Articles in this section

Beginner's Guide 6 Introduction to Rebate Voucher

Trading Made Easy
  • Updated

 What is a Rebate Voucher?

Users get to enjoy rebate for their trading fee with the rebate voucher.

IMG_0288.jpg

As shown in the image, this is a [Rebate Voucher] that contains the following information: 

  • Value: 10 USDT
  • Valid until 2022-04-04

 

How to Use the Rebate Voucher

1.Log in to the BingX app, click on the avatar in the top left corner, and enter [My Rewards]. 

Lark20220217-143111.jpg

IMG_0237.jpg

2.Select [Rebate Vouchers] and click [Use], which will bring you to the usage portal. 

pic.png

3.Below is an example of using a rebate voucher for a contract trade. If you select a 10 USDT voucher, the system will prompt you with [Max. Rebate upon Order 10 USDT].You can use the rebate voucher repeatedly before its expiry or until the credit is fully utilized. If you have a 10 USDT rebate voucher and incur a 5 USDT fee on the first day, you will receive 5 USDT back and the balance of the voucher becomes 5 USDT, which can be used the next time. 

IMG_0305.jpg

Settlement Rules

  1. The rebate amount will be automatically settled on the next day by the system.
  2. The transaction fees incurred on the previous day are calculated and refunded to users' "Fund Account" with the fund statement indicating "Rebate (From Voucher)".
  3. There is an expiration date for each rebate voucher, which can be used n part until the amount is fully utilized. (E.g. User A has a rebate voucher of 20 USDT and incurs a 5 USDT on the first day. With the rebate voucher, 5 USDT is refunded and the balance of the voucher becomes 15 USDT). 
  4. The rebate settlement will follow your trading currency.E.g. User A has a rebate voucher of 50 USDT. 0.01 ETH, valued at 45 USDT, is charged as the trading fee for a coin-margined contract. In this case, the platform will refund 0.01 ETH (i.e. 45 USDT) to user A, making the rebate voucher's balance 5 USDT.
  5. Spot: Converted at the order price. Coin-Margined Contract: Converted at the closing price at the time of closing.

 

Terms and Conditions

  1. Use case: Trade → Use rebate voucher → Trading fee incurred → Trading fee refunded
  2. Valid for spot and contract trading (invalid for copy trading, arbitrage bot, perpetual swap, and orders that are placed with a bonus).
  3. Spot: Trading fees are only charged for filled orders.If the limit order isn’t successfully filled, there will not be any fees.
  4. Standard Contract: Trading fees are only charged at the time of closing.Therefore, there will not be any fee rebate for open orders.
  5. As trading fees are only charged at the time of closing, the “Max. Rebate upon Order” is for reference only. The actual amount shall prevail.
  6. The rebate fees are excluded from “Referral Commission”
  7. Orders placed with a bonus or VST are ineligible for rebates.
  8. Check the amount and expiry of the rebate voucher in [My Rewards]. Please use the voucher before it expires.

 

How to Get the Rebate Voucher

There are several ways to get them, as shown below. Please keep a lookout for the latest event on the platform.

  1. Event Rewards
  2. New User Rewards

Related articles