Account Assets

Account Management

Account Security

Identity Verification (KYC)

Mobile & E-mail

Account & Security

Deposit

Withdrawal

Deposit & Withdrawal

My Rewards

Gift

Invite Friends

Reward Center

BYDFi Benefits

Web & App

Affiliate

Fees

About BYDFi

Contact Us

Others

Terms of Service

<p><img src="https://uploads.bydfi.in/events/cms/BYD.1781685888863.%E4%BB%80%E9%BA%BC%E6%98%AF%E5%80%89%E4%BD%8D%E7%A9%BA%E6%8A%95%E5%88%B8-en-X%EF%BC%881200x675%EF%BC%89.jpg" alt="BYD.1781685888863.什麼是倉位空投券-en-X（1200x675）.jpg" data-href="https://uploads.bydfi.in/events/cms/BYD.1781685888863.什麼是倉位空投券-en-X（1200x675）.jpg" style="width: 100%;"/></p><h2>What Is Position Airdrop Voucher?</h2><p>A Position Airdrop Voucher is a one-time coupon that can be used to open a USDⓈ-M position. It is not bonus funds and will not increase the user's account assets. The voucher cannot be used to increase or reduce the risk of any existing position.</p><p>Users can use a Position Airdrop Voucher to open a new position. When the unrealized PnL of the new position reaches the platform's preset threshold, or when the position reaches the maximum holding time, the system will automatically close the position at market price and the voucher will become invalid. Any profit generated from the position belongs to the user and can be withdrawn or transferred normally. Any loss will be deducted from the voucher.</p><p><br></p><h2>Position Airdrop Voucher Usage Conditions</h2><ol><li>The voucher can only be used under Isolated Margin Mode.</li><li>The voucher only supports One-Way Position Mode.</li><li>The voucher can only be used to open a new position. If the selected trading pair already has an open position or opening order, the voucher cannot be used.</li><li>The voucher can only be used for market opening orders.</li><li>The leverage is fixed according to the voucher settings and cannot be adjusted by the user.</li><li>The voucher may be limited to specific trading pairs. Please refer to the voucher details for supported pairs.</li></ol><p><br></p><h2> How to Receive a Position Airdrop Voucher</h2><ol><li>Position Airdrop Vouchers may be issued through campaigns or other platform activities.</li><li>The voucher may be credited automatically to your account or may require manual claiming in the Rewards Center, depending on the campaign rules.</li><li>If the voucher has claim requirements, you must meet the required conditions before it can be claimed.</li><li>Once successfully claimed, the voucher will become available for use within its validity period.</li></ol><p><br></p><h2>When Will the System Automatically Close the Position?</h2><p>The system may automatically close a Position Airdrop position at market price under any of the following circumstances:</p><ol><li>The position is liquidated.</li><li>The position's unrealized PnL reaches the platform's preset threshold.</li><li>The position reaches the maximum holding time.</li><li>The voucher expires or is reclaimed by the system.<br></li></ol><p>After the position is closed, the corresponding Position Airdrop Voucher will become invalid and cannot be used again.</p><p><br></p><h2>Summary</h2><p>The BYDFi Position Airdrop Voucher is a one-time reward used to open a Futures position.</p><p>It does not directly increase account assets and cannot be withdrawn or transferred. If the Position Airdrop position closes with profit, the profit becomes cash assets in the user's Futures account. If the position closes with a loss, the loss is covered by the voucher.</p>

What Is Position Airdrop Voucher?

<h3><img src="https://uploads.bydfi.in/events/cms/BYD.1781687688656.%E5%80%89%E4%BD%8D%E7%A9%BA%E6%8A%95%E5%88%B8%20%28FAQ%29-en-X%EF%BC%881200x675%EF%BC%89%20%281%29.jpg" alt="BYD.1781687688656.倉位空投券 (FAQ)-en-X（1200x675） (1).jpg" data-href="https://uploads.bydfi.in/events/cms/BYD.1781687688656.倉位空投券 (FAQ)-en-X（1200x675） (1).jpg" style="width: 100%;"/></h3><h2>Why is the voucher value 1,000 USDT with 10x leverage, but the final position margin is less than 100 USDT?<br></h2><p>A Position Airdrop Voucher uses the voucher value as a reference for the nominal position value when placing an order. However, the actual opening result may be lower than the theoretical value of "voucher value/leverage".</p><p>The main reasons are:</p><ol><li>The actual order is calculated based on the contract value and the available order quantity. The system cannot guarantee that the actual position value will be exactly equal to the voucher value. Therefore, the actual position value may be lower than the voucher value.</li><li>Opening fees are still charged when the position is opened, and the fees will be deducted from the Position Airdrop Voucher. As a result, the final position margin may be lower than "voucher value/leverage". </li></ol><p>For example, if the voucher value is 1,000 USDT and the leverage is 10x, the theoretical margin is approximately 100 USDT. However, due to the actual order quantity and the deduction of opening fees, the final margin may be lower than 100 USDT.</p><p><br></p><h2>Where can I view the PnL details of my Position Airdrop Voucher position?</h2><p>A position opened with a Position Airdrop Voucher is a simulated position. It does not enter the actual order book and will not affect market candlesticks or the order book.</p><p>To avoid confusion with the fund records of regular positions, the full details of a Position Airdrop Voucher position are usually available after the position is closed. You can view the position information, closing PnL, and other related details in <strong>Position History</strong>.</p><p>If the position closes with a loss, the loss will be covered by the Position Airdrop Voucher. If the position closes with a profit, the profit will be credited to your Futures account as cash assets, and you can view the corresponding PnL income record in your fund history.</p><h3></h3><h2><br>Will the Position Airdrop Voucher conflict with other vouchers or rewards?</h2><p>A Position Airdrop Voucher is a coupon, not bonus funds, so it generally does not conflict with other bonus-type rewards or vouchers. Users may hold and use other eligible rewards at the same time, subject to the specific campaign rules and page prompts.</p><p>Any loss generated from the Position Airdrop Voucher position will be covered by the voucher and will not affect the use of other vouchers.</p><p>Before the position is closed, the unrealized PnL and occupied margin of the Position Airdrop Voucher position will not be counted as your account assets, and will not affect the use of other bonus rewards or your own funds.</p><p><br></p><h2>Why was my position closed?</h2><p>A position opened with a Position Airdrop Voucher may be automatically closed at market price by the system under any of the following circumstances:<br></p><ol><li>The position is liquidated.</li><li>The position's unrealized PnL reaches the platform's preset value.</li><li>The position reaches the maximum holding time.</li><li>The voucher expires or is reclaimed by the system.</li></ol><p>After the position is closed, the corresponding Position Airdrop Voucher will become invalid and cannot be used again.</p>

