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Futures Bonus Voucher Terms and Conditions

Futures Bonus Voucher Terms and Conditions

2020-02-24 06:32
Futures Bonus Voucher Terms and Conditions:
  • A bonus will be credited into your Futures account once the Futures Bonus Voucher is redeemed. You can check the bonus distribution from [Wallet] - [Futures].
  • Bonuses are denominated in a specific cryptocurrency and can only be applied to coin-margined contracts quoted and collateralized in the same cryptocurrency. For example, BTC bonus only applies to BTC-margined contracts. It cannot be applied to the accumulated PNL incurred from trading other coin-margined contracts.
  • Sub-accounts are not eligible for bonus voucher redemption.
  • Bonuses can only be used on the Binance Futures trading platform. Once redeemed, you cannot transfer it to other wallets.
  • If no trades are made after receiving the bonus, Binance reserves the right to reclaim the bonus from your account.
  • Binance reserves the right to cancel or amend the promotion rules at its sole discretion.
  • To comply with local regulations, certain Rewards Hub features may not be available in your region.
  • Binance reserves the right to the final interpretation of the terms and conditions of using Futures Bonus Vouchers.
  • Bonuses can be used as collateral for Futures trading.
  • Any losses incurred during Futures trading can be offset against the bonus amount.
  • Any profits generated by the bonus voucher can be withdrawn.
  • The bonus amount cannot be withdrawn. It will be retained in the user’s Futures Wallet until the following condition is met:
  • Bonus Amount + Net Realized PNL ≀ 0
  • “Net Realized PNL” excludes the Insurance Clearance, commission, and funding fees.
Example 1:
User A received a 5 USDT Futures Bonus Voucher. They redeemed it for Futures trading and generated a 10 USDT net realized PNL.
  • User A can withdraw the 10 USDT profit from their Futures Wallet.
  • However, the bonus amount will be retained in their Futures Wallet as the bonus amount + realized PNL > 0.
    • 5 USDT (bonus amount) + 10 USDT (Net realized PNL) = 15 USDT
Example 2:
User B received a 5 USDT Futures Bonus Voucher. They redeemed it for Futures trading and generated a 10 USDT realized PNL. After the first successful trade, User B continued to trade and generated a -18 USDT realized PNL.
  • The bonus amount won’t be retained in User B’s Futures Wallet as the condition was met: bonus amount + realized PNL ≀ 0.
    • 5 USDT (bonus amount) + 10 USDT (realized PNL from the first trade) + -18 USDT (realized PNL from the second trade) = -3 USDT
Example 3:
User C received a 5 USDT Futures Bonus Voucher. They redeemed it for Futures trading and their position was liquidated. It resulted in a -4 USDT realized PNL, a 0.5 USDT commission fee, and a 0.5 USDT Insurance Clearance fee, and their Futures Wallet balance became 0.
User C then transferred 5 USDT from their Spot Wallet to their Futures Wallet. They traded again and generated a 0.75 USDT realized PNL.
Since the condition (bonus amount + realized PNL ≀ 0) isn’t met, a portion of the bonus amount remains in User C’s Futures Wallet:
  • 5 USDT (bonus amount) + -4 USDT (realized PNL from the first trade) + 0.75 USDT (realized PNL from the second trade) = 1.75 USDT
  • As the 1.75 USDT is retained as collateral in User C’s Futures Wallet, the total amount they can transfer out of their Futures Wallet is limited to 4 USDT (5 + 0.75 - 1.75).
Risk Warning: Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Futures trading, in particular, is subject to high market risk and price volatility. All of your margin balance may be liquidated in the event of adverse price movement. Past performance is not a reliable predictor of future performance. Before trading, you should make an independent assessment of the appropriateness of the transaction in light of your own objectives and circumstances, including the risks and potential benefits. Consult your own advisers, where appropriate. This information should not be construed as financial or investment advice. To learn more about how to protect yourself, visit our Responsible Trading page. For more information, see our Terms of Use and Risk Warning.