How to Use CoinCatch Trading Bonus?

● What is trading bonus?

 

Trading bonus is an asset issued into a futures account and can be used to deduct futures trading fees, funding rates, and losses. They can also be used as initial margin when opening a position.

 

Trading bonus is an asset that can not b e transferred or withdrawn, but the profits obtained after trading futures with the trading bonus can be transferred or withdrawn. Please check the details below to learn how to use the trading bonuses properly.

 

● How do I know if I have received a trading bonus?

CoinCatch will notify you within your account through a "notification" once your trading bonuses are received.

 

● Where can I check my paid trading bonus?

1. You don't need to claim the trading bonuses given by the CoinCatch team as rewards for events and other activities because they will be issued directly to your futures account.

You can check your distributed trading bonuses by going to Financial Record -> Coupon Record.

2. To ensure receipt in your account, rewards generated in the Reward Center/Referral Program must be claimed directly by the user within 7 days from the day they are generated.

To claim them, go to More > Rewards Center > Rewards History.

● Is there an expiry date for trading bonuses?

1. Rewards from the Rewards Center or Referral Program must be claimed by the user within 7 days from the generated date. If not claimed within 7 days, the trading bonuses will be automatically forfeited. Trading bonuses that have been claimed will be sent to your futures account. After receiving the trading bonuses, it will expire after 30 days. Trading bonuses that are not used within 30 days will be automatically forfeited.
2. The current default validity period for trading bonuses rewarded through the Rewards Center and Referral Program is 30 days. For trading bonuses obtained from other events and activities, please refer to the specific event rules or guidelines for the respective validity period.

 

● How can I use trading bonuses?

1. If you have both trading bonus and coupons in the same account, the coupons will be consumed first to deduct trading fees.
2. To deduct losses with trading bonuses, your equity at the time of closing your position < (initial total equity + accumulated deposit + trading bonus balance). The initial total equity and accumulated deposit will be calculated immediately after the trading bonus is claimed. If you claim another trading bonus after the previous one is used up, then the calculation will restart when the new trading bonus is claimed.
3. Any withdrawal or transfer-out of the account holding the trading bonus before it is fully utilized will result in the remaining amount of the fund becoming invalid.
4. If the trading bonus is invalidated due to such withdrawal and/or transfer, your position will be deleveraged (liquidated), or you will not be able to maintain an open position. Make sure you have proper risk management in place before proceeding.
5. The trading bonus will expire if not claimed within the specified validity period mentioned on the voucher.

 

● What is the difference between trading bonuses and coupons?

Coupons can only be used as a substitute for futures trading fees and cannot be used to deduct funding rates or losses. Trading bonuses, on the other hand, can be used to deduct futures trading fees, funding rates, losses as well as an initial margin when opening a position.

 

Trading Bonus Terms and Conditions

1. Coincatch reserves the right to take measures such as account freezing for maliciously acquiring trading bonuses.
2. Coincatch reserves the right to final interpretation of the trading bonuses.

 

If you have any other inquiries about the use of trading bonuses other than those listed above,

Please contact customer service: [e-mail].