Position Airdrop Voucher FAQ

<p><img src="https://uploads.bydfi.in/events/cms/BYD.1771907885666.img_v3_02v7_5647efc1-c3e7-4ef1-a9c5-e698cc05d2hu.jpg" alt="BYD.1771907885666.img_v3_02v7_5647efc1-c3e7-4ef1-a9c5-e698cc05d2hu.jpg" data-href="https://uploads.bydfi.in/events/cms/BYD.1771907885666.img_v3_02v7_5647efc1-c3e7-4ef1-a9c5-e698cc05d2hu.jpg" style=""/></p><h3>What Is Cashback Voucher?</h3><p>A Cashback Voucher is one type of reward provided by BYDFi, applicable to USDⓈ-M Futures trading.</p><p>Before meeting the required conditions, the Cashback Voucher is considered a conditional bonus and cannot be withdrawn directly. Once the user meets the trading volume and profit conditions specified in the event, the voucher amount will be converted into cash assets, increasing both the total wallet balance and available balance. If the conditions are not met, the voucher will be automatically reclaimed according to the rules.</p><p><br></p><h3>Cashback Voucher Usage Conditions</h3><ol><li>No restriction on margin mode (both Cross and Isolated are supported)</li><li>No restriction on leverage</li><li>Only supported in One-Way Position Mode<br></li></ol><p><br></p><h3>Claiming and Restrictions</h3><ol><li>After being issued to the Reward Center, the Cashback Voucher must be manually claimed before it can be used.</li><li>Only one active voucher may be held at a time.</li><li>No bonuses may exist in the account at the time of claiming (coupons are allowed).</li><li>No open positions may exist at the time of claiming (open orders are allowed).<br></li></ol><p><br></p><h3>Transfer Restrictions</h3><ol><li>Only personal funds may be transferred. Voucher amounts cannot be transferred directly.</li><li>Under One-Way Position Mode, if there are open positions or active orders, fund transfers are not allowed.</li><li>If there are no open positions or orders, transfers are allowed; however, doing so will cause the voucher to become invalid and be reclaimed.<br></li></ol><p><br></p><h3>Withdrawal Conditions</h3><p>Withdrawal requires meeting both of the following conditions:</p><ol><li><strong>Trading Volume Requirement</strong>: Trading volume must reach the voucher value × the specified multiplier (as defined by the event).</li><li><strong>Profit Requirement</strong>: Total position profit must reach the voucher value × the specified multiplier (as defined by the event).<br></li></ol><p>The system evaluates the conditions whenever there is a change in account funds. Once both conditions are met, the voucher status will change to "Withdrawn," and the voucher amount will be converted into cash assets. It will no longer be subject to reclamation, and the user's positions and orders will not be affected.</p><p>Trading volume and profit are calculated only under One-Way Position Mode. Profits and trading volume generated under Hedge Mode are not counted toward the qualification requirements.<br></p><p><br></p><h3>Cashback Voucher Reclamation Rules</h3><p>The voucher will be reclaimed under the following circumstances:</p><ol><li>Funds are transferred while the voucher is active.</li><li>There are no open positions and the account balance is insufficient.</li><li>The voucher expires without meeting the withdrawal conditions.</li><li>Account available equity reaches 0 and the voucher's maximum loss ratio has been reached.<br></li></ol><p><br></p><h3>Summary</h3><p>The BYDFi Cashback Voucher is a conditional reward.</p><p>Once the required conditions are met, it is converted into cash assets. If the conditions are not met, it will be automatically reclaimed.</p>

What Is Cashback Voucher?

