What is Position Voucher and How to Use Them?
[Estimated Reading Time: 4 mins]
Position Vouchers are powerful tools provided by Bitget to help users open trading positions without committing their personal funds directly. These vouchers are tailored for different trading types, including Futures, Copy Trade, and Bot Trading (Futures and Spot), making them versatile and valuable for traders of all experience levels.
Types of Position Vouchers
1. Futures Position Voucher: Used to open positions in futures trading, covering initial margin, trading fees, or losses.
Key Features:
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Allows users to open futures positions without using their own funds.
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Can be used as margin to support trades, offset transaction fees, or fund losses.
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Non-withdrawable, but profits earned from trades using the voucher can be withdrawn.
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If invalidated due to withdrawals or transfers, trading bonuses may result in position liquidation.
2. Copy Trade Position Voucher: Enables users to replicate the trades of professional traders (Elite traders) without using their funds directly.
Key Features:
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Covers the margin and fees for trades executed under copy trading.
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Specific to the Copy Trade feature and cannot be used for other trading types.
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Provides risk-free entry into copy trading for new or cautious users.
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Profits from copy trades using the voucher are fully withdrawable.
3. Bot Trading Position Voucher: Supports trades executed by automated trading bots, including futures and spot market bots.
Key Features:
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Applicable to bot-generated trades in both futures and spot markets.
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Can fund initial bot trading positions or offset fees associated with bot operations.
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Encourages the exploration of automated trading strategies with reduced financial risk.
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Like other vouchers, they are non-withdrawable, but profits from trades using the voucher can be withdrawn.
Key Benefits of Position Vouchers
1. Risk-Free Exploration: Offers users the chance to experiment with different trading types without using personal funds.
2. Profit Opportunities: While the voucher itself is non-withdrawable, profits earned from trades are fully withdrawable.
3. Versatile Application: Supports multiple trading types, including futures, copy trading, and bot trading.
4. Reduced Costs: Covers initial margins, fees, or losses, helping users optimize their trading budget.
How to Use Position Vouchers Across Trading Types
1. Claim the Voucher: Visit the Rewards Center to claim available vouchers.
2. Select the Trading Type: Choose the trading type (Futures, Copy Trade, or Bot Trading) where the voucher will be applied.
3. Apply the Voucher: When initiating a trade, select the voucher as the funding source.
4. Track Your Performance: Monitor the performance of trades executed with the voucher in your dashboard.
5. Withdraw Profits: Any profits earned using the voucher can be withdrawn, subject to platform terms and conditions.
Note: Tap on the question icon to learn more information about each type of voucher.
FAQs
1. What is a Position Voucher?
A Position Voucher funds trading positions for Futures, Copy Trade, or Bot Trading, helping users trade without using their personal funds.
2. Can I withdraw profits earned with a Position Voucher?
Yes, profits earned using a Position Voucher are withdrawable, but the voucher itself is not.
3. What trading types are supported by Position Vouchers?
Position Vouchers can be used for Futures, Copy Trade, and Bot Trading (Futures and Spot).
4. Do Position Vouchers have an expiration date?
Yes, all Position Vouchers have a fixed validity period. Ensure you use them before they expire.
5. Can Position Vouchers be transferred or shared?
No, Position Vouchers are tied to your Bitget account and cannot be transferred or shared.
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