Introduction to Bitget futures position voucher

What are futures position vouchers?

Futures position vouchers are a special perk offered by Bitget to investors, primarily focusing on USDT-M Futures trading.

For investors, these vouchers offer a range of unique advantages. Most notably, they provide investors with an opportunity to engage in futures trading at zero cost. By obtaining free position vouchers, investors can experience the excitement and challenges of futures trading without risking their initial capital. This allows them to become familiar with its operational mechanics and explore potential profits.

Features of position vouchers:

• Free access: Users acquire futures position vouchers at no cost through Bitget's futures trading promotions.

• Increased trading opportunities: These vouchers increase trading capabilities, enabling more futures trades without additional capital.

• Cost efficiency: Since vouchers are acquired free of charge, they effectively reduce trading expenses and improve trading efficiency.

• Flexibility: Typically, position vouchers offer flexibility in their usage, allowing users to apply them based on individual needs and market conditions.

Instructions for using position vouchers:

Here are some important guidelines for futures position voucher usage:

• Follow the platform's specified process to claim your futures position voucher.A status change to Claimed in the Coupons indicates successful claim.

• Eligible futures: Clearly identify which futures assets and markets qualify for the position vouchers; trading is restricted within specified parameters.

• Trading restrictions: Be aware of and comply with the potential trading constraints associated with the voucher, such as position direction, maximum leverage, and position size.

• Risk assessment: Conduct a thorough risk assessment before utilizing vouchers, as they are subject to market fluctuations.

• Expiration: Monitor the validity period of your position vouchers and ensure timely utilization to prevent expiration.

• Market monitoring: Stay vigilant about market dynamics and adjust voucher usage accordingly.

• Profit and loss handling: Profits and losses incurred through position vouchers are processed according to standard trading rules.

• Rule updates: Stay informed of any revisions or updates to position voucher rules to maintain compliance.

Usage restrictions for position vouchers:

• Position vouchers cannot be used if you have USDT-M Futures in one-way mode.

• Position vouchers cannot be used if your voucher's trading pair operates under cross margin mode.

• Position vouchers are ineligible if the trading pair associated with your position is undergoing liquidation.

• Only one position voucher can be used per position at a time.

• Position vouchers cannot be combined with other funds; you cannot utilize them for opening positions in the same direction if you have existing open positions or unfilled orders for a trading pair.

• Utilizing a position voucher to open a position is contingent upon overall maximum allowable limits.

Position voucher recovery rules:

• If an order involving a position voucher fails to execute, any associated bonus will be revoked.

• Canceling an order after successfully placing it with a position voucher results in the recovery of the bonus.

• Full or partial closure (including reverse orders) of a position opened with a position voucher results in full or partial recovery of the associated bonus.

• Liquidation or partial liquidation of a position opened with a position voucher also results in corresponding recovery of the voucher bonus.

• Upon expiry of a position voucher, the associated position is closed at the prevailing market price.

• Due to price volatility, there's a possibility that a position voucher may not be fully executed after placing an order, leading to recovery of any unexecuted portion.

• System reminders are provided in case of order failures subsequent to using a position voucher.

Position voucher FAQ

1. How can I view my claimed position vouchers?

• Navigate to Profile > Coupons on the homepage once you've claimed your vouchers.

• Before claiming, vouchers are listed as "to claim". Failure to claim them within the validity period changes their status to "expired".

• After claiming, the status updates to Claimed. If not used within the validity period, it changes to Invalid.

• Claiming does not involve fund transfers or generate new transaction history.

2. How do I utilize a claimed position voucher?

• Position vouchers can be used to open positions, set TP/SL, or close positions. However, note that both TP/SL settings and voucher expiration can trigger partial or full liquidation.

• Profits realized through a position voucher are deposited into your futures account as cash.

• Losses incurred are limited to the book value of the voucher (position bonus).

3. Can position vouchers be used to offset transaction fees?

• Yes, position vouchers can be used to offset funding fees, closed position losses, and transaction fees.

4. What are the different statuses of a position voucher?

• To claim: Voucher is pending claim by the user; eligibility has been configured.

• Expired: Voucher not claimed within the validity period.

• Claimed: Voucher claimed by the user without opening any positions yet.

• Invalid: Voucher unused within the validity period post-claim, resulting in no recovery.

• Used: Voucher used to open a position.

5. Do losses from futures position vouchers affect my account balance?

• Losses incurred through futures position vouchers do not impact your account balance, as they do not involve personal funds.

In practice, maintaining composure and rationality is essential, avoiding unnecessary risks associated with excessive profit-seeking. Continual learning and enhancement of futures trading knowledge and skills are critical for effectively leveraging futures position vouchers.