<h3>How to Obtain a Cashback Voucher?</h3><p>Cashback vouchers can be obtained through campaigns launched by the platform from time to time.</p><p><br></p><h3>How to Use a Cashback Voucher?</h3><p>After receiving a cashback voucher, you can view it in "Rewards".</p><p><img src="https://bydfimoon.sg.larksuite.com/space/api/box/stream/download/asynccode/?code=YjM4MDFlNGRhMzJlNmI5OWI5ZWI2ODQ1MWZiNjc1OThfZzlDS1B0OFFBYTg4TlhaS3VEdXhzYXYwazVnMkF5YlVfVG9rZW46VDZWWGJEajZnb2pXblB4TDVkbWxaem5qZ0tiXzE3NzIxNjg5NDA6MTc3MjE3MjU0MF9WNA" alt="" data-href="" style="width: 50%;"/></p><p><img src="https://bydfimoon.sg.larksuite.com/space/api/box/stream/download/asynccode/?code=MWJiYWYyOTg2Njk4YzJmYjQ2OGRlMDEzYmQ3ZmM3ZjRfa2ZNSmhsSmhQdzNydnpaNU5IdWZ4TmlkYkVxeHZUZXRfVG9rZW46TVhZMWJyRFJtb2hjcnZ4U0FXMGxkUnNzZ2ViXzE3NzIxNjg5NDA6MTc3MjE3MjU0MF9WNA" alt="" data-href="" style="width: 50%;"/></p><p><br></p><p>Once you enter the "Rewards" page, you will be able to see vouchers that are currently available for claiming.</p><p><img src="https://bydfimoon.sg.larksuite.com/space/api/box/stream/download/asynccode/?code=ODQzNjg5YjMzYjNlMzZlYjUxZGUzOTM2MjgxM2NkY2VfeksxcTFTMHZQUGdHY2hFTjJKajdvb1dSS1RyaE13RmpfVG9rZW46VkNRR2JBSnM0bzFGeWh4OTBaaGxlWFF2Z1VaXzE3NzIxNjg5NDA6MTc3MjE3MjU0MF9WNA" alt="" data-href="" style="width: 50%;"/></p><p><br></p><p>If there are any claim requirements, they will be displayed below the voucher. ("Account" refers to the Futures account.)</p><p><img src="https://bydfimoon.sg.larksuite.com/space/api/box/stream/download/asynccode/?code=MjM2YzRiZGJjMDgyZTNjMTJjZWQ2MWYyZmM3MTU0NmFfMUI0VnkyWEJqV1ZjZ1dPd0o4TVRNZUx4M2JGdWlJOE9fVG9rZW46RWQ0N2JNV2dYbzZLQTJ4M0JLemw1d2cwZ2liXzE3NzIxNjg5NDA6MTc3MjE3MjU0MF9WNA" alt="" data-href="" style="width: 50%;"/></p><p><br></p><p>Click the "!" icon to view the usage rules of the cashback voucher. For detailed terms, please refer to: <a href="https://www.bydfi.com/en/support/FAQs/articles/99tha7xdpvkj?title=What+Is+Cashback+Voucher%3F&recommend=true" target="">What Is Cashback Voucher?</a></p><p><img src="https://bydfimoon.sg.larksuite.com/space/api/box/stream/download/asynccode/?code=Njg1MDZhMTFlNjY5YjA1NGRiNDdkYTIzNGFmNmZkOGRfb2VlVVNVMTByVUY1UzUwaldYSXlUemgwQmlmMkxtMXFfVG9rZW46QUhxUGIzSWtqb3JNNkN4RFYzQmxzbjJRZ1NoXzE3NzIxNjg5NDA6MTc3MjE3MjU0MF9WNA" alt="" data-href="" style="width: 50%;"/></p><p><img src="https://bydfimoon.sg.larksuite.com/space/api/box/stream/download/asynccode/?code=NDhjNDk2ZmQxZGQ5NjVhNjc5ZWM0ZDAxZTg4MjZhODhfVVUyakEyNmtLYndPcWhtR281NEE5UHZVNjkzWkRVUHFfVG9rZW46UUtTZWJwS2dtb1VoOVJ4SXlqT2wwa3ZIZ1o2XzE3NzIxNjg5NDA6MTc3MjE3MjU0MF9WNA" alt="" data-href="" style="width: 50%;"/></p><p><br></p><p>Select the voucher you wish to use and click "Claim."</p><p><img src="https://bydfimoon.sg.larksuite.com/space/api/box/stream/download/asynccode/?code=MGYwYjI4NDhmM2JhZjg3YmNmNDNlMTI0ZmM1NTgyMjhfYVpqdnQ2bDFHeGhDcmVnVEJWV3pvZmJPNmxjSGJSV1dfVG9rZW46TkcxOGJ0cW9Zb25lYWZ4bDY2YWw0T1hwZ2hiXzE3NzIxNjg5NDA6MTc3MjE3MjU0MF9WNA" alt="" data-href="" style="width: 50%;"/></p><p>⚠️ <strong>Note: </strong>Only one cashback voucher can be claimed and used at a time. There must be no active bonuses or open positions in the account at the time of claiming.</p><p><br></p><p>Once claimed, you may trade as usual. The system will automatically evaluate whether reward conditions are met whenever there is a change in your account balance.</p><p><img src="https://bydfimoon.sg.larksuite.com/space/api/box/stream/download/asynccode/?code=YTJiN2U1NTc0N2E0NTFlNjE2ZjBjMzRjZDQ5YTc5ZTVfYjFIaDE2M2RHS0RVWkJ1MEhXaHJqeDdQUUQ1WEQwc0NfVG9rZW46QzNlWWJmUWFUb2FsZ2V4emlqdmxYTW1mZ2NkXzE3NzIxNjg5NDA6MTc3MjE3MjU0MF9WNA" alt="" data-href="" style="width: 50%;"/></p><p><br></p><h3>How to Check the Status of a Cashback Voucher?</h3><p>After being claimed, the voucher will appear under the "In Use" tab.</p><p><img src="https://bydfimoon.sg.larksuite.com/space/api/box/stream/download/asynccode/?code=NWIxM2VmNmVmMjVhZDU2NDJjNDFjOTNkNTcyMDIwZTdfQUFSREdxUTd6QTNVZFVoYWR6ZTVuajZNWVFpeTkwZUpfVG9rZW46QnMzQ2I0UzFNb2YwUlh4TzhpVmx4YVc5Z1NjXzE3NzIxNjg5NDA6MTc3MjE3MjU0MF9WNA" alt="" data-href="" style="width: 50%;"/></p><p><br></p><p>Click "Check" to view the required trading volume for withdrawal, current completed trading volume, voucher status, and validity period.</p><p><img src="https://bydfimoon.sg.larksuite.com/space/api/box/stream/download/asynccode/?code=ZWZmODg3YmY0NzRjN2VjYjU4MWJiOGJjMDU0MWVmZDNfd0tUeXFrSzFrdnF1cHJWcGdJemlCNGZlSTlhdjhsMG5fVG9rZW46RXhZV2I1VnRkb3hhZkF4ODNrbmw0UWRyZzFlXzE3NzIxNjg5NDA6MTc3MjE3MjU0MF9WNA" alt="" data-href="" style="width: 50%;"/></p><p>⚠️ Note: Some cashback vouchers may include profit requirements. Please refer to the event rules for details.</p><p><br></p><p>Related Article: <a href="https://www.bydfi.com/en/support/FAQs/articles/h5guup1ifz5x?title=Cashback+Voucher+FAQ&recommend=true" target="">Cashback Voucher FAQ</a></p>

How to Claim and Use Cashback Voucher (APP)

