OKX contract voucher and usage rules

What's a contract voucher?

Contract voucher is a reward type that provides users with a margin for opening a perpetual contract. The funds associated with the voucher are separate from the user's own funds and can't be used at the same time. It is used for a one-time opening of a perpetual contract position. When closing a position, if the user's balance deducting trading fee is bigger than the face value of the contract voucher, the profits will be automatically transferred to the user's trading account If the balance is smaller than face value, OKX will recover all the remaining costs, and users will not bear any losses.

Benefits of a contract voucher

• Users can open a perpetual contract position without spending their own funds

• Easy to learn and use

• Profits are withdrawable after the closing of a position

Where can I find it?

The vouchers are only available on OKX App with the app version 6.1.46 and above.

Find your app version at the bottom of the user center

• App Version 6.1.46 You can find it in the notification cards on the homepage.

Find the notification card in the middle of homepage

• App Version 6.1.48 and above Go to User center > Rewards and perks > Reward Center > My rewards

Find the Reward center in the user center

How do I use it?

1. A voucher can only be used for those contracts and available leverage multiples listed on the event page. The maximum position number you can open for each voucher is one. When you open a position, a market price under cross margin mode will be placed.

2. You can close the position opened with a voucher on the Positions page. A position can only be closed at market price and the leverage can't be adjusted after the position opened.

3. A voucher is limited to be used on several specific pages, and will be automatically used after you open a position. A voucher used in a partial fill during an extremely volatile market won't be restored.

Here's a tutorial for you

Click here to view the video.

Terms and Conditions of Contract Voucher Usage

• Vouchers that haven't been used before the expiration date will no longer be valid and can't be used

• The amount of vouchers can't be transferred to other accounts and profits earned in contract trading will be deposited to the trading account automatically

• If a violation such as bulk registration or malicious monetisation is found, OKX will strictly review relevant actions, disqualify accounts from participating in the event and recover the vouchers that were released to aforesaid accounts

• OKX reserves the right to modify, change or cancel the contract vouchers at any time and for any reason without prior notice

• OKX reserves the right to final interpretation of the contract vouchers