What is BTCEX Bonus?
BTCEX Bonus is a new product that aims to provide traders with a risk-free trading experience in a real environment while meeting users' needs for testing platform functions and experiencing our products.
How to get BTCEX Bonus?
BTCEX Bonus can be obtained by participating in the activities in the rewards center and other activities such as trading competitions, airdrop, etc
How can the bonus be used?
BTCEX bonus can be used to cover potential trading losses or be used as trading margin, trading fees, and funding. Bonus cannot be withdrawn, but the profit earned from trading with the bonus can be withdrawn in compliance with the terms and rules of use.
1. The bonus can be used directly in the perpetual trading area;
2. When covering transaction-related fees (such as trading margin, trading fees, funding fee, etc.), BTCEX will deduct the corresponding amount based on a ratio of 50% each of the bonus and the user's principal; (if the bonus is insufficient, the insufficient part will be paid by the user's principal after all the current bonus has been used; and vice versa.)
3. According to the assets composition of the user's perpetual wallet, the profit and loss status when closing a position, there are mainly two situations as follows:
a) If there is a profit when the position is closed, the profit will be fully accumulated to its principals which can be withdrawn;
For example, user A's current bonus balance is 100 USDT, the principal is 100 USDT, and 200 USDT profit is generated when the position is closed;
At this time, the assets in A's account are 100 USDT bonus and 300 USDT (100+200) assets that can be withdrawn.
b) If there is a loss when the position is closed, the system will deduct the corresponding assets based on the ratio of 50% of the bonus and the user’s principal until the bonus is fully deducted;
User A's current bonus balance is 100 USDT, the principal is 100 USDT, and 100 USDT loss is generated when the position is closed;
At this time, the assets in A's account are 50(100-100*50%)USDT bonus and 50(100-100*50%)USDT which can be withdrawn.
4. Please note that the 50% ratio in the above calculation is only a default value. BTCEX may make adjustments according to market changes without further notice. The ratio will ultimately be determined by the user's bonus and principal assets compositions when he opens the position.
5. The user's principal can be withdrawn, but the bonus in the asset account cannot be withdrawn.
1. The BTCEX bonus can only be used in the perpetual trading area;
2. Please ensure that you have the principal in your perpetual wallet when you use the bonus to open a position. Otherwise, the position opening may fail;
3. Any withdrawal or transfer out from the perpetual wallet operations will cause all bonuses to be zeroed immediately without being retrieved;
4. Participants must strictly adhere to the BTCEX terms of service. BTCEX has the right to cancel users' participation qualifications or terminate those users' accounts with malicious behaviors, including opening multiple accounts to farm bonuses and other behaviors that promote illegal, fraudulent, or any other harmful conduct.
5. BTCEX reserves the final rights of the event, and BTCEX reserves the right to amend the Terms & Conditions of this event without prior notice.
6. If you have any questions, please email firstname.lastname@example.org.