<h3>How to Obtain a Cashback Voucher?</h3><p>Cashback vouchers can be obtained through campaigns launched by the platform from time to time.</p><p><br></p><h3>How to Use a Cashback Voucher?</h3><p>After receiving a cashback voucher, navigate to "Events" → "My Rewards" to view your vouchers.<img src="https://bydfimoon.sg.larksuite.com/space/api/box/stream/download/asynccode/?code=YjMzMTQ3NTBlYzMzNzk5NzVkZDc3ZWEwZjc4NjNmZWNfQnhzeHJBS3lac1VJdnU1b3ZmdW5PSVJvZ2cyczJnb0xfVG9rZW46R2hMM2I5N1ZIbzUwQXB4OGk0ZWxyQ0hHZ3lkXzE3NzIxNjg0ODk6MTc3MjE3MjA4OV9WNA" alt="" data-href="" style="width: 100%;"/></p><p><br></p><p>Switch to the "Cashback Voucher" tab to view vouchers that are currently available for claiming.<img src="https://bydfimoon.sg.larksuite.com/space/api/box/stream/download/asynccode/?code=ZjBhNGJjYTcwZGZhMTFiNzYxZWQ0ZDY5ZWYyNmI1OTdfOE5wNnd5SVhqVVBwRlpUVUtBNExNRVlWR1FOMkR1WnBfVG9rZW46STlsSGJQQXZ4b0s1eEJ4Wk5GOGwzQ1hsZ01nXzE3NzIxNjg0ODk6MTc3MjE3MjA4OV9WNA" alt="" data-href="" style="width: 100%;"/></p><p><br></p><p>If there are any claim requirements, they will be displayed below the voucher. ("Account" refers to the Futures account.)<img src="https://bydfimoon.sg.larksuite.com/space/api/box/stream/download/asynccode/?code=NTlhYWI4Yjk1YWE4N2JkNTYwMGViNzNkZTg2NDdlMTVfN2J6TVJUZ1pPb05DMkVFbXVKR1k0N1R4T2V1OGlPNEdfVG9rZW46Q1RTZGJCREY2b1o5VUp4S2hUcWwxVE8xZ1RoXzE3NzIxNjg0ODk6MTc3MjE3MjA4OV9WNA" alt="" data-href="" style="width: 100%;"/></p><p><br></p><p>Click the "!" icon to view the usage rules of the cashback voucher. For detailed terms, please refer to: <a href="https://www.bydfi.com/en/support/FAQs/articles/99tha7xdpvkj?title=What+Is+Cashback+Voucher%3F&recommend=true" target="">What Is Cashback Voucher?</a><img src="https://bydfimoon.sg.larksuite.com/space/api/box/stream/download/asynccode/?code=MjkxMTM0OGZjZTJiY2MxYmMxY2NhM2IzNzA0YWJlOTdfeWJnZmVpRUlRNENGS0ttT0VaVG1aazMzaUlUM2llN1VfVG9rZW46S21laWJJSFdBb2pSUk94OGFSY2w2SDdxZ1hXXzE3NzIxNjg0ODk6MTc3MjE3MjA4OV9WNA" alt="" data-href="" style="width: 100%;"/></p><p><br></p><p>Select the voucher you wish to use and click "Claim."<img src="https://bydfimoon.sg.larksuite.com/space/api/box/stream/download/asynccode/?code=MjU0MzVhMjcyYWQ0OTYwYWEyNGZhN2EwOTgzZjhmNjRfYjh5MENhZUlObGlXdWJBdUN3aGx5c3plN3U1SkphTXZfVG9rZW46TnFOZ2JHTUtWb016SGN4eWtYSWxDSzhvZ0hiXzE3NzIxNjg0ODk6MTc3MjE3MjA4OV9WNA" alt="" data-href="" style="width: 100%;"/></p><p>⚠️ <strong>Note: </strong>Only one cashback voucher can be claimed and used at a time. There must be no active bonuses or open positions in the account at the time of claiming.</p><p><br></p><p>Once claimed, you may trade as usual. The system will automatically evaluate whether reward conditions are met whenever there is a change in your account balance.<img src="https://bydfimoon.sg.larksuite.com/space/api/box/stream/download/asynccode/?code=NWVlODVkNjk5YjVjNzExYTk1ODVjMGVlNDNmOTkzMmZfdU9pR05tdUkwbnJac2NzTkFpZlVMSzVNeXlYR0ZITEVfVG9rZW46TDBYWGJtNXNrb2MyNnl4VjVvS2x3eWZ4Z1FlXzE3NzIxNjg0ODk6MTc3MjE3MjA4OV9WNA" alt="" data-href="" style="width: 100%;"/></p><p><br></p><h3>How to Check the Status of a Cashback Voucher?</h3><p>After being claimed, the voucher will appear under the "Available" tab.<img src="https://bydfimoon.sg.larksuite.com/space/api/box/stream/download/asynccode/?code=N2FiMjM1YzY3N2Y0MmQ1OWFiZjk0MzZlYjA5NDE1M2ZfSFpVcUpIak5jZFAzSWl3WGF4Y3hnR2N4bDhVQjJKNlJfVG9rZW46Q0hoa2JUMHVHbzdsV2h4UWxNT2xmTnY4Z3VBXzE3NzIxNjg0ODk6MTc3MjE3MjA4OV9WNA" alt="" data-href="" style="width: 100%;"/></p><p><br></p><p>Click "Check" to view the required trading volume for withdrawal, current completed trading volume, voucher status, and validity period.<img src="https://bydfimoon.sg.larksuite.com/space/api/box/stream/download/asynccode/?code=ZTgwZDMzZWJhZjQ5NzZhOWM1YTEyN2FiODA1ZTEyOGFfODNQYW9Kc3FOeUhLbWVHc2F0SFhxWGxoYThYYWM3djNfVG9rZW46R1VTSGI2NXRUb2c5Vm54TEN0eGxLa1hsZ2hkXzE3NzIxNjg0ODk6MTc3MjE3MjA4OV9WNA" alt="" data-href="" style="width: 100%;"/></p><p>⚠️ Note: Some cashback vouchers may include profit requirements. Please refer to the event rules for details.</p><p><br></p><p>Related Article: <a href="https://www.bydfi.com/en/support/FAQs/articles/h5guup1ifz5x?title=Cashback+Voucher+FAQ&recommend=true" target="">Cashback Voucher FAQ</a></p>

How to Claim and Use Cashback Voucher (PC)

<p><img src="https://uploads.bydfi.in/events/cms/BYD.1771907851078.img_v3_02v7_36ac254b-6292-4054-95f4-bad770af16hu.jpg" alt="BYD.1771907851078.img_v3_02v7_36ac254b-6292-4054-95f4-bad770af16hu.jpg" data-href="https://uploads.bydfi.in/events/cms/BYD.1771907851078.img_v3_02v7_36ac254b-6292-4054-95f4-bad770af16hu.jpg" style=""/></p><h3>Why did my total wallet balance increase, but my available balance did not?</h3><p>Cashback Vouchers do not support Hedge Mode. Therefore, under Hedge Mode, the liquidation price calculation and available balance calculation do not include the voucher value.</p><p>As a result, you may see an increase in total wallet balance, but your available balance will not increase accordingly.</p><p><br></p><h3>Why can't I open a new position after full cross liquidation, even though my wallet balance isn't zero?</h3><p>This usually happens because you have an active Cashback Voucher in your account and are using Hedge Mode.</p><p>Under Hedge Mode, the voucher amount is not included in the available balance calculation.</p><p>After liquidation, the voucher amount may still appear in your total wallet balance. However, since it is not counted toward the available balance, your available balance remains 0, and you cannot open a new position.</p><p><br></p><h3>Why was my position stopped by market order shortly after opening?</h3><p>Before the required conditions are met, a Cashback Voucher cannot be treated as freely usable cash.</p><p>When your available balance approaches 0, the system will automatically trigger a market stop-loss to prevent excessive losses that could prevent the voucher amount from being reclaimed.</p><p>In addition, when you open a reverse position or open a new position under One-Way Position Mode, trading fees will be deducted and realized PnL may occur due to position adjustments.</p><p>After these deductions, if your personal funds have been fully used and up to 60% of the voucher amount has already been utilized, the stop-loss mechanism will be triggered.</p><p>As a result, the position may be stopped immediately after being opened.</p><p><br></p><h3>Why is the reclaimed amount not equal to the voucher value?</h3><p>The system allows up to 60% of the voucher amount to be used (the exact ratio may vary depending on the event settings).</p><p>If part of the voucher amount has already been consumed due to trading losses, only the remaining unused portion will be reclaimed.</p><p><br></p><h3>I clearly made a profit. Why was the voucher still reclaimed?</h3><p>To qualify, the Cashback Voucher must meet both the trading volume requirement and the profit multiplier requirement.</p><p>In addition, only trades executed under One-Way Position Mode are counted toward these conditions. Profits generated under Hedge Mode will not be included in the eligibility assessment.</p><p><br></p><h3>When does the voucher officially become cash?</h3><p>The voucher will be converted into cash once the system determines that both the trading volume and profit multiplier requirements have been met.</p><p>At that point, the voucher status will change to "Withdrawn," and the amount will be credited as cash assets.</p>

