Vouchers will expire when the relevant positions are closed. If the value of a closed position (A) is less than or equal to the face value of the voucher (B), it will not be credited to your account. If A is greater than B, the amount of assets credited to your account will be A minus B.

Note:

• If a user is found to have obtained position vouchers through the use of multiple accounts without legitimate reasons, Bitget reserves the right to confiscate the issued vouchers and restrict the involved accounts,Bitget reserves the right to confiscate the issued vouchers and restrict the involved accounts.

• Bitget reserves the right to amend, change, or cancel the terms of the position voucher.

• Bitget reserves the right to the final interpretation of the futures position voucher.