What Is BYDFi Trading Voucher
A Trading Voucher is a reward issued by BYDFi for USDⓈ-M Futures trading.
When a user meets the required profit conditions, the voucher amount becomes withdrawable as cash.
If the requirement is not met, the voucher expires and is reclaimed.
Trading Vouchers are designed to motivate futures traders and provide additional rewards for profitable strategies.
Definition of the Trading Voucher
1. Supported Scope
- Only for USDⓈ-M Futures (USDT-M / USDC-M)
- Not supported for COIN-M Futures
2. Nature of the Voucher
- Does not increase available balance or wallet assets
- Each voucher can be used once
- Each position can bind only one voucher
3. Cannot Open a Position Independently
- Cannot open a position alone
- Must be paired with user funds (including Bonus)
4. Not Affected by Fund Transfers
- Once bound, transferring funds out does not invalidate the voucher
How the Voucher Takes Effect (Profit Conditions)
A voucher becomes withdrawable when the total PnL
(including fees & funding fees) reaches the required profit multiple.
- If criteria are met → Voucher amount is credited to W001 Wallet
- If not met → User bears losses → Voucher is canceled & reclaimed
Voucher Binding Rules
1. Bound to the Position (Not Orders)
- Withdrawable status depends on overall position PnL
2. Supports Adding Margin
- Adding to the position is allowed if the position was opened with a voucher
- If the position existed before claiming → cannot bind
3. Binding Requirements
- Initial margin ≥ voucher amount
- Only market or limit orders can bind
- Stop-limit / stop-market TP/SL orders cannot bind
- Only when no existing position is present
If a pending order is filled while a position already exists:
→ Binding is canceled
→ Voucher becomes available again
4. Forced FOK (Fill-or-Kill) Mode
- All voucher-bound limit/market orders use FOK
- Ensures binding only to a new position
5. Expiration Does Not Affect Positions
- When a voucher expires, only the voucher is removed
- Position remains active
Display Rules for Positions and Orders
1. Voucher Icons
- Voucher-bound positions show a voucher icon
- Icon remains even if the voucher expires or becomes invalid
2. Tap-to-View Details
Shows:
- Voucher amount
- Voucher status
- Required profit target
- Expiration countdown
3. Leverage Adjustment
- Changing leverage does not affect voucher validity
Withdrawal Conditions (Isolated & Cross Mode)
Isolated Mode
- Position total profit ≥ sum of initial margins of all opening orders
Cross Mode
- Position total profit ≥ sum of initial margins (based on average entry price)
After Meeting Requirements
- Withdrawable amount credited to W001 Wallet after closing the position
When a Voucher Becomes Invalid
A voucher becomes invalid when:
- Profit requirement is not met
- Voucher expires
- Bound opening order is canceled
- Position closes without meeting profit criteria → reclaimed
Situations Where Vouchers Cannot Be Used
Vouchers cannot bind when:
- Using chart-drawing order placement
- Trying to bind to an existing position
- Using stop-limit / stop-market TP/SL orders
- Initial margin < voucher value
Summary
The Trading Voucher is a strategic incentive designed for USDⓈ-M Futures traders on BYDFi.
When the required profit is achieved, the voucher becomes withdrawable as cash, providing extra trading rewards.
With strict binding rules, FOK execution, and transparent withdrawal requirements, Trading Vouchers help boost trading motivation while preventing abuse and arbitrage.