Cashback Voucher FAQ

<p><img src="https://uploads.bydfi.in/events/cms/BYD.1765275799470.image.png" alt="BYD.1765275799470.image.png" data-href="https://uploads.bydfi.in/events/cms/BYD.1765275799470.image.png" style=""/></p><p>At BYDFi, users can earn various rewards through our platform events, promotions, and the Rewards Hub. Each reward type serves a different purpose and applies to specific products. Below is an overview and comparison to help you better understand how each reward can be used.</p><p><br></p><h2><strong>1. Bonus</strong></h2><p><strong>Applicable Products:</strong> USDⓈ-M Futures</p><p><strong>Usage:</strong></p><ul><li>Used to offset part of the margin and trading fees.</li></ul><p><strong>Limitations:</strong></p><ul><li>Cannot be used alone to open positions.</li><li>Cannot be used to cover funding fees or liquidation fees.</li></ul><p><strong>Withdrawable:</strong></p><ul><li>The bonus itself is non-withdrawable.</li><li>However, profits generated from using the bonus can be withdrawn.</li></ul><p><br></p><h2><strong>2. Coupon</strong></h2><p><strong>Applicable Products:</strong> USDⓈ-M Futures</p><p><strong>Usage:</strong></p><ul><li>Used exclusively to offset trading fees.</li></ul><p><strong>Limitations:</strong></p><ul><li>Cannot be used alone and cannot serve as margin.</li></ul><p><strong>Withdrawable:</strong></p><ul><li>Non-withdrawable.</li></ul><p><br></p><h2><strong>3. Cash Voucher</strong></h2><p><strong>Applicable Products:</strong> All products</p><p><strong>Usage:</strong></p><ul><li>Can be used for trading or withdrawn directly as cash.</li></ul><p><strong>Limitations:</strong></p><ul><li>No usage limitations.</li></ul><p><strong>Withdrawable:</strong></p><ul><li>Fully withdrawable.</li></ul><p><br></p><h2><strong>4. Trading Voucher</strong></h2><p><strong>Applicable Products:</strong> USDⓈ-M Futures</p><p><strong>Usage:</strong></p><ul><li>Rewards users when the bound position meets the profit requirement.</li></ul><p><strong>Limitations:</strong></p><ul><li>Cannot offset margin or trading fees.</li><li>Bound position size must be greater than the voucher amount.</li><li>Only applicable to new positions bound with the voucher.</li></ul><p><strong>Withdrawable:</strong></p><ul><li>Withdrawable once the required profit criteria are met.</li></ul><p><br></p><h2><strong>5. Copy Loss Protection Voucher</strong></h2><p><strong>Applicable Products:</strong> Copy Trading</p><p><strong>Usage:</strong></p><ul><li>Covers the first copy trading loss within the specified conditions.</li></ul><p><strong>Limitations:</strong></p><ul><li>Maximum loss coverage equals the value of the voucher.</li><li>Only supports Smart Copy Trading.</li><li>Only applies to the first new position after the voucher is claimed.</li></ul><p><strong>Withdrawable:</strong></p><ul><li>Non-withdrawable.</li></ul><p><br></p><h2>Reward Comparison Overview</h2><table style="width: auto;"><tbody><tr><th colspan="1" rowspan="1" width="92.37" style="text-align: center;">Reward <br>Type</th><th colspan="1" rowspan="1" width="144.35" style="text-align: center;">Applicable <br>Products</th><th colspan="1" rowspan="1" width="184.59" style="text-align: center;">Usage</th><th colspan="1" rowspan="1" width="193" style="text-align: center;">Limitations</th><th colspan="1" rowspan="1" width="152.31" style="text-align: center;">Withdrawable</th></tr><tr><td colspan="1" rowspan="1" width="auto" style="text-align: center;"><strong>Bonus</strong></td><td colspan="1" rowspan="1" width="auto" style="text-align: center;">USDⓈ-M Futures</td><td colspan="1" rowspan="1" width="auto" style="text-align: center;">Offset part of margin &amp; <br>trading fees</td><td colspan="1" rowspan="1" width="auto" style="text-align: center;">Cannot be used alone; <br>cannot cover funding &amp; <br>liquidation fees</td><td colspan="1" rowspan="1" width="auto" style="text-align: center;">Bonus non-withdrawable; <br>profits withdrawable</td></tr><tr><td colspan="1" rowspan="1" width="auto" style="text-align: center;"><strong>Coupon</strong></td><td colspan="1" rowspan="1" width="auto" style="text-align: center;">USDⓈ-M Futures</td><td colspan="1" rowspan="1" width="auto" style="text-align: center;">Offset trading fees</td><td colspan="1" rowspan="1" width="auto" style="text-align: center;">Cannot be used alone</td><td colspan="1" rowspan="1" width="auto" style="text-align: center;">Non-withdrawable</td></tr><tr><td colspan="1" rowspan="1" width="auto" style="text-align: center;"><strong>Cash <br>Voucher</strong></td><td colspan="1" rowspan="1" width="auto" style="text-align: center;">All</td><td colspan="1" rowspan="1" width="auto" style="text-align: center;">Trading or direct withdrawal</td><td colspan="1" rowspan="1" width="auto" style="text-align: center;">None</td><td colspan="1" rowspan="1" width="auto" style="text-align: center;">Withdrawable</td></tr><tr><td colspan="1" rowspan="1" width="auto" style="text-align: center;"><strong>Trading <br>Voucher</strong></td><td colspan="1" rowspan="1" width="auto" style="text-align: center;">USDⓈ-M Futures</td><td colspan="1" rowspan="1" width="auto" style="text-align: center;">Reward issued when bound <br>position meets profit target</td><td colspan="1" rowspan="1" width="auto" style="text-align: center;">Cannot offset margin/fees; <br>position size must exceed <br>voucher value</td><td colspan="1" rowspan="1" width="auto" style="text-align: center;">Withdrawable upon <br>meeting profit criteria</td></tr><tr><td colspan="1" rowspan="1" width="auto" style="text-align: center;"><strong>Copy Loss <br>Protection <br>Voucher</strong></td><td colspan="1" rowspan="1" width="auto" style="text-align: center;">Copy Trading</td><td colspan="1" rowspan="1" width="auto" style="text-align: center;">Covers first copy trade loss</td><td colspan="1" rowspan="1" width="auto" style="text-align: center;">Limited to voucher amount; <br>Smart Copy only</td><td colspan="1" rowspan="1" width="auto" style="text-align: center;">Non-withdrawable</td></tr></tbody></table><p><br></p><h2>How to Check Your Rewards</h2><p>You can view your rewards under <strong>My Rewards</strong> within the BYDFi App or Web:</p><ul><li>Available – Rewards you can use now</li><li>Used – Rewards already applied</li><li>Expired – Rewards that are no longer valid</li></ul>

