What Is the LBank Futures Bonus Program?
The LBank Futures Bonus Program is a powerful incentive offered to users participating in futures trading through various operational and promotional activities. This unique feature sets it apart from traditional trading platforms, allowing traders to gain an edge through bonuses that enhance their trading capabilities. In this article, we will explore the details of the LBank Futures Bonus Program. Exploring how it works, its rules, and how it can be harnessed for successful futures trading.
The Basics of Futures Bonus
The Futures bonus is a reward that differs significantly from real funds. When you receive a bonus, it is sent directly to your USDT Futures trading account, where it can only be utilized for Futures trading activities. Unlike real funds, it cannot be transferred to Spot wallets or withdrawn. The main aim of this program is to encourage traders to actively participate in Futures trading and benefit from the unique advantages it offers.
Understanding Futures Bonus — FAQs
To gain a more comprehensive understanding of the LBank Futures Bonus Program, here are some frequently asked questions:
1.How to Check Your Futures Bonus?
To check your Futures bonus, simply access your wallet on the LBank website.
2. How to Use the Futures Bonus for Trading?
If your account only contains Futures bonuses, you can use them as margins to participate in trading. Any profit generated from trading beyond the bonus amount can be transferred to your Spot account for withdrawal.
For Example: If you have a 100 USDT Futures bonus and earn a profit of 20 USDT, the total amount in your Futures account will be 120 USDT. You can choose to keep, transfer, or withdraw the 20 USDT profit. However, transferring the profit out of your Futures account will trigger the automatic recovery of all remaining Futures bonuses.
3. Combining Self-Owned Funds and Futures Bonuses
If your account contains both self-owned funds and Futures bonuses, you can open positions using the combined amount. This can increase your potential profits.
For Example: If you have 50 USDT in self-owned funds and 50 USDT in Futures bonus, you can open positions up to a total of 100 USDT. However, it’s essential to remember that transferring realized profits from your contract account will result in the automatic recovery of remaining Futures bonuses.
4. How Are Bonuses Deducted?
Futures bonuses are deducted after self-owned funds. In cases where both self-owned funds and Futures bonuses are present in your account, any fees and losses generated during trading are deducted from self-owned funds first.
For Example: If you have 50 USDT self-owned funds and 50 USDT in Futures bonuses and incur a loss of 40 USDT, your self-owned funds will be left with 10 USDT, and you will still have 50 USDT in bonus remaining.
5. Trading Bonus vs. Real Funds
It’s essential to distinguish between trading bonuses and real funds. Trading bonuses are trial funds sent to your Futures trading account and can only be used for futures trading. They cannot be transferred to your Spot wallet or used for withdrawals. However, any profit generated from trading bonuses can be withdrawn.
6. How Does the Futures Trading Bonus Work?
When you receive a trading bonus in your USDT contract trading account, you can use it to open positions just like you would with your self-owned funds. If you close a position with a profit, you have the flexibility to keep, transfer, or withdraw the realized profit. However, transferring the profit out of your futures account will result in the automatic recovery of all remaining trading bonuses.
In cases of losses or forced position closures, the trading bonus bears 50% of the losses, including transaction fees and funding fees incurred during holding the position. If you have both self-owned funds and trading bonuses in your futures account, 50% of the fees and losses will be deducted from the trading bonus first.
Rules for Futures Bonus
To effectively leverage the LBank Futures Bonus Program, it is crucial to understand the rules and guidelines governing it:
- Usage Restrictions: The Futures bonus can only be used for Futures trading, but the profits earned are fully withdrawable. This enables traders to earn real profits through their bonus trading activities.
- Application Areas: Futures bonuses can be employed for various aspects of trading, including trading margins, fees, funding rates, and losses. LBank retains the right to make adjustments based on specific promotional activities.
- Recovery Mechanism: Transferring funds from a Futures account to a Spot account or initiating a withdrawal will trigger an automatic recovery process, where all remaining Futures bonuses are reclaimed by the system.
- Validity Period: By default, a Futures bonus is valid for 30 days, after which it is automatically cleared. Traders are encouraged to use the bonus before it expires, keeping in mind that LBank may make adjustments according to specific activities.
- No Cheating: LBank strictly prohibits the use of multiple email accounts to receive multiple Futures bonuses. Engaging in such behavior will result in account freezing and disabling.
- LBank’s Discretion: LBank reserves the right to make the final interpretation of the Futures bonus, including the ability to modify, change, or cancel the program without prior notice.
Wrapping Up
The LBank Futures Bonus Program provides traders with a unique opportunity to enhance their futures trading capabilities and boost their profits. By understanding the rules and guidelines governing this program, traders can effectively leverage bonuses to their advantage. Whether using bonuses for margins, fees, or to increase opening positions, the program’s flexibility is a valuable asset. However, it’s essential to be aware of the recovery mechanisms associated with transferring profits or funds.
Overall, the LBank Futures Bonus Program is a powerful tool for traders seeking an edge in the world of futures trading. While it may have specific rules and limitations, when used effectively, it can significantly enhance a trader’s experience and potential for success.
Disclaimer: Derivatives are often volatile, and this can be a risky investment. The information provided in this article is solely for educational purposes and shouldn’t be regarded as financial advice.
