OKX Contract Vouchers are a type of promotional reward that provides users with margin to open a perpetual contract position. The funds associated with a voucher are separate from the user's own capital and cannot be used simultaneously. Each voucher is a single-use instrument for opening a perpetual contract position. When a position is closed, if the remaining balance (after deducting trading fees) is greater than the voucher's face value, the profit is automatically transferred to the user's trading account. If the balance is less than the face value, OKX covers the remaining costs, and the user incurs no loss.
Key Benefits of Using Contract Vouchers
- Risk-Free Exploration: Users can open a perpetual contract position without committing their own funds, making it an excellent tool for learning and experimentation.
- User-Friendly: The process of claiming and using vouchers is straightforward and integrated into the OKX platform.
- Profit Potential: Any profits generated from a successful trade are automatically credited to your account upon closing the position.
How to Find and Claim Your Contract Vouchers
Contract vouchers are exclusively available on the OKX App, version 6.1.46 or higher. The method for locating them depends on your app version.
- For App Version 6.1.46: Vouchers can be found on notification cards displayed on the app's homepage.
- For App Version 6.1.48 and Above: Navigate to your User Center, then proceed to 'Rewards & Privileges' > 'Rewards Center' > 'My Rewards' to access your available vouchers.
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A Step-by-Step Guide to Using Your Voucher
Using a contract voucher is a simple process, but it's governed by specific rules to ensure fair use.
- Open a Position: Each voucher can only be used for the specific contracts and leverage multiples listed on the event page. You can open a maximum of one position per voucher. When you open a position using a voucher, it will use the cross-margin mode at the current market price.
- Manage Your Position: You can view and close the opened position from the 'Positions' page. Positions opened with a voucher can only be closed at the market price. Note that you cannot adjust the leverage after the position has been opened.
- Voucher Application: Vouchers are restricted to specific trading pages. They are automatically applied when you open an eligible position. In extremely volatile market conditions, if a voucher is used for a partially filled order, it will not be restored.
Important Terms and Conditions
Before using a voucher, please be aware of the following terms:
- Vouchers have an expiration date. Any unused voucher will become invalid after its expiry and cannot be recovered.
- The voucher amount itself is non-transferable between accounts. However, any profits earned from trading are automatically deposited into your trading account.
- OKX strictly prohibits malicious activities, including bulk registration and profiting through bad faith. Violations will result in severe measures, including revoking event participation rights and reclaiming any unlocked vouchers.
- OKX reserves the right to modify, change, or cancel contract vouchers at any time and for any reason without prior notice.
- OKX holds the right of final interpretation regarding all matters related to contract vouchers.
Frequently Asked Questions
Q: What exactly is an OKX Contract Voucher?
A: It's a promotional reward that acts as margin, allowing you to open a specific perpetual contract position without using your own capital. It's a great way to learn and potentially earn profit risk-free.
Q: What happens if my trade is not profitable?
A: The key benefit is user protection. If the position's value (after fees) is less than the voucher's value upon closing, OKX absorbs the loss. You will not lose any of your personal funds.
Q: Can I withdraw the voucher's value directly to my wallet?
A: No, the voucher's face value is not transferable or withdrawable. Its sole purpose is to provide margin for a trade. However, any profit you make from a successful trade is yours to keep and withdraw.
Q: Where can I find my available vouchers in the OKX app?
A: The location depends on your app version. For newer versions (6.1.48+), go to User Center > Rewards & Privileges > Rewards Center > My Rewards. For version 6.1.46, check the notification cards on the homepage.
Q: Can I use multiple vouchers at once or adjust leverage?
A: No. You can only use one voucher per position, and you cannot adjust the leverage after the position is opened. The leverage and contract are predetermined by the voucher's terms.
Q: What should I do if my voucher disappears?
A: First, check the expiry date. Vouchers are invalid after they expire. Also, ensure you are looking in the correct section of the app for your specific version. If problems persist, 👉 check the official support channels for assistance.