Trading bonuses are a common feature offered by many trading platforms. These bonuses can serve as additional funds for qualified traders to use in their trading activities. This guide explains what they are, how they work, and the essential rules for using them effectively.
What is a Trading Bonus?
A trading bonus is a type of promotional credit that eligible traders can use. It typically functions as margin for various trading products, including USDT-margined cross trading, perpetual swaps, and options (excluding simple options).
To utilize a trading bonus, you must first activate the voucher. Once activated, these funds can be applied as trading margin or used to offset trading losses, transaction fees, funding costs, and other related charges. A key feature is that if you have an available trading bonus, the platform will use these funds before your own capital. While the bonus itself cannot be withdrawn, any profits you generate by using it are yours to keep and withdraw.
Key Requirements for Usage
Before you can use a trading bonus, certain conditions must be met:
- You must have completed identity verification (KYC) on the platform.
- You must have successfully claimed the bonus.
- You must be residing in a region where local laws and regulations permit derivative trading.
How to Claim and Activate Your Trading Bonus
Trading bonuses are typically distributed through promotional campaigns or events. The process to find and claim them is usually straightforward.
Locating the Bonus
You can generally find your trading bonus in the rewards section of your account:
- On the Mobile App: Navigate to Home > Menu > Rewards Hub > Trading Bonus.
- On the Website: Go to More > Rewards Hub > Trading Bonus.
Activating the Voucher
Bonuses in your rewards center are not active by default. The voucher must be activated before the funds are credited to your trading account. After a successful activation, the status will change, and the funds will be automatically transferred for your use.
Activation Rules
Activation is usually only supported for spot and futures trading modes. If your account is in another mode, you may need to switch to spot or futures mode to complete the activation process.
Managing Your Bonus: Balance and History
Once activated, it's important to keep track of your bonus funds.
Checking Your Balance
If you have multiple activated vouchers, your trading bonus balance will show the current cumulative total (i.e., total activated bonus minus any used bonus). You can view this balance in two primary locations:
- Assets > Trading Account > USDT Equity
- Within the Trading interface under Assets > USDT Equity
Viewing Transaction History
To see a record of your bonus activations and usage:
- On the Mobile App: Go to Assets > Trading Account > History.
- On the Website: Navigate to My Assets > Order Center > Trading Account History.
Scope and Application of the Bonus
Understanding where and how you can apply your trading bonus is crucial for effective use.
The bonus primarily functions as margin for your positions. It can also automatically offset various costs, including:
- Realized trading losses
- Funding fees
- Transaction costs
The bonus is always used before your personal funds when covering these expenses. The detailed scope of application is often as follows:
| Feature | Applicability |
|---|---|
| Account Mode | Spot & Futures Mode |
| Position Mode | Cross Margin Mode |
| Applicable Products | Perpetual Swaps, Futures, Options (excluding simple options) |
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Important Rules and Expiry Policies
Trading bonuses are subject to strict validity periods and usage rules.
Voucher Expiry
Each trading bonus voucher has an activation expiry date. If you do not activate the voucher within this period, it will expire and become invalid. Expired vouchers are typically not reinstated.
Balance Expiry
Even after activation, your bonus balance has a usage expiry date. Any credit that remains unused by this deadline will be reclaimed by the platform.
Account Mode Switching
If you switch your account out of spot and futures mode, any activated but unused trading bonus balance in your account will become invalid.
Key Terms and Conditions
- Non-Transferable & Non-Withdrawable: The bonus credit itself cannot be transferred to another account or withdrawn as cash.
- Profits Are Yours: All profits earned through the use of the bonus are fully withdrawable.
- Expiry Responsibility: It is your responsibility to note the activation and usage expiry dates. Platforms are not obligated to send reminders before a bonus expires.
- Interaction with Other Promos: If you receive a trading bonus and a commission cashback simultaneously, the platform will typically prioritize using the bonus to cover fees. The portion of fees covered by the bonus usually does not qualify for cashback.
- Regional Restrictions: Bonus availability is subject to local regulations and may not be offered in all jurisdictions.
- Abuse Policy: Platforms reserve the right to take action against any account involved in suspicious, malicious, or abusive activities related to bonus promotions. The final interpretation of the terms always rests with the platform.
Frequently Asked Questions
Q: Can I withdraw the trading bonus itself?
A: No, the bonus credit is non-withdrawable. However, any profits you generate by using the bonus in your trades can be withdrawn freely.
Q: What happens if my bonus expires?
A: If a voucher expires before activation or if an activated balance expires before use, the funds will be reclaimed by the platform and are generally not recoverable.
Q: Does the bonus work for all types of trades?
A: No, it's typically restricted to specific products like perpetual swaps and futures under cross margin mode. It usually does not apply to isolated margin positions or simple options trades.
Q: How do I know if I'm eligible for a trading bonus?
A: Eligibility is usually determined by your region (must be a permitted jurisdiction) and whether you have completed the required identity verification steps on the platform.
Q: What is the advantage of using a trading bonus?
A: The primary advantage is that it provides extra margin, increasing your trading power without risking more of your own capital. It also protects your own funds by being used first to cover losses and fees.
Q: Where can I find the exact expiry date of my bonus?
A: You can find the activation and usage expiry dates listed on the voucher details within the rewards hub or bonus section of your account. Always check these dates carefully.