Differences Between Each Reward Type on BYDFi

Reward Type Differences on BYDFi｜BYDFi Help Center

<p><img src="https://uploads.bydfi.in/events/cms/BYD.1764237006574.image.png" alt="BYD.1764237006574.image.png" data-href="https://uploads.bydfi.in/events/cms/BYD.1764237006574.image.png" style="width: 100%;"/></p><p>To reduce copy-trading risks and improve the Smart Copy experience, BYDFi has introduced the Copy Loss Protection Voucher. When eligible conditions are met, the voucher compensates losses on the first Smart Copy position opened after activation — giving you a safer and more secure copy-trading experience.</p><p>Below are the most common questions and answers to help you understand how the Copy Loss Protection Voucher works:</p><p><br></p><h2><strong>1. Why didn’t my copy trade receive compensation?</strong></h2><p>The Copy Loss Protection Voucher only supports Smart Copy. If you are using Diverse Follow, the voucher will not apply.</p><p><br></p><h2><strong>2. Why didn’t my first copy trade get compensated after receiving the voucher?</strong></h2><p>Reason: The voucher only protects the first Smart Copy position opened after claiming the voucher.</p><p>If your first copy-traded position already existed before claiming the voucher, it is not eligible for compensation.</p><p><br></p><h2><strong>3. Why does compensation sometimes cover only the first trade, and sometimes cover later trades too?</strong></h2><p>Because the voucher protects the entire copy-trading position under the following logic:</p><ul><li>If you copy the same trader and open positions in the same trading pair, the system treats them as one combined strategy position.</li><li>Any additional entries (add-ons) within that protected position also qualify.</li><li>This is why both the first and second positions may be covered.</li></ul><p>However: Copying a different trader or different trading pair is not covered.</p><p><br></p><h2><strong>4. Why didn’t I receive compensation for the full loss amount?</strong></h2><p>Compensation follows these rules:</p><ul><li>If loss &gt; voucher amount → compensation = voucher amount (maximum)</li><li>If loss &lt; voucher amount → compensation = actual loss</li></ul><p>📌 The voucher does not provide unlimited compensation. It compensates up to the voucher value only.</p><p><br></p><h2><strong>5. When will compensation be paid?</strong></h2><p>Once conditions are met, compensation is issued <strong>daily at 02:00 (UTC)</strong> to your Copy Wallet.</p><p><br></p><h2><strong>6. Can a voucher be used for multiple positions?</strong></h2><p>No. One voucher only protects one copy-trading position (same trader + same trading pair).</p><p><br></p><h2><strong>7. Can I rebind or change the protected position?</strong></h2><p>No. The voucher automatically binds to the first newly opened Smart Copy position after claiming it. Once bound, it cannot be changed.</p><p><br></p><h2><strong>8. If I have multiple vouchers, which one will be bound first?</strong></h2><p>Binding priority:</p><ul><li>Voucher with the earliest expiry date</li><li>If expiry is the same → voucher received earlier binds first</li></ul><p><br></p><h2><strong>9. When does the voucher become invalid?</strong></h2><p>The voucher becomes invalid if:</p><ul><li>No position is opened before expiry</li><li>The bound position remains open when the voucher expires</li><li>You switch from follower → trader</li><li>The position closes with a profit (no loss to compensate)</li><li>The position existed before claiming the voucher (not eligible)</li></ul><p><br></p><h2><strong>10. Why didn’t the voucher bind even though I opened a new position?</strong></h2><p>Common reasons include:</p><ul><li>The trading pair already had an open position (not a new position)</li><li>Your role is Trader, not Follower</li><li>The voucher has expired or is invalid</li><li>The order was not executed via Smart Copy</li></ul><p><br></p><h2><strong>11. My protected position was liquidated. Can it still be compensated?</strong></h2><p>Yes, but depending on the liquidation scenario:</p><h3><strong>Multi-pair simultaneous liquidation</strong></h3><ul><li>Loss is calculated using bankruptcy price</li><li>No additional liquidation fees counted</li><li>Compensation applies if other conditions are met</li></ul><h3><strong>Single-pair liquidation</strong></h3><ul><li>Standard liquidation fees are included in the loss</li><li>Compensation applies based on total loss</li></ul><p><br></p><h2><strong>Conclusion</strong></h2><p>The Copy Loss Protection Voucher is a powerful risk-control tool that makes Smart Copy trading safer and more beginner-friendly. Understanding the rules and scenarios above will help you better determine whether your positions qualify for compensation.</p><p><br></p><p>If you have further questions, feel free to contact the <a href="mailto:cs@bydfi.com" target="_blank">BYDFi Support Team</a> — we’re always here to help!</p>

