What is a bonus?
The bonus can be used as the margin in contract trading.The bonus cannot be withdrawn, but the profit generated by trading with the bonus can be withdrawn.
As shown, this is a [Standard Contract Bonus], which contains the following information:
- Value: 10 USDT
- Leverage: 10X
- Closing Rule: Order will automatically close after 24 hours
- Validity: 2022-04-03
How to use the bonus
1.Log in to the BingX app, click on the avatar in the top left corner, and enter [My Rewards].
2.You can see the type and quantity of bonuses you have in [My Rewards]. The types of bonuses are divided into [Standard Contract Bonus] and [Perpetual Swap Bonus]. Please read the details about the use of bonuses before trading, as shown in the following image.
3.As shown in the image below, click [Use] to enter the [Standard Contract Bonus] page.
4.Below is an example of using the [Standard Contract Bonus]. Click on the [USDT Account] to see the [New Bonus] prompt. Here you can select the bonus to open a position.
5.Below is an example of using the [Perpetual Swap Bonus]. Image 1 is the simplified version while image 2 is the full version. Click "Bonus Selection" to choose a bonus to open a position.
Standard Contract VS Perpetual Swap
|
Contract Type |
Perpetual Swap |
Standard Contract |
|
Order Account |
Perpetual Swap Account |
Standard Contract - USDT Bonus Account |
|
Order Mode |
Requires a margin |
Can be traded directly without a margin |
|
Bonus Limit |
Limit by margin |
Limit by leverage |
|
Usage Limit |
1 bonus per transaction, for single-use only |
1 bonus per transaction, for single-use only |
|
Time Limit |
The position has no expiry date |
The position will close automatically after 24 hours |
|
Order Type |
Limit order, Market order |
Market Order |
|
PnL |
Profit: User keeps all profit generated by the bonus Loss: Preferential deduction of the bonus until it is fully utilized |
Profit: User keeps all profit generated by the bonus Loss: Preferential deduction of the bonus until it is fully utilized |
Bonus Terms and Conditions
- The bonus can be used as the margin in contract trading.
- Every bonus can be used once only. The reusing of bonuses is not supported at this time.
- The orders placed with Standard Contract bonus will be closed automatically after 24 hours.If you want to close the position manually, please do so before then; this limitation does not apply to Perpetual Swap.
- Some bonuses may need to meet the specified trading volume (including leverage) before they can be activated. Please refer to the bonus details page for instructions.
- Please note the "maximum leverage" limit when placing orders with the bonus. If it is exceeded, it cannot be used.
Note: BingX uses bonus as a reward to give back to our users. Please do not use unfair method to get the bonus. Any users involved in unfair activities will be removed.