How to Use Copy Loss Protection Vouchers? (Spot)

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Binance Spot Copy Trading Loss Protection allows you to cover the full or partial amount of any losses incurred from Spot Copy Trading.

Displayed on the Spot Copy Trading page, the Copy Loss Protection Voucher enables selected users to protect themselves against full or partial losses. Once claimed, the first copy portfolio opened will be protected up to the maximum amount indicated in the voucher.

Copy Loss Protection Details

Note: Only selected users may be eligible to receive Copy Loss Protection Vouchers at a given time.

How to claim Copy Loss Protection vouchers for Spot Copy Trading?

Step 1: Log in and go to the Spot Copy Trading page

On website: Go to Binance Spot Copy Trading and log in to your Binance account.

On app: Open the Binance App, go to [Trade] - [Copy].

Step 2: Claim the Voucher

Click [Claim] to receive the voucher and agree to the terms and conditions. Please note the following details:

• Claim Period: The number of days you can claim the voucher. After this period, it can no longer be claimed.
• Claim Amount: The maximum amount that can be compensated for your copy trading losses.

Step 3: Copy a Spot Portfolio

Select a Spot lead trading portfolio and click [Copy]. The Copy Loss Protection Voucher only applies to the first portfolio copied after claiming the voucher. A tag will indicate that the portfolio is protected by the voucher.

Please note the voucher’s expiration date. You must copy a portfolio within the indicated period after claiming the voucher.

For more details on how to copy portfolios, please refer to this guide.

Step 4: Manage your Copy Portfolio

Click [Copy Trader] - [Spot Overview]. The portfolio covered by the voucher will display a tag with these details:

• While Active: “In Loss Protection” tag will be shown
• When Closed: The settled loss protection amount will be shown. The system will automatically cover losses up to the maximum amount indicated in the voucher. If the portfolio did not incur any losses, no compensation will be provided. If the portfolio incurs a 5 USDT loss and the voucher amount is 10 USDT, only 5 USDT will be compensated. The compensated amount will appear in your Spot wallet.

Note:

• By claiming the Copy Loss Protection Voucher, you agree that you have read, understood, and accepted the Copy Loss Protection Voucher Terms and Conditions. You acknowledge and agree that you will be bound by and will comply with these Terms, as updated and amended from time to time.
• Upon claiming your copy protection voucher, you are required to execute your first copy trade within 7 days. Failure to do so will result in the voucher's expiration.

Risk Disclaimer:

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. Where copy trading involves 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. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. Trading by following and/or copying the trades of other traders involves a high level of risk, even when following and/or copying the top-performing traders. Such risks include the risk that you may be following/copying the trading decisions of possibly inexperienced/unprofessional traders, or traders whose ultimate purpose or intention, or financial status may differ from yours. 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. Copy trading is restricted in certain countries and to certain users. This content is not intended for users/countries to which restrictions apply. For more information, see our Terms of Use and Risk Warning.