1. What is a Futures Deposit Coupon?
Futures Deposit Coupons on the XT platform come in two forms:
- Coupons: Viewable in the Rewards Hub
- Coupon Balance: Viewable in the Futures Account
To use the coupon, users must convert it into a coupon balance, which can then be used together with personal funds as margin. The coupon itself cannot be withdrawn, but any profits generated from trades using the coupon can be withdrawn.
By using Futures Deposit Coupons, users can increase their futures trading capacity at zero cost. This allows users to better understand how it works and the potential returns and experience the excitement and opportunities of futures trading without bearing additional capital risks.
2. Key Features of Futures Deposit Coupon
Applicable Scope
XT Futures Deposit Coupons are currently only available for USDT-Margined Futures.
They can only be used as margin along with personal funds, and cannot be used to offset trading fees, funding rates, or position losses.
Product Features
- Provides more trading opportunities without increasing your actual capital investment.
Activation Limits
- Each coupon can only be activated once and cannot be combined with other coupons.
Expiration Rules
- If funds are transferred out of the futures account (e.g., via smart copy trading) during the coupon's validity period, the system will automatically reclaim the coupon.
Trading Limitations
When using a mix of personal funds and coupon balance as margin, the maximum opening size is calculated as:
(Personal Funds + Coupon Balance − Estimated Maintenance Margin − Estimated Fees)
3. How to Use a Futures Deposit Coupon
1. How to View the Deposit Coupon
After receiving a coupon (e.g., through campaigns or promotions), check it via:
- APP: Home → Tap your Avatar (top left) → Rewards Hub
- WEB: Home → Click the Profile Icon (top right) → My Vouchers
2. Unlocking the Coupon
In the Rewards Hub:
- No-threshold coupons: Can be directly redeemed after claiming.
- Threshold coupons: Will appear as "Unactivated" after claiming and must meet unlocking conditions before the "Redeem" button becomes available.
3. Converting to Coupon Balance
After activation, click "Redeem" to convert the coupon to coupon funds, which will be automatically transferred to your Futures Account.
Redemption Threshold Explanation
Coupons must be used in conjunction with personal funds. Therefore, when redeeming, the system checks the net deposit in your futures account. Only whenNet Deposit ≥ Redemption Threshold can the coupon be successfully redeemed.
Current net deposit in Futures Account (displayed in real-time) = USDT-M Futures Account deposits - withdrawals during the validity period
Redemption Rules
| Redemption Status | Redemption Conditions |
|---|---|
| Redeemable | No remaining old coupon balance in the Futures Account, and no isolated margin orders or positions (including trigger/trailing stop orders) |
| Not Redeemable | 1. Old coupon balance exists; 2. Isolated margin orders or open positions exist (including trigger/trailing orders) |
The system will display the redeemable amount and related notices during the process.
4. How to Use the Coupon Balance
1. How to View
Once redeemed, the funds will be automatically added to your Futures Account.
Go to Assets → Futures Account to view coupon details, including balance and expiration date.
2. How to Use
- The coupon balance does not increase wallet funds, but increases your available margin for futures trading.
- Note: Deposit coupon cannot be used to pay fees, funding costs, or cover trading losses.
5. Coupon Expiration Rules
1. Unredeemed Expiration
If the coupon is not redeemed before it expires, it will automatically become invalid.
2. Reclaim Due to Transfer-Out
If any USDT is transferred out of the Futures Account during the validity period, the coupon balance will be automatically reclaimed by the system.
If the transferred asset is not USDT (e.g., ETH), the coupon is not affected. A pop-up warning will be shown when attempting to transfer funds out.
Examples:
- Example 1: User has 80 USDT coupon balance, and transfers out 0.1 USDT to Spot; 20 USDT of coupon funds are reclaimed.
- Example 2: User transfers 0.1 ETH instead; 20 USDT coupon funds remain unaffected.
3. Expiration of Coupon Funds
If the coupon balance exceeds the validity period, the balance becomes invalid and cannot be used.
6. Additional Notes
- Coupon funds cannot be withdrawn or transferred, and cannot be used for Smart Copy Trading. They can be used for futures trading, futures grid trading, and custom copy trading.
- Futures Deposit Coupons cannot be used for hedging, self-trading, wash trading, or opening reverse positions. Any malicious behavior may result in account penalties.
- If coupon expiration due to fund transfer results in forced liquidation or failed order placements, please resolve such risks before proceeding.
- Coupons have both a redemption period and a valid usage period.
- Redemption period is shown on the coupon in the "Rewards Center"
- Usage period is shown in the "Futures Account" coupon details
- Failure to redeem or use within the validity period results in expiration.
Note: If malicious coupon exploitation is detected, the platform reserves the right to take action against the involved account to recover losses. XT holds the final interpretation rights for Futures Deposit Coupons.
7. Futures Deposit Coupons FAQs
Q1: Where can I view my claimed coupons?
After claiming, view them in "Rewards Hub" → "My Vouchers"
- Unclaimed coupons show as "Unclaimed"; if the validity period expires, they become "Expired."
- Claimed but unused coupons show as "Redeem"; if not redeemed within the time limit, they become "Expired."
- Claiming a coupon does not involve fund transfers and does not create new financial records.
- The actual coupon amount is based on the displayed value after redemption.
Q2: How do I use my claimed coupons?
After redemption, your available margin will increase and you can directly use the coupon to open positions.
Profits made using coupons will be credited to your futures account in cash.
Q3: Can coupons be used to pay fees?
No. Coupons cannot be used to pay for trading fees, funding rates, or to cover losses.
Q4: What are the possible coupon statuses?
- Unactivated: Qualified but not yet activated
- Expired: Not activated/redeemed within the validity period
- Unredeemed: Activated but not yet converted to coupon balance
- Redeemed: Successfully converted; actual amount displayed
Reminder:
Stay rational while using Futures Deposit Coupons. Avoid excessive risk-taking in pursuit of high returns. Continue learning about futures trading to make better use of this powerful tool.
Any USDT transfer out from the futures account during the coupon's validity period will result in system reclaim of the coupon balance.