BYDFi Copy Loss Protection Voucher FAQ

BYDFi Copy Loss Protection Voucher FAQ｜BYDFi Help Center

<p><img src="https://uploads.bydfi.in/events/cms/BYD.1764237293036.image.png" alt="BYD.1764237293036.image.png" data-href="https://uploads.bydfi.in/events/cms/BYD.1764237293036.image.png" style="width: 100%;"/></p><p>A <strong>Trading Voucher</strong> is a reward issued by BYDFi for <strong>USDⓈ-M Futures trading</strong>.<br><br>When a user meets the required <strong>profit conditions</strong>, the voucher amount becomes <strong>withdrawable as cash</strong>.<br><br>If the requirement is not met, the voucher <strong>expires and is reclaimed</strong>.</p><p>Trading Vouchers are designed to <strong>motivate futures traders</strong> and provide <strong>additional rewards</strong> for profitable strategies.</p><p><br></p><h2><strong>Definition of the Trading Voucher</strong></h2><h3><strong>1. Supported Scope</strong></h3><ul><li>Only for USDⓈ-M Futures (USDT-M / USDC-M)</li><li>Not supported for COIN-M Futures</li></ul><h3><strong>2. Nature of the Voucher</strong></h3><ul><li>Does not increase available balance or wallet assets</li><li>Each voucher can be used once</li><li>Each position can bind only one voucher</li></ul><h3><strong>3. Cannot Open a Position Independently</strong></h3><ul><li>Cannot open a position alone</li><li>Must be paired with user funds (including Bonus)</li></ul><h3><strong>4. Not Affected by Fund Transfers</strong></h3><ul><li>Once bound, transferring funds out does not invalidate the voucher</li></ul><p><br></p><h2><strong>How the Voucher Takes Effect (Profit Conditions)</strong></h2><p>A voucher becomes withdrawable when the <strong>total PnL</strong><br><br>(<strong>including fees & funding fees</strong>) reaches the required <strong>profit multiple</strong>.</p><ul><li>If criteria are met → Voucher amount is credited to W001 Wallet</li><li>If not met → User bears losses → Voucher is canceled & reclaimed</li></ul><p><br></p><h2><strong>Voucher Binding Rules</strong></h2><h3><strong>1. Bound to the Position (Not Orders)</strong></h3><ul><li>Withdrawable status depends on overall position PnL</li></ul><h3><strong>2. Supports Adding Margin</strong></h3><ul><li>Adding to the position is allowed if the position was opened with a voucher</li><li>If the position existed before claiming → cannot bind</li></ul><h3><strong>3. Binding Requirements</strong></h3><ul><li>Initial margin ≥ voucher amount</li><li>Only market or limit orders can bind</li><li>Stop-limit / stop-market TP/SL orders cannot bind</li><li>Only when no existing position is present</li></ul><p>If a pending order is filled while a position already exists:<br><br>→ Binding is canceled<br><br>→ Voucher becomes available again</p><h3><strong>4. Forced FOK (Fill-or-Kill) Mode</strong></h3><ul><li>All voucher-bound limit/market orders use FOK</li><li>Ensures binding only to a new position</li></ul><h3><strong>5. Expiration Does Not Affect Positions</strong></h3><ul><li>When a voucher expires, only the voucher is removed</li><li>Position remains active</li></ul><p><br></p><h2><strong>Display Rules for Positions and Orders</strong></h2><h3><strong>1. Voucher Icons</strong></h3><ul><li>Voucher-bound positions show a voucher icon</li><li>Icon remains even if the voucher expires or becomes invalid</li></ul><h3><strong>2. Tap-to-View Details</strong></h3><p>Shows:</p><ul><li>Voucher amount</li><li>Voucher status</li><li>Required profit target</li><li>Expiration countdown</li></ul><h3><strong>3. Leverage Adjustment</strong></h3><ul><li>Changing leverage does not affect voucher validity</li></ul><p><br></p><h2><strong>Withdrawal Conditions (Isolated & Cross Mode)</strong></h2><h3><strong>Isolated Mode</strong></h3><ul><li>Position total profit ≥ sum of initial margins of all opening orders</li></ul><h3><strong>Cross Mode</strong></h3><ul><li>Position total profit ≥ sum of initial margins (based on average entry price)</li></ul><h3><strong>After Meeting Requirements</strong></h3><ul><li>Withdrawable amount credited to W001 Wallet after closing the position</li></ul><p><br></p><h2><strong>When a Voucher Becomes Invalid</strong></h2><p>A voucher becomes invalid when:</p><ul><li>Profit requirement is not met</li><li>Voucher expires</li><li>Bound opening order is canceled</li><li>Position closes without meeting profit criteria → reclaimed</li></ul><p><br></p><h2><strong>Situations Where Vouchers Cannot Be Used</strong></h2><p>Vouchers <strong>cannot</strong> bind when:</p><ul><li>Using chart-drawing order placement</li><li>Trying to bind to an existing position</li><li>Using stop-limit / stop-market TP/SL orders</li><li>Initial margin &lt; voucher value</li></ul><p><br></p><h2><strong>Summary</strong></h2><p>The <strong>Trading Voucher</strong> is a strategic incentive designed for <strong>USDⓈ-M Futures</strong> traders on BYDFi.<br><br>When the required profit is achieved, the voucher becomes <strong>withdrawable as cash</strong>, providing extra trading rewards.</p><p>With <strong>strict binding rules</strong>, <strong>FOK execution</strong>, and <strong>transparent withdrawal requirements</strong>, Trading Vouchers help boost trading motivation while preventing abuse and arbitrage.</p>

What Is BYDFi Trading Voucher

What Is a Trading Voucher?｜BYDFi Help Center

<p><img src="https://uploads.bydfi.in/events/cms/BYD.1764237892630.image.png" alt="BYD.1764237892630.image.png" data-href="https://uploads.bydfi.in/events/cms/BYD.1764237892630.image.png" style="width: 100%;"/></p><p>To help users better understand how Trading Vouchers work—and avoid common binding or withdrawal issues—we’ve compiled the following FAQ.<br><br>This guide will help you quickly grasp voucher binding conditions, withdrawal criteria, expiration rules, and various exceptional situations, ensuring a smoother experience when using Trading Vouchers in USDⓈ-M Futures trading.</p><p><br></p><h2><strong>1. I have a Trading Voucher and my opening margin meets the requirement. Why can’t I select the voucher?</strong></h2><p>Possible reasons:</p><ul><li>Your Bonus balance exceeds the allowable range, and the current position mode supports using Bonus, making the voucher unavailable.</li><li>There is already an open position in the same trading pair, which does not meet the “new position” requirement.</li><li>The voucher has already been successfully bound to another position.</li></ul><p><br></p><h2><strong>2. Why was my voucher bound to the order initially, but not bound after the order was filled?</strong></h2><p>At the moment the order is filled, the system re-checks whether a position already exists.<br><br>If a position is detected, the voucher binding becomes invalid.</p><p><br></p><h2><strong>3. Why did my market order fail to bind the voucher even though I selected it before placing the order?</strong></h2><p>Possible reasons:</p><ul><li>At the moment of execution, the system detected an existing position → voucher binding becomes invalid.</li><li>Market volatility caused the actual opening margin to fall below the voucher value, making the order ineligible for binding.</li></ul><p><br></p><h2><strong>4. Why can't I use a USDC voucher on a USDT contract?</strong></h2><ul><li>USDC vouchers → Only for USDC contracts</li><li>USDT vouchers → Only for USDT contracts</li></ul><p><br></p><h2><strong>5. I’ve reached 3× profit, but the system says I haven’t met the withdrawal requirement. Why?</strong></h2><p>The profit multiplier is calculated using total initial margin across all opening entries, including any added margin.</p><p>Example:</p><ul><li>Initial opening margin: 110U</li><li>Added margin: 100U</li><li>Total margin = 210U Required profit = 3 × 210U = 630U</li></ul><p><br></p><h2><strong>6. My position's current margin is only 10U, but I already earned 35U. Why can’t I withdraw?</strong></h2><p>Profit requirements are based on the initial margin at the time of opening, not the latest margin after funding/fee deductions.</p><p>Example:</p><ul><li>Isolated ETHUSDT, size 0.1, price 3000, 10× leverage</li><li>Initial margin = 30U Even if the margin later drops to 10U due to fees, withdrawal requirement = 3 × 30U = 90U, not based on the new margin.</li></ul><p>Cross mode follows the same logic.</p><p><br></p><h2><strong>7. All conditions are met—why can't my order bind the voucher?</strong></h2><h3>Possible reasons:</h3><p><strong>Manual Binding Mode:</strong></p><ul><li>Orders using vouchers are submitted as FOK (Fill-or-Kill).</li><li>If FOK cannot fully execute → the order is canceled → voucher cannot bind.</li></ul><p><strong>Auto Bind Mode:</strong></p><ul><li>System still attempts FOK execution.</li><li>If FOK succeeds → voucher binds successfully.</li><li>If FOK fails → the order becomes a normal limit order in the order book, but cannot bind a voucher.</li></ul><p><br></p><h2><strong>8. Why can’t I bind a voucher when opening a inverse position?</strong></h2><ul><li>If Auto-Binding is enabled → voucher will bind if all conditions are met.</li><li>If Manual Binding is enabled → inverse orders will never bind vouchers, even if eligible.</li></ul><p><br></p><h2><strong>9. Why does my voucher show “Canceled” after I cancel an order?</strong></h2><p>Because the voucher was bound to that order. When you cancel the order, the voucher binding is also canceled and can be bind to other position.</p><p><br></p><h2><strong>10. Why does my position remain open after the voucher expires?</strong></h2><p>Voucher expiration only removes the voucher itself. It does not affect your position, which continues to operate normally.</p>

BYDFi Trading Voucher FAQ

BYDFi  Trading Voucher FAQ｜BYDFi Help Center

<p><img src="https://uploads.bydfi.in/events/cms/BYD.1764236808344.image.png" alt="BYD.1764236808344.image.png" data-href="https://uploads.bydfi.in/events/cms/BYD.1764236808344.image.png" style="width: 100%;"/></p><p>A Copy Loss Protection Voucher is a platform-issued compensation voucher designed for <strong>Smart Copy</strong> trading. When eligible conditions are met, the voucher can compensate actual losses generated from copy-traded positions, helping users reduce risk and copy trade with greater confidence.</p><p><br></p><h2><strong>Feature Definition</strong></h2><h3><strong>1. Usage Scenario</strong></h3><ul><li>Only applicable to Smart Copy</li><li>Not applicable to Diverse Follow</li></ul><h3><strong>2. Protection Mechanism</strong></h3><p>After receiving the voucher, if the first Smart Copy position opened after voucher activation incurs a loss, the loss will be compensated.</p><p>Compensation covers:</p><ul><li>Order PnL</li><li>Trading fees</li><li>Funding fees</li><li>Liquidation costs (based on rules)</li></ul><h3><strong>3. Special Liquidation Rules</strong></h3><ul><li>Multi-pair simultaneous liquidation: Loss settled at bankruptcy price; no additional liquidation fees counted</li><li>Single-pair liquidation: Normal liquidation fees included in compensation</li></ul><h3><strong>4. Restrictions</strong></h3><ul><li>One voucher can only protect one copy trade position</li><li>Voucher usage is restricted to followers only; traders are not eligible.</li></ul><p><br></p><h2><strong>How to Obtain a Copy Loss Protection Voucher</strong></h2><p>Vouchers are issued to your Copy Wallet, and compensation is also paid into your Copy Wallet.</p><h3><strong>Ways to Obtain</strong></h3><p><strong>Event Rewards</strong></p><ul><li>The voucher can be claimed after completing specified event tasks</li></ul><p><br></p><h2><strong>Usage Rules</strong></h2><h3><strong>1. Compensation Conditions</strong></h3><ul><li>Only the first Smart Copy position opened and later closed with a loss (after voucher activation) is eligible</li><li>Compensation amount: capped at the voucher amount</li></ul><h3><strong>2. Opening & Validity Period</strong></h3><p>The protected position must <strong>open & close</strong> within the voucher’s valid period.</p><ul><li>Not opened → invalid</li><li>Opened but not closed before expiry → invalid</li></ul><h3><strong>3. Compensation Distribution</strong></h3><ul><li>Compensation is issued daily at 02:00 UTC to your Copy Wallet</li></ul><h3><strong>4. Position-Binding Rules</strong></h3><p>The voucher is automatically bound to the first newly opened Smart Copy position after the voucher is claimed.</p><ul><li>Once bound, it cannot be changed</li><li>If multiple vouchers exist, binding priority is: Earlier expiry. If expiry is identical → earlier received voucher binds first</li></ul><h3><strong>5. Expiry Conditions</strong></h3><p>A voucher becomes invalid if:</p><ul><li>No position is opened before the voucher expires</li><li>The bound position remains open after voucher expiry</li><li>The follower becomes a trader</li><li>The position closes with a profit (no loss to compensate)</li></ul><h3><strong>6. Binding Logic Examples</strong></h3><h4><strong>Scenario 1</strong></h4><p>After claiming the voucher, you follow Trader A:</p><ul><li>Position 1: BTCUSDT (open)</li><li>Position 2: BTCUSDT (open) ➡ Both are under Trader A and treated as the same protected position.</li></ul><h4><strong>Scenario 2</strong></h4><p>After claiming the voucher, you follow Trader A:</p><ul><li>Position 1: BTCUSDT (closed)</li><li>Position 2: BTCUSDT (new open) ➡ Only Position 1 is covered.</li></ul><h4><strong>Scenario 3</strong></h4><p>After claiming the voucher:</p><ul><li>Follow Trader A: BTCUSDT (open)</li><li>Follow Trader B: BTCUSDT (open) </li></ul><p>➡ Only Trader A’s position is covered.</p><h4><strong>Scenario 4</strong></h4><p>You already followed Trader A and opened Position 1 <em>before</em> claiming the voucher:</p><ul><li>Position 1: BTCUSDT (open)</li><li>Claim voucher</li><li>Position 2 opened afterward </li></ul><p>➡ Neither position is eligible for coverage.</p><p><br></p><h2><strong>Summary</strong></h2><p>The Copy Loss Protection Voucher is a risk-reducing tool designed specifically for <strong>Smart Copy</strong> users. It reimburses eligible losses on the first new copy-traded position opened after voucher activation.<br><br>With clear binding rules, compensation logic, and defined expiry conditions, this voucher helps followers manage risk and build confidence in their copy-trading journey on BYDFi.</p>