How to Use Copy Loss Protection Vouchers? (Futures)

2024-07-22 03:49
Introduction
Terms & Conditions

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Binance Futures Copy Trading Loss Protection allows you to cover the full or partial amount of any losses incurred from Futures Copy Trading.

Displayed on the Futures Copy Trading page, the Copy Loss Protection Voucher enables selected users to protect themselves against full or partial losses. Once claimed, the first copy portfolio opened will be protected up to the maximum amount indicated in the voucher.

Copy Loss Protection Details

DescriptionDetails
Eligible UsersSelected Copy Traders
Portfolio TypeFutures Copy Trading Portfolios
Number of Portfolios AppliedFirst portfolio opened after loss protection voucher is claimed
Loss Protection CoverageUp to the amount indicated in the voucher (i.e., 10 USDT, 20 USDT, etc.) based on the portfolio’s total PNL
Claim PeriodNumber of days a user can claim the voucher
Expiration PeriodNumber of days a user can use the voucher after claim date

Note: Only selected users may be eligible to receive Copy Loss Protection Vouchers at a given time.

How to claim Copy Loss Protection vouchers?

Step 1: Log in and go to the Futures Copy Trading page

On website: Go to Binance Futures Copy Trading and log in to your Binance account.

On app: Open the Binance App, go to [Futures] - [Copy].

Step 2: Claim the Voucher

Click [Claim] to receive the voucher and agree to the terms and conditions. Please note the following details:

  • Claim Period: The number of days you can claim the voucher. After this period, it can no longer be claimed.
  • Claim Amount: The maximum amount that can be compensated for your copy trading losses.

Step 3: Copy a Futures Portfolio

Select a Futures lead trading portfolio and click [Copy]. The Copy Loss Protection Voucher only applies to the first portfolio copied after claiming the voucher. A tag will indicate that the portfolio is protected by the voucher.

Please note the voucher’s expiration date. You must copy a portfolio within the indicated period after claiming the voucher.

For more details on how to copy portfolios, please refer to this guide.

Step 4: Manage your Copy Portfolio

Click [Copy Trader] - [Futures Overview]. The portfolio covered by the voucher will display a tag with these details:

  • While Active: “In Loss Protection” tag will be shown
  • When Closed: The settled loss protection amount will be shown. The system will automatically cover losses up to the maximum amount indicated in the voucher based on the portfolio’s total PNL. If the portfolio’s total PNL is positive, no compensation will be provided. You will receive the compensated amount in your Spot Wallet (if applicable).
    • For example, the portfolio’s total PNL is -5 USDT and the voucher amount is 10 USDT, only 5 USDT will be compensated.

Note:

By claiming the Copy Loss Protection Voucher, you agree that you have read, understood, and accepted the Copy Loss Protection Voucher Terms and Conditions. You acknowledge and agree that you will be bound by and will comply with these Terms, as updated and amended from time to time.

Risk Disclaimer:

Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur.

The risk in futures trading is that loss of your entire investment within a relatively short period of time is comparatively high. Therefore, you are advised to read carefully and ensure you understand the terms under Futures Services Agreement. If you create contingent orders, such as “stop loss” or “stop limit” order, such orders will not necessarily limit your losses to the intended amount; market conditions may make such limits unviable. Furthermore, as “leverage” is allowed in trading, please note that it can work both for you and against you. Exploiting such “leverage” may lead to larger losses or higher profits.

In no way is performance or results guaranteed. Past performance is not a reliable indicator of his future performance. This content is presented to you on an "as is" basis for general information, without representation or warranty of any kind. Content on our platform does not contain advice or recommendations. This material should not be construed as financial advice. For more information, see our Terms of Use and Risk Warning and Responsible Trading Policy.

This product may not be available in certain countries and to certain users. This content is not intended for users/countries to which prohibitions/restrictions apply. Binance reserves the right to change, modify or impose additional restrictions with respect to the access to and use of any products and/or services offered from time to time in its sole discretion at any time without notification.