1. What is a Toobit Futures Position Voucher?
The Toobit Futures Position Voucher is an exclusive benefit voucher issued by the platform to support users participating in futures trading. Users can use the margin provided by the position voucher to open futures positions and trade in a real market environment, allowing users to better understand trading mechanics and gain practical experience.
Depending on the voucher type and rules:
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In some cases, positions can be opened without using your own funds.
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In others, the voucher must be used in combination with your own margin, effectively lowering the entry barrier to futures trading.
2. How to use a Position Voucher
Web:
2.1 View your Futures Position Vouchers
Step 1: Go to [Rewards Hub]→[Vouchers], select [Futures Position Voucher] to view the vouchers you have. Click [Use now] to enter the Futures trading page and select a trading pair.
Step 2: A quick access to position vouchers is provided at the bottom right of the Futures trading page. Click to open a position using the current trading pair.
2.2 Use Futures Position Voucher
Step 1: Click [Use] on the voucher and select your position direction: Long / Short.
Step 2: Before using the voucher, the following conditions must be met:
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The selected trading pair must be in isolated margin mode (not cross margin).
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Your USDT futures account balance must meet the minimum requirement.
Step 3: Click [Use now] and confirm in the pop-up window. Then select the direction and place the order to open your position.
Step 4: Once used, a trial position will be created. You can distinguish it from regular positions via the [Trial Position] tag and the position countdown.
App:
1. View your Futures Position Vouchers
Step 1: Go to [Vouchers] – [Futures Position Vouchers] to view the vouchers you have. Tap [Use now] and select a trading pair.
Step 2: You can also access the quick entry for Futures Position Vouchers at the bottom right of the Futures trading page for faster usage.
2. Use Futures Position Voucher
Step 1: Tap [Use now] and then select the target trading pair in the pop-up. You'll be automatically redirected to the corresponding Futures trading page.
Step 2: Choose your position direction (Open long / Open short) on the order page, then confirm to place the order.
Step 3: Once successfully used, a corresponding trial position will be created. You can distinguish it from regular positions via the [Trial Position] tag and the position countdown.
3. Instructions for using Futures Position Vouchers
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Please follow the platform process to claim the Futures Position Voucher. When the voucher status displays as [In use], it can be used to open positions.
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Trading restrictions: Voucher-based trades are subject to limits such as leverage, position size, and order type. Leverage cannot be adjusted while holding positions, and the voucher will be reclaimed after closing positions.
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Validity period: Use the voucher before expiry. Expired vouchers will become invalid.
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Time limit: Trial positions include a countdown. Once it ends, the system will automatically close the position and reclaim the voucher.
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Reminder: Please closely monitor market trends and adjust your strategy accordingly
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Usage scenario: Only valid for live trading (not demo trading).
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Fee rules: Only your own funds are eligible for fee rebates. The voucher portion does not qualify.
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Supported order types:
Market open
Close position
Flash close
Take-profit / stop-loss
Partial close (limit)
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Not Supported:
One-click reverse
Guaranteed TP/SL
Position splitting
4. Position Experience Voucher types and offset
4.1 Profit and offset rules
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Profits generated using vouchers belong to the user after closing the position and will be credited to the available balance of the futures account.
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When a loss occurs:
If own funds are used → losses are deducted from your funds first; the voucher covers any shortfall.
If no own funds → losses are fully covered by the voucher.
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Vouchers can be used to offset trading losses, trading fees, and funding fees.
4.2 Voucher types
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Standard version: Voucher is provided by the platform and can be used to offset fees, funding fees, and liquidation losses.
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Margin version: Users are required to invest their own funds and open positions together with vouchers; fees and funding fees are deducted from user funds first. In case of loss, the principal is deducted first, and the insufficient part will be assumed by the vouchers.
4.3 Requirements for using the margin version
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A minimum amount of user funds is required.
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If your USDT-margined futures balance is below the requirement, the voucher cannot be used.
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Available Voucher Value = (Vouchers + Margin) × Assigned Leverage.
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The margin consists of both voucher funds and the user funds, and position adding is supported.
5. Usage restrictions
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Only available in isolated margin mode.
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Only one voucher per user at a time, and each voucher can only be used once.
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Vouchers and trial funds cannot be used together.
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If there are open orders or positions in the specified pair (whether Cross or Isolated), you cannot use the voucher to open positions.
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Using the voucher to open positions is subject to the maximum position limits.
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When opening positions, you must use the predefined leverage (manual adjustment not allowed).
6. Reclaim rules
In the following situations, the system will reclaim the vouchers:
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When a position (fully or partially) opened with a voucher is closed.
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If the voucher expires unused.
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When the voucher expires, the relevant position will be closed at the current market price.
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If the order used vouchers is not filled.
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If liquidation or partial close occurs.
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If the order is only partially filled, the unused portion will be reclaimed.
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FAQs
1. Can vouchers be combined or transferred?
No. Only one voucher can be used per position, and vouchers are non-transferable.
2. How are profits and losses handled?
Profits belong to the user. Losses are deducted from user funds first, then covered by the voucher.
3. Can vouchers expire or be reclaimed?
Yes. Expiry, unfilled orders, position closure (including liquidation), or time limits will trigger reclamation.
4. Why is my actual position size smaller than the voucher value?
Due to trading fees, price fluctuations, and minimum order size restrictions, not all funds may be used.
5. What are the requirements for using the voucher?
- Must use isolated margin mode.
- No open orders or positions.
- Must meet margin requirements (if applicable).
6. Can profits from voucher trading be withdrawn?
Yes, provided platform rules are met. Profits are credited to your futures account and can be traded or withdrawn.
Disclaimer and Risk Warning:
Toobit reserves the right to take appropriate action against any accounts found engaging in malicious activities, including, but not limited to, fraudulent claims for vouchers, rewards, or position vouchers. Toobit also retains the right of final interpretation for all terms, conditions, and usage rules related to the position vouchers.
All examples and descriptions are for product illustration purposes only and do not constitute investment advice. Cryptocurrency trading involves significant risk and may result in loss of funds. Please trade responsibly and understand the risks involved. Toobit is not responsible for any trading decisions made by users.
