Your Complete Guide to Using Bitget's Futures Position Vouchers
What is the Bitget Futures Position Voucher?
The futures position voucher represents a recent addition to the Bitget platform, offering exclusive benefits to futures traders, especially those engaged in USDT-M futures trading. This innovation voucher provides Bitget's users with significant advantages. Firstly, it allows traders to explore futures trading without any initial cost. By receiving free futures positions, you can gain practical insights into futures trading mechanics without risking your own capital. Secondly, being free of charge, the voucher contributes to reducing trading expenses and enhancing overall trading efficiency.
Features of the Position Voucher
- Free of Charge: You can acquire the voucher for free through participation in Bitget's futures trading activities.
- Expanded Trading Opportunities: The voucher provides more trading opportunities, enabling you to engage in more futures trading activities without the need for additional capital investment.
- Cost Efficiency: Because the voucher is acquired for free, you can lower trading costs, thereby optimizing trading strategies.
- Flexibility: The voucher offers flexibility, you can decide whether to utilize it based on your individual needs and prevailing market conditions.
Using the Position Voucher
Finding the Voucher (on APP)
Launch the Bitget app and navigate to "More" located in the top right corner. Select "Coupons" to access all available futures position vouchers.
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Alternatively, on the futures trading page, tap the three dots "[...]" in the upper right corner and enter the "Coupons Center."
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Finding the Voucher (on Web)
Log into your Bitget account via the website. Click on "Profile" at the top right, then choose "Coupons" from the dropdown menu to view available position vouchers.
Additionally, on the futures trading page, click on the 'coupon' icon located in the upper right corner.
How to Use the Voucher (on APP)
Step 1: Navigate to the USDT-M futures trading page within the app. Tap on "..." at the top right, select "Futures settings" from the menu, and adjust the position mode to "Hedge mode."
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Step 2: Tap on the margin mode options box at the top left of the futures trading page and switch the position mode to "Isolated."
Step 3: Tap the "+" (Transfer) button to transfer assets from other accounts to the USDT-M futures account.
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Once these conditions are met, a pop-up window will confirm that you can now use the voucher for your futures orders.
How to Use the Voucher (on Web)
Remember to complete KYC verification before utilizing the futures position vouchers.
Step 1: Set the position mode to "Hedge mode" in the preferences section.
Step 2 - Set the margin mode to "Isolated" mode.
Step 3 - Click on the 'Transfer' icon to transfer the assets from other accounts to the USDT-M futures account.
Once these conditions are met, a pop-up window will confirm that you can now use the voucher for your futures orders.
Position Voucher Rules
The voucher can be used to cover the transaction fees, losses, and funding fees associated with futures transactions. When an order placed using the voucher is successfully canceled, the corresponding voucher funds are also forfeited. Additional considerations include:
- Profits earned through a position voucher are credited to the user's futures account.
- Upon the expiry of a position voucher, the associated position is closed, and the remaining bonus will be forfeited.
- Canceling an order after successfully placing it with a position voucher results in the forfeit of the bonus.
- If an order involving a position voucher fails to execute, any associated bonus will be revoked until the voucher balance reaches zero.
- Liquidation of a position opened with a position voucher also results in the corresponding forfeit of the voucher bonus.
- Full or partial closure (including reverse orders) of a position opened with a position voucher results in full or partial forfeit of the associated bonus.
You can view the voucher's balance in the 'Assets' section.
We hope this comprehensive guide will empower you to fully grasp and leverage Bitget's futures position vouchers for your trading success. Happy trading!
Related articles
How To Make Your First Futures Trade
A Comprehensive Introduction to USDT-M Futures, USDC-M Futures, and Coin-M Futures
Key Futures Trading Terms and Their Application Scenarios
Introduction to Futures Order Types
Introduction to Futures Trading Modes
Introduction to Take Profit and Stop Loss (TP/SL) in Futures Trading
