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What Is Perpetual Contract Bonus Of Gate.io?
03 September 10:06
Gate.io perpetual futures contract bonus can be used across various trading options. It can be used as margins to compensate for losses, trading fees, and even funding fees. These bonuses allow seasoned traders to maximize their profits and lets novice/beginner traders indulge in trial and error with minimum loss.
How Does It Work?
For instance, you have about 100 USDT in your funds, and the perpetual futures contract bonus with you is 200. Let’s say you incur a loss of 50 USDT after your first transaction. Gate.io will then deduct 50 USDT from the bonus and not from your funds, thus making the fund amounts 100 USDT and 150 USDT.
Let’s say you make a profit of about 75 USDT. Then the profit will be added to your funds and not to the perpetual future contracts bonus. Thus the fund amounts would be 175 USDT and 200 USDT.
This showcases that the platform keeps the bonus and your funds distinct to save your funds from losses while giving you the entire profits.
How Can I Obtain Gate.io Perpetual Futures Contracts Bonus?
You can get the perpetual contract bonus via designated giveaway events which have their set of rules to be followed. You can claim these on the contract trading page.
However, you will only receive this bonus in the form of USDT or BTC, and you can view the amount you’ve received in the wallet-contract section of the Gate.io platform. Furthermore, you can use this bonus directly as the principal amount on a trade, and it will be used to compensate for your losses, as mentioned before.
Things To Remember While Applying For/Using This Bonus
1. You can’t transfer the bonus to another trader or party, nor can you withdraw the bonus amount for yourself.
2. The contract bonus is valid only for 30 days, so use it wisely while planning your futures trading strategy. Once the 30 day period ends, the amount unspent will be withdrawn by the platform.
3. Gate.io perpetual futures bonus is applicable only for specific markets and trading pairs. So ensure you check what those markets are before applying for/using the bonus and strategizing around it.
BTC, ETH, SHIB, DOT, LUNA, DOGE, SUSHI, LTC, BCH, etc., are some of the markets supported by Gate.io perpetual futures bonus.
Conclusion
Gate.io perpetual futures bonus is advantageous for both seasoned and novice traders with its share of limitations. Hence while building your trade strategy involving the bonus, consider all aspects and execute the trade.
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