BloFin Futures Voucher: What Is It and How to Use It?

1. What's Futures Voucher?

• A Futures Voucher is a trading incentive provided by BloFin that gives you margin to open a perpetual contract position. Voucher funds are separate from your own trading capital and cannot be used on the same underlying asset at the same time. Each voucher can only be used to open one perpetual contract position and will be automatically closed after 24 hours.

2. Benefits of Futures Voucher

• Open a perpetual contract position without spending your own funds
• Easy to learn and use
• Profits are withdrawable after the closing of a position.

3. How do I use it?

• Each Futures Voucher allows you to open one position. The Futures Voucher can be used for all contracts and is available with 1x to 20x leverage. When opening a position, a market order is placed under isolated margin in Buy-Sell mode.

• Once a position is opened, you can close it from the Positions page. Positions can only be closed at market price, and leverage cannot be adjusted after opening.

• After you open a position, the Futures Voucher will be automatically used. If the Futures Voucher is used for a partial fill during an extremely volatile market, it won't be restored.

4. Terms and Conditions of Futures Voucher Usage

• Expired Futures Vouchers that have not been used will become invalid and cannot be utilized.
• The Futures Voucher amount cannot be transferred to other accounts, and any profits earned from futures trading will be automatically deposited into the Futures Account.
• If BloFin detects any violations such as bulk registration or malicious monetization, we reserve the right to thoroughly review the situation, disqualify the offending accounts from participating in the event, and recover any Futures Vouchers that were distributed to those accounts.
• BloFin maintains the ultimate authority to modify, change, or cancel the Futures Voucher program at any time and for any reason, without providing prior notice.
• The final interpretation and application of the Futures Voucher rules and policies rests solely with BloFin.
• Positions that are opened by Futures Vouchers are not supported to set TP/SL.
• Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.