Futures Bonus Voucher Terms and Conditions

Futures Bonus Voucher Terms and Conditions:

• After you redeem a Future Bonus Voucher, a bonus will be credited into your Futures wallet. You can check the bonus distribution from [Wallet] - [Futures].
• Bonuses are denominated in a specific cryptocurrency and can only be applied to Futures contracts (USDⓈ-M Futures and COIN-Margined contracts) quoted and collateralized in the same cryptocurrency. For example, USDT bonus only applies to USDT-margined contracts. It cannot be applied to the accumulated PNL incurred from trading COIN-margined contracts.
• Sub-accounts are not eligible for bonus vouchers.
• Bonuses can only be used on the Binance Futures Wallet. Once redeemed, you cannot transfer it to other wallets.
• The availability period of the Futures Bonus Voucher will vary according to the rules of each promotion. Please ensure that you claim the Futures Bonus Voucher while it is available in the Rewards Hub by clicking [Use Reward], otherwise you will not be able to claim your reward.
• Once claimed, the Futures Bonus Voucher will be valid for 30 days. If no qualifying futures trades are made on your Futures Account within 30 days of claiming the Futures Bonus Voucher, then your reward will be forfeited.
• Once forfeited, the Futures Bonus Voucher will become void and will be removed from your Futures Wallet, and you will not be entitled to a replacement reward.
• Binance reserves the right to cancel or amend the promotion rules at its sole discretion at any time and without prior notice, and all participants will be bound by such changes.
• Futures Bonus Vouchers and related promotions are strictly only available to eligible users who are enabled for Binance Futures services, and may not be available or may be restricted in certain jurisdictions or regions, or to certain users, depending on legal and regulatory requirements. These Futures Bonus Vouchers and related promotions are not intended for users/countries to which restrictions apply. To comply with local regulations, certain Rewards Hub features may not be available in your region.
• All eligible users are responsible for informing themselves about and observing any restrictions and/or requirements imposed with respect to the access to and use of Binance Futures services in each country from which the services are accessed.
• Binance reserves the right to the final interpretation of the terms and conditions of using Futures Bonus Vouchers.
• You can use bonuses as collateral for Futures trading.
• Any losses incurred during Futures trading can be offset against the bonus amount.
• You can withdraw any profits generated by the bonus voucher.
• You cannot withdraw the bonus voucher amount, however. It will stay in your Futures Wallet until the following condition is met:
  • Bonus Amount + Net Realized PNL ≤ 0
    • (“Net Realized PNL” excludes the Insurance Clearance, commission, and funding fees.)
    • Net Realized PNL will be reset to 0 if the account has no trades or positions in the past 60 days for VIP 0, and 90 days for other VIP levels.

• User A can withdraw the 10 USDT profit from their Futures Wallet.
• However, the bonus amount will be held in their Futures Wallet as the bonus amount + realized PNL > 0.
  • 5 USDT (bonus amount) + 10 USDT (Net realized PNL) = 15 USDT

• The bonus amount can be withdrawn from User B’s Futures Wallet as the condition was met:
  • 5 USDT (bonus amount) + 10 USDT (realized PNL from the first trade) + -18 USDT (realized PNL from the second trade) = -3 USDT

• 5 USDT (bonus amount) + -4 USDT (realized PNL from the first trade) + 0.75 USDT (realized PNL from the second trade) = 1.75 USDT
• As the 1.75 USDT is retained as collateral in User C’s Futures Wallet, the total amount they can transfer out of their Futures Wallet is limited to 4 USDT (5 + 0.75 